Could bitcoin miners be moving to the wild west?
(Kitco News) – Cryptocurrency miners have been based in China for a very long time and no doubt some will continue to mine there. There could be a new Sherrif in town as the previous bitcoin-friendly Beijing wants them out.
Read moreChinese induatrial production falls but the NBS say the employment situation has improved
(Kitco News) – Chinese Industrial Production year on year fell to hit 8.8% for the month of May vs analyst consensus estimates of 9.0% and previous reading of 9.8%. As the nation comes out of the COVID-19 pandemic these numbers will be suffering from a…
Read moreGold 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…
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