Goldletter I N T E R N A T I O N A L th e in te rn a tio n a l in d ep e n d en t in fo rma tio n a n d a d vice b u l let in fo r g o ld a n d re la t ed in ve st men t s
Overviews as at June 30, 2017
Precious and base metals / oil and uranium prices
(in US$) -
period 2017 - 2012
gold price related to total metal market complex 30 June Year-end Change % Year-end Year-to-Year 2017 2016 2017 2015 2016/2015 to date (change %)
Year-end Year-end Year to Year Year-end Year to Year 2014 2013 2014/2013 2012 2013/2012 (change %) (change %)
Gold Silver Palladium Platinum
1,242 16 841 922
1,159 16.24 670 898
7 1 26 3
1,062 13.82 547 872
9 18 22 3
1,199 15.97 798 1,210
1,202 19.50 711 1,358
0 -18 12 -11
1,664 29.95 705 1,533
-28 -35 1 -11
Copper Lead Nickel Zinc
5,908 2,274 9,280 2,754
5,501 1,985 10,010 2,563
7 15 -7 7
4,702 1,802 8,665 1,600
17 10 16 60
6,359 1,853 14,935 2,167
7,395 2,206 13,970 2,086
-14 -16 7 4
7,915 2,035 17,085 2,035
-7 8 -18 3
Brent oil 12-month price range: H $ 54.94 (06/12/2016)) L $ 27.10 (21/01/2016) 2008: H $ 147.00 (7/7) L $ 39.23 (5/12)
47.92
56.82
-16
37.28
52
57.55
110.80
-48
111.25
0
Uranium (U3O8) spot 12-month price range 2016: H $ 26.00 (Feb.6, 2017) L $ 18.00 (Nov.28, 2016)
20.10
20.25
-1
34.25
-41
35.50
34.50
3
43.50
-21
Long-term pre-Fukushima 2011 (H)
32.50 73.00
30.00
8
44.00
-32
49.00
50.00
-2
56.50
-12
source: Goldletter International
Goldletter International
1
June 2017
Gold runs its own course against dollar and oil price Gold ($)
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Goldletter International
Year-end 2001 Year-end 2002 Year-end 2003 Year-end 2004 Year-end 2005 May 12, 2006 October 6, 2006 Year-end 2006 June 30, 2007 September 18, 2007 Year-end 2007 March 17, 2008 (High) April 30, 2008 June 30, 2008 July 9, 2008 July 16, 2008 September 15, 2008 October 8, 2008 October 24, 2008 (Low) November 24, 2008 December 5, 2008 December 16, 2008 Year-end 2008 January 15, 2009 March 5, 2009 April 2, 2009 May 13, 2009 June 30, 2009 September 30, 2009 December 3, 2009 (High) Year-end 2009 May 10, 2010 June 28, 2010 September 30, 2010 Year-end 2010 April 13, 2011 June 30, 2011 July 13, 2011 September 6, 2011 (High) September 30, 2011 November 9, 2011 December 14, 2011 Year-end 2011 July 5, 2012 July 26, 2012 Year-end 2012 May 8, 2013 June 30, 2013 (Low) November 11, 2013 Year-end 2013 June 12, 2014 September 11, 2014 Year-end 2014 January 22, 2015 December 16, 2015 Year-end 2015 July 6, 2016 (High) September 30, 2016 November 8, 2016 December 15, 2016 Year-end 2016 March 15, 2017 June 14, 2017 June 30, 2017
1) 2)
3)
4) 5)
6)
7) 8) 9) 10) 11) 12)
13)
14) 15)
16) 17) 18) 19) 20) 21) 22) 23)
24) 25)
26) 27) 28) 29)
2
276.50 342.75 417.25 438.00 513.00 725.75 560.75 635.70 650.50 714.75 836.50 1,030.80 853.00 930.25 927.50 977.50 775.00 903.50 692.50 822.50 749.00 838.25 865.00 810.00 913.00 897.75 924.00 934.50 995.75 1,226.10 1,104.00 1,196.50 1,261.00 1,307.00 1,410.25 1,457.50 1,505.50 1,579.00 1,920.00 1,619.77 1,784.00 1,603.00 1,571.50 1,604.00 1,618.00 1,664.00 1,469.00 1,192.00 1,282.50 1,201.25 1,265.75 1,241.25 1,199.25 1,295.75 1,075.25 1,062.25 1,370.00 1,322.50 1,282.35 1,126.95 1,159.10 1,198.80 1,275.50 1,242.00
