Mining International Ltd’s Post

More than 3,000 tonnes of gold were produced globally in 2023. China was both the world's biggest producer of gold, accounting for 12% of the globe's total production, and the world's biggest buyer with 225 tonnes purchased in 2023. The price of gold is up more than 14% year to date! #Gold #Investing #CentralBanks #Mining

The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. In 2022, the growth was 1.35% year on year, the year before it was 2.7%, while in 2020, global gold production logged the first decline in a decade, sliding 1%. Gold prices are taking a breather after rallying to record highs in recent months bolstered by strong demand led by China. Spot gold is currently trading at $2,294.3 per ounce. #gold #mining #investing #spotgold #commodities

With the focus firmly on gold trading at record highs, it's interesting to compare how prices have performed in both US$ and A$ terms. Over the past five years, we see that A$ gold has outperformed US$ gold, with the price up 104% in A$ terms and 74% in US terms. This is reflected in the graphic below. If we go back further, over the past ten-year period A$ gold is up 148%, while US$ gold is up 73%. This scenario provides a supportive environment for our domestic gold producers. #gold #commodities #resources #mining

With the focus firmly on gold trading at record highs, it's interesting to compare how prices have performed in both US$ and A$ terms. Over the past five years, we see that A$ gold has outperformed US$ gold, with the price up 104% in A$ terms and 74% in US terms. This is reflected in the graphic below. If we go back further, over the past ten-year period A$ gold is up 148%, while US$ gold is up 73%. This scenario provides a supportive environment for our domestic gold producers. #gold #commodities #resources #mining

Did you know? Buying #gold mining #stock is a great alternative for investors who are operating on a tight budget and are eager to capitalize on the precious metal's upward trajectory. #Investing directly in the companies responsible for extracting gold from the earth is an excellent way to gain indirect exposure to the commodity itself at an affordable price. After all, gold #mining stocks tend to track the price of gold, offering #investors an opportunity to benefit from rising gold prices without having to purchase physical bullion (cbsnews.com). Cboe CA: DMET | OTCQX: DNRSF #miningnews #miningindustry #criticalminerals #preciousmetals #denariusmetals

Hard commodity assets like gold have long been known as a good hedge against inflation. This however is not always the case the for gold miners and you may be far better off holding the bullion than the mining stock. While gold prices have been on an impressive rally reaching all time highs in 2024 gold miner's performance has lagged behind. The reason for this is that it has become increasingly more expensive to get the commodity out of the ground and most miners have seen a sharp rise in AISC (all-in sustaining costs). South African miner Goldfield's has recently announced that AISC at 31 March 2024 is $1 738 per ounce up 51% from the prior year ($1 152/ounce). Thus despite gold price rising 14.35% in the period 31 March 2023-2024 with the AISC up 51% over the same period gross margins based on spot prices would have declined from 41.46% to 22.77%. All that glitters is not gold.

Did you know that the world's largest gold mine based on production is in Uzbekistan, where the Muruntau deposit has over 150 million oz of gold reserves? #gold #goldmining #timmins #nwt #goldrush #goldstocks #investment #goldinvesting #goldinvestment #mining #canada #preciousmetals #investingold #inflation #commodities #esg #sustainability $STLR.TO $STLRF $MOPA

Check out this awesome article from Resource Capital Funds about gold. It's like a never-ending sparkle of insights into the world of gold & investing. #gold #goldmining #investing #investments #miningindustry

Call us gold bugs, because for us, #gold always maintains its intrigue. Resource Capital Funds offers a comprehensive overview explaining why. #goldmining #mining #miningindustry #lincolngold #lincolngoldmining #lmg