Leveraged gold speculators panic whenever someone decides to sell large numbers of transient short positions into the market. That isn’t anything unusual. It is because they are gamblers who, like their soul-mates in Las Vegas.
Gold collapse and American gold exports Read More »
Mining companies have asked the Supreme Court of the Philippines to dismiss petitions seeking to strike down Republic Act 7942 or the Philippine Mining Act of 1995 over constitutional issues.
Miners in Philippines face court battle Read More »
Sometimes I wish charts could lie. Sadly, they don’t … Gold fell through recent support at $1,550 last Friday and continued dropping yesterday – hitting a fresh two-year low below $1,350
Gold bears won’t have the last laugh Read More »
Many of Ontario’s junior mining companies are struggling to catch up with the law this month as new regulations under the province’s century-old Mining Act have just come into effect.
Ontario miners struggle with regulations Read More »
A dearth of financing is culling the junior mining herd. Who will be left? Philip Ker, a mining analyst with PI Financial in Toronto, believes cash-flow generators in safe jurisdictions will continue to perform in this market.
Thinning the junior mining herd Read More »
Barrick Gold (ABX), the world’s largest gold producer, has had a series of cost over-runs and delays in developing its mine at Pascua Lama on the border of Chile and Argentina. The issues in Chile climaxed this past week with an injunction barring inquiry about effects on a local glacier and neighboring communities.
Barrick Gold hits glacier in Chile Read More »
For the fourth year in a row, Australia ranks as the best place for mining investment in the world. Permitting delays depress US mining sector, while corruption plagues Russia and Kazakhstan.
Australia: best place for mining investment Read More »
Recently I visited Fortuna Silver Mines Inc.’s San Jose mine in Oaxaca, Mexico, where their $9 million construction project is increasing the mill’s capacity from 1,000 tpd to 1,500 tpd of ore
Site visit: silver mine in Oaxaca, Mexico Read More »
Gold suffered its worst price in a week today, led by heavy fund liquidation a day after European Commission documents revealed Cyprus is required to sell around 400 million euros’ worth of gold reserves under its rescue plan.
What is hurting gold miners? Read More »
A Chilean court has suspended the construction of Barrick Gold Corp’s $8.5 billion Pascua-Lama gold and silver mine after indigenous communities said the project was destroying glaciers and harming water supply.
Chile court suspends Barrick project Read More »
