First Majestic Lists 4Q Loss Due To Impairment But Posts Higher Production, Lower Costs
First Majestic Silver Corp. (NYSE: AG; TSX: FR) posted a net loss in the fourth quarter due to an impairment charge, but also listed output higher than a year ago and lower all-in sustaining costs.
U.S. Durable Goods Orders Rise 4.9%, Core Rises 1.8% In January
(Kitco News) – The U.S. manufacturing sector found some much needed momentum last month, as orders for durable goods increased, ending to consecutive months of declines, according to the latest data from Department of Commerce.
Read moreU.S. Weekly Jobless Claims Rise 10,000 To 272,000
First-time weekly jobless claims in the U.S. rose by 10,000 to a seasonally adjusted 272,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Sees Some Mild Profit-Taking, Chart Consolidation Following Recent Gains
Gold prices are steady to slightly lower in early U.S. trading Thursday, on some profit-taking pressure and chart consolidation following recent good gains.
Read moreGold Sees Corrective Pullback From Recent Solid Gains
Gold prices are modestly lower in early U.S. trading Thursday, on a corrective price pullback from recent good gains.
Read moreCenterra Gold Lists Smaller 4Q Net Loss On Smaller Impairment Charge
Centerra Gold Inc. (TSX: CG) reported a smaller net loss in the fourth quarter than a year ago on a smaller impairment charge, although production and revenue fell as the company mined lower grades of ore.
Read moreThe 6PM Recap With Gary Wagner: Oil Dances Some More Helping Gold To Move Up
One month ago, crude oil closed at 33.35. Today it settled at $32.15. In between those marks, the swing above and below $30 per barrel has been about 10% on either side of the line. It hasn’t budged out of the range. Normally, 10% is a big number. Given the painfully low price of oil, the 10% has been devalued, if not in reality, then psychologically.
Dutch Central Bank Looking At Moving Gold In Amsterdam Vault
The Dutch central bank could have a slight problem on their hands, they might have to move more than 189 tonnes of gold from vaults in Amsterdam, currently worth more than $7 billion.
Read moreBNP Paribas Sticks To Sub-$1000 Gold Forecast For 2016, Despite 17% Rally
(Kitco News) – Although some banks have shifted their outlook on gold, as global market uncertainty propelled prices up more than 17.5% on the year, one bank remains firm that prices will move lower.
Read moreGold Rallies Amid Wobbly World Stock Markets; Safe-Haven Demand Featured
Gold prices ended the U.S. day session solidly higher Wednesday, on follow-through technical and safe-haven buying following Tuesday’s decent gains.