"Donlin Gold Project
Novagold's Donlin Gold project, which the company owns equally with Barrick, is a Tier One gold development project. The project boasts approximately 39 million ounces of gold with an impressive grade for an open pit project of 2.24 grams per tonne in Measured and Indicated Mineral Resources including Proven and Probable Mineral Reserves, and a projected mine life over 27 years. The project is located on private land designated by law for mining in Alaska, making it an extremely appealing investment for those seeking peace of mind."
Boing X 2
Gold Off One-Month Lows As U.S. Dollar, Yields Retreat
PUBLISHED WED, AUG 9 2023
On display at Agosi AG in Pforzheim is a gold bar that weighs 12.5 kilograms (400 ounces), has a fine gold content of 99.99 percent and lies on gold granules.
Uli Deck | Picture Alliance | Getty Images
Gold prices bounced back on Wednesday from one-month lows hit in the previous session, as the dollar and bond yields weakened a day ahead of the release of U.S. consumer price data that could build the case for or against further interest rates hikes.
Spot gold was up 0.1% at $1,926.09 per ounce, having dropped to its lowest since July 10 at $1,922 on Tuesday. U.S. gold futures was flat at $1,960.
“For a sustained recovery (in gold), we believe the market will need to see increased certainty on 2024 U.S. rate cuts,” said Baden Moore, head of carbon and commodity strategy at National Australia Bank.
“We continue to be cautious on the outlook here as Fed rate-cut expectations continue to face risks of deferral or reduction,” Moore said, adding that U.S. CPI, initial jobless claims and ISM data were key market indicators in focus along with China stimulus.
Data earlier showed China’s consumer prices fell into deflation in July as the world’s second-largest economy struggled to revive demand and pressure mounted on authorities to release more direct stimulus.
Gold, which is usually seen as a hedge against economic risks, was also supported by renewed worries about the health of the world’s largest economy after ratings agency Moody’s downgraded several U.S. lenders.
Longer-dated U.S. Treasury yields fell in response, making non-interest-bearing bullion more attractive. The dollar index was also off Tuesday’s high, down 0.2%.
“With safe-haven flows remaining elusive, the precious metal will be relying on a dip from the U.S. dollar if it is to mount a move to the upside,” Tim Waterer, chief market analyst at KCM Trade, said in a note.
Gold Rate Today: Prices Recover On Slowing US Jobs Growth, Trade Near $1940 Per Ounce
MONEYCONTROL NEWS-AUGUST 07, 2023
Market participants are now closely watching the US CPI data, a significant gauge of inflationary pressures. Fluctuations in CPI often correlate with changes in gold prices as the precious metal is often sought after as a hedge against inflation. Investors are also looking forward to the release of inflation and trade data from China
The lower-than-expected economic data prompted investors to turn to the safe-haven metal.
Gold kicked off the new week on a positive note, surpassing the $1940 an ounce mark. The uptick came on the back of the dollar's strong performance, which rose after the US added 187,000 jobs in July, slightly below the estimated 200,000.
The lower-than-expected economic data prompted investors to turn to the safe-haven metal. Moreover, this ascent follows a one percent dip in gold prices the previous week.
Moving forward, market participants are now closely watching the US consumer price index (CPI) data, a significant gauge of inflationary pressures. Fluctuations in CPI often correlate with changes in gold prices as the precious metal is often sought after as a hedge against inflation.
Investors are also looking forward to the release of inflation and trade data from China.
Latest Gold Prices:
The latest Mumbai Gold Rate on August 7 is as follows:
The 24-carat 999 gold bar of 10 grams is trading at Rs 5,940. On the other hand, the 22-carat gold rate for a 10-gm piece of jewellery stands at Rs 5,680, while the rate for an 18-carat jewellery item is Rs 4,680. These prices have been sourced from Shree MumbaDevi Dagina Bazaar Association, and do not include a 3 per cent Goods and Services Tax (GST).
Technically, with a still declining dollar, this is setting up nicely…
2023 could be huge for Barrick Gold. GOLD price weekly close above $1820 and a GOLD trigger faster move $2000 direction imho. Gold miner whal like Barrick very undervalued based then. Massiv upward potential for 2023/24 in my eyes.
"Pakistan's Supreme Court endorsed on Friday a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits, it said in an order."
Boing X 2
GOLD will probably have 200% 300% potential in the next 2 years. Until then, hold a large position and collect a good dividend. A win win situation for me. Barrick has great potential and the gold price could develop very positively over the next few months. The market situation speaks for it. Barrick won't be around as cheap as it is now for much longer.
like Secretariat, a once in a thousand year horse by every measure . Barrack is the most undervalued in the sector. Loaded with incredible projects and a 5% divi as well. CEO best in the buisness, imho..
