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 »
Government House, Mongolia’s President Tsakhia Elbegdorj delivers a televised speech that simultaneously warms his people and chills foreign investors.
Mongolia scolds Rio Tinto on mining costs Read More »
Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes.
Record collapse of Comex gold inventories Read More »
Endeavour Silver Corp. said that it set new records for silver and gold production in its first quarter, but warned that some lost production days are anticipated in the second quarter during the re-commissioning of the El Cubo plant in Guanajuato State.
Endeavor Silver reports record production Read More »
Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen.
Every gold coin has two sides Read More »
For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices.
The Assault on Gold Read More »
