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  • Indian Gold Bullion Bars

    Sonia Gandhi seeks Easing of India Gold Curbs

    Jan 23, 2014 | Reuters

    Congress party chief Sonia Gandhi has asked the government to review tough import restrictions on gold, which include a record 10 percent import duty. Her intervention is likely to create pressure for an easing of rules that have hammered imports and brought a surge in smuggling, but the finance minister said the curbs would not be rolled back anytime soon. (read more...)

  • Tanaka Refinery Japanese Gold Bars

    Gold Bar Sales Balloon as Inflation Hedge

    Jan 23, 2014 | Bloomberg

    Gold sales by Japan’s biggest bullion retailer surged 63% to a 5yr high as prices slumped and investors sought refuge from Prime Minister Shinzo Abe’s campaign to stoke inflation by weakening the yen. Bar sales to local investors by Tanaka Kikinzoku Kogyo soared to 37.3 metric tons in 2013, from 22.9 tons a year earlier. (read more...)

  • Gold Investment Watch Dog

    Fallout From Investigations Into London Gold Price Manipulations

    Jan 22, 2014 | CoinWeek

    The British Financial Conduct Authority began a review last Nov. of how 6 major bullion banks, including Barclays Plc and Deutsche Bank AG, set the London AM and PM price fix. “Traders involved in this price-determining process have knowledge which is superior to other people’s knowledge. That is the fixings great flaw.” (read more...)

  • Gold Bars

    Who Will Take Deutsche Bank's Seat At The Gold Price Fixing Table?

    Jan 22, 2014 | Business Insider

    In the aftermath of the LIBOR scandle and in the midst of growing suspiscion and intensifying investigation into the possibility of similar price riggin in gold and silver, Deutsche Bank has announced it will withdraw and sell its seat at the London price fixing table. Who, after the Libor scandal, will want it? (read more...)

  • Timmins Gold Joins New Mining Rush to Equity Markets

    Jan 22, 2014 | Reuters

    Timmins, which owns the San Francisco gold mine in Mexico, said on Wednesday it will sell C$25 million in equity to a syndicate of banks, making it the latest in a slew of recent share offerings from Canadian miners. "The floodgates aren't opened, but they are beginning to get unfrozen. So it is still going to be selective..." (read more...)

  • Chart of World Official Gold Reserves

    Gold Wars? Russia And China Vs United States

    Jan 21, 2014 | ValueWalk

    “Who owns the gold makes the rules” seems to be what the Chinese and Russians are thinking. This is why, since the financial crisis of 2008, both countries are in a stampede to fill their coffers with gold. We are aware of the currency wars, but we are a lot less familiar with the gold wars raging between the East and West. (read more...)

  • Federal Reserve Seal Logo

    Inside Story of Gold Price Manipulation

    Jan 20, 2014 | Market Oracle

    This is a must read article by former Assistant Secretary of the Treasury Paul Craig Roberts and fund manager Dave Kranzler. Together they explain, in fine detail, the inner workings of the Fed's methods of manipulating the gold price. It's one of the better commentaries on this charged topic we have read, and that's saying something. (read more...)

  • Kitco Logo

    GLD Sees Biggest Increase In Gold Reserves Since Nov 2012

    Jan 20, 2014 | Kitco News

    GLD, the largest gold ETF, reported a significant rise in its gold holdings last week, from 790 tonnes early in the week to 797 tonnes on Friday. “The last time holdings increased by that much was in November 2012 when gold prices were trading over USD1,700/oz." This is encouraging for the bullion markets. (read more...)

  • Multiple Weighted Gold Bars

    Hedge Funds Raise Gold Wagers as Goldman Sees Drop

    Jan 20, 2014 | Bloomberg

    Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived. The net-long position in gold climbed 7.6 percent to 43,277 futures and options last week. (read more...)

  • Osisko Mining Corp Logo

    Osisko Rejects Goldcorp's Unsolicited Takeover Bid

    Jan 20, 2014 | Reuters

    Gold miner Osisko Mining Corp rejected an unsolicited C$2.6 billion (US$2.37 billion) takeover bid from rival Goldcorp, saying the offer was financially inadequate and not in the best interests of its shareholders. The rejection came as no surprise and sets the stage for a bruising takeover battle between the two Canadian miners. (read more...)

