MINING PEOPLE: Central Timmins Exploration, Kinross Gold, Marathon
Key moves in the mining sector.
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Glencore invests more in Ireland neighbour Group Eleven
Diversified major Glencore will invest C$750 000 in exploration and development group Group Eleven Resources, which owns the Stonepark project adjacent to its Pallas Green project, in Ireland.
Glencore Canada will buy 15-million units in TSX-V-listed …
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Gold extends gains after May Empire State manufacturing index reading of minus 48.5
(Kitco News) – Gold prices extended their gains after the general business conditions index in the Empire State manufacturing was a negative 48.5 reading in May after minus 78.2 in April. Spot gold was last up $11.90 to $1,742.60 an ounce.
Gold extends gains after May Empire State manufacturing index reading of minus 48.5 Read More »
Gold price pushes to session highs following 16.4% drop in April retail sales
(Kitco News) – Gold prices are at session highs holding near a one-month high and is reacting slowly to extremely disappointing economic data as U.S. consumers forced to stay at home last month significantly cut back on shopping.
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Israel’s diamond industry grinds to halt amid coronavirus
Israel’s economy is slowly returning to normal with the gradual easing of its lockdown, but the once vibrant diamond exchange floor in Tel Aviv remains shut and the diamond district, one of the world’s main trade and polishing centres, is still desert…
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Gold, silver prices up as safe-haven bids getting stronger
(Kitco News) – Gold and silver prices are up in early U.S. trading Friday, with silver posting strong gains.
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Turquoise Hill updates mine design for Oyu Tolgoi underground
Rio Tinto-controlled Turquoise Hill has completed the an updated mine design for Panel 0 – the first panel of mining at its Oyu Tolgoi underground project – narrowing the previously announced cost overrun and delay ranges.
The approved design is based…
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FXTM: $1,800 gold prices ‘just a matter of time’
(Kitco News) – Gold reaching $1,800 an ounce is “just a matter of time,” said Han Tan, market analyst at FXTM. Comex June gold rose to a three-week high of $1,748.90 an ounce overnight.
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Commerzbank: gold prices, ETF inflows remain strong
(Kitco News) – Holdings of gold by exchange-traded funds keep rising as a number of factors keep pushing prices higher, said Commerzbank analyst Carsten Fritsch. Comex June gold hit a high of $1,748.90 an ounce overnight
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Bitcoin daily chart alert – Bulls in technical control amid uptrend – May 15
(Kitco News) – Bitcoin-U.S. dollar prices are weaker Friday on a normal corrective pullback from recent gains.
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