Large-scale deals to head down the mineshaft in 2013: PwC

279077

Summary: Mining of precious metals, especially gold, has been on a sharp increase around the world. As metal prices have stabilized in 2012 and into 2013, many mining firms are taking a step back and reassessing their positions. While mining deals have cooled slightly, many other developments around the world will support gold mining as well.  Read more…

Commentary/Opinion: Some claim gold’s bull run is over, or worse, it’s bubble popped and it’s due for a long-term decline. This story is one example of why we feel this isn’t the case. Even though mining has cooled somewhat, strong demand from China, as well as miners are considering “…risk factors such as rising costs, resource nationalism and potential political ramifications of buying and selling assets.” Being cautious about the deals and ventures you take isn’t a sign of decline, it’s a sign of prudence and long-term growth.

Other Favorite Posts You Might Like...

Mid-Week Market Update: Gold rises after weak U.S.... Investors bought gold after data showed U.S. private employers added fewer workers than expected in February and services sector growth hit a four-year low. Severe U.S. weather also crimped shopping a...
PRECIOUS-Gold down as Cyprus fears ease, set for w... By Reuters Greek bank deal with Cyprus eases market jitters, Wall St up * Spot gold faces technical resistance at $1,620/oz * Investors monitor development of Cyprus, EU ahead of weekend * Coming up...
Why Physical Gold Ownership is Such a Pain in Your... Investing in gold is great for avoiding the pitfalls of placing trust in world markets and paper currencies. In fact, that’s exactly why physical gold has been seen as one of the best long-term invest...