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Articles related to gold mine
 
Richard Mills - Ahead of the Herd
Barrick Comes Home
As part of his plan to prevent a run on the dollar, stabilize the US economy, and decrease US unemployment and inflation rates, on August 15, 1971, U.S. President Richard Nixon directed Treasury Secretary Connally to, among other things, suspend with certain exceptions the convertibility of the dollar into gold or other reserve assets and ordered the gold window to be closed so that foreign governments could no longer exchange their dollars for gold. For the very first time in our history, al
Friday, October 24, 2014
Steve Saville - Speculative Investor
Why is gold mining such a crappy business? 
That gold mining has generally been a crappy long-term investment for almost five decades is evidenced by the following chart. The chart, much of the data for which were provided by Nick Laird of www.sharelynx.com, shows the ratio of the Barrons Gold Mining Index (BGMI) and the US$ gold price from 1920 through to the present*. More specifically, it shows that, relative to gold bullion, the group of gold-mining stocks represented by the BGMI has been in a secular decline since 1968 and is now clo
Monday, October 20, 2014
Chris Powell - GATA
Could India eventually produce as much gold as China?
* * * Is India Sitting on a Gold Mine? An interview with Sandeep Lakhwara, managing director of Deccan Gold Mines By Rajalakshmi Nirmal The Hindu, Chennai, India Sunday, October 19, 2014 India has very large resources of gold, several geological studies say. One estimate (2005 study) puts the country's primary gold resources at about 491 tonnes. But the country hardly finds a mention in the global list of large miners. It produces just three-four tonnes of gold annually. Sandeep Lakhwara, manag
Sunday, October 19, 2014
Chris Powell - GATA
China gold production seen falling, prompting more imports
By Jan Harvey Reuters Friday, October 17, 2014 LONDON -- Growth in gold mine output from No. 1 producer China is set to slow significantly in coming years in the face of declining ore grades and waning profitability, analysts Business Monitor International said on Friday. Lower mine production will pave the way for rising imports to meet persistent strength in demand from Chinese consumers, BMI analyst Xinying Chia said, while domestic mining companies will also look overseas to boost production
Friday, October 17, 2014
24hgold - CNW Group
announces release date for third quarter 2014 financial results and conference call

Tuesday, October 14, 2014
Chris Powell - GATA
China now takes nearly all world gold production, Shanghai exchange chief confirms
China's annual non-government gold consumption has been officially confirmed as having reached 2,000 tonnes, gold researcher and GATA consultant Koos Jansen reports. That figure is close to annual world gold mine production. The figure, Jansen writes, was repeated several times by the chairman of the Shanghai Gold Exchange, Xu Luode, in an address to the London Bullion Market Association conference in Singapore in June. Xu's disclosure confirmed Jansen's longstanding formula for calculating Chi
Saturday, October 11, 2014
Charleston Voice
The Gold Dollar 
Ah, little gold dollar, republican name, Let peace be thy motto, and freedom thy fame; May all use thee kindly and not hide thy face Like misers and bankers in some lonely place,
Friday, October 10, 2014
Gold Secrets - Bix Weir
Golden Secrets (V) Chocolate Mountain Military Base 
Here's where it gets a little tricky. The largest gold mine in the world is reported to be the Grasberg Mine in Indonesia with estimated reserves of 1,250 tons of gold (40M oz). According to USGS the total economically mineable gold reserves in the world is only 100,000 tons. And of that the USA only holds about 5,500 tons...or do we?
Thursday, October 09, 2014
24hgold - CNW Group
Announces Details for Third Quarter Results

Monday, October 06, 2014
24hgold - CNW Group
Appoints Janice Stairs, LLB, MBA to the Board of Directors

Thursday, September 18, 2014
The Gold Report
Jeff Desjardins and James Fraser Look at Junior Miners in a Way that May Surprise You
The Mining Report: A recent article on Tickerscores.com, "The Great Divide: Inequality in Gold Juniors Means Opportunity," said: "It's clear we've reached a new level of separation between the wheat and the chaff." What does that mean for investors? Jeff Desjardins: As the bear market has progressed, many companies have struggled to raise the necessary funds to advance their projects. Even for those that have been more fortunate, it has often come in the form of dilutive financings. On the oth
Tuesday, September 16, 2014
24hgold - CNW Group
announces the appointment of two new independent directors to its Board of Directors

