Once confined to Peru and Colombia, the shady business has spread out to neighbouring countries and is generating up to five times more revenue than drug trafficking.
Canada's United Steelworkers union is asking the British Columbia Supreme Court to revoke the HD's exploration permit, alleging local authorities granted it without addressing safety concerns.
Ross Norman of Sharps Pixley says since the gold market has fundamentally shifted to India and China, high inflation there will continue to drive demand.
During a time of widespread investor desertion of the precious metals and natural resource space, Eric Sprott, CEO of Sprott Asset Management shares his thoughts.
The Fed-inspired drop in the gold price prompted investors to buy a net 5.4 tonnes on Friday, the first increase in holdings by the world's largest gold-backed ETF since November 5.