Premier: PEA Shows Project Would Produce 740,000 Gold Ounces
Premier Gold Mines Ltd. (TSX: PG) says the preliminary economic assessment for the Cove project in Nevada shows mining would result in life-of-mine gold production of 740,000 ounces during eight years of operations, which would an average of 92,400 an…
Read moreGold Sharply Down, at 5-Mo. Low, Prices Drop Below $1,300
(Kitco News) – Gold prices are solidly lower and scored a nearly five-month low in early U.S. trading Tuesday. Importantly, the yellow metal is perilously close to dropping below major chart support at $1,300.00.
Read moreNew York Fed Reports Improving Sentiment In Manufacturing Sector
(Kitco News) – Sentiment in the New York State manufacturing sector is improving according to the latest data from the New York Federal Reserve.
Read moreGold Prices Extend Loss As U.S. April Retail Sales Rise 0.3%
(Kitco News) – Gold futures extended overnight losses after a Commerce Department report Tuesday showing U.S. April retail sales rose by 0.3%. Comex June gold was last down $15.30 to $1,302.90 an ounce.
Meanwhile, sales excluding autos were also up …
Pressure Is Mounting In Gold Market
Read moreFrance confident of progress towards euro zone budget with Germany
PARIS (Reuters) – France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire saying it would be “irresponsible” to delay any longer.
Read moreWhen Interest Rates Go Up, Gold Doesn’t: ‘It’s Totally Fallacious’ — Eric Sprott
The argument that when interest rates go up, gold goes down is a “totally fallacious” one, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Gold Miners Need To Keep Plugging Away To Regain Investor Trust – Randy Smallwood
(Kitco News) – Years after destroying shareholder value, the mining industry, while on the right path, still has more work to do before regaining investor trust and bringing capital back into the sector, according to one mining CEO.
Read moreGold Dragged Down To Session Lows By Rising U.S. Dollar
Gold prices dropped to session lows amid increased selling pressure as the U.S. dollar index began to climb after markets closed on Monday.
Read moreGold, Silver Weaker In A Quiet Session
(Kitco News) – Gold and silver prices were slightly lower in lackluster early-afternoon U.S. trading Monday. It’s a quieter and uneventful marketplace to start the trading week.