Gold Mining News

South Africa now only world's No.4 gold miner

For many years the world's largest gold producer by far has fallen to No'4 in the global gold production league.

Boddington to hit full gold production by year end

Newmont says the ramp up of the operation, which will be the group's cornerstone asset for many years to come, is at about 70% and climbing. And, the group says it will continue to further develop this under-explored region

Pool Accounts: Why You Should 'Get Physical' Instead

I wouldn't read a thing into Thursday's trading activity in the gold market anywhere on planet earth yesterday.  The high of the day, if you wish to dignify it with that name, occurred shortly before 10:00 […]

Avino Silver Asks, “You Like Mining?”

By Claire O'Connor and James West MidasLetter.com Friday, March 12, 2010 You can come away from a cocktail party with many things; the bartenders’ cigarette lighter, a telephone number smudged hastily in lipstick, maybe even […]

Is Gold starting to trade like a currency?

Rick Rule: Systemic Shock Will Kill Sucker Rally Remember when $25, 000 was a success? Now it is a garbage collector. – Frank Dane – At one point on Monday the Dollar was trading in […]

Rick Rule: Systemic Shock Will Kill Sucker Rally

Source: The Gold Report 3/12/10 http://www.theaureport.com/pub/na/5818 Charismatic, articulate, contrary and persuasive, Rick Rule probably could draw an audience if he were talking about the weather. But combine his presence with character, knowledge, understanding, experience and […]

MST wins first installation in South America with Buenaventura

Buenaventura is investing in its operations to ensure they are as safe and productive as possible. After an extensive technology review, it chose Mine Site Technologies’ ImPact Underground Digital Network as the backbone for a tracking system at its Orcopampa gold and silver mine in Peru. The scalability of the network was what appealed most [...]

Louis Paquette: The Seasonality of Gold Has Broken Down

Source: Interviewed by Ellis Martin, of The Gold Report 3/10/10 http://www.theaureport.com/pub/na/5797 The Gold Report has again interviewed newsletter writer and commentator Lou Paquette, who launched the Emerging Growth Stocks website in 1995 to provide investors […]

Another Gold Analyst Strives to Miss the Point

Another Gold Analyst Strives to Miss the Point Gold didn't do much in Far East trading on Tuesday but, like Monday, began to turn down at 4:00 p.m. in Hong Kong trading.  The price was […]

Barrick CEO optimistic Reko Diq gold-copper project will go ahead

Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months

Coalcorp saga a lesson for miners in Colombia

Greetings investors! The past 18 months have been a heck of a ride for Coalcorp Mining Inc. (TSX:CCJ), and especially for its shareholders. Last summer the stock more than doubled, gave up virtually all of […]

Robbing the Old to pay the Rich

People who treat other people as less than human must not be surprised when the bread they have cast on the waters comes floating back to them, poisoned. James Baldwin,1924-1987, American Author The senate boldly […]

SCHMIDT'S GOLD THOUGHTS

The Greeks are learning the tough consequences of worshiping a false god. For years they sought the blessing of Keynesianism, only now to find it comes with a price. Keynes introduced the notion of government […]

Tethyan still hopeful Reqo Diq will go ahead

The operator of the $3bn copper and gold joint venture between Barrick and Antofagasta still hopes it will go forward despite a government threat to scrap it

GATA Appeals to CFTC to Act Against Manipulative Shorts

Gold did absolutely nothing in either Far East or European trading… but at 9:40 a.m. in New York, the bullion banks hit the 'sell gold/buy dollar' button… and that was that.  By the time the […]

