Rio Tinto Sheds Rössing Uranium Mine
(Kitco News) – Rio Tinto said the $100 million contingent payment is linked to uranium spot prices and Rössing’s net income during the next seven calendar years.
Atlantic Gold Approves Sale For $536 Million
(Kitco News) – The deal was originally announced in May.
Read moreAngloGold Ashanti Ups Pure Gold Stake
(Kitco News) – AngloGold currently owns 14.3% of Pure Gold.
Read moreWorld’s Biggest Gold Coin Makes History In New York
(Kitco News) – World’s Biggest Gold Coin Makes History In New York
Don’t Ignore Platinum Even As Palladium Remains Hot – CPM Group
(Kitco News) – Palladium is expected to remain the hot investment this year, but investors should keep an eye on platinum’s long-term potential according to one research firm.
Gold Down On Some Upbeat US Data; Silver Pops
(Kitco News) – Gold prices are modestly down in midday U.S. trading Tuesday. Some stronger U.S. economic data gave the monetary policy doves some pause on their notions of several interest rate cuts in the coming months.
Read moreMetals Focus: ‘Matter Of Time’ Before Palladium Breaks, Consolidates Above $1,600/Oz
(Kitco News) – Metals Focus said Monday that “it is only a matter of time” before palladium not only breaks through $1,600 an ounce but consolidates above this level.
Dundee Precious Metals Upbeat About On Timok Project After PEA
(Kitco News) – A preliminary economic assessment shows that Dundee Precious Metals Inc.’s (TSX: DPM) Timok project in Serbia could result in average gold production of 75,000 ounces a year, all-in sustaining costs of $717 an ounce and have a mine life of nine years, the company reported late Monday.
Gold Prices Drop Following Solid U.S. June Retail Sales Data
(Kitco News) – Gold prices are under pressure but continue to hold above $1,400 an ounce as it competes with rising “risk on sentiment in the market place” as U.S. consumers spend more than expected last month.
Gold Weaker, Bigger Price Move Pending
(Kitco News) – Gold prices are modestly down in early U.S. trading Tuesday. The daily chart for gold shows a “collapse in volatility,” whereby the past three sessions have seen significantly quieter price action.
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