Pierre Lassonde buys Prime Mining shares
(Kitco News) – As a result of this recent purchase, Lassonde now directly owns 143,000 common shares, indirectly owns 7,000,000 common shares and 3,000,000 warrants of the Company. Lassonde’s direct and indirect shareholdings represent approximately 11…
Read moreVital Metals signs rare earth oxide offtake with ‘game-changing process manufacturer’
(Kitco News) – Under the agreement, Vital Metals has agreed to hand over 1000 tonnes of cerium depleted rare earth oxide (REO) per year to REEtec. The agreement also includes an option to increase offtake volumes up to 5000 tonnes REO per annum over te…
Read morePremier files PEA
(Kitco News) – After-tax NPV5 of $178.0 million, and an after-tax internal rate of return (“IRR”) of 36% based on a gold price of $1,400/oz – increasing to NPV5 of $306 million and IRR of 53% at a gold price of $1,680/oz
Cerro de Pasco discovers 31 million oz of silver in stockpile
(Kitco News) – The company said that maiden inferred mineral resource in stockpile amounted to 31,483 thousand ounces of silver at 42 g/t grade.
Read moreCynthia Carroll joins Glencore’s board
(Kitco News) – “Cynthia Carroll has over 30 years’ experience in the resources sector. She began her career as an exploration geologist at Amoco before joining Alcan. She held various executive roles there, culminating in being CEO of the Primary Metal…
Read moreGold price to hit record highs in Q2 as retail demand picks up, says Standard Chartered
(Kitco News) – Even though gold has been stuck in a narrow trading range for the past month, Standard Chartered still sees the precious metal hitting new all-time highs in the second quarter of this year.
Read moreTop gold miners rebounded strongly post COVID-19 interruptions
(Kitco News) – In Q3 2020, biggest gold miners have seen a 11% increase in their total gold output compared to the pandemic impacted Q2 2020. Newmont was the top gold mining company.
Read moreWhy #SilverSqueeze ‘backfired’; price is now collapsing – Peter Hug
(Kitco News) – Why #SilverSqueeze ‘backfired’; price is now collapsing – Peter Hug
Silver bulls run out of gas fast; gold follows lower
(Kitco News) – Gold and silver futures prices are trading sharply lower in midday U.S. trading Tuesday, with silver leading the way. It appears the attempted short-squeeze in the silver market has quickly fizzled.
Read moreAgnico Eagle completes acquisition of TMAC
(Kitco News) – Agnico Eagle (NYSE: AEM) (TSX: AEM), a senior Canadian gold mining company, reported Tuesday that it has officially completed acquisition of TMAC Resources announced on January 5, 2021.
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