CHART: $1,200 gold price the new normal?
A decline towards the $1,100 mark turns 60% of the industry into loss makers on an all-in basis.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
German central bank: We’re still taking back our bullion
Bundesbank confirms Germany's gold repatriation plan is still in place, but can't say if more than 2013's five measly tonnes were brought back from the US.
Renewed flight from gold ETFs
Heavy holiday selling drops holdings to lowest in more than six years.
Gold price makes stab at $1,200
Stronger dollar, record setting equities and a fresh decline in oil, can't hold back holiday gold bulls.
Cliffs’ Bloom Lake hit with record environmental fine
The $7.5m fine was imposed following the Triangle Tailings Pond dam breach in May 2011 and other environmental missteps over a period of 18 months.
Iron ore price plummets on Chinese black swan talk
Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.
Australia cuts iron price forecast 33% on ‘structural change’
The severity of the slide in iron ore prices appears to have caught even the top exporting country's Department of Industry by surprise.
Dollar, oil wallop gold price
Gold price weakens sharply into holiday season as gold-oil ratio hits highest since February 2009.
Murenbeeld: Gold price to climb in 2015
Closely followed market commentator Martin Murenbeeld – chief economist at Dundee Capital Markets – feels gold market is "finally turning".
Oyu Tolgoi 2015 production forecast cut
Vancouver's Turquoise Hill lowers output estimates for Mongolian mine to 600,000oz–700,000oz of gold and 175,000t–195,000t of copper in concentrates.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
