Newmont withdraws 2020 guidance, suspends some mining due to COVID-19
(Kitco News) – Newmont Corp. (NYSE: NEM, TSX: NGT), the world’s largest gold-mining company, is putting four mines on “care and maintenance” and withdrawing its 2020 production guidance as a result of the COVID-19 outbreak around the world, the company announced Monday.
Endeavour strikes deal to acquire SEMAFO in C$1 billion transaction
(Kitco News) – Endeavour Mining Corp. (TSX: EDV) will acquire SEMAFO Inc. (TSX, OMX: SMF) in a friendly takeover valued at C$1 billion, the companies announced Monday.
Read moreGold price jumps as Fed announces open-ended QE
(Kitco News) – The gold market appears to be finally reacting to massive central-bank liquidity after the Federal Reserve made is third emergency announcement in as many weeks.
Read moreNewmont withdraws 2020 guidance, suspends some mining due to COVID-19
(Kitco News) – Newmont Corp. (NYSE: NEM, TSX: NGT), the world’s largest gold-mining company, is putting four mines on “care and maintenance” and withdrawing its 2020 production guidance as a result of the COVID-19 outbreak around the world, the company announced Monday.
Gold prices soar after very aggressive Fed stimulus expansion
(Kitco News) – Gold and silver prices are trading sharply up in early U.S. trading Monday. Prices shot from modestly higher levels overnight to sharp gains following an announcement from the Federal Reserve that the U.S. central bank will very aggressi…
Read moreBannockburn: 200-day average key chart point for gold prices
(Kitco News) – A key for gold prices on the technical charts will be whether the metal can close back above the 200-day moving average just over $1,500 an ounce, said Bannockburn Global Forex.
Read moreCommerzbank: gold has not lost its safe-haven status
(Kitco News) – Gold has been hurt by ‘forced selling’ by investors needing cash due to weakness in equities and other markets, but that does not mean the precious metal has lost its safe-haven status.
Read moreFXTM: ‘scariest scenario is that it turns into a credit crisis’
(Kitco News) – Economic forecasts are becoming gloomier as a result of the COVID-19 outbreak, and there is the potential for a credit crisis as well due to high debt levels, said Hussein Sayed.
Read moreBitcoin daily chart alert – Bulls make good recovery, working on price uptrend – Mar. 23
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Monday.
Read moreOrocobre suspends operations
(Kitco News) – Orocobre said that Olaroz currently holds sufficient stock to meet customer orders until the end of April depending upon the recommencement of operations by customers in Asia and Europe. Supply to customers will remain dependent upon the…
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