Winter Issue

Metals & Markets

In the last issue the headline in this section read “Gold sets all-time high as Barrick dehedges”. Well, we could use exactly the same headline in this issue as both events occurred again in Q3.

December 2009 Quarter Review

28 pages of comment and analysis on results for Q3 for almost seventy of the world’s top gold producers. Production, costs, earnings, market capitalisation, resources, project update.

World Gold Explorer

Just ten years ago Zimbabwe’s annual gold was 955 koz but by last year it had shrunk to just 280 koz (GFMS figures). But now the gold mining industry in Zimbabwe is experiencing something of a resurgence after earlier this year the government allowed gold production to be sold internationally and for producers to receive hard dollars for their metal sales. Focus on New Dawn Mining. In addition, The Editor questions the validity of certain 'per share' metrics.

SPECIAL FOCUS: Russia & CIS:

As the Soviet Union, Russia and its satellite countries in the CIS, was a major gold producing region. However, lack of investment after the Soviet era led to a decline in output, one that has only been reversed in recent years with the rise in the gold price. Now, however, with a number of Russian gold producers listed in the UK and able to access the capital markets, Russian gold output is increasing to the extent that the country is about to break into the ranks of the top four gold producers. This article looks at the major production and development projects in Russia and the other countries of the CIS.