Crypto’s rapid rise means investors need gold, top miner says
The rise of cryptocurrencies, including red-hot Bitcoin, just handed one of the world’s leading gold miners one more reason to urge investors to buy the age-old haven that is bullion.
GraniteShares Gold Trust founder, Will Rhind, is in the midst of a fee war with his former employer and other ETFs that’s helped boost his fund’s value to $458 million, from less than $12 million a year earlier.
The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.
The country's largest gold producer reported a 20% jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.
Shares in the gold miner are up more than 50% since September when Barrick said it was buying Randgold Resources and when Mark Bristow was named as chief executive, taking over as head of the merged entity from January.
SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador.