‘Tell me we have inflation without telling me we have inflation’: Analysts point to ‘skyrocketing’ real estate and commodities prices
(Kitco News) – Is inflation already here, and how can investors gauge the real price pressures? Analysts told Kitco News there are several other indexes aside from the CPI data, which might not reflect the problems that are already here.
Read moreRussian gold giant Polyus recommends $0.7 billion dividend for 2H 2020
(Kitco News) – Russia’s Polyus (LSE, MOEX — PLZL), one of the world’s largest gold mining companies, today announced that its Board recommending the dividends for the second half of 2020 in the amount of 387.15 Russian roubles per ordinary share.
IAMGOLD recalls employees back to Westwood mine
(Kitco News) – IAMGOLD (TSX: IMG) (NYSE: IAG) announced Thursday that it has started a staged recall of employees back to its Westwood mine. Activities are focused on training and rehabilitation work.
Read moreAnaconda posts 49% gold output drop in Q1 2021, cuts annual guidance
(Kitco News) – Anaconda Mining (TSX:ANX)(OTCQX:ANXGF) announced today that the company’s gold production of 2,540 ounces in Q1 2021 was 49% lower than in Q1 2020 (4,997 ounces), predominantly driven by lower mined grade from the initial benches at Argyle and lower mill throughput.
Torex Gold to build solar plant in Mexico
(Kitco News) – Torex Gold Resources (TSX: TXG) announced Thursday that the company has entered into a commercial lease agreement with Scatec, a leading, publicly traded, to build a new 8.5 megawatt solar plant at its Morelos property in Mexico, which i…
Read moreGold outlook remains bearish as prices remain below $1,850 – ABN AMRO
(Kitco News) – The gold market has made some big gains, rallying to within sight of $1,800 an ounce, but according to one bank, the precious metal still has a long way to go before there is a sustainable shift in sentiment.
Read moreChina-controlled MMG reports copper output down, zinc up in Q1 2021
(Kitco News) – MMG reported today that its total copper production of 77,328 tonnes in Q1 2021 was in line with the plan despite being 16% lower compared to the corresponding Q1 2020.
Read moreGold, silver pull back on routine downside corrections
(Kitco News) – Gold and silver prices are lower in midday U.S. trading Thursday, on normal corrective pullbacks and some chart consolidation after recent gains that saw both metals hit multi-week highs on Wednesday.
Read moreGem Diamonds ramps up production in Lesotho
(Kitco News) – Gem Diamonds (LSE: GEMD) announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 (26,110 carats).
Anglo American increases output of copper, iron ore and PGMs in Q1 2021
(Kitco News) – Anglo American, a leading global mining company, reported today that its Q1 2021 copper production increased by 9% to 160,300 tonnes, due to strong operational performance at both Los Bronces and Collahuasi.
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