Outlook on Gold, Oil and Emerging Markets

Yesterday afternoon I sat down with Aaron Task from Yahoo! Finance’s Tech Ticker to discuss my outlook for gold and oil. Despite a recent run-up in gold prices, I explained to Aaron that I am still bullish on gold. I think there are many compelling factors both from a supply side and from the demand side that looks like gold will trade higher…The only supply coming to the market is from central banks. Supply from mines is contracting as it’s getting more difficult, more expensive to produce an ounce of gold and deliver it to the marketplace. Watch the Discussion on Gold Aaron and I also discussed how each commodity has its own DNA of volatility and investors need to be mindful of that. Specifically, we discussed price volatility for oil. Based on historical patterns, oil could easily jump to $100 or fall twenty dollars to $60. That’d be normal volatility…It’s not just supply and demand around the world, it’s also because oil is priced in dollars and these swings in the dollar exaggerate the supply demand factors. Watch the Discussion on Oil Lastly, I explained to Aaron why the rise of a middle class in emerging markets is a catalyst for a long-term shift in consumption patterns for goods and services. What’s really significant is the rise of the middle class…What happens when you get 30 million out of 1.3 billion people making $50,000 a year? These big changes in consumption patterns take place. That’s why we’re seeing Cartier and Louis Vuitton and all these [luxury stores] opening up throughout China. Watch the Discussion on Emerging Markets Diversification does not protect an investor from market risks and does not assure a profit. The interview references the investment theory of an investment as insurance against a separate market event that could negatively affect performance of an investment. The reference does not guarantee performance or a safeguard from loss of principal by investing in that asset. Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. Holdings in the Global Resources Fund, Gold & Precious Metals Fund and World Precious Minerals Fund as a percentage of net assets as of December 31, 2009: Chevron (Global Resources Fund 3.69%), Conoco-Phillips 0.00%, Exxon 0.00%, San Juan Basin Royalty Trust 0.00%, Randgold Resources (Gold and Precious Metals Fund 8.30%, World Precious Minerals Fund 8.14%, Global Resources Fund 1.92%), Royal Gold (Gold and Precious Metals Fund 3.52%, World Precious Minerals Fund 1.14%), Franco Nevada (Gold and Precious Metals Fund 0.34%, World Precious Minerals Fund 0.16%, Global Resources Fund 0.04%), LVMH Moët Hennessy Louis Vuitton SA 0% #10-180

Silver Lake opens up new gold hopes in Murchison

The successful mid-tier, high-grade gold producer near Kalgoorlie, Silver Lake Resources, has found a new lead in an old mining camp in the Murchison goldfield in the mid north of Western Australia.

Avocet Ships First Gold from Inata

Avocet Mining PLC announces the first shipment of gold from its Inata mine in Burkina Faso. Inata poured first gold on 20 December 2009 and this week exported approximately 11,000 ounces of gold to Rand […]

James West: Gold's Value Stands the Test of Time

Source: Interviewed by Gordon Holmes, The Gold Report 3/5/10 http://www.theaureport.com/pub/na/5774 Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. In this exclusive interview with The […]

Euro Gold Records 2

After spending our entire lives in a dollar-dominated world, we Americans naturally view gold through a dollar-centric lens.  We assume the gold charts we're seeing are universal.  But this isn't the case, as investors around […]

All's Quiet on the Eastern Front

Thursday was another day when the precious metals basically followed the dollar's lead.  Trading in Hong Kong was quiet up until 4:00 p.m. in their afternoon when the dollar began a gentle decline while gold […]

Upside Down Gold

John Exter was an internationally known banker and a gold bug in the true sense of the word. He graduated from Harvard and was present when Keynesian economics first came to the fore. He lived […]

Precious Metals and the Dollar

Keep on sowing your seed, for you never know which will grow — perhaps it all will. Albert Einstein,1879-1955, German-born American Physicist The dollar has rallied very strongly easily taking out the lower end of […]

Brien Lundin: Gold Looking Good; Silver Even Better

Source: Interviewed by Gordon Holmes of The Gold Report 3/3/10 http://www.theaureport.com/pub/na/5746 The gold rally that began last fall and drove gold through the $1,200 resistance level in late November doesn't seem to be panning out […]

Up, Up and Away?

Up, Up and Away? Gold did virtually nothing in Far East trading on Tuesday, with its low price of the day, around $1,115 spot, coming during the Hong Kong lunch hour.  But the real action didn't […]