China TV reports gold sales ‘going through the roof’ and shortages for fabricators

Agnico Eagle first announced its friendly offer to buy O3 Mining in December.

Bullion traded near $2,780 an ounce, the highest since it touched an all-time high in October.

In calendar 2024, Fortuna produced 369,637 oz. of gold plus 3.7 million oz. of silver, for a record gold-equivalent production of 455,958 oz.

The Chinese miner warned that it expects to post a net loss of as much as 8.2 billion yuan ($1.1 billion) for 2024.