Timothy Coles, a 35 -
year gold mining veteran, tells CoinDesk why he is selling his Yukon interests for 3,200 BTC.
The 235,626 ounces of gold produced at Lihir during the quarter was better than six of the past nine quarters, and suggests the mine is still capable of becoming the million ounce per
year gold mine that it was always supposed to be.
Not exact matches
A tax hike in Western Australia stands to lower the value of a massive
gold deposit and further drive apart its owners: the world's biggest producers of the metal who have spent the last two
years debating what the
mine is worth.
As a result, «our industry is never again going to
mine as much
gold as we do this
year,» he told a conference in January.
Your daughter's soccer coach who's been a successful salesman for 20
years can be a
gold mine of sales tips.
Black Friday is a
gold mine for retailers — according to the National Retail Federation, retail customers spent an estimated $ 50.9 million during Thanksgiving weekend last
year.
They also saw the riches coming out of the Sudan's Hassai
gold mine, which is run in partnership with Montreal's La Mancha Resources and expected to produce between 60,000 — 70,000 ounces of the yellow metal this
year.
Power generation company Pacific Energy has won an eight -
year contract extension to continue providing services at St Barbara's Gwalia
gold mine in Leonora.
One
year after buying the Thunderbox operations from Norilsk Nickel, Saracen Mineral Holdings has announced plans to develop an open pit
gold mine that will double its production to about 300,000 ounces per annum by the 2017 financial
year.
Perth - based private
mining contractor Barminco has posted a 30.7 per cent rise in operating profit for the 2016 financial
year, with the company optimistic about prospects in the
gold sector for the
year ahead.
Doray Minerals has posted a sizeable boost in net profit for the six months to December, as the company works towards opening its second
gold mine in Western Australia later this
year.
Perth - based contractor Macmahon Holdings has flagged a hit to its earnings for the
year after terminating its contract in Nigeria and incurring losses at Newcrest
Mining's Telfer
gold mine in WA.
If you want to really stand out from your competition and make Facebook a never - ending
gold mine that you can be digging into for
years to come, then you need to put some time into thinking very strategically about everything you do on Facebook and start thinking about everything you do as part of a three - layer Facebook funnel.
Mr Ashley is a management accountant with over 19
years» experience in the resources sector and has previously held senior management positions with UK - based Cluff Resources, Normandy
Mining and Forrestania
Gold.
He won the
Mining Fund Manager of the
Year award from
Mining Journal magazine in 2006 and is the co-author of The Goldwatcher: Demystifying
Gold Investing.
Western Australia's next
gold mine, Crescent Gold Ltd's upgraded Laverton operation, is scheduled to be in production before Christmas and crank up quickly to 90,000 ounces a y
gold mine, Crescent
Gold Ltd's upgraded Laverton operation, is scheduled to be in production before Christmas and crank up quickly to 90,000 ounces a y
Gold Ltd's upgraded Laverton operation, is scheduled to be in production before Christmas and crank up quickly to 90,000 ounces a
year.
The share price of
mining junior Batavia Mining Ltd has more than doubled in the first few days of 2006 on a 140 per cent gold resource upgrade that could bring its Gullewa copper gold project in Western Australia back in production within a
mining junior Batavia
Mining Ltd has more than doubled in the first few days of 2006 on a 140 per cent gold resource upgrade that could bring its Gullewa copper gold project in Western Australia back in production within a
Mining Ltd has more than doubled in the first few days of 2006 on a 140 per cent
gold resource upgrade that could bring its Gullewa copper
gold project in Western Australia back in production within a
year.
In June, the company announced the startup of the Efemcukuru
Gold Mine in Turkey, which is expected to produce 120,000 ounces of gold per year when it hits full product
Gold Mine in Turkey, which is expected to produce 120,000 ounces of
gold per year when it hits full product
gold per
year when it hits full production.
The
gold miner also said it plans to reduce its net debt by at least $ 3 billion this
year and look to sell its Porgera joint venture in Papua New Guinea and Cowal
mine in Australia.
