Gold is taking on $1,700 amid rising coronavirus fears
Price of gold has already risen about 11 percent this year.
Price of gold has already risen about 11 percent this year.
The case breaks down into two parts: a state’s right to impose environmental laws versus constitutional rights to access commerce.
The decision caused Coeur to book a $251 million impairment charge on the Canadian asset.
The warning came as Teck reported a 76% fall in fourth-quarter adjusted profit.
As investors, the best way to protect ourselves against a global calamity is to own gold.
The iron ore giant was aware of the facility’s fragile condition from 2003.
Both miners beat estimates for quarterly profit on Thursday as industry consolidation began to bear fruit for long-suffering shareholders.
Company reported a $1.56 billion net loss in the fourth quarter.
Not since at least the early 2000s, when De Beers gave up its global monopoly on diamonds, has the company earned so little money.
Albemarle produces lithium in Chile and Australia and sends it to China for final processing.