Home » Mining You are browsing entries filed in “Mining”

Le Pen and Fed news squeeze Gold price from both sides

Photo Credit: Blandine Le Cain. Edited with TVScanline effect

Bulliondesk has reported today that spot gold prices were down 0.2% at $1,234.16/oz whilst silver was off 0.3%. Metals had a slight dip, with prices down 0.3% on average. Volume sits around 6,164 lots traded. The indifferent nature of the gold price today comes as a result shorter-term influencers effecting a long term, gradual upward […]

February 22nd, 2017 | Posted in Gold News,Mining | Read More »

Gold price supports return of AngloGold dividend

The world’s third largest gold producer, Johannesburg-based AngloGold Ashanti, are to renew their dividend for the first time since 2013 amid healthier gold prices, it has been revealed. AngloGold Ashanti had previously suspended dealing out capital to their shareholders owing to unfavourable market conditions. More recently, however, the relative attractiveness of foreign currencies and a […]

February 21st, 2017 | Posted in Gold News,Mining | Read More »

Gold price continues short term caution, peak of $1,350 could trigger new mining projects

Photo credit Christ Butterworth. Edited with TVScanline effect.

As alluded to yesterday, Janet Yellen’s semi-annual monetary policy report to Congress on Tuesday was cause for much anxiety in the gold markets, owing to anticipation over whether Yellen would confirm or deny the possibility of an interest rate hike in March. Since then, news from the testimony pointed towards the feared rate hike. CityAM […]

February 15th, 2017 | Posted in Gold News,Mining | Read More »

Gold price rises again amid European election fears

Photo credit: Nicolas Raymond. Edited with Downward red line graph from PNGmart. TVScanline effect used.

Investors are holding off in the eurozone as the hotly contested French election draws near. This is proving a boon for the gold price as the National Front leader Marine Le Pen, who is a vocal economic protectionist and eurosceptic, asserts a strong position in the race. Bullionvault reported that ‘gold prices rose to $1240 […]

February 9th, 2017 | Posted in Gold News,Mining | Read More »

Gold mining stocks up as long term outlook for gold price looks solidly bullish

Photo credit to Vilseskogen . Edited with TVScanline. URL: https://www.flickr.com/photos/vilseskogen/5077405810/in/photolist-4syTKu-gavHUT-8DCLsE-dCUDoX-7fWvEW-ngbMij-3F8gVd-6j2B9b-bnbUvw-8ffYgd-6iM7iY-52uoHp-nBKiSz-z6Gjh-5dnv7x-8Mt2vK-dWGT32-yGUgcG-5NaXd7-57mZKV-8wDVVT-aq7XLa-yXch7C-RwFG1d-8Wy1X2-8JF3ks-5SM9N7-o9WRjf-7HsyXE-9xcuCw-MpNDB-4dJLwP-9RdZnz-8L13Dg-8JF2Mu-duKkS3-ecC5eY-8PPonW-9vhm9B-e4p1cU-8JF2Ru-aknhgG-qsrtud-9Dzus3-bXqdHE-5ttuyZ-8JF2Y9-4eghyV-7m2T3V-4PZTCS

Mining stock indexes have risen as traders predict an upward trajectory for the gold price this year. Investor’s Business Daily reported that VanEck Vectors Junior Gold Miners (GDXJ) jumped 7.7% and VanEck Vectors Gold Miners (GDX) added 3.7% on Monday. EFT Trends reported that ‘Gold miners also jumped, with Market Vectors Gold Miners ETF (NYSEArca: […]

February 7th, 2017 | Posted in Gold News,Mining | Read More »

Gold price steady amid Bureau of Labour Statistics report, no Fed announcement expected in short term

Photo Credit: 'edenpictures' adapted w/TVScanline effect https://www.flickr.com/photos/edenpictures/5643574585/in/photolist-9AGN76-6gUHRn-6gYVQ3-6gULTr-5BiJdL-dUu1JV-drYSs1-p9N2EF-7ZfFN2-65QV85-5tKF2t-2VYXQn-drYS1Y-5XXbYS-drYSgh-ojCVTA-drYRPh-33ztBT-r9dvCr-drYSdQ-drYRUS-drYHok-drYHux-drYHfz-drYRWC-drYSnN-drYShw-87ye5v-drYHU2-drYRMA-drYS9q-8X6ZA9-drYRZb-drYHxK-drYS4E-drYSjq-drYS8w-drYRYf-drYHiF-drYHRx-ftHaFg-hvXe6b-drYSws-3yzuPQ-drYSqN-65QV7f-drYSf5-drYS2S-drYHQH-qhpoSb

The Bureau of Labour Statistics (BLS) released its monthly report last Friday, with the ‘US economy creating 227,000 new jobs in January, as jobless rate rises to 4.8%’, according to the Guardian. Whilst this suggests that the US economy is ticking over, the mixed results don’t suggest anything like a short term inflationary surge, nor […]

February 6th, 2017 | Posted in Gold News,Mining | Read More »

100 jobs to go at New Zealand’s biggest gold mine as the price of gold remains BELOW the cost of production

As we pointed out a couple of days ago, the gold price has now been below the cost of digging it out of the ground for nearly a month. And when it did get back above the $1250 cost of production level back in December, it was only briefly – so in reality gold has […]

January 9th, 2014 | Posted in Mining | Read More »

Gold output increases by 12% from a year earlier in Australia

Despite the gold price getting hammered in 2013, it appears this hasn’t dented Australia’s gold mining production as it puts in an increase both on the quarter and year-on-year. And it shouldn’t be forgotten, Australia is the second biggest gold miner on the planet, after (of course) the Chinese. From the Sydney Morning Herald: Gold […]

December 2nd, 2013 | Posted in Mining | Read More »

Small cap gold companies shine in the UK as investors flock to the miners

The Telegraph is out this week with and interesting piece about where UK investors are putting their money – as it turns out its the gold space. From the report: Britain’s smallest listed gold companies have been one of the most popular areas of the Aim market since the rules were relaxed last month, according […]

September 4th, 2013 | Posted in Mining | Read More »

Largest gold miner in Australia reports $5.77bn loss

Regular reader will know that since the gold price decline at the start of the year, the gold miners are starting to really feel the pain – with Australian gold production tipped to fall by 20% next year. It’s worth remembering that Australia is the second biggest gold producing country on the planet. (click for […]

August 13th, 2013 | Posted in Mining | Read More »

Gold Investor Report banner

Recently Commented

  • Ome Lawani: Very soon the silver fix mechanism is set to change. What do you think will be the impact on the silver...
  • jack loach: Sods —– Law. May —- 2014. For almost two decades we have strived to get justice for the...
  • Steven Allen: Cost increases are probably down to factors such as: bigger festival keeping pace in probably a less...
  • jack loach: Sods —– Law. April —- 2014. For almost two decades we have strived to get justice for...
  • jack loach: Update — March. 2014. Pictet & Cie Bank —- List of Crimes. 1996 —–...