mining

Interest rate cuts should favor gold and Calibre Mining announces $100 million financing

Kitco Media
By Michael McCrae
Published
Updated
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Kitco News - Metals could get a lift with the Fed signaling that it wants to cut interest rates, note mining audiences manager Michael McCrae.

On Saturday McCrae recorded Kitco Roundtable.

Gold ended the week flat with spot at $2165.The metal did spike mid-week. The Federal Reserve has given the all-clear to gold after signaling it still wants to cut interest rates three-times this year, even as inflation remains above the 2% target.

In mining news Calibre Mining (TSX: CXB) announced a C$100 million bought-deal financing at a price of $1.68 per common share of Calibre. Calibre is a mid-tier gold producer with operations in Newfoundland & Labrador in Canada, Nevada and Washington in the U.S., and Nicaragua.

Digging Deep: https://www.buzzsprout.com/2326395
Green Rush: https://www.buzzsprout.com/2326398

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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