Barsele to acquire Agnico Eagles’s stake in Swedish project
(Kitco News) – “The monetization of our interest in the Barsele Project will allow Agnico Eagle to focus on the most advanced projects in our exploration and development pipeline, while retaining an interest in the Barsele Project as a significant equi…
Read morePure Gold says head grades trend positively as production ramps up
(Kitco News) – Pure Gold Mining (TSX-V:PGM, LSE:PUR) announced today that with the milling facility ramp-up completed at its PureGold mine in Ontario in the first quarter, the company’s focus for the second quarter has shifted to ramping up high-grade ore production from the mine.
Gold recovers early losses as bulls step in to buy the dip
(Kitco News) – Gold prices are modestly up in midday U.S. trading Thursday as bullish traders stepped in to do some bargain hunting when prices were moderately lower in the early going.
Read moreOyu Tolgoi increases copper, gold and silver production in Q1
(Kitco News) – Oyu Tolgoi, one of the world’s largest-known copper and gold deposits, is 34%-owned by the Mongolian government with the rest held by Turquoise Hill, in which Rio owns a 50.8% stake.
Read moreFilo Mining jumps on drill results
(Kitco News) – “Planning has already begun for our next field campaign, and following a short break, we anticipate continuous, year-round activities leading to our most ambitious field program ever.”
Read moreRussian mining giant Nornickel resumes full production at Oktyabrsky
(Kitco News) – Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced today that it has ramped up ore mining at the Oktyabrsky underground mine back to its full capacity.
Read moreInflation pressures to drive gold prices to $2,000 as Federal Reserve holds the dovish line – Aberdeen Standard Investments
(Kitco News) – The gold market’s recent break above $1,800 an ounce could be the start of a more significant move through the second half of the year that could push prices back to $2,000, according to one market analyst.
Read moreEndeavour says net earnings jump 389% on strong gold production in first quarter
(Kitco News) – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) announced Thursday that its Q1 2021 gold production was a record 334,262 ounces, a 102% growth over Q1 2020 and on track to meet the full-year guidance from continuing operations of 1,350,000 – 1…
Read moreU.K. Royal Mint sees 540% increase in silver bar demand
(Kitco News) – The global precious metals market continues to see insatiable demand for physical silver.
Read moreGold price can’t find any bullish momentum as U.S. jobless claims fall to new pandemic low
(Kitco News) – Improving U.S. labor market conditions as fewer American workers apply for first-time unemployment benefits is helping to weigh down gold prices.
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