Global copper production declines 2% in 2020 – report
(Kitco News) – According to the preliminary data released by the U.S. Geological Survey (USGS), estimated global mine production of copper was 20 million tonnes in 2020, or 2% less than in 2019 (20.4 million tons).
Read moreNamibia expects uranium and diamond boom after a bleak 2020
(Kitco News) – Local media sources reported today that Namibia expects strong rebound in the domestic diamond and uranium production after a slump in 2020 caused by the COVID-19 pandemic.
Read moreGold and silver still have a long way to go – Peter Hug
(Kitco News) – The current bull market cycle in the metals is far from over, and the Federal Reserve would need to reverse course on monetary policy before we see a top in prices, said Peter Hug, global trading director of Kitco Metals.
Read moreIf gold price can’t hold $1,800, major selloff could be next
(Kitco News) – Gold failed to breach the $1,850 an ounce level this week and another retreat below $1,800 could open the floodgates to more selling, analysts told Kitco News.
Read moreNexa reports 13% zinc output decline in 2020
(Kitco News) – Nexa Resources (NYSE:NEXA) (TSX:NEXA), one of the top five zinc producers worldwide, reported today that its consolidated net revenue totaled US$1,951 million in 2020 compared to US$2,333 million a year ago, a 16% decline the company exp…
Read moreSwedish mining giant Boliden ups profit on improved operations
(Kitco News) – Sweden-based mining company Boliden (Nasdaq Stockholm: BOL) announced Friday that its annual free cash flow increased by more than 680%, from 635 million Swedish kronor ($76 million) in 2019 to 4,957 million kronor ($595 million) in 2020.
Read moreSentiment in gold market remains mixed; competition with bitcoin heating up – analysts
(Kitco News) – The gold market is experiencing a slight crisis of confidence with mixed sentiment in the marketplace as the precious metal competes with other assets as a safe-haven.
Read moreYamana Gold boosts reserves and resources of yellow metal
(Kitco News) – Yamana Gold (TSX:YRI; NYSE:AUY; LSE:AUY) announced Thursday that its total proven and probable gold mineral reserves increased by 10%, from 12,501 koz as at December 31, 2019 to 13,803 koz as at December 31, 2020.
Read moreSilverCrest raises $120M to advance Las Chispas
(Kitco News) – SilverCrest (TSX: SIL) (NYSE American: SILV) announced yesterday that it has entered into an agreement with a syndicate of underwriters, pursuant to which underwriters have agreed to purchase, on a bought-deal basis, 13,050,000 common sh…
Read moreJewelry sales expected to be down this Valentine’s Day – NRF
(Kitco News) – Valentine’s Day is quickly approaching, and historically it has been an important holiday for the jewelry market. However, this year the COID-19 pandemic is expected to take a bite out of sales.
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