Agnico’s Q3 benefits from ‘monthly or quarterly production records’
(Kitco News) – Agnico Eagle said its outstanding balance on the company’s unsecured revolving bank credit facility is now nil, and available liquidity under this facility is $1.2 billion, not including the uncommitted $300 million accordion feature.
Read moreNewmont hikes dividend by 60%
(Kitco News) – “This dividend increase is supported by a framework to return 40 to 60 percent of incremental attributable free cash flow to shareholders that is generated above a $1,200 per ounce gold price,” wrote the company (NYSE:NEM) in a news rele…
Read moreMarkets tank; why is gold not trading like safe haven? March all over again? Expert answers
(Kitco News) – Markets tank; why is gold not trading like safe haven? March all over again? Expert answers
Read moreAltus Strategies say gold recoveries are ‘excellent’
(Kitco News) – Altus Strategies Plc (AIM: ALS) announced Tuesday results from metallurgical testwork on oxide and sulphide samples from the company’s 100 %-owned Diba gold project in western Mali.
Read moreChampion Iron resumes full operational capacity
(Kitco News) – Champion Iron (TSX:CIA) announced Tuesday it had revenues of $311.0M and $555.6M for the three and six-month periods ended September 30, 2020, respectively, compared to $160.4M and $438.3M, respectively, for the same periods in 2019.
Read moreWest African Resources ups gold output by 40%
(Kitco News) – West African Resources (ASX:WAF) said Wednesday that gold production was up 40% to 45,719 ounces at an all-in sustaining cost (AISC) of $1,009/oz while unhedged gold sales averaged US$1,868/oz during its Q3.
Read moreAfter production cuts, lithium miner says market has ‘stabilized’
(Kitco News) – Galaxy Resources said Wednesday it is on track to meet 2020 forecast production after cutting output earlier this year due to the soft market.
Read moreNew Century announces A$34.7M capital raising to reduce debt
(Kitco News) – New Century Resources announced Wednesday it is undertaking a A$34.7 million capital raising.
Read moreGlencore provides Falco Resources with $10 million bridge financing
(Kitco News) – Quebec-focused Falco Resources (TSX.V:FPC) said Tuesday that Glencore Canada offered the company a $10 million senior secured convertible debenture bridge financing.
Read moreGold price sheds $40 on COVID restrictions, contested election worries
(Kitco News) – A combination of election and coronavirus jitters is boosting the U.S. dollar and dragging gold down along with equities, according to analysts.
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