Legislation introduced to recognize gold, silver as U.S. currency
(Kitco News) – Gold and silver are well established as stores of wealth, but the precious metals face complex challenges when it comes to being recognized as a valid currency. However, one U.S. politician is hoping to change that with new legislation.
Read moreGold price could fall another $100 by year-end as yields rise higher – Capital Economics
(Kitco News) – The pull of rising U.S. yields has a hold on gold, with Capital Economics projecting a year-end price target of $1,600 an ounce for the yellow metal.
Read moreTorex Gold reports it has no remaining long-term debt
(Kitco News) – Torex Gold Resources (TSX: TXG) announced today that the company has repaid early the remaining $40 million of debt in relation to the 2019 debt facility and is now debt free other than approximately $5 million of finance leases.
Read moreTrevali begins trucking ore concentrate in New Brunswick
(Kitco News) – Trevali Mining (TSX: TV) (BVL: TV) (OTCQX: TREVF) announced that the Caribou mine, located 50 kilometres west of Bathurst New Brunswick, Canada, has trucked its first ore concentrate on March 30th, 2021, since announcing the planned rest…
Read moreGold price outlook now ‘even worse’ from stronger USD and higher yields – Jim Wyckoff
(Kitco News) – Treasury yields have risen to a 14-month high, boosting the U.S. dollar, which in turn has put downward pressure on gold.
Read moreGold, silver post solid rebounds on short covering, bargain buying
(Kitco News) – Gold and silver prices are posting good gains in midday U.S. trading Wednesday.
Read moreKirkland Lake eyes 74% production increase at Detour Lake by 2032, envisions 22-year mine life
(Kitco News) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) today announced a new life-of-mine plan (“2021 LOMP”) for its Detour Lake gold mine, located in Canada.
Read moreFirst Majestic reports 16% decline in reserves, adds to resources
(Kitco News) – First Majestic Silver announced today that Proven and Probable Mineral Reserves (“P&P”) at the company’s three producing material assets totaled 62.2 million ounces of silver and 606,000 ounces of gold, or 121.5 million silver equivalent ounces, representing a 16% decrease compared to previous estimates.
Gold prices see little movement following 10.6% decline in U.S. pending home sales
(Kitco News) – The gold market is trying to clawing its way higher even as price remain below $1,700 an ounce as fewer American’s start the process to buy a home, according to the latest report from the National Association of Realtors (NAR).
Gold, silver bulls work on price stabilization at mid-week
(Kitco News) – Gold and silver prices are trading not far from unchanged levels in early U.S. trading Wednesday, after hitting multi-week lows on Tuesday.
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