€/$ 0.88 1.05 1.26 1.36 1.18 1.29 1.27 1.32 1.35 1.39 1.47 1.58 1.55 1.58 1.57 1.58 1.43 1.37 1.26 1.28 1.27 1.37 1.40 1.31 1.26 1.34 1.36 1.41 1.46 1.51 1.43 1.28 1.23 1.36 1.33 1.44 1.45 1.43 1.44 1.35 1.36 1.30 1.29 1.24 1.23 1.32 1.32 1.30 1.36 1.38 1.35 1.29 1.21 1.15 1.09 1.09 1.10 1.12 1.10 1.04 1.05 1.07 1.12 1.14
Brent Oil $/barrel
Gold/Oil ratio
19.80 28.13 30.17 40.25 58.87 68.05 58.86 60.14 72.82 77.58 93.89 102.82 109.78 139.30 141.70 134.54 90.38 83.18 60.41 52.19 39.23 44.11 41.76 44.50 44.16 53.14 57.26 68.21 67.72 77.56 77.20 80.04 77.64 81.01 92.59 122.63 111.98 118.57 108.70 102.42 113.21 104.10 108.58 100.70 106.38 111.25 102.37 102.16 106.40 110.80 106.53 92.83 57.55 49.69 38.64 37.28 48.80 49.06 46.04 54.02 56.82 51.81 47.00 47.92
14.0 12.2 13.8 10.9 8.7 10.7 9.5 10.6 8.9 9.2 8.9 10.0 7.8 6.7 6.5 7.3 8.6 10.9 11.5 15.8 19.1 19.0 20.7 18.2 20.7 16.9 16.1 13.7 14.7 15.7 14.3 15.0 16.2 16.1 15.2 11.9 13.4 13.3 17.7 15.8 15.8 15.4 14.5 15.9 15.2 15.0 14.3 11.7 12.1 10.8 11.9 13.4 20.8 26.1 27.8 28.5 28.1 27.0 27.9 20.9 20.4 23.1 27.1 25.9
June 2017
1) 2006 high of gold price 2) 2006 second half low of gold price after correction oil price 3) Fed funds rate lowered for the first time (0.50% to 4.75%) 4) Fed funds rate lowered (0.25% to 4.50%) 5) Fed rate lowered (0.25% to 4.25%) 6) Fed funds and ECB rates lowered 0.50% to 3.75% and 1.50%, respectively 7) 2008 low of oil price 8) Fed funds rate lowered (0.75-1.00% to 0.00-0.25%) for the last time in 10 stages from 5.25% to 0.00-0.025 %in the period of June 29, 2007 - December 18, 2008 9) ECB rate lowered 0.50% to 2.00% 10) ECB rate lowered 0.50% to 1.50% 11) ECB rate lowered 0.25% to 1.25% 12) ECB rate lowered 0.25% to 1.00% 13) Euro salvation package announced 14) ECB rate increased 0.25% to 1.25% 15) ECB rate increased 0.25% to 1.50% 16) ECB rate lowered 0.25% to 1.25% 17) ECB rate lowered 0.25% to 1.00% 18) ECB rate lowered 0.25% to 0.75% 19) ECB: whatever it takes to save Euro 20) ECB rate lowered 0.25% to 0.50% 21) ECB rate lowered 0.25% to 0.25% 22) ECB rate lowered 0.10% to 0.15% 23) ECB rate lowered 0.10% to 0.05% 24) ECB announces quantative easing program 25) Fed funds rate increase of 0.25% to 0.25%-0.50% range 26) Donald Trump elected as next US President 27) Fed funds rate increase of 0.25% to 0.50%-0.75% range 28) Fed funds rate increase of 0.25% to 0.75%-1.00% range 29) Fed funds rate increase of 0.25% to 1.00 - 1.25% range
Goldletter International
3
June 2017
Measuring the gold market as a safe haven London trading in US$ December 1, 2003 December 2, 2005 April 14, 2006 May 10, 2006 May 12, 2006 October 6, 2006 ► Year-end 2006 April 20, 2007 June 27, 2007 September 18, 2007 ► Year-end 2007 March 17, 2008 (H) May 1, 2008 July 16, 2008 September 11, 2008 October 10, 2008 October 24, 2008 (L) ► Year-end 2008 February 20, 2009 (Interim high New York $ 1,006.30) April 20, 2009 June 1, 2009 July 13, 2009 September 17, 2009 December 3, 2009 (H) ► Year-end 2009 January 29, 2010 December 7, 2010 (H) ► Year-end 2010 January 31, 2011 May 3, 2011 (H) June 30, 2011 September 6, 2011 (H) September 30, 2011 ► Year-end 2011 February 29, 2012 (H) July 12, 2012 (L) July 26, 2012 ► Year-end 2012 April 15, 2013 May 3, 2013 June 30, 2013 (L) ► Year-end 2013 March 14, 2014 (H) ► Year-end 2014 January 21, 2015 (H) December 3, 2015 (L) ► Year-end 2015 June 30, 2016 July 6, 2016 (H) November 8, 2016 December 20, 2016 (L) ► Year-end 2016 June 14, 2017 June 30, 2017
