Caledonia Mining reports record gold production in Zimbabwe
(Kitco News) – The company reported a record total gold production of 57,899 ounces in 2020, which is the top end of the company’s revised increased guidance.
Peter Schiff: Bitcoin still going to ‘collapse’; ‘death spiral’ of inflation coming
(Kitco News) – Peter Schiff: Bitcoin still going to ‘collapse’; ‘death spiral’ of inflation coming
Sierra Metals ups 2020 production by 6% despite COVID-19 challenges
(Kitco News) – In Q4 2020, consolidated quarterly ore throughput of 778,236 tonnes increased by 6% over Q4 2019, as higher throughput from the Mexican operations was partially offset by a 3% decline in Q4 2020 throughput from the Yauricocha mine.
Read moreOrvana increases quarterly production in Spain
(Kitco News) – Copper production was 2.0 million pounds, 15% higher than the previous quarter.
Read moreNorthern Vertex ups quarterly sales by 28%
(Kitco News) – Northern Vertex Mining owns and operates the Moss mine, currently the largest primary gold and silver mine in Arizona. The company intends to consolidate additional producing or value-adding gold assets within the Western US. Through mergers and acquisitions Northern Vertex’s corporate goal is to become a mid-tier gold producer.
Pretivm achieves 2020 production guidance
(Kitco News) – Pretium added that in total, the company repaid $226.7 million of its credit facility in 2020. Even with the discretionary debt payment, the year-end cash and cash equivalents was $174.8 million, as compared to $175.0 million at Septembe…
Read moreHedge funds aggressively exit their bullish gold bets as U.S. dollar, bond yields rise
(Kitco News) – Hedge funds and gold investors have significantly cut back on their bullish gold exposure as the precious metal continues to be weighed down by a stronger U.S. dollar and rising bond yields, according to the latest data from the Commodity Futures Trading Commission (CFTC).
More selling in store for gold price? Markets eye Yellen’s take on U.S. dollar
(Kitco News) – After a selloff towards $1,800 an ounce, gold is up on some bargain-hunting with prices back above $1,830 despite a higher U.S. dollar on Monday.
Read moreFLSmidth eyes Thyssenkrupp’s mining business
(Kitco News) – FLSmidth is in talks to acquire ThyssenKrupp’s mining business. Thyssenkrupp put the firm’s Plant Technology division up for sale in October last year after reporting a €235 million ($368 million) loss in earnings before interest and tax (EBIT) in the year ending September.
IronRidge Resources confirm high-grade drill intersections in Côte d’Ivoire, West Africa
(Kitco News) – The IronRidge Resources’ share price shot 14% higher in UK trading session after the firm confirmed multiple high-grade drill intersections and new gold targets at the Zaranou Project in Côte d’Ivoire, West Africa.