Articles related to mine
Alasdair Macleod - Finance and Eco.
The origin of cycles
It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, rec
Sunday, January 24, 2021
Keith Weiner - Monetary Metals
What makes gold good money
People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue diamonds which are too rare (and diamonds would not work as money anyway. Rather than focusing on its rarity, let’s look at extracting it. It has generally held true that the cost to mine an ounce of gold was around one ounce of
Saturday, January 9, 2021
Jeff Clark - Goldsilver
Gold Jewelry’s Real Advantage: Wearable, Transportable Wealth
I vividly remember the first gold coin I ever bought.A one-ounce American gold Eagle. When I first opened the package, I was instantly struck by its beauty, shine, and refinement. And I loved the weight of it in my hand. I must’ve looked at it a hundred times over the next several days.What I did next, though, is telling: I stuck it in a safe. And there it sat, in the dark and out of sight.It was, well, anticlimactic. I loved the coin, but I couldn’t do much with it… couldn’t show it off, couldn
Monday, December 28, 2020
Eugen Von Böhm-Bawerk -
Our Passive Trade Balance
Editor's Note: Published in January 1914 in Neue Frei Presse,"Our Passive Trade Balance" (“Unsere passive Handelsbilanz”) would prove to be Eugen von Böhm-Bawerk's last publication before his death. Ludwig von Mises mentions the article in an essay written after Böhm-Bawerk's death, but to our knowledge, this is the first time the essay has appeared in English. Nathan Keeble located a scan of the article posted by the Austrian National Archives. Translation by Kai Weiss.]As is well known, the t
Saturday, December 19, 2020
BullionStar - Bullion Star
The 5 Largest Gold Nuggets that Still Exist
Throughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as well as capturing the wider public's imagination. It has probably something to do with so much gold being found at the same time, often with relative ease. Gold nuggets can be found in alluvial deposits (sediments formed by water movement) or in other placer deposits (formed by other movement), but gold nuggets can also be found in or
Tuesday, December 15, 2020
Mac Slavo - ShtfPlan
Is This The Beginning Of The Next Silver Rush
This report is a PAID ADVERTISEMENT from Far below the Nevada desert, past ancient mine shafts and rock-strewn caverns, there could be a fortune waiting to be made by one small company. A fortune in silver. A mine that inspired the silver rush in the 1880s, that was tapped once more in the 1960s, could again prove a boon to miners using the latest technologies to tap unexplored and unexploited mineral deposits. It could prove to be a great re-discovery in the history of silver minin
Monday, November 30, 2020
Perth Mint Blog - Perth Mint Blog.
Precious metal units of measure explained
The precious metals industry uses the troy ounce as its basic unit of measure, even in countries who have adopted the metric system. A troy ounce is heavier than the more common avoirdupois ounce. While there is a difference between a troy ounce and an ounce, the precious metals industry often uses “ounce” and the abbreviation “oz” rather than “troy ounce” and “ozt”. As a result, when you see “ounce” and “oz” used in the context of precious metals, assume the reference is to troy ounces. When re
Sunday, November 15, 2020
Mike Hewitt - Dollar Daze
Should Self-Sufficient Countries Trade
Countries that are self-sufficient have enough resources to meet the demands of their citizens. Such countries do not need to trade, but there is advantage to be gained by trading. These benefits are three-fold: reduced prices, a tradable surplus, and/or reduced work hours for their citizens. I will illustrate this principle using two commodities - spice and coal - from two hypothetical countries: Zamunda and Elbonia. For this illustration we need to agree on the following assumption:
Thursday, May 21, 2020
Steve Saville - Speculative Investor
  What should the gold/silver ratio be
The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exis
Sunday, April 5, 2020
The Gold Report
Explorer to Sell Nevada Mine to McEwen Mining
The deal provides the seller with financial flexibility. Fremont Gold Ltd. (FRE:TSX.V) announced in a news release it agreed to sell its past-producing Gold Canyon project to McEwen Mining for 300,000 McEwen common shares. Gold Canyon is adjacent to McEwen's Gold Bar mine in Nevada. The agreement is expected to close by Aug. 23, 2019. "Selling Gold Canyon appreciably increases Fremont's financial flexibility," CEO Blaine Monaghan said in the release. "I
Tuesday, August 20, 2019
The Gold Report
Explorer Secures $90M from Sprott to Build Gold Mine in Red Lake
The terms of the financing package and the company's plans for the rest of 2019 are described in an Echelon Wealth Partners report. In an Aug. 8 research note, Echelon Wealth Partners analyst Ryan Walker reported that Pure Gold Mining Inc. (PGM:TSX.V; PUR:LSE) negotiated a $90 million financing package with Sprott Resource Lending to fund development of an underground mine at the explorer's Madsen gold project in Red Lake, Ontario. Composed of a $65 mi
Monday, August 12, 2019
The Gold Report
Explorer Finds Further High-Grade Mineralization at Nevada Mine
These results are from an ongoing mapping and sampling program at various levels of the underground workings. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that exploration work on the 5570 level of its Good Hope mine identified structurally controlled, high-grade gold and silver mineralization. Good Hope is part of Newrange's Pamlico project in Nevada. Follow-up underground mapping and channel sampling from accessible mine work
Tuesday, August 6, 2019
Perth Mint Blog - Perth Mint Blog.
