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 palladium, up 5.44%. Recent ETF buying of palladium reflects investor interest in the metal amid geopolitical uncertainties, with holdings rising by 2,384 troy ounces in the latest session, even as Russian supply risks remain a key factor in price volatility.
According to CIBC, Fortuna Mining reported headline earnings of $0.04 per share, below consensus of $0.16 per share. Headline earnings had to be adjusted for several items, including a write-off of mineral properties, to arrive at adjusted earnings of $0.12 per share, but still below consensus. Q4 all-in sustaining costs came in at $1,772 per gold equivalent ounces , higher than their estimate of $1,701 per GEO.
The platinum market is set for its third consecutive deficit following a shortfall of almost a million ounces last year, according to an industry report. The gap in the supply of critical materials will amount to about 848,000 ounces in 2025, or 11% of total demand, according to a report by the World Platinum Investment Council, a trade association.
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