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One looks for certain key attributes when conducting due diligence on a gold exploration company and Corvus Gold – a spinoff from International Tower Hill Mines – ticks many of the right boxes.
UK-headquarterd junior gold miner, Avocet Mining, has had a tough year having been taken by surprise by last year’s declining gold price.
Mining analyst John Tumazos urges the CEOs of major gold companies “to renounce construction of complex large mines, whether in this hemisphere or remote locations.”
The potential political and economic fallout between Russia and the West over Ukraine and Crimea could have a major destabilising effect on the global economy and give a further boost to the gold price.
According to analysts, the change in emphasis in the gold market to buyers in the East is likely to make prices more reactive to sharp rallies.
CEO Brian Porter says the process for setting gold prices, known as the London gold fix, is outdated and should be reviewed.
Jamie Sokalsky thinks gold prices may retest previous highs and rise toward $2,000 an ounce within two or three years.
The Massawa project doesn’t currently meet Randgold’s requirements for development, CEO Mark Bristow said in a presentation in Toronto on Wednesday.
The deficit was $4.2 billion in October through December, compared with $5.2 billion for the prior quarter, says the Reserve Bank of India.
Jamie Sokalsky says there is still work to be done to improve the company’s profitability, and that may include selling more assets.
The finance ministry says the country is holding gold coins valued at $501,390 as its only reserves, highlighting the parlous state of its finances.
Unionised employees at its Maricunga mine are currently on strike and have forced the company to suspend operations at the site.
The country is eyeing investments into its long-neglected gold sector as part of a strategy to rebuild its economy after a decade of political turmoil.
According to Eric Sprott, gold stocks are reacting very positively to what seems to be a shift in people’s willingness to commit to the precious metals area.
One suspects that the days of the London Gold Fixing in its current form may be numbered – but what mechanism can be implemented to replace it has to remain uncertain.
Barrick Gold is not considering hedging gold at the moment, its CEO Jamie Sokalsky told the PDAC convention in Toronto.
Although construction of the Pascua-Lama project is still suspended, a Chilean court has nullified a record environmental fine imposed on Barrick.
According to both Jeff Christian and Patricia Mohr, while gold prices are likely to rise in 2014, the increase will not be a massive one.
An easing of the tensions in the Ukraine could see gold’s recent gains negated, but it is longer term factors like the state of the U.S. economy and Chinese demand which will set the gold price pattern for the year ahead.
Advocates of the "ethical gold" initiative say it is aimed at reducing the harmful impact of illegal mining in mineral-rich developing countries.
Last year, the government raised import duty on gold to a record 10% and tied gold consumption to exports of gold jewellery to bolster external finances.
Harmony says an investigation into a fire that killed 9 miners at its Doornkop mine will take at least another four weeks to complete.
Osisko filed the suit in the Quebec Superior Court, arguing Goldcorp had misused confidential data from previous talks.
Global gold output is poised to decline after the worst price slump in 30 years spurred producers to cut spending and revise mining plans.
A new study reveals trend of Indian investors shifting again to gold as a safe haven, as prices have risen over 10% so far this year.
State-owned mining company, Epangelo Mining, is in talks with QKR to buy a stake in the Navachab mine it recently agreed to buy from AngloGold.
The mint sold 31,000 ounces of American Eagle gold bullion coins in February, compared with 80,500 ounces in the same month last year.
Gold producers are poised to benefit from rising prices after cutting staff, selling marginal assets and lowering production costs.
The Johannesburg-based company is open to repaying $1.25 billion of bonds early as yields dropped to a record low, its CEO says.
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