Mining costs up 16% due to COVID-19 – McKinsey
(Kitco News) – Countries with the highest level of disruption were Brazil, Canada, Chile, South Africa, and the United States. Some of the lowest levels of disruption were Pakistan, Ukraine, Turkey, DRC and Australia.
Read moreGov’t run rare earth processing facility to be operational in 2022
(Kitco News) – “Saskatchewan’s new Rare Earth Processing Facility will be a catalyst to stimulate the resource sector in Saskatchewan and across Canada, providing the early-stage supply chain needed to generate cash-flow, investment and ind…
Read moreCan stocks beat gold? ‘Nowhere to go but equities’; avoid these ‘loser’ investments – XOUT Capital
(Kitco News) – Can stocks beat gold? ‘Nowhere to go but equities’; avoid these ‘loser’ investments – XOUT Capital
Read moreA split congress in November would be bad for gold – Forexlive.com
(Kitco News) – A split congress in November would be bad for gold – Forexlive.com
Fed induced market volatility
(Kitco News) – Sentiment is once again shifting in the gold market and after two weeks of consolidation analysts and investors are once again talking about the $2,000 an ounce level.
Read moreExtreme gold price swings to hit markets next week as metal tackles $2,000 — analysts
(Kitco News) – Gold price volatility is here to stay, according to analysts, who forecast even steeper price swings than the $100 daily moves seen this week.
Read moreRising investor sentiment looks for gold to retest $2,000 next week; gold bears have fled Wall Street
(Kitco News) – After two weeks of consolidation below $2,000 an ounce, expectations have picked up that gold prices could reclaim that critical psychological level next week, according to the latest results of the Kitco News Weekly Gold Survey.
Read moreRigs, geologists are getting difficult to find – Revival Gold
(Kitco News) – Revival Gold is an exploration and development company focused on Idaho. The boom in the sector has resulted in a scramble for workers and equipment.
Read moreWhy Thursday’s gold price drop was just more positive news for precious metals – Peter Hug
(Kitco News) – “The macro picture has not changed. [Every] central bank in the world has got their foot on the pedal, and I don’t think they’re going to take their foot off the pedal probably until the end of 2021,” said Hug.
Resolute Mining says operations in Mali are running as normal
(Kitco News) – Resolute Mining (LSE:RSG) said Friday that in H1 it produced a total of 217,946 ounces of gold at an all-in sustaining cost of $1,020/oz.
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