According to the company’s statement, the global mineral resources for the Mallina project, including Hemi, increased to 9.0Moz. The company said that its exploration team has taken Hemi from discovery to a Tier 1 scale 6.8Moz gold deposit in a short timeframe. The company noted that the project studies, including metallurgy, geotechnical, mining, environmental, infrastructure […]
The company said that an updated mineral resource estimates benefited from nearly 130,000 metres of drilling across the deposits since the 2019 MREs. Importantly, the permitting process to allow for an expansion of the Bachelor mill to 2,400 tpd from the current 800 tpd is approximately 75% complete, the company pointed out. Bonterra is a […]
Tariq said that Credit Suisse sees gold in a holding pattern right now; however, it is still a positive environment for gold producers. “If you had told gold producers years ago that this is the gold price, you’ll have to deal with it. However, the bank is not so optimistic on gold in the long […]
August gold futures were last up $8.40 at $1,785.70 and July Comex silver was last up $0.188 at $26.055 an ounce. lawmakers by Federal Reserve Chairman Jerome Powell this week that higher inflation is only transitory and that the Fed will not put the brakes on its easy money policies too soon. In overnight news, […]
In the rest of the commodities complex, copper has moved up just over half a percent to build on a two-day winning streak and spot WTI trades 0.29% in the black. Looking ahead to the rest of the session highlights include manufacturing and services PMI’s from the major nations, Canadian core retail sales, U.S. …Read […]
The comments come as the price of bitcoin falls to its lowest level since the start of the year. Cuban isn’t the only major investor trying to breathe new life into the bitcoin market. “We might plunge below it for a while and close above it. While bitcoin is struggling to find support, the gold […]
August gold futures were last down $4.90 at $1,778.00 and July Comex silver was last down $0.20 at $25.82 an ounce. Powell’s prepared text for today’s appearance on the coronavirus pandemic, released Monday afternoon, shows him reiterating the rise in inflation is transitory. Reports said Russia is considering proposing OPEC and its allies increase output […]
The Fed chair highlighted items such as cars, airplane tickets, hotel prices. “Those are things that we would look to stop going up and ultimately start to decline,” Powell said, while still being unclear on when that might be. Powell continued to list coronavirus fears, school closures, and the time it takes to find a […]
Basel III is an internationally agreed-upon set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. One of the biggest changes for gold is that the precious metal is being reclassified from a Tier 3 asset, which is the riskiest asset class, to a Tier 1 […]
“The yellow metal’s failure to break north of the $1900/oz range, despite a disappointing non-farm report and strong inflation data, catalyzed some CTA selling as upside momentum waned. The CFTC disaggregated Commitments of Traders report, for the week ending June 15, showed money managers decreased their speculative gross long positions in Comex gold futures by […]
In an interview with Michelle Makori, editor-in-chief for Kitco News, Katusa who is a New York Times best-selling author, fund manager and the founder of Katusa research, an independent investment research firm, maintains that the Dollar’s status as a global reserve currency is not in jeopardy and the U.S. “I get it, the gold guys, […]
August gold futures were last down $1.40 at $1,781.50 and July Comex silver was last down $0.075 at $25.95 an ounce. Powell’s prepared text for today’s appearance on the coronavirus pandemic, released Monday afternoon, shows him reiterating the rise in inflation is transitory. Reports said Russia is considering proposing OPEC and its allies increase output […]
The operation consists of two open pit mines – Los Filos and Bermejal – and an underground mine at Los Filos. An independent feasibility study completed for Leagold in March 2019 outlined the potential to increase gold production at Los Filos to more than 400,000 oz/year. The company’s Mesquite, Castle Mountain, Los Filos, Mercedes, Aurizona, […]
The median price for all home types rose to $350,300 after a record year-over-year increase of 23.6% in May, with every region posting a price hike. …Read the full story
Most of gold’s outflows are likely now done, but the precious metal will remain sensitive to any new macro data, especially employment and inflation, any new Fed speak, the U.S. data unfolds in the lead-up to Jackson Hole, Fed speak, and where real yields and the USD trend to,” Shiels pointed out. There are now […]
