Nordgold encouraged by drill results from Nunavut project

For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.

The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.

"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."

The notion that safe deposit boxes – facilities that are used by many precious metals investors and others seeking to safeguard their wealth and valuables – need to come under capital controls to protect against bank runs is a dubious one.

Futures data show hedge funds cutting net bullish positions to below 1 million ounces for the first time in 9 years while going short a record 306 tonnes of gold.

Production hasn't been affected so far, but some companies such as Cameco and Areva Resources had to suspend shipments.

The miner increased production by 32.8% to 35,938 ounces between January and June at its flagship Gedabek mine.

In this interview with The Gold Report, market veteran and Exploration Insights author Brent Cook shares his travel stories and the companies he thinks will shine when the sun returns to commodity prices.

The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.