Gold has definitely lost some of its lustre for investors as market volatility, global inflation fears and a beat-up gold mining sector have forced prices to drop.

Americas Bullion Royalty Corp. (TSE:AMB) shot up 21% on Tuesday after announcing the settlement of a debt and royalty option deal entered into more than a year ago.

As the gold price continues to decline, gold miners are struggling to remain profitable. Indeed, as I write the price of gold is nearing three-year lows of $1,200 per ounce.

The high listing fees and regulations at the Toronto Venture Exchange seems to be driving companies to consider moving their listing to the Canadian National Stock Exchange, CNSX.

However important underlying fundamentals are, in terms of supply v demand, they have been and continue to be of little to no use in determining when reality will reenter the market.

A Brazilian court has suspended Canadian miner Belo Sun Mining’s (TSX:BSX) Volta Grande project, Brazil’s to-be largest gold mine, located alongside the Xingu River in the state of Para.

Brazil has a long history of gold mining stretching as far back as the 1700s, when a gold rush in the then-Portugese colony opened up the country to the major gold-producing region of Ouro Preto — Portugese for “black gold.”