Goldletter International
4
Change in %
Period of change
400.00 500.00 600.00 700.00 725.25 560.75 635.75 691.40 642.10 714.75 836.50 1,030.80 853.00 977.50 740.75 918.00 692.50 865.00 989.00
+25 +20 +17 +20 -23 +14 +9 -7 +12 +17 +24 -16 +15 -24 +24 -25 25 14
(2 years) ( 3½ months) (- 1 month) (- 1 month) (5 months) (3 months) (4 months) (2 months) (2½ months) (3½ months) (2½ months) (1½ months) (2½ months) (2 months) (1 month) (2 weeks) (2 months) (-2 months)
870.00 987.00 908.50 1,020.50 1,226.10 1,104.00 1,078.50 1,426.00 1,410.25 1,327.00 1,546.50 1,505.50 1,920.00 1,619.77 1,571.50 1,788.00 1,556.25 1,618.00 1,664.00 1,352.60 1,469.25 1,192.00 1,201.50 1,385.00 1,199.25 1,298.00 1,050.60 1,062.25 1,320.75 1,370.00 1,282.35 1,125.70 1,159.10 1,275.50 1,242.00
-12 +13 -8 12 20 -10 -3 +32 +28 -6 17 -3 +28 -15 -18 +16 -13 -9 +6 -19 +9 -19 +1 +15 -13 +8 -13 -12 +24 +14 -6 -12 +3 +10 +7
(2 months) (-1½ month) (+1½ month) (2 months) (2½ months) (1 month) (1 month) (11 months) (12 months) (1 month) (3 months) (2 months) (2 months) (1 month) (4 months) (2 months) (4½ months) (5 months) (12 months) (3½ months) (1 month) (1½ months) (6 months) (2½ months) (12 months) (1 month) (11 months) (12 months) (6 months) (1 week) (4 months) (1½ months) (1½ week) (5½ months) (6 months)
June 2017
The crisis resistance of the dollar compared to gold price March 17, 2008 June 30, 2008 September 15, 2008 October 24, 2008 December 16, 2008 Year-end 2008 February 27, 2009 June 30, 2009 May 13, 2009 December 3, 2009 Year-end 2009 March 31, 2010 April 30, 2010 May 14, 2010 June 8, 2010 September 30, 2010 Year-end 2010 January 28, 2011 April 13, 2011 April 29, 2011 July 13, 2011 September 6, 2011 September 30, 2011 November 9, 2011 December 14, 2011 Year-end 2011 February 29, 2012 July 5, 2012 July 9, 2012 July 26, 2012 Year-end 2012 January 2, 2013 February 20, 2012 March 25, 2013 April 15, 2013 May 8, 2013 June 30, 2013 September 30, 2013 November 11, 2013 Year-end 2013 March 14, 2014 June 12, 2014 June 30, 2014 September 13, 2014 September 30, 2014 October 31, 2014 Year-end 2014 January 2, 2015 January 21, 2015 March 16, 2015 September 30, 2015 December 3, 2015 December 16, 2015 Year-end 2015 July 6, 2016 September 30, 2016 November 8, 2016 December 15, 2016 December 20, 2016 Year-end 2016 March 15, 2017 June 14, 2017 June 30, 2017
Goldletter International
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2)
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4) 5)
6) 7)
8) 9)
10)
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12) 13)
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15) 16)
17) 18)
5
dollar/euro
gold price
