Gold Mining News

Junior Gold Stocks 5

Nearly a decade into gold's secular bull the mining industry continues to exhibit struggles.  And this is best characterized by an ongoing 6-year downtrend in global mine production.  For this reason, and the fact that […]

Gold – The Real Shape of Chinese gold demand

www.GoldForecaster.com This is a snippet from the Gold Forecaster. The newsletter that covers all pertinent factors affecting the gold price [with a 95% accuracy rate].- The respected World Gold Council has issued a report on […]

The Next Phase of the Credit Crunch and What it Means for Gold and Markets

Lately we've been writing about the importance of the bond market. Want a hint if we will have hyperinflation? Follow the bond market. Japan and the US in the 1930s didn't have hyperinflation because there […]

Gold & Indexes Melt Up Into Earnings?

Do the past successes of resource company principals portend future successes as they migrate to other companies or projects? Investment Banker and Financial Advisor Paul Moase has been following the resource sector for 25 years. […]

Paul Moase: Investing in People First

Source: By Ellis Martin and Karen Roche of The Gold Report 3/31/10 http://www.theaureport.com/pub/na/5958 Do the past successes of resource company principals portend future successes as they migrate to other companies or projects? Investment Banker and […]

TWP Australia awarded EPCM contract for Siana gold project

The Australian arm of South African engineering company, TWP, has been awarded the EPCM contract for Red 5's Siana gold project

World Gold Council, China's biggest bank to join forces to promote gold investments in China

ICBC and the WGC will share gold market resources, promote domestic demand and market new products in the country.

Is The General Stock Market Topping and What Does It Mean for Gold?

This essay is based on the Premium Update posted on March 26th, 2010 In our previous essay we explained the link between the USD Index, and the price of gold and commented on what how […]

SilverCrest Mines, Inc. (TSXV: SVL) –Funding In Place, Construction on Schedule for 2010 Production

Investment Highlights: The company has signed a definitive Project Facility Agreement on a US$12.5 million loan with Macquarie Bank Ltd., and a definitive Purchase Agreement with Sandstorm Resources Ltd.  (TSXV: SSL) on a US$12 million […]

Panama's Bellhaven bullish on Colombia

Greetings subscribers Here's a deal I believe will get interesting in the weeks to come: Bellhaven Copper & Gold Inc., trading as BHV on Canada's TSX Venture Exchange. Bellhaven shares have been creeping up nicely […]

"States Rights"…Bye, Bye!

Good Morning Americans!  It's Friday…somewhere. What is the price of gold?  Who cares? As long as those blue days of under 300 an ounce don't return.  Dear heaven forbid.  I'll never forget those days.   Everyday […]

Royal Canadian Mint reports C$1bn in bullion and refinery revenues in ‘08

A long delay in the Royal Canadian Mint's 2008 annual report ended as it was tabled by the Canadian Parliament, revealing unprecedented demand for bullion, and 17,500 ounces of gold unaccounted for.

China’s Appetite for Gold

What would happen to the price of gold if China’s annual consumption went up tenfold? That’s the high-end demand case laid out by the World Gold Council (WGC) in its new report “Gold in the Year of the Tiger,” which focuses on China. The WGC says China’s gold consumption of 423 tonnes in 2009 works out to about one-quarter of a gram per person, which is lower than other Asian countries with cultural affinity for gold (chart). The Saudis consume more than three grams per person, and in Hong Kong, it’s more than two grams. “If gold were consumed in China at the same rate per capita as in India, Hong Kong or Saudi Arabia, annual Chinese demand could increase by at least 100 tonnes to as much as 4,000 tonnes in the jewelry sector alone,” the WGC writes. OK, 4,000 tonnes (128.6 million troy ounces) looks pretty extreme, even for the most enthusiastic gold devotees. The WGC offers a more reasonable but nonetheless bullish outlook: China’s gold demand has nearly doubled over the past five years (13 percent growth per year), so it would not be a huge stretch for a doubling to roughly 850 tonnes per year in the next decade. Gold demand is rising as China’s middle class expands, and while the nation is the world’s largest producer, domestic supply falls short of demand by some 100 tonnes per year and that gap will almost certainly widen with rising demand. As more foreign gold is diverted to the Chinese market, the impact on world prices could be significant.

WGC: significant untapped growth potential exists in the Chinese gold market

Chinese demand for gold is set to double in tonnage terms within just ten years according to the latest World Gold Council (WGC) publication, Gold in the Year of the Tiger. Chinese gold consumption was worth more than $14 billion in 2009 - equivalent to 11% of global demand. The report shows that over the [...]

GOLD MINING: Ore from QR mine stockpiled at mil

Canadian Mining Journal BRITISH COLUMBIA – Barkerville Gold Mines (formerly International Wayside) said its mining contractor, Procon Mining and Tunnelling, has begun stockpiling ore from the QR gold mine near Quesnel at the 900 t/d […]

To Manipulate or not to Manipulate

Amazingly enough…or maybe it's not so amazing, every time gold corrects we see the conspiracy theories flying thick and heavy. I've asked this question I don't know how many times and I have yet to […]

Gold & Dow Trading In a Congestion Zone

Last week the general market continued to grind its way higher for yet another week. Overall I feel the market is very much over bought. We all know the market can stay in extreme overbought […]

Blowing in the Wind

"You'll notice that Bush never spoke when Cheney was drinking water; check it out!" – Robin Williams – We are seeing some interesting developments in the markets so I want to jump right into it […]

Metso signs Kinross mill contract

Metso will supply three complete ball mills, plus related equipment and services to Kinross Gold Corp for its Morro do Ouro mine in Paracatu, Brazil

Strikes at Buenaventura silver and gold mines scrapped

Workers have agreed not to strike at two Buenaventura mines in Peru, but have walked out at a third mine.

Metso to Supply Grinding Equipment to Kinross Gold, Brazil

MEIOnline reports that Metso will supply a complete ball mill and related equipment and services to Kinross Gold Corporation for its Morro do Ouro Mine in Paracatu, located 230 km south from Brazil's capital Brasília. […]

GDXJ Junior Gold ETF

Among all commodities stocks, no group is as alluring and dangerous as junior gold stocks.  The vast majority of these small companies are explorers, having never made a single dollar in sales.  Yet investors and […]

The Gold Price will be affected by the Oil price in future – How?

This is a snippet from the Gold Forecaster. The newsletter that covers all pertinent factors affecting the gold price [with a 95% accuracy rate].- Its major role was to give us a feel of the […]

London Trader Warns CFTC In Advance Of JPM's Silver Price Take-Down

Gold traded within a ten dollar range all day long on Wednesday… finishing up a few dollars on the day.  Nothing to see here, folks… except the usual downward pressure on the price during the New […]

The Gold price will be affected by the Oil price in the future – How?

www.GoldForecaster.com This is a snippet from the Gold Forecaster. The newsletter that covers all pertinent factors affecting the gold price [with a 95% accuracy rate].- Its major role was to give us a feel of […]