World Gold Analyst

The Summer edition of World Gold Analyst is now available for subscribers to download. [subscribers click here]

Q1 10 Review:
Average cash costs for the first three months of 2010 averaged US$512/oz, a 20% increase on costs a year earlier and 9% up on the December 2009 quarter. It was South African listed companies that were heaviest hit, as year-on-year average quarterly costs rose in excess of 45%, to US$687/oz. Barrick Gold was once again by some way the largest gold producer with quarterly gold production of 2.1 Moz, up 19% on the same period last year.

Comment: Commodity and Currency
June's new high certainly generated a wealth of headlines and the blog equivalent of column inches from market portals but, more interestingly, it also led to exposure in the more popular press. But perhaps the Wall Street Journal misses the point when it compares gold with 'land, bags of rice, even bottled water'.

Metals & Markets
In June, gold hit several new highs before suffering a dramatic reversal at the end of the month and into July. It hit successively new high pm fixes on June 18 (US$1,265/oz) and June 28 (US$1,261/oz).Although the gold price has risen 31% over the past year, the FTSE Gold Mines index turned in a weaker performance, rising a relatively poor 24%. Of the majors, Newmont Mining is the only company with anything like a decent appreciation, up 29% over the last twelve months.

World Gold Explorer
Understanding & managing the risk that junior gold stocks present; The makeup of cash costs in 2009; Silver Linings: Looking for value in silver companies; New crop of project evaluations show immediate project pipeline is healthy - Positive Feasibility for Detour Lake, Kimber revives Monterde, Silver Standard reaches milestones at Snowfield and San Luis, Ivanhoe releases two mine scenarios for Oyu Tolgoi, Sandspring expands Guyana resources.

News

March 2010 Quarterly Production Review Cash costs for the first three months of 2010 averaged US$512/oz, a 20% increase on costs a year earlier and 9% up on the December 2009 quarter. Again it was South African listed companies that were heaviest hit, as year-on-year average quarterly costs rose in excess of 45%, to US$687/oz. More...[subscribers click here]

The Opportunity Show. To listen to an interview that Paul Burton gave to The Opportunity Show recently in Vancouver, please click on the following link. Paul Burton on The Opportunity Show

Coming Events

Paul Burton will be speaking on the broad topic of "Mine Production" at this year's LBMA Conference, which is being held at the The Hotel Adlonin in Berlin on September 27-28 2010. Paul's talk starts at 3.45pm on Monday 27th September.