GFMS Surveys and Updates are now available on Thomson Reuters Eikon Gold Survey Q3 Update & Outlook (November ) Now Available; LME Gold Survey Update 2; Copper Survey Update; Gold Survey . Thomson Reuters GFMS launched Gold Survey at events in London and Johannesburg. The following details some highlights from the. GFMS puts new mine production of gold at a record tonnes, a 6% gain over
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The outlier is India, where expectations of falling rupee prices led to an increase in the first quarter, although return has been more sluggish since. Published by Danielle Baggs Modified over 3 years ago.
Registration Forgot your password? So far in the rate of scrap sales has been slow, reflecting reduced jewellery sales This is not only the case in price-sensitive Asia, where material is of high caratage and readily mobilised, but also in Europe and to a lesser extent the United States.
Sign-up to receive the newsletter. Hence some of the cyclicality seen in the mining sector. We think you have liked this presentation. About project 20133 Terms of Service. If you wish to download it, please recommend it to your friends in any social system. The report sees investor appetite as not being strong and that, without this important element returning, the gold price is expected to resume a surveu downward course in Held in partnership gokd Creating Connections.
GFMS also adds a caveat that any relaxation of the import restrictions in India, particularly the However looking further ahead there is little comfort for the bulls as GFMS is predicting further weakness in However other elements in the equation could end up bringing fundamentals into balance.
Thomson Reuters is an aggregator and provider of information for general information purposes only and does not provide financial or other professional advice. As glld have noted in the past on Mineweb survvey fall in the metal price often, at least initially, has the opposite effect to that which the market might anticipate.
This can only go on for so long though and ultimately low prices do filter down to force production cuts as continually uneconomic operations are gfmw down, older mines find it impossible to high grade and new projects at the inception stage are deferred.
GFMS Surveys and Updates
The Life Sciences Report. In Europe the drivers have included the tightening regulations over scrap return, which have raised costs, while distress selling has also largely abated and here, too, near-market stocks good been depleted. The Future of Mining: With scrap sales gokd back drastically at the lower prices, and not expected to pick up much if at all, this would seem to counter to an extent the higher mine production.
Held in partnership with Creating Connections This document has been prepared for general guidance on matters.
sjrvey My presentations Profile Feedback Log out. Thomson Reuters retains all proprietary rights to the Thomson Reuters Content. The Big Picture for Gold. The 20113 question though is what is likely to happen to Chinese demand after it reached record levels in In the US scrap has also fallen sharply, reflecting not only lower prices and better economic positions, but we have also detected a fall in the return of electronic scrap, which is a new trend, reflecting the reduced loadings in electronic components manufactured between three and seven years ago, when ggfms prices were rising sharply.
Q Earnings Call Presentation June 7, The third party trademarks, service marks, trade names and logos featured in this publication are owned by the relevant third parties or their affiliates. To make this website work, we log user data and share it with processors. Another factor which may at least give the gold bulls some heart is gfns estimate that in demand for gold for jewellery fabrication and general bar and coin investment demand will likely exceed the total of new mine production plus scrap.
But the GFMS report does contain some contradictions which could result in positivity for the gold price.
It may seem counter-intuitive that the physical market was in a surplus last year give the strength of physical demand, but this was a function of the level of ETF selling and a drawdown of inventory on COMEX in particular. Streetwise Reports is registered with the U.
In the Far East, some consumers have been 213 a rebound in the gold price, while scrap flows in China have been broadly flat. And we would add continuing unrest in Ukraine and any moves to impose punitive sanctions on Russia, which would lead to likely retaliation, could also impact prices positively. Conditions are much calmer this year and indeed the Chinese market in particular has slowed, partly as a result of over-buying last year but partly as the make this reverted to more normal levels, as we shall surveg in a later slide.
But this can all take 2 or 3 years to filter surveey by which time, the miners hope, prices will have improved again. ETFs in Canada October 24, Disclaimer This document is for information purposes only and is not an invitation to purchase securities listed on.
Of course new mines which are already down the development pipeline will also be brought on stream, adding to overall production. No use of such mark, names or logos is permitted without the express written consent of the owner.
Junior Gold Miner Seeker: GFMS Gold Survey & Updates – Gold Mine Supply & Cash Cost Curves
Share buttons are a little bit lower. But then, conversely, production will fall as the mines can revert to working lower grade ores, while the deferred projects will still take several years to be brought to production at best.