Southern Copper boosts net income 256% despite production challenges – Q1 2021 report
(Kitco News) – Southern Copper, one of the largest integrated copper producers worldwide, today announced that its copper production slightly decreased by 1.5% in 1Q21 when compared with 1Q20.
Read moreUnigold delivers robust PEA for Candelones oxide project
(Kitco News) – Unigold (TSX-V:UGD) today provided the results from the independent Preliminary Economic Assessment (“PEA”) on its 100% owned Candelones oxide project in the Dominican Republic.
Swedish mining giant Boliden doubles net profit despite production disruptions
(Kitco News) – Sweden-based mining company Boliden (Nasdaq Stockholm: BOL) announced Tuesday that its Q1 2021 free cash flow increased by more than 355%, from -845 million Swedish kronor (-$101 million) in Q1 2020 to 2,165 million kronor ($258 million)…
Read moreGold price zeros on Fed’s Powell comments as markets watch for hints of tapering
(Kitco News) – The gold market is focusing on the Federal Reserve this week with all eyes on the central bank’s Chair Jerome Powell’s press conference on Wednesday afternoon as markets watch for any hints of future tapering.
Read moreOsisko Mining drills 296 g/t gold at Windfall
(Kitco News) – Osisko Mining (OSK:TSX) today released new high-grade results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Gold a bit weaker as USDX rebounds
(Kitco News) – Gold prices are modestly down in midday U.S. trading Tuesday, on some mild profit taking pressure from the shorter-term futures traders, and amid a firmer U.S. dollar index on this day.
Read moreChina Molybdenum reports 125% net profit surge in Q1 2021
(Kitco News) – China Molybdenum, a globally diversified base, precious and rare metals producer, said today that the company was benefiting from the rising prices of copper and cobalt during Q1 2021, and that the company’s performance has been steadily…
Read moreRussian mining giant Nornickel to buy back its shares for $2B
(Kitco News) – Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced Tuesday that its Board approved a buyback of up to 5,382,865 shares of the company.
Read moreMining sector getting back into the rhythm in Q1; expect healthy margins even as prices dropped – Sprott’s Groh
(Kitco News) – The first-quarter earnings season in the mining sector is quickly approaching. Although the gold price had a terrible start to the year, the mining sector is expected to see healthy growth, according to one fund manager.
Read moreBarrick expands Loulo-Gounkoto mine in Mali
(Kitco News) – Barrick Gold reported today that third underground mine at the company’s giant Loulo-Gounkoto gold operation in Mali has reached its first mining level and is scheduled to start delivering ore tonnes to the plant during the current quart…
Read more