Vale blasted headframe of iconic Stobie mine in Ontario
(Kitco News) – CBC reported on Saturday that Brazilian mining giant Vale demolished the headframe of Stobie copper-nickel mine in Ontario.
Read moreO3 Mining delivers robust PEA for Garrison project
(Kitco News) – O3 Mining (TSXV: OIII) today announced positive results from the independent Preliminary Economic Assessment (“PEA”) on its 100 percent owned Garrison project in the Kirkland Lake region in Ontario, Canada.
Read moreGold price zeroes in on Fed’s last meeting of the year
(Kitco News) – The precious metal is lacking momentum at the start of the week. However, investor interest might still return to gold as markets focus on the last Federal Reserve meeting of the year, according to analysts.
Read moreOtso gears up for gold production in Finland
(Kitco News) – Otso Gold (TSX.V:OTSO) announced on Monday that it has executed a subscription agreement with Brunswick Gold for a strategic investment of US$11 million into the company.
Read moreGold, silver down as risk appetite turns up
(Kitco News) – Gold and silver futures prices are lower in midday U.S. trading Monday. Moderate selling pressure comes from a “risk-on” trader and investor mentality in the market place, on a few fronts.
Roxgold increases Indicated Mineral Resources by 97% at Séguéla
(Kitco News) – Roxgold (TSX: ROXG) (OTC: ROGFF) today reported an updated Mineral Resource estimate for the Séguéla gold project, located in Côte d’Ivoire.
Freeport-McMoRan unloads copper project in DRC for $550 Million
(Kitco News) – Freeport-McMoRan (NYSE: FCX) announced on Monday that it has completed a sale of its interests in the Kisanfu undeveloped project to a wholly owned subsidiary of China Molybdenum for $550 million. After-tax net cash proceeds approximate …
Read moreCameco declares COVID-19 outbreak at McArthur River, suspends Cigar Lake mine
(Kitco News) – Cameco (TSX: CCO) reported three positive COVID-19 cases over the weekend and declared an outbreak at McArthur River.
Read moreBMO asks: Will physical gold demand make up for weaker investor demand in 2021
(Kitco News) – The gold market will need more than just investment demand to drive prices higher next year, according to analysts at BMO Capital Markets.
Read moreGold technical analysis heading into the US session
(Kitco News) – Starting with the daily chart and it seems gold futures are rejecting the consolidation low of $1851 per ounce once again. After a brief break above the area last week the bulls could not sustain the buying pressure to keep the bull run …
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