Gold price drops as investors pile into equities
Gold price fell to a two-week low, while the US stock market hit a nine-week high.
Latest Stories
Novo makes new discovery at Pilbara gold project
Earlier this month, Novo recommenced its exploration program at Egina and identified another gold-bearing channel.
Pandemic to cut S.Africa’s mining output by 8-10%
Harmony Gold CEO Peter Steenkamp said it would take a month for its mines to fully ramp up.
Lithium producers must wait as covid slows EV revolution
Investors are giving the cold shoulder to mine developers seeking funding for lithium projects.
Pure Gold raises $9 million from warrants, stock down
The PureGold Red Lake mine is currently the only gold project under construction in Canada.
Scotiabank takes $168 million hit as it shuts historic gold unit
The bank has been caught up in regulatory scrutiny of its precious metals trading.
Sierra Metals waiting on gov’t consent to restart Yauricocha mine
The extension of national lockdown in Peru could delay the mine restart until June 30.
Iron ore defies covid-19 gloom with bullish supply
Softer export numbers from Australia and Brazil suggest that June may see a bit of a pullback in China’s imports.
Taseko starts Yellowhead copper project talks
It will discuss plans to kick off regulatory approval process for Yellowhead with the local First Nation.
