Even coin collectors have given up on gold

The miner said the deal and other 2024 sales will raise $3.6 billion.

The mine’s four-week trailing average production reached almost 1,900 ounces, below the 2,000 to 2,500 ounces range Hummingbird expected.

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Speculators have reduced net-long positions by 3.6%.