Global platinum production fell 9% in 2020
(Kitco News) – According to the preliminary data released by the U.S. Geological Survey (USGS), global mine platinum production was 170,000 kilograms in 2020, a 9% decline compared to 2019 (186,000 kilograms).
Read moreIf inflation is rising, why is gold price still down? Lobo Tiggre answers
(Kitco News) – Gold has held a strong relationship with inflation expectations but more importantly, gold tracks real interest rates, so if nominal rates rise faster than inflation, then gold would see pressure, said Lobo Tiggre of The Independent Spec…
Read moreKamoa-Kakula sets new production record, mines 339,000 tonnes of ore grading 5.50% copper in February
(Kitco News) – Ivanhoe Mines (TSX: IVN) announced Monday that underground ore production at the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) has for the first time exceeded the steady-state requirements of the Phase 1, 3.8-mill…
Read moreFurther gold ETF redemptions could push prices to $1,700 – Standard Chartered
(Kitco News) – 2021 has not been a good year for the gold market, and the selling pressure could worsen before it gets better, according to one market analyst.
Read moreLondon gold vaults at record levels in January despite weak gold price performance in 2021
(Kitco News) – In the last two months, the gold market has seen its worst start to the year in nearly 30 years; however, the latest trade data shows that investors continue to add to their gold holdings with London vaults at record levels for the ninth…
Read moreTop-10 gold and top-5 silver producer Polymetal increases reserves 10%
(Kitco News) – Russian gold and silver mining company Polymetal reported today that in 2020, the group’s ore reserves increased by 10% year-on-year to 27.9 Moz of gold equivalent (GE) driven by initial ore reserve estimates at East Bakyrchik (Kyzyl).
Silver Viper intercepts 10,681 g/t silver and 738 g/t gold interval at La Virginia
(Kitco News) – Silver Viper Minerals (TSX-V: VIPR) today reported high-grade drilling results from ongoing exploration at the La Virginia silver-gold project in Mexico.
Read morePeru’s mining sector contracted 7% in January
(Kitco News) – The National Institute of Statistics and Informatics of Peru has announced today that the domestic mining and hydrocarbons sector declined by 8.49% in January 2021.
Read moreEndeavour Silver delivers strong financial results despite operational challenges
(Kitco News) – Endeavour Silver (NYSE: EXK; TSX: EDR) today announced that its gross revenue in 2020 was $140.3 million, up 15% from $121.7 million in 2019 on the sale of 3.5 million oz of silver and 35,519 oz gold at average realized prices of $21.60 …
Read moreEndeavour Silver delivers strong financial results despite operational challenges
(Kitco News) – Endeavour Silver (NYSE: EXK; TSX: EDR) today announced that its gross revenue in 2020 was $140.3 million, up 15% from $121.7 million in 2019 on the sale of 3.5 million oz of silver and 35,519 oz gold at average realized prices of $21.60 …
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