Kitco News
(Kitco News) – Minera Alamos (TSXV: MAI) announced today that it is in receipt of the complete approval documentation for the company’s La Fortuna gold project in Durango, Mexico.
The post Minera Alamos is one step closer to start construction at Fortuna gold project appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Ero Copper (TSX: ERO) announced today significant increase in mineral reserve and resource estimate along with updated life of mine (LOM) production, capital and operating cost projections for its 97.6% owned NX Gold Mine, located in Mato Grosso State, Brazil.
The post Ero Copper announces 78% increase in gold reserves at NX mine appeared first on WorldSilverNews.
Kitco News
(Kitco News) – KGHM Polska Miedz reports today that in the period from January to October 2020 production and sales of copper by the company were below plan, due to lower-than-planned mined production, a limited supply of scrap in the first half of 2020 in KGHM Polska Miedz S.A. and lower production by KGHM International.
The post KGHM reports copper production increased by 9% in October; year-to-date output is below plan appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Equinox Gold (TSX: EQX, NYSE American: EQX) announced yesterday that commercial production has been achieved at its Castle Mountain gold mine in California, USA.
The post Equinox Gold declared commercial production at Castle Mountain appeared first on WorldSilverNews.
Business Insider/Ben Winck/11-17-2020
“Yet the precious metal is poised to break out in 2021 as inflation concerns take center stage, they added. Goldman holds a $2,300-per-ounce price target for gold, implying a 22% rally from current levels over the next 12 months. Such a bounce would also place bullion at an all-time high.”
USAGOLD note: We referenced this article – the latest from Goldman Sachs commodities analysts Jeffrey Currie and Mikhail Sprogis – in yesterday’s DMR and post the link here for those who may have missed it. Goldman Sachs has been bullish on gold for the past couple of years and remain so going into 2021.
The post Goldman says gold will go to 00 in 2021 on inflation concerns first appeared on Today’s top gold news and opinion.
Reuters/Peter Hobson/11-23-2020
“Driving profit has been the clamor for gold and silver from investors, mainly in Europe and North America, worried the coronavirus pandemic and money-printing by central banks could devalue other assets. These investors pushed gold prices to record highs above $2,000 an ounce earlier this year.”
USAGOLD note: All those banks that decided to close down their precious metals trading desks a few years ago have got to be looking at JP Morgan’s successes with at least a small amount of envy. And according to this article, a good chunk of the profit came from trading in the physical metal itself – a business in which JPM says it is well-connected and securely supplied. It could get the metal when others could not. There is no explanation in the article why that would be.
The post JP Morgan makes record billion in precious metals business so far this year first appeared on Today’s top gold news and opinion.
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The post https://www.usagold.com/cpmforum/2020/11/311021/ first appeared on Today’s top gold news and opinion.