Gold posts decent rebound after last week’s pounding
(Kitco News) – Gold prices are solidly up in midday U.S. trading Monday on a corrective and short-covering rebound after dropping sharply last week and hitting a five-week low on Friday
Read moreGold finds some support as ECB is not ready to raise interest rates
(Kitco News) – The gold market is finding some support from the European Central Bank (ECB) as its president Christine Lagarde reiterated the central bank’s stance that it is not ready to look at tightening its monetary policy anytime soon.
Pensana announces early-stage construction of REE processing facility in the UK and mine in Angola
(Kitco News) – Pensana (LSE:PRE) announced today that it continues to enjoy strong support from its existing shareholders raising £15.0 million (US$21.1 million)
Mining giant Nornickel commences production of carbon-neutral nickel
(Kitco News) – Russian mining company Norilsk Nickel (Nornickel), the world’s largest producer of palladium and high-grade nickel and one of the largest producers of platinum and copper, announced Monday that it has started producing carbon-neutral nic…
Read moreKirkland Lake Gold introduces automatic share purchase plan
(Kitco News) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) announced Monday that it has entered into an automatic share purchase plan (the “ASPP”) with its designated broker to facilitate repurchases of Kirkland Lake Gold’s common shares under its …
Read moreHudbay reports fatal incident at its Lalor mine in Manitoba, underground operations suspended
(Kitco News) – Hudbay Minerals (TSX, NYSE: HBM) today announced that a fatality occurred at its Lalor mine, located in Snow Lake, Manitoba.
Read moreLundin reduces 2021 production guidance for Candelaria due to ore stability concerns
(Kitco News) – Lundin Mining today reported that 2021 production guidance for its Candelaria copper mining complex in Chile is reduced from 172,000-182,000 t of copper and 95,000-100,000 oz of gold to 150,000–155,000 t of copper and 85,000–90,000 oz of gold, on a 100% basis.
ETF gold investors bargain hunt while speculators panic sell
(Kitco News) – A new schism is growing in the gold market. Speculators in the futures markets appear to be at odds with investors in gold-backed exchange-traded products (ETF).
Read moreGold sees corrective price bounce after recent selling pressure
(Kitco News) – Gold prices are moderately up in early U.S. trading Monday on a corrective rebound after dropping sharply last week.
Read moreBitcoin daily chart alert – Bears back in firm control – Jun. 21
(Kitco News) – Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Monday, and not far above the recent lows as the bears have again taken firm near-term technical control of the market.
Read more