Goldman warns that peak gold may happen in 2015
New report says there are only “20 years of known mineable reserves of gold”
Discoveries of new sources of gold production peaked in 1995 despite major bull market
Production lags new finds in 20 year cycle – Indicates 2015 may be year of peak gold production
Production in major gold mining countries has dropped in recent years
This will provide support and should lead to higher prices in long term
Now they're saying the tepid growth we've seen in the 1st Q was just a transient anomaly.
Great, now I can sleep better.
Didn't you hear?? Jobless claims at 15yr lows. Pretty soon, every citizen will have a part time job.......... hell, maybe 2 part jobs. Why own gold, when we're living the American dream.
I voted "for" the auditors. Everything else...............Big thumbs down.
Get the s/p to at least book value; then I may vote differently, next time. ;^)
"Iamgold Corp. (IAG, 2.05) owns gold mines in sketchy locales like Burkina Faso. Like Unit, this Heartland holding is a value play and a bet on the eventual recovery of commodities. It’s riskier than SPDR Gold Shares (GLD), but a whole lot cheaper: Iamgold’s book value is three times the share price.
It takes a certain resolve to put stocks like these in your account. You have to sit still while the bulls stampede on, leaving you in the dust. But when the crash comes—next week, maybe—you’ll be less likely to panic and sell."
First I've heard of Timmins; but peaking at their financials; they also seem like a good value play. I'll definitely keep my "eye" on them.
Triggering stock buybacks when we hit less than $2 would put a floor on the s/p.
But, yes; paying down the debt should be a no-brainer, even for the brainless Letwinbag.
Both IAMGOLD and Lake Share have assets proximate to Probe Mines’ Borden Lake Deposit. It was this multimillion ounce deposit behind Goldcorp’s recent acquisition of Probe last week for $526M. This is mining country.
Since Lake Shore and IAMGOLD operate in relative closeness in the same jurisdiction, an acquisition could eliminate some corporate duplications of cost, to the benefit of shareholders. This fact alone could drive a deal.
What might seal this deal could be IAMGOLD’s Cote Gold deposit near Gogama, only 130 km southwest of Timmins. This puts Cote Gold less than 100 km south of Lake Shore’s mill.
The updated mineral resource estimate from October, 2012 estimated Cote Gold’s open pit mining operations to occur at about 60,000 tonnes per day of ore production. (The entire report should be read.)
If IAMGOLD were to buy Lake Shore, it could use Lake Shore’s mill to process the Cote Gold ore. Highway 144 would provide reliable access for a steady stream of trucks rolling on down the highway. In this era of squeezing every dollar until the ink runs, filling and owning a functioning mill could accrue significant financial benefits to the IAMGOLD / Lake Shore shareholders. The lower cost of petroleum products adds to the attractiveness of trucking the ore.
This would have to be a friendly takeover. Things could get very ugly very quickly if it were anything other than a negotiated marriage.
Likelihood of accuracy: 7.5 out of 10, but I’m ready to move this to a 9 with any further rumblings.
I've been hearing a lot of positives on Rangold ("GOLD"); even been noted they're the best of breed. It appears that they have great fundamentals, other than that; I couldn't tell you much.
All their hedges in place appear to have stabilized their AISCs. Its all about the POG, now. If a weaker dollar were to push the POG towards $1400, you really think IAG will still trade in the low 2s???