The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Featuring views and opinions written by market professionals, not staff journalists.The best performing precious metal for the week was silver, up 6.60%. Montage Gold announced their 2024 short-term incentive plan which highlights the aligned interests of the management and the shareholders to drive forward the Koné project's construction and development.
Endeavour Mining says it is studying the damage from the leak of poisonous liquid at its second-biggest mine located in southern Ivory Coast. Early reports show that a broken valve leaked 3,000 liters of mud containing cyanide into a canal within the perimeter of the mine, according to Bloomberg. Canaccord views the Red 5-Silver Lake merger as logical with clear benefits for both companies, namely absolving Silver Lake's relatively short mine life overhang, and rectifying Red 5's single asset exposure and net debt position. Red 5’s large reserve base and Silver Lake's strong balance sheet marry neatly, giving the enlarged entity the opportunity to aggressively pursue internal optimization initiatives as well as potential inorganic opportunities.According to Mining.
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