Gold
Gold production to decrease 1.7% in 2020
The cessation of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, according to GlobalData. According to the data and analytics firm, all of the world's top gold …
Pan African Resources counts on a multi-year gold boom
South African gold mining company Pan African Resources could maintain its strong earnings growth rate and dividend payout in the current financial year if gold prices stay at current levels, its boss Cobus Loots said on Wednesday. Pan African, which produced …
Less Gold is produced in second quarter
The cessation of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, according to GlobalData. According to the data and analytics firm, all of the world's top gold …
Where is Gold heading to?
The latest FOMC statement and economic outlook signal that interest rates will stay at zero through the end of 2023. This is excellent for gold. On Wednesday, the Federal Reserve issued a statement on the FOMC meeting, which was held September 15-16. The US …
Gold is again on its way to 2,000 USD
Gold rose on Monday on a weaker US dollar, and expectations that the US Federal Reserve will repeat its numb monetary stance later this week helped reinvigorate investor interest in precious metals. Spot gold rose nearly 1.0% to $ 1,959.44 an ounce through …
Gold mining companies still hesitant to increase production
The world's leading gold mines are declining after Covid-19-related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth. Gold prices have soared 30 percent to about $ 2,000 …
A positive outlook from the US could stop the current gold price boom
The US labor market improved in August, although the headlines paint too rosy a picture. What does this all mean for the gold market? Good news for the US labor market: According to the BLS, the American economy has regained 1.4 million jobs while the …
Newmont rumors cause Orosur shares to soar
Orosur Mining Inc. \\\[OMI-TSX, AIM\\\] shares rallied Thursday, September 3, after the company said it was informed that Newmont Goldcorp Corp. \\\[NGT-TSX; NEM-NYSE\\\] will continue to exercise its rights under an option agreement for the Anza Project in …
Revival Gold is restarting its Idaho mine
Revival Gold inc. is working on the recommissioning of Beartrack-Arnett, Idaho's largest past producing gold mine. The mine is also home to the second largest known gold deposit in the state. Multi-ounce potential A preliminary economic assessment and drilling …
Maduro is betting on gold while his country is shipwrecked
Does gold equate to money? Venezuelan President Nicholas Maduro certainly seems to believe that. After all other options have been exhausted and there is no more room on its paper currency to print any more zeros, Venezuela has clung to the idea that gold …