Peru should be high on the list of mining investors, but confidence has been shaken over the last few years when the government revoked some high-profile mining licenses. In this interview, we detail the state of mining exploration in Peru and discuss companies actively exploring, including one that just received its long-awaited environmental approval.
Don't ask Louis James if the gold price has reached bottom. He doesn't care. The senior editor with Casey Research is too busy trying to ferret out those gold miners with a bird in the hand, as he calls.
Jordan Roy-Byrne was able to achieve some marked success in last year's choppy market by buying growth-oriented producers. After the broader market tops out, he is watching for the same stocks to outperform again.
If asked to name the top performing commodity of the past decade, not many would answer silver because of its notorious volatility. Yet, according to Lloyds TSB, silver prices have delivered the best gains since 2002.
Spot gold fell to lows near $1,587 and then opened at $1,596, down $7 while silver touched $27.25 per ounce overnight but opened at $27.52. Once again, the US dollar added a few small steps to yesterday’s upward march and reached 82.85 on the index.
Precious metals markets started the new week with a bit of a mixed picture last night in overseas trading. Spot dealings showed gold falling $2.40 to $1,640.00 and silver down a dime to $31.60 per ounce. Platinum and palladium each advanced $1.
The government at Lima and the management of Newmont Mining have agreed to suspend construction work at the site following violent protests. Newmont Mining had intended to extract mostly gold and copper in the region of Cajamarca.
Copper slightly disappointed investors, ending the first half of the year with a decline of 3.50%. Worries about global inflation and, more specifically, the potential slowing of China's economy weighed on copper's price.