Nächste Insolvenz in der Goldminenbranche: Produzent Allied Nevada

Der brutale Absturz eines einstigen Highflyers der Goldminenbranche endet in der Insolvenz:

Quelle: bigcharts.com

Allied Nevada Gold Files For Bankruptcy Protection

Submitted by Tyler Durden on 03/10/2015 13:54 -0400

• Creditors

Just as in the case of oil currently, the problem with gold (and countless other commodities) trading where it does, is that as we have shown repeatedly on previous occasions, it is at or below the marginal production cost of various gold producers.

And with miners losing money on every incremental ounce (or barrell) they pull out of the ground, there is only so much capital they can burn before they have not choice but to file for bankruptcy. Which is precisely what happened to Allied Nevada Gold, the operator of the gaming state’s Hycroft mine, which earlier today filed for bankruptcy in Delaware.

The company blamed its deteriorating financial condition on the drop in gold and silver prices in recent years, an overleveraged capital structure, delays in a key expansion project, and currency swap exposure.

Yes, this is that Allied Nevada whose stock price traded as high as $45 when gold hit its all time high of over $1,900 hours before the SNB imposed its first, and now failed, currency floor which translated into a market cap of just about $4.5 billion..

Link: http://www.zerohedge.com/news/2015-03-10/allied-nevada-gold-files-bankruptcy-protection

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

Der Link zum gesamten, lesenswerten Wochen-Report.

The Dig – Haywood Mining Team’s week in review

POSTED ON MARCH 13, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM,

Haywood’s Heritage Moment: Babylonian Customer Service, C. 1750 BC. According to the British  Museum’s description: “Clay tablet; letter from Nanni to Ea-nasir complaining that the wrong grade of copper ore has been delivered after a gulf voyage and about misdirection and delay of  a further delivery, slightly damaged.” Source: Yahoo

Strengthening Dollar/Weak Chinese Data Continue to Weigh on Commodities

It was another difficult week for base/precious metals, as the U.S. dollar continues to strengthen, and economic data out of China continues to disappoint. In particular, gold slid further towards $1,100 per ounce, although some commentators argue the slide is less than what would be expected given the looming prospect of higher U.S. interest rates; the price of gold finished at $1,155 per ounce on Friday. Other precious metals also fell during the week, with silver (2%), platinum (4%) and palladium (3.2%) each finishing at $15.56, $1,117 and $794 per ounce respectively. In base metals, nickel (1.7%) and lead (2.34%) both fell during the week, with the latter plunging 0.6% on Friday after a dramatic rise in LME stockpiles, which rose 7.6% to 228,700 tonnes. Lead closed at $0.81 per pound on Friday, while zinc was flat for the week. Nickel was at $6.39 per pound by market close on Friday. Iron ore fines (CFR North China) stayed below $60 per tonne as several major iron ore miners announced further plans to increase production output, sparking concerns from junior miners that they are being priced out of the market. WTI crude prices fell further during the week, falling briefly below $45 per barrel before finishing at $45.14 per barrel on Friday. Finally, the UxC Broker Average Price (BAP) of uranium lost ground slightly during the week, finishing at $39.38 per pound on Friday.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted

Link: http://ceo.ca/2015/03/13/the-dig-haywood-mining-teams-week-in-review-29/

Chinesische Gold-Nachfrage bleibt auf Rekord-Niveau: Totale Auslieferungen an der SGE betragen 456 Tonnen in 2015

Der chinesische Goldrausch geht ungebrochen weiter..

Quelle: bullionstar.com

Quelle: bullionstar.com

Quelle: bullionstar.com

U.S.-Dollar Index: Schnellster und stärkster Anstieg seit 1985

Eindrucksvolle Charts:

Quelle: zerohedge.com

Quelle: zerohedge.com

Ölbranche: OPEC mit unbedeutendem Förder-Rückgang

Die Produktionskürzung der OPEC von ca. 90.000 Barrel Öl pro Tag spielt auf dem Weltmarkt quasi keine Rolle..

Quelle: iea.org

S&P 500 Firmen: Aktien-Rückkaufprogramme und Dividenden steigen auf neues Allzeithoch

Interessanter Chart von Financial Times:

Quelle: ft.com, dowjones.com

Entwicklung der Chinesische Gold-Nachfrage vs. Gold-Importe vs. Goldminen-Angebot

Informativer Chart von BullionStar:

Quelle: bullionstar.com, zerohedge.com

Minen- und Juniorbranche: Top-Panel mit Rule, Casey Lassonde, Holmes und Quartermain

Informative Video-Serie, die mehr als hörenswert ist - credit to CEO.CA:

Casey, Lassonde, Rule, Holmes, Quartermain agree: gold shares are Going Vertical

POSTED ON MARCH 13, 2015 BY TOMMY HUMPHREYS
CATEGORY CASEY RESEARCH,

Plenty of newsletters writers have been calling the bottom in junior mining shares for the past four years as the shares themselves have gotten cheaper and cheaper, but that doesn’t mean the letter writers should give up on the practice. With each passing year the odds of a rebound become more likely.

I watched the Casey Research Going Vertical video event yesterday evening, which featured Casey video chief Jonathan Roth interview some legends of the junior mining game. Guests included Franco Nevada co-founder Pierre Lassonde, Sprott Global Chairman Rick Rule, Pretivm Resources CEO Bob Quartermain, and US Global Investors CEO Frank Holmes..

Link: http://ceo.ca/2015/03/13/speculator-doug-casey-small-crappy-mining-shares-soon-to-be-going-vertical/