Stronger gold value raises universal ETF inflows – WGC

collected by :kiven Dixter

VANCOUVER (miningweekly.com) – universal gold-backed exchange-traded funds (ETFs) added 22.5 t of gold during March, increasing their holdings to two 415 t valued at $102.8-billion, information provided with the World Gold Council (WGC) on Thursday shows. The zone dominated universal inflows, adding 21.5 t, or 1.7% of assets under management (AUM), valued at $917-million, to their holdings during March. AdvertisementAsian volumes totalled 3.1 t, or 3.5 of AUM, valued at $141-million. Bosera Gold, in China, continues to dominate Asian flows, adding 1.9 t, valued at $81-million, or 17% AUM, in the month. Gold Bullion Securities, in London, continues to lead Eu & universal outflows losing 1.5 t, valued at $61-million, & that accounts for 1.7% AUM.

Soft gold value hits Sibanye executives

The cash remuneration participate shares from the three-year long-term incentive scheme, salaries & cash bonuses for meeting KPIs. The Corporation paid R200m cash remuneration for executives in 2016. James Wellsted, the Sibanye spokesperson, told compared by 2017, the group had benefited from the firmer gold value in 2016, that helped the share value to earn momentum. "For example, the gold value was perfect in 2016, that helped the share price. Stillwater has transformed from a gold Corporation focused on gold mines in South Africa into the world's second-biggest platinum & palladium producer.

Iamgold chief executive officer sees gold value hight as world fails to replace production

as informed in Gold bullion prices likely going to height due to a lack of exploration & a failure to replace the reserves which have been mined, Iamgold (IAG +0.8% ) Stephen Letwin tells Bloomberg. IAG wants to promote gold produce to 1.35M oz. currently, out of further exploration near existing mines & with ramping up its Westwood operation in Canada, Letwin says, adding which all-in sustaining costs ought to down to ~$800/oz. The chief executive officer tells IAG spends ~$45M/year on exploration & isn't looking into acquisitions unless they are extremely compelling; he tells the Corporation has other development & exploration projects which probably come on stream from 2021. ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, OUNZ, DZZ, DGL, DGLD, DGZ, GYEN, BAR, GEUR, GLDW, GHS, UBG, QGLDX, GHE