Fresh bloodletting among gold mining stocks
Hedge funds bet record 340 tonnes the gold price will continue to fall as bears rip into majors – Barrick falls to 1989 level, Goldcorp at 11-year low.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Chinese gold imports cut in half
Net June imports fall 48% from May as bargain hunters and safe haven buyers stay away despite stock market panic.
Australian firm wants Yukon Zinc’s Wolverine mill
Brisbane-based Minquest says buying plant of bankrupt zinc miner could save it $150m–200m to bring nearby copper project into production.
The nickel price can only go up
This trailblazing company is ahead of the game in the fastest growing region in the world.
One week – 23 tonnes: What next for world’s top gold ETF
With the financial crisis fading into history what role could "marquee product for gold investment" SPDR Gold Shares (GLD) play?
How a China-US one-two punch floored gold price
New research by WGC shows massive amounts of bullion were dumped in Shanghai and New York precisely at the same time dropping gold by 4.3%.
Newmont results shows it pulling away from peers
World's second largest gold miner ups 2015 production to 5.2m–5.5m ounces after second quarter earnings jump 30% and costs fall 14%.
RBC’s Gero: Distortion in gold market
Precious metals strategist at RBC Capital Markets says selloff in gold was sparked by one large trade, rather than any sea change in the fundamentals.
Gold price in worst losing streak since 1996
Could fall back to triple digits this year predicts Goldman Sachs.
Gold stocks crash – Barrick plummets to 25-year low
Shares of world's top producer falls to 1990 levels while most valuable gold mining stock Goldcorp tumbles to decade low.
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.