Newmont CEO sees gold ‘elevated,’ but will keep plans grounded
Company plans to focus on improving margins and investing in existing projects that make money at lower prices.
Latest Stories
SolGold kicks off drilling at Porvenir
Initial work indicates a sequential vein development similar to the Alpala deposit.
BHP sees profit in a world speeding up climate action
Key polluters, including miners and oil producers, are under increasing pressure from major investors to take more ambitious measures to curb emissions.
Palladium market deficit to narrow significantly in 2020 – report
In other PGMs, platinum is forecast to move into a bigger surplus, while rhodium's market deficit is expected to deepen.
CIBC issues new forecasts for gold and silver prices
Bank has raised its gold price forecasts to $2,300 per oz. in 2021, $2,200 per oz. in 2022, $2,100 per oz. in 2023 and $2,000 per oz. in 2024.
Pan African counts on gold price to maintain strong growth, says CEO
The South African gold miner posted a 92.4% increase in its headline earnings per share.
First Quantum stock surges – expects no more covid disruptions
The Cobre Panama mine, which was shut in early April by order of Panama's health ministry, has not had any covid-19 cases on site since May.
Vale targets 400m tonnes of iron ore capacity per year
The company currently has the capacity to produce 318 million tonnes a year.
Petra finds five blue diamonds but no clear path to recovery
While the discovery is a boost for the struggling diamond miner, it won’t be enough to turn around Petra's fortunes.