Why Gareth Soloway would buy gold stocks but short GameStop right now
(Kitco News) – News that GameStop is looking to digitize its stores has driven the stock up to January levels, but Gareth Soloway, chief market strategist said that on a technical basis, the stock looks overbought.
Read moreGlobal rare earths mine production increased 9% in 2020; other countries narrowing gap with China – report
(Kitco News) – According to the preliminary data released by the U.S. Geological Survey (USGS), global mine rare earth metals (REE) production was estimated to be 240,000 tons of REE oxide equivalent, a 9% increase over 2019 (220,000 tons).
Read moreCopper price to peak this year, here’s why – CRU
(Kitco News) – Copper headlines have been everywhere lately, with the economic recovery and a move toward green technology boosting prices to 9.5-year highs. But that excitement will start to fade, according to CRU director of base metals research and …
Read moreKinross earns 70% interest in historic Manitoba’s first gold mine
(Kitco News) – Rockcliff Metals (CSE: RCLF) announced Thursday that an affiliate of Kinross Gold has earned a 70% interest in the Laguna/Lucky Jack/Puella Bay properties in Snow Lake, Manitoba.
Read moreFortuna Silver boosts free cash flow from ongoing operations 129% in 2020
(Kitco News) – Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today reported full-year 2020 net income of $21.6 million, adjusted net income of $31.8 million, and adjusted EBITDA of $112.6 million.
Read moreGaliano Gold beats production guidance in Ghana, generates record earnings
(Kitco News) – Galiano Gold (TSX: GAU) (NYSE American: GAU) reported today that its annual gold production at the Asanko gold mine, located in Ghana, was 249,904 ounces, exceeding the upper end of 2020 production guidance of 225,000-245,000 ounces.
Read moreGold, silver near steady at midday but lose earlier gains
(Kitco News) – Gold and silver prices are trading not far from unchanged in midday U.S. trading Thursday. Early gains were erased when U.S. government bond yields started to rise again, and by solid gains in the U.S. stock market.
Read moreAltius reports 14% decline in royalty revenue in 2020
(Kitco News) – Altius Minerals (ALS:TSX) (ATUSF: OTCQX) reported today that its attributable royalty revenue of $67.5 million ($1.62 per share) for the year ended December 31, 2020 was down 14% from royalty revenue of $78.1 million ($1.83 per share) re…
Read moreThe gold market and miners still look good as bond yields can’t rise forever – Wood Mackenzie
(Kitco News) – The gold market is struggling to find consistent bullish momentum as prices hold above $1,700 an ounce. However, one research firm said that investors should be a little more patient as the precious metal still can surprise the upside.
Read moreRob McEwen ‘deeply pained’ for the company’s ‘awful’ financial performance in 2019 and 2020
(Kitco News) – Rob McEwen, Chairman & Chief Owner of McEwen Mining (NYSE: MUX) (TSX: MUX), said that he is “deeply pained” by the company’s “awful” financial performance in 2019 and 2020, but McEwen Mining is “shaping a better future.”
