Gold exploration trends: drilling declines, advanced projects a priority

For some time now, the Government of the United States has been effectively checking through their couch for loose change. Anything helps, even if the debt owed is a staggering $17 trillion.

It's just that easy.

Indisputable.

Strike action closes Guelb Moghrein copper-gold mine which accounts for 10% of Vancouver company's copper output and a quarter of its gold production.

Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.

President and CEO Steve Letwin of IamGold told the Denver Gold Forum that he is confident the company can sell its Niobec mine in Quebec within the next six to 12 months for about $500 million after taxes.

Goldcorp has been so growth oriented over the past decade, building new mines across the Americas and snapping up gold assets left and right, it’s easy to forget sometimes just how productive its Ontario gold mines are.

In a recent call with Eric Sprott, founder of Sprott Inc., he said he was still buying physical gold -and planned to keep buying it for as long as he could.

Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.