Barrick — which reported a US$ 2.85 billion fourth quarter loss after markets closed Wednesday — has struggled in recent
years with weakness in the price of
gold and problems developing its new
mines.
Mining services company Ausdrill has secured three contract extensions, highlighted by a two -
year, $ US108 million ($ 142 million) deal at the Iduapriem
gold mine in Ghana.
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.
A STRONG performance from its Binduli
gold operations has underpinned anunaudited profit of $ 1.3 million for the 1999/2000 fiscal
year for Croesus
Mining NL.
PERILYA Mines NL has capped off its best six month performance, notching up a record operating profit of $ 6.2 million at its Fortnum
gold mine in WA for the first half of the 2000 financial
year.
Perth - based Aurora
Gold Limited's Mt Muro gold and silver mine in Indonesia overcame another year of climatic extremes to post a lower $ 14.5 million operating pro
Gold Limited's Mt Muro
gold and silver mine in Indonesia overcame another year of climatic extremes to post a lower $ 14.5 million operating pro
gold and silver
mine in Indonesia overcame another
year of climatic extremes to post a lower $ 14.5 million operating profit.
The FTSE
Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined g
Gold Mines Index Series encompasses all
gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined g
gold mining companies that have a sustainable and attributable
gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined g
gold production of at least 300,000 ounces a
year, and that derive 75 % or more of their revenue from
mined goldgold.
A preliminary feasibility study of the KSM project conducted in November 2016 showed that the site contained 39 million ounces of
gold and 10 billion pounds of copper, with a
mine life of more than 50
years.
Mining stocks in relation to the price of
gold and silver have become almost as undervalued as they were in December 2015, when the sector bottomed from the 4 1/2 -
year cyclical correction.
The Silver Institute reported in May that global silver
mine production in 2016 declined for the first time in 14
years on lower - than - expected output from lead, zinc and
gold projects.
Gold has been steady this
year, and the market for new
mining projects seems to be improving.
Indeed, if we look at projects that opened in just the last two or three
years, we see that they're of lower grade, meaning they don't produce nearly as much as older, easy - to -
mine gold deposits.
In January of this
year, Mosquito Consolidated
Gold Mines Ltd. announced its intention to mine gravel and placer gold from 13 claims covering nearly 1000 hectares in the Chehalis River watershed near Miss
Gold Mines Ltd. announced its intention to
mine gravel and placer
gold from 13 claims covering nearly 1000 hectares in the Chehalis River watershed near Miss
gold from 13 claims covering nearly 1000 hectares in the Chehalis River watershed near Mission.
Gold Mining Stocks, the highest performing asset class last
year returning 48 %, are now underperforming.
The average lead time for
gold mines worldwide is close to 20
years, though it can sometimes be more, depending on the jurisdiction.
On a large scale, these companies are pursuing what many people have been doing with computers in their basements for
years:
mining for a digital asset that is now trading at around 13 times the price of an ounce of
gold.
He has provided corporate development and investor relations services to
mining exploration companies for over 15 years including Band - Ore Resources (which became part of Lake Shore Gold, which in turn joined Tahoe Resources TSX: THO) and Trelawney Mining and Exploration, an IAMGOLD TSX: IMG tak
mining exploration companies for over 15
years including Band - Ore Resources (which became part of Lake Shore
Gold, which in turn joined Tahoe Resources TSX: THO) and Trelawney
Mining and Exploration, an IAMGOLD TSX: IMG tak
Mining and Exploration, an IAMGOLD TSX: IMG takeover.
Furthermore, I spend a minimum of 400 + hours a
year to produce the bi-annual reports that I send to every Platinum Member that includes analysis and purchase price points for several dozen
gold and silver
mining stocks that trade on various global stock exchanges that I conclude are among the best in the world.
assembled in the 300
year history of
gold mining in the Lavras area.
