Gold price: 2020 ETF inflows set new record
Gold ETFs net inflows reached 1,000 tonnes for the first time ever in 2020, taking overall holdings to a new record high.
Gold ETFs net inflows reached 1,000 tonnes for the first time ever in 2020, taking overall holdings to a new record high.
The company is on track to meet its full-year production guidance of 390,000 to 420,000 ounces.
Last week, Vale regained an investment grade rating from Moody’s.
Demand is expected to rise from 47,300 million tonnes in 2020 to 117,400 million tonnes in 2024, according to a GlobalData.
The Canadian miner is also hiking its dividend by a further 50% to $0.105/share for the fourth quarter.
The Vancouver-based miner partnered with GoldSpot Discoveries to use artificial intelligence to analyze geological, geochemical, and geophysical data.
According to the miner, the property covers ground prospective for vein-hosted precious metal deposits.
The Japanese miner is "reviewing its strategic options" regarding its 45% interest in the money-losing mine.
One-third of the country's new jobs in August were in Western Australia, and the state's mining industry is currently underpinning the national economy.