GDX, an exchange - traded fund
for gold miners, has lost 15 % of its value since September while gold prices have fallen to its July low point.
The Swiss village of Gondo on the Italian border was once a haven
for gold miners.
Much the same
for gold miners as well.
EXPLORATION discoveries and a strong reinvestment program have augured well
for gold miner Hill 50 Gold NL which posted a net profit after tax of $ 10.77 million for the last fiscal year.
The share price for Newmont Mining has increased twice fast as gold prices since January — something that should increase profitability
for the gold miner and allow it to lower operating costs as sells more shares.
Not exact matches
Pilbara - focused
gold miner Millennium Minerals has reported good news in a gloomy industry with a maiden profit of just over $ 34 million
for the first half of calendar 2013.
For more than a year, Chuck Jeannes, CEO of Vancouver - based Goldcorp — the world's largest
gold miner by market value — has posited his «peak
gold supply» theory.
Shares in
gold miner Ramelius Resources have risen
for the second time in a week after the company announced it had struck a significant amount of high - grade
gold at its Blackmans project in the Murchison region.
Gold miner Troy Resources has warned of a big hit to its production guidance
for 2016 after facing a number of delays at its Karouni operation in Guyana.
West Perth - based
miner Metals X has hit back at Northern Star Resources» bid
for Tanami
Gold's Central Tanami project with claims that the deal conflicted with legally - binding obligations.
Local
gold miners Resolute Mining, Saracen Mineral Holdings and Ramelius Resources have hit their production targets
for FY16 at lower - than - expected costs.
Shares in Perth
gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $ US5.5 mill
gold miner Minera
Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $ US5.5 mill
Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago
gold and copper processing plant in Peru for $ US5.5 mill
gold and copper processing plant in Peru
for $ US5.5 million.
Legend Mining has sold its stake in
gold and nickel
miner Independence Group
for $ 4 million, with the local explorer netting about $ 2.5 million profit from the sale.
The tussle
for control of Phoenix
Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the
miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $ 47 million.
Junior
miner Kidman Resources has tapped investors
for $ 21 million to fund exploration work at its
gold and lithium deposits in the Goldfields.
Three aspiring
gold miners have announced an increase in projected free cash flow
for their respective projects as a result of the strong
gold price, coupled with falling fuel costs.
Gold miner Resolute Mining has tapped investors
for $ 150 million to fund the restart of operations at its Ravenswood mine in Queensland.
Shares in Perth - based explorer Apollo Consolidated have surged on news it has struck an agreement with
gold miner Newcrest Mining
for its Seguela project in West Africa.
Gold and nickel
miner Independence Group has announced a $ 280 million capital raising to bolster its balance sheet, making it the largest raising by a Western Australian company
for 2016.
Gold miner Northern Star Resources has boasted a 5 per cent fall in costs while reporting an increase in sales
for the March quarter.
Gold companies Doray Minerals, Ramelius Resources and Saracen Mineral Holdings have posted better - than - expected production results
for the December quarter, with the precious metal
miners bullish on the next six months.
Gold miner Beadell Resources has received commitments
for a $ 50 million capital raising to fund exploration to build its mining inventory.
Perth - based
gold explorer Gascoyne Resources says the deterioration in market conditions was the reason
for backing out of a proposed alliance agreement with Canadian
gold miner Monument Mining.
Subiaco - based
gold miner Perseus Mining has launched an all - scrip bid
for London - listed Amara Mining in a deal worth about $ 85 million.
Gold miner Millennium Minerals has received firm commitments for an $ 8.1 million capital raising to provide a working capital buffer as it ramps up to full production at Nullagine gold project in the Pilb
Gold miner Millennium Minerals has received firm commitments
for an $ 8.1 million capital raising to provide a working capital buffer as it ramps up to full production at Nullagine
gold project in the Pilb
gold project in the Pilbara.
For Worth, rather than pile into the commodity itself, investors could stand to profit more from
gold - related stocks, specifically the
gold miners.
The
gold and copper
miner, which also drills
for oil and gas, has seen its bottom line dry up as the price of each of those natural resources has fallen sharply recently.
Gold miner Doray Minerals is hoping
for a market re-rating after announcing a scrip takeover of Mutiny
Gold today, but its goal of becoming a two - mine mid-tier producer failed to impress the market.
Gold and gold miners have been some of the hottest trades this year, and now one trader is looking for even more lus
Gold and
gold miners have been some of the hottest trades this year, and now one trader is looking for even more lus
gold miners have been some of the hottest trades this year, and now one trader is looking
for even more luster.
