Physical gold demand increases in China due to Lunar New Year
(Kitco News) – Ahead of Chinese new year the demand for physical gold has increased and dealers have been selling gold at a premium.
Read moreGold and silver move higher heading into the EU open
(Kitco News) – Gold and silver are both trading higher leading into the EU session on Tuesday. It was another positive close for both precious metals yesterday as gold continues to recover from the 4th February sell-off which saw the yellow metal hit $…
Read moreEx-CEO of Xstrata launches EV fund, selects first investment
(Kitco News) – David is credited with building Xstrata plc into one of the largest mining companies in the world prior to its acquisition by Glencore plc. Before listing Xstrata on the LSE as CEO he was CFO of Billiton plc and Chairman of Billiton Coal…
Read morePan African Resources ups earnings by up to 90%
(Kitco News) – Earnings per share jump was the result of gold price increase and growth in gold ounces sold.
Read moreGold price still fighting for $1,850 and higher as focus shifts back to stimulus
(Kitco News) – Gold kicked off a new week on a positive note — once again climbing the ladder towards its next resistance point of $1,850 an ounce after dropping below $1,800 last week.
Read moreGlobal silver output dropped by 6% in 2020 – report
(Kitco News) – In 2020, global silver production declined by 6% to 25,000 tonnes. Mexico was the largest silver producing country in 2020.
Read moreMountain Province Diamonds suspends Gahcho Kué over COVID-19 outbreak
(Kitco News) – Mountain Province Diamonds (TSX and OTCQX: MPVD) today reported that there has been an outbreak of COVID-19 at the Gahcho Kué mine site which has resulted in the temporary suspension of production related activities.
Pretium reports nine COVID-19 cases at Brucejack
(Kitco News) – Today, Pretium Resources (TSX/NYSE: PVG) announced that it is currently managing nine cases of COVID-19 among employees and contractors at the Brucejack mine in British Columbia.
Read moreCIBC trims gold price forecast but remains bullish with $2,100 average
(Kitco News) – One Canadian bank is trimming its gold forecast for 2021 as the precious metal struggles to find consistent momentum amid growing optimism that the global economy will see stronger-than-expected growth this year.
Read moreGold, silver rally on bargain buying, friendly outside markets
(Kitco News) – Gold and silver futures prices are trading higher in midday U.S. dealings Monday, as some perceived bargain-basement buying is featured to start the trading week after both metals suffered significant losses last week.
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