May was ‘as good as it gets’ for metals this year, including gold price, silver price – Capital Economics
(Kitco News) – Most industrial and precious metals will end the year lower than the current levels, said Capital Economics in a new report.
Read moreThis vegetable may solve mercury use problem in artisanal gold mining – report
(Kitco News) – A team of researchers representing the University of British Columbia (Canada), the Federal University of Bahia (Brazil), as well as the Embrapa Cassava and Fruits Center (Brazil).
Read moreGold price tumbles $40, will it collapse back to $1,700? Watch these warning signs – Jim Wyckoff
(Kitco News) – Gold fell 2% on Thursday, but this is just reflective of routine profit taking, said Jim Wyckoff, senior analyst of Kitco News.
Read moreRussia plans to revive the world’s largest new uranium project
(Kitco News) – Russian Deputy Prime Minister Yury Trutnev said yesterday that the state nuclear corporation Rosatom, which has suspended the development of the gigantic Elkon uranium project in Russia’s Yakutia region since 2017, must submit a plan to resume this work, the Russian news agency RBC reports.
Central banks can’t tighten monetary policies as global debt rises to 360% of GDP – Degussa
(Kitco News) – Growing momentum in the U.S. economic recovery continues to raise speculation that the Federal Reserve will tighten its monetary policy sooner than expected. However, one precious metals firm said that the central bank is stuck in a low-…
Read moreGold, silver dinged by heavy profit taking; Friday’s trade now key
(Kitco News) – Gold and silver prices are sharply lower in midday U.S. trading Thursday, on heavy profit-taking pressure and weak long liquidation in the futures markets. Gold prices hit a two-week low today and silver prices a three-week low.
Read moreRussia’s wealth fund to ditch all U.S. dollar assets for gold, euros, and yuan this month
(Kitco News) – Russian National Wealth Fund (NWF) will abandon all U.S. dollar assets and increase the holdings of gold, euros, and Chinese yuan, said Russia’s Finance Minister Anton Siluanov.
Read moreMonarch plans to restart Beaufor gold mine next year
(Kitco News) – Today, Monarch Mining (TSX: GBAR) (OTCQX: GBARF) announced that it plans to reopen its wholly-owned Beaufor mine and Beacon mill by June 2022. The mine and mill are located some 20 kilometres east of Val-d’Or, Québec.
Elemental says commissioning of Karlawinda gold mine begins
(Kitco News) – Elemental Royalties (TSX-V: ELE, OTCQX: ELEMF) announced today that commissioning has started at the Capricorn Metals’ Karlawinda gold project in Western Australia where Elemental holds a 2% NSR royalty.
Read moreSt Barbara reports deep sea tailings pipeline failure at Simberi, withdraws mine’s guidance
(Kitco News) – Australian gold miner St Barbara (ASX: SBM) reported today that a recent scheduled inspection of a deep sea tailings placement (DSTP) pipeline at its Simberi operations (Papua New Guinea) by a remotely operated vehicle observed a failure…
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