Ecuador mineral exports could fall by some 20% this year, says official
Mining exports were worth $3.3 billion for Ecuador in 2023.
The story is well known and lamentable: gold stocks have been decimated in 2013, even more so than the sinking price of bullion.
Here’s a look at the share prices – halfway through 2013 – of gold’s big five, measured by 2012 production.
Barrick Gold (in blue)
2012 production: 7.42 Moz
2013 stock value change to date: -53.89%
Newmont Mining (in red)
2012 production: 4.98 Moz
2013 stock value change to date: -38.99%
AngloGold Ashanti (in purple)
2012 production: 4.16 Moz
2013 stock value change to date: -57.89%
Gold Fields (in yellow)
2012 production: 3.3 Moz
2013 stock value change to date: -58.00%
Kinross Gold (in green)
2012 production: 2.62Moz
2013 stock value change to date: -47.70%
Click on image to enlarge
(Google Finance)
