The gold mining industry literally devours energy to produce an ounce of gold. In the past decade, fuel consumption at the top gold miners more than doubled, but the actual energy cost grew at a much higher rate. The huge increase of diesel consumption at the top 5 gold miners…
It looks like at least one country is still taking advantage of the extremely low paper price of silver. From information just released, India continues to import a near record amount of silver in 2014. Even though silver imports slumped in June compared to last year, demand is still extremely…
With the results for 2013 finally in, the top gold miners average yield fell to the lowest level ever. This is a surprising development considering that the average price of gold dropped to a low of $1,411 in 2013. Normally when the price of gold falls, gold miners switch to…
In the first four months of the year, the U.S. exported more gold to Hong Kong than it produced from its domestic mining industry. Actually, gold shipments to Hong Kong were 29% higher than total mine supply from Jan-Apr. That’s a pretty big deal when we consider U.S. gold production…
With the recent move up in the prices of the precious metals, it looks like Big Money may be moving into the mining shares. In just the last few weeks many of the gold and silver stocks are up 20-40%. According to Gene Arensberg at GotGoldReport.com: In case one might…
In order to weather the manipulated low paper price of silver, the primary miners cut costs, reduced exploration and capital expenditures. Utilizing these cost cutting measures, the top primary silver miners as a group managed to pull off a small gain even though the average price of silver was only…