28 November 2022Latest statistics for the September quarter, as released by Surbiton Associates, show that Australia's gold output in the September quarter fell back by 7 tonnes from the record June quarter level, but remains on track for another for another plus 310 tonne calendar year total keeping it comfortably among the world's top three gold producers,
21 November 2022The Chinese mainland remained the top recipient for re-refined high purity gold exports from the Swiss gold refineries in October which continued to see the yellow metal flowing from West to East. However volumes to India slipped while exports to Turkey remained at a high level. Article updated with country-by-country destination chart.
21 June 2022A listing of the world's top gold producing companies in 2021 shows some significant changes from a year earlier, partly due to Covid and partly due to mergers. acquisitions and divestments, which have continued into the current year. Higher gold prices have been making this a more profitable investment sector and dividends have been rising accordingly,
10 June 2022Specialist precious metals consultancy, Metals Focus, has produced its 100 page plus 2022 Gold Focus report covering all aspects of gold supply and demand worldwide. Here we focus on the world's top gold producing nations, plus comments on the consultancy's outlook for the yellow metal over the remainder of the year
31 May 2022Gold Fields has made an offer to acquire the whole of Yamana Gold in an all-share deal estimated to be worth US$6.7 billion The offer has been unanimously approved by the Yamana Board and if it concludes the combined company will form the fourth largest global gold miner with operations in North annd South America, West and South Africa and Australia and will produce over 90 tonnes of gold annually as well as a substantial amount of silver.
22 May 2022Russia continues to be totally reticent on whether or not it has been adding to its gold reserves despite intimating that it might resume such additions from April after a 2-year gap. We assume its reluctance to come up with new figures is war-related. Meanwhile there are rumours that Russia and China are considering launching a new gold and commodity backed reserve currency to challenge the U.S. dollar.
21 March 2022Australian gold output fell back a little in 2021, largely for Covid pandemic-related reasons, but had picked up again strongly by the year-end. According to Australian-based specialist gold consultancy, Surbiton Associates, Australia is the world's second largest gold producer after China and could be closing the gap further in the current year.
15 November 2021News last week of the proposed acquisition of Canada's Pretium Resources by Australian gold major, Newcrest Mining, is yet another example of gold majors maintaining, or increasing, their gold output levels through M&A. Pretium's Brucejack mine is one of the world's most productive and highest grade gold mines.
22 June 2021Another take-away from the latest Metals Focus Gold Focus 2021 report tabulates the world's top gold mining companies and mines and comments on the likely profitability of these mining companies at current, and higher, gold prices.
21 June 2021The latest Metals Focus Gold Focus 2021 annual analysis assesses country by country gold output in 2020 and its projections for the current year show that peak gold is still elusive, but remains on the near horizon.
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