Fresnillo shares fall after Q1 production update
(Kitco News) – Fresnillo (FRES:LSE) has released its latest Q1 Output Update. Gold output rose to hit 228,200/oz, this was 5.9% higher on the quarter. However, silver production fell 2.4% to reach 12.6M/oz for Q1.
Read moreGold and silver trade lower leading into the European open
(Kitco News) – Gold and silver have moved lower in the Asian session leading into the European open. The yellow metal is neatly half a percent lower trading at $1768/oz while silver has lost around 1.22% to trade just under $26/oz.
Read moreThe business of royalty-and-streaming is set to grow – McKinsey
(Kitco News) – >Streaming and royalty companies have a strong geographic focus with 50% of their deals associated with just four countries: Canada, Mexico, Peru, and the United States. McKinsey said streaming and royalty companies favor areas where there is an established mining tradition and strong legal frameworks.
GR Engineering acquires Mipac for $21.4 million
(Kitco News) – Mipac is forecasting FY21 revenues of about $25 million. The company has about 85 employees.
Read moreSandfire Resources anticipates mining license for its US$259 million African project
(Kitco News) – The company is also advancing an African project, the T3 (Motheo) Copper-Silver Project. Sandfire describes T3 Project as a significant sediment-hosted copper and silver deposit located in the underexplored Kalahari Copper Belt in Botswa…
Read moreAustralia’s IGO reports production setback in March quarter 2021
(Kitco News) – Gold production at Tropicana mine was 26% lower at 82,393oz for the quarter.
Read moreCapstone reports 35% copper production increase in Q1 2021, becomes debt free
(Kitco News) – Capstone’s Q1 2021 production totaled 47.8 million pounds of copper and was 35% higher than Q1 2020.
Read moreFirst Quantum delivers strong operational and financial results – Q1 2021 report
(Kitco News) – First Quantum’s total copper production was 205,064 tonnes in Q1 2021, an increase of 5% from Q1 2020 as a result of record production at Cobre Panama and consistent production in Zambia.
Read moreRussia accelerates its de-dollarization policy, chooses to settle exports in euro over dollar
(Kitco News) – Russian efforts to ditch the U.S. dollar are ramping up as the share of Russian exports sold in U.S. dollars have tumbled below 50% in Q4 2020 for the very first time, Bloomberg reported citing the country’s central bank data.
Read moreMonument commences gold flotation plant work at Selinsing
(Kitco News) – Monument Mining (TSX-V: MMY) announced commencement of the phase 1 Selinsing Sulphide gold project by adding a flotation plant to the existing processing plant, which will produce marketable gold concentrates from the sulphide ore at Sel…
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