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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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Yamana Gold 1Q output meets guidance; Cerro Moro operations resuming

(Kitco News) - Yamana Gold Inc. (TSX: YRI; NYSE: AUY) reported Monday that first-quarter production was within guidance and that Cerro Moro will be resuming operations after a shutdown due to the COVID-19 pandemic.

Funds trim net-bullish gold positioning but increase silver net length

(Kitco News) - Money managers trimmed their net-bullish positioning in gold futures modestly – but hiked the silver one – during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC).

BMO: gold, silver ETFs post big weekly inflows

(Kitco News) - Investors are continuing to pile into gold and silver exchange-traded funds, said BMO Capital Markets. Analysts noted there have been 10 straight days of inflows into gold ETFs, based on the latest Bloomberg data. Holdings rose by 1.5 million ounces last week.

BBH: jobless claims to be key economic event this week

(Kitco News) - Once again, weekly jobless claims likely will be the key U.S. economic report this week as investors keep trying to gauge how much harm is occurring to the U.S. economy due to lockdown efforts amid the COVID-19 pandemic

Bannockburn: stocks, gold stronger amid 'glimmer of hope'

(Kitco News) - A wide range of markets, including stocks and gold, are higher on a "glimmer of hope" in the world's efforts to combat the spread of COVID-19, said Marc Chandler, managing director of Bannockburn Global Forex.

Michael Holmes named permanent CEO of OceanaGold

(Kitco News) - Michael Holmes has been named the permanent president and chief executive officer of OceanaGold Corp. (TSX, ASX: OGC), the company announced Monday.

Gold prices expected to shine as governments launch stimulus

(Kitco News) - Gold is expected to keep rising from the mid-March lows, based on the weekly Kitco gold-price survey.

Gabelli fund manager Bryan looks at balance sheets, likes Australian gold producers

(Kitco News) - Look for strong balance sheets, pay attention to Australian producers and consider royalty/streaming companies.

Great Panther announces temporary suspension of Mexican operations

(Kitco News) - Great Panther Mining Ltd. (TSX: GPR; NYSE American: GPL) has begun ramping down mining and processing at the Guanajuato Mine Complex and Topia Mine until April 30, making it another of the many producers curtailing mining in response to a directive from the Mexican government to combat the spread of the COVID-19 pandemic, the company said late Thursday.

Torex Gold suspends El Limón Guajes mine output due to Mexico's COVID-19 rules

(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company’s El Limón Guajes mine until April 30 due to rules initiated by the Mexican government to combat the COVID-19 outbreak.