Russian diamond giant ALROSA recommends all-time high dividend
(Kitco News) – Russia’s ALROSA, the leader of the world’s diamond mining industry, reported Wednesday that its supervisory board recommended allocating all-time high half-year dividends for H2 2020 amounting to RUB 70.3 bn (~$942 million), or RUB 9.54 …
Read moreGold, silver pull back on profit taking; no reaction to FOMC statement
(Kitco News) – Gold and silver prices are moderately lower in midday U.S. trading Wednesday but up from daily lows, as some profit taking from the shorter-term futures traders was featured after recent gains.
Read moreGold price remains under pressure as Federal Reserve downplays rising inflation
(Kitco News) – Gold prices are seeing little movement Wednesday afternoon after the Federal Reserve downplayed rising inflation and reiterated its stance that it is in no hurry to tighten monetary policy anytime soon.
Medusa reports gold production setback in the Philippines
(Kitco News) – Medusa Mining reported today that gold production at its Co-O mine in the Philippines for the March quarter 2021 was 18,359 ounces, a 30% decline compared to December quarter 2020.
Read moreAustralian gold miner St Barbara reports lower production in Canada
(Kitco News) – Australian gold mining company St Barbara reported today that its consolidated gold production was 82,303 ounces in March quarter 2021, a 8% decline compared to the previous quarter (89,670 ounces).
Read moreSurge in copper prices boosts Teck’s profit in Q1 2021
(Kitco News) – Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) today announced that its copper production of 71,700 tonnes in Q1 2021 was similar to a year ago.
Read moreIt’s too early to call bitcoin the new gold, says Goldman Sachs
(Kitco News) – After the recent rise in risk-off sentiment due to a renewed surge in coronavirus cases worldwide, bitcoin failed as a defensive asset, which shows that it is too early to rely on it as the new digital gold, according to Goldman Sachs.
Read moreGold price won’t push above $1,900 until 2022 – Murenbeeld & Co
(Kitco News) – Not only has gold struggled to find enough traction to break above $1,800 an ounce, but one market analyst is warning investors they might not see $1,900 an ounce until next year.
Read morePalladium on its way to $3,000 as supply-demand imbalance grows – analysts
(Kitco News) – A deepening fundamental supply/demand imbalance in the palladium market has propelled prices to new all-time highs. Analysts think this is the start of another bigger move with the potential for the precious metal to rise past $3,000 an …
Read morePrice pressure on gold, silver as bond yields on the rise
(Kitco News) – Gold and silver prices are solidly lower in early U.S. trading Wednesday, on some profit taking from the shorter-term futures traders after recent gains, and as U.S. Treasury bond yields are on the rise again.
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