Russian diamond miner ALROSA auctions exceptional 242-carat diamond
(Kitco News) – Russian diamond mining company ALROSA, the leader of the world’s diamond mining industry, today announced that in honor of the 100th auction of large diamonds, the company is putting up for auction one of the largest gem-quality crystals mined by the group since 2000.
Excellon net loss widens in 2020; suspensions impacted operations in Mexico
(Kitco News) – Excellon Resources (TSX:EXN, EXN.WT, NYSE:EXN, and FRA:E4X2) reported today that the company’s revenues of $26.2 million (2019 – $26.5 million) in 2020 were impacted by the temporary suspension mandated by the Government of Mexico in response to the COVID-19 pandemic in Q2 2020.
Endeavour Silver to sell El Cubo mine to VanGold Mining
(Kitco News) – Endeavour Silver (TSX: EDR, NYSE: EXK) announced Wednesday that it has signed a definitive agreement to sell the El Cubo mine in Guanajuato, Mexico, to VanGold Mining for $15 million in cash and share payments plus up to $3 million in co…
Read morePalladium attracting new attention as prices test $2,500 on Nornickel supply issues
(Kitco News) – High-flying palladium is back in the spotlight again, and one bank sees the potential for a new breakout as the market faces a deeper supply deficit in 2021.
Read moreGold price under pressure ignores 10% decline in U.S. housing construction
(Kitco News) – The gold market is holding above $1,700 an ounce but remains under pressure even as construction in the housing sector slows for the second consecutive month.
Deutsche Bank think gold has space to move lower
(Kitco News) – German investment bank Deutsche Bank have said they see further weakness to come for the yellow metal. In their latest note strategists forecast that the gold price could move as low as $1500/oz.
Read morePrice pressure on gold, silver ahead of FOMC conclusion
(Kitco News) – Gold and silver prices are moderately lower in early U.S. trading Wednesday, and are being pressured by bearish outside markets that include a firmer U.S. dollar index and weaker crude oil prices. Rising U.S. Treasury bond yields at mid-…
Read moreBitcoin daily chart alert – Price uptrend remains firmly in place – Mar. 17
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Wednesday, on a normal corrective pullback after hitting a new record high last weekend.
Read moreFerrexpo declares special dividend as trading remains positive
(Kitco News) – (Kitco News) – UK listed miner Ferrexpo (FXPO:LSE) reported a 13% improvement in revenue in 2020 on Wednesday, to $1.7bn. The firm has a market cap of around £2bln and despite the announcement, shares are flat this morning.
Gold and silver move marginally higher heading into the EU open
(Kitco News) – Gold has moved 0.20% higher again leading into the EU session and traded at $1734.65/oz. Silver is also up but only marginally as it flirts with the $26/oz figure.
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