This paper assesses whether the market valuation of gold mining firms contain a premium for the option to close. Tests of whether observed market values incorporate operating flexibility is central to our understanding of the processes that drive market values and has implications for the...

Earnings from gold mining in Australia remained tax-exempt for almost seven decades until January 1, 1991. In the early 1980s, rapid economic prosperity induced by escalated gold prices brought the Australian gold-mining industry under intense political scrutiny. Using a variant of the modified...

Since the early 1990s, the extractive industries have increasingly valued corporate social responsibility (CSR) in the communities where they operate. More recently, these industries have begun to recognize the importance of adapting CSR efforts to unique local contexts rather than applying a...

One of the major gold mining regions in Romania is part of the gold rectangle in the Apuseni Mountains and lies around the town of Brad. It is here that the ”Ruda 12 Apostoli” Mining Association of cuxas was established at the end of the XVIIIth century. This association was to become the...