How high would gold price be if not for bitcoin?
(Kitco News) – With bitcoin still holding investors’ attention this year, is gold falling behind? Many analysts say that gold’s price action is being hurt by all the money going into cryptos.
Forget hyperinflation; Why the U.S. is becoming Japan, not Zimbabwe – Michael Lee
(Kitco News) – Forget hyperinflation; Why the U.S. is becoming Japan, not Zimbabwe – Michael Lee
Copper is due for a comeuppance
(Kitco News) – On Friday editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae discussed mining and metal events over the past week on Kitco Roundtable. Special guest was Sean Roosen, executive chair of Osisk…
Read moreMay’s gold price is all about inflation expectations as hot U.S. data tests Fed’s ‘too early to taper’ stance – analysts
(Kitco News) – Next week’s U.S. data will be running hot, and gold will be closely following the market’s inflation expectations as commodities continue to surge, analysts told Kitco News.
Read moreGold’s a horse that just won’t run
(Kitco News) – Gold investors are ending another frustrated week as the precious metal can’t seem to get through $1,800 an ounce.
OceanaGold delivers strong operational and financial results in March quarter
(Kitco News) – OceanaGold (TSX: OGC) announced today that for the quarter ended March 31, 2021, the company produced 83,191 ounces of gold, reflecting a 3% increase over the previous March quarter.
Read moreSouth Africa’s Sylvania doubles net profit on strong PGM market
(Kitco News) – Sylvania (AIM: SLP), a lower-cost producer of platinum group metals (PGM) with operations located in South Africa, announced Friday that its Sylvania Dump Operations (SDO) produced 17,420 PGM ounces in March quarter 2021, a 5% decrease compared to 18,363 ounces in December quarter 2020, but in line with management’s projections for the quarter.
Codelco posts $1.627 billion in profits in blow out quarter
(Kitco News) – Codelco reports $1.627 billion in profits in the first three months of the year, the highest in over a decade.
Read moreRobex reports gold production decline in Mali in first quarter
(Kitco News) – Robex Resources (TSXV: RBX/FWB: RB4), a gold mining company focused on Mali, reported today that in 2020, the company’s gold sales were $120.8 million compared to $99.2 million in 2019. Operating income was $48.5 million compared to $21.4 million in 2019.
Gold bulls frustrated by disappointing price action and are taking a break
(Kitco News) – Frustration is creeping into the gold market as the price has been unable to break above $1,800 an ounce even in a market environment that is seeing rising inflation pressures, ultra-accommodative monetary policy, and a government that w…
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