  • Gold & Silver Liberty Bullion Coins

    Gold market could see a default and fail to deliver as early as February

    Jan 19, 2014 | Examiner.com

    Billionaire resource fund manager Eric Sprott spoke in an interview with King World News on the new revelations of gold price manipulation, and the groundbreaking discovery that a large financial regulator in Germany has publicly announced there is evidence of central bank coercion in the futures markets. (read more...)

  • Zero Hedge Logo

    "China To Announce It Has Doubled Its Gold Reserves"

    Jan 19, 2014 | Zero Hedge

    China may soon announce an increase in its official gold reserve from 1,054 tons to 2,710 tons, Jeffrey Nichols, managing director of American Precious Metals Advisors, said. China's central bank, known as the People’s Bank of China, has not reported an increase in official gold holdings since April 2009. (read more...)

  • Underground Gold Mine Tunnels

    Slideshow | World's Top 10 Gold Deposits

    June 2013 | Gold Miners Newsletter Service

    This month's slideshow presents the world's Top 10 producing Gold Mines. Compiling them was not easy because there are a few ways we can rank them. They can be ranked by annual production, or by the size of proven and probable reserves, or more generally by their measured, indicated & inferred resources (which include reserves). We ultimately decided to rank them based on the overall size of gold resources to give the viewer a truer sense of the deposits size and potential. Please enjoy our Top 10 List as we begin with the smallest and work our way to Number #1.

  • Obuasi Gold Mine Operations

    #10 | Obuasi | 29,830,000 Oz Gold

    Location: GHANA, western Africa

    In the #10 spot is Obuasi, owned by major gold producer AngloGold Ashanti. It is primarily a high-grade underground mine with periodic open-pit operations during its long history. It is located in the Ashanti region of southwest Ghana in western Africa; a prolific gold producing region for centuries. The underground operation extends to a depth of 1,500 meters or 4,900 feet (almost a mile). Mining began at Obuasi more than 110 years ago, in 1897 when it was originally known as the Ashanti Mine.

  • Newcrest's Cadia Valley Operations

    #9 | CADIA EAST | 37,600,000 Oz Gold

    Location: New South Wales, AUSTRALIA

    In the #9 spot is Cadia East, owned by Australian major Newcrest. The large underground mining operation is part of a trio of gold mines, in close proximity to one another, known collectively as Newcrest's Cadia Valley Operations, roughly 250 kilometers west of Sydney. The other two mines are Cadia Hill and Ridgeway. Cadia Hill is a large open-pit mine nearing the end of its useful life just as the newly developed Cadia East recently began its expected 30 year mine life. Gold was first discovered in the gold and copper bearing Cadia region in 1851 and Cadia East was discovered in 1994.

  • Mponeng Gold Mine Shaft

    #8 | MPONENG | 39,557,000 Oz Gold

    Location: Near Johannesburg, SOUTH AFRICA

    In the #8 spot is Mponeng, owned by South African major AngloGold Ashanti. It is located just 65km west of Johannesburg in one of the world's most prolific mining regions known as the Witwatersrand. In addition to being one of the largest, Mponeng is also one of the world's deepest underground mines. It extends over 2 miles below the surface and it takes over an hour to reach the bottom. The rocks at this depth reach a temperature of 150 degrees farenheit requiring slurry ice be pumped underground to cool the environment down to a bearable 85 degrees.

  • Pueblo Viejo Gold Mine

    #7 | PUEBLO VIEJO | 40,085,000 Oz Gold


    Coming in at #7 is Pueblo Viejo, owned jointly by majors Barrick (60%) and Goldcorp (40%). This large deposit is located in the Dominican Republic, roughly 100km northwest of the capital of Santo Domingo. It might surprise some that this small island nation is rich in mineral reserves. The open pit mine is very new and began production in January 2013. It also has large silver and copper reserves to compliment its gold deposit. As it ramps up to full production, it will also be one of the largest producers in the world, but we'll save production figures for a separate Top 10 List.

