Is the U.S. economy back on track?
(Kitco News) – The U.S. economy created 2.5 million jobs in May, significantly beating economist forecasts for losses of more than 7 million jobs.
Read morePure Gold to drill 30,000 meters
(Kitco News) – Pure Gold Mining said Thursday it plans to drill over 30,000 meters at its Red Lake Mine in Red Lake, Ontario, Canada.
Read moreSolGold raises US$32.6 million
(Kitco News) – Ecuador (TSX:SOLG) focused SolGold said Thursday its placement raised US$32.6 million for the company.
Read moreIMPACT Silver announces restart
(Kitco News) – IMPACT Silver (CVE:IPT) said earlier this week that its Royal Mines of Zacualpan Silver District in Mexico has restarted per the Mexican government decree.
Read morePlanned $150M capex at KAZ Minerals remains in place
(Kitco News) – After a slowdown due to COVID-19, KAZ Minerals said its capital expenditure guidance of $150 million for 2020 remains in place for “one of the world’s largest undeveloped copper assets.”
Caledonia Mining applies for TSX delisting
(Kitco News) – Caledonia Mining (NYSE:CMCL) said it will drop trading on the Toronto Stock Exchange due to cost and low-trading activity, the company said Friday.
Read moreBoliden tallies fire damage at $21.78 million
(Kitco News) – Boliden said Thursday that damage from a fire in late May is estimated to cost the Nordic miner SEK 200 million (US$21.78 million).
Read moreJewelry sales are bouncing back: ALROSA
(Kitco News) – Russian diamond giant, ALROSA, said Friday that Q1 revenue was RUB 63 bn (US$920 million), a 3% quarter-on-quarter decline amid a 14% decline in the average realised price of its product.
Read moreWall St. mixed on gold prices; Main St. remains bullish
(Kitco News) – Wall Street is mixed on the direction of gold prices next week, although Main Street remains bullish, according to the weekly Kitco News gold survey.
Read moreWalsh’s Lusk: gold eases on ‘run out of safe havens’ after jobs report
(Kitco News) – Gold futures fell to their lowest level in roughly six weeks after the monthly U.S. jobs report showed that nonfarm payrolls rose by 2.5 million jobs in May as Americans started returning to work after COVID-19 lockdowns.
Read more