Fresh selling sees gold price end September down 6% vs historical average gain of 3%, silver tanks 13%, platinum drops 9% and palladium collapses 15% over the course of the month.
Cat Auction Services is hosting a live auction for the complete dispersal of Chevron's Questa mine. The auction will take place on Wednesday, October 22, 2014 and Thursday, October 23, 2014 at 9:00 am MDT. While most of the items up for auction are mining, there will also be heavy equipment, motor vehicles, agriculture and parts, attachments and shop tools. This is an unreserved auction, so there are no minimum bids or reserve prices. If you can't make it onsite to bid, no worries, we have online bidding. For the full auction equipment inventory visit, www.catauctions.com.
The upcoming Mine Project Economics webcast is for anyone involved in carrying out mine valuations or who wishes to understand mine valuations done by others. Dr. Dunbar will provide instruction in the fundamental aspects of the valuation of mining projects with particular emphasis on the models used for valuation, uncertainties in the input to these models, and the role of the models in decision-making. For more info or to register, see the course page.
Russian gold producers may need to reduce their mining operations to prevent prices from falling further as the result of an increase in supply on the market.
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