Peru’s mining sector soars 76% in April
(Kitco News) – The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector increased 57.79% in April 2021 compared to the same month of 2020.
Read moreGold market sees lower trading activity in April LBMA
(Kitco News) – April appears to have marked the low point in the gold market so far this year as trading activity dropped to its lowest point since November, according to the latest trade data from the London Bullion Market Association (LBMA).
Read moreSantacruz Silver reports strong financial results despite production drop in first quarter
(Kitco News) – Santacruz Silver Mining (TSX.V:SCZ) reported today that the company’s Q1 2021 silver equivalent production of 706,978 ounces decreased by 22% compared to Q1 2020 (902,765 ounces).
Gold pauses Tuesday amid solid price uptrend in place
(Kitco News) – Gold prices are near steady in midday U.S. trading Tuesday, after scoring a five-month high overnight.
Read moreConstruction of Serrote copper-gold mine in Brazil completed ahead of schedule
(Kitco News) – Mineração Vale Verde (“MVV”) and Appian Capital Advisory today announced the finalization of construction of the Serrote copper-gold mine and processing plant located in Alagoas, Brazil, ahead of schedule and under budget.
‘Sound bull market’: Gold sees best month since July, is $2,000 gold price next?
(Kitco News) – Gold has made an impressive recovery in May, rising nearly 8% — the biggest monthly gain since July. And the market sentiment remains quite bullish, with many analysts eyeing the $2,000 gold price target for this year.
MMG shares down on $300 million placement news
(Kitco News) – MMG, a Hong Kong-based international producer of base and precious metals, today announced a US$300 million new share placement to strengthen the company’s balance sheet and to step into its next phase of disciplined growth.
Gold to benefit as U.S. dollar could drop 10% to 20% – CrossBorder Capital
(Kitco News) – The gold market has achieved some impressive milestones in the last two months, with prices pushing above $1,900 an ounce to their highest level this year. Gold’s newfound momentum in the last two months has come as the U.S. dollar has lost significant traction.
Russia’s Petropavlovsk doubles its refractory gold ore processing capacity
(Kitco News) – A major Russian gold mining company Petropavlovsk (LSE: POG. MOEX: POGR) today announced the technical launch of the Pioneer flotation plant, the company’s second facility for processing refractory gold ore and producing flotation concen…
Read moreVale expects ‘disruption’ at its Sudbury operations as collective bargaining agreement rejected
(Kitco News) – Vale reported Tuesday that employees represented by United Steelworkers (USW) Local 6500, representing production and maintenance employees in Sudbury, voted to reject the company’s offer of a new five-year collective bargaining agreemen…
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