Gold price flirts with new highs with market leaning towards June rate cut

MNP will sell the assets and distribute proceeds to creditors

The company is targeting commercial production at Magino by the end of the quarter.

The major gold stocks dominating their sector’s flagship GDX ETF have suffered chronic undervaluation over this past year.

Soaring production from Indonesia is also adding to surpluses.

The Chinese official manufacturing gauge is expected to signal expansion for the first time since March.

The net profit was underpinned by its sale of first lithium products in the second half of the year.

The sector will be responsible for 14% of total demand for silver this year compared with 5% in 2014.

ACG had planned to buy a nickel mine and a copper mine from Appian Capital.

Daily hot metal output among 247 steel mills surveyed by Mysteel climbed to the highest level since October 2020.