GO GOLD! Inflationary tariffs could supercharge the yellow metal
"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."
The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.
South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.
Nautilus Minerals shot up 8.5% in heavy volumes on Wednesday as investors anticipate a new direction for the embattled company following the departure of long-time CEO Stephen Rogers.
Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.