Life in the world of gold bullion is full of mysteries. Each mystery is like a straw in the wind, which individually means little, but tempting us to speculate there’s a greater meaning behind it all. Yes, there is a far greater game in play, taking Kipling’s aphorism to a higher level. One of those… Read More
Mali gold exports increase by 15.4% to 61.63 tonnes in 2018, up from 53.4 tonnes in 2017, National Institute of Statistics says, mostly owing to stronger industrial production. * Value of gold exported in Mali increased to 1.46 trillion CFA francs ($2.40 billion) last year, from 1.28 trillion CFA francs the previous year. * Almost… Read More
MUMBAI/BENGALURU – Gold prices in India flipped into premiums this week on firmer demand in the domestic market, while buyers in top consumer China took advantage of weaker bullion prices and stepped up purchases. In India, dealers charged a premium of about $1 an ounce over official domestic prices. That contrasted with last week when… Read More
May 24, 2019 by SchiffGold 0 0 Did you know the Kentucky state flower is the goldenrod? Also, did you know goldenrod is a weed? It just goes to show that everything that’s gold doesn’t necessarily glitter. Now, you might be wondering to yourself, “self, what does this have to do with anything?” Well, if we’re being honest… Read More
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia. In a press release, Havilah said the decision secures the company’s right to mine Kalkaroo. However, the firm still needs to obtain… Read More
Max Resource (TSXV: MXR) reported this week the first assays from its 10-week exploration program underway at the North Chocó copper-gold project, located 80 kilometres southwest of Medellín, Colombia. Among the highlights of the campaign, Max informed that seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold and, of those… Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Friday dismissed reports indicating it was mulling the acquisition of an idled gold mine in Zimbabwe, emphasizing it was not currently interested in any mergers or acquisitions. Chief executive, Clive Johnson, reiterated B2Gold’s long-term growth strategy by saying that in addition to developing its existing pipeline of projects, the company… Read More
Gerald Celente gives us more insight on why the precious metals are struggling, why he recently changed his economic forecast and also shares why he believes a continuation of the rising tensions in both Venezuela and the Middle East could lead to a spike in oil prices that the world simply cannot afford. Source:… Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up the top trends forecaster Gerald Celente of the Trends Journal joins me to discuss a myriad of topics. Gerald gives us more insight on why the precious metals are struggling, why he recently changed his economic forecast and also shares why he believes… Read More
Toronto-based Iamgold has released the latest results from the winter drill program at its Lac Gamble zone at the Rouyn gold project 4 km south of the town of Rouyn-Noranda. The project is optioned from Yorbeau Resources. Highlighted results: Hole GA-19-682: 12.0 metres grading 3.56 g/t gold, including 0 metres grading 5.33 g/t; Hole GA-19-690:… Read More
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine — if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation said. If a transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200… Read More
Ongoing stoppages at Newmont Goldcorp Corp’s Penasquito gold mine in Mexico are costing both public coffers in the country and the company “millions”, a senior Mexican official said on Thursday. Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said that he wanted a solution to the dispute at… Read More
Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country’s struggling economy. The concession comes just over a year after President Emmerson Mnangagwa’s government signed an agreement with Cyprus-based Karo… Read More
South Africa’s Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.’s takeover of Lonmin Plc, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting in London, the PIC’s… Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year. The Toronto-based miner also said operations will be in charge of Jack Henris, who has years of experience in mine management, having worked at… Read More
A Naturalist Exposition of Gold’s Manifest Superiority to Bitcoin as Money Introduction The purpose of this paper is to formally address public statements and representations made by Grayscale Investments, LLC (“Grayscale”) and its principal, Barry Silbert, beginning on or about May 1, 2019, through an advertorial campaign entitled: “DropGold,” which was ostensibly designed to educate… Read More
A Naturalist Exposition of Gold’s Manifest Superiority to Bitcoin as Money Introduction The purpose of this paper is to formally address public statements and representations made by Grayscale Investments, LLC (“Grayscale”) and its principal, Barry Silbert, beginning on or about May 1, 2019, through an advertorial campaign entitled: “DropGold,” which was ostensibly designed to educate… Read More
Dunnedin Ventures (TSXV: DVI) announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project in Mohave County, Arizona, from Bluestone Resources. Mohave is a 10-square-kilometre property located in the mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran’s Bagdad copper porphyry mine. According to… Read More
May 23, 2019 by SchiffGold 0 0 Russia once again added to its growing gold reserves in April, buying another 15.55 tons of the yellow metal. According to a press release from the Central Bank of Russia, it now holds 2,183.46 tons of gold. Russia has expanded its gold holdings by 71.53 tons through the first four months… Read More
Brexit has been a long, drawn-out saga. But finally, Theresa May’s indecision appears to be coming to an end. She has finally been cornered in a tragic opera with more twists and turns than Wagner’s Ring Cycle. May’s Götterdämmerung is reaching its conclusion. Brünnhilde is riding Grane, her trusty steed, into immolation on the funeral… Read More