CHARTS: What life remained in junior mining the gold price drop choked off
The best indicator of the health of the global exploration sector has fallen to a record 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:
US met coal is being priced out of the market
Strong dollar and contract benchmarks at three-year lows forcing US miners out.
AngloGold to take $2.6 billion charge, dump marginal ounces
"All business plans, reserves and resources will be revised and optimised to reflect lower gold price assumptions."
Gold price jumps to 3-week high after US data disappoints
Optimism about the US economy may have been premature.
Fed QE minutes spark brief gold price surge
Minutes from US Federal Reserve policy makers showed "many" members believed asset purchases should extend into 2014
Tahoe says Guatemala ban on new licenses won’t affect silver project
Central American nation is rewriting mining law and wants to suspend new mining and exploration licences for two years.
Surge in copper imports defy dismal Chinese trade data
If the overall import and export numbers for the world's second largest economy were not so dismal, the copper price would've reacted even more positively.
Iron ore price at 8-week high on all-time record Chinese steel output
Fundamentals improve as inventories at the country's blast furnaces decline sharply.
Physical demand helps gold price consolidate gains
Continued strong central bank interest will likely result in some 550 tonnes of new physical demand this year says TD Securities.
Grasberg is up and running again
But 2013 output will be 20% less than planned.
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.