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Allen Sykora

Allen Sykora

Senior Reporter

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Allen Sykora reports on precious metals and the mining industry for Kitco News. He has covered foreign-exchange and commodity markets for Futures World News, Dow Jones Newswires and Kitco for 25 years. He holds a mass communications degree from Mankato State University in Minnesota and worked as a reporter and editor at newspapers in Minnesota, Iowa and Alaska before becoming a financial journalist.

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Main St. Overwhelmingly Bearish On Gold; Wall St. Bullish

Main Street may be more bearish than ever on the direction of gold prices in the next week, while Wall Street leans bullish, based on the weekly Kitco News gold survey.

MKS Cites 'Robust' Physical Demand For Gold In Asian Trading

Gold is attracting “robust” physical buying in Asia, helping prices bounce modestly overnight, says MKS (Switzerland) S.A. As of 7:38 a.m. EDT

With Silver Tanking, How Badly Will Miners Hurt?

Some primary silver producers are no doubt feeling pain these days after the sell-off in silver prices so far this year, but don’t look for major supply cutbacks any time soon, analysts said.

Osisko Mining Inc. Agrees To Acquire Beaufield Resources

Osisko Mining Inc. (TSX: OSK) has agreed to acquire all shares of Beaufield Resources Inc. (TSXV: BFD), the two companies report.

U.S. Jobless Claims Fall 2,000 To 212,000

Kitco News reports on U.S. jobless claims in week to Aug. 11

Roxgold Reports Higher Profit, Gold Output

Roxgold Inc. (TSX: ROXG) reports a higher profit and output in the second quarter.

Gold Remains Soft After Rise In Empire State Manufacturing Index

Kitco News reports on New York Fed’s Empire State manufacturing survey for August

Paulson Maintains Gold Position During 2Q Despite Price Decline

The hedge fund Paulson & Co., overseen by well-known hedge fund manager John Paulson, stayed the course on its position in the world’s largest gold exchange-traded fund during the second quarter even though the price of the precious metal fell, filings show.

Wheaton Precious Metals Reports Higher 2Q Adjusted Profit

Streaming company Wheaton Precious Metals Corp. (TSX, NYSE: WPM) late Tuesday reported a rise in its second-quarter adjusted profit as revenues got a boost from higher gold sales and prices.

Donlin Gold Project In Alaska Gets Major Federal Permits

The giant Donlin gold project in southwestern Alaska has received major permits from the federal government, owners Barrick Gold Corp. (NYSE, TSX: ABX) and NovaGold Resources Inc. (TSX, NYSE American: NG) announced in a joint statement.