Gold Miners Hunker Down Amid Financial Storm
December 2008 by Sandy Shore“Our company and our industry are currently operating in an unprecedented macro business environment, consisting of extreme commodity price volatility, mass portfolio liquidation, global inflation and limited, if any, access to capital,” Newmont Chief Executive Officer Richard O’Brien said.
When you think of gold mining, you probably don’t consider Alabama to be the place to find your treasure. However, in the early 1800s, jobs were few, and the smell of gold drew men into the search. History records 13 districts in which mining was done at all stages—from pick and shovel, to an area like Hog Mountain.
The morning of Friday, May 7 gave us a new chapter in gold's ongoing struggles which might properly be named "As the headlines turn!"
Anyone looking for stability sure didn’t appreciate the financial markets of this past month as they fell, rose, fell and rose with dizzying swiftness, changing directions on the turn of a dime. This was as true of the gold share markets as it was of the financial markets in general.
Yet another term has entered the lexicon of investment analysis and that term is “Fallen Angels.” No, we are not referring to religious icons or celestial bodies. Rather, the investment community has dubbed the debt instruments of once-prosperous companies that have now fallen on hard times with that moniker.
The scenic “Hill Country,” in the heart of Texas, is a recreational area for several large cities, including San Antonio and Austin. Most of the region lies at elevations between 300 and 1,800 feet, and forms an island of igneous and metamorphic...
On August 29, 2003, the “Miners” (Waldo Mining District, along with Bob & Lesa Barton of Armadillo Mining Shop) filed Complaints in US District Court for the District of Oregon (Medford) against the United States Forest Service, Scott Conroy (in his official capacity as Forest Supervisor of the Siskiyou National Forest), and Secretary of Commerce Donald Evans.
The Bawl Mill • Mining Journal Contest • Bullion River's French Gulch Gold Mine • Montana Tunnels Gets Final OK • Reading A River: Finding The Paystreaks—Part I • Lluvia de Oro—A Shower of Gold Awaiting Development in the Sierra Madre—Part II • From Hand Sluice to Dredge • Melman on Gold & Silver (2008 Year in Review) • Chavez Eyes Venezuela’s Largest Gold Mine • Mining Stock Quotes and Mineral & Metal Prices