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Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the Kinross Gold Corporation third-quarter 2020 results conference call and webcast. [Operator instructions] I would now like to hand the conference over to your speaker for today, Mr. Tom Elliott, senior vice president of investor relations. Thank you.Please go ahead, sir. Tom Elliott — Senior Vice President of Investor Relations Thank you. Good morning. With us today, we have Paul Rollinson, president and CEO; and Kinross’ senior leadership team, Andrea Freeborough, Paul Tomory, and Geoff Gold. Before we begin, I’d like to bring to your attention the fact that we will be making forward-looking statements during this presentation.For a complete discussion of the risks, uncertainties and assumptions which may lead to actual results and performance being different from estimates contained in our […]

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Gold prices refresh intraday low near $1,938 while extending pullbacks from the six-week top, flashed the previous day, during early Friday.

The yellow metal recently eased after US election updates suggest President Donald Trump’s lead in Pennsylvanian voting count. Earlier in Asia, news from Georgia and Arizona marked Joe Biden as the front-runner for the US presidency while keeping his 260+ electoral votes, versus 270 required.

Although fears of a hung decision over the blue wave in America probe the US dollar bears, optimism surrounding further easy money, be it from the central banks or governments, enthuses the global risk sentiment.

As a result, equities and commodities cheered the US dollar’s downside during Thursday before portraying a consolidation so far today. That said, S&P 500 Futures print 0.60% intraday losses while stocks in Asia-Pacific trade mixed by press time. Key levels to watch Despite the recent pullback, gold prices stay past-$1,934 key […]

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Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. This is the conference operator. Welcome to the Barrick 2020 second-quarter results conference call. [Operator instructions] As a reminder, this conference call is being recorded, and a replay will be available on Barrick’s website later today, August 10, 2020.I would now like to turn the conference over to Mark Bristow, chief executive officer. Please go ahead, sir. Mark Bristow — Chief Executive Officer Thank you very much, and a very good morning and afternoon to you, ladies and gentlemen, and thank you for taking the time to be on this call with us for Barrick’s Quarter 2 results. Would have expected us to be where we are today? This time last year, no one could have foreseen or even imagined that our world was about […]

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Image source: The Motley Fool. Kirkland Lake Gold Ltd. ( NYSE:KL )
Q3 2020 Earnings Call
Nov 05, 2020, 2:00 p.m. ET Contents:

Prepared Remarks

Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, ladies and gentlemen. My name is Mariana and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold conference call and webcast to discuss the company’s third quarter 2020 financial and operating results. [Operator instructions] With that, I would now like to turn the call over to senior vice president of investor relations, Mark Utting. Mark Utting — senior vice president of investor relations Thank you very much, operator, and good afternoon, everyone. Welcome to our third quarter 2020 conference call and webcast. On today’s call, we will be reviewing our results for the three and nine months ended September 30, 2020. On the call today […]

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Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the New Gold third-quarter 2020 earnings conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Anne Day, vice president of investor relations. Thank you. Please go ahead. Anne Day — Vice President of Investor Relations Thank you, operator, and good morning, everyone. We appreciate you joining us today for New Gold’s third-quarter 2020 earnings conference call and webcast. We have with us today Renaud Adams, CEO; and Rob Chausse, CFO, who will present our Q3 operational and financial results. After the presentation has been completed, we will open the line for a brief Q&A period.Before the team begins presentations today, I would like to direct your attention to our cautionary language related to forward-looking […]

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Traders increased their open interest positions in Gold futures markets for the third session in a row on Thursday, this time by more than 21K contracts and reaching the largest single day build since mid-June according to flash data from CME Group. Volume followed suit and also rose for the third consecutive session, now by 7.4K contracts. Gold now looks to $1,990/oz

Thursday’s positive price action in gold prices was on the back of the continuation of the uptrend in open interest and volume, opening the door to extra gains and with the next target at the September peaks in the $1,990 mark per ounce. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should […]

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Image source: The Motley Fool. Royal Gold Inc ( NASDAQ:RGLD )
Q1 2021 Earnings Call
Nov 5, 2020, 12:00 p.m. ET Contents:

Prepared Remarks

Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Royal Gold, Inc. Fiscal 2021 First Quarter Conference Call. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions].I would now like to turn the conference over to Alistair Baker. Please go ahead. Alistair Baker — Vice President, Investor Relations and Business Development Thank you, operator. Good morning, and welcome to our discussion of Royal Gold’s first quarter 2021 results. This event is being webcast live, and you will be able to access a replay of this call on our website. Participating on the call today are Bill Heissenbuttel, President and CEO; Paul Libner, CFO and Treasurer; and Mark Isto, Executive Vice President and COO. Dan […]

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Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) The precious metals surged on Thursday as markets looked past litigation threats and focused on the weaker U.S. dollar, according to TD Securities.

