A giant grain of salt
(Kitco News) – The gold market is seeing its worst weekly selloff since March 2020, when financial markets were roiled at the start of the COVID-19 pandemic as the global economy grounded to a halt.
Read moreWhat’s gold’s fair value? Markets reassess prices as inflation expectations shift
(Kitco News) – The gold space felt the ground shift under its feet this week as the precious metal shed $100 on the Federal Reserve’s surprisingly hawkish stance.
Read morePanic selling in gold could last a little longer as Wall Street turns bearish on gold, but many look to buy the dip
(Kitco News) – The Federal Reserve unleashed considerable panic in the precious metals market. While there is still some bullish sentiment in the marketplace, some market analysts say that it could take some time for gold to work through all the sellin…
Read moreHochschild reports 27 fatalities in transport accident in Peru
(Kitco News) – Hochschild Mining reported Friday that a road accident occurred this morning involving a bus operated by one of the company’s contractors which was carrying workers from the Pallancata operation to the city of Arequipa in southern Peru.
Read moreWhy did gold price plunge $100 this week, and what’s the next target? Jim Wyckoff
(Kitco News) – Jim Wyckoff, senior analyst of Kitco News, called this week’s drop in gold a “knee jerk reaction.”
Read moreRichest gold mines in Canada in Q1 2021 – report
(Kitco News) – The grade or concentration of a mineral or metal in ore directly affects costs associated with mining as well as its subsequent beneficiation and extraction of precious components.
Read moreSandfire achieves record $50 million copper shipment from DeGrussa
(Kitco News) – Sandfire Resources announced Friday that it has achieved a new shipping record with the completion of its highest-value shipment from its 100%-owned DeGrussa Operations in Western Australia.
Read moreBrazil’s Vale to use unmanned train in area of potential dam collapse
(Kitco News) – Brazilian mining giant Vale informed that the access of workers and the circulation of vehicles to the flood zone of the Xingu dam remain suspended, including for the Alegria mine, with entry only allowed for people who work in activitie…
Read moreCritical Elements hires GoldSpot to apply AI technologies at its lithium-tantalum projects in Quebec
(Kitco News) – Critical Elements Lithium (TSX-V:CRE) announced Friday that it has engaged GoldSpot Discoveries, a leading technology services company leveraging machine learning to transform the mineral discovery process, to apply its proprietary techn…
Read moreKeliber says court ‘mostly’ rejected appeals challenging its lithium mining permits
(Kitco News) – Finland-focused lithium developer Keliber said today that the Vaasa Administrative Court has mostly rejected three appeals that were filed in March 2019 challenging Keliber Oy’s environmental and water permits for the Syväjärvi lithium mining area.
