“Investment bankers see gold-mining deals rebounding this year from a near-decade low as producers target assets at fire-sale prices after the metal plunged. Gold-mining companies are close to their cheapest relative to book value in at least two decades, according to data compiled by Bloomberg. Meanwhile producers will be enticed to replace some of the output lost when they sold or curtailed less-profitable mines, said Barclays Plc’s Paul Knight. The Standard & Poor’s/TSX Global Gold Sector Index lost almost half its value last year as the metal fell the most in more than three decades.”
Related posts:
Pentagon: Afghan war costing US $45 billion per year
China Market Rout Spreads From Stocks to Price of Pig Food
ObamaCare slams smokers with sky-high premium costs that could backfire
'Seasteads' offer libertarians the vision of floating cities for the future
IRS apologizes after seizures hammer small businesses
30,000 California inmates launch hunger strike against ‘state-sanctioned torture’
Caught On Camera: Woman Goes Into Cardiac Arrest During Traffic Stop
West Point sergeant accused of filming naked female cadets without their consent
Homeland Security wants to monitor journalists. Time to sound the alarm.
No felony charges for Seattle firefighters who beat homeless man
Cryptocurrency backed by gold being developed by Perth Mint
Taliban urge Obama to pull troops out now
Credit agencies dropping claims that they are 'independent'
FBI repeatedly overstated encryption threat figures to Congress, public
The heavy hand of the IRS seizes innocent Americans’ assets