FOLLOW US

David Einhorn is being punished by gold

Einhorn’s investing approach has dropped 16% in 2015, dragged down by his bet on gold.

HSBC downgrades 2015 gold price forecast

Predicts that gold will average $1,160 per ounce in 2015 from $1,234 previously.

Kyrgyzstan launches gold venture with China

This is the second major gold project launched after the collapse of the Soviet Union.

Gold out of style like bell-bottom trousers signals lower prices

The problem for gold isn’t just that prices are dropping.

Africa’s biggest gold deposit becomes burden as prices plunge

And the bond market’s taking note.

Chinese favoured stocks over bullion in Q2

“Gold has certainly moved out of favour in China in recent quarters,” says GFMS analyst Andrew Leyland.

NUM lowers gold wage demand by 9.5%

‘We are prepared to negotiate and meet them halfway.’

China gold imports to plunge as financing deals unwind

As demand for bullion used to back domestic financing deals decreases, says refiner Valcambi.

One in 10 gold mines now uneconomical

The plunging gold price has slashed margins for miners around the world.

Gold price to average $1135/oz in Q3 – GFMS

This compares to a Q2 average of $1,192/oz and current spot gold price of $1,095.

NUM says signs wage deal with Village Main Reef

Putting more pressure on bigger gold mining companies.

China’s gold buying from HK drops to lowest in a year

Purchases less sales sank to 22.1 metric tons in June from 67.9 tons in May.

Gold slump not over as speculators go net-short

Hedge funds swung into a net-short position for the first time.

Acacia second-quarter profit falls 70%

Profit dropped 70% after mining costs rose and bullion prices slid.

Gold below $1,100 threatens profit at one-third of producers

Showed a Bloomberg Intelligence note on Friday.

Ivory Coast power cuts boost Tongon mine costs

Randgold CEO says the persistent power cuts have adversely affected operational costs and output at its Tongon mine.

Tanzanian junior gold miner coming good again

Shanta Gold, which produces gold at its New Luika mine in Tanzania, is now well on track to up production and lower AISC into the bottom quartile.

AngloGold leads bullion-stocks drop as metal falls

Gold stocks dropped as bullion fell to a five-year low.

Gold’s role as an asset in question as prices sink

Prices have plunged to a five-year low.

MARKET INDICATORS

JSE ALSI
DAX
CAC 40
Dow Jones close
S&P 500 close
Gold
Silver
Platinum
Palladium
Gold ZAR/oz
Brent Crude
USD / Euro
CAD / USD
ZAR / USD
UAD / USD

MINEWEB NEWSLETTERS


Verification Image