Kitco News
(Kitco News) – Newmont (NYSE: NEM, TSX: NGT), the world’s top gold mining company, announced today that its Board of Directors declared a quarterly dividend of $0.55 per share of common stock, payable on September 23, 2021 to holders of record at the close of business on September 9, 2021.
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Kitco News
(Kitco News) – Chile-focused copper mining company Antofagasta (ANTO:LSE) reported today that the group’s copper production in Q2 2021 was 178,400 tonnes, a decrease of 2.5% compared to the previous quarter, mainly because of lower recoveries at Centinela Cathodes and expected lower grades at Zaldívar.
The post Antofagasta reports H1 2021 copper production in line with expectations appeared first on WorldSilverNews.
MarketWatch/Satyajit Das/7-19-2021
“Investors are captive to Modern Monetary Theory (MMT) and its convenient non-answers to the vexed issues of economic stagnation, unsustainable public finances and debt. People’s savings are underwritten by high asset prices, courtesy of this novel brand of economics.”
USAGOLD note: According to Modern Monetary Theory, governments cannot go bankrupt because they can print money. At the same time, when money printing leads to inflation, it is the citizenry that is harmed. “By a continuing process of inflation,” wrote John Maynard Keynes in The Economic Consequences of Peace (1919), “governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.” Mr. Das article is highly recommended.
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The Rio Times/Staff/7-17-2021
“After years without substantially changing the amount of gold in its international asset reserves, the Brazilian Central Bank headed by Roberto Campos Neto bought 41.8 tons of the metal in June.”
USAGOLD note: The trend of aggressive central bank gold buying continues……It would be interesting to know if the metal was purchased in the open market or by private arrangement.
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