Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.
The Premier of Western Australia, the Honourable Mark McGowan MLA, unveiled a $1.8 million one-of-a-kind coin collection crafted by The Perth Mint this week.
The Australian Trilogy celebrates a selection of the nation’s natural treasures and is the Mint’s most significant numismatic release for 2017.
The Gold Industry Group has released results from a study conducted by Deloitte Access Economics into the gold industry, revealing its significant contribution to Australia’s history, economic development and social advancement.
“From the 1850s, the demand for gold has helped grow, sustain and define Australia,” said Deloitte Access Economics Partner Matt Judkins.
The 2017 Ramelius Resources Passages Race Day raised more than $87 000 for the Passages Resource Centres, which help young people to get off the streets and adopt safer, healthier lifestyles.
Ramelius Resources were proud to be the major sponsor of the event for the third year, to support marginalised or homeless youth.
The Gold Industry Group recently hosted an event with Deloitte to welcome their senior mining leaders from around the globe, from 12 cities in eight countries, to Perth as part of their global mining summit.
Around 100 Gold Industry Group members, Deloitte mining leaders and clients attended the networking event at The Perth Mint to discuss the future of mining, both here and globally.
On the last Saturday in April, the children from GIFSA’s Saturday Morning Club visited Norton Gold Fields' Janet Ivy Mine located on the outskirts of Kalgoorlie-Boulder, Western Australia.
The Gold Industry Group (GIG) is pleased to announce a new community partnership with mental health charity LIVIN, aimed at raising awareness of mental health and changing the way the mining industry and society understands, perceives and interprets mental illness.
We are coordinating a GIG LIVIN Tour with members and the Goldfields community next month, from 12-19 June.
When we talk about the correlation in prices for assets traded in financial markets we are referring to how closely those prices mimic each other.
Highly correlated assets tend to move in the same direction most of the time. A good example is the shares in our four major banks, which tend to move in unison most days, unless there is some news (either good or bad) that only affects one of the companies.
Gold Fields' Nick Holland recently took the stage at the Sydney Mining Club to give an insight into the gold miner’s growth profile and significant investments in Australia.
Being a traditional banking and finance hub, Sydney offers a fertile field of institutional investment firms open to one-on-one meetings with reputable executives spruiking quality projects while they are in town.
Gold has retained a hallowed place in the history of the Australian resources sector and beyond for generations, and its central part in Western Australia’s past is both colourful and fascinating.
However, the story is far from over, and the importance of this rarest of precious metals in today’s economy can be seen with more than 70% of the nation’s overall gold production coming from WA. If WA was a country, it would be the 5th largest gold producer in the world.
The value of a gold miner is based on the gold price but provides the investor with the opportunity to achieve a return in excess of the rise in the price of gold.
Recent investor articles have focused on investment in gold, be it physical or other products liked to the gold price. Those looking for exposure to gold prices can also invest in the producers of the gold itself.
Medic by day, photographer by night. Not only does Ian Beattie look after the well-being of fellow employees at Ramelius Resources' Mt Magnet Gold Mine and the local community, he captures the history of Mount Magnet after dark.
We spoke to Ian about some of our favourite photographs that will take you back in time to Mount Magnet's golden past.
The most common question first-time gold buyers ask is whether they should buy a coin or bar.
However, there are a wide range of options beyond just coins and bars, and here are the key options.
Our newest member, the Western Australian School of Mines’ Alumni (WASMA), hosted a lunch at Kings Park last month to recognise the 2017 WASM graduates.
More than 50 industry and government representatives were in attendance to congratulate the 44 graduates in the core disciplines of Mining Engineering, Geology, Metallurgy and Surveying.
When you are thinking of buying gold the first thing you should consider is where you are going to store your gold, as it affects what form of gold you may buy as well as who to buy it from.
There are three main ways to store gold.
In 1896, if you opened the door of Boulder Block Hotel and stepped inside, would you expect to find gold?
Yes, there is a story to be told about the secret goings-on at the Boulder Block Hotel. The underground miners of The Golden Mile were “on the gold”, and some of them were said to be selling the gold on the sly at the infamous pub before the whistle blew for the end of shift.
Ramleius Resources Limited certainly picked a fitting mascot for its name. The story begins in Germany, over 1000 years ago. Rammelsberg is a mountain located on the northern edge of the Harz range, south of the historic town of Goslar in the North German state of Lower Saxony.
Rammelsberg Mines, also known as “The Thousand Year-old Mine” - was the longest operating base metal mine in the world! It opened in the 10th century and operated uninterrupted for over 1000 years.
Mining Non-Executive Director and champion for diversity, Sharon Warburton, is the second woman to join the Gold Industry Group (GIG) Board as a Director, following the appointment of Gold Fields Australia Vice President of Legal and Compliance, Kelly Carter, to Vice Chairperson in November 2016.
GIG Chairperson and Perth Mint Chief Executive Officer, Richard Hayes, said he was thrilled to welcome Ms Warburton and Ms Carter to the team.
The Gold Industry Group recently spoke to BGC Contracting's Communities & Diversity Manager Sarah Eatough on how she is helping to facilitate greater diversity across the business and in the community.
“Fly Flat” doesn’t sound like a prestigious or auspicious name for a place that started a gold rush boom. But on the outskirts of Coolgardie in Western Australia, the flat country with sparse gum trees was rich with alluvial gold, and changed the fortunes of a nation.
In 1892, two prospectors, Arthur Bayley and William Ford found over five hundred ounces of gold at Fly Flat. At today’s gold price, the horde would be valued at over half a million dollars.