Monday, September 15, 2014
The Gold Report
Jeff Killeen: Cash and Catalysts Rule the Day
The Gold Report: Two years ago CIBC World Markets recommended taking a short position on a selection of gold stocks. What's CIBC's view on gold stocks today? Jeff Killeen: We had put out a basket of names recommending some short positions, but at that time gold was trading at about $1,600/ounce ($1,600/oz) and there was little support for the price at that level. That dynamic doesn't seem to be at play in today's environment. We are maintaining our current recommendation: Investors should be at
Wednesday, September 10, 2014
The Gold Report
Filipe Martins: African Miners that Can Generate Cash Flow and Dividends
The Mining Report: Some of the experts we have interviewed for the The Mining Report and The Gold Report is that a $1,250–1,350/ounce ($1,250–1,350/oz) gold price can be expected in the short term. Do you agree? Filipe Martins: At GMP, we forecast a $1,350/oz gold price from roughly 2015, but we think there is a real risk that the gold price could fall before it rises, given the threat of higher borrowing costs. Most recently, we haven't seen the increases in physical demand from China and Indi
Tuesday, September 09, 2014
The Gold Report
Sprott's Charles Oliver: Gold at $1,500 by Christmas?
The Gold Report: Gold continues to languish under $1,300 per ounce ($1,300/oz), even as full economic recoveries in the U.S. and the European Union (EU) have yet to occur, despite trillions in new debt and stimulus. Meanwhile, we have two wars in the Middle East that could escalate, as well as reports that Russian troops are in Ukraine. With all that in mind, do you think that gold's fundamentals are less important than they once were, or is the price of gold being held back by other factors? C
Monday, September 08, 2014
Chris Powell - GATA
Gold plunge to $900 wouldn't bother Goldcorp; it would buy poorer miners
* * * Goldcorp CEO Says Gold Price Plunge to $900 Would Be an Opportunity, Not a Disaster By John Shmuel National Post, Toronto Saturday, September 6, 2014 http://business.financialpost.com/2014/09/06/goldcorp-inc-ceo-says-gold-... TORONTO -- The chief executive of Goldcorp Inc. is not fretting over lower gold prices this year and says he would view any price declines as an opportunity to buy assets. In an interview with the Financial Post on Friday, Charles Jeannes, president and CEO of Goldcor
Sunday, September 07, 2014
Dan Popescu - GoldBroker
  Above-ground Gold Stock - How Much Is There and Why Does it Matter? 
To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel
Monday, September 01, 2014
The Gold Report
Keep the Faith, Says Michael Fowler: Juniors and Midtiers Poised for M&A-Fueled Breakout
The Gold Report: A report titled "M&A and Capital Raising in Mining and Metals, 1H 2014" from Ernest and Young (EY) says that mining and metals deal values in H1/2014 are "down 69% year-on-year, to $16.7 billion ($16.7B), from $53.8B, with deal volumes down 34% over the same period." Why aren't more mergers and acquisitions (M&A) happening in the precious metals space? Michael Fowler: The first reason is that there are some big egos in the mining sector and some mining companies would prefer to
Wednesday, August 27, 2014
Chris Powell - GATA
Maybe for another $100 they'll throw in the gold mining company too
From the Canadian Broadcasting Corp., Toronto Friday, August 22, 2014 http://www.cbc.ca/news/canada/british-columbia/bradian-b-c-former-mining... If property prices are getting you down, you could become the proud owner of an entire town for about the same price as a home in a big city like Vancouver or Toronto. Bradian, British Columbia -- 22 houses sitting on 20 hectares -- is on the market for just under $1 million. And while most ghost towns are fairly remote, Bradian is only about 109 kilom
Tuesday, August 26, 2014
Chris Powell - GATA
Donlin gold mine in Alaska brings hope of jobs -- and fear of destruction
DONLIN GOLD WORK CAMP, Alaska -- On a remote ridge in the big, open space between Bethel and Anchorage, where the land and minerals are owned by Alaska native corporations, developers want to cut deep into the earth to extract microscopic bits of gold. The Donlin Gold project is moving quietly forward. Backers are seeking key government permissions and trying to secure the trust of local residents. Developers say the mine's design will be the safest, most stable possible. A wealth of good jobs w
Sunday, August 24, 2014
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