Wesdome Gold Mines reduces non-production related work, maintains guidance
(Kitco News) – Based on results to date and short-term forecasts, the company said it is maintaining production guidance of 90,000 – 100,000 ounces.
Read moreCameco places conversion facility under shutdown for four weeks
(Kitco News) – Where possible maintenance work scheduled for the summer will be advanced, said Cameco. Work to place the plant in safe shutdown mode will occur over the coming days.
Read more‘Cash is king?’ Ray Dalio doubles down on ‘cash is trash’ relative to gold during Reddit AMA
(Kitco News) – As investors rush to cash during these very uncertain times, Bridgewater Associates’ Ray Dalio reminded everyone during his Reddit Ask Me Anything event Tuesday that cash is still “trash” relative to assets like gold.
Who’s operating? Who’s closed? It’s all random
(Kitco News) – Precious metal is looking better, said Watson, who believes that all the quantitative easing is going to devalue the currency and drive people towards precious metals. Watson said he is “highly confident” that gold will be over $2,000 ounce three years from now.
New opportunity for silver: Demand to see a shake-up after COVID-19 outbreak — BMO
(Kitco News) – After the COVID-19 outbreak peaks, countries around the world will begin efforts to re-start their economies and silver will greatly benefit from these actions as it embraces a new position in the commodity world — an ‘infrastructure’ precious metal, according to BMO.
$2,000 gold prices still in sight; stimulus to provide boost – WisdomTree
(Kitco News) – Gold prices could still climb at least 20% higher from current levels due to increased monetary and fiscal stimulus, according to Nitesh Shah, director of commodity research at WisdomTree.
Read moreNeed to get past Q2 volatility, but Natixis sees gold price pushing to $1,900 By Q4
(Kitco News) – The gold market is consolidating just below $1,700 after prices hit a fresh seven-year high Tuesday. Although bullish sentiment remains strong in the gold market, one analyst is warning investors that the second quarter could still be di…
Read moreGold erases early losses as bulls buy the dip
(Kitco News) – Gold prices are trading modestly up in midday U.S. trading Wednesday. Overnight and early trading saw a normal corrective price pullback in an uptrend after gold hit a 7.5-year high of $1,742.60 on Tuesday, basis June Comex futures.
Read moreRoxgold: 1Q output leaves company on pace for 2020 guidance
(Kitco News) – Roxgold Inc.’s (TSX: ROXG) preliminary first-quarter production at the Yaramoko mine complex in Burkina Faso leaves the company on pace to meet its 2020 production guidance, the company said Wednesday.
Read moreRoxgold: 1Q output leaves company on pace for 2020 guidance
(Kitco News) – Roxgold Inc.’s (TSX: ROXG) preliminary first-quarter production at the Yaramoko mine complex in Burkina Faso leaves the company on pace to meet its 2020 production guidance, the company said Wednesday.
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