Gold and silver trade higher leading into the European open
(Kitco News) -Gold and silver are trading marginally higher as we lead into the European session this morning. The yellow metal is trading at $1860/oz while silver has moved to reach $27.73/oz. In the rest of the commodities complex, copper trades -0.3…
Read moreNouveau Monde to raise more than C$100 million for graphite mine and anode plant
(Kitco News) – The company expects the net proceeds of the offering and the private placement to be used towards the development of the Matawinie graphite mine project and LiB anode plant project and for general working capital and corporate expense ne…
Read moreSenator Warren calls Bitcoin a ‘scam’, threatens more regulation; Alex Mashinsky says she’s wrong
(Kitco News) – Senator Warren calls Bitcoin a ‘scam’, threatens more regulation; Alex Mashinsky says she’s wrong
Eric Sprott increases its stake in machine learning exploration technology company
(Kitco News) – GoldSpot Discoveries (TSXV: SPOT), a leading technology services company leveraging machine learning to transform the mineral discovery process, announced that it has completed a non-brokered private placement to raise aggregate gross pr…
Read moreLegalizing Bitcoin will ‘completely collapse El Salvador’s economy’ – Steve Hanke
(Kitco News) – El Salvador has recently made Bitcoin legal tender. While the crypto community has rejoiced at the news, practical problems still remain.
Read moreMosaic reports 40% sales revenue increase in May 2021
(Kitco News) – The Mosaic Company (NYSE:MOS), the world’s leading integrated producer of concentrated phosphate and potash, today announced its May 2021 sales revenue and volumes by business unit.
Gold has great potential but oil looks a lot better – Moor Analytics
(Kitco News) – The gold market still has a lot of potential for higher prices. Still, commodity investors might want to turn their attention to other markets that are seeing stronger momentum, according to one technical analyst.
Read moreGalena made final investment decision to develop Abra base metals project
(Kitco News) – Galena Mining (ASX: G1A) announced Tuesday that it has made the final investment decision to complete the full development of Abra base metals project in Australia, with first production of its high-value, high-grade lead-silver concentr…
Read moreGran Colombia says on track to meet 2021 guidance
(Kitco News) – Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced today that the company produced 17,936 ounces of gold and 18,569 ounces of silver at Segovia in May 2021 bringing the total for the first five months of the year to 84,467 ounces of g…
Read moreGold price tumbles as markets eye Fed’s inflation stance, tapering, and dot plot comments
(Kitco News) – Gold saw another selloff ahead of the Federal Reserve monetary policy announcement on Wednesday, with prices approaching the $1,850 an ounce level.
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