Precious Metals

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Gold markets hit historic heights amid economic policy uncertainty

ByVictoria
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The most recent trading sessions have showcased gold’s resilience and volatility. Following a sharp decline of $45 per troy ounce in spot gold and a $63 drop in April futures on Friday, February 14, the market demonstrated strong recovery momentum. After the Presidents’ Day holiday closure, Tuesday’s trading saw spot gold gain $36.97, and the April futures contract gaining $60.70, nearly reaching the record levels established on February 12.

Source – KITCO News / Opinion

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Barrick Gold signs new agreement with Mali’s government

ByVictoria
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Barrick Gold (NYSE:GOLD) +3.2% in Wednesday’s trading to its highest in more than two months following a Reuters report that the miner has signed a new agreement with Mali’s government, which would end the dispute over the company’s mining assets in the country.

As part of the new deal, Barrick (GOLD) reportedly will pay 275B CFA francs, or $438M, to the government in return for the release of detained employees and seized gold, allowing for the restart of operations at the Loulo-Gounkoto mine.

Source – Seeking Alpha / Reuters

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Resolute Mining generating cash despite Mali limbo

ByVictoria
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The Mali situation will rumble on for some time: the company has already paid the country $160mn, agreed while Holohan was still detained, but will only have its longer-term future confirmed once signed on to the 2023 mining code. Berenberg analysts have slashed their cash profit forecasts for 2025 and 2026 by 34 and 39 per cent, respectively, taking them to $261mn and $219mn. 

Source – Investors Chronicle

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Ivanhoe Mines Unveils Independent Phase 2 and Phase 3 Expansion Studies

ByVictoria
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Mokopane, South Africa–(Newsfile Corp. – February 18, 2025) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the company’s subsidiary, Ivanplats, and its partners, welcome the positive and significant results from two independent technical studies completed on the Phase 2 and Phase 3 expansions of the tier-one Platreef platinum, palladium, rhodium, nickel, gold, and copper mine in South Africa.

Ivanhoe Mines’ Founder and Co-Chairman, Robert Friedland commented: “The results of these studies mark the culmination of three decades of tireless efforts by thousands of our people to discover, then delineate, and finally build a world-class, polymetallic mining complex that will have a life span of many human generations.

Source – Junior Mining Network

Fantastic study and very detailed article to fill your day with. -V. 🙂

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AngloGold profit surged and boosting payouts

ByVictoria
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AngloGold Ashanti (AU.N), is boosting payouts to investors, it said on Wednesday, after its profit surged to $954 million last year from a loss of $46 million in the prior year, buoyed by the precious metal’s rally to record highs.

Shares in the company however fell as much as 7.4% in early trading in New York.

CEO Alberto Calderon said the gold price rally had given AngloGold the strongest balance sheet position in more than a decade, and it is “able to pass on those benefits to shareholders in a more generous dividend policy”.

Source – Reuters

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Gold continues to climb, tariffs increase demand

ByVictoria
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Gold prices rose to a record high on Wednesday on safe-haven demand following U.S. President Donald Trump’s latest tariff threats, while investors awaited minutes of the Federal Reserve’s January policy meeting.

Spot gold surged to an all-time high of $2,946.85/oz earlier in the session and was last down 0.2% at $2,928.88 as the dollar crept higher as of 12:17 pm ET (1714 GMT).

“We are in a state of unusual-heightened uncertainty… the catalyst is the tariffs and trade talks or threats that are going on around the world,” which is supporting the prices, said Paul Wong, market strategist at Sprott Asset Management.

Among other metals, spot silver, used in electrical components, shed 0.7% to $32.64 an ounce, which aims to challenge a 10-year high.

Platinum declined 2.1% to $966.65 and palladium eased 1.9% to $968.43.

Source – Reuters

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Vizsla Silver Gets a Buy from CIBC, shares open

ByVictoria
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In a report released today, Cosmos Chiu from CIBC maintained a Buy rating on Vizsla Silver (VZLA – Research Report), with a price target of C$5.00. The company’s shares opened today at $2.28.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vizsla Silver with a $3.26 average price target.

Source – Markets Insider

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Gold, Silver, Platinum Forecasts

ByVictoria
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Gold

Gold tests resistance at $2930 – $2940 as traders bet that demand from central banks will stay strong in the upcoming months.

Silver

Silver gains ground as traders react to the strong performance of gold markets. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.

Platinum

Platinum is stuck near the $1000 level as traders wait for additional catalysts.

Source – FXEMPIRE

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Goldman Sachs co-head says gold is his favorite commodity

ByVictoria
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2 reasons. The most important reason is that we think that central bank demand for gold, will structure your main higher.

The second reason is gold is a great hedge against tariff escalation concerns about debt sustainability. Daan Struyven, Goldman Sachs co-head of global commodities research

Source – CNBC / Video