Vice president of operations leaves Pretium Resources
(Kitco News) – Estimated life-of-mine annual gold production is now 311,000 ounces instead of last year’s estimated 441,000 ounces, a 29% reduction.
Friedland joins gold company ‘given state of the markets’
(Kitco News) – Matysek said he is happy to stand aside for Friedland.
Read moreGold powers to 5-week peak, challenging springtime high
(Kitco News) – Gold prices are sharply higher in midday U.S. trading Monday as prices today scored a five-week high. Safe-haven demand is featured to start the trading week amid a worrisome rise in Covid-19 infections around the globe.
Read moreMoney managers hike bullish positioning in gold futures
(Kitco News) – Money managers started rebuilding their net-bullish positioning in gold futures during the most recent reporting period for data compiled by the Commodity Futures Trading Commission.
Read moreFXTM: gold ‘a better alternative to many other asset classes’
(Kitco News) – Gold remains an “attractive investment” even after prices surged to multi-week highs, said FXTM in an analysis released Monday.
Gold prices get another boost as U.S. existing home sales disappoint in May
(Kitco News) – Gold prices saw more gains and traded near five-week highs after U.S. existing homes sales missed expectations in May, according to the latest report from the National Association of Realtors (NAR).
Read moreCaldas Gold, Wheaton announce planned streaming deal for Marmato project
(Kitco News) – Caldas Gold Corp. (TSXV: CGC) would receive $110 million in a streaming agreement with a subsidiary of Wheaton Precious Metals Corp. (TSX, NYSE: WPM), with the proceeds to be used for the Marmato project in Colombia, under a non-binding …
Read moreStandard Chartered: ‘gold to continue to draw investor interest’
(Kitco News) – Exchange-traded-product holdings of gold have been boosted this year by a flight to safety, and there is potential for prices to move still higher, said Standard Chartered.
Exchange-traded funds post ‘massive’ inflow of gold – analysts
(Kitco News) – Global exchange-traded funds posted a large inflow on Friday, analysts said. BMO Capital Markets said the ‘massive’ increase in holdings amounted to 27.3 metric tons, or 974,000 ounces, and occurred as June options expired for SPDR Gold …
Read moreGold prices trade to one-month high on COVID-19 concerns – analysts
(Kitco News) – Gold is starting a new week on firmer footing amid worries about the rising number of COVID-19 cases, analysts said. Spot gold traded up to $1,757.65 an ounce although it backed off to $1,747.55 around 7:50 a.m. EDT, still up $5.30 for t…
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