Kitco News
(Kitco News) – Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, said today that its gold production in Q1 2022 was 11,408 oz (Q4: 12,244 oz), in line with guidance provided in January 2022.
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Kitco News
(Kitco News) – Atico Mining (TSX.V: ATY) announced today that in Q1 2022, the company produced 4.82 million pounds of copper and 2,636 ounces of gold in concentrates, an increase of 7% and 24% for copper and gold, respectively, over the same period in 2021.
The post Atico reports ‘above budget’ copper and gold production in Colombia in Q1 appeared first on WorldSilverNews.
Bloomberg/Lisa Abramowicz/4-24-2022
“All this suggests one of two things: either the world’s most important central bank has lost control over inflation, or it isn’t going to even try to get it back down to their 2% target.”
USAGOLD note: So where does that put us? To control the narrative, says Abramowicz, “it has to take bold actions to match its tough talk.” With such a wide disparity between the inflation reality and the Fed’s target, few believe that is going to happen anytime soon.
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Bloomberg/Alice Gledhill/4-25-2022
‘The inflation scare that’s dominated much of the investment backdrop this year keeps finding new ways to send shockwaves through markets. On Monday, investors awoke to the idea of China locking down Beijing — a city of more than 20 million people — adding to worries about supply stresses that are keeping the heat on prices.”USAGOLD note: Bloomberg raises the prospect of the markets getting blindsided by the new wave of Covid lockdowns in China – a supply-side factor not in the market picture ten days ago. Then of course, there’s the other side of the equation: Markets will be taking into account the reduced demand for commodities in China (like oil), which translates to a deflationary influence. Nothing is easy these days.
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