Liquidation time for Venezuela (and its gold)
Crisis-hit Venezuela has $3.5 billion in debt payments due within 10 days (and $12 billion in 2016) and really only its gold bullion reserves to pay for it.
Latest Stories
Gold price on knife edge after post-Fed fall
Spooked by Federal Reserve's hawkish stance, hedge funds start liquidating 345 tonnes worth of bullish gold futures positions.
Myanmar’s $31bn ‘secretive’ jade industry keeps fuelling rights abuses
Most of the profit goes to powerful military and ex-junta figures instead of the state coffers, a report reveals.
Mining industry value drops below one trillion dollars
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
Marin Katusa: Follow the good guys in mining
Good management can attract the right investors and add value regardless of the market.
Potash Corp slashes outlook, production amid tough market conditions
The fertilizer giant also announced temporary inventory shutdowns as it deals with a weakening potash market.
Callaghan settles with BCSC to not ‘drag it out’
Asked what he will do during his one-year suspension, Callaghan says he has no "freaking clue."
Callaghan settles with BCSC to not ‘drag it out’
The penalties were the result of a BCSC investigation into resource estimates Callaghan announced in 2012 for Barkerville Gold’s Cow Mountain property.
Barrick on track to cut debt by $3 billion this year
World's top gold producer announces free cash flow of $866 million in third quarter.
