Gold has the ‘green light’ as inflation heats up analysts look for break above $1,850
(Kitco News) – Analysts are still watching gold’s $1,850 level closely as inflation pressures start to heat. Still, the uncertain economic outlook forces the Federal Reserve to remain patient and maintain its ultra-loose monetary policies.
Read morePay attention because inflation is here
(Kitco News) – If you didn’t think inflation was going to heat up in 2021, then you haven’t been paying attention.
Read moreMajestic to resume gold production in China
(Kitco News) – Majestic said it has received governmental approval to resume operations at its Songjiagou North underground mine in China.
Read moreAustralia’s Firefinch revitalizes Morila gold mine in Mali
(Kitco News) – Firefinch wants to increase Morila’s production profile from current 40,000 ounces of gold to up to 200,000 ounces of gold per annum.
Read moreSouth Africa’s mining industry soars 21% in March
(Kitco News) – The Department of Statistics of South Africa announced yesterday that the domestic mining production increased by 21.3% year-on-year in March 2021.
Read moreGold Mountain expands resources at Elk Gold deposit in B.C.
(Kitco News) – Gold Mountain Mining (TSX.V:GMTN) announced Friday that the company increased its resource estimate for its flagship Elk Gold project, located in British Columbia, Canada, to 651,000 oz of Measured & Indicated resources at 6.1 g/t Au and 159,000 oz of Inferred resources at 4.8 g/t Au.
Unigold grows gold resource at Candelones, adds silver and copper
(Kitco News) – Unigold (TSX.V: UGD) announced Friday an updated mineral resource estimate for the Candelones project, part of the company’s 100% owned Neita concession in the Dominican Republic.
Read moreIs gold being ‘stabilized’ by governments? Why price hasn’t rallied on inflation – Frank Holmes
(Kitco News) – Governments and central banks might have an interest in “stabilizing” gold prices in order to maintain public confidence, which may be an explanation as to why the gold price did not move up on the release of last month’s headline record inflation data said Frank Holmes, CEO of U.S Global Investors.
Gran Colombia reports $118 million net income in Q1 2021
(Kitco News) – Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced that the company’s gold production totaled 49,058 ounces at its Segovia operations in Q1 2021 compared with 50,346 ounces in Q1 2020. The company said it remains on track with its ann…
Read moreVale touts a first with wind-powered ore carriers
(Kitco News) – “Rotor sails are cylindrical rotors, four meters in diameter and 24 meters high – equivalent to a seven-story building. During operation, the rotors rotate at different speeds, depending on the environmental and operational conditions of…
Read more