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.
Strange things do indeed occur. Here we were in western Nevada’s Walker Lake District, normally one of the driest areas for mining operations in America, and we couldn’t access a sizeable portion of Gryphon Gold’s project areas due to...
All of this made me have to conclude that those dummies just didn’t know what they were doing. It was a couple of years later before the solution for this puzzle became clear to me.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
Residents who worked in uranium mines before 1972 may be eligible for compensation through a federal program.
News during the past month seemed to focus directly on economic and political events close to home in the good old USA. As talk of recession—or worse—mounted, and as one stock market segment after another weakened sharply, the economic and political leaders of the nation sprang into decisive action.
Prospectors east of the Mississippi have their share of gold bearing property to explore and prospect upon. There’s plenty of undiscovered gold on the bottoms of the creeks and rivers running through the eastern gold belt.
One prime example is an area that I have talked about in many of my articles. This is a very large area and I will actually describe its location again.
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