By Michael Allan McCrae The BBC looks at all the claims for the purported amount of gold in the world and finds a lot of discrepancy. Gold has been … [Read more...]
Warren Buffett's gold cube is probably the wrong size
Norilsk Nickel profit down 37%
By Vladimir Basov Russian MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announced today its unconsolidated financial … [Read more...]
Rick Rule on Cyprus: The inmates are in control of the asylum
By Anthony Halley Rick Rule spoke with King World News last week, suggesting that the Cyprus bank depositor 'haircut' was chiefly "something that … [Read more...]
Gold mining at former Stalin prisoners’ camps in Russia still attracts hundreds
By Cecilia Jamasmie Russia’s Magadan region, also known as Kolyma, is a name that evokes Stalin-era Gulag camps for a generation, where prisoners … [Read more...]
VIDEO: Goldcorp doesn't want to repeat missteps
By Michael Allan McCrae Goldcorp will have sufficient water to meet its guidance for its Penasquito Mine this year and next, said COO George Burns … [Read more...]
Canada's mining sector fails to book a single IPO so far this year
By Cecilia Jamasmie For the first time in a decade, Canada's normally bustling mining sector failed to book a single Initial Public Offering (IPO) … [Read more...]
SEC dismisses copper manufacturers complains against JPMorgan ETF
By Cecilia Jamasmie The U.S. Securities and Exchange Commission (SEC) has restated that JPMorgan Chase & Co's planned exchange traded fund … [Read more...]
Are gold miners starting to hedge again?
By Frik Els Gold producers increased their hedging for the first time in three quarters according to the latest data about forward selling in the … [Read more...]
Force majeure: Codelco says losing 'substantial' output at its biggest mine
By Frik Els Chile's copper giant Codelco on Sunday said it is losing a "substantial" portion of its production as a strike at its Radomiro Tomic … [Read more...]
QUICK FACTS: Gold ETFs, the people's central bank
By Frik Els Gold exchange traded products (ETPs), more commonly referred to as ETFs or exchange traded funds, have utterly changed the market in … [Read more...]
It's official, gold is in recession. Here's why
By Frik Els The gold price dropped back through the $1,600 an ounce level on Thursday, the last trading day of the first quarter. Gold is down more … [Read more...]
Survey shows fewer Americans pick gold as top investment choice
By MINING.com News CNBC's All-America Economic Survey this year again found that Americans' favourite investment is gold, beating out all other … [Read more...]
The curious case of the missing Chinese mining billionaire
By Frik Els The story of disgraced former senior Chinese leader Bo Xilai may be the most well-known, but further down the political and business … [Read more...]
Tibet landslide traps 83 gold miners
By MINING.com News On Friday, a massive landslide crashing down a mountainside in a gold-mining area of Tibet buried 83 workers Chinese state-run … [Read more...]
Alaska's Fort Knox mine: A driver of the local economic engine
By Jack Caldwell A reader of my blog sent me this link. It is a 2011 report on the economic benefits of the Fort Knox mine in Alaska. Although the … [Read more...]
Russia seeks investors for its millions of ounces of gold in situ
By Vladimir Basov This year Russia plans to sell potential investors 86 prospective hardrock gold occurrences and deposits with exploration … [Read more...]
Interest in Bitcoin peaking, prices skyrocketing
By Michael Allan McCrae Here comes Bitcoin. According to Google Insight which tracks search volume, interest in the peer-to-peer crypto-currency is … [Read more...]
'They securitized it': The man who sparked the tea party turns on gold
By Michael Allan McCrae Rick Santelli, financial reporter for CNBC and the person credited with having catalyzed the Tea Party movement, dismissed … [Read more...]
Bitcoin miners face cyber attack increase
By Anthony Halley "Miners" of the virtual currency bitcoin have come under increasing attack from hackers as the value of each coin has tripled in … [Read more...]
Gold prices falling trend just the aftermath of a bull-run finished in 2011: report
By Cecilia Jamasmie While gold climbed 6.2% in 2012, the bull-run for the precious metal ended in 2011 and the market will continue to feel the … [Read more...]
Newcrest Falls After Cutting Gold Output Forecast: Sydney Mover
Summary:Stock of Australia's largest gold producer, Newcrest Mining Ltd. (NCM), fell to a 4-year low following an announcement from the company that … [Read more...]
Amplats prolongs talks with South African government until end of April
By Cecilia Jamasmie Anglo American Platinum (Amplats), the world's main producer of the precious metal, has extended for 30 days its talks with the … [Read more...]
Australian mining service companies in dangerous decline
By Kerry Hall Australia's central bank warned the country's national resources sector the future of companies servicing the mining industry is … [Read more...]
GoldCore predicts all-time price record for gold within 12-18 months
By Kerry Hall Mark O'Byrne, director of research at Ireland's GoldCore Ltd., predicts gold prices will hit an all-time record high most likely … [Read more...]
The gold and silver crowd have found a new object for their affection
By Michael Allan McCrae With gold in unending doldrums, the precious metal crowd needs a place to go and Bitcoins may be fitting the bill. The … [Read more...]
A tale of two 'doomsdays': gold and the global economy
By Anthony Halley A "doomsday scenario" drop to $1,000/ounce would "make half the gold industry worthless," according to Bank of America Merrill … [Read more...]
Confidence vote: Insiders are picking up the precious metal stocks others are dumping
By Kerry Hall A Canadian financial research firm says the insider buying ratio on the Toronto Stock Exchange has nearly doubled since … [Read more...]
INFOGRAPHIC: Mining sector has second largest gender pay gap
By Anthony Halley Last month I chatted with mining industry cost and labour experts at CostMine about the very high wages earned by Australian … [Read more...]
Curfew in Congo’s mining hub lifted
By Cecilia Jamasmie The Congolese government has lifted a night-time curfew enforced on Lubumbashi, the capital of mineral-rich Katanga province, … [Read more...]
China Copper Demand Growing
Summary: In recent months, we've seen mining activities for metals slow down due to surplus supply. But this could change as copper demand from China … [Read more...]