Kirkland Lake reports record production
(Kitco News) – Kirkland Lake Gold (TSX:KL) reported production of 248,400 ounces and an increase in its cash position by 31% to $146 million in Q3 on Wednesday.
Read moreEndeavour Silver production drops by one-third
(Kitco News) – Endeavour Silver (TSX: EDR) said third-quarter silver production decreased 34% to 948,547 oz and gold was off 25% to 9,716 oz compared to the same quarter a year ago.
Read moreGold prices to push higher as Fed faces reality of lower rates – BNP Paribas
(Kitco News) – Although the Fed has been reluctant to acknowledge that it has embarked on a new easing cycle, one market analyst said that the central bank won’t be able to ignore the reality for much longer.
Fundamentals to drive gold prices to $1,650 within 12 months – TD Securities
(Kitco News) – Slowing global growth and geopolitical tensions will force the Federal Reserve to introduce more cuts in 2020, which will drive gold to $1,650 next year, according to TD Securities.
Read moreGeopolitics support gold prices, next major resistance is $1,535: MKS PAMP Group
(Kitco News) – Geopolitical tensions are supporting gold prices at just above the $1,500 an ounce, MKS PAMP Group says. “Geopolitical concerns should continue to underpin prices and we see ETF’s moving back into the metal following recent outflows,” MKS writes.
Gold, silver prices up; FOMC minutes on deck
(Kitco News) – Gold and silver prices are moderately higher in early U.S. trading Wednesday. There are lingering geopolitical matters that have many traders and investors looking to the safe-haven metals as an investment.
Read moreBitcoin daily chart alert – prices pausing at mid-week – Oct. 9
(Kitco News) – Bitcoin-U.S. dollar futures prices are again near steady in early U.S. trading Wednesday. The bulls have stabilized the market recently.
Read moreMajor Drilling expands into ‘prolific region’ with acquisition
(Kitco News) – “We are very excited to welcome Norex and its 120 employees into the Major Drilling group.”
Read moreNineteen percent of mines are ‘corporate disasters’
(Kitco News) – Only 20% of mines surveyed actually came in at or under budget.
Read moreGold prices spike to daily highs as Powell says Fed to expand balance sheet ‘soon’
(Kitco News) – Gold rose to daily highs on Tuesday afternoon as markets digested Federal Reserve Chair Jerome Powell’s comments that the U.S. central bank will start expanding its balance sheet “soon.”
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