First Majestic renews share repurchase program
(Kitco News) – First Majestic Silver announced today that it has received regulatory consent to extend its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (“TSX”) o…
Read moreEndeavour Mining posts record production, reduces net debt $603M in 2020
(Kitco News) – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) today reported that its 2020 consolidated production from all operations amounted to a record 908koz, an increase of 258koz or 40% over 2019 as the addition of Mana and Boungou in the second half …
Read moreGold, silver gain on follow-through strength from good gains Wed.
(Kitco News) – Gold and silver prices are moderately up in choppy, two-sided U.S. trading Thursday, and are hanging on to the good gains posted Wednesday in the wake of a dovish U.S. central bank stance reiterated Wednesday afternoon.
Read moreBarrick sees ‘enormous’ geological potential in Nevada
(Kitco News) – Today, Barrick Gold (NYSE:GOLD)(TSX:ABX) revealed that an intensive strategic review by executive teams from Barrick and Nevada Gold Mines (NGM) has confirmed the enormous geological prospectivity of the NGM properties and outlined the k…
Read moreCenterra says recent tax claims from Kyrgyzstan ‘without merit’
(Kitco News) – Today, Centerra Gold (TSX: CG) commented on tax claims received by its Kyrgyz Republic subsidiary, Kumtor Gold Company (“KGC”), from the Kyrgyz Republic State Tax Service.
Read moreGold price likes a patient Federal Reserve, just not the relaxed outlook on bond yields
(Kitco News) – The gold market doesn’t have to fear the Federal Reserve as the central bank Wednesday signaled that it would be in no hurry to raise interest rates before 2024.
Read moreYou have to be in gold, silver, platinum and palladium – Mark Mobius
(Kitco News) – Even if bond yields have room to move to 2%, investors should continue to hold precious metals as a long-term investment, according to one billionaire investor.
Read moreThe Bank of England stand pat on rates and QE
(Kitco News) – As expect interest rates and QE remained unchanged. The vote between the MPC members was unanimous as all 9 members decided it was best to hold fire. Haldane did strike a hawkish tone after the meeting as he said he thinks a rapid recove…
Read moreAustralia is being encouraged to diversify its exports away from China
(Kitco News) – It is no secret that Australia is having its export problems with China at the moment and a leading body has suggested maybe the nation needs to diversify the nation’s risk. Since Australia decided to let some nationals from Hong Kong se…
Read moreGold price sees little movement following 770K rise in U.S. weekly jobless claims
(Kitco News) – The gold market is seeing little reaction to more volatility in the U.S. labor market as more Americans applied for unemployment benefits.
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