Mining giant Nornickel commences production of carbon-neutral nickel
(Kitco News) – Russian mining company Norilsk Nickel (Nornickel), the world’s largest producer of palladium and high-grade nickel and one of the largest producers of platinum and copper, announced Monday that it has started producing carbon-neutral nic…
Read moreKirkland Lake Gold introduces automatic share purchase plan
(Kitco News) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) announced Monday that it has entered into an automatic share purchase plan (the “ASPP”) with its designated broker to facilitate repurchases of Kirkland Lake Gold’s common shares under its …
Read moreHudbay reports fatal incident at its Lalor mine in Manitoba, underground operations suspended
(Kitco News) – Hudbay Minerals (TSX, NYSE: HBM) today announced that a fatality occurred at its Lalor mine, located in Snow Lake, Manitoba.
Read moreLundin reduces 2021 production guidance for Candelaria due to ore stability concerns
(Kitco News) – Lundin Mining today reported that 2021 production guidance for its Candelaria copper mining complex in Chile is reduced from 172,000-182,000 t of copper and 95,000-100,000 oz of gold to 150,000–155,000 t of copper and 85,000–90,000 oz of gold, on a 100% basis.
ETF gold investors bargain hunt while speculators panic sell
(Kitco News) – A new schism is growing in the gold market. Speculators in the futures markets appear to be at odds with investors in gold-backed exchange-traded products (ETF).
Read moreGold sees corrective price bounce after recent selling pressure
(Kitco News) – Gold prices are moderately up in early U.S. trading Monday on a corrective rebound after dropping sharply last week.
Read moreBitcoin daily chart alert – Bears back in firm control – Jun. 21
(Kitco News) – Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Monday, and not far above the recent lows as the bears have again taken firm near-term technical control of the market.
Read moreIron ore dips after Chinese regulators launch probe
(Kitco News) – The Chinese state planner, the National Development and Reform Commission (NDRC) has announced they are to research hoarding and speculation in the Iron ore market.
Read moreThe gold price has recovered but there is some traffic ahead
(Kitco News) – Gold is having a mini-revival at the start of the week but it looks like it’s too early to be popping champagne bottles. There are lots of important resistance levels in the way of a recovery on the 4-hour gold futures chart below.
Read moreGold and silver trade higher leading into the European session
(Kitco News) – Gold has moved 0.80% higher overnight and trades at $1777/oz leading into the European open. Silver is also up around the same amount and continues to flirt with the $26/oz psychological level. In the rest of the commodities complex, cop…
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