JohnCM thanks; 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?
JohnCM; Who want to confiscate Russian GOLD with WAR???
LBMA creates Russian bullion bars database for customs authority use By Peter Hobson Reuters Friday, December 2, 2022
LONDON -- The London Bullion Market Association is creating a database of Russian gold bars held by banks in London to help prevent sanctions evasion by Russian companies or the Russian central bank, the industry group said.
Banks and the LBMA are reluctant to say how much Russian gold is held in vaults.
But disclosures by gold-owning investment funds show that hundreds of tonnes accumulated in London, Zurich, and New York before Russia invaded Ukraine in February
Numbers from 11 funds show around 7% of all the gold they hold -- currently around 160 tonnes worth some $9 billion -- is Russian.
The LBMA will make its data available to customs authorities and market participants -- but not the public -- to help them check that Russian gold bar s moving between countries or owners were outside Russia before sanctions were imposed. ...
SITUATION UPDATE: SPECIAL OPERATIONS TEAMS TAKING OUT NWO GLOBALISTS IN SWITZERLAND! FOUR HOUR ... Trump News Channel Published December 6, 2022 264 Views
Bill C36 B.C. Health Provisions Act. - Dr's Could Be Fined , Jailed and more If they don't Take The (JAB) Welcome to 1945 #Holocaust2020-2025 nonvaxer420 Published December 3, 2022 902 Views
Prayers Needed & BEWARE; DEATH SIGNAL: CANADIAN DOCTORS ARE DYING AT 4X PRIOR RATE UNDER 40, 8X PRIOR RATE UNDER 30 - NWO big pharma brain wash and fool them also - WATCH
JohnCM Watch LIVE: Derek Johnson Stream 12.28.22 "Military Operation" > Juan O Savin Intel and SGAnon Decode qanonstorm Published December 28, 2022 1,450 Views
US Supreme Court upholds another Trump-era border rule The ruling is the latest setback for President Joe Biden as he aims to reverse his predecessor’s immigration policies
Christmas offer us a wonderful message Emmanuel GOD with us alive He breath our air, felt our pain - knew our sorrows with the Father and the Spirit King.
Blessed be the Lord GOD of Israel - for He has visited us and accomplished - redemption for His people .
LUKE I:68
He didn't come to frighten us, but to show us the way to peace, warmth and safety.
SPEAKER TRUMP, AZ LAKE LAWSUIT UPDATE, RUSSIA PREPARING FOR NUCLEAR WAR, US/NATO WANT WW3/KEEP ARMING UKRAINE, ZELINSKY WANTS MORE US TAX MONEY WHILE OUR BORDER IS BEING INVADED, JAN6 TRUTH, RUSSIAN MOD, GCR/JUDY BYINGTON UPDATE, CIA/FBI/DOJ/DNC/BIG TECH/PENTAGON COLLUSION FOR DS, OMNIBUS BILL PROVES CONGRESS STEALS TAX $ AND MORE.
In choosing those who would represent Christ and establish His church, GOD picked some of the most - unusual individuals imaginable; unschooled fisherman, a tax collector, a mystic, a doubter, and a farmer Pharisee, who had persecuted Christians. He continued to pick some, very unusual persons down through the ages. In fact. He seems to delight in such surprising choices to this very day.
LBMA creates Russian bullion bars database for customs authority use By Peter Hobson Reuters Friday, December 2, 2022
LONDON -- The London Bullion Market Association is creating a database of Russian gold bars held by banks in London to help prevent sanctions evasion by Russian companies or the Russian central bank, the industry group said.
Banks and the LBMA are reluctant to say how much Russian gold is held in vaults.
But disclosures by gold-owning investment funds show that hundreds of tonnes accumulated in London, Zurich, and New York before Russia invaded Ukraine in February
Numbers from 11 funds show around 7% of all the gold they hold -- currently around 160 tonnes worth some $9 billion -- is Russian.
The LBMA will make its data available to customs authorities and market participants -- but not the public -- to help them check that Russian gold bar s moving between countries or owners were outside Russia before sanctions were imposed. ...
SITUATION UPDATE: SPECIAL OPERATIONS TEAMS TAKING OUT NWO GLOBALISTS IN SWITZERLAND! FOUR HOUR ... Trump News Channel Published December 6, 2022 264 Views
Bill C36 B.C. Health Provisions Act. - Dr's Could Be Fined , Jailed and more If they don't Take The (JAB) Welcome to 1945 #Holocaust2020-2025 nonvaxer420 Published December 3, 2022 902 Views
Prayers Needed & BEWARE; DEATH SIGNAL: CANADIAN DOCTORS ARE DYING AT 4X PRIOR RATE UNDER 40, 8X PRIOR RATE UNDER 30 - NWO big pharma brain wash and fool them also - WATCH
LOVE FEBRUARY 3, The Christian's greatest goal is be like Christ. We want to emulate. His exemplary life, model. His method of teaching , resist temptation as He resisted it, handle conflicts as He did and do, focus on the mission GOD call us to accomplish as Christ focuseed on His. And certainly it is our desire to commune with the FATHER as the SON did and do throughout HIS ministry and suffering. No greatewr compliment can be given than this one: "When I am with that person, it's like I'm in the presence of JESUS Himself."
