ironyman thanks, well GPL CEO Henderson, Robert buying more :-))
2020-09-25 Henderson, Robert 20,000 $22,600.00 57,500
CEO Rob Henderson
PRESIDENT, CEO & DIRECTOR
Mr. Henderson is a professional engineer and seasoned mining executive with 35 years of experience in operations, capital projects, and mining finance. Most recently, Mr. Henderson was President and CEO of Amerigo Resources Ltd., a copper producer with assets in Chile. He oversaw a successful $95 million debt financing to complete a major expansion project, safely increased production, lowered cash costs and extended the life of the operation to 2036. Prior to Amerigo, Mr. Henderson was SVP Technical Services with Kinross Gold Corporation
Mr. Henderson started his career as an engineer at Rand Mines Limited in South Africa. He joined DeBeers in 2002 as Assistant Head of Technical Services, and later spent 10 years as Project Manager at two well-known engineering firms, Hatch Ltd. and Kilborn Engineering Ltd. Between 2006 and 2012 he was Senior Vice President of Technical Services at Kinross Gold Corporation. Mr. Henderson holds a BSc in Chemical Engineering and an MBA, both from the University of Cape Town in South Africa. He is a member of the Professional Engineers Ontario and a director of BQE Water, a TSXV-listed mine water treatment company.
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or "the Company") announces third quarter (Q3) 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico . Consolidated quarterly production totalled 39,788 gold equivalent ounces (Au eq oz), positioning Great Panther on track to meet full-year 2020 guidance of 146,000 to 158,000 Au eq oz.
Q3 2020 Highlights
Produced 39,788 Au eq oz on a consolidated basis – a 3% increase over Q2 2020 – including 34,030 gold ounces (Au oz) and 375,427 silver ounces (Ag oz) Produced 93,401 Au oz at Tucano for the nine months ended September 30, 2020 , 4% higher than for the same period in 2019 On track to meet 2020 full year guidance of 146,000 to 158,000 Au eq oz Great Panther President and CEO Rob Henderson commented, "We delivered a solid quarter of steady state operations at all of our mines in Q3, in spite of the challenges of managing COVID-19. As Tucano transitioned from Urucum Central North to mining in the southern pits, throughput was slightly lower, but operations remain on track to meet full year guidance. In Mexico, both mines reported a full quarter of operations despite challenging conditions related to controls in place for COVID-19. All in, the mines are operating well, while we continue to put the health and safety of our people and communities first and foremost."
Q3 2020 production results are preliminary and subject to adjustment with Great Panther's Q3 2020 earnings results, scheduled for release before market open on November 5, 2020 . A conference call will follow at 9am PST / 12pm EST .
$16 Billion Ohio Police & Fire Pension Fund Approves A 5% Allocation For Gold Profile picture for user Tyler Durden by Tyler Durden Sun, 08/30/2020 - 10:40
Ohio's $16 billion Police & Fire Pension Fund is following in the steps of Warren Buffett and making a big statement about owning gold. It has approved a 5% allocation to gold to help diversify the fund's portfolio and to "hedge against the risk of inflation" according to Bloomberg.
The change was approved as "the first step" in an ongoing asset review that was presented to the fund's board on August 26.
The fund was following the advice of its investment consultant, Wilshire Assocaites, in adding the gold allocation, according to Pensions & Investments. Additionally, the fund plans on adding the gold stake by borrowing; the fund is reportedly increasing its leverage from 20% to 25% to make the change.
"No new manager has been selected, and there currently is no timeline for implementing this change," P&I reported.
Gold & Silver bulls starting to break out > ^ > ^ > ^