The gold industry in 2019 McKinsey
However, after a period of impairments, write-downs, and value destruction following the MA frenzy of the last gold price boom, shareholders in search of improved returns and greater management accountability are unlikely to support significant MA programs which have been the traditional mainstay of production growth and gold
More
Barrick Sees Up to $3 Billion in Impairments on Lower Gold ...
22/01/2016 The asset impairments are primarily related to the stalled Pascua-Lama project on the Chile-Argentina border and the Pueblo Viejo mine in the
More
IFRS and the mining industry - IAS Plus
The impairment guidance in IAS 36 Impairment of Assets applies to Property, Plant and Equipment (PPE), goodwill and intangibles and involves significant estimation complexities for mining companies. It also applies to joint venture interests and equity accounted investments. IAS 36 sets out significantly different guidance on identifying an asset that may be impaired and the measurement of ...
More
Understanding COVID-19’s impact on the mining metals sector
Understanding COVID-19’s impact on the mining metals sector Guidance for mining metals executives. The COVID-19 pandemic has affected the commodity markets in a variety of ways. Company operations have been affected through isolated outbreaks and government mandated shutdowns and the demand for many commodities remain low with a lower near-term demand on the horizon. This article ...
More
Major impairment in the gold mining sector
major impairment in the gold mining sector. major impairment in the gold mining sector DATA AND SOURCES Welcome to the Mining Association, major impairment in the gold mining sector,FACTS FIGURES 2014 1 The Mining Association of Canada (MAC) is the national organization of the Canadian mining industry We represent companies involved in mineral exploration, mining.
More
The gold industry in 2019 McKinsey
The gold industry today finds itself at an inflection point between the recent era of cost-out initiatives and balance sheet deleveraging, and an increasing need to focus on growth and the replenishment of depleting gold reserves. However, after a period of impairments, write-downs, and value destruction following the MA frenzy of the last gold
More
Barrick Sees Up to $3 Billion in Impairments on Lower Gold ...
21/01/2016 Barrick Gold Corp., the world’s largest producer of the metal, said it may book as much as $3 billion in impairment charges as a prolonged gold slump forces it
More
Understanding COVID-19’s impact on the mining metals sector
Understanding COVID-19’s impact on the mining metals sector Guidance for mining metals executives. The COVID-19 pandemic has affected the commodity markets in a variety of ways. Company operations have been affected through isolated outbreaks and government mandated shutdowns and the demand for many commodities remain low with a lower near-term demand
More
Major impairment in the gold mining sector
major impairment in the gold mining sector. major impairment in the gold mining sector DATA AND SOURCES Welcome to the Mining Association, major impairment in the gold mining sector,FACTS FIGURES 2014 1 The Mining Association of Canada (MAC) is the national organization of the Canadian mining industry We represent companies involved in mineral exploration, mining.
More
Barrick Reports $405 Million Impairment ... - Mining News
24/10/2018 The company said the decline is primarily the result of lower gold and copper prices, increased direct mining costs due to higher fuel consumption and prices, and planned maintenance at Pueblo Viejo. The average realized gold price fell to $1,216 an ounce from $1,274 in the year-ago period, while copper prices fell to $2.76 a pound from $3.05, a decline
More
Gold miners’ Q3 2020 fundamentals - MINING.COM
13/11/2020 Production is the lifeblood of the gold-mining industry, and these major gold miners enjoyed solid output growth last quarter. The 8.3m ounces they collectively produced in Q3’20 actually ...
More
$85 billion in write-offs may fuel small gold mining ...
14/07/2015 But gold mining also saw its share of losses among the major gold miners, including Goldcorp, Barrick Gold and Kinross. The Financial Post reports on one example2: Cerro Negro was a [big] problem ...
More
Seven trends that will shape the future of mining and ...
18/01/2021 Data transparency to aid the mining industry’s relations with stakeholders. Collecting and processing massive amounts of data will be essential for mining companies as they digitalize and automate their operations. What data should be shared and made transparent will continue to be a major area of debate. Governments will seek to further push for
More
Gold Miners’ Q4’19 Fundamentals
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $11.2b this week were a staggering 31.4x larger than the next-biggest 1x-long major-gold-miners ETF!
More
Gold Miners’ Q1’20 Fundamentals
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $14.2b this week were a staggering 32.9x larger than the next-biggest 1x-long major-gold-miners ETF!
