Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
The story is well known and lamentable: gold stocks have been decimated in 2013, even more so than the sinking price of bullion.
Here’s a look at the share prices – halfway through 2013 – of gold’s big five, measured by 2012 production.
Barrick Gold (in blue)
2012 production: 7.42 Moz
2013 stock value change to date: -53.89%
Newmont Mining (in red)
2012 production: 4.98 Moz
2013 stock value change to date: -38.99%
AngloGold Ashanti (in purple)
2012 production: 4.16 Moz
2013 stock value change to date: -57.89%
Gold Fields (in yellow)
2012 production: 3.3 Moz
2013 stock value change to date: -58.00%
Kinross Gold (in green)
2012 production: 2.62Moz
2013 stock value change to date: -47.70%
Click on image to enlarge
(Google Finance)
