“High iron ore prices in early 2021 are unsustainable, but market fundamentals remain strong," says Moody’s senior VP Barbara Mattos.

Kinross produced 558,777 gold-equivalent ounces (GEOs) in Q1, compared to 567,327 GEOs produced in the same quarter of 2020.

China’s massive physical purchases of iron ore have been the primary driver of the post-pandemic price rally.

China's main copper smelters increased production in April by 0.85% from the previous month.

Company has completed a property acquisition with members of the Christison family and Seven Dot Cattle Co. in Humboldt County, Nevada.

"The new Bateman mill will also accelerate our ability to achieve our objective of producing more than 300,000 oz. per year of gold from Red Lake," says Evolution executive chair Jake Klein.

Pre-Feasibility Study is expected to be released in the second half of 2021.

The index measures the performance of the large and mid-cap segments of Canada's market.