Russian central bank asked to resume gold purchases to help miners
(Kitco News) – Russian banks are asking the nation’s central bank to restart its official gold purchases that were halted on April 1, citing concerns over gold exports amid disruptions in the transportation industry due to the COVID-19 outbreak.
‘Take that, you gold bashers!’; gold strongest commodity in 1Q – Adrian Day
(Kitco News) – Gold far outperformed other commodities during the first quarter despite selling to generate cash once the collapse began in the stock market, and the metal is poise to rise even further, said Adrian Day, chairman and chief executive off…
Read moreGold is cheap; prices to hit $5,000 in medium-term, says economist
(Kitco News) – Gold prices could climb to $5,000 in a few years, this according to John Butler, author of “The Golden Revolution.”
Coeur ramping down Palmarejo mine due to COVID-19; U.S. operations continue
(Kitco News) – Coeur Mining, Inc. (NYSE: CDE) is ramping down operations at its Palmarejo gold-silver complex in Mexico, but all of its mines in the U.S. are still operating, the company announced Tuesday.
Read moreCoeur ramping down Palmarejo mine due to COVID-19; U.S. operations continue
(Kitco News) – Coeur Mining, Inc. (NYSE: CDE) is ramping down operations at its Palmarejo gold-silver complex in Mexico, but all of its mines in the U.S. are still operating, the company announced Tuesday.
Read moreHecla: 1Q output goes as planned; 2020 guidance withdrawn
(Kitco News) – First-quarter production met Hecla Mining Co.’s (NYSE: HL) expectations, but officials are withdrawing 2020 output and cost guidance due to uncertainty tied to the COVID-19 pandemic, the company reported Tuesday.
Hecla: 1Q output goes as planned; 2020 guidance withdrawn
(Kitco News) – First-quarter production met Hecla Mining Co.’s (NYSE: HL) expectations, but officials are withdrawing 2020 output and cost guidance due to uncertainty tied to the COVID-19 pandemic, the company reported Tuesday.
Commerzbank: gold-silver ratio below 110; silver still ‘considerably undervalued’
(Kitco News) – The gold-silver ratio is at 109, having fallen below the 110 level for the first time in a few weeks as silver gains ground on the yellow metal
Read moreCommerzbank: gold-silver ratio below 110; silver still ‘considerably undervalued’
(Kitco News) – The gold-silver ratio is at 109, having fallen below the 110 level for the first time in a few weeks as silver gains ground on the yellow metal
Read moreGold prices power to 7.5-year high; more upside likely
(Kitco News) – Gold prices are trading up in early U.S. trading Tuesday after spiking to a 7.5-year high of $1,742.60 an ounce in overnight trading, basis June Comex futures.
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