Mining News
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The international gold price was fixed in London this morning at US$1,096.80/oz; the lowest am fixing since March 2010. The gold price declined 4% at the beginning of this week after heavy selling in thin markets. Bloomberg reports that a Goldman Sachs analyst is predicting that gold could fall below US$1,000/oz on a more positive […]
Shanta Gold produced 14,664 oz of gold in Q2 2015, some 8% higher than Q1 but significantly down from Q2 2014 production of 21,940 oz. Cash Costs were US$834/oz.(up 10% on Q2 2014) and All in Sustaining Costs (AISC) US$1,157/oz (up 21%). The main reasons for the decrease in production, and increase in costs, were […]