Closing Market Prices: 17 May 2013. Sedar updates as available at market close.
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Using the most recently available quarterly production reports, the gold and silver stocks listed on the TSX/TSXv are reporting production totals on a rolling 4 quarters of:
Gold: 31.36M ounces (1,075.20 tons or 975.41 tonnes), a 0.6% change over the 4 quarters ending at the prior quarter. Companies listing on the TSX/TSXv account for 37.4% of the world's gold production, based on annual world gold production figures given by the World Gold Council: Gold Demand Trends Full year 2012, February 2013.
Silver: 166.32M ounces (5,702.40 tons or 5,173.13 tonnes), a -1.2% change over the previous 4 quarters ending at the prior quarter.
The running totals for new quarterly production reports since 1 April 2013, along with the changes on a Quarter on Quarter (QoQ) basis, for TSX/TSXv Gold and Silver producers is:
| # Producers Reporting |
Gold Produced Latest Q Report |
QoQ Gold Δ |
Silver Produced Latest Q Report |
QoQ Silver Δ |
|---|---|---|---|---|
| 86 of 117 | 7,699,855 oz 264.0 tons 239.5 tonne |
-6% | 36,237,331 oz 1,242 tons 1,127 tonne |
-9% |
The quarterly gold production, quarter to date, by TSX/TSXv miners equals approximately 36.7% of the estimated world gold production in the quarter and is an early indicator on the growth in gold production on a Q1, 2013 over Q4, 2012 basis.
Gold reserves and resources for TSX/TSXv listed companies with at least 12.5% of their in situ metal values from gold:
Metric |
Gold Reserves
|
Gold Resources
|
|---|---|---|
Gold Producers |
23353 | 49992 |
Gold Developers |
3833 | 16657 |
Gold Explorers |
1532 | 14061 |
Gold Explorers |
19 | 5773 |
All Gold Equities |
28739 | 86485 |
Based on gold production rates reports over the last 4Q, TSX/TSXv gold producers have 21.5 years of gold reserves.
Silver reserves and resources for TSX/TSXv listed companies with at least 12.5% of their in situ metal values from silver:
Metric |
Silver Reserves
|
Silver Resources
|
|---|---|---|
Silver Producers |
179148 | 434338 |
Silver Developers |
41581 | 150416 |
Silver Explorers |
6536 | 48609 |
Silver Explorers |
862 | 51364 |
All Silver Equities |
228128 | 684729 |
Based on silver production rates reports over the last 4Q, TSX/TSXv silver producers have 33.6 years of reserves.
The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).
Type of Equity |
Producers
|
Developers
|
Explorers
|
Explorers
|
|---|---|---|---|---|
Enterprise Value |
$44 | $16 | $2 | $9 |
Estimated Discovery Cost |
$11 | $1 | $22 | |
Net Working Capital |
$23,253M | $1,254M | $579M | $966M |
TSX/TSXv company may appear at most one time in the following table. Companies without a gold/silver resource (generators, historic and grass roots) are included on the basis of qualitative assessment of descriptions published in quarterly financial statements.
| Category | # of Companies in Category |
|---|---|
Gold/Silver Streaming and Royalty Companies |
10 |
Gold/Silver Producers |
117 |
Gold/Silver Developers |
112 |
Gold/Silver Explorers |
269 |
Gold/Silver Generator Model Companies |
30 |
Gold/Silver Explorers with Historic Resource |
28 |
Gold/Silver Grass Roots Explorers |
573 |
Total Companies Listed in Sedar.com |
~30,000 |
Note 1: All TSX/TSXv listed companies are required to file in Sedar.com. However, Sedar.com companies include current companies, companies that no longer file (i.e. as a result of take over, merger, re-organization, bankruptcy, etc.), CNDX companies (Canadian over the counter market listings), and companies listed on foreign exchanges (e.g. US OTC, London, etc.) that have some connection with Canadian investors.
Note: Shanghai Gold Exchange (SGE) metrics have been consolidated here.
In the wake of the global financial crisis of 2008, which has led to quantitative easing ad infinitum, massive currency devaluation, currency wars and now the prospect of bank holidays as per Cypress, it is time to re-examine the rationale behind Canadian monetary policy prompting the sale of gold from our central reserves.
According to a newspaper account March 18/13, the federal government actually sold 83,339 ounces of gold in December, leaving Canada's holdings at a mere 599,000 ounces (18.3 tonne), down from about 21 million ounces (653 tonnes) in 1980. As of April, 2013 the World Gold Council reported Canada held 3.2 tonnes, less than any G20 country and ranks 86 out of 100 countries (and organizations).
It will take us years to return our gold reserves to the level they were 40 years ago.
Government of Canada: Stop selling, rebuild gold reserves in line with G20 peers.
If you agree, then please sign my petition at change.org.
TSX/TSXv gold and silver market sentiment chart was last updated with 3 May 2013 market close data. Next update scheduled for the 31 May 2013 close. See TSX/TSXv Gold and Silver Producer Market Sentiment for weekly discussion as well as the general inputs used in computing Market Sentiment (specific algorithm details are offered for sale on an exclusive basis to the first interested party -- once sold the Market Sentiment will no longer be provided here).
Select Friday's news headlines from the 1,592 mining stocks (producers, developers, explorers, base metal producers plus a few of the capital pool companies) GoldMinerPulse tracks:
View more of Friday's news headlines here. Our news headlines update each TSX/TSXv trading day, typically mid morning and then several times during the trading day.
Tipping Point for the Gold Mining Industry, October, 2012
B.C. Aboriginals challenge Canada-China Foreign Investment Promotion and Protection Agreement (FIPPA) in Federal Court - the start of a new round of #IdleNoMore protests? Download the full Report on Trade and Mining In Canada, Issue 003, Feb. 5/13. Please submit questions, comments to the author, Leo Biblitz, at Seeking Alpha.
King World News -- Succinct, informative interviews with industry leaders on precious metals and the global events that influence trade and commodities. A must-follow for gold/silver investors!
Abnormal Returns -- A uniquely wide-ranging, forecast-free investment blog by Tadas Viskanta, a private investor for 20 years living in the American midwest. An excellent counter-point to King World News.
On Facebook Miners at the Commish -- Regular updates on Canadian securities rules and regulations affecting the mining sector.
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