Surging Gold Prices Burn a Few Unlucky Mining Firms
November 1999 by Associated PressThe extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
Mining is coming back to Leadville, at least in spirit.
If you are interested in researching mining claims for any purpose, you will first have to decipher the BLM’s LR2000, a Rube Goldberg database seemingly designed by a 1980s Soviet-era computer hacker.
The first Madero Revolution broke out in Mexico on November 20, 1910. On December 27, a revolutionary party exacted supplies, arms, and mules from the company until January 7, 1911, when the 7th Cavalry Regiment of the federal government destroyed three and a half tons of their dynamite near Baquiachi. On September 8, 1912, Batopilas was captured, a local garrison driven out, and the company forced to pay 10,000 pesos. Federal forces retook the town September 19.
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
Clearly, the single-most important reason for the latest decline in gold is the recently announced auctions by the British Central Bank. However, other news stories this past month also had negative implications for the yellow metal.
The specter of nuclear war temporarily raised its ugly head last month, which prompted many nations to recall their citizens from both India and Pakistan, and sent shock waves through both the financial and metals markets.
The Bawl Mill • USPS Delays ICMJ Delivery at Oakland, CA Processing Center • Another Gold Heist Reported at Nome • No Need to Rewrite Mining Regs, NAS Study Confirms • BLM Filing Requirements for Small Miners' Waiver • Asarco Accepts Phelps Dodge Buyout • Once Lonely, Mojave Desert Phone Now World's Companion • Judge Blocks Road Protest • Company to Sue Over Stymied Gold Mine • No Mining / Logging on 40 Million Acres • Catastrophism vs. Uniformitarianism • 1st Annual Placer County Open Gold Panning Championships—1999 • Picks & Pans: The Ten-Pennyweight Nugget • Mining in Sonora, Mexico • Pullin' the Pin • Land of Golden Dreams—California in the Gold Rush Decade • Cerro Colorado Silver, Arizona • Progressive Privy Program Proved Popular • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back