In the time since the precious metal prices began to fall from their highs in 2011 and 2012, the gold mining sector has struggled to recover.
Because of its many unique roles and properties, no one factor determines the price of gold. The calculus is more complex than that. However, if there’s one thing that’s an inescapable part of the gold price equation, it’s the dynamic between supply and demand.
You may not have realized it, but there are actually tiny amounts of gold in every single one of our electronics. Gold is the only element with the necessary properties (high conductivity and high malleability) that make it an efficient component of microchips. In fact, gold is the most malleable and ductile metal found on […]
There is a great deal to look forward to with the use of precious metals in several of the fastest-growing areas of the economy. Silver features prominently not just in the biotech industry and other traditional industrial settings, but is also now an indispensable component of solar panels and mobile devices. The sister precious metal […]
It’s not uncommon for companies operating in the U.S. to complain to complain about burdensome regulations, taxes, and the general “red tape” that gets in the way of running a profitable enterprise. However, the situation can be far more perilous for multinational firms whose business relies upon exports from a foreign country.
As technology improves, resources become more scarce, and market dynamics change, the gold mining industry will continue to undergo minor transformations that reflect an evolving business model for major miners. In the Canadian province of Nova Scotia, this means thinking of creative solutions to get the most out of a historically gold-rich region.
Platinum is grouped together with gold and silver, as well as its cousin palladium, under the umbrella of “precious metals.” However true, this somewhat obscures the fact that platinum is an increasingly useful industrial metal. As it transitions from being primarily used as an exotic precious metal investment into a key component in the automobile […]
What were the leading gold mines, in terms of annual output, during 2016? This question was recently answered by The Motley Fool, and what’s fascinating about the list is understanding which big gold miners or state governments operate each of these projects.
Supply and demand are the essence of any market, and the precious metals are not excepted from this fact. This principle is particularly true of silver, however. More so than even gold, which has tremendous existing stockpiles that are frequently remelted (and endlessly loaned out), the price of silver is sensitive to disruptions in the mining industry.
Things are booming once again in the Yukon. From 1897-1900, the Yukon Territory was the site of one of the most famous gold rushes in history. One hundred and twenty years later, rich strikes by junior gold mining companies in the Yukon have revealed that some of the largest gold deposits in the world. This […]
Most of our history books in the U.S. explain the colonization of North America primarily through the prism of religious freedom. There are good, compelling reasons why: The motivation to establish a society with protections of religious tolerance no doubt informs the country’s long-standing doctrines of pluralism and separation of Church & State. While it’s also true […]
According to the US Geological Survey (USGS), global silver production totaled 26,800 metric tons in 2016. Fully 80% of the world’s silver was produced by only nine countries: Mexico, Peru, China, Chile, Australia, Poland, Russia, Bolivia, and the United States.
From the time that gold prices dropped following the U.S. elections to their recent lows under $1,200/oz, gold mining companies saw a promising year end on a sour note in 2016. Many of the industry’s biggest players have staged major turnarounds to start this year, however.
Canadian junior gold miner Klondex has transformed itself into a leader in narrow vein gold mining over the last five years. The company’s specialty is now buying failed mines from creditors, then returning them to profitability using that narrow vein expertise. This focus has seen the company rise from the bottom of the junior mining […]
For the most part, the world’s most valuable gold deposits have all been tapped already. They are currently being exploited, or development on a new project has already begun. Yet one of the planet’s traditional sources for gold mining, Egypt, has largely deterred large-scale gold mining due to burdensome government policies. Now, however, the Egyptian […]
Have sprawling precious metals conglomerates become too unwieldy and inefficient to provide stakeholders with the best value possible? Former McEwan Mining president Ian Ball thinks so. He advocates a “back to the future” approach to precious metals mining that boils down to a single phrase: “One company, one mine”.
Just like other commodities and natural resources, the amount of gold that can be mined out of the ground each year is finite. Advancement in technology over the long stretch of human history has allowed us to dramatically increase how much of the precious metal we extract. However, there are signs that society may finally […]
Metallon Corp. is the largest gold miner in Zimbabwe. It operates the Redwing mine in the city of Mutare, which finally came back online last November after sitting idle for the previous eight years. The firm recently approved a noble initiative as Redwing boosts its output: allocating mining claims to small, artisanal miners in the […]
One of South Africa’s leading precious metal miners, Sibanye Gold (SBGL), is setting its sights on the U.S. with its latest corporate acquisition.
As 2016 nears the end of the year, it’s a good opportunity to review some of the recent headlines in the precious metals mining sector.