Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Registered members
Current visitors
Charts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Gold Prospecting
Gold localities & information
Dargues Reef closure.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Prospecting Australia:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Goldpick" data-source="post: 48065" data-attributes="member: 1695"><p>I find it strange that mining companies blame the gold price for their predicament, when its not really that bad compared to the 90's when it was a hell of a lot lower, and for a long period of time, yet most managed to continue production. A lot of them also pre-sold their gold at a much higher price vs selling via the spot gold price, so they managed to scrape through and survive. I think it has more to do with lack of investment in the mining/exploration industry at the moment, I haven't seen it so bad for such a long time. </p><p></p><p>It's also about time the federal government introduce incentives or tax concessions to invest in the industry as recommended by the Gonski review, particularly for junior explorers. Otherwise, no exploration, no new mines and that's the last thing we need considering the shape of our manufacturing sector. People tend to forget mines don't pop up overnight, they take years of proving up resources, govt red tape, complex environmental studies etc etc before even thinking of taking the first bucket load of dirt out of the ground.</p></blockquote><p></p>
[QUOTE="Goldpick, post: 48065, member: 1695"] I find it strange that mining companies blame the gold price for their predicament, when its not really that bad compared to the 90's when it was a hell of a lot lower, and for a long period of time, yet most managed to continue production. A lot of them also pre-sold their gold at a much higher price vs selling via the spot gold price, so they managed to scrape through and survive. I think it has more to do with lack of investment in the mining/exploration industry at the moment, I haven't seen it so bad for such a long time. It's also about time the federal government introduce incentives or tax concessions to invest in the industry as recommended by the Gonski review, particularly for junior explorers. Otherwise, no exploration, no new mines and that's the last thing we need considering the shape of our manufacturing sector. People tend to forget mines don't pop up overnight, they take years of proving up resources, govt red tape, complex environmental studies etc etc before even thinking of taking the first bucket load of dirt out of the ground. [/QUOTE]
Verification
Post reply
Gold Prospecting
Gold localities & information
Dargues Reef closure.
Top