(Kitco News) - The London Metal Exchange (LME) said its decision to cancel billions of dollars of nickel trades back in March was lawful and the only option given the circumstances, according to Monday's court filing.

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(Kitco News) - Silver X Mining (TSXV: AGX) today reported record Q3 2022 operating revenues of $5.5 million, representing a 73% increase from previous quarter.

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(Kitco News) - MAG Silver's Mexico operations are nearing the finish line, said George Paspalas, president and CEO of MAG Silver.

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(Kitco News) - Rupert Resources (TSX-V: RUP) today announced results from its preliminary economic assessment (PEA) for the company's 100% owned Rupert Lapland project, including its flagship Ikkari gold discovery and Pahtavaara mine and mill located in Northern Finland.

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(Kitco News) - The global oil market, usually transacted with U.S. dollars, had a surprise last week as Ghana announced it would buy oil with gold. This is part of a “wider trend” of de-dollarization as the world moves towards multipolar “zones” of influence, said E.B. Tucker, Director of Metalla Royalty.

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(Kitco News) - Large mining companies in Ghana will have to sell 20% of their refined gold to the country's central bank starting on January 1, 2023, according to Vice-President Mahamudu Bawumia. This is part of a larger plan by the government to trade gold for fuel.

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(Kitco News) - Gold and silver prices are lower and nearer their daily lows in midday U.S. trading Monday. The metals are seeing selling pressure as the U.S. dollar index has rallied after trading solidly lower overnight.

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(Kitco News) - Although investors continue to shun silver, the precious metal has seen record demand in all major sectors, including jewelry.

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(Kitco News) - Coricancha, located in the central Andes of Peru approximately 90 kilometres east of Lima, is a past producing mine which the company acquired in June 2017 and has remained in care and maintenance since then.

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(Kitco News) - First Majestic Silver (NYSE: AG; TSX: FR) announced today that it has entered into a royalty purchase agreement dated November 25, 2022 to sell a portfolio of its royalty interests to Metalla Royalty & Streaming for a total consideration of US$20.0 million in common shares of Metalla.

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(Kitco News) - Filo Del Sol copper project has synergies with another project 12 kilometers away, said Filo Mining President & CEO Jamie Beck

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The cut comes as the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, started to trim output by 2 million barrels per day from November, aiming to shore up oil prices.Read More

(Kitco News) - Gold and silver prices are trading around unchanged levels in early U.S. trading Monday.

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(Kitco News) - Bitcoin-U.S. dollar prices are slightly lower in early U.S. trading Monday. While the BC bulls have stabilized prices since they hit a two-year low last week, the bulls are disappointed BC prices have not seen safe-haven demand amid the China civil unrest over the weekend.

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Brent crude dropped $2.43, or 2.9%, to trade at $81.20 a barrel at 0731 GMT, after diving more than 3% to $80.61 earlier in the session - its lowest since Jan. 4.U.S. West Texas Intermediate (WTI) crude slid $2.16, or 2.8%, to $74.12 a barrel. It fell as far as $73.60 earlier, its lowest since Dec. 22, 2021.Read More

Gold is seen as a hedge against inflation, which rising rates aim to tackle, thereby diminishing the metal's appeal. Higher interest rates also make other assets more attractive compared with non-interest-bearing bullion.Read More

Mobility data in China is showing the impact of a resurgence in COVID-19 cases," ANZ analysts wrote in a research note Monday. "This remains a headwind for oil demand that, combined with weakness in the U.S. dollar, is creating a negative backdrop for oil prices.Read More

Most market participants are pricing in a 50 basis-point interest rate increase at the Federal Reserve's December meeting after minutes of the U.S. central bank's last policy meeting signalled a slower pace of rate hikes.Read More