No one’s in the mood to buy gold jewelry – China Gold Association
(Kitco News) – The bad news continues to pile up within China’s gold market; jewelry demand is expected to take a hit as a result of growing fears surrounding the coronavirus.
Polyus produces 16% more gold in 2019, adds to capex
(Kitco News) – Polyus gold production was up 16% to 2.84 million ounces in 2019 compared to the year prior.
Read moreGold Fields forecasts more production, higher costs in 2020
(Kitco News) – South African-based Gold Fields (JSE: GFI) said today it produced 2.195 million ounces of attributable ounces of gold in 2019 at an all-in-sustaining cost of $897 ounce.
Read morePebble inches closer, Northern Dynasty trades up 10%
(Kitco News) – A future Pebble mine can “…co-exist with the fisheries and water resources of Bristol Bay,” according to a preliminary version of the Final Environmental Impact Statement for southwest Alaska’s Pebble Project.
Read moreGold bulls hanging tough in face of rallying global stock markets
(Kitco News) – Gold prices are slightly up in midday U.S. futures trading Wednesday. This week sees the global marketplace upbeat, as traders and investors at present are reckoning the worst of the coronavirus outbreak has passed.
Read morePalladium deficit expected to widen in 2020 – Johnson Matthey
(Kitco News) – The palladium market was in a supply/demand deficit of more than 1 million ounces in 2019, and the shortage is expected to be even worse in 2020, said Johnson Matthey Wednesday in a report on the platinum group metals.
Read moreProducers to seek gold ounces through more exploration spending, deal-making
(Kitco News) – Acquisitions are likely to continue in the gold-mining sector during 2020, and producers are also likely to hike exploration spending to make up for the cutbacks during the earlier part of the last decade, analysts and fund managers said.
Read moreSilver price can regain its luster, push back above $18 – Silver Institute
(Kitco News) – The silver market is struggling to attract buying momentum but one precious-metal advocacy group remains optimist that prices will bounce back and push back above $18 an ounce.
Read morePretium Resources reports higher profit, launches CEO search
(Kitco News) – Pretium Resources Inc. (TSX, NYSE: PVG), which has been operating the Brucejack Mine in British Columbia since 2018, Wednesday announced a higher adjusted profit in the third quarter and a search for a new chief executive officer.
Read moreBarrick Gold 4Q earnings top estimates; dividend hiked
(Kitco News) – Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) reported a higher fourth-quarter adjusted profit that beat analysts’ estimates Wednesday and also announced a dividend hike and an increase in gold reserves.