1.58 1.58 1.46 1.26 1.37 1.40 1.26 1.41 1.36 1.51 1.43 1.35 1.33 1.24 1.19 1.36 1.33 1.36 1.44 1.48 1.41 1.44 1.35 1.36 1.30 1.29 1.33 1.24 1.22 1.23 1.32 1.32 1.34 1.28 1.31 1.32 1.30 1.35 1.36 1.38 1.39 1.35 1.37 1.29 1.26 1.25 1.21 1.21 1.15 1.05 1.12 1.06 1.09 1.09 1.10 1.12 1.10 1.04 1.04 1.05 1.07 1.12 1.14
1,030.80 930.20 996.00 692.50 838.25 865.00 952.00 934.50 924.00 1,226.10 1,104.00 1,115.50 1,179.25 1,248.95 1,246.00 1,307.00 1,410.25 1,319.00 1,457.50 1,535.50 1,579.00 1,920.00 1,619.77 1,784.00 1,603.00 1,571.50 1,788.00 1,604.00 1,556.25 1,618.00 1,664.00 1,693.75
2009 high
2009 low
2010 high
2011 low
2011 high
2012 high
2012 low 2013 high
2013 low 2014 low
2014 high 2015 low 2015 high
2016 high
1,599.25 1,352.60 1,469.00 1,192.00 1,326.50 1,253.00 1,201.50 1,385.00 1,265.75 1,315.00 1,241.25 1,216.50 1,164.25 1,199.25 1,172.00 1,298.00 1,150.75 1,114.00 1,050.60 1,075.25 1,062.25 1,370.00 1,322.50 1,282.35 1,126.95 1,125.70 1,159.10 1,198.80 1,275.50 1,242.25
2008 high
2008 low
2009 high
2011 low
2011 high
2012 high 2012 low
2013 high
2013 low
2014 high
2014 low
2015 high
2015 low
2016 high
2016 low
June 2017
1) Fed funds rate lowered 0.75%-1.00% to 0.00-0.25% (ECB 2.50%) 2) ECB rate lowered 0.25% to 1.00% 3) Euro salvation package of € 750 billion ($ 955 billion) announced 4) ECB rate increased 0.25% to 1.25% 5) ECB rate increased 0.25% to 1.50% 6) ECB rate lowered 0.25% to 1.25% 7) ECB rate lowered 0.25% to 1.00% 8) ECB rate lowered 0.25% to 0.75% 9) ECB: whatever it takes to save Euro 10) ECB rate lowered 0.25% to 0.50% 11) ECB rate lowered 0.25% to 0.25% 12) ECB rate lowered 0.10% to 0.15% 13) ECB rate lowered 0.10% to 0.05% 14) Fed funds rate increase of 0.25% to 0.25%-0.50% range 15) Donald Trump elected as next US President 16) Fed funds rate increase of 0.25% to 0.50%-0.75% range 17) Fed funds rate increase of 0.25% to 0.75%-1.00% range 18) Fed funds rate increase of 0.25% to 1.00%-1.25% range
US DOLLAR INDEX The currency basket of the US dollar Index is divided in 57.6% in Euros, 13.6% in Japanese yen, 11.9% in British pounds, 9.1% in Canadian dollars, 4.2% in Swedish crones and 3.6% in Swiss francs. Since the index went up in 1995 from a long term resistance level of 80 to a high of 120 in 2001. At the time the Euro was introduced (January 1, 2001), it dropped to a low of 72 in March 2008, but was then followed by a strong upward correction to $ 87 well above the historic resistance level. After a new downward correction to 74 in early December 2009, from the second half of 2011 into 2012 there was another strong recovery to above the 80 level and reaching a high of 84 in August 2012. Since then, the index has moved in a relatively stable range before moving up strongly in the course the second half of 2014. In the wake of the European Central Bank’s decision to launch an aggressive quantitative easing plan to buy € 60 billion in bonds from March 2015 until March 2016 every month, the purchase volume was increased to $ 80 billion a month as of April 2016 until the end of March 2017. In the last week of January 2015 the index reached a high above 100 for the first time since 2003. Currently 99.2.
