Russia accelerates its de-dollarization policy, chooses to settle exports in euro over dollar
(Kitco News) – Russian efforts to ditch the U.S. dollar are ramping up as the share of Russian exports sold in U.S. dollars have tumbled below 50% in Q4 2020 for the very first time, Bloomberg reported citing the country’s central bank data.
Read moreMonument commences gold flotation plant work at Selinsing
(Kitco News) – Monument Mining (TSX-V: MMY) announced commencement of the phase 1 Selinsing Sulphide gold project by adding a flotation plant to the existing processing plant, which will produce marketable gold concentrates from the sulphide ore at Sel…
Read moreSouthern Copper boosts net income 256% despite production challenges – Q1 2021 report
(Kitco News) – Southern Copper, one of the largest integrated copper producers worldwide, today announced that its copper production slightly decreased by 1.5% in 1Q21 when compared with 1Q20.
Read moreUnigold delivers robust PEA for Candelones oxide project
(Kitco News) – Unigold (TSX-V:UGD) today provided the results from the independent Preliminary Economic Assessment (“PEA”) on its 100% owned Candelones oxide project in the Dominican Republic.
Swedish mining giant Boliden doubles net profit despite production disruptions
(Kitco News) – Sweden-based mining company Boliden (Nasdaq Stockholm: BOL) announced Tuesday that its Q1 2021 free cash flow increased by more than 355%, from -845 million Swedish kronor (-$101 million) in Q1 2020 to 2,165 million kronor ($258 million)…
Read moreGold price zeros on Fed’s Powell comments as markets watch for hints of tapering
(Kitco News) – The gold market is focusing on the Federal Reserve this week with all eyes on the central bank’s Chair Jerome Powell’s press conference on Wednesday afternoon as markets watch for any hints of future tapering.
Read moreOsisko Mining drills 296 g/t gold at Windfall
(Kitco News) – Osisko Mining (OSK:TSX) today released new high-grade 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.
Gold a bit weaker as USDX rebounds
(Kitco News) – Gold prices are modestly down in midday U.S. trading Tuesday, on some mild profit taking pressure from the shorter-term futures traders, and amid a firmer U.S. dollar index on this day.
Read moreChina Molybdenum reports 125% net profit surge in Q1 2021
(Kitco News) – China Molybdenum, a globally diversified base, precious and rare metals producer, said today that the company was benefiting from the rising prices of copper and cobalt during Q1 2021, and that the company’s performance has been steadily…
Read moreRussian mining giant Nornickel to buy back its shares for $2B
(Kitco News) – Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced Tuesday that its Board approved a buyback of up to 5,382,865 shares of the company.
Read more