The Dig – Haywood Mining Team’s week in review

POSTED ON January 09, 2015 BY Haywood Mining Team
CATEGORY Haywood Mining Team,

Haywood’s Heritage Moment: Christopher Columbus Gold is a treasure, and he who possesses it does all he wishes to in this world, and succeeds in helping souls into paradise. Source: Christopher Columbus

Gold Price/Mining Equities Surge in New Year

The New Year has begun on a positive note, with both the gold price and mining equities gaining ground after what was a tumultuous 2014. The gold price and mining equities surged on the back of slightly negative factory data from the U.S., although other macroeconomic indicators, including housing and employment, were all generally positive for the week. Meanwhile, consumer prices in the Eurozone fell for the first time on an annualized basis in December, prompting the European Central Bank (ECB) to more carefully consider stimulus measures in the region. The week was also defined by the killing of 12 people, including journalists/cartoonists from a French magazine, which in the past has published Islamic satire that has resulted in numerous threats from various jihadist groups. In addition to gold, silver, platinum and palladium all gained for the week, closing at US$1,221 (↑2.6%), US$16.45 (↑4.2%), US$1,230 (↑2.3%), and US$802 (↑0.9%) per ounce respectively. With the exception of nickel, which gained 3.1% for the week, the other major base and industrial metals fell, with copper, lead and zinc finishing at US$2.80, US$0.84 and US$0.97 per pound respectively. The UxC Broker Average Price of uranium (BAP) fell further this week after its mid-Q4’14 surge, finishing at US$35.44 per pound U308 for the week. Finally, WTI crude fell below US$50 per barrel, continuing its fall from the latter part of last year, finishing at US$48.3 per barrel.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

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[Christopher Columbus photo source]

Haywood Mining Team

Canadian mining companies have been among the industry leaders, creating new exploration and development undertakings and drawing on their recognized production expertise to generate new opportunities. Our mining research team follows all segments of this sector, covering base and precious metal sectors for large and small-cap companies. Haywood's mining sector coverage also continually seeks opportunities in the dynamic Canadian junior market sector, one that has a rich culture in exploration and development. More →

gmark@haywood.com

Haywood Mining Team

gmark@haywood.com

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