Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October.
About 100 coal miners are barricaded inside an underground mine in Sardinia, Italy, and have armed themselves with explosives to prevent the mine's closure.
Financial Times analysts are the latest ones singing the “supercycle is over” song, as the paper points today to recent profit reports from major miners, including Anglo American, BHP Billiton, Rio Tinto and Xstrata as the most recent evidence.
The Peruvian government has thrown in the towel on Newmont Mining's (NYSE:NEM) controversial Conga mine as the nation's prime minister announced Monday evening the $4.8 billion copper-gold project is now on the back burner.
Sprott says it's time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver.
Gold miners confront costs which are 'increasing exponentially' according to Silver Doctors, with some predicting that gold prices will need to rise to $3,000 within five years in order for companies to stay profitable.