Gold is buffeted by CPI, and a massive landslide in Turkey traps miners
Kitco News - Markets and gold took a steep dive on hotter than expected CPI data mid-week, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable with correspondent Paul Harris. SSR Mining's mining accident at its operation in Turkey was also covered.
Revenue and gold reserves are up at Agnico Eagle, but so are costs
Kitco News - Numbers were way up at Agnico Eagle Mines (NYSE:AEM) due to its acquisition of the remaining 50% of Canadian Malartic.The number three ranked miner by gold production released its year end Thursday evening.Full year gold production was 3.4 million ounces compared to 3.1 million a year ago.Net income was $1.9 billion compared to $670 million thanks to a near $200 jump in the average realized price of gold.
Kitco Mining to announce the Mining CEO Of The Year 2023 at PDAC
(Kitco News) - Kitco Mining will be announcing Mining CEO Of The Year 2023 winners at the Prospectors & Developers Association of Canada (PDAC) convention, which is being held in downtown Toronto, Ontario from March 3-6, 2024.The award recognizes exceptional leadership, vision, and dedication in guiding a company to new heights of success and investor returns. There will be awards for both the operating and non-operating categories.
Can mined diamonds stage a comeback? Paul Zimnisky sees demand for synthetic diamonds starting to plateau
(Kitco News) - Mined diamonds may finally be finding their footing after a rough start to the decade, said independent diamond industry analyst Paul Zimnisky.On Thursday Zimnisky spoke to Kitco Mining.
Druckenmiller bets on the world’s two largest gold producers
(Kitco News) - The gold market and mining equities have struggled as investors have avoided the sector like the plague; however, sentiment could shift as at least one billionaire investor sees value in the industry.According to updated F-13 regulatory filings, Stanley Druckenmiller’s Duquesne Family Office dumped its holdings in Google’s Alphabet (Nasdaq: GOOGL), Alibaba Group (NYSE: BABA) and Amazon (Nasdaq: AMZN) in the fourth quarter of 2023.