Kevin Crowley (Bloomberg) – Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg…
Not only is Australia exporting a great deal of iron ore, base metals and energy resources to China, it’s also shipping a lot of gold to meet the country’s insatiable demand. How much gold?? Turns out to be one heck of a lot. Just a few years ago, China received…
With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. We can thank the Fed and Bullion Banks for rigging the paper silver price well below the…
SRSrocco: Americans continue to funnel a percentage of their income into the biggest Financial Ponzi Scheme in history. The manipulation of the metals on the exchanges is a very small part of controlling Americans into staying into this system. Because, as you know, a Ponzi System continues to need further…
The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver. First Majestic suspended sales of 35% of its Q3 silver production. This was a significant amount as it was nearly 1 million…
The Primary Silver Mining Industry continues to suffer from manipulated low metal prices. Although, the prices of the precious metals finally turned around and are trading higher today as the broader markets get hammered — a welcome change. According to company results, the top 12 primary silver miners (in my…