Newmont aligns its climate targets with science in its first climate strategy report
(Kitco News) – Newmont (NYSE: NEM, TSX: NGT) reported Wednesday that it has launched its inaugural Climate Strategy Report, prepared in accordance with the Task Force on Climate-related Financial Disclosures.
Read moreGold price can still reach $1,900 by year-end but will struggle as inflation, interest rates rise – Credit Suisse
(Kitco News) – Despite gold’s dramatic drop through critical support levels, one bank sees potential for prices to push back to $1,900 an ounce by the end of the year. However, the precious metal will have to contend with higher inflation and interest …
Read moreAnglo American reports diamond sales increase on strong demand
(Kitco News) – Anglo American today announces that the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ fifth sales cycle of 2021 amounted to $470 million, compared to $385 million sales in fourth sales cycle.
Read moreFreeport-McMoRan declares quarterly cash dividend on common stock
(Kitco News) – Freeport-McMoRan (NYSE: FCX), a major global copper producer, announced today that its Board of Directors (“Board”) declared a cash dividend of $0.075 per share on FCX’s common stock payable on August 2, 2021, to stockholders of record as of July 15, 2021.
Gold, silver see routine corrective bounces at mid-week
(Kitco News) – Gold and silver prices are moderately up in midday U.S. trading Wednesday as the metals are seeing corrective rebounds from recent strong selling pressure.
Read moreAnaconda delivers robust PEA for its Goldboro gold project in Nova Scotia
(Kitco News) – Anaconda Mining (TSX:ANX) today reported positive results of the preliminary economic assessment (“PEA”) prepared for its 100% owned Goldboro gold project, located in Nova Scotia, Canada.
Read moreSigma breaks ground at Grota do Cirilo lithium project in Brazil
(Kitco News) – Sigma Lithium Resources (TSX-V: SGMA) announced today that it has initiated significant earthworks activities at the company’s wholly-owned Grota do Cirilo hard rock lithium project in Brazil. The company said it “broke ground” with topsoil removal, clearing and grubbing in the site area (plant and mine).
BIS backs central bank digital currencies: Their time ‘has come’
(Kitco News) – The Bank for International Settlements (BIS) came out in full support of the development of the central bank digital currencies (CBDCs), stating in its new report that their time “has come.”
Read moreAll-time highs are off the table for gold price this year and it’s the Fed’s fault – DailyFX
(Kitco News) – The gold market has managed to find some support and appears to be making a run back towards $1,800 an ounce. However, one market analyst warns that the Federal Reserve has done a lot of damage to the precious metal, and new all-time hig…
Read morePolyus says its gold production to decline in 2021, expects investment decision on Sukhoi Log in 2022
(Kitco News) – Polyus (LSE, MOEX — PLZL), the largest gold producer in Russia and fourth-largest gold mining company by production globally, today reiterated its production target for 2021 at ca. 2.7 million ounces of gold, which is 3% less compared to 2020 (2.77 million ounces).
