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In mining news Calibre Mining announced a C$100 million bought-deal financing at a price of $1.68 per common share of Calibre. Calibre is a mid-tier gold producer with operations in Newfoundland & Labrador in Canada, Nevada and Washington in the U.S., and Nicaragua. - The Federal Reserve has given the all-clear to gold after signaling it still wants to cut interest rates three times this year, even as inflation remains above the 2% target; however, some market analysts said that the precious metal could see a healthy correction next week and in the near term. - Gold prices are ending the week a little heavy as prices see some solid selling pressure after hitting a new record high above $2,220 an ounce.
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Source: DCN_Canada - 🏆 17. / 74 Read more »