The world’s gold and silver coin production vs. money creation

The Nevada-based company posted a second-quarter loss of $15.6 million, or 5 cents per share, compared to a profit of $33.5 million, or 11 cents per share, in the year-ago period.

The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.

Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey.

Golden Triangle.

Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.