Investing

Kinross Gold (TSX:K,NYSE:KGC) reported its Q3 results on Tuesday (November 5), highlighting record free cashflow supported by debt reduction and key developments at its operatios. The miner outlined quarterly production of 564,106 gold equivalent ounces, a year-on-year decline of 4 percent. According to the company, the decrease was largely due to planned lower output at…

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 31 October 2024 (LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1). Highlights – Successful settlement…

With the 2024 US Presidential election in the rear view and Donald Trump emerging the victor, news of his upcoming presidency is already influencing global markets. In 2020, Biden and Harris presented themselves as a team that would bring Republicans and Democrats together, challenging Trump’s divisive and populist rhetoric of making America great again. Although…

Key US indexes hit new records following Donald Trump’s victory in the presidential election. Trump’s campaign, which focused on reviving traditional industries and reinforcing tariffs, suggests a shift in economic priorities that investors in the US and elsewhere are now trying to assess. Immediate reactions were seen across various asset classes on Wednesday (November 6),…

The oil market faced volatility throughout the third quarter as increased supply and weak demand forced Brent and West Texas Intermediate (WTI) crude prices to contract over the three month session. On the demand side, major economy China is facing lower manufacturing activity and a prolonged real estate downturn. At the same time, non-OPEC+ countries,…

Bitcoin-focused exchange-traded funds (ETFs) in the US saw significant outflows on Monday (November 4) as cryptocurrency market participants prepared for election-related uncertainty. In total, a group of 12 American Bitcoin ETFs tracked by Bloomberg saw outflows of US$579.5 million that day. According to the news outlet, that’s the highest daily net outflow number seen to…

Iron ore prices have displayed volatility in the past few years as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war and rising levels of inflation. Prices for the base metal reached a record high of over US$220 per metric ton (MT) in May 2021, but it wasn’t long before…

Referring to the World Gold Council’s latest report, he highlighted the return of western exchange-traded fund investors. With interest rates on the decline and geopolitical turmoil still strong, they’ve been more eager to buy. ‘Overall holdings of gold in investment portfolios has been stable, but actually adding to gold allocations has required that opportunity cost,…

Fission Uranium (TSX:FCU,OTCQX:FCUUF) has expanded its uranium exploration portfolio in and around Northern Saskatchewan’s Athabasca Basin by staking four additional properties. According to the company’s Thursday (October 31) press release, the new sites, called Typhoon, Corsair, Merlin and Seahawk, encompass thousands of hectares and are situated near established uranium-producing areas and deposits. Typhoon, which is…

Major pharmaceutical players Eli Lilly (NYSE:LLY), AbbVie (NYSE:ABBV) and Pfizer (NYSE:PFE) reported mixed Q3 results, with each company facing distinct market forces, ranging from supply issues to financial constraints. In its latest quarterly report, released on Wednesday (October 30), Eli Lilly missed on sales expectations for Zepbound, its popular weight-loss drug, and Mounjaro, its diabetes…