The 16 Psyche and other asteroids will probably be mined for their metals. But once they start hitting the market in large quantities, they’re unlikely to be precious for much longer.
Gold’s incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners’ stocks.
The Chapada mine, in the northwest state of Goiás, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.
Barrick's proposal to take full control of its African unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders.