(Kitco News) - Gold enjoyed one of its best five-day stretches of the year this week, and ended with a bang, rocketing to fresh all-time highs in both the spot and futures markets.
On Friday mining audiences manager recorded Kitco Roundtable sponsored by Revival Gold
Gold broke definitively through $2,500 to end the week at $2,508. Silver was up, too, ending the week at $29 ounce.
The week started off with M&A. Osisko Mining (TSX:OSK) will be acquired by Gold Fields for $1.57 billion (C$2.16 billion) in an all-cash transaction.
Early this week Barrick Gold filed its Q2. Analysts had been following the second quarter results of all the gold miners to see how strongly the companies might perform off record high prices for the metal. Net earnings at Barrick were up 25% and the attributable EBITDA margin was up 17% quarter on quarter to 48%. Barrick traded up on the news.
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Kitco Roundtable is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.
Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
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