People keep looking at the burgeoning space industry and thinking about the joyrides being taken by the likes of Elon Musk and Jeff Bezos.And of course, that's the way they want it.But in truth, the global space economy is so much bigger than that.For example, the latest major space announcement came on Oct. 21, when three companies - Nanoracks, Voyager Space Holdings, and Lockheed Martin (NYSE: L...Read More
Market participants might have been numbed by the government's release of the October inflation rate which came in well above economists polled by the Wall Street Journal. However, the same market participants have seen prices rise dramatically over this last year especially energy and food costs.The inflationary rate increased by 0.9%, well above the 0.6% prediction by economists. More alarming,...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Metals Focus, a leading independent precious metals research consultancy, reported yesterday that it expects over a 40% increase in gold demand in China this year, while domestic industrial silver dema...Read More
(Kitco News) Gold's narrative has shifted after the latest round of hot U.S. inflation data, according to MKS PAMP GROUP. And here's what to watch with the latest surge higher."There's a fundamental change from the previous 'thinking' (strong CPI = faster Fed tapering schedule = lower gold) to strong CPI = some fear, not an acceptance of inflation = higher gold," said MKS PAMP GROUP head of metals...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold prices continue their upward climb, ending five months of consolidation after inflation pressure rose to their highest level in 31 years. According to Sprott CEO Peter Grosskopf, the precious metal...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have...Read More
Dr. Jacques Trottier reportsAMEX REPORTS 8.25 G/T GOLD OVER 44.80 METRES AND 1.22 G/T GOLD OVER 64.75 METRES FROM THE DENISE ZONE OF PERRONAmex Exploration Inc. has released results froma total of 36 drill holes focused on expansion and definition drilling of the Denise zone, part of the Eastern gold zone (EGZ), of the Perron project. Today's results are focused on near-surface and on-strike expan...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Renewed focus on global decarbonization as the United NationsClimate Change Conference (COP26) wraps up will lead to more demand forcritical industrial metals, according to commodity analysts at Bank of...Read More
Mr. Jeff Chisholm reports PAN ORIENT ENERGY CORP. -2021 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released 2021 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and bopd refers to barrels of oil per day.The company is today filing its unaudited consolidated financial statements...Read More
Headline CPI inflation surged to 6.2% in October, the highest level since 1990. However, prices are unlikely to stay elevated forever, as technological innovations will create a more cost-efficient economy, said Tim Ghriskey, senior portfolio strategist at Ingalls and Snyder. "We're in this technological revolution. I think it's greater than the industrial revolution from over a century ago. The i...Read More
By Yousef SabaDUBAI, Nov 10 (Reuters) - Egyptian businessman Naguib Sawiris said on Wednesday he was looking to diversify his interests into sought-after battery metals and was confident that five new gold prospecting and mining concessions in Egypt would soon be approved.His gold fund has agreed to sell its controlling stake in Golden Star Resources Ltd, one of three gold companies under its cont...Read More
And they are off! Gold and silver have broken throughthe key resistance levels and could run a long way. Platinum looks prepped todo so today. Today is Veterans Day, which could slow market action becausebanks are closed. However, the patterns are solid and poised to reach the nextbig levels. Platinum, which was the first to find the bottom,will be the last to break out from resistance. Platinum a...Read More
Mr. David Stein reportsKUYA SILVER LAUNCHES SECOND DRILL PROGRAM AT SILVER KINGS PROJECT, ONTARIOKuya Silver Corp. has commenced a 2,000-plus-metre drill program at the Silver Kings joint venture, which is part of the company's larger Silver Kings project, located in the historical Cobalt silver mining camp in northeastern Ontario. This drill program is designed to test for high-grade silver-cobal...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices arelower in early U.S. trading Thursday, on a normal corrective pullback afterprices hit a record high earlier this week. A price uptrend remains firmly inplace on the daily...Read More
Ms. Sharyn Alexander reportsSUN SUMMIT APPOINTS PURNI PARIKH TO BOARD; GRANTS STOCK OPTIONS Sun Summit Minerals Corp. has appointed Purni Parikh to its board of directors.Ms. Parikh has over 25 years of public company experience in the mining sector including corporate affairs and finance, legal and regulatory administration, and governance. Ms. Parikh is president of the Augusta group of companie...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Endeavour Mining (LSE, TSX:EDV) announced Thursday that the company produced 382 koz of gold in Q3 2021, an increase of 57% from Q3 2020 (244 koz), due to the full benefit of consolidated production fr...Read More
Mr.Michael Spreadborough reportsMECHANICAL SORTER CONSTRUCTION COMPLETE AHEAD OF PHASE 2 TRIALS AT NULLAGINE GOLD PROJECTNovo Resources Corp.intends to commence phase 2 mechanical sorting trials of Pilbara deposit bulk samples from early December, 2021. The company's Steinert KSS 100F LIXT fine mechanical sorting unit will be installed adjacent to the company's Golden Eagle processing facility in...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 11 that are worth another look.The capacity expansion at ArcelorMittal Brasil's Monlevade unit will serve either the domestic or export markets with high-quality special steel products, chief executive officer Jefferson De Paula told Fastmarkets on November 11....Read More
EMERYVILLE, Calif., Nov. 10, 2021 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS) ("Amyris"), a leading synthetic biotechnology company accelerating the world to sustainable consumption through its Lab-to-MarketTM operating platform, today announced that it has priced $600.0 million aggregate principal amount of 1.50% convertible senior notes due 2026 (the "notes"). The size of the offering was incre...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The gold price had an impressive break out after the U.S. CPI print yesterday. The good news for the bulls is that the resistance level broke off the back of some decent volume, which can be noted at t...Read More