The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.
ealthy Chinese who made their country into the world’s second-biggest market for diamonds are now increasingly traveling abroad to buy the stones, at a time when ostentatious purchases are frowned upon at home.
Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach
In this interview with The Gold Report we learn that it's not enough for junior gold producers to have strong management teams running thrifty, efficient operations.
There appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency.
Rip-roaring market valuations in the US are supported by ever-expanding corporate and government debt.
Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.
Decision said to reflect trend among central banks.
Exports dropped by around 67% in April to just 15.1 tonnes.
Across history, human development has relied upon the finite resources available on Earth. But the moon – a seemingly barren rock – may actually be a treasure trove of rare resources vital to Earth’s future.
Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.
Commodities fell, heading for the biggest two-day selloff since November, as speculation over rising U.S. interest rates fueled a rally in the dollar.
Société Générale SA is picking apart Bache–a commodities house and the last link to a historic Wall Street name–in another sign of how trading in raw materials has fallen on hard times.
This is first time Romania grants a mining license without the involvement of a state-owned enterprise.
Interest rate rises in the US and money printing by other nations, Japan, UK, Europe, etc.; both support the US$ and put downward pressure on gold.
The entity will be run by a new company to be established by gold producers and financial institutions.
Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.
The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.
Pasloski talks about some companies advancing their projects in one of the world's top mining jurisdictions.
The problem hinges on the efficacy of the "seasonal' adjustments that are baked into the GDP methodology.
"We need to recognize that post closure is forever."
With the acquisition Evolution Mining will become Australia's second largest gold producer.
The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.
A female employee was fatally injured in an accident at an underground gold mine in Ontario over the weekend.
Statistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price deflation.
Gold and silver rallied strongly last Friday and into Monday’s overnight trading (UK time) before spending the rest of the week drifting lower from initial highs to consolidate above notional support at $1200 and $17 respectively.
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