Kitco Newsn

(Kitco News) – Sabina Gold & Silver Corp. (TSX: SBB) is deferring its spring drilling program at the Goose site on its Back River gold project in Nunavut, Canada, until later this year as a precautionary measure due to the COVID-19 virus outbreak aroun…

(Kitco News) – The gold market found a little short-term momentum Tuesday after data showed a sharp drop in consumer activity last month.

(Kitco News) – Mining giant Vale said this week that the company is placing its Voisey’s Bay nickel mine in Labrador on “care and maintenance” for the next four weeks due to the global COVID-19 virus outbreak.

(Kitco News) – Gold and silver prices are trading down in early U.S. trading Tuesday, but not in the panic-type fashion seen on Monday.

(Kitco News) – Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) says the expected life of the “revitalized” Veladero gold mine has been extended to at least 10 years after a review of the strategic and business plan.

(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) reported late Monday that the company posted a net loss during 2020 but also said much of this was the result of spending on advanced projects and exploration.

(Kitco News) – Gold prices remain in the “firing line” after recent selling by traders looking to raise cash during across-the-board “market chaos,” said Lukman Otunuga

(Kitco News) – The gold-silver ratio has hit a record high of around 120 on recent heavy selling in precious metals that were probably “overdone” but occurred amid a rush for cash, said BMO Capital Markets.

(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Tuesday. Bulls are working to stabilize prices in an environment where “sell what you can” is prevalent among traders and investors.

(Kitco News) – Precious metals have plunged in the markets, but there is still demand for physical coins in the midst of the coronavirus outbreak, this according to Phil Streible, chief market strategist of Blue Line Futures.