But new report by De Beers cautions that declining production could see the industry lose ground to other categories.

Strike action closes Guelb Moghrein copper-gold mine which accounts for 10% of Vancouver company's copper output and a quarter of its gold production.

Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.

President and CEO Steve Letwin of IamGold told the Denver Gold Forum that he is confident the company can sell its Niobec mine in Quebec within the next six to 12 months for about $500 million after taxes.

Goldcorp has been so growth oriented over the past decade, building new mines across the Americas and snapping up gold assets left and right, it’s easy to forget sometimes just how productive its Ontario gold mines are.

In a recent call with Eric Sprott, founder of Sprott Inc., he said he was still buying physical gold -and planned to keep buying it for as long as he could.

Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.

Gold price drops to levels last seen in 2013 as Fed continues to withdraw economic stimulus and the dollar surges.

Larson Electronics has announced the release of a new pedestal mount LED work light configured to work on 24 volts DC or AC. The EPL-PM-150LED-24V-100 LED light can illuminate up to 10,000 square feet of work space and features a convenient pedestal mount base stand for easy handling and operation.