High grade gold discovery at King Brown – Southern Cross

Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.

Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.

The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.

Thanks to record gold prices, major miners achieved record revenues, record bottom-line earnings, and record operating cash flows.