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New Gold posts net loss of $37.9M in a 'challenging' second quarter
Published: Friday, 05 August 2022 20:00 | 
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| (Kitco News) - New Gold (TSX: NGD) yesterday reported gold equivalent production of 70,514 ounces in Q2 2022 (52,431 ounces of gold, 7.4 million pounds of copper and 117,318 ounces of silver), down 33% compared to Q2 2021 (105,705 gold eq. ounces).
Jobs report a 'game changer' for gold price, focus shifts to next week's inflation numbers
Published: Friday, 05 August 2022 20:00 | |
| (Kitco News) - With the surprisingly strong employment situation in the U.S., the Federal Reserve won't be pivoting from its aggressive tightening cycle in September, which will hurt gold in the short term, according to analysts. The focus next week will be on the highly-anticipated inflation numbers.
Wall Street on the sidelines in gold market as blockbuster NFP raises calls for Fed to hike 75 basis points in September
Published: Friday, 05 August 2022 20:00 | |
| (Kitco News) - The gold market is seeing its third week of gains; however, sentiment is again shifting, as prices cannot break above $1,800 an ounce, according to the Kitco News Weekly Gold Survey.
Impala Platinum expects FY2022 earnings to fall, flags several operational challenges
Published: Friday, 05 August 2022 20:00 | |
| (Kitco News) - Impala Platinum (JSE: IMP, Implats), a leading producer of platinum group metals (PGM), announced Friday that for the year ended 30 June 2022 (FY2022), its concentrate production declined by 3.6% to 3.17 million 6E PGM ounces compared to the previous year.
MP Materials says its Q2 net income up 170% to $73.3 million on strong rare earth prices
Published: Friday, 05 August 2022 20:00 | |
| (Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q2 2022, its net income increased 170% year-over-year to $73.3 million due to higher realized rare earth prices.