$Gold Forecast: How to Become Strong After a Massive Decline? Ask Gold Miners! The biggest buyers of gold in recent years have not been G7 countries (United States, France, Canada, Germany, Japan, the United Kingdom and Italy), many of whom naively sold much if not all their gold in the recent past and have refused or simply don't have the funds to restock; instead purchases have all been by developing nation central banks (like India and Turkey, and of course China which however has a habit of only revealing its true gold inventory every decade or so) who have been quietly preparing to do what Russia is doing by dedollarizing and instead allocating capital into a counterparty-free asset.
trunkman thanks; They are full speed ahead, with turbo button pressed. announced today that it produced a total of 16,370 ounces of gold in June 2022 at its Segovia Operations bringing the total for the second quarter of 2022 to 53,198 ounces compared with 52,198 ounces from Segovia in the second quarter of 2021. In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead.
For the first half of 2022, the Company produced 103,149 ounces of gold at its Segovia Operations, up from 101,256 ounces of gold in the first half last year. The Company reported consolidated gold production in the first half last year of 103,684 ounces which included 2,428 ounces from Marmato up to February 4, 2021, the date of the loss of control of Aris Gold Corporation.
GCM Mining’s trailing 12-months’ total gold production at the end of June 2022 was 208,282 ounces, up about 1% over last year. The Company remains on track to meet its 2022 annual production guidance of 210,000 to 225,000 ounces of gold, aided by the completion of the Maria Dama plant expansion to 2,000 tonnes per day (“tpd”) in the third quarter of 2022.
GCM Mining processed a total of 44,047 tonnes in June 2022 at its Maria Dama plant, representing a daily average processing rate of 1,468 tpd, at an average head grade of 12.8 g/t. Plant operations in June 2022 reflected a scheduled 120-hour stoppage to change the linings of the mill in addition to routine repairs and improvements. For the second quarter of 2022, a total of 147,580 tonnes, equivalent to 1,622 tpd, were processed at Segovia at an average head grade of 12.4 g/t compared with a total of 143,910 tonnes, equivalent to 1,581 tpd, at an average head grade of 12.6 g/t in the second quarter last year. This brings the daily average processing rate for the first half of 2022 to 1,604 tpd at an average head grade of 12.3 g/t compared with 1,526 tpd and 12.7 g/t in the first half last year.
$In GOD We Trust - Real Money - AU Safety 6000yrs :-))
trunkmonk thanks; from time to time i have pushed this info out to people. although Yellen has a new role, looks like she was meant to be there when it happens, as with Biden the drug lord of his son. Buckle up butter cups, its coming full circle soon.
Bernanke began the conversation in a cheerful mood… Ben: Saw you on TV yesterday. A woman’s voice, said to be that of Janet Yellen, replies. Janet: Well, you know what it is like.I’m now competing with the presidential election news cycle. And Trump is getting all the page views now. Ben: But wow! I like the way you turned it around… Janet: What do you mean…? Ben: I mean… that “cautious” thing. You managed to get almost every news agency in the world to say you were “cautious.” Heh heh. Makes you sound prudent.And this is after you and I together put about $4 trillion of new cash into the system… we must have induced other central banks to pony up another $8 trillion or so… and now there are about $650 trillion in open derivative contracts. Yeah… cautious! I love it. Just don’t strike a match…. Heh heh. Janet: Oh, stop… I wasn’t the one who started this thing… You… [inaudible]. Besides, I’m learning from Trump. When he entered the race, we all thought he was a joke. But that’s the problem with politics – jokes get elected.Anyway, Trump’s trick is to always say something bold and outrageous. And vague. People don’t know what the f*** you are talking about. They can fill in what they want to hear. It makes me sound like a strong leader who is keeping her options open. At the end of my speech to the Economic Club, I was even tempted to say “Investors love me!” We Homeys Did It At this point, static interrupts the conversation. Then the two voices become clear again… Janet: You know, Ben, they should love us. And you and I should get more than just our pictures on TIME and a few million in speaking fees. After all, our yiddisher kops added more wealth to the world than Carnegie, Ford, Buffett, Gates… all of them put together. Ben: But, Janet… Now that I’ve been out of the hot seat for a while, I’ve had a chance to think about it. Janet: Think about what? Ben: Well, the system and how it works. Janet: Hey… That’s not allowed… Ben: I know… but now that I’m a private citizen just shaking down the big banks for speaking fees… It’s payback time! Janet: Yeah… I see you’re getting $400,000 a pop. Not bad… Ben: Janet, just wait… you’ll get your turn…But seriously, I’m just wondering how it all fits together. I mean… it seems like something very important has changed in a way that we didn’t recognize. Janet: What’s that?” Ben: When Nixon made that change in 1971 [eliminating the restraint on credit creation imposed by gold] nobody really knew what it meant. The gold bugs ranted and raved, but even they had no idea what would happen. Nobody really saw how it would change the system completely.Nobody… except maybe the damned French… ever asked to exchange their dollars for gold anyway. It didn’t seem to matter that we shut the window [ending the convertibility of dollars to gold at a fixed rate by closing the “gold window” at the Treasury]. But this is just coming into focus for me. It changes everything. We went from a savings-based money system to a credit-based system. And that’s a big change. You following me? There is only so much money available from savings. So that naturally limits the amount of credit. But when you can create credit with just a few keystrokes on your computer… it’s a different thing entirely. You can have as much as you want. But the guy who runs a liquor store… He stocks his shelves for total sales. He doesn’t care whether you spend cash or credit. As people spend more – on credit – he orders more bottles and hires a young man to put it on the shelves. He thinks there is more demand for his product. He expects