“Precious metals rebound, looking past near-term implications for real rates and towards a weakening dollar. Thus far, the market is looking past litigation threats,” TD Securities strategists said on Thursday.

Democratic candidate Joe Biden continues to lead in the polls, with more clarity expected Thursday afternoon. The Electoral College count currently has Biden with 264 votes and Trump with 214.

States that are yet to be called are Arizona, Georgia, Nevada, Pennsylvania, North Carolina, and Alaska.“While a Republican senate is interpreted as implying a smaller fiscal package and potential gridlock during the lame-duck session, a Biden presidency […]

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TORONTO, Nov. 05, 2020 (GLOBE NEWSWIRE) — Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has entered into a definitive Precious Metals Purchase Agreement (the “Precious Metals Stream”) with Wheaton Precious Metals International Ltd. (“Wheaton International”), a wholly-owned subsidiary of Wheaton Precious Metals™ Corp., in respect to the Company’s Marmato Project located in Colombia. The Marmato Project comprises an existing operating mine (the “Upper Mine”) and the Marmato Deeps Zone (“MDZ”) development, both of which are covered by the Precious Metals Stream. Scotiabank acted as financial advisor to Caldas Gold.

Wheaton International will purchase 6.5% of the gold production and 100% of the silver production from the Marmato Project until 190,000 ounces of gold and 2.15 million ounces of silver have been delivered, after which the stream drops to 3.25% of the gold production and 50% of the silver production for the life of mine. Under the […]

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Gold futures are trading higher on Tuesday, supported by a plunge in the U.S. Dollar against a basket of major currencies as investors increase bets on a Joe Biden victory in today’s U.S. presidential election. Renewed interest in higher risk assets is also offsetting the impact of strict lockdowns across Europe.

With many professionals hedging the risks of the election in the Forex markets, it is my opinion that speculative money is moving into the gold market.

At 12:31 GMT, December Comex gold is trading $1901.20, up $8.70 or +0.46%. Dollar Tilts Toward Biden Win Heading into U.S. Election

Foreign exchange markets in Europe tilted on Tuesday towards pricing a victory for U.S. Democratic candidate Joe Biden against President Donald Trump despite warnings that possible post-election disputes could unleash weeks of dollar volatility.Analysts believe a Biden win would weaken the dollar as the former vice-president is expected to spend big on […]

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GOLD PRICES broke above $1900 per ounce in London trade Tuesday, joining silver and platinum in erasing the last week’s drop ahead of tonight’s initial results from the hotly-contested and highly fractious US elections.

Breaching what several analysts called that "psychological topside" by $7 as New York opened for business, the yellow metal has now risen 42.7% from gold’s price spike when Trump won the White House on 9 November 2016, beating Hillary Clinton.

Silver prices today regained the $24.30 mark, a 7-year high when first reached in July and 27.9% above Election 2016’s top.

Platinum meantime showed a loss of 14.2% from 4 years ago, reaching $833 as China’s Communist dictatorship announced its new 5-year plan for the world’s 2nd largest economy, aiming for new energy vehicles (NEVs) – led by electric but including hydrogen-powered engines, which use platinum as a catalyst in their fuel cells – to account for […]

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Gold is poised for long-term gains, no matter who wins the U.S. election, say analysts. The U.S. presidential election has been more of a distraction than a direct influence on the gold market, but expect the precious metal to be a winner no matter the outcome.

For gold, the election isn’t a “blue versus red” competition between the Democrats and Republicans, says Frank Holmes, chief executive officer of U.S. Global Investors. It is a “push the gold button” event, he says.

Investors should consider buying real assets and gold given the Federal Reserve balance sheet expansion and understated inflation, he says. These are among the reasons why Holmes believes gold will climb to $4,000 by 2023.

