Kinross: strike suspended at Tasiast gold mine
(Kitco News) – A strike by unionized workers at Kinross Gold Corp.’s (TSX: K; NYSE: KGC) Tasiast mine has been suspended at the request of the government of Mauritania, the company announced Friday.
Golden Star reports COVID-19 impact at Prestea; guidance maintained
(Kitco News) – Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) says there will be some impact on output at its Prestea mining operation in Ghana since around 60 workers are being quarantined after a second member tested positive for…
Read moreGold prices up on safe-haven bid amid rising China tensions
(Kitco News) – Gold and silver prices are trading higher in early U.S. dealings Friday, on safe-haven buying after fresh developments in China have sapped investor and trader risk appetite heading into a long U.S. holiday weekend.
Read moreBMO: ETF holdings of gold, silver keep rising
(Kitco News) – Holdings of gold and silver by global exchange-traded funds are continuing to rise, said BMO Capital Markets. The ETFs trade like a stock but track the price of the commodity
Read moreCommerzbank: Hong Kong worries underpin gold prices
(Kitco News) – Gold prices are stronger early Friday, underpinned news of a Chinese proposal to impose national security laws in Hong Kong, said Commerzbank. The metal is bouncing back after a sell-off on Thursday.
Read moreBitcoin daily chart alert – Bulls fade a bit, need to step up – May 22
(Kitco News) – Bitcoin-U.S. dollar prices are near steady Friday after seeing a corrective pullback and some chart consolidation from recent gains.
Read moreSilvercorp quarterly revenue, profit decline after output hit by COVID-19 shutdowns
(Kitco News) – Silvercorp is a Canadian company producing silver, lead and zinc from mines in China, where the pandemic began and the first country to institute shutdowns. Silvercorp recently agreed to acquire Guyana Goldfields Inc. (TSX: GUY).
Read moreAngloGold Ashanti purchases Nevada silicon project
(Kitco News) – AngloGold will acquire 100% interest in the project by paying RenGold a total of $3 million within 36 months.
Read moreMelkior Resources partners with Kirkland Lake Gold
(Kitco News) – Kirkland also acquired an option on Melkior’s Carscallen Property, located 25 kms west of Timmins.
Read more‘Extreme volatility’ ahead for gold: Next 10 years to see ‘never really imagined’ price levels — Digix co-founder
(Kitco News) – There is a lot of volatility ahead for gold, whether it be this year or this decade, with new investors embracing the precious metal in its traditional or digital forms, according to Digix co-founder and COO Shaun Djie.
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