Crypto and Gold Miners Sell-Off as Hot Jobs Data Cement September Fed Hike
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.
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Equinox Gold And Orla Mining Complete Business Combination, Creating North America's New Senior Gold Producer With 1.1M Ounces Annual Output
Combined company anticipated to produce 1.1 million ounces of gold annuallyClear path to more than 1.9 million ounces through high-quality North American growth projectsPlanned Chief Executive Officer succession
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Shares of precious metal-related companies are trading higher amid a rise in gold and silver in response to falling Treasury yields and a weakening dollar. Fed Governor Waller's comment that he is inclined to support holding interest rates steady may contribute to the metals' rally.
Shares of precious metal-related companies are trading higher as yields and dollar strength flatten. Investors may be turning to safe-haven assets due to inflation concerns and escalating conflict in the Middle East.
Shares of precious metal-related stocks are trading lower as climbing bond yields and August's economic data raise inflationary concerns and interest-rate hike expectations. A slightly stronger dollar may contribute to the a selloff of the commodity.
Equinox Gold and Orla Mining Complete Business Combination, Creating North America’s New Senior Gold Producer
Equinox Gold and Orla Mining have completed their business combination, creating North America's new senior gold producer with anticipated annual production of 1.1 million ounces of gold and a path to 1.9 million ounces through growth projects. Leadership changes include Ross Beaty stepping down as Chairman to become Chairman Emeritus, Chuck Jeannes becoming Chairman, and Jason Simpson set to assume CEO role from Darren Hall effective October 31, 2026.
Orla Mining Receives Final Court Approval for Business Combination With Equinox Gold
Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company's