Australian gold miner Newcrest lowers costs, on track to achieve annual guidance
(Kitco News) – Newcrest’s AISC for the March quarter of $891/oz was $72/oz lower than the prior period.
Sherritt reports strong nickel and cobalt production in Q1 2021
(Kitco News) – The company said that the growth was largely attributable to high inventories of mixed sulphides at the refinery in Fort Saskatchewan, Alberta.
Read moreLundin says all mines on track to achieve or exceed annual guidance
(Kitco News) – The company said that its annual nickel production guidance has been increased, reflecting excellent first quarter 2021 results from Eagle.
Read moreCanadian mines helped Alamos Gold to beat Q1 production guidance
(Kitco News) – Alamos Gold’s Q1 2021 production of 125,800 ounces exceeded quarterly guidance and was 14% higher compared to Q1 2020.
Read moreYamana touts outstanding Canadian Malartic performance in Q1, ups dividend
(Kitco News) – Canadian Malartic mine had an exceptional first quarter, producing 89,550 ounces of gold, which exceeded plan and greatly (by 38%) exceeded the comparative period in 2020.
Read moreGold price at daily highs as Powell says ‘too early’ to taper, reaffirms inflation is ‘transitory’
(Kitco News) – The gold market has turned things around with prices rising to daily highs as Federal Reserve Chair Jerome Powell stated that one great jobs report does not mean it is time to start talking about tapering.
Read moreNew conveying and stacking system to raise production profile at Florida Canyon gold mine
(Kitco News) – Argonaut Gold (TSX: AR) announced today that it has received all necessary regulatory approvals, including a modification to the existing Air Quality permit, to allow for the construction, installation and operation of a new conveying an…
Read moreEpiroc’s orders are up, but profit falls
(Kitco News) – Mining equipment supplier Epiroc said today its operating profit decreased 3% to MSEK 1,867 (US$223.2 million) compared to a year prior. The company said accounting adjustments were partly to blame.
Read moreRussian diamond giant ALROSA recommends all-time high dividend
(Kitco News) – Russia’s ALROSA, the leader of the world’s diamond mining industry, reported Wednesday that its supervisory board recommended allocating all-time high half-year dividends for H2 2020 amounting to RUB 70.3 bn (~$942 million), or RUB 9.54 …
Read moreGold, silver pull back on profit taking; no reaction to FOMC statement
(Kitco News) – Gold and silver prices are moderately lower in midday U.S. trading Wednesday but up from daily lows, as some profit taking from the shorter-term futures traders was featured after recent gains.
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