23 min listen
Interest rate cuts should favor gold and Calibre Mining announces $100 million financing
Interest rate cuts should favor gold and Calibre Mining announces $100 million financing
ratings:
Length:
4 minutes
Released:
Mar 23, 2024
Format:
Podcast episode
Description
Metals could get a lift with the Fed signaling that it wants to cut interest rates, note mining audiences manager Michael McCrae.On Saturday McCrae recorded Kitco Roundtable.Gold ended the week flat with spot at $2165.The metal did spike mid-week. 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.In mining news Calibre Mining (TSX: CXB) 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.Digging Deep: https://www.buzzsprout.com/2326395Green Rush: https://www.buzzsprout.com/2326398
Released:
Mar 23, 2024
Format:
Podcast episode
Titles in the series (100)
Spotted! Recent junior M&A activity that could turn into a sector wave: Australian M&A is heating up amongst the early-stage development companies, which could portend bigger deals worldwide, said Peter Akerley, CEO of Erdene Resources. On Friday Akerley recorded Kitco Roundtable podcast with correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae. by Kitco NEWS Roundtable