Newmont’s new CEO plans to dispense more discipline than cash

Customs data shows the world's second largest gold miner Russia exported 58 tonnes to be refined in Switzerland last year, but got less than 3 tonnes back.

Building the mine would require about 1,000 people. It would then employ 750 once running.

The mining industry employed more than 380,000 people in 2013, accounting for one in every 47 jobs in Canada.

In essence, we have to create things from scratch.

"The investigation primarily focuses on offences in respect to the Environmental Management Act and the federal Fisheries Act, but it's not limited to those acts."

Bank of America/Merrill Lynch report says gold has decoupled from 100-year link with oil and is now being driven by interest rates and currencies.

"It will definitely put a lot of marginal producers out of business."

Dr Doom explains why the predictions of "Austrian economists, radical monetarists, gold bugs, and Bitcoin fanatics" have been so "spectacularly wrong".

Embarrassment and financial harm.