Russia’s gold reserves surpass its U.S. dollar holdings for first time, says country’s central bank
(Kitco News) – The value of Russian gold in its forex reserves has surpassed the country’s U.S. dollar holdings for the first time, said Russia’s central bank.
Calibre production exceeds high-end of 2020 guidance range
(Kitco News) – Calibre Mining (TSX: CXB; OTCQX: CXBMF) announced Tuesday gold production results for the fourth quarter and full-year of 2020.
Read moreTop uranium producer Kazakhstan decreases output by 15% in 2020
(Kitco News) – Local media sources reported today that Kazakhstan, the world’s largest producer of uranium, mined 19,500 tonnes of uranium in 2020, a 15% decline over 2019 results (22,808 tonnes).
Read moreJaguar Mining ups 2020 gold output by 23%
(Kitco News) – Jaguar Mining (TSX:JAG) today announced that its annual consolidated gold production for 2020 increased 23% with 91,116 ounces compared to 2019 production of 74,083 ounces.
Read moreCoal transformed into a linchpin material for electric vehicles
(Kitco News) – Using microwaves, scientists were able to convert coal into graphite, a key ingredient used in many high tech devices.
Read moreQueensland COVID-19 restrictions cut travel to resource operations by 60%
(Kitco News) – The Queensland Resources Council said that most resource companies are limiting non-essential FIFO travel until January 22.
Read moreWhy $2,500 gold price didn’t happen this year; ‘We were surprised’ says E.B. Tucker
(Kitco News) – Given the political and economic environment that we’re in, gold should be much higher, said E.B. Tucker, author of “Why Gold, Why Now.”
Read moreBuy gold now, prices on path to $2,800, says Edelweiss
(Kitco News) – Investors should be snatching up gold at the $1,850 an ounce level before prices head towards $2,800 in the next few years, according to Edelweiss.
Read moreTeranga posts record 40% production growth in 2020
(Kitco News) – Teranga Gold (TSX:TGZ; OTCQX:TGCDF) reported Tuesday that the full-year 2020 gold production of 404,460 ounces exceeded the top end of the company’s full-year production guidance range.
Gold can’t hold gains, bears gain momentum
(Kitco News) – Gold futures prices are lower in midday U.S. trading Tuesday and gave back modest overnight gains. Today’s losses in the yellow metal have given the bears some fresh downside momentum to suggest more price pressure in the near term.
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