GFMS Surveys and Updates are now available on Thomson Reuters Eikon Gold Survey Q3 Update & Outlook (November ) Now Available; LME Gold Survey Update 2; Copper Survey Update; Gold Survey . Thomson Reuters GFMS launched Gold Survey at events in London and Johannesburg. The following details some highlights from the. GFMS puts new mine production of gold at a record tonnes, a 6% gain over
|Published (Last):||18 June 2010|
|PDF File Size:||17.48 Mb|
|ePub File Size:||8.75 Mb|
|Price:||Free* [*Free Regsitration Required]|
However other elements in the equation could end up bringing fundamentals into balance.
Latest GFMS Gold Survey Reports Record Gold Production
This can only go on for so long though and ultimately low prices do filter down to force production cuts as continually uneconomic operations are closed down, older mines find it impossible to high grade and new projects at the inception stage are deferred. The outlier is India, where expectations of falling rupee prices led to an increase in the first quarter, although return has been more sluggish since.
Patent and Trademark Office. Held in partnership with Creating Connections This document has been prepared for general guidance on matters. The report sees investor appetite as not being strong and that, without this important element returning, the gold price is expected to resume a further downward course in There are signs that this may be slowing down after a new record for imports in the first two months of the year.
God course new mines which are already down the development pipeline will also be brought on stream, adding to overall production.
Junior Gold Miner Seeker: GFMS Gold Survey & Updates – Gold Mine Supply & Cash Cost Curves
However looking further ahead there is little comfort for the bulls as GFMS is predicting further weakness in Another factor which may at least give the gold bulls some heart is the estimate that in demand for gold for jewellery fabrication and general bar and coin investment demand will likely exceed the total of new mine production plus scrap. International Speculator, who also discusses his Golden Runway theory of price appreciation and talks about a handful of companies that he believes are on the rise.
Struthers’ Resource Stock Report surevy a look at results from two mining companies, and picks the one he considers a winner. Streetwise Reports is registered with the U. Thomson Reuters gol no representations or warranties bfms any kind, express or implied, as to the accuracy or completeness of the Thomson Reuters Content.
We think you have liked this presentation. Thomson Reuters retains all proprietary rights to the Thomson Reuters Content. But the GFMS report does contain some contradictions which could result in positivity for sutvey gold price. All rights are expressly reserved.
So far in the rate of scrap sales has been slow, reflecting reduced jewellery sales This is not only the case in price-sensitive Asia, where material is of high caratage and readily mobilised, but also in Europe and to a lesser extent the United States. With scrap sales falling back drastically at the lower surevy, and not expected to pick up much if at all, this would seem to counter to an extent the higher mine production.
GFMS Surveys and Updates
Q1 Earnings Call Presentation June 7, The third party trademarks, service marks, trade names and logos featured in this publication are owned by the relevant third parties or their affiliates. About project SlidePlayer Terms of Service. But if sales out of gold ETFs fall away this year, or even turn around to purchases as they have done to date aurvey matters could yet prove to be different. As we have noted in the past on Mineweb a fall in the metal price often, at least initially, has surveh opposite effect to that which the market might anticipate.
Registration Forgot your password? This year the market is characterised by much slower physical demand, but also a substantial decline in the rate of attrition from the major ETFs. The Big Picture for Gold. But then, conversely, production will fall as goldd mines can revert to 20013 lower grade ores, while the deferred projects will still take several years to be brought to production at best.
Published by Danielle Baggs Modified over 3 years ago. Sign-up to receive the newsletter. Meanwhile Middle Eastern scrap return is down, reflecting lower prices and despite continued political turmoil, while low price volatility has reduced Turkish scrap return.
Thus new mined gold output may not fall back even in the current year should gold prices stay at or around current levels which put many even large gold mining operations into the marginal category on an all in sustaining costs basis. The Future of Mining: Auth with social network: The Life Sciences Report.
GFMS Research and Forecasts
Thomson Reuters is not responsible for any loss or damage resulting from any decisions made in reliance on the Thomson Reuters Content, including decisions relating to the sale and purchase of instruments, or risk management decisions.
My presentations Profile Feedback Log out. ETFs in Canada October 213, Disclaimer This document is for information purposes only and is not an invitation to purchase securities listed on.
Hence some of the cyclicality seen in the mining sector. But this can all take 2 or 3 years to filter through by which time, the miners hope, prices will have improved again.
In the Far East, some consumers have been awaiting a rebound in the gold price, while scrap flows in China have been broadly flat. In Europe the drivers have included the tightening regulations over scrap return, which have raised costs, while distress selling has also largely abated and here, too, near-market stocks have been depleted.
Thomson Reuters is an aggregator and provider of information for general information purposes only and does not provide financial or other professional advice.
No use of such mark, names or logos is permitted without the express written consent of the owner.