China topped its gold holdings for a twelfth straight month in October, adding to a wave of purchases by global central banks that has lent support to bullion prices . Stockpiles of gold reported by the People’s Bank of China (PBOC) rose by about 740,000 troy ounces in October, according to official data released Tuesday. That is equivalent to about 23 tons and takes total holdings to 2,215 tons. Fortuna Silver Mines reported third quarter adjusted earnings per share (EPS) of $0.
10, ahead of the consensus estimate of $0.07, on pre-released production of 128.7k ounces gold. The beat was largely due to higher sales and lower taxes with a minor boost from lower costs in the third quarter. AISC was $1,312 per ounce compared to the $1,354 per ounce consensus. Sibanye-Stillwater concluded the agreement with the Association of Mineworkers and Construction Union and the National Union of Mineworkers for employees at its Kroondal PGM operations, according to an emailed statement
Source: News Formal (newsformal.com)
China Gold Holdings Central Banks Bullion Prices Fortuna Silver Mines Earnings Sales Taxes Sibanye-Stillwater Unions Kroondal PGM Operations