Eldorado Gold flags Omicron hit to quarterly production

Mining News Pro - Canada’s Eldorado Gold left 2022 production guidance of 460,000-490,000 ounces untouched, despite reporting that higher-than-expected absenteeism due to the covid-19 Omicron variant hit output in Q1.

Newmont flags omicron hit to quarterly output

Mining News Pro - Newmont Corp first-quarter production was hit by Covid-19, the world’s top gold miner said on Thursday after posting a 27% drop in fourth-quarter adjusted profit due to a fall in bullion prices and pandemic-related expenses.

Omicron Wave Hits the Mining Industry

Mining News Pro - It has been nearly 2 years since the coronavirus hit the global and put different impacts on the industries and especially mining. Mining has faced with different types of this virus and now the new type which is called omicron has come off. The new type which is killing people around the world is now a new concern for the mining industry however in the past week some got damages from it.

Fresnillo cuts production targets on Omicron labour shortage

Mining News Pro - Shares in Fresnillo fell more than 14% on Wednesday after the Mexico-focused miner cut its silver production forecast for 2022, saying that labour absences fuelled by the Omicron variant were expected to have a greater impact in the earlier part of the year than anticipated.

Gold price steady as investors weigh policy outlook against omicron

Mining News Pro - Gold steadied after its best week in two months as traders weigh the outlook for monetary policy against the threat posed by a fresh coronavirus wave in the U.S.

Gold steadies near 6-week high as firmer yields offset Omicron woes

Mining News Pro - Gold scaled a six-week high before it gave up gains to trade flat on Monday, as safe-haven buying fuelled by an Omicron-driven surge in Covid-19 infections countered pressure from higher US Treasury yields.

Gold price holds steady as investors assess omicron risk

Mining News Pro - Gold prices held steady on Monday, hovering close to a three-week peak, as the spread of the omicron coronavirus variant continues to smother investors’ appetite for riskier assets, lifting bullion’s safe-haven appeal.

Copper price rises as markets assess omicron variant impact

Mining News Pro - The copper price rose on Monday, recouping some of last week’s losses fuelled by the newly identified coronavirus variant, with markets trying to gauge its severity and its possible impact on economic recovery.

Iron ore price back above $100 despite omicron variant fears

Mining News Pro - The iron ore price rose on Monday despite demand fears due to the new omicron coronavirus variant.

Dwindling copper, zinc, nickel stocks could shield prices from omicron impact

Mining News Pro - Copper, zinc and nickel prices bounced back from Friday’s omicron-induced drubbing on Monday as worries about global stocks return.

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