China’s March net gold imports via Hong Kong up 40% from Feb Reuters | April 25, 2024 | 7:37 am Intelligence Markets China Gold
China is the biggest billion consumer and its buying trends can have bearing on global prices. Credit: Chow Tai Fook China’s net gold imports via Hong Kong jumped 40% in March from the previous month, Hong Kong Census and Statistics Department data showed on Thursday.
Net imports into the world’s top gold consumer stood at 55.836 metric tons in March, compared with 39.826 tons in February, the data showed.
Total gold imports via Hong Kong were up about 40.2% at 63.499 tons.
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During its production life Martha produced from very high-grade veins and vein breccias. The high silver grades of the historic Mineral Reserves, ranging from over 2,500 grams/tonne (g/t) in the early years of the project to over 400 g/t in the later production years, and the high silver to gold ratio of the historic Mineral Reserves which averaged over 900:1, set Martha apart from the other producing mines in the province.
Patagonia Gold acquired the Martha property as part of its Reverse Takeover of Hunt Mining Corp. in 2019. The property consists of approximately 7,850 hectares of concessions, various buildings and facilities, surface and underground mining and support equipment, a 480 tonne per day (tpd – maximum) crushing, grinding and flotation plant, tailings facility, various stockpiles and waste dumps, employee living and cafeteria quarters. In addition, Patagonia Gold has access to surface ranch (“estancia”) lands surrounding the mine and mill site that are approximately 35,700 hectares in size.
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