it to last. So does everyone else. So, the economy booms. That was the idea. That’s why we got our faces on TIME. We homeys did it. We manipulated the economy. We tricked people into thinking there was more demand than there really was. And all we had to do was keep interest rates a little on the low side… Debt Is Deflationary Again… the line gets fuzzy for a bit. Then the voices come back. Janet: Ben… I’m going to hop off the line… I’ve got an FOMC meeting… Ben: Hold on, Janet… Just a minute… I’ve got something figured out. It’s important…In the old system, people had to earn money before they could lend it. That imposed a natural limit on credit. You couldn’t lend it if you didn’t have it. The scarcity of credit forced up the price of it. Interest rates never went to zero. So, savers were encouraged to save. And it forced investors and entrepreneurs to find projects that were worthy of precious capital. That’s what made the system work. It encouraged real capital formation and real wealth building. That’s how we got richer. Now, all we’ve got is credit… unlimited credit. Banks’ cost of funds these days is so low it’s almost free. Nobody knows what anything is worth – because all prices are distorted by unlimited credit. That’s what happened to the oil industry. Oil was $140, and then it was $30. You don’t know what it should be. So nobody wants to take the risk or trouble to fund long-term projects. We don’t build much real wealth any more. We just speculate. Short term. And the amount of credit in the system just goes up and up. But the dark side of credit is debt. You have to pay interest on it… and eventually pay back the loan. So, as your debt increases, it takes more and more of your income to make the debt payments, leaving you less to spend. This means you have to borrow more – increasing your debt – just to maintain the same level of spending. We know our income is not keeping up with our debt levels. Debt was about one and a half times GDP in the 1970s. Now, it’s three and a half times. I know lower interest rates airbrush the picture… so the debt burden is not so obvious. But unless we’ve eliminated the credit cycle, we have to assume rates will one day turn up again. Then, the cost of all this debt will suddenly hit us – hard. It will take a big chunk out of current spending… leading to those “D” words that you can’t use in public. The gloom and doomers were right all along. But they didn’t understand any better than anyone else how it really worked. They kept expecting inflation. And it never came. So, they went broke and went away. Debt is not inflationary. It’s deflationary. You either earn your way out… or you reach a limit, and the economy melts down. And here’s the thing: The super abundance of credit reduces real growth. That’s the thing I just realized. The more credit you make available… to try to ‘stimulate’ the economy… the more you stimulate speculation and suppress real growth. Less real growth means less real income to pay your debt. So, there’s really no way out… because the debt is slowing down the economy it depends on, like a huge leech that is killing its host. You eventually end up in a Minsky Moment… [when asset values plunge after a long period of speculation and unsustainable growth]… What are you going to do then? Janet: You’re asking me? Ben: Yea… Janet. I know what I’m going to be doing – collecting more big bucks for telling Goldman how you screwed up. Heh heh.What are you going to do?
Elon Musk Takes A Jab At Biden: Here's Who The Tesla CEO Calls 'The Real President!'
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The U.N. was put on notice years ago that EMF and 5G radiation would cause covid like sickness - They were already planning to murder through mass genocide millions if not billions of people. Watch how these people play stupid games. As if they did not know. They are murderers.
Chinese ambassador outlines BRICS vision BRICS has evolved into a major player in the international arena, attracting other nations, the Chinese envoy to Moscow believes
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Feds' Shocking Use of a Search Warrant at Trump's House, with Alan Dershowitz and Harmeet Dhillon
Megyn Kelly is joined by Alan Dershowitz, author of "The Price of Principle," and Harmeet Dhillon, chairwoman of The Republican National Lawyers Association, to discuss the shocking use of a search warrant for this type of crime, whether this is all a pretext for January 6 and political, the challenge of accountability, and more.
Trump raid makes US 'banana republic' – governor Florida’s Ron DeSantis lashed out at the federal government for raiding the former president’s residence
Gold SWOT: Geopolitical tensions between the U.S. and China are boosting haven demand for gold Frank E. Holmes Frank E. Holmes Monday August 08, 2022 14:56 Kitco Commentaries | Opinions, Ideas and Markets Talk
LAWSUIT SAYS BIDEN & BIG TECH COLLUDED IN CENSORING, 3895 WATCH
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GENE DRIVE & THE GREAT DNA WAR: DR MERRITT ON VACCINES, GENE EDITING, DEPOPULATION & ROCKEFELLERS WATCH
Creates a company with larger scale and significant free cash flow to unlock shareholder value Substantial combined gold reserve of 3.8 Moz and resource base of 18.3 Moz Measured & Indicated and 7.7 Moz Inferred 1 Strengthened mine-building, operating and financial capacity Streamlined corporate structure with direct realizable synergies No premium, all-share business combination TORONTO and VANCOUVER, Canada, July 25, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be named Aris Gold Corporation and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and Director.
Ian Telfer, Aris Gold Chair, stated: "The combined group creates a top-in-class company with multiple tier one assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a +1 million ounce producer over the next few years."
A replay of the call will also be available by dialling the following numbers and using passcode 9244:
Toll-free US and Canada: 1-800-319-6413 International: +1 604-638-9010
Pro forma consolidated mineral reserves and resources
Table 1: Proven and probable mineral reserve estimates
God Bless. Ps. CDD; SHOCKING: UK Government admits COVID Vaccinated Children are 4423% more likely to die of any cause & 13,633% more likely to die of COVID-19 than Unvaccinated Children BY THE EXPOSÉ ON JULY 27, 2022 • ( 6 COMMENTS )
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