gold production

Sales of gold products by the Perth Mint in August rose from a month earlier to their highest since October 2017, as lower bullion prices attracted buying, the mint said on Monday . . . .

Russia‘s U.S. dollar reserves have shrunk from $96.1 billion in March to just $14.9 billion in May, according to the Russian Central Bank . . . .

People responsible for supplying the world with gold are sounding the alarm, saying discoveries of the precious metal are shrinking and there’s no reasonable substitute . . . .

The U.S. gold exports to Hong Kong surged in February consuming nearly all of the domestic gold mine supply . . . .

Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent.  Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg’s weekly survey . . . .

Russia’s Far East Development Fund and China’s state-owned gold mining company, China National Gold Group, are to sign an accord by the end of this year on setting up a joint US$1 billion investment fund targeting new projects in the metals and mining sector . . . .

My good friend Pierre Lassonde, cofounder and chairman of Franco-Nevada, doesn’t know how we’ll replace the massive gold deposits of the past 130 years or so. Speaking with the German financial newspaper Finanz und Wirtschaft this month, Pierre says we’re seeing a significant slowdown in the number of large deposits being discovered . . . .