Case in point: Comstock
Mining Inc., a young mining company which we own in our Gold and Precious Metals Fund (USERX), has managed to shrink operating expenses from $ 4.4 million this time last year to $ 3.8 million, mostly by lowering legal and advisory exp
Mining Inc., a young
mining company which we own in our Gold and Precious Metals Fund (USERX), has managed to shrink operating expenses from $ 4.4 million this time last year to $ 3.8 million, mostly by lowering legal and advisory exp
mining company which we own in our
Gold and Precious Metals Fund (USERX), has managed to shrink operating expenses from $ 4.4 million this time last
year to $ 3.8 million, mostly by lowering legal and advisory expenses.
At the start of the
year a major disagreement with Indonesia over Freeport's ownership of the massive Grasberg copper and
gold mine broke into the headlines.
Consider that despite the stellar performance of
gold mining stocks this year that have been, by far, the strongest performing asset class of 2016 (along with silver mining stocks), and that even with the massive growth in market cap of PM stocks during H1 2016, the total market cap of all the mining stocks that comprise the HUI Gold Bugs index, as of 2 August 2016, is still barely larger than 1/3 the market cap of Facebook and Ama
gold mining stocks this
year that have been, by far, the strongest performing asset class of 2016 (along with silver
mining stocks), and that even with the massive growth in market cap of PM stocks during H1 2016, the total market cap of all the
mining stocks that comprise the HUI
Gold Bugs index, as of 2 August 2016, is still barely larger than 1/3 the market cap of Facebook and Ama
Gold Bugs index, as of 2 August 2016, is still barely larger than 1/3 the market cap of Facebook and Amazon.
«
Mining is difficult and I think everyone underestimates the true economic costs of extracting a unit of whatever it is, in this case an ounce of
gold, and replacing it with an ounce you can take out of the ground next
year.
Therefore, absent any significant and sustained rise in the
gold price, we expect few new
mines to be built for many, many
years to replace depleting and aging mine reserves.
In our opinion, it will require a sustained rise of several
years in the
gold price to attract capital for new
mining projects, assuming that such projects even exist in light of the severe reduction in industry exploration expenditures and discovery rates.
Consequently, in the unlikely event that the current bull market in US equities continues for one more
year and
gold -
mining stocks trend upward during that
year, the
gold -
mining sector will then be vulnerable to the downward pull of a general equity decline.
While the company continues to find more
gold zones in the district, it will have a feasibility study out in the next quarter on the Gruyere
mine / mill project that is designed to produce 265,000
gold ounces per
year for 12
years.
Such a hypothesis, in our opinion, does much to explain the incongruity of a declining
gold price while fundamentals for paper currency, and the US dollar in particular, obviously deteriorate; while demand for physical
gold has exceeded new
mine supply for several
years running; and while above - ground 400 - ounce.999
gold bars located in London, New York, and other financial capitals (in cohabitation with speculative trading activity in paper markets) have steadily dwindled and disappeared into Asian financial centers reformulated as.9999 kilo bars.
Gold mining stocks have been through a wrenching 3 1/2
year bear market.
12-10-2010 Resignation of Chairman 11-10-2010 Caledonia
Mining Announces Third Quarter 2010 Results 10-21-2010 Caledonia
Mining Announces the Commissioning of the No. 4 Shaft Project 08-26-2010 Caledonia
Mining Announces the Completion of the Underground Installations on the No. 4 Shaft Project 08-18-2010 Caledonia Option Exercise Prices Reduction Becomes Effective 08-12-2010 Caledonia
Mining 2010 Second Quarter and Half
Year Results and Management Conference Call 06-14-2010 Caledonia Commissions the First Standby Generator at Blanket
Gold Mine in Zimbabwe 05-14-2010 Caledonia
Mining First Quarter 2010 Results 05-06-2010 Caledonia Installing a Standby Generator at Blanket
Gold Mine in Zimbabwe 03-31-2010 Caledonia
Mining 2009 Fourth Quarter and Annual Results and Management Conference Call 02-12-2010 Government of Zimbabwe sets out Regulations for Indigenisation 01-29-2010 Reserve Bank of Zimbabwe Defaults on Bond Repayment to Caledonia
Mining and update on timeline for completion of No. 4 Shaft Expansion
Our trading discipline has been honed over the past 14
years of trading, analyzing and covering the
gold and silver
mining industry group.