Kitco Newsn

(Kitco News) – IMPACT Silver (CVE:IPT) said earlier this week that its Royal Mines of Zacualpan Silver District in Mexico has restarted per the Mexican government decree.

(Kitco News) – After a slowdown due to COVID-19, KAZ Minerals said its capital expenditure guidance of $150 million for 2020 remains in place for “one of the world’s largest undeveloped copper assets.”

(Kitco News) – Caledonia Mining (NYSE:CMCL) said it will drop trading on the Toronto Stock Exchange due to cost and low-trading activity, the company said Friday.

(Kitco News) – Boliden said Thursday that damage from a fire in late May is estimated to cost the Nordic miner SEK 200 million (US$21.78 million).

(Kitco News) – Russian diamond giant, ALROSA, said Friday that Q1 revenue was RUB 63 bn (US$920 million), a 3% quarter-on-quarter decline amid a 14% decline in the average realised price of its product.

(Kitco News) – Wall Street is mixed on the direction of gold prices next week, although Main Street remains bullish, according to the weekly Kitco News gold survey.

(Kitco News) – Gold futures fell to their lowest level in roughly six weeks after the monthly U.S. jobs report showed that nonfarm payrolls rose by 2.5 million jobs in May as Americans started returning to work after COVID-19 lockdowns.

(Kitco News) – Gold prices are sharply lower and hit a six-week low in early U.S. trading Friday, in the immediate aftermath of a stunning and completely unexpected big rise in U.S. jobs in May.

(Kitco News) – The gold market has been unable to hold support around $1,700 an ounce and struggling to find positive momentum after the U.S. economy surprisingly added jobs last month.

(Kitco News) – Credit Suiise hiked its gold-price forecasts Friday, saying that supportive influences include lower and negative yields, weakness in the U.S. dollar and eventual inflationary pressures.