Mining industry faces tough call as gold drops

The fundamental response would be to cut production, but that is unlikely to happen anytime soon – economist.

Gold traders stop for breath with focus on September

The precious metal is still heading for its biggest monthly decline in 2 years.

OceanaGold to buy Romarco for $660 million

OceanaGold will pay 0.241 of its shares for every one in Romarco.

Kinross mulls more job cuts at Mauritania mine

Looking for ways to reduce costs at its higher-cost mines amid sliding metals prices.

GFMS curates egg report

Major London precious metals consultancy GFMS has come up with a very detailed post-Q2 gold report, but we would argue some points with it.

Buy and ‘own Krugerrands’ says Jim Grant

Krugerrands are one of the cheapest and most cost effective ways to buy gold with very low premiums.

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.


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