Tag: gold outlook

In the Spotlight: Matsa Resources

In the Spotlight: Matsa Resources

Images: Matsa Resources BY: JESSICA CUMMINS WITH the commencement of mining operations at its Red Dog gold mine in the Goldfields in September, junior mining company Matsa Resources has ambitions to become a large gold producing company. Jessicia Cummins spoke with Matsa Resources executive chairman Paul Poli about the miner’s plans for the near-term and its partnership with AngloGold Ashanti. Q. How does it feel to now be mining at Red Dog, and how do you respond to those that may scoff at something this size? Last year we mined the Fortitude trial pit which was the precursor for us to go to the full scale of stage two mining at Fortitude, which we hope to kick off early next…

Commodity Focus: Gold

Commodity Focus: Gold

BY ELIZABETH FABRI THE gold price may have slumped; but this hasn’t dampened the spirits of Australian gold producers with the big players posting record profits, and a new cohort of conglomerate-focused explorers making moves in the Pilbara. In January gold prices were hovering at a peak of $US1362 per ounce on the back of a turbulent year for US politics and weakening US dollar. Australian gold producers, which benefit strongly from the AU/US exchange rate, were widely optimistic for the year ahead. But over the last eight months, gold prices have taken a dive, plummeting to lows of $US1176/oz mid-August, in line with a rising US dollar and inflation-adjusted interest rates. Australia’s biggest gold players weren’t complaining though; Saracen,…