First Majestic 1Q output ahead of suspended guidance
(Kitco News) – First Majestic Silver Corp.’s (TSX: FR | NYSE: AG) silver-equivalent output during the first quarter came in 9% above the company’s guidance that was suspended due to the COVID-19 pandemic, the company said Tuesday.
FXTM: gold hits seven-year high; more gains if dollar eases further
(Kitco News) – Gold climbed to its highest level in more than seven years overnight as a result of U.S. dollar weakness and global recession fears, saidLukman Otunuga, senior research analyst at FXTM. Spot metal peaked at $1,725.60 an ounce, before bac…
Read moreGold futures prices at 7.5-yr. high on safe-haven demand, bullish charts
(Kitco News) – Gold futures prices are trading narrowly on both sides of unchanged in early U.S. trading Tuesday after scoring another 7.5-year high, at $1,785.00 overnight, basis June Comex futures.
Read moreMandalay Resources reports higher first-quarter production
(Kitco News) – First-quarter production for Mandalay Resources Corp. (TSX: MND) was higher than in both the fourth quarter and first quarter of 2019, the company announced late Monday.
Read moreBitcoin daily chart alert – Chart consolidation early this week – Apr. 14
(Kitco News) – Bitcoin-U.S. dollar prices are slightly up in early U.S. trading Tuesday. A price uptrend is still in place on the daily chart and bulls have the firm near-term technical advantage.
Read moreGold is the only commodity that has had investor in-flows year-to-date – Citi
(Kitco News) – The only factor that could slow gold’s rise is central banks. Emerging markets have been slowing gold purchases due to currency depreciation versus the American dollar, but Morse believes that overall investor demand is strong enough to …
Read moreCameco extends closures, withdraws outlook
(Kitco News) – Cameco (NYSE:CCJ) announced today that it is extending the temporary production suspension at the Cigar Lake uranium mine in northern Saskatchewan as the effects of the global COVID-19 pandemic persist.
Read moreAntimina temporarily suspended
(Kitco News) – In 2019 the mine generated $900 million in revenue.
Read moreA gold price rally to $2,000 would not be a surprise – Sprott’s Grosskopf
(Kitco News) – Gold prices have pushed to nearly an eight-year high, and this is only the start as investors should keep an eye on the precious metal’s long-term outlook, according to one gold fund executive.
Read moreGold is back: why the yellow metal will continue to rule the safe haven domain
(Kitco News) – Gold still remains the ultimate safe haven asset, but the road to higher prices could be a bumpy one with several obstacles along the way, this according to The Telegraph’s Tom Stevenson.