By Polina Devitt
Reuters
Thursday, May 8, 2025

LONDON -- The London Bullion Market Association said today that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation.

... Dispatch continues below ...

... ADVERTISEMENT ...

First Majestic Announces Q1 Results with Record Cash Position 

Company Announcement
Wednesday, May 7, 2025

Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...

"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...

... For the remainder of the announcement:

https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-financial-results-for-q1-2025-with-record-cash-position-and-announces-quarterly-dividend-payment [1]

The premium of the most active Comex gold futures over London spot prices normalized in April, when the Trump administration excluded the precious metal from broader U.S. import tariffs, after being elevated for months.

There were also 22,859 tons of silver held in London vaults in April, up 3.3 % from March, the LBMA said. Silver holdings in London rose for the first time since October 2024. ...

... For the remainder of the report:

https://www.reuters.com/markets/commodities/gold-reserves-london-vaults-rise-april-bullion-returns-us-2025-05-08/ [2]

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 [3]

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [4]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [5]

Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:

https://www.gata.org/sites/default/files/GATA-silver-round-front.png [5]