Yields hit 14-month high; markets could ‘break’ at this next level – Lobo Tiggre
(Kitco News) – The 10-year yield rose to 14-month highs on Thursday at 1.75%, erasing the gains in gold price yesterday following the Federal Reserve’s statements.
Read morePremier Gold’s subsidiary i-80 closes C$80M financing to execute its own business strategy
(Kitco News) – Premier Gold Mines (TSX:PG) (OTCPK: PIRGF) announced today that its wholly-owned subsidiary, i-80 Gold has closed its previously announced private placement offering for aggregate gross proceeds of approximately C$80.4 million.
Read moreFirst Majestic renews share repurchase program
(Kitco News) – First Majestic Silver announced today that it has received regulatory consent to extend its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (“TSX”) o…
Read moreEndeavour Mining posts record production, reduces net debt $603M in 2020
(Kitco News) – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) today reported that its 2020 consolidated production from all operations amounted to a record 908koz, an increase of 258koz or 40% over 2019 as the addition of Mana and Boungou in the second half …
Read moreGold, silver gain on follow-through strength from good gains Wed.
(Kitco News) – Gold and silver prices are moderately up in choppy, two-sided U.S. trading Thursday, and are hanging on to the good gains posted Wednesday in the wake of a dovish U.S. central bank stance reiterated Wednesday afternoon.
Read moreBarrick sees ‘enormous’ geological potential in Nevada
(Kitco News) – Today, Barrick Gold (NYSE:GOLD)(TSX:ABX) revealed that an intensive strategic review by executive teams from Barrick and Nevada Gold Mines (NGM) has confirmed the enormous geological prospectivity of the NGM properties and outlined the k…
Read moreCenterra says recent tax claims from Kyrgyzstan ‘without merit’
(Kitco News) – Today, Centerra Gold (TSX: CG) commented on tax claims received by its Kyrgyz Republic subsidiary, Kumtor Gold Company (“KGC”), from the Kyrgyz Republic State Tax Service.
Read moreGold price likes a patient Federal Reserve, just not the relaxed outlook on bond yields
(Kitco News) – The gold market doesn’t have to fear the Federal Reserve as the central bank Wednesday signaled that it would be in no hurry to raise interest rates before 2024.
Read moreYou have to be in gold, silver, platinum and palladium – Mark Mobius
(Kitco News) – Even if bond yields have room to move to 2%, investors should continue to hold precious metals as a long-term investment, according to one billionaire investor.
Read moreThe Bank of England stand pat on rates and QE
(Kitco News) – As expect interest rates and QE remained unchanged. The vote between the MPC members was unanimous as all 9 members decided it was best to hold fire. Haldane did strike a hawkish tone after the meeting as he said he thinks a rapid recove…
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