Holdings in gold-backed ETFs fall to five-year low while hedge funds cut bullish bets on the gold price 20% to lowest since January.
This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon.
Since early 2013 the US stock markets have done nothing but rally, levitating thanks to the Fed’s oft-implied backstop.
The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.
Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.
About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.
For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.
CEO Andrew Mackenzie's pay package is already only half that of his predecessor.
The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.
Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.
Fresh data suggests it is still too early to celebrate a recovery in the sector.
Experts don't expect gains to last for long.
Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.
So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.
Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.
A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra.
Next week, CEOs, financiers and investors will gather for two days of sharing ideas and networking opportunities.
Fortune Minerals Limited announces receipt of the previously announced US$4 million bridge loan that is part of the production pre-pay facility from Lascaux Resource Capital Fund 1 LP.
For some time now, the Government of the United States has been effectively checking through their couch for loose change. Anything helps, even if the debt owed is a staggering $17 trillion.
Second round sampling results surpass expectations with Ag 90 oz/t (2,550 g/t) plus over 0.5-2m channels .
In a recent call with Eric Sprott, founder of Sprott Inc., he said he was still buying physical gold -and planned to keep buying it for as long as he could.
Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.
Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.
It's never too late to find a new way to evaluate mining companies and Jeff Desjardins, and James Fraser of Tickerscores.com have developed one based on over 20 different criteria.
News of labour action at world's largest copper mine sends red metal 2.6% higher.
Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.
Get Mining News and Alerts
sent to your inbox daily