#GOLD: KELLY'S HEROES LOADING THE TRUCK... GO PANZER...!
$GOLD Great Situation Update ~ Thank Q and Anons!! Donald Trump Has Taken Deepstate Down - White Hats Intel
Situation Update Published August 29, 2022
fink; EPIC NEWS UPDATE TODAY - NO MORE CURRENT CURRENCY - TRUMP NEWS
Trump News Channel Published August 28, 2022
I always wonder is people saying stuff like this know the markets about to turn or are just uneducated/unlucky? Moral of the story, don't get you financial info from a message board
had to dump everything yesterday on the open, so glad I did.....PM miners and gold will get wacked if this is a recession. That is the general rule, demonstrated in every recession. look what happened with the plandemic mini recession two years ago, the miners got decimated.
They may go down until the something breaks as they say, and the fed must lower rates, not raise them and this could be 3 or 4 or 6 months from now, with equities drastically lower.
don't laugh, btw, as this pattern would mirror the great gold bulls of the 1930s, the late 1970s, and early this century post 2001....where gold stocks went up 4 to 6 fold, and silver even more.....Will be interesting to see if any company can beat out Barrick's appreciation. I think not, merely because they have too many major properties they already own now, which have been drilled for 10 to 15 years already, waiting in the wings. Tier One projects inhouse.
2 years from now, when the share price is 80, Barrick will not have to scour the globe and pay 6 or 7 billion to buy an undeveloped drilled property, and then spend another 5 to build the mine. They already made that mistake 12 to 15 years ago.
Barrick reminds me of Amazon.com in the early days, where you could see the company was building something that would be world class, building the back end infrastructure even though the profits did not come for many years. CEO Mark Bristow is doing that with this company, so many world class mines now producing, and some many properties that are on deck, in the portfolio, waiting to be built, so that the company does not have to pay through the nose in the future, they already have the stuff in house. This sort of demonstrates the guy's long range thinking.
Here is what will happen in the next year. POG will rise big time.
POG 1900 = s/p will be 24.
POG 2000 = s/p at 30
POG 2100 - s/p at 40
POG 2200 - s/p at 50
POG 2300 - s/p 60..
I think the POG then relaxes for about 6 months, in the fall of of 2023 or thereabouts,
but then in 2024 the POG tops 2700 and the share price hits 95..........
and then there is a major retrace which brings it back to 45, and the thing consolidates after this massive crash which washes everybody out, for almost a year before the next major more up....
Mark this post. Mark my words.
this is just one rather advanced project only:
How important is Donlin to Barrick’s future? The accretive math argument is Barrick can increase its proven and probable reserves by at least 34 million ounces, from 69 million to 103 million (49% hike) with an all-cash offer or all-stock dilution of roughly 7% (assuming a 50% premium offer price) with Barrick’s equity market capitalization around $37 billion today. Barrick is holding the Donlin resource base as Measured & Indicated currently. So, a consolidation of ownership, on top of newly discovered resources in 2021-22, and a decision to build a mine would covert the ore into the proven and probable reserve category.
[and this does not include the terrific newly discovered drill holes of 2021....]
The company is loaded:
this from February, and, Barrack has had quite a few newer development additions to this PR. Bristow is a stud.
Speaking at the results presentation, president and chief executive Mark Bristow said three years after the Randgold merger, Barrick was clearly achieving its goal of industry-leading value creation and sustainable profitability.
“By any measure, Barrick is clearly the stand-out in its sector. We have what is undoubtedly the best asset base, with six Tier One11 mines, and more waiting in the wings. We have a long record of exploration success and a high-quality target pipeline. In an industry running out of raw material, we keep expanding our reserves. Our strong balance sheet will fund our investment in growth projects. All our mines have 10-year business plans, based not on wishful thinking but on geological understanding, engineering and commercial reality,” he said.
Bristow said Barrick’s 10-year production forecast was based solely on its existing mines and did not take into account the many real growth opportunities that were within its reach. In addition to the potential for further exploration success, the Company is advancing its pipeline of large growth projects, including Donlin Gold, Pascua-Lama and Norte Abierto, while at the same time working on the resumption of operations at Porgera, currently penciled in for July this year.
8.5% inflation!! Wowza.... 2022/2023 will be a huge time for GOLD and Barrick imho...
Ticker Buzz Cloud
Yep and he's losing a shipload this morning. All buffet cares about is preserving his wealth. Not growing it at this point. And he doesn't want his money in the bank so Apple and gold which are typically less volatile than most since apple has a ton of cash and can buy back their stock.
Barrick GOLD is a no brainer so extremly undervalued. Huge time start exactly now for GOLD imho. Looking forward some 100% potential next year's. Fiat money inflation out of the bottle. Game Changer and most people don't release it so far. Whale money start Barrick boarding