CME resolving physical gold squeeze with delivery of 100-ounce, 400-ounce and 1-kg bars
(Kitco News) – Increasing pressure from market players and significant liquidity issues in the gold market are prompting CME Group to make some changes in how it delivers its physical gold.
Read moreCME resolving physical gold squeeze with delivery of 100-ounce, 400-ounce and 1-kg bars
(Kitco News) – Increasing pressure from market players and significant liquidity issues in the gold market are prompting CME Group to make some changes in how it delivers its physical gold.
Read moreHalf of Agnico Eagle’s production is now under care and maintenance
(Kitco News) – Exploration activities in Canada will also be suspended during this period.
Read moreFortuna reports illegal road blockades affecting its San Jose Mine in Oaxaca
(Kitco News) – As a result of the illegal blockade, the company said it has temporarily halted mining and processing operations at the San Jose Mine. It maintains a taskforce on site to oversee critical activities to support the appropriate safety and …
Read morePalladium One suspends exploration program
(Kitco News) – The company said its exploration program will conclude having completed the full 75-line kilometers of Induced Polarization (IP) and 385-line kilometers of drone Magnetic geophysical surveys, and approximately 2,000-meters of the planned…
Read moreU.S. Fed tells banks to still submit stress test capital plans
(Kitco News) – The Fed is currently scheduled to assess the capital plans for 34 large banks, with results published on June 30.
Read moreAdrian Day: ‘I’m very bullish on gold’ prices
(Kitco News) – Gold should benefit not only from loose monetary policy but the likelihood that interest rates will remain low for a long time even when the economy starts to recover, said Adrian Day, chairman and chief executive officer of Adrian Day A…
Read moreGold miners should be able to weather coronavirus storm – Gabelli Gold Fund
(Kitco News) – Like the rest of the world precious metals mining sector has not proven itself susceptible to the impact of the COVID-19 global pandemic; however, companies still look resilient as the virus takes its toll on the global economy, accordin…
Read moreGet ready for $2,500 gold price this summer — B. Riley FBR
(Kitco News) – Massive gold price revisions are hitting the market this week as analysts estimate the impact of the COVID-19 crisis, with one investment bank upping its Q3 and Q4 gold price forecasts to an impressive $2,500 an ounce.
Read moreFirst Quantum cuts senior staff salary by 20%
(Kitco News) – Copper producer First Quantum (TSE:FM) said Tuesday it is temporarily reducing the salary of certain senior staff, including the CEO, by 20%.
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