Gold miners generated historic profits in 2020, expect more of the same in 2021 – Metals Focus
(Kitco News) – The gold market may be struggling to attract new investment capital as prices remain caught in a range below $1,750 an ounce. However, one research firm said that if investors are looking for value, they should look at the mining sector.
Read moreGold investors need to stop focusing on irrational 10-year yields – State Street Global Advisors
(Kitco News) – The gold market continues to struggle to find consistent bullish momentum. Still, one gold market analyst said that investors should stop paying attention to the irrational selloff in the bond market and instead focus on long-term fundam…
Read more‘5% in gold, 5% in bitcoin’: Jim Cramer tells investors to drop ‘half of their gold’
(Kitco News) – CNBC’s Jim Cramer just changed his mind on the gold versus bitcoin debate, telling investors that instead of holding 10% of their portfolios in gold, it was time to switch to the 5% gold, 5% bitcoin allocation.
Read moreChina’s Zijin Mining reports up to 140% net profit growth in Q1 2021
(Kitco News) – Zijin Mining reported today that the company preliminarily estimates that its realized net profit attributable to owners of the listed company to range from RMB2.3 billion (~$353 million) to RMB2.5 billion.
Read moreTreasury Secretary Yellen vs. Senator Kennedy: Heated debate on IMF SDR proposal
(Kitco News) – Tensions briefly boiled over in the Senate as Treasury Secretary Janet Yellen faced tough questions regarding the government’s plan for a new allocation of the International Monetary Fund’s Special Drawing Rights (SDR).
Read moreTaseko announces new legal win for Florence Copper in Arizona
(Kitco News) – Taseko Mines (TSX: TKO; NYSE American: TGB; LSE: TKO) announced today that a decision released today by the Arizona Court of Appeals has confirmed all aspects of the Superior Court of Arizona’s (lower court) 2019 decision in favor of Florence Copper.
Cartier grows gold resources to 2Moz at Mine Chimo
(Kitco News) – Today, Cartier Resources (TSX-V: ECR) announced the results of its third mineral resource estimate for the Mine Chimo property, located 45 km east of Val-d’Or, Quebec.
Read moreRio Tinto to employ solar technology to provide carbon-free energy to Boron mine
(Kitco News) – International mining and metals company Rio Tinto and renewable energy technology company Heliogen today announced an agreement to explore the deployment of Heliogen’s breakthrough solar technology at Rio Tinto’s borates mine in Boron, California.
Victoria Gold boosts net income fivefold in Q4 2020
(Kitco News) – Victoria Gold (TSX-VGCX) announced that gold production from the company’s Eagle mine in Yukon was 42,436 ounces in the Q4 2020. Gold production for the full-year 2020 was 116,644 ounces.
Gold, silver holding modest gains as midday approaches
(Kitco News) – Gold and silver prices are modestly up as midday approaches Wednesday. Some short covering from the shorter-term traders in the futures markets is featured.
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