Gold investors cash in gains to cover massive losses in equities
Bullion has gained about 6% this week, fulfilling its role as insurance.
Latest Stories
Zambia buys artisanal gold to formalize unregulated mining
Government will use centres for buying gold to bring miners into the formal market.
Three AngloGold miners dead after rockfall at Mponeng mine
Four miners were rescued from the area after a 2 magnitude earthquake.
Altura clinches $202 million finance package
The company had been struggling with funding amid weaker lithium prices.
Russia’s Severstal says two workers die in coal mine accident
The deaths have been caused by methane gas poisoning.
China warns metals firms not to race back from virus
China Nonferrous Metals Industry Association said 76% of its members had gone back to work.
San Marco receives exploration permit for British Columbia property
The permit allows for substantial drilling on the property, which will help test the known mineralized footprint.
Barrick boosts inventory of “key commodities” due to coronavirus
Drawing on experience of combating Ebola outbreaks around its mines in Africa, the gold giant has increased emergency response plans.
Amplats declares force majeure, cuts output forecast
The south African miner lowered total platinum group metals guidance for 2020 from 4.2-4.7 million ounces to 3.3-3.8 million ounces.
