The dubious Salt Lake Stock and Mining Exchange closed in 1986.
"He came in to my shop at 12:30 p.m. on Wednesday and had a grin from ear to ear, " Cordell Kent, owner of The Mining Exchange Gold Shop, told CNN.
With a sluggish recovery underway in Europe and North America and emerging markets enjoying unprecedented growth, metal prices are set to raise even further, making metals and mining-sector exchange traded funds potentially lucrative options.
The biggest holding in the Midas Fund is London Stock Exchange-based Avocet Mining (AVM), which Winmill said is transitioning to become a bigger mining company.
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Speaking at the Paydirt Africa Down Under conference in Perth, the Department of Foreign Affairs and Trade secretary Dennis Richardson said the number of Australian mining firms listed on the stock exchange and operating in Africa had jumped from 54 in 2003 to more than 160 this year.
But this week the path forward may have been found by one of the most unlikely and ridiculous gold mining firms ever to trade on an exchange.
The world's largest tin-mining company is positioned primarily as a foreign exchange play.
An exchange-traded fund exists for mining stocks, too: Market Vectors Gold Miners.
An emerging face of irresponsible capitalism in Africa, Dan Gertler took his family's fortune in diamonds (his grandfather was the first president of the Israeli Diamond Exchange) and invested it in mining assets in the Democratic Republic of Congo.
Born in Chicago, he bought into penny mining stocks and pitched them on the Vancouver Stock Exchange--until prospectors of his Diamond Fields Resources looking for diamonds in Voisey's Bay, Newfoundland happened upon a vast nickel deposit.
But with the dollar-rand exchange rate now at near 8 rand, mining companies in South Africa would receive around 12, 000 rand an ounce, Tremblay said.
FORBES: Analysts: Too Soon For Platinum Tumble To Hurt Output, But 'Something...To Keep An Eye On'
Brazil is the largest national economy in Latin America, the world's tenth largest economy at market exchange rates and is big in agriculture, mining, manufacturing and service sectors.
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Mining firms make up almost a fifth of the local exchange's market capitalization, and the city has become a magnet for smaller companies, which can be more-acutely affected by the volatility of the commodities cycle.
Avoid single stock risk by trading and investing in exchange-traded funds based on industrial metals and mining.
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The Canadian stock exchange is bulging with early, mature and venerable mining plays.
The remaining 51% is held by Hochschild Mining, a Peruvian group that's listed on the London Stock Exchange.
Also, several news sources have recently noted that the PRC has purchased controlling stakes in much of the North's mining industry, which is crucial to the North's access to foreign exchange.
Guido went on to acquire other mining interests and later formed Assore Group, which listed its shares on the Johannesburg Stock Exchange more than 60 years ago.
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The rising popularity of gold-bullion exchange-traded funds has taken away investment dollars that might otherwise have flowed into mining stocks.
The mining companies point out the huge benefits the project brings in terms of employment, tax revenue and foreign exchange.
While platinum prices have fallen in dollar terms over the last few months, fluctuations in the foreign-exchange rate between the U.S. dollar and South African rand have actually meant South African mining companies are effectively receiving a higher payment for their metal, Tremblay said.
FORBES: Analysts: Too Soon For Platinum Tumble To Hurt Output, But 'Something...To Keep An Eye On'
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