Gold News

Gold mining, investment and price news

Halloween horror for gold price

Frik Els | October 31, 2014
Halloween horror for gold price

Down 3% to levels last seen July 2010 with "chances increasing" of a further $100-plus decline this year.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

According to The Times, Rio flagged the possibility of a writedown in August.

BHP’s Olympic dam expansion off agenda until prices improve

Cecilia Jamasmie | October 31, 2014
BHP’s Olympic dam expansion off agenda until prices improve

The miner blamed low metals prices and productivity inefficiencies for the decision.

Bears are ripping precious metals apart

Frik Els | October 30, 2014
Bears are ripping precious metals apart

Gold price below $1,200, silver falls to 56-month low.

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Barrick boosts ties with China, names Woo Lee as regional leader

Cecilia Jamasmie | October 30, 2014
Barrick boosts ties with China, names Woo Lee as regional leader

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

TIMELINE: The gold price and the Fed's rocky relationship

Frik Els | October 30, 2014
TIMELINE: Gold price from QE1 to the Fed's final purchase

Tracking the Fed's impact on the gold price since the start of the global financial crisis to the end of quantitative easing.

INFOGRAPHIC: The economic impact of a new gold mine

Visual Capitalist | October 29, 2014
Miner Hat Infographic

From the perspective of economists, the impact of a new mine is truly an interesting opportunity. It is the rare situation where we are able to take something from nature, and turn it into new wealth for a variety of stakeholders including the community and regional economies.

Why gold and silver are the good news metals

MoneyMetals.com | October 29, 2014

Analysts and some precious metals’ sellers tend to focus on the “insurance” aspect of owning precious metals. They point out that having some in your possession helps protect your wealth in case of inflation, political unrest, or for use as an “alternate currency” during a natural disaster, war, etc.

Buying opportunity in junior miners comes once every six years

Risk taking is a natural part of life, especially in the capitalist system where the greater the risk, the increased potential reward.

Jordan Roy-Byrne: tough times ahead… gold to bottom around $1,000!

Palisade Radio | October 29, 2014
There's no budging these gold price bears

New low for gold ahead… why Jordan believes $1,000 gold is a strong possibility?

Gold: Looks like QE end wasn't baked into price after all

Frik Els | October 29, 2014
Gold: Looks like QE end wasn't baked into price after all

Gold price drops 1.7% after Federal Reserve ends stimulus, says rates could rise sooner than "currently anticipated".

INFOGRAPHIC: a history of notable stock bubbles

Visual Capitalist | October 29, 2014
Soap bubbles on blue sky

Asset bubbles go as far back as finance and speculation themselves. In the past, there have been bubbles in everything from tulips to railroads that have made or broke fortunes.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Is Ecuador ‘Fertile Ground’ for Gold Discoveries? – Steve Todoruk

Sprott Thoughts | October 29, 2014
Kinross Gold allegedly trying to recover Ecuador mine losses

Ecuador recently scared off a potentially huge investment from Kinross, which had been set to develop the massive Fruta del Norte gold mine.

Why Matt Badiali says Hillary Clinton could be remembered as one of the best Presidents ever

The Mining Report | October 29, 2014
hillary_clinton

Cheap oil prices and the economic prosperity they bring can make politicians and investors look smarter than they are.

The end of QE and the price of gold

Bob Kirtley - Gold-Prices.biz | October 28, 2014

The programme known as Quantitative Easing is due to be halted at the end of October, coinciding with the next meeting of the Federal Open Market Committee which is scheduled for 28/29 October 2014.

Robust demand for physical gold support prices

David Levenstein | October 28, 2014

Gold prices climbed to their highest level since Sept. 10 last week, breaking above the $1,250 an ounce level.

McEwen mining files early warning report in connection with private placement in Visible Gold Mines Inc.

McEwen Mining | October 28, 2014

McEwen Mining Inc. has subscribed, by way of a private placement, 8,333,333 common share units (the “Units”) of Visible Gold Mines Inc. (“Visible Gold”) at a price of $0.06 per Unit for an aggregate amount of $500,000.

How the central bank squandered Switzerland's gold reserves

Frik Els | October 28, 2014
How the central bank squandered Switzerland's gold reserves

If the Swiss vote yes in next month's referendum its central bank needs to buy back 1,500 tonnes of gold sold for $300–$500 an ounce a decade ago.

Russia pushes forward plans to mine the moon

Cecilia Jamasmie | October 28, 2014
Russia is seriously advancing plans to mine the moon

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.

Vancouver junior surges after Nevada gold, silver intercepts

Frik Els | October 28, 2014
Vancouver junior surges after Nevada gold, silver intercepts

Corvus Gold announces most significant drill results in terms of grading and width at 100%-owned North Bullfrog project 200km northwest of Las Vegas.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

Cecilia Jamasmie | October 28, 2014
Freeport-McMoRan's profit down 32% amid lower copper, gold prices

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

Gold price: ETF investors cash out

Frik Els | October 27, 2014
Gold price: ETF investors cash out

The last time gold-backed fund vaults were this empty was September 2009 when gold was trading below $1,000 an ounce.

Anthem Blanchard: Real driver of higher gold prices still intact

Frik Els | October 27, 2014
Anthem Blanchard: Real driver of higher gold prices still intact

The Fed may be winding down its QE program, but negative real interest rates will support gold for the foreseeable future says CEO of Anthem Vault.

David Harquil on the gold streaming model and raising capital for miners

Sprott Thoughts | October 27, 2014
China Gold International Resources completes issuance of US$500 mln corporate bond

David Harquail joined well-known investors ‘Lucky’ Pierre Lassonde and Seymour Schulich in 1987, when Franco-Nevada was just getting its legs. He’s been with the company ever since, currently serving as CEO.

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