Goldletter International
6
June 2017
THE COURSE OF THE DOLLAR AGAINST OTHER CURRENCIES 1 US$ =
Year-end 2007 June 30, 2008 September 30, 2008 Year-end 2008 March 31, 2009 June 30, 2009 September 30, 2009 Year-end 2009 March 31, 2010 June 30,2010 September 30, 2010 Year-end 2010 June 30, 2011 September 30, 2011 Year-end 2011 March 30, 2012 Year-end 2012 June 30, 2013 September 30, 2013 Year-end 2013 June 30, 2014 September 30, 2014 Year-end 2014 September 30, 2015 Year-end 2015 September 30, 2016 Year-end 2016 June 30, 2017
Dollar against other currencies in % year-to-year 2009 / 2010 year-to-year 2010 / 2011 year-to-year 2011 / 2012 year-to-year 2012 / 2013 year-to-year 2013 / 2014 year-to-year 2014 / 2015 year-to-year 2015 / 2016 year-end 2016 / June 30, 2017
Goldletter International
7
Euro
Yen
RMB Rupee
(00)
(00)
0.68 0.63 0.69 0.71 0.76 0.71 0.68 0.69 0.74 0.82 0.73 0.75 0.69 0.74 0.77 0.75 0.76 0.77 0.74 0.73 0.73 0.79 0.82 0.89 0.92 0.89 0.95 0.88
112 106 106 90 97 96 90 92 93 89 84 82 81 77 77 82 86 99 98 105 101 109 120 120 120 101 116 112
Euro
Yen
9 3 -2 -4 13 12 4 -7
-11 -6 12 22 14 0 -3 -3
7.31 6.87 6.86 6.85 6.85 6.84 6.84 6.82 6.82 6.79 6.68 6.59 6.46 6.39 6.35 6.32 6.30 6.17 6.14 6.11 6.16 6.15 6.14 6.35 6.49 6.67 6.95 6.78
C$
39.43 42.85 47.35 49.72 52.17 48.64 48.34 46.75 45.00 46.46 44.87 45.32 45.33 49.62 54.28 52.10 54.69 59.59 62.70 61.77 59.94 61.48 63.59 66.13 66.20 66.46 67.84 64.55
0.98 1.01 1.04 1.22 1.25 1.16 1.09 1.05 1.02 1.05 1.03 1.00 0.98 1.03 1.02 1.00 1.00 1.05 1.03 1.07 1.06 1.12 1.16 1.34 1.39 1.31 1.35 1.30
RMB Rupee
Cdn$
-3 -4 -1 -3 0 6 7 -2
-3 20 1 13 3 4 2 -5
June 2017
-5 2 -2 7 9 20 -3 -4
A$ SA Rand
1.14 1.04 1.22 1.45 1.46 1.24 1.15 1.10 1.09 1.17 1.03 0.98 0.94 1.02 0.98 0.97 0.96 1.09 1.07 1.13 1.06 1.15 1.23 1.43 1.37 1.30 1.38 1.30
6.85 7.96 8.20 9.46 9.72 7.88 7.43 7.40 7.37 7.63 6.95 6.63 6.83 7.90 8.12 7.70 8.47 9.87 10.06 10.49 10.58 11.26 11.60 14.02 15.39 13.69 13.65 12.95
A$ SA Rand -11 0 -2 17 9 12 1 -6
-10 22 4 24 11 33 -11 -5
Overview gold prices versus HUI-Index Gold price Change
HUI-Index
in %
Change in %
2017
Goldletter International
June 30 May 31 April 28 March 31 February 28 January 31 2016 December 31 December 13 November 30 October 31 October 7 September 30 August 31 July 29 July 6 (high) June 30 May 31 April 28 March 31 February 29 January 31
2017 2017 2017 2017 2017 2017
1,242 1,266 1,266 1,245 1,256 1,213
-2 0 2 -1 4 5
185.71 192.51 191.93 197.23 196.09 207.45
-4 0 -3 1 -5 14
2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016
