Expansion project at Equinox Gold’s Los Filos gets greenlight
(Kitco News) – Equinox Gold (TSX: EQX, NYSE American: EQX) said Monday it is commencing the Bermejal underground mine development, one of the three planned expansion projects at the Los Filos Mine in Mexico. Higher grade ore from the Bermejal undergrou…
Read moreYamana Gold invests C$21M to accelerate Ascot’s Premier project
(Kitco News) – Ascot Resources (TSX: AOT; OTCQX: AOTVF) announced Monday that Yamana Gold has agreed to purchase 24,000,000 common shares of the company at an issue price of $0.86 per share for the total of C$20,640,000.
Read moreAmerigo reports strong Q1 2021 production results in Chile
(Kitco News) – Amerigo Resources (TSX: ARG; ARREF:OTC) reported today that the Minera Valle Central (“MVC”), the company’s 100% owned operation located near Rancagua, Chile, produced 15.5 million pounds of copper at a cash cost of $1.89 per pound and 0.4 million pounds of molybdenum in Q1 2021.
East Africa says its local partner commences tailings operations in Tanzania
(Kitco News) – East Africa Metals (TSXV: EAM) announced that its Tanzanian partner, PMM Mining (“PMM”), has begun tailings re-processing operations on schedule.
Read moreRussian mining giant Nornickel resumed production at flooded mine
(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 Monday that the company has resumed production at the Oktyabrsky mine after successfully dealing w…
Read moreFortuna Silver increases production of all metals in Q1 2021; gold output skyrockets 242%
(Kitco News) – Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported today that the company produced 1,913,755 ounces of silver in Q1 2021, a 5 percent increase over Q1 2020.
Read moreJaguar Mining’s Q1 2021 production dropped over COVID-19 emergency in Brazil
(Kitco News) – Jaguar Mining (TSX: JAG, OTCQX:JAGGF) today announced that the company’s consolidated gold production decreased 14% to 18,161 ounces in Q1 2021 compared to 21,008 ounces in Q1 2020. Grade also decreased to 3.10 g/t in Q1 2021 compared to 4.15 g/t in Q1 2020.
Gold, silver set back as chart-based sellers step in
(Kitco News) – Gold and silver prices are lower in midday U.S. trading Monday, as the shorter-term futures traders are again pressing the short side of the markets to start the trading week, amid a lack of fresh, markets-moving fundamental news.
Read moreSilver will outperform gold as inflation and economy pick up – Heraeus Precious Metals
(Kitco News) – Despite its dismal performance, silver remains the precious metals to watch. It could outperform gold as the global economy sees a robust recovery, according to one precious metals firm.
Read morePath towards $1,800: Gold price ‘not reflecting risks of high inflation’ – Standard Chartered
(Kitco News) – Higher inflation expectations have not been fully priced in by the gold market yet, according to Standard Chartered, which sees upside potential for the precious metal in Q2 and Q3.
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