Centerra Gold says no longer in control of Kumtor, suspends production guidance
(Kitco News) – Centerra Gold (TSX: CG) (NYSE: CGAU) announced today that the Kyrgyz Government effectively seized control of the Kumtor mine over the weekend of May 15 and 16, 2021 by sending Government authorities to the mine, KGC’s office in Bishkek and the homes of several KGC employees.
North America’s only battery-grade cobalt refinery on track for launch next year
(Kitco News) – First Cobalt (TSX-V: FCC; OTCQX: FTSSF) announced Monday that the company remains on schedule to recommission its cobalt hydrometallurgical refinery, located north of Toronto, in the fourth quarter of 2022, at which time it will become t…
Read moreSteppe Gold says cold weather disrupted production in Mongolia in first quarter
(Kitco News) – Steppe Gold (TSX: STGO) reported today that it produced zero ounces of gold in Q1 2021. The company said it has paused leaching and gold production at its ATO mine in Mongolia in first quarter as cold weather made leaching conditions les…
Read moreAustralia’s Syrah produces first ‘fully integrated’ graphite anode at its facility in the U.S.
(Kitco News) – Syrah Resources Limited (ASX: SYR) announced the first fully integrated production of active anode material at its AAM Project in Vidalia, USA, following the installation and commissioning of a commercial scale furnace.
Read moreRio Tinto becomes Western Copper and Gold’s strategic partner
(Kitco News) – Western Copper and Gold (TSX: WRN) (NYSE American: WRN) announced Monday a C$25.6 million strategic investment by Rio Tinto Canada.
Read moreGold, silver prices power higher as crypto currencies crumble
(Kitco News) – Gold and silver prices are higher in midday U.S. trading Monday, with gold notching a nearly four-month high and silver at a three-month peak.
Read moreGold’s energy consumption doubles that of bitcoin – Galaxy Digital
(Kitco News) – As bitcoin shed $15,000 in less than a week following Tesla CEO Elon Musk’s jab at bitcoin’s energy consumption, Galaxy Digital released a report comparing bitcoin’s energy use to that of the gold industry as well as the traditional bank…
Read moreAmericas down on $92 million net loss, challenges at Relief Canyon in Q1
(Kitco News) – Americas Gold and Silver (TSX: USA) (NYSE American: USAS) reported today a revenue of $10.2 million and a net loss of $91.8 million for Q1-2021 or a loss of ($0.72) per share, which includes an impairment charge of $55.6 million and an i…
Read moreNewmont completes GT Gold acquisition, expands holding in Golden Triangle
(Kitco News) – Newmont (NYSE:NEM, TSX:NGT) announced Monday the completion of the acquisition of GT Gold (TSX-V:GTT) through which Newmont acquired the remaining 85.1% of common shares of GT Gold not already owned by the company.
Read moreMusic streaming as an alternative investment – Music Royalties & King Harvest member
(Kitco News) – Streaming is the fastest segment of music sales, up 20% in 2020 according to the International Federation of the Phonographic Industry. It now accounts for 62% of all music revenues, or about $13.4 billion.
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