Cora Gold announces a series of West African discoveries
(Kitco News) – Cora Gold (LON:CORA), a West African focused gold company, announced a series of new surface gold discoveries from satellite imagery and surface prospecting programs at the Sanankoro Gold Project on the Yanfolila Gold Belt in southern Mali.
Read moreThe largest graphite mine in the West to be built
(Kitco News) – Nouveau Monde Graphite said today that the Québec Government had issued a ministerial decree authorizing the company’s Matawinie project, a 100,000-tpa high-purity graphite concentrate production.
Cameco receives $37 million under CEWS program
(Kitco News) – Cameco (TSX: CCO; NYSE: CCJ) today reported that its annual net loss was $53 million and adjusted net loss was $66 million. Annual results were impacted by the precautionary production suspensions at Cameco’s operations and, because of that, the company’s uranium segment produced only 5 million pounds in 2020.
Gold firmer amid friendly outside markets
(Kitco News) – Gold futures prices are modestly higher at midday Wednesday, supported by positive outside markets that include a weaker U.S. dollar index and higher crude oil prices.
Read moreAre South African vaccine issues a threat to platinum supply as metal rallies above $1,200?
(Kitco News) – A number of analysts have pointed to potential supply disruptions among South Africa’s platinum miners as the nation struggles to rollout vaccines to combat the COVID-19 virus; however, some research institutes said that investors should…
Read moreNew Gold loses 69% of gold reserves due to Blackwater sale
(Kitco News) – New Gold (TSX and NYSE American: NGD) today provided annual operational outlook for the Rainy River mine and updated Mineral Reserves and Mineral Resources as of December 31, 2020. Annual operational estimates for the New Afton mine will…
Read moreWhat happens if every Fortune 500 company buys Bitcoin? Gary Wagner talks price outlook
(Kitco News) – If every company in the S&P 500 puts 10% of their cash into Bitcoin, the cryptocurrency then becomes a trillion dollar market, said Gary Wagner, editor of TheGoldForecast.com.
Global silver demand to hit 8-year highs this year — The Silver Institute
(Kitco News) – Global demand for silver will rise to eight-year highs in 2021 on surging interest from industrial and physical markets, said The Silver Institute in a report on Wednesday.
Read moreGold Fields expects up to 325% earnings growth in 2020
(Kitco News) – Gold Fields (JSE, NYSE: GFI), one of the world’s largest gold mining companies, announced Wednesday that headline earnings per share for the full-year 2020 are expected to range from US$0.81-0.85 per share, 305-325% (US$0.61-0.65 per sha…
Read moreGold, silver see price rallies ahead of Powell Speech
(Kitco News) – Gold and silver futures prices are higher and have hit fresh daily highs in early U.S. trading Wednesday. The two precious metals markets have stabilized so far this week, but traders are still looking for the next catalyst to break pric…
Read more