Gold Prices React to Renewed Concerns Over the Ongoing Pandemic
- FinancialBuzz.com News Commentary
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NEW YORK, April 22, 2021 /PRNewswire/ The gold market continued to climb back towards the USD 1,800 an ounce mark on Wednesday, as precious metals benefited from a weaker U.S. dollar and lower bond yields. In part, renewed concerns about the virus helped prevent a rise in long-term bond yields with the 10-year Treasury note yield remaining at around 1.56%. Subdued government debt yields can boost appetite for precious metals which don t offer a coupon. A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge, Lukman Otunuga, Senior Research Analyst at FXTM, told MarketWatch. With concerns likely to rise over how this may impact the world s economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return. Exploits Discovery Corp. (CSE: NFLD) (OTC:�
Equinox Gold divests Pilar Gold Mine in Brazil for $38m 20 Apr 2021 (Last Updated April 20th, 2021 12:20)
Equinox Gold has divested its entire stake in the Pilar Gold Mine in Brazil to Canadian firm Pilar Gold in a $38m cash deal.
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Equinox Gold has divested its entire stake in the Pilar Gold Mine in Brazil to Canadian firm Pilar Gold in a $38m cash deal.
Under the arrangement, Equinox will receive a 9.9% equity interest in the mine from Pilar Gold and a 1% net smelter return royalty on production.
Equinox Gold CEO Christian Milau said: “With existing production and growth potential, the Pilar Gold Mine is an excellent foundation mine for an emerging gold company.
Equinox Gold sells Brazil mine, focuses on Canadian growth April 19, 2021
Image courtesy of Premier Gold Mines.)
Equinox Gold (TSX, NYSE: EQX) said on Monday it had sold its Pilar gold mine in Brazil for $38 million cash as part of a portfolio optimization strategy that includes increasing its stake in the Greenstone project in Ontario, Canada.
As part of the deal, buyer Pilar Gold Inc. is also giving Equinox a 9.9% equity interest in the gold mine and a 1% net smelter returns royalty on production.
Pilar, a complex of producing underground mines in central Brazil’s Goiás State, accounts for about 5% of Equinox’s previously reported 2021 production guidance of 600,000 to 665,000 ounces of gold.
Equinox Gold sells Brazil mine, focuses on Canadian growth
Historic headframe at the Greenstone (formerly Hardrock) project, 275 km northeast of Thunder Bay, Ontario. (
Image courtesy of Premier Gold Mines.)
Equinox Gold (TSX: EQX; NYSE: EQX) has sold its Pilar gold mine in Brazil for US$38 million in cash as part of a portfolio optimization strategy that includes increasing its stake in the Greenstone project in Ontario, Canada.
As part of the deal, buyer Pilar Gold Inc. is also giving Equinox a 9.9% equity interest in the gold mine and a 1% net smelter returns royalty on production.
Pilar, a complex of producing underground mines in central Brazil’s Goiás State, accounts for about 5% of Equinox’s previously reported 2021 production guidance of 600,000 to 665,000 ounces of gold.
Equinox sells Brazil mine, focuses on Canadian growth
Historic headframe at the Greenstone (formerly Hardrock) project, 275 km northeast of Thunder Bay, Ontario. (
Image courtesy of Premier Gold Mines.)
Equinox Gold (TSX, NYSE: EQX) said on Monday it had sold its Pilar gold mine in Brazil for $38 million cash as part of a portfolio optimization strategy that includes increasing its stake in the Greenstone project in Ontario, Canada.
As part of the deal, buyer Pilar Gold Inc. is also giving Equinox a 9.9% equity interest in the gold mine and a 1% net smelter return royalty on production.
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