Gold moves higher in early EU trade
(Kitco News) – The gold (0.27%) price has moved higher in early EU trade. This is also followed bu some positive risk sentiment as both the EuroStoxx (0.63%) and DAX (1.39%) trade well. Silver is also in the black and trades 2% higher at $26.32 per oun…
Read moreTurkish fertilizer producer claims found $6 billion gold deposit
(Kitco News) – Mr. Poyraz asserted that the new discovery is among the top five gold mines globally. The gold will be extracted by Maden AS within two years, he added.GÜBRETAS is known as a subsidiary company of Turkey’s Agricultural Credit …
Read moreFormer Petropavlovsk CEO detained and interrogated
(Kitco News) – The TASS agency, citing the company’s press service, reported that the investigative actions are likely concerning people who no longer hold any positions with the company. According to the RBC newspaper, the searches were related to the…
Read moreModest gold gains in quieter holiday trading
(Kitco News) – Gold futures prices are modestly up in midday U.S. trading on this Christmas Eve day. It was a quieter trading session as many U.S. markets, including gold and silver futures, closed early.
Read moreChile’s SQM raises $1.1 billion, plans to more than double lithium production
(Kitco News) – Sociedad Quimica y Minera de Chile (SQM) yesterday announced that its Board has approved initiating the process to increase the company’s capital of up to US$1.1 billion.
West Africa gold development company acquired by Shandong Gold Mining
(Kitco News) – Shandong is one of China’s top gold miners. Earlier this week, Shandong’s attempted takeover of TMAC Resources in Canada was rejected.
Read moreLast-minute rally? Gold price to challenge $1,900 next week as investors shift away from risk assets
(Kitco News) – Investors will be using the last week of the year to take stock, which could be beneficial to gold, according to analysts, who see traders taking equity profits off the table and reinvesting into safer assets.
Read moreGold miners’ production set to rebound in 2021
(Kitco News) – Overall the top 20 gold miners are projected to lose ~5% of their total 2020 gold output primarily because of the pandemic and related suspensions. In 2021 gold production is likely to rebound. Based upon mid-point outlook projections, p…
Read moreSilver price to shine the brightest in 2021, gold is third most popular asset
(Kitco News) – The silver market is garnering a lot of attention heading into 2021 and according to Main Street retail investors, it is the precious metal they will be keeping an eye on in the new year.
Global Atomic shares skyrocket on crucial permitting milestone in Niger
(Kitco News) – Global Atomic (TSX: GLO) announced yesterday that the Presidential Decree granting the mining permit has been approved by the Council of Ministers for the company’s Dasa uranium project in Niger.