Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices
The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.
The BBC has a beautiful 10 image gallery about the Centerra’s Kumtor gold mine in Kyrgyzstan and the mounting political pressure to nationalize the mine.
As gold continues to rise Zero Hedge wonders if nationalization will be a self-perpetuating cycle.
“The paradox is that the fewer actual global miners in operation, the better for the price of the actual hard commodity, as less supply means lower price, means greater probability of more miners suffering the same fate, means even higher gold price and so on.”
