A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte started working for the Investing News Network in the spring of 2012 and now specializes in writing about diamonds, precious metals, base metals and graphite. She received her Certificate in Editing in 2013.
Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.
Bloomberg reported that India plans to allow citizens to earn interest by depositing gold in banks. The move is reportedly aimed at reducing the country’s imports by “tapping idle bullion lying with households.”
Peter Schiff, president and CEO of investment firm Euro Pacific Capital, recently predicted that the gold price will reach $5,000 per ounce. That’s hundreds of dollars away from its 2011 high point of about $1,900. Let us know if you agree in this survey.
The World Gold Council released its latest Gold Demand Trends report on Thursday. It shows that during the first quarter of 2015 total demand for the metal came to 1,079 tonnes. That’s down just 1 percent, or 11 tonnes, from the year-ago period.
Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) released the results of a Phase 2 expansion prefeasibility study. It combines the Phase 1 Obotan project, which is currently under construction, with the Esaase project into Phase 2 of the Ghana-based Asanko gold mine.
Kootenay Silver Inc. (TSXV:KTN) announced that it’s entered an option agreement via its Mexican subsidiary. The agreement is with a subsidiary of AuRico Gold Inc. (TSX:AUQ), and it will allow the AuRico subsidiary to earn up to a 100-percent interest in Kootenay’s Mexico-based San Diego property.