Tesla suspends vehicle purchases using bitcoin
(Kitco News) – Musk said he is looking for a more energy efficient option.
Read moreRussia on track to surpass China as the largest gold producer this decade
(Kitco News) – China might give up its position as the world’s largest gold producer sometime during this decade, said S&P Global citing a presentation by consultancy and analytics firm Institute of Geotechnologies.
Sales of fuel cell electric vehicle jump but lag plug-in by wide margin
(Kitco News) – Ballard Power Systems and Linamar Corporation formed an alliance for the “…co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles, weighing up to 5-tons, initially in North America and Europe.”
Read moreLundin Gold reports strong financial results on record quarterly production
(Kitco News) – Lundin Gold reported net income of $86.0 million for Q1 2021 (Q1 2020: net loss of $9.3 million).
Read moreDutch Pension Fund invests 5% in gold, reduces its bond exposure
(Kitco News) – Gold continues to be an attractive safe-haven asset for pension funds looking for options in a world awash with negative-yielding bonds.
Read moreWesdome reports net income drop in Q1 2021, pushes Kiena restart
(Kitco News) – Wesdome’s net income was $7.1 million or $0.05 per share, a 38% decline compared to Q1 2020 ($11.5 million or $0.08 per share).
Top 10 largest gold mining companies ranked by reserves – report
(Kitco News) – Kitco ranked gold mining companies based on their most recent reported attributable proven & probable reserves in-situ.
Altius ups royalty revenue, EBITDA and earnings in Q1 2021
(Kitco News) – Altius Minerals (TSX: ALS; OTCQX: ATUSF) yesterday reported an attributable royalty revenue of $17.8 million ($0.43 per share) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) r…
Read morePolish miner KGHM reports record quarterly results in a decade
(Kitco News) – Polish mining company KGHM, one of the world’s largest producers of copper, reported today that in Q1 2021, the company achieved the best operating and financial results in nearly a decade.
Read moreHudbay reports $60 million net loss in Q1 2021, reaffirms annual guidance
(Kitco News) – Hudbay Minerals (TSX, NYSE:HBM) reported yesterday that its consolidated copper production in Q1 2021 was 24,553 tonnes, a 10% decrease from Q4 2020, primarily as a result of lower mill throughput at Constancia due to a scheduled semi-an…
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