Over 100 macro diamonds recovered from Botswana Diamonds’ Marsfontein
(Kitco News) – Botswana Diamonds released the results Friday of two bulk samples taken from its Marsfontein diamond development project in the Limpopo Province of South Africa.
Read morePan American releases Maverix shares
(Kitco News) – Pan American Silver (TSX:PAAS) announced Thursday that it will undertake an overnight marketed public offering of 9 million common shares of Maverix Metals (TSX:MMX) currently held by Pan American.
Read moreFatality at South32’s coal complex
(Kitco News) – South32 said that on Wednesday a contractor with Modi Mining was fatally injured while working at the Ifalethu Colliery in the Wolvekrans Middelburg Complex at South Africa Energy Coal.
Read moreFire at Boliden’s Kevitsa
(Kitco News) – On Thursday, a fire occurred in the building for primary crushing at Boliden’s mine Kevitsa, located in Finnish Lappland.
Read more‘June like no other’: Geopolitics could take gold prices ‘into crazy territory’ — analysts
(Kitco News) – The U.S.-China trade tensions are the geopolitical hotbed that can push markets into “crazy territory,” according to analysts, who see June as a very turbulent month for the gold market.
Read moreWall St., Main St. look for further gains in gold prices
(Kitco News) – Wall Street and Main Street both look for gold prices to keep rising next week, according to the weekly Kitco News gold survey.
Read moreBMO ups gold, silver forecasts, does not expect ‘bad behaviors of the past’ from producers
(Kitco News) – Loose monetary policy around the world bodes well for precious metals, said BMO Capital Markets Friday in updating its gold and silver forecasts. However, analysts also said they look for gold companies to increase free cash flow and not return to the “bad behaviors of the past.”
Mitsubishi: industrial, ETF demand boost silver prices during May
(Kitco News) – Silver prices rose sharply during May as industrial demand picked up and exchange-traded-fund investment was strong, said Mitsubishi.
Read moreU.S. April personal spending falls while income rises; core inflation minus 0.4%; gold higher
(Kitco News) – Gold remained higher early Friday after a report showed that personal spending by Americans fell by 13.6% in April, while income rose 10.5% and core inflation declined 0.4%. Spot gold was last up $11 to $1,730 an ounce.
Read moreCommerzbank: ‘silver is currently in greater demand than gold’
(Kitco News) – Demand for silver has been stronger than gold lately, said Commerzbank analyst Daniel Briesemann. “Silver has recently made good some more ground vis-à-vis gold, as can be seen from the fact that the gold/silver ratio has dipped below 100,” the analyst said.