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Daily Dispatches
With gold rallying, mining CEOs say environmental, social, governance scrutiny intensifies
Submitted by cpowell on Sun, 2020-09-20 08:35 Section: Daily DispatchesBy Steven Frank, Yvonne Yue Li, and Felix Njini
Bloomberg News
Sunday, September 20, 2020
Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social, and governance topics.
Barrick Gold accepts Chilean court's closure ruling on Pascua-Lama project
Submitted by cpowell on Sat, 2020-09-19 18:12 Section: Daily DispatchesBy Shruti Sonal
Reuters
Friday, September 18, 2020
Barrick Gold Corp. said today it would not appeal a Chilean court's ruling to uphold the closure order on the Chilean portion of its Pascua-Lama project imposed by the country's environmental regulator and the sanctions on its unit.
Ronan Manly: Deutsche trader charged with market rigging was director of London gold and silver fixings
Submitted by cpowell on Fri, 2020-09-18 20:16 Section: Daily Dispatches8:15p ET Friday, September 18, 2020
Dear Friend of GATA and Gold:
Bullion Star's indispensable Ronan Manly reminds us tonight that the corruption of the gold and silver markets long has been comprehensive, even if mainstream financial news organizations and market "analysts" do their damnedest to conceal it.
... Dispatch continues below ...
Sprott explains why he bought a big chunk of First Majestic Silver
Submitted by cpowell on Fri, 2020-09-18 15:26 Section: Daily Dispatches3:26p ET Friday, September 18, 2020
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott, in his weekly interview with the TF Metals Report's Craig Hemke for Sprott Money, explains why he has purchased a big chuck of First Majestic Silver.
Acting as Fed's agent, Morgan is buying all silver to save Comex, Maguire says
Submitted by cpowell on Fri, 2020-09-18 14:08 Section: Daily Dispatches2:10p ET Friday, September 18, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire today tells the TF Metals Report's Craig Hemke that the silver inventory of the exchange-traded silver fund SLV must be questioned because so many bars are being quickly credited to it even as the physical market is so tight that no one else can get metal without long delays.
Chile court orders 'total and definitive' closure of Barrick's Pascua-Lama project
Submitted by cpowell on Fri, 2020-09-18 11:10 Section: Daily DispatchesBy Cecilia Jamasmie
Mining.com, Vancouver, B.C., Canada
Friday, September 18, 2020
Chile's environmental court has put the final nail in the coffin for Barrick Gold's giant Pascua-Lama gold-silver project, straddling the border with Argentina, which had been on hold since 2013 over environmental concerns.
Flood of gold from Switzerland to U.S. stopped in August
Submitted by cpowell on Fri, 2020-09-18 00:39 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, September 17, 2020
https://www.reuters.com/article/us-swiss-trade-gold-idUSKBN2681TZ
LONDON -- Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed today, suggesting a big transfer of bullion to New York that followed the coronavirus outbreak has run its course.
Ex-JPMorgan trader sentenced to prison for currency rigging; CEO Jamie Dimon remains free
Submitted by cpowell on Thu, 2020-09-17 21:43 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Thursday, September 17, 2020
NEW YORK -- A former JPMorgan Chase & Co. foreign exchange trader was sentenced today to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades.
Kinross Gold pays first dividend in 7 years as metal rallies
Submitted by cpowell on Thu, 2020-09-17 21:30 Section: Daily DispatchesBy Steven Frank and Isis Almeida
Bloomberg News
Thursday, September 17, 2020
Canadian miner Kinross Gold Corp. is boosting output and paying its first dividend in seven years after gold prices surged to a record.
India's Hindu temples start using 'God's gold' to pay bills as pandemic cuts donations
Submitted by cpowell on Thu, 2020-09-17 21:22 Section: Daily DispatchesBy Swansy Afonso and PR Sanjai
Bloomberg News
Thursday, September 17, 2020
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