Australian mining companies have been hard hit by falling commodities prices and rising costs. In this interview, Andrew Richards says that costs are falling and China's need for Australian metals will continue to grow. He also names companies that are well positioned to flourish in the near future.
In an environment of rising capital expenses, gold producers big and small are left with little or no free cash flow. Instead of investing in exploration to maintain production, too many companies are cutting costs and high-grading their current resources.
The principal of Adrian Day Asset Management, which manages portfolios for high-net-worth clients, believes it is time for the gold pendulum to swing away from the excessive pessimism and finds that now is an exceptional time to buy gold equities.
Production stage, location and dividend possibilities separate top mining and royalty stocks from the rest of the heap. In this interview the Gold Stock Analyst newsletter writer reveals what diversifying your gold portfolio really means.
Gold and silver have taken a breather and are lower in all currencies today. A correction is well overdue but the technicals and fundamentals would suggest that any sell off may again be short and shallow.