Look for quick rebound in gold and miners once COVID-19 crisis passes – CIBC
(Kitco News) – A continued uptrend in gold prices and healthy balance sheets will help mining companies weather the economic storm created by the spreading coronavirus, according to market analysts.
Read moreMongolian miners commences gold production
(Kitco News) – Steppe Gold (TSX:STGO) said Wednesday that it had mined, crushed and stacked approximately 533,000t of gold ore at a grade of 2.0g/t gold.
Read moreSolGold reduces site work in Ecuador due to COVID-19 concerns
(Kitco News) – Due to COVID-19 concerns, SolGold (TSE:SOLG) said Wednesday it has reduced operations throughout Ecuador.
Read moreCentamin postpones publishing annual results
(Kitco News) – Due to a moratorium placed on the publication of financial statements for a minimum of two weeks, Egyptian miner Centamin (LSE:CEY) said Wednesday that it won’t be releasing its financial results until it gets the all-clear from financia…
Read moreGolden Triangle company reconsiders this year’s exploration program
(Kitco News) – Seabridge Gold (TSX:SEA) said Wednesday it is evaluating “whether or not it makes sense” to proceed with this year’s exploration programs.
Read moreGolden Triangle company reconsiders this year’s exploration program
(Kitco News) – Seabridge Gold (TSX:SEA) said Wednesday it is evaluating “whether or not it makes sense” to proceed with this year’s exploration programs.
Read moreGold backs down as U.S. stock market rallies
(Kitco News) – Gold prices are trading solidly down in midday U.S. trading Wednesday, as the yellow metal is feeling the pressure of a strong two-day rally in the U.S. stock market, at least as of this writing.
Read moreRobert Kiyosaki says self-isolation is making people realize they got “screwed” by system
(Kitco News) – The market crashes from the pandemic has shown that some assets are “fake” said best-selling author Robert Kiyosaki, as “manipulated” assets are finally showing the American public how corrupt the capitalist system is.
PGM prices benefit from South African shutdowns, but gains may be limited
(Kitco News) – Platinum and palladium are currently benefiting from mine shutdowns in South Africa as part of the global effort to halt the COVID-19 outbreak, but a more meaningful price recovery may not occur until the global economy recovers, some an…
Read moreNew threat to higher gold prices: COVID-19’s ‘deflationary spiral’ – Capital Economics
(Kitco News) – Gold prices saw an impressive recovery on Tuesday, nearing $1,700 an ounce on increased demand and a stock market recovery.
Read more