1,159 1,157 1,178 1,272 1,259 1,323 1,309 1,342 1,370 1,321 1,212 1,286 1,237 1,235 1,113
0 -2 -7 1 -5 1 -2 -2 4 9 -6 4 0 11 5
182.31 178.46 178.08 212.28 199.26 231.14 221.68 274.32 271.75 246.60 201.32 233.46 178.24 167.49 120.80
2 0 -16 7 -14 4 -19 1 10 22 -14 31 6 39 9
Year-end
2016 2015 2014 2013 2012 2011 2010 2009 2008
1,159 1,062 1,199 1,202 1,664 1,572 1,410 1,104 865
9 -11 0 -28 6 11 28 28
182.31 111.18 164.03 197.70 444.20 498.73 573.32 429.91 302.41
64 -32 -17 -55 -11 -13 33 42
8
June 2017
Market valuation of the world's top-20 listed gold producers 30 June 2017
Trading symbol
Share price
Change
Current
Year-end
2017
2016
in %
High
Low
12 month
Shares
Market capitalization
issued
local currency
million
(billion)
US$ billion
►Traditional countries (13): Canada (5)
TSX - in Cdn$
Cdn$
US$ billion
Barrick Gold
ABX
20.63
21.49
-4
30.45
18.52
1,165.8
24.1
18.4
Goldcorp
G
16.72
18.28
-9
26.56
15.95
864.9
14.5
11.1
Agnico-Eagle Mines
AEM
58.48
56.45
4
78.35
46.91
231.7
13.5
10.4
Kinross
K
5.27
4.19
26
7.56
3.87
1,246.9
6.6
5.0
IAM Gold
IMG
6.69
5.19
29
7.65
4.18
464.6
3.1
2.4
Subtotal
46.9
South Africa (4)
LSE - in £
Randgold Resources
RRS
£ 68.05
64.15
6
98.20
54.10
94.0
JSE - in Rand
6.4
8.3
Rand
AngloGold Ashanti
ANG
12.80
15.26
-16
31.78
12.43
409.4
52.4
3.7
Gold Fields
GFI
44.93
43.59
3
91.30
36.80
821.5
36.9
2.6
NYSE - in US$ Sibanye Gold
1)
SBGL
US$ 4.63
7.06
-34
14.01
4.11
531.5
2.5
Subtotal
2.5 17.1
USA (1)
NYSE - in US$
Newmont Mining
NEM
Australia (3)
ASX - in A$
Newcrest Mining Evolution Mining Nothern Star Resources
US$ 31.59
34.07
-7
46.07
30.19
533.2
16.8
16.8
NCM
20.16
20.25
0
27.20
16.35
767.1
15.5
11.8
EVN NST
2.41 4.75
2.12 3.62
14 31
3.05 5.85
1.61 2.97
1,683.0 600.5
4.1 2.9
3.1 2.2
A$
Subtotal
17.1
►Emerging countries (7) : Russia (2)
OTC US in US$
Polyus Gold International 2)
OPYGY:US
US$ 35.25
36.32
-3
40.00
32.95
255.1
LSE - in £ Polymetal International 3)
POLY:LN
9.0
0.86
0.86
0
1.19
0.71
430.1
3.7
Subtotal Hong Kong / Shanghai - in HK$
Zijin Mining 4)
2899 / 601899
2.58
HK$ 2.50
3
3.18
2.32
21,541.0
55.6
Subtotal
7.1 7.1
Peru (2)
TSX - in Cdn$
Tahoe Resources
THO
Cdn$ 11.18
12.65
-12
22.13
9.58
312.5
NYSE - in US$ BVN
3.5
2.7
US$ 11.50
11.28
2
16.45
9.87
274.9
3.2
Subtotal
3.2 5.9
Brasil (1)
TSX - in Cdn$
Yamana Gold
YRI
Nicaragua (1)
NYSE - in US$
B2Gold
BTG
Cdn$ 3.13
3.77
-17
7.87
3.09
948.1
2.81
2.37
19
3.65
2.02
977.1
3.0
2.3
US$
Subtotal Traditional countries
2.7
2.7 97.9
Subtotal Emerging countries
31.8
Total
129.7
