Barrick shareholders approve $750M return of capital distribution
(Kitco News) – Barrick Gold (NYSE:GOLD)(TSX:ABX) announced Tuesday that the $750 million return of capital distribution proposed by the company’s board was supported by over 99% of the shares voted at today’s meeting. This will be paid in three tranches in the course of 2021.
Osisko Mining keeps drilling high-grade gold at Windfall
(Kitco News) – Osisko Mining (OSK:TSX) today released new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
BeMetals boosts mineral resources at South Mountain
(Kitco News) – BeMetals (TSXV:BMET) today announced an updated mineral resource estimate (“MRE”) for the South Mountain polymetallic project in southwestern Idaho, U.S.A.
Read moreRussia is concerned with sudden metals price surge as it looks into price control measures
(Kitco News) – Russia is looking at the sudden metals price surge after receiving a number of complaints from consumers.
Read moreUnleashed inflation ‘genie’ to send gold prices higher – Ned Davis Research
(Kitco News) – The gold market is struggling to find enough bullish momentum to break its chains and push above $1,800 an ounce; however, one market analyst says that it is now time to focus on the precious metal’s long-term potential as inflation pressures start to rise.
New Found drills 2,202 gram-meter gold near surface at Keats
(Kitco News) – New Found Gold (TSXV: NFG) (OTC: NFGFF) today announced high-grade drill results from four additional holes drilled at the Keats Zone, which is a part of the company’s 100%-owned Queensway project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland.
All markets tumble as fear rises; ‘significant collapse’ is underway – Chris Vermeulen
(Kitco News) – Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of TheTechnicalTraders.com, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets.
Read moreEndeavour Silver intersects 19,390 g/t Ag at Guanacevi
(Kitco News) – Endeavour Silver (TSX: EDR, NYSE: EXK) announced Tuesday that it has intersected high grade silver-gold mineralization in its 2021 exploration drill program to expand the El Curso orebody at the Guanacevi mine in Durango State, Mexico.
Read moreTop jewelry brand drops mined diamonds
(Kitco News) – Pandora Diamonds announced Tuesday it will no longer use mined diamonds, and instead, it will use lab-created diamonds.
Read moreGold price to fall $200 by year-end despite stronger physical demand, says Capital Economics
(Kitco News) – The recent rebound in consumer appetite for physical gold will not stop prices from falling to $1,600 an ounce by the end of the year, according to Capital Economics.
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