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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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Gold Extends Loss After Existing-Home Sales Fall 1.2% In Jan.

Kitco News reports on U.S. existing-home starts for January

Kirkland Lake Gold Revises Output Guidance Higher

Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) has upwardly revised its consolidated three-year production guidance. The projection was hiked to a range of 920,000 to 1 million ounces for this year, an improvement over the previous projection of 740,000 to 800,000 ounces.

Gold Still Softer After Dec. U.S. Durable-Goods Orders Rise 1.2%

Gold prices pared early losses slightly after a Commerce Department report showed U.S. durable-goods orders rose by 1.2% in December, with spot gold was last down $1.70 to $1,336.10 an ounce.

Newmont Adjusted 4Q Profit Helped By Higher Gold Output, Lower Costs

Newmont Mining Corp. (NYSE: NEM) Thursday reported a slightly higher adjusted profit in the fourth quarter as a rise in production helped offset lower gold prices, plus costs fell.

Hecla Mining Lists 4Q Loss On Lower Prices, Sales

Hecla Mining Co. (NYSE: HL) Thursday reported a fourth-quarter net loss as silver output and the price of metals fell from the same period in 2017.

Pan American Lists 4Q Adjusted Loss; Tahoe Merger Near Completion

Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer, reported an adjusted loss in the fourth quarter as metals prices and sales fell.

Coeur Mining Posts Rise In 4Q Adjusted Net Income

Coeur Mining, Inc. (NYSE: CDE) late Wednesday reported adjusted net income for the fourth quarter of $16.1 million, or 8 cents per share, up from $14.1 million, also 8 cents, in the same quarter of 2017.

Iamgold Reports Adjusted Loss For Fourth Quarter

Iamgold Corp. (TSX: IMG; NYSE: IAG) late Wednesday reported an adjusted loss for the fourth quarter of $16.1 million, or 3 cents per share, compared to a year-ago adjusted loss of $13.8 million, also 3 cents.

TDS: CTAs Helping Send Gold Prices Higher

Commodity Trading Advisers are likely helping to fuel the rally in gold, says TD Securities.

Alamos Gold Doubles Dividend Payouts

Alamos Gold Inc. (TSX, NYSE: AGI) has doubled its dividend payouts, announcing that the board of directors has authorized a change from a one-penny dividend per share quarterly instead of semiannually.