Nomura revises 2020 outlook for global GDP to minus 4%
(Kitco News) – Nomura Global Economics, which has been downwardly revising its expectations for global economic growth amid the COVID-19 pandemic
Read moreBBH: jobless claims soar but ‘things will get even worse’
(Kitco News) – U.S. weekly initial jobless claims are likely to keep surging after the record high reported Thursday, said Brown Brothers Harriman.
Read moreBBH: jobless claims soar but ‘things will get even worse’
(Kitco News) – U.S. weekly initial jobless claims are likely to keep surging after the record high reported Thursday, said Brown Brothers Harriman.
Read moreOrla Mining announces C$75 million bought-deal financing
(Kitco News) – Orla is developing the Camino Rojo Oxide Gold Project, an advanced gold and silver open-pit and heap leach project, located in Zacatecas State, Central Mexico.
Read moreThe big difference between now and 2008
(Kitco News) – The dislocation businesses and communities are facing staggering. But when COVID-19 restrictions are lifted, Mazumdar said margins for the seniors could see them do quite well.
Read moreGold price at $2,000 is a ‘distinct possibility’ into 2021 — TD Securities
(Kitco News) – Another bullish gold price update comes from TD Securities, which is now projecting a move to $1,800 an ounce and then a jump to $2,000 near year-end.
Read moreLockdowns take a toll on junior exploration companies
(Kitco News) – Major Drilling said it has resources to weather the crisis, but it just drew down a $20 million dollars from its credit facility to ensure access to cash if there is a prolonged slowdown.
Read moreSumitomo Corporation suspends mining operations
(Kitco News) – “Considering the impact of these measures, including difficulties of securing access to the operations for employees and the effects of logistic stagnation, we have decided to suspend operations temporarily to ensure the safety of employ…
Read moreTwo Quebec juniors suspend exploration programs
(Kitco News) – Both companies said they have no confirmed cases of COVID-19. Both have implemented a specific COVID-19 protocol on March 12 to protect its employees.
Read moreAre you late to the gold price party if you didn’t buy 6 months ago?
(Kitco News) – Should you have bought gold six months ago before the world even heard of the coronavirus, which has triggered surging physical demand for gold and could drive prices to new historic highs?
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