Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia
Tres Amigos mine, a part of the Caballo Blanco Group of mines, has resumed operations after it was shut down following the incident.
Citigroup has increased its end-of-year price forecasts for gold, silver and platinum by 2%, 5% and 1.5%, respectively. The bank also lowered its forecast for palladium by 1.7%.
“With continued concerns over the economic health in the developed world, safe-haven demand has seen renewed investor interest in gold-linked securities,” Citigroup said.
The bank also noted that the ongoing illegal strikes in South Africa have impacted the supply of platinum and palladium.
Source (English): Reuters Africa