  • Oyu Tolgoi Copper & Gold Mine

    #6 | OYU TOLGOI | 46,340,000 Oz Gold

    Location: South Gobi Desert, MONGOLIA

    At #6 on our list is Oyu Tolgoi, owned jointly by Rio Tinto (34%), Turquoise Hill (32%) and Mongolia (34%). This is another newly developed mammoth deposit located in the remote southern reaches of Mongolia. The mine cost the princely sum of US$6.6B to develop and went into production in January 2013. In addition to its 46Moz+ of gold, it also contains over 40 billion pounds of copper worth US$140B. It's really a copper mine masquerading as a gold mine. It will also be one of the largest gold and copper producers on earth as it ramps up to full production.

  • Olimpiada Gold Mine

    #5 | OLYMPIADA | 47,500,000 Oz Gold

    Location: Central Siberia, RUSSIA

    In the #5 spot is Olympiada, owned solely by Russian major Polylus. This large open-pit mine is located in the country's most prolific gold bearing region; the Krasnoyarsk krai in central Siberia. In fact this area is at the heart Russian natural resource production in general. Olimpiada was discovered in 1970 and finally went into production in 1996 and despite its age it has plenty of resource life left. Russia is the 4th largest gold producer in the world, and as Russia's biggest producer, Olympiada was responsible for 9% of the total in 2012.

  • South Deep Gold Mine Head Frame

    #4 | MURUNTAU | 50,000,000 Oz Gold

    Location: Kyzyl Kum Desert, UZBEKISTAN

    At #4, Muruntau is phsyically the largest open pit gold mine on earth, measuring 3.5km x 2.5km across(2.2mi x 1.6mi) at the surface. This megalith of a mine is owned by the Uzbeki government after expropriating Newmont's ownership in 2006. Like its cousins, Oyu Tolgoi and Olympiada, this mine is located on the remote fringes of the Asian steppe. Production began in the late 60's, as modern larger scale production ramped up in the 1990's with Newmont's involvement. Although large, the deposits true size is hard to ascertain due to a less than transparent owner.

  • Lihir Gold Mine

    #3 | LIHIR | 64,100,000 Oz Gold

    Location: Niolam (aka Lihir) Island, PAPUA NEW GUINEA

    Now we're entering rarified air. In the #3 spot is Lihir at a whopping 64Moz+. This large tropical open pit mine began prdouction in 1997 and is currently owned by Australian major Newcrest who acquired it in 2010 for a cool US$22B. It's another remote mine, located on the small island of Lihir, over 900km (560mi) east of Port Moresby, Papua New Guinea. The pit is actually in the caldera of an extinct volcano that is geothermically active. Retrofitting is currently underway to dramatically increase production, which will likely make it one of the largest gold producers as well.

  • South Deep Gold Mine Head Frame

    #2 | SOUTH DEEP | 81,413,000 Oz Gold

    Location: Near Johannesburg, SOUTH AFRICA

    #2 South Deep is also located in the Witwatersrand Basin, very near to 8th place Mponeng. Similarly, it is a high-grade deep underground mine, just southwest of Johannesburg. The mine is in the early stages of ramping up to full production. Mining began at the site in 1961 and Gold Fields bought the operation in 2006. The mine produced 273,000 ounces in 2012 and is expected to produce 770,000 ounces annually by 2015. Amazingly, it is estimated that the mine will maintain this high rate of production until 2057 with mine life lasting until 2080.

  • Grasberg Open Pit Gold Mine

    #1 | GRASBERG | 106,231,000 Oz Gold

    Location: Papua, INDONESIA

    At #1, Grasberg is the grandaddy of them all containing a whopping 100Moz+ of gold. The massive mine is owned by Freeport McMoRan but includes a sizeable sharing agreement with miner Rio Tinto. The site is located in the mountains at an altitude of 4,300 meters or 14,000 feet. In truth, Grasberg produces far more copper, by value, than gold and thus represents one of the worlds largest copper and gold mines. The operations consists of both open pit and underground mines and has been in operation since the 1980's and the pit forms an enormous mile wide crater.

The "Stock Quotes" table above is an abbreviated preview of a far more detailed version that we use as an important tool in comparing and ranking major and mid-tier gold producers for our Premium Subscribers. We invite you to put our Premium Subscription to work for you, including our 100% Money Back Guarantee.

#1 Goldcorp

#2 Barrick Gold Corp

#7 Franco-Nevada


The Gold Miners newsletter and website has provided me with the insight and analysis to make informed investment choices among a universe of gold producers.
Fred Mitchell

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