$bman thanks; Gold Newsletter‘s Ex. Brien Lundin sees reasons to be optimistic about a resumption of the precious metals bull market in the coming months.
“Gold is continuing to trace out a very powerful cup-and-handle pattern,” he says in a note e-mailed Friday, “one that (as I’ve mentioned before) projects to prices in the $2,500 area.
If that happens, we’ll be hard-pressed to remember what happened to gold last week……The question that every investor will have to answer for themselves is whether they actually expect the Fed to shut off the flow of monetary adrenaline upon which the financial markets have come to depend…or whether the Biden administration and Democratic-controlled Congress will suddenly discover fiscal prudence.
My vote is no for the above…and yes for a continued gold bull market.
So again, while the near-term is uncertain, the likelihood of much higher prices for gold and silver over the months and years ahead is very high indeed.”
$Why Basel III regulations are poised to shake up the gold market Published: June 24, 2021 at 3:02 p.m. ET By Myra P. Saefong
$European banks face beefed up liquidity requirements under the “Net Stable Funding Ratio’ on Monday
New banking rules, part of an sweeping international accord known as Basel III, will come into effect on Monday and mark a big change for European banks and their dealings with gold — potentially altering the landscape for precious metal demand and prices.
Like many reforms put in place over the past decade that aim to avert another global financial crisis, the new banking rules come with some controversy — and caveats.
$paul_dirac welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans Jun 25, 2021 Paul giving you a following mark :-)) TIA
Swiss Resource Capital AG 20.6K subscribers Company presentation of currently the largest underground gold and silver producer in Colombia, with several mines at its high-grade operation in Segovia. In Guyana, the company is advancing the recently acquired Toroparu project, one of the largest undeveloped gold projects in the Americas. Gran Colombia Gold pays a monthly dividend and has a stable shareholder structure.
Gran Colombia Gold is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations.
Since we last spoke to Gran Colombia two years ago, they have been busy in several areas.
$Gran Colombia is now producing gold and their guidance for this year is 200-220,000 oz and they are well on track to meet that target.
The company has brought costs down and is now paying dividends at 3% a year.
They have also managed to reduce their debt down from $90M to $19M and by the end of the year they aim to have zero debt.
Gran Colombia owns approximately 44% of Aris Gold Corporation, a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Gold Project in Colombia.
Gran Colombia took the Marmato mine and raised $300M to finance the operation which is now in the hands of a management team. This project is an investment for the company and will continue to create value for the shareholders.
Gran Colombia’s project pipeline also includes an 100% equity interest in Gold X Mining Corp.,
an approximately 36% equity interest in Denarius Silver Corp. and
an approximately 26% equity interest in Western Atlas Resources Inc.
Gran Colombia has come a long way in two years and has grown considerably with the share price reaching highs of $8 per share.
Palisades Gold Radio 70.2K subscribers Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co- Founder of Franco Nevada and Formerly President of Newmont Mining.
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of drilling.
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario. The program is expected to consist of a total of 10,000 metres of drilling.
The initial drill program is set to begin in the third quarter of 2021, with the program targeting an extension between the Big Dome and Golden Lake deposits, while also testing known high grade mineralized zones. Currently, the project contains a 10 kilometre long strike which follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource estimate of 773,000 ounces of indicated gold within 21.3 million tonnes based on an open pit model. A further 1,488,000 ounces of inferred resource is contain within the model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t cut-off, and was established via 105,861 metres of drilling within 379 holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately 44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia.
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