Gold’s had a roller-coaster year, surging as much as 30 percent before giving up the bulk of those gains. But one trend has been consistent: mining companies are finding it harder to dig up more of the precious metal. Dwindling discoveries Even though producers’ exploration budgets surged more than 10-fold to $6 billion a year in the decade to 2012, new finds are in decline. The amount of go…

In more ways than one, 2016 was a roller coaster year. One need only look at gold’s performance to confirm this. After rallying more than 30 percent in the first half, the precious metal stalled in the days before the U.S. election, then retreated on a weekly basis, under pressure from a strengthening dollar and tightening monetary policy. Gold is now down more than two standard deviations from…

Participants from 76 countries recently attended the largest mining investment conference Mines and Money London held in the city. Present at the event was Director General of Avellana Gold Brian Savage. «This format helps us exchange experience with key players on the market, discuss and assess new investment prospects in mining», - Brian Savage said. During the event the main trends on r…

Interview with Nikolay Gozhik, Head of Business development, Ukrainian office representative of Avellana Gold. - What do you think about gold mining in Ukraine – what are the problems and prospects? Muzhievo gold deposit is in fact the first project on polymetal mining in the history of independent Ukraine. Is the country actually ready for such a large-scale project? - Mining is currently…

Mine supply may fall about a third in the 10 years to 2025, according to Bloomberg calculations based on forecasts from BMO Capital Markets and Randgold Resources Ltd. The number of newly discovered primary gold deposits fell to three in 2014, from a peak of 37 in 1987, according to Melbourne-based industry adviser MinEx Consulting Pty. «What we’ll possibly see is consolidation in the industry…