Gold Miners Hedge Again in Q2, FY Net Hedging Seen
Reuters reported that gold miners reported net hedging for the second quarter in a row, for the first time in a decade.
Reuters reported that gold miners reported net hedging for the second quarter in a row, for the first time in a decade.
This week mid-tier gold miner AuRico Gold Inc. announced a $1.46-billion deal to buy Northgate Minerals Corp. eliminating a prior merger offer from Primero Mining Corp.
Forbes reported that gold miners are becoming more active in mergers and acquisitions.
Gold mining companies have had more in common with struggling S&P 500 than with the safe haven metal, though this may change in the near future.
Bloomberg reported that South Africa's gold miners have made what they say is a final offer to striking mine workers.
The first step in developing a gold mine is selecting an area for prospecting. While this may seem boring and irrelevant to an investor looking into gold miners, this preliminary phase is the very foundation of a successful mining venture.
Warren Buffett, the world famous investor and Chairman of Berkshire Hathaway noted that “Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”
Epithermal gold deposits are a type of lode deposit that contain economic concentrations of gold, silver and in some cases base metals including copper, lead and zinc.
Greenstone belts host economical deposits of many minerals including gold, silver, copper and zinc. Gold is found in Achaean age greenstone belts in Australia, southern Africa and Canada.
Gold futures wavered between gains and losses Monday, struggling to break a four-day losing streak.
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