This puts
the big gold mining companies in a tricky spot.
Not exact matches
It was the
biggest deal in the
company's history, but last February it announced a $ 2.49 - billion writedown after finding out that the
gold at Red Back's Tasiast
mine was of a lower grade than previously thought.
Gold and lithium players were the
biggest winners in the quarterly S&P / ASX indices rebalance, with Perth - based
companies Galaxy Resources and Resolute
Mining leading the shift, while contractors and tech firms lost ground.
In addition to dabbling in coal, real estate and oil and gas through their primary
company, the Mancal Group, brothers Fred and Ron are also the
biggest shareholders in
mining junior Infinito
Gold.
Most
mining shares that trade in North America rose during the first four days of the week, helped by higher
gold and silver prices, with smaller to intermediate - sized
companies being the
biggest gainers.
Stewart Dougherty is back with scathing commentary about the
big mining companies — Barrick, Newmont, Goldcorp, etc — and their unwillingness to fight the obvious intervention in the
gold and silver markets by western Central Banks and Governments.
«But this windfall was unevenly spread, as many juniors continued to struggle to raise financing and more than one - quarter of the total funds went to just four
companies»: Cobalt 27 Capital TSXV: KBLT, Leagold
Mining (since graduated to the
big board as TSX: LMC), Trek
Mining TSXV: TREK (expected to merge with NewCastle
Gold TSX: NCA and Anfield
Gold TSXV: ANF to form an anticipated new
company called Equinox
Gold TSXV: EQX) and Bluestone Resources TSXV: BSR.
It's also overtaken its two
biggest competitors, Goldcorp Inc. and Newmont
Mining Corp., in market capitalization, allowing it to reclaim the title of the world's most valuable
gold company.
In the vein of The Wolf of Wall Street and The
Big Short,
Gold charts the progress of a mining company that hits the largest gold strike in the 20th century, deep in the jungles of Indone
Gold charts the progress of a
mining company that hits the largest
gold strike in the 20th century, deep in the jungles of Indone
gold strike in the 20th century, deep in the jungles of Indonesia.
But as I highlighted above, I suspect valuation may not be the best filter / catalyst here — the opportunity may be so
big, the most expensive
companies may just win out in the end, the clowns could fall into a
gold mine, and maybe even the crooks are actually tempted to go straight!
Bitcoin
Gold, or BTG, aims to democratize the blockchain's lucrative
mining infrastructure by taking it out of the hands of
big companies.