"We have spent over $40 million on the smelter in the two years we have owned it and are aware of the challenges that continue to exist there," Chief Executive Jonathan Goodman said in a statement.
There has been a significant paradigm shift in public activism in Canada and a growing hostility toward mining and dogmatic opposition by environmentalists and social action groups toward virtually all mining and energy projects.
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.
‘When gold fundamentals no longer apply, review the fundamentals'. The physical gold market is seeing enormous changes and this will have to feed through in terms of hugely rising prices.
Labor shortages in the mining industry may constrain future gold output and have bullish implications for prices, said HSBC, a London based multinational bank, in a commodity research note.
While the precious metals sector has consolidated and struggled to find a bottom, an important development has taken place. First, let's harken back to 2007-2008.
