Top Gold Miners Production Declined 15% While Costs Escalate

Top Gold Miners Production Declined 15% While Costs Escalate

Even though the gold price increased in 2018, the top gold miners production declined while costs continue to escalate. Output at three of the top gold miners in the world fell in the first half of 2018 compared to the same period last year.  With rising costs due to higher energy prices, on top of decreasing production, the top gold miners free cash flow declined...
July 31, 2018 0 Comments
AngloGold Says There's No Escaping Demise of South African Gold

AngloGold Says There's No Escaping Demise of South African Gold

 South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho Pityana. That means the...
July 25, 2018 0 Comments
Gold and Silver Show Strong Historical Performance During the Summer Months

Gold and Silver Show Strong Historical Performance During the Summer Months

The summer is generally a good time to purchase precious metals. Gold and silver historically have outperformed when the weather is warm.  They have also outperformed other commodities specifically oil. If you are looking to add precious metals to your portfolio, look for dips in the price during the summer months, as they are likely to be short lived given...
July 18, 2018 0 Comments
Gold Demand is Set to Rebound in Q3

Gold Demand is Set to Rebound in Q3

The first quarter of 2018 saw gold demand dip to the lowest Q1 levels since 2008, during the height of the financial crisis. According to the World Gold Council, the drop-in demand was a function of the lack of investment into gold bars and coins, as well as, a decline in the demand for gold ETF due to the range-bound nature of the precious metals market. It appears...
July 13, 2018 0 Comments

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