Friday, August 1, 2014

Gold price drop causing miners to cut costs

Newmont Mining will build a mine in Suriname for as much as $1 billion as the largest U.S. gold producer continues efforts to reduce operating costs following the metal’s decline. 

The Merian project will produce 300,000 to 400,000 ounces a year and is expected to start up in late 2016, the Greenwood Village, Colorado-based company said yesterday in a statement. The mine’s forecast costs in the first five years are $750 to $850 an ounce, as much as 29 percent less than Newmont’s total average in the second quarter of this year. 

“At current gold prices, we estimate Merian investment could have a payback of less than four years,” Michael S. Dudas, an analyst at Sterne Agee & Leach Inc., said in a note yesterday. 

The approval marks the first for a gold project of its size since gold’s 28 percent plunge last year spurred producers to rein in spending, delay expansions and sell less profitable assets to shore up their balance sheets. Newmont has sold smaller assets in Nevada and Australia, as well as holdings in Canadian Oil Sands Ltd. and Paladin Energy Ltd.

Sunday, December 29, 2013

Malaysia Gold investing

In Malaysia, gold investment has been gaining more popularity in these days. It is generally known to be a safe haven during uncertainties and economic crises as it is considered more stable than other asset classes.

For many investor, investing in gold in Malaysia works as an asset diversification that could lower the overall risk in an investment portfolio and also a hedge against inflation and fluctuation in the US dollars.

Monday, December 16, 2013

Gold Price Action Could Remain Flat Through 2013

Gold prices could remain in a tight trading range through the rest of the year as market participants square away 2013 positions, ETF Securities' Mike McGlone tells TheStreet's Joe Deaux.

Sunday, December 15, 2013

The ONE ROAD to END Precious Metals CORRUPTION -- Jeff Nielson

Our friend Jeff Nieson from joins us to talk about, what how to END the endless corruption in the precious metals markets. We cover the Rothschild's ONE BANK, Bitcoin and everything in between. And Jeff says he thinks the Rothschilds will SMASH Bitcoin which has emerged as a rival to their fiat empire. How does Jeff know this? Because he says that's exactly what he would do if he was a Trillionaire Satanic Bankster.

As for physical precious metals which have suffered a brutal year, Jeff says, "The ONE BANK wants to keep people out of the precious metals sector at ALL COSTS and so it is doing literally everything in its power to discourage people from putting their money in gold and silver. So ask yourself this, if the Bankers want you to get your money out of gold and silver, more than anything else in the world, than isn't gold and silver exactly the place you want to be?"

Thursday, December 12, 2013

More private equity investment expected in mining

More private equity investment is on the horizon for the mining sector, according to Tony Zoghby of Deloitte South Africa mining industry leader (assurance).

In 2012 alone, eight mining funds raised private equity of $8.5-billion as mining majors wrote off asset value of $75-billion in impairments

Monday, December 9, 2013

Gold Headed Lower

Gold continues to slide and Greywolf's Chief Technician Mark Newton thinks it could fall further. Sorry, I could not read the content fromt this page.

Sunday, December 8, 2013

Gold Miners ~ A Golden Opportunity?

The price of gold has fallen sharply in recent years, while shares in gold miners have fallen even more. Frank Holmes, chief investment officer of US Global Investors, tells John Authers investors should take some profits from the S&P 500 and put them into gold stocks