Gold Mountain expects first revenue from its Elk Gold mine this November
(Kitco News) – Gold Mountain said it is on schedule for ore delivery in October and revenue in November 2021.
Read moreSchlumberger partners with Panasonic on new battery-grade lithium production process
(Kitco News) – Schlumberger New Energy and Panasonic Energy of North America announced today that they have entered into a collaboration agreement for the validation and optimization of the innovative and sustainable lithium extraction and production p…
Read moreGold, silver slightly up; traders looking for a catalyst
(Kitco News) – Gold and silver prices are a bit higher in midday U.S. trading Thursday, near and hitting daily highs just after midday. Some more profit taking from the shorter-term futures traders was featured again today.
Read moreCommodity trading giant Trafigura reports fourfold half year net profit increase
(Kitco News) – Trafigura Group, one of the world’s leading independent commodity trading companies, reported Thursday that for the six-month period ended 31 March 2021, the company’s revenue rose 19 percent to USD98.4 billion from the first half of 2020 as a result of increased traded volumes and higher commodity prices.
Gold price at ‘steep discount’ vs. crude oil: $2,000 gold will be breached – Bloomberg Intelligence
(Kitco News) – Gold is re-starting its bull rally, with the precious metal currently trading at a “steep discount” to crude oil, according to Bloomberg Intelligence.
Read moreDynacor expects to beat 2021 guidance on strong gold sales
(Kitco News) – Dynacor Gold Mines (TSX-DNG), an international gold ore industrial corporation servicing artisanal and small-scale miners, today announced US$15.7 million in sales for May 2021 and cumulative 2021 sales of US$69.1 million. May was the co…
Read moreGold price has room to move higher, but investors need to be tactical as inflation pressures won’t last – Invesco
(Kitco News) – Although the looming inflation threat is not expected to be permanent, one fund manager said that there is still an argument to be made to have a tactical investment in precious metals for the next six to 12 months.
Read moreLeading Edge delivers positive PEA for its Woxna graphite project in Sweden
(Kitco News) – Leading Edge Materials (TSXV: LEM) today announced positive results of a preliminary economic assessment (“PEA”) for the development of its 100%-owned Woxna graphite mine and vertically integrated anode material production located in Swe…
Read moreBarrick says its return to shareholders is ‘one of the highest in the industry’ for 2021
(Kitco News) – Barrick Gold (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the first $250 million tranche of a return of capital distribution totalling $750 million to be paid on June 15, 2021 will be $0.1405117, based on the number …
Read moreECB’s Lagarde says its too early to talk about PEPP exit
(Kitco News) – ECB’s Lagarde has kicked off her press conference with a statement about how the ECB feel the state of the economy is performing at the moment.
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