First Nation groups ask for Ring of Fire moratorium
(Kitco News) – Ontario’s mines ministry describes the Ring of Fire as “…the most promising mineral development opportunities in Ontario in over a century.” Road-building in the area would make many projects viable, reducing the cost of fuel and const…
Read moreStark 2020 vs 2021 gold price contrast: ‘Tailwinds turning into a headwinds’ – RBC Capital Markets
(Kitco News) – The gold market is seeing a stark contrast between last year’s and this year’s price action as gold’s main drivers are now turning into obstacles, according to RBC Capital Markets commodity strategist Christopher Louney.
Read moreKamoa-Kakula sets new ore production record in March
(Kitco News) – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced today that underground ore production at the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) mined and stockpiled a record 400,000 tonnes of ore grading 5.36% copper …
Read moreAlberta-focused lithium developer E3 Metals receives $1.8M government grant
(Kitco News) – E3 Metals (TSXV: ETMC), an emerging lithium developer and leading direct lithium extraction (“DLE”) technology innovator, today announced the receipt of a government grant totaling $1.8M from Alberta Innovates that will assist in funding…
Read moreHudbay delivers robust PEA for its Mason copper project in Nevada
(Kitco News) – Hudbay Minerals (TSX, NYSE: HBM) today announced positive results of its preliminary economic assessment (“PEA”) for its 100%-owned Mason copper project located in Nevada, United States.
Is the Fed hiding something? Why weekly money supply data just got discontinued – Steve Hanke
(Kitco News) – The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly.
Read moreSwedish miner Boliden restores full production at two mines
(Kitco News) – Sweden-based mining company Boliden reported today that the production capacity at its Aitik and Tara mines is now fully restored after previously announced disruptions due to COVID-19 and breakdowns.
Read moreU.S. Mint sells 412K ounces of gold coins in Q1; best start to the year since 1999
(Kitco News) – The gold price continues to struggle to find momentum but investors are taking advantage of lower prices to load up on the physical metal as the U.S. Mint sees its best start to the year and the best quarterly sales in more than 20 years.
Read moreTelson reports strong operational results in Q1 2021
(Kitco News) – Telson Mining (TSX Venture Exchange-TSN) today announced the preliminary production results for the quarter ended March 31, 2021 of Campo Morado mine located in state of Guerrero, Mexico.
Read moreGold, silver up as USDX weakens, crude oil bounces
(Kitco News) – Gold and silver prices are solidly up in midday U.S. trading Tuesday, boosted by short covering in the futures market and perceived value buying in the cash market.
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