1) also gold prducer in Greece and China 2) combination of Kazak hGold with Polyus Gold 3) also producing gold mine in Kazak hstan 4) integrated mining company; 15,803.8 million domestic A-shares + 6008.2 million H-shares
Goldletter International
4.8 13.8
China (1)
Minas Buenaventura
9.0
£
9
June 2017
Market valuation of gold companies ($ 500 million plus) 30 June 2017
Trading symbol
►Traditional countries (7) :
Share price
Change in %
High
Low
12 month
Shares
Market capitalization
issued
local currency US$ billion
Current
Year-end
2017
2016
4.56
4.56
0
7.29
3.78
321.7
(billion)
USA (1)
US$
Novagold Resources (also Canada)
NG
US$
Canada (4)
TSX - in C$
New Gold
NGD
4.12
4.71
-13
7.87
3.11
576.1
2.4
1.8
Osisko Mining
OSK
4.10
2.44
68
5.65
2.03
186.4
0.8
0.6
Detour Gold
DGC
15.18
18.29
-17
35.93
14.35
174.7
2.7
2.0
Australia (1)
ASX - in A$
Regis Resources
RRL
3.78
2.97
27
4.32
2.28
501.0
3.44
4.32
-20
6.71
3.21
716.8
1.5
1.5
C$
A$ 1.9
1.5
►Emerging countries (7): Turkey (1) Eldorado Gold
TSX - in Cdn$ 1)
ELD
Cdn$ 2.5
1.9
Mexico (2)
TSX - in C$
Torex Gold
TXG
24.73
20.79
19
35.17
17.05
79.8
C$ 2.0
1.5
Alamos Gold 2)
AGI
9.20
9.26
-1
13.65
7.86
299.1
2.8
2.1
China (1)
TSX - in C$
China Gold International Resources
CGG
1.98
1.98
0
3.67
1.82
396.4
Mongolia (1)
TSX - in C$
Centerra Gold (also Kyrgyzstan)
CG
7.08
6.29
13
8.32
5.56
291.3
West Africa (1)
TSX - in C$
Endeavour Mining 3)
EDV
22.38
20.06
12
28.81
17.37
96.5
2.2
Tanzania (1)
London - in £
Acacia Mining 4)
ACA
2.98
3.74
-20
6.15
2.50
410.1
1.2
C$ 0.8
0.6
C$ 2.1
1.6
C$ 1.7
£
Total valuation in US$ billion
1.6
18.4
1) largest individual proucer of gold from South Africa; entered into a definitive agreement to acquire Stillwater Mining, the only US miner of platinum group metals, for US$ 2.2 million 2) merger with AuRico Gold finalized on July 2, 2015 3) operating four West African mines in Côte d"Ivoire , Mali , Burk ina Faso and Ghana ; completed acquisition of True Gold (gold prducer in Burk ina Faso) as of April 26, 2016 4) formerly African Barrick Resources
source: Goldletter International
Goldletter International ● a publication by Metal Commodities Investment Platform, the Netherlands ● Marino G. Pieterse, Publisher and Editor ● Information and investment comments are independently and thoroughly researched and believed correct. No guaranty of absolute accuracy can be given however. ● Investment decisions are fully made for own risk ● tel.: +31-251-828247 ● Chamber of Commerce 58330445 ● www.metalcommodities-ip.com ● e-mail: marino.pieterse@metalcommodities-ip.com