Bluestone appoints Jack Lundin as CEO, announces financing
(Kitco News) – Bluestone is advancing its Cerro Blanco Gold, located in Guatemala. Lundin Gold’s Fruta del Norte, which poured its first gold bar in November, is located in Ecuador where Jack Lundin worked as project superintendent.
Caledonia Mining raises guidance, stock jumps
(Kitco News) – Caledonia said earnings per share will be revised up from 86 cents to $1.17 per share. The new estimate is between $1.55 to $1.75 per share.
Read moreCentamin to spend $37 million on solar power
(Kitco News) – Total ounces produced last year was 480,529 with an all-in-sustaining cost of $792 per ounce sold.
Read moreGold, silver see solid gains as coronavirus scare intensifies
(Kitco News) – Gold and silver prices are solidly higher in midday U.S. futures trading Thursday, on safe-haven demand.
Read moreMalaysian gov’t allows waste disposal site for Lynas
(Kitco News) – Rare earth miner Lynas Corporation (ASX:LYC) said today that the Malaysian government consented to the company building a permanent disposal site.
Read moreSP Angel: ‘we maintain a bullish outlook for gold’
(Kitco News) – Commodities brokerage SP Angel said “we maintain a bullish outlook for gold” due to a slew of factors, including potential for interest rates to fall further in the U.S., China and Europe due to economic concerns.
Read moreGold, silver prices gain as coronavirus fears quickly return
(Kitco News) – Gold and silver prices are higher, with silver posting solid gains, in early U.S. futures trading Thursday. Marketplace focus Thursday is right back on the coronavirus outbreak that is spreading.
Read moreGold unfazed by 7,000 decline in U.S. jobless claims to 216,000
(Kitco News) – Gold prices moved little after Labor Department data Thursday showed that initial weekly U.S. jobless claims fell by 7,000 to a seasonally adjusted 216,000 in the week to Saturday. Spot gold was last up by 60 cents to $1,577 an ounce.
Read moreGold price holding steady as Q4 GDP rises in line with expectations, personal spending disappoints
(Kitco News) – Gold prices are holding steady gains as the U.S. economy ended the year in line with expectations, according to the first reading of the fourth-quarter gross domestic product report showed weak growth from October to December.
Read moreBitcoin daily chart alert – Bulls remain strong – Jan. 30
(Kitco News) – Bitcoin-U.S. dollar prices are steady to higher in early U.S. trading Thursday and near this week’s 11-week high. There has been continued safe-haven demand amid concerns about a pandemic coming from the current coronavirus outbreak.