South32 sees metals rebound outside China
(Kitco News) – South32 (ASX:S32) said today revenue dropped by 8% to US$2.943 billion in H1FY2021 compared to the same period a year prior.
Read morePandemic-related suspensions hit hard Hochschild mines
(Kitco News) – Hochschild Mining today reported full-year 2020 attributable production of 289,293 gold equivalent ounces or 24.9 million silver equivalent ounces, at the high end of the company’s revised forecasts published in early September but with …
Read moreBitcoin is better ‘stimulus asset’ than gold, says ‘Bond King’ Jeffrey Gundlach
(Kitco News) – As the debate whether bitcoin is better than gold rages on, billionaire DoubleLine CEO Jeffrey Gundlach has weighed in.
Read moreHecla exceeds pre-COVID silver production guidance, increases gross profit by 523%
(Kitco News) – Hecla Mining (NYSE:HL) today announced full-year 2020 sales of $691.9 million (the highest in the company’s history); cash flow from operations of $180.8 million; free cash flow of $89.8 million?
Read moreGold Fields reports fourfold increase in headline earnings, declares dividend
(Kitco News) – Gold Fields (NYSE & JSE: GFI) today reported that its attributable gold equivalent production for 2020 was 2,236koz, a 2% increase year-over-year (FY2019: 2,195koz), within the revised guidance range of 2,200-2,250koz.
Gold bulls still technically weak, working to stabilize market
(Kitco News) – Gold futures prices are near steady in midday U.S. trading Thursday after hitting an eight-month low early on today. The bulls are near-term technically wounded and are just trying to stabilize a market in a downslide.
Read morePlatinum prices rally on strong demand and South African Covid -19 vaccine concerns
(Kitco News) – The gold market continues to struggle to find new bullish momentum, but investors are finding value in other precious metals as platinum prices continue their upward trend.
Read moreBarrick reports 4% gold reserves decline in 2020
(Kitco News) – Barrick Gold (NYSE:GOLD)(TSX:ABX) reported today that its attributable proven and probable gold reserves as at December 31, 2020, amounted to 68 million ounces, a 4% decline over gold reserves reported as at December 31, 2019 (71 million…
Read moreIAMGOLD reports 8% production decline, turns to net profit in 2020
(Kitco News) – IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) yesterday reported full-year 2020 attributable gold production from continuing operations of 653,000 ounces at cost of sales per ounce of $1,057, total cash costs per ounce produced of $984 and …
Read moreGold market sees launch of new adaptive ETF: Wilshire Phoenix’s WGLD
(Kitco News) – Gold’s long-term bull trend isn’t over even as the market faces difficult headwinds in the near-term, according to the market’s newest gold-backed exchange-traded product.
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