Kinross suspends gold mill in Mauritania due to a fire
(Kitco News) – Kinross Gold (TSX:K; NYSE:KGC), a major gold producer, announced today a temporary suspension of mill operations at its Tasiast mine in Mauritania due to a fire on June 15, 2021. There were no injuries reported due to the fire.
Read moreGold prices drop sharply following optimistic Federal Reserve that could raise rates in 2023
(Kitco News) – The gold market is losing some ground as the Federal Reserve strikes an optimistic tone on the health of the economy and signals that interest rates could rise by 2023.
Read more‘Big Short’ investor Michael Burry warns of ‘greatest speculative bubble of all time’
(Kitco News) – After deleting all his tweets just over two months ago, the “Big Short” investor Michael Burry is back with a clear message — markets are in the biggest bubble in history.
Trigon gets nod from gov’t to restart Kombat copper mine in Namibia
(Kitco News) – Trigon Metals (TSX-V:TM) today announced the renewal of its mining licence for the Kombat mine, a copper project comprised of five permits in Namibia.
Read moreSierra receives permit to increase capacity at Yauricocha by 20%
(Kitco News) – On Wednesday, Sierra Metals (TSX: SMT) announced the receipt of an Informe Técnico Minero (“ITM”) Permit from the Peruvian Ministry of Energy and Mines. The ITM Permit allows for the construction and operation at a capacity of 3,600 tonnes per day (“TPD”), at the Yauricocha Mine in Peru.
Torex increases Media Luna indicated resources by 58%
(Kitco News) – Torex Gold (TSX: TXG) today announced an updated Mineral Resource estimate for the Media Luna project in Mexico.
Read moreGold prices to average $1,820 in 2021 – Metals Focus
(Kitco News) – Although there is plenty of bullish sentiment in the gold market to support prices this year, one research firm said that investors shouldn’t expect the same type of euphoria that drove the price to record highs last year.
Read moreChina’s release of national copper reserves not a game-changer for price rally – analysts
(Kitco News) – Copper prices have been taking a hit, falling to a two-month low after China announced that it would sell its strategic reserves of the base metal to cool down what has been a hot market.
Read moreSenior copper producer KAZ Minerals went private in $6 billion deal
(Kitco News) – Nova Resources B.V. (“Bidco”), a company indirectly owned by joint offerors Oleg Novachuk and Vladimir Kim, today announced that its recommended increased cash offer for the entire issued and to be issued share capital of KAZ Minerals Li…
Read more‘Best time to buy gold is before crisis’: watch inflation risk and $3K gold price target, says industry expert
(Kitco News) – Inflation is a significant risk facing investors, which is why now might be the best time to turn to safe-haven assets such as gold, said Adam Trexler, founder and president of Valaurum.
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