West African
gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options
for an underground development.
(
For a good explanation of why people think this, read our interview with «Made in Chelsea» start - turned -
gold miner Francis Boulle.)
The
miner said adjusted net earnings
for the quarter ended March 31 rose to $ 170 million, or 15 cents a share, from $ 162 million or 14 cents a share in the same three - month period a year ago on the back of higher
gold prices and lower depreciation.
Gold miners also saw outflows, and despite talk of an infrastructure plan, utilities and transports both had negative flows
for the year.
However, he draws an analogy to the California
gold rush, where those who made the most money were often those who supplied the
miners rather than dug
for gold — such as clothes - maker Levi Strauss.
Resolute Mining Ltd has given the green light
for a $ 77 million expansion of its Ravenswood project in Queensland, as the Perth - based
gold miner attempts to capture some of the 25 - year - high
gold price.
PERTH - BASED
gold miner Hill 50 Gold NL produced 45,277 ounces of gold for the June quarter from its operations in the Mt Magnet area of the Murchison goldfields in
gold miner Hill 50
Gold NL produced 45,277 ounces of gold for the June quarter from its operations in the Mt Magnet area of the Murchison goldfields in
Gold NL produced 45,277 ounces of
gold for the June quarter from its operations in the Mt Magnet area of the Murchison goldfields in
gold for the June quarter from its operations in the Mt Magnet area of the Murchison goldfields in WA.
Gold miners might possibly be worth owning as producers of a metal
for industrial and cosmetic uses, but their current levels of production go far beyond such requirements.
For those interested in the
gold miners, consider RING, the iShares MSCI Global Gold Miners
gold miners, consider RING, the iShares MSCI Global Gold Miner
miners, consider RING, the iShares MSCI Global
Gold Miners
Gold MinersMiners ETF.
Despite being highly correlated,
gold miners are not a good substitute
for physical
gold from an asset allocation perspective.
After the peak prices at the end of 2016, there was a sharp drop which inclined me to unload my
gold and silver
miners for a hefty profit.
I haven't made a post since my last buys but I wanted to talk a little bit about my
gold and silver mining stocks and the status of my strategy of holding the
miners to sell
for a hefty profit to fund my dividend portfolio.
This is especially true
for junior
gold explorers and
miners due to low - trade volumes.
The VanEck Vectors Junior
Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Junior Gold Miners Index, which is intended to track the overall performance of small - capitalization companies that are involved primarily in the mining for gold and / or sil
Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Junior
Gold Miners Index, which is intended to track the overall performance of small - capitalization companies that are involved primarily in the mining for gold and / or sil
Gold Miners Index, which is intended to track the overall performance of small - capitalization companies that are involved primarily in the mining
for gold and / or sil
gold and / or silver.
For information regarding the investment objectives, strategies, liquidity, risks, expenses and fees of the VanEck Vectors Gold Miners ETF and VanEck Vectors Junior Gold Miners ETF, please refer to the prospectuses for those fun
For information regarding the investment objectives, strategies, liquidity, risks, expenses and fees of the VanEck Vectors
Gold Miners ETF and VanEck Vectors Junior
Gold Miners ETF, please refer to the prospectuses
for those fun
for those funds.
(The major
miners serve the bullion banks, not their shareholders, and have actively participated in
gold's price destruction
for years, starting with the «hedging» campaign that handed guaranteed profits to the banks and pitiful share prices to the stakeholders.)
Many Canadian
miners such as Barrick, Northern Star, Newcrest, Agnico Eagle and Detour
Gold Corporation have reduced their all - in sustaining costs (AISC) and have provided guidance of further reduced levels
for 2016, the report stated.
Indeed, Klondex has managed to stay above the Market Vectors Junior
Gold Miners ETF
for the 12 - month period, delivering a positive return of 7 percent versus the index's -7.5 percent.
If you don't think you have the right touch to time your
gold investment perfectly
for profit, you might look at
gold miners and companies tied to them instead.
The market's largest producers, including Newcrest Mining, Evolution Mining and Northern Star Resources, have also benefited from recognition that the recent rise in the US - dollar
gold price, a weak local currency and lower costs across the sector have created significant positive tailwinds
for Australian
gold miners.
There is also no scope
for a bitcoin
miner to ramp up production in an attempt to price out competitors by driving down the value of bitcoin, as is possible with
gold.