Peru’s Nexa reports strong operational and financial results in first quarter
(Kitco News) – Nexa’s adjusted EBITDA was US$180 million in 1Q21 compared with US$44 million in 1Q20 and US$167 million in 4Q20.
Read moreEldorado Gold boosts cash flow as production slides in first quarter
(Kitco News) – Eldorado produced 111,742 ounces of gold in Q1 2021, a 4% decrease from 115,950 ounces produced in Q1 2020.
Read moreMints are running out of gold; not enough physical silver to cover paper – former U.S. Mint Director
(Kitco News) – A global shortage of physical gold and silver products has created a premium on coins and bars, and this premium is causing a disconnect between the spot price and the “true” price that retail investors need to pay, said Ed Moy, former director of the U.S. Mint.
KAZ Minerals reports copper production decline in Q1 2021
(Kitco News) – Kazakhstan-based KAZ Minerals reported Thursday that the group’s copper production in Q1 2021 was 72.4 kt, a 3% decline compared to Q1 2020 (74.9 kt), and on track to achieve annual guidance of 275-295 kt.
Gold price at $2,300 if not for bitcoin – Bloomberg Intelligence
(Kitco News) – Technological innovation is benefiting many metals but not gold, said Bloomberg Intelligence, advising to pair gold with bitcoin in a portfolio.
Read moreCoeur ups gold output in Q1 2021, silver down 11%
(Kitco News) – Coeur Mining (NYSE: CDE) reported Wednesday that the company’s Q1 2021 gold production of 85,225 ounces exceeded expectations for the quarter, tracking well towards its full-year guidance range.
Read moreU.S. Department of Energy funds First Cobalt
(Kitco News) – First Cobalt (TSX-V: FCC; OTCQX: FTSSF) said Wednesday that it was awarded funding by an arm of the U.S. Department of Energy.
Read moreConstruction segment was the real star in Caterpillar’s Q1
(Kitco News) – Caterpillar (NYSE: CAT) announced Thursday first-quarter sales and revenues of $11.9 billion, a 12% increase compared with $10.6 billion in the first quarter of 2020.
Read moreGrupo Mexico rings in record revenue haul in Q1
(Kitco News) – Mexican copper giant said Thursday that its revenues reached a record $3.43 billion, 40.2% higher than the same quarter a year ago.
Read moreEldorado Gold obtains one of key approvals for Skouries
(Kitco News) – Eldorado Gold announced today that the Greek Ministry of Energy and Environment has approved a modification to the Kassandra Mines Environmental Impact Assessment to allow for the use of dry stack tailings disposal at the Skouries project.
Read more