mining

Metals keep rolling after good jobs report, and Couer acquires SilverCrest for $1.7 billion

Kitco Media
By Michael McCrae
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Kitco News - A good jobs report on Friday sustained market momentum.

On Saturday, mining audiences manager Michael McCrae recorded Kitco Roundtable.

According to the Bureau of Labor Statistics, 254,000 jobs were created last month, marking the strongest employment report in six months. The unemployment rate dropped to 4.1%.

Spot gold finished the week at $2,665, roughly unchanged for the week, while silver added $1.20 to hit $32.20.

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On Friday Coeur Mining announced that it would acquire SilverCrest in an all-share transaction valued at $1.7 billion. 

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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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.