We have regards for what is honorable, not only in the sight of the LORD , but also in the sight of men.
2 CORITHIANS 8:21
MAGA FEBRUARY 2, GOD has not designed us to live like hermits in a cave. HE has designed us to live in friendship and fellowship and community with others. That's why the church, the body of Christ Kristus, is so very important, for it is there that we drawn together in love and mutual encouragement. We're meant to be a part of one another's lives.
Therefore be imitators of GOD ,,,, and walk in love. EPHESIANS 5:1-2
THE TIME RUSSIA SAVED THE USA - GOD'S CHILDREN BROTHERS & SISTERS GO IN PEACE HAND IN HAND - TRUMP NEWS
Yes Deepstate WEF Big NWO Monsters - JESUS & TRUMP Great Team - WEF NWO Monster just issued their biggest CRISIS warning yet | Redacted with Clayton Morris
Prayers Needed - Video surfaces of CDC official calling for WHITE GENOCIDE to eliminate all white vaccine refusers in America Tuesday, January 31, 2023 by: Mike Adams
Economic fail still in progress. Smart money still loading ARIS Gold Mines; Why is central bank gold buying at 55-year highs? By: Kitco | January 31, 2023
Central banks had their eyes on gold last year, purchasing 1,136 tonnes — the most since 1967, according to the World Gold Council (WGC). This also marked the second-highest level on record going back to 1950 and was a more than 150% increase from last year.
The WGC's Gold Demand Trends report from Q4 revealed that central banks bought an additional 417 tonnes of gold, following Q3's massive purchase of 445 tonnes.
"Geopolitical uncertainty and high inflation were highlighted as key reasons for holding gold," the WGC said in a report published Tuesday.
Central banks are paying attention to gold because of how it performs during times of crisis and its role as a long-term store of value. "It's hardly surprising then that in a year scarred by geopolitical uncertainty and rampant inflation, central banks opted to continue adding gold to their coffers and at an accelerated pace," the report pointed out.
The last time there was so much gold buying by central banks, the U.S. dollar was still backed by gold.
"Central bank purchases are highlighting the fact that gold remains a very important asset in the monetary system. Even though gold is not backing currencies anymore, it is still being utilized. Why? Because it is a real asset," Juan Carlos Artigas, Global Head of Research at the World Gold Council, told Kitco News.
Most of the 1,136 tonnes total was once again "unreported," said the report. "Echoing Q3, data for the final quarter of the year was again a combination of reported purchases and a substantial estimate for unreported buying," the report highlighted.
JANUARY 31, HE brought Me out into a broad place - HE delivered Me because HE is delight in us.
2 SAMUEL 22:20
HE is our security and HE delights in us. What encouragement that brings.
Yulp. In the news China buying up American farm land. What else are they going to buy from us? They are cashing in the debt we sold them. Chicken coming home to roost. And killing real chickens won’t help
They are dumping our dollars. BRICs and the SCO will crush the dollar. No one wants you buy our generated debt to fund our American life style. A life style of putting other nations, Europe, on American welfare.
Dumping dollars back on our shores will further compound inflation. 15%
Texas Leads 20 States in Suing Biden Administration Over Migrant Program BY ANDREW MIILLER • JANUARY 27, 2023
Texas Attorney General Ken Paxton is leading 20 states in suing the Biden administration over a federal program that allows up to 30,000 migrants from Cuba, Haiti, Nicaragua and Venezuela to petition the United States for asylum each month. Joe Biden launched the program on January 5 as part of a series of new border enforcement actions. Yet in a press release on January 24, Paxton’s office argued that the program “unlawfully creates a de facto pathway to citizenship for hundreds of thousands of aliens.”
*Live* ~ President Trump’s visit to NH on Saturday, 1/28/23 >
Saturday, January 28 2023 – 9:30am ET...
Concord, NH – New Hampshire Republican State Committee announces President Donald J. Trump as Keynote Speaker at 2023 Annual Meeting.
Chairman Stephen Stepanek stated:
“ We are excited to welcome President Trump back to the Granite State to be the keynote speaker at our 2023 Annual Meeting. President Trump has long been a strong defender of New Hampshire’s First in the Nation Primary Status and we are excited that he will join us to deliver remarks to our Members " ...
Trump on Ukraine conflict: If I were President, I’d be able to negotiate end in 24 hours & our Lord JESUS Agree. Right at first, say; "It's impossible: He can't handle it, Lord