The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
The best performing precious metal for the week was gold, off just 0.07%. According to CIBC, Lundin Gold had produced 245,000 ounces gold, tracking in line with full-year production guidance of 450,000-500,000 ounces. First half of 2024 AISC of $872 per ounce compared well to guidance of $820-$890 per ounce.
UBS sees increased risk for further potential value erosion at Sibanye Stillwater. The group believes management is likely to embark on further capital raising exercises, capacity closures and/or project capex deferrals to try and reduce debt levels and limit the cash burn. Allied Gold disclosed it was in the process of arranging a $225-$275 million funding package for its Kurmuk development project in Ethiopia, with terms scheduled to be formalized this month. Funding consists of a $125-$175 million stream plus a $75-$100 million gold prepay agreement. Ethiopia is a less common jurisdiction for foreign mining investment in Africa, and the project lies on the border with Sudan. RBC expects geopolitical risk factors to limit the breadth of potential buyers.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: If gold is poised to move, gold stocks may finally be back in playThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Gold SWOT: Gold Fields has announced that it will acquire 100% of TSX-listed OsiskoThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Ethereum ETFs struggle as Bitcoin ETFs see $252M inflows: Can ETH catch up?Bitcoin ETFs have surged with $252 million in inflows, while Ethereum ETFs struggle, potentially widening Bitcoin's dominance.
Read more »
Will U.S. Bitcoin ETFs pass Satoshi Nakamoto’s BTC holdings in 2025?Is BlackRock’s Bitcoin ETF almost on the track to lead the market? Find out what this means for Bitcoin and the broader crypto market.
Read more »
Did Ethereum ETFs help BlackRock surpass Grayscale’s holdings?BlackRock ETFs holdings surpass Grayscale, hitting $21,217,107,987, while the latter's number stood at $21,202,480,698.
Read more »
Buy into gold ETFs before rate cuts start: StrategistsThe price of gold (GC=F) recently reached a peak of $2,500 per ounce, with global gold ETF assets under management also hitting a new month-end record of...
Read more »