Futures prices for gold have already climbed by 57% since the day Republican President Donald Trump took office on Jan. 20, 2017. On Nov. 2, prices GCZ20, +0.97% GC00, +0.97% settled at $1,892.50. They are up […]

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The gold futures contract lost 0.74% on Wednesday, as it fluctuated following the U.S. Presidential Election uncertainty. Gold continues to trade within a consolidation after September’s decline from August 7 record high at $2,089.20 to local low of around $1,850. Recently the yellow metal has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.9% higher this morning, as it retraces yesterday’s decline following weakening U.S. dollar. What about the other precious metals? Silver lost 1.81% on Wednesday and today it is 2.8% higher. Platinum lost 0.56% and today it is 1.5% higher. Palladium gained 0.43% yesterday and today it’s 3.2% higher. So precious metals are advancing this morning .

Yesterday’s ADP Non-Farm Employment Change release has been worse than expected at only +365,000. The ISM Services PMI number […]

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Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve currency. The gold industry players also add that the resultant depreciation of the dollar will likely boost the price of the precious metal in the medium to long term. New Money Boon for Gold

Gold, which went down slightly on the eve of the U.S. elections, is widely regarded as an alternative and a better store of value. In August, a few months after the U.S. government released stimulus checks to cushion American citizens and businesses, the spot price of gold touched a new all-time high of $2,058.

However, as Stephen Innes, a strategist at financial services firm Axi, explains in a […]

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Also global investors are presently not having the strengthening political uncertainty funny, thereby increasing their buying pressure on the safe-haven asset coupled with the falling U.S dollar specifically helping global investors get a good price bargain for precious metals for wealth preservation and hedge against inflation.

The drop in the value of the greenback is also triggering gold traders to make bold long bets, amid an expected rise in quantitative easing under a Joe Biden Presidency coupled with the bias that the U.S Federal Reserve has showed it support on keeping interest rates low for a long period of time.

Gold prices are now going upward on the bias that U.S Treasury yields, specifically those on the far end of the maturity curve, dropped.

Gold bulls are having the bandwagon wheel drive now on reports suggesting a lead for Democrat Presidential candidate Joe Biden, as recent results seen on some U.S […]

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( Kitco News ) – There has been lots of updates in the UK in the metals and mining sector. These include updates from Jubilee Metals, European Metals Holdings, Greatland Gold, Central Asia Metals and Panther Metals.

Jubilee Metals (JLP:LSE) shares have jumped 7.2% higher in London trading hours. The company have secured the rights to an additional 115mln tonnes of copper and cobalt-containing surface tailings, taking its total access to around 270mln tonnes in Zambia.

The company said the transactions have secured the rights to an additional 115mln tonnes of copper and cobalt-containing surface tailings as part of its strategy to expand operations in the country, taking its total access to around 270mln tonnes of tailings. Interestingly, […]

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( Kitco News ) – Gold and silver futures prices are sharply up in early U.S. trading Thursday, boosted in part by a falling U.S. dollar index in the wake of the U.S. elections. Some safe-haven demand in the metals is also seen as the U.S. presidential election result is still up in the air. December gold futures were last up $33.20 at $1,929.50 and December Comex silver was last up $1.032 at $24.925 an ounce.

Asian and European stock markets were mostly up overnight. U.S. stock indexes are also set to open the New York day session sharply higher. The marketplace sees better risk appetite late this week, in the wake of the U.S. elections. While it’s […]

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OUTSIDE MARKET DEVELOPMENTS: Global equity markets were higher overnight with gains ranging from 0.5% to as high as 4.4% in the Hang Seng. The New Zealand business confidence survey for November slightly worse than expected, there was a slight uptick in a Japanese bank services PMI reading for October, and Australian imports contracted, which was offset by a gain in exports for the month of September. A Swiss consumer climate reading for the fourth quarter came in with a bigger contraction than the previous month, German factory orders and UK construction PMI both came in softer than expected. However, the news overnight was the bank of England’s decision to increase its asset purchase facility by 150 billion pounds. The North American session will start out with the October Challenger job cuts survey, followed by a weekly reading on US initial jobless claims that is expected to have a modest […]

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Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – Although votes are still being counted in several states, it appears at the gold market is getting comfortable with the idea of President Joe Biden as he leads in Electoral College Votes.

In a telephone interview with Kitco News, Greg Harmon, founder of Dragonfly Capital, said that the election results are helping the gold market shake off some of its initial inertia. His comments come as gold prices trade at their highest level in roughly two weeks. December gold futures last traded at $1,946.80, up more than 2% on the day.

While Democratic nominee Biden has become the odds on favorite to be the 46th president of the U.S., it is becoming more likely that he oversees a […]

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