World’s top gold ETF turns 10 – and returned 150%
Those who invested in the SPDR Gold Trust - GLD - at launch 10 years ago are enjoying returns more than double the rate of US equities.
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:
Gold price swings nearly $50
Two massive trades lift gold price from 4-and-half-year lows in another Friday rally.
Iron ore price gains after summit
Chinese steel mills restart production but ore demand remains modest.
Kyrgyz Republic seizes Stans Energy rare earth project
Kyrgyz government moves to revoke Stans Energy's licence for rare earth mine and plant that was the main global source of heavy REEs during the Soviet era.
Turquoise Hill surges after Mongolia taps new leader
Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.
CHART: Mining capital crisis continues
To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.
Fortescue to BHP, Rio: Don’t hurt our relationship with China
Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.
CHART: Gold miners’ reserves pricing assumes big rally ahead
New survey shows only 8% of gold mining companies apply a gold price below $1,200 to their reserves. That falls to a mere 4% when it comes to resources.
What slowdown? Mining equipment market to grow 8.4% a year
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
Rinehart’s children launch Roy Hill ownership suit
In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.