Gold and silver retreat ahead of the EU session
(Kitco News) – After yesterday’s excitement gold and silver start the EU session in the red. Silver was up over 8% at one point during the session but now trades at $28.18/oz as it seems $30/oz is a formidable resistance zone. Gold is looking very side…
Read moreLynas wins U.S. Defense contract to built REE plant in Texas
(Kitco News) – The Department of Defense is contributing $30.4 million to the project. The Hondo, Texas facility will complement Lynas’ existing Australian and Malaysian operations and is expected to be co-located with the proposed heavy rare earths separation facility.
Peru’s mining sector contracted 2.5% in December
(Kitco News) – Peru recorded lower production of iron (-16.4%), gold (-15.1 %), molybdenum (-12.0%), lead (-10.0%), silver (-8.3%) and copper (-1.3%).
Read moreSLV records one-day inflows of $1 billion Friday, more to come
(Kitco News) – The silver market is on the move, and it is not just about the price. Investors are piling into physical, ETFs, and mining.
Read moreThe world’s largest silver producers in 2019
(Kitco News) – Kitco looked at the world’s top 10 mining companies producing silver that do report production numbers.
Read moreThe world’s largest silver mines in 2019
(Kitco News) – Silver is often outshone by gold, with most precious metals investors paying attention to the yellow metal. But silver is in the spotlight again as its prices have increased by almost 60% since March 2020, driven by strong physical deman…
Read moreMcEwen Mining to announce Gold Bar Mine feasibility by end of month
(Kitco News) – McEwen Mining (NYSE:MUX) said it will publish a feasibility study on its Gold Bar Mine by the end of the month.
Read moreDRDGOLD anticipates EPS to double
(Kitco News) – DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) said today that it expects to report earnings per share (EPS) of between 106.2 cents and 115.8 cents per share for the six months ended 31 December 2020 compared to 48.5 cents per share for the p…
Read moreGreat Panther says it has successfully extended Tucano’s mine life
(Kitco News) – Great Panther Mining (TSX: GPR) (NYSE-A: GPL) said today it filed a technical report supporting the company’s updated mineral reserve and mineral resource estimate for its Tucano Mine in Brazil.
Read moreGlencore announces cobalt supply partnership
(Kitco News) – Today Glencore and FREYR signed a letter of intent for the supply of up to 3,700 tonnes of high-purity cobalt metal cut cathodes produced at Glencore’s Norwegian operations, Nikkelverk.