Golden Mile to Super Pit – gold from Australia’s most famous outback mine used to ...
Harsh, arid and lonely. The Western Australian outback is an inhospitable place. Despite the difficult conditions, however, men have pursued their dream of finding gold in this challenging region for well over a century. At Coolgardie in the 1890s, their hopes were well founded, for nearby lay what would become famed as the richest square mile on Earth. Paddy Hannan, a 50 year old prospector originally from Ireland, walked the 600 kilometres from Perth to try his luck. Together with Thomas Flana
Thursday, August 1, 2019
The Gold Report
Gold Explorer Buys Past-Producing Nevada Mine with Exploration Potential
The property fits the company's acquisition model—precious metal, high grade, cost effective, and in the western U.S. American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release it acquired the Gooseberry mine in Nevada for $20,000. Gooseberry is a historical, "low sulphidation epithermal system with high-grade gold and silver mineralization hosted in quartz carbonate veins" in the Ramsey District in Storey County, the release noted
Thursday, April 25, 2019
The Gold Report
Canadian Miner Releases New Mine Plan for Manitoba Mine
An iA Securities report provided some key data points to know about this company. In a Feb. 20 research note, iA Securities analyst George Topping reported that HudBay Minerals Inc.'s (HBM:TSX; HBM:NYSE) Q4/18 was a beat and 2019 guidance is in line. The company's Q4/18 cash flow was $0.40 per share versus consensus' $0.31 estimate. EBITDA came in at $122.8 million, higher than the Street's $107 million forecast. The beat was due to continued higher gr
Monday, February 25, 2019
The Gold Report
Gold Major's Australian Mine 'Heading to Tier 1 Status'
A BMO Capital Markets report assessed this project following a site visit. In a Nov. 7, 2018, research note, analyst Andrew Kaip reported that the overall impressions from BMO Capital Markets' site visit to Newmont Mining Corp.'s (NEM:NYSE) Tanami project in Australia's Northern Territory are that it is "a great success that keeps getting better," it is "quickly heading to tier 1 status" and it offers a "treasure trove of exploration opportunities." Ka
Saturday, November 10, 2018
The Gold Report
Analyst: 'Impressive Summer of Development' as the Yukon's Next Gold Mine Takes Shape
With construction 40% completed, this gold explorer/developer is well on the way to getting the Yukon's next gold mine up and running. Construction crews are racing against Mother Nature, pouring concrete and erecting steel at Victoria Gold Corp.'s (VIT:TSX.V) Eagle Gold Project in the Yukon, in order to continue interior construction once the Yukon winter sets in. Concrete for the crushing plants should be completed by the end of Octob
Monday, October 22, 2018
Graham Summer - Gains Pains & Capital
Is Italy the Canary in the Coal Mine For Europe's Debt Bubble
The EU debt bomb is about ready to go off. If you wanted to find a place in which Central Banking monetary insanity will result in an epic systemic blow up, Europe is the best place to start. True, Japan is further down the monetary insanity rabbit hole… but Japan is a single country with a single central bank that controls a single currency. Europe, on the other hand, is an amalgamation of 24 countries, all in various stages of insolvency, and none of which have a Central Bank that can print
Tuesday, October 2, 2018
Graham Summer - Gains Pains & Capital
When HODL becomes GTFO, what is your exit plan, and how long will it take to execute
"You know, fighting in a basement offers a lot of difficulties. Number one being, you're fighting in a basement." - Lt. Aldo Raine  Like most libertarians, private property ownership and personnel security are two passions of mine where we all clearly benefit from always having an exit plan.   This article probably does not cover anything professional traders and old mobsters don't fully grok, but dilettantes and newbies will certainly benefit from either developing or reviewing their exit poi
Monday, August 13, 2018
Graham Summer - Gains Pains & Capital
Eat Gold
Submitted by A popular phrase in segments of the mainstream financial media is that “You Can’t Eat Gold”. We don’t know who first uttered this comment, but it was more than likely a talking-head or Wall Street analyst on CNBC or Bloomberg. The disparaging claim seems to be based on concluding that in a financial or monetary crisis, if you own gold, that “You Can’t Eat It”. And so, according to the logic of whoever came up with the phrase, this would make gold useless during a fin
Monday, August 13, 2018