More
The gold industry in 2019 McKinsey
The gold industry today finds itself at an inflection point between the recent era of cost-out initiatives and balance sheet deleveraging, and an increasing need to focus on growth and the replenishment of depleting gold reserves. However, after a period of impairments, write-downs, and value destruction following the MA frenzy of the last gold
More
Gold Production Decline Imminent – Silver Doctors
01/09/2013 Gold’s much-lower prices are also forcing the miners to take huge write-downs and impairment charges (some projects are no longer economically viable, and others must be re-valued to the market). In the second quarter alone major miners Barrick Gold, Newmont Mining, AngloGold Ashanti, Goldcorp, Newcrest Mining, and Kinross Gold announced over $23 billion
More
Barrick Reports $405 Million Impairment ... - Mining News
24/10/2018 The company said the decline is primarily the result of lower gold and copper prices, increased direct mining costs due to higher fuel consumption and prices, and planned maintenance at Pueblo Viejo. The average realized gold price fell to $1,216 an ounce from $1,274 in the year-ago period, while copper prices fell to $2.76 a pound from $3.05, a decline
More
Mining health and safety: 7 common risks to protect ...
06/03/2020 The mining industry has a reputation for being a risky business, with health risks that are varied and often quite serious, and it is important for miners to protect themselves accordingly.. Nevertheless, mining doesn’t have to be unsafe. With the introduction of strict safety legislation and protocol, as well as advances in safety equipment, the industry has seen its
More
A New Standard in Gold Mining - The Daily Reckoning
28/04/2017 A New Standard in Gold Mining. Big news just broke in the gold sector. The story originated from industry bellwether Goldcorp.It involves a
More
Santos warns of bigger impairment - miningweekly
PERTH (miningweekly) – Oil and gas major Santos has warned of further impairments of some $139-million for its 2020 financial results, in addition to the $756-million of
More
Gold Miners’ Q4’18 Fundamentals Gold Eagle
15/03/2019 Gold-mining profits really leverage higher gold prices, and big earnings growth attracts in investors to bid up stock prices. In Q4’18 gold averaged about $1228 per ounce. At the GDX top 34’s average AISC of $889, that implies the major gold miners as an industry were earning profits of $339 per ounce.
More
Gold Miners’ Q4’19 Fundamentals
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $11.2b this week were a staggering 31.4x larger than the next-biggest 1x-long major-gold-miners ETF!
More
Mining - Fair Links
Major North American mining company v. East African State Advisor to the company in the context of major cost overruns incurred; Valuation of a gold mining project in East Africa Working for the licence holders in the context of a fund raising operation; Valuation of a diamond mining project in Central Africa Working for the shareholders in the context of a capital increase; European mining ...
More
Gold Miners’ Q1’20 Fundamentals
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $14.2b this week were a staggering 32.9x larger than the next-biggest 1x-long major-gold-miners ETF!
More
Mining companies suffer $70bn in impairment losses – report
JOHANNESBURG (miningweekly) – A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion
More
Gold Mining Boom Increasing Mercury Pollution Risk ...
06/01/2011 The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold mining is Colombia’s fastest growing industry, with 200,000 small-scale miners ...
More
The Mercury Problem in Artisanal and Small‐Scale Gold Mining
Cyanide is also faster and more effective at extracting gold than mercury amalgamation, as demonstrated on ore samples from several ASGM regions. 23 Alternative, non‐toxic lixiviants that are as high‐yielding and selective as cyanide in gold extraction would be beneficial to the ASGM sector. 55 While thiourea, thiocyanate, thiosulfate, chlorine, bromine and iodine have been
More
Five common challenges facing the mining industry Aggreko
As a result, mining companies are focussed on improving efficiency and reducing cost more than ever. 5. Environmental footprint. Traditionally a carbon intensive industry, miners are now looking at ways to reduce their environmental impact more than ever. One of the major ways it can do so, is by evaluating their energy usage. Remote locations ...
More
A New Standard in Gold Mining - The Daily Reckoning
28/04/2017 A New Standard in Gold Mining. Big news just broke in the gold sector. The story originated from industry bellwether Goldcorp.It involves a
More
Santos warns of bigger impairment - miningweekly
PERTH (miningweekly) – Oil and gas major Santos has warned of further impairments of some $139-million for its 2020 financial results, in addition to the $756-million of
More
Mining - Statistics Facts Statista
09/10/2020 The mining and metals sector has been very vibrant in terms of mergers and acquisitions over the last few years. In 2010, a record high of 1,123 deals worldwide were reported, a number which stood ...
More
Gold Mining Investment Outlook 2019: US$3.9B Increase In ...
Gold exploration budgets have increased for the past two years, with the major gold producers accounting for just over half of the global gold exploration budget for the third consecutive year. Despite the recent budget increases, reserves among the top 30 listed majors have declined at a rate of 1.5% year over year since 2014. With production in 2019 expected to deplete 6% of
More
The launch of the gold mining industry in Ukraine: an ...
20/01/2021 Major mining and other companies are watching what Avellana Gold are doing in order to understand the risks the company is facing and how it is working through difficult situations. It is in a good time in the mining cycle, prices are up. Gold is historically a safe haven investment prone to acting positively in times of uncertainty and market volatility. Metal prices
More
Gold Miners’ Q1’20 Fundamentals
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $14.2b this week were a staggering 32.9x larger than the next-biggest 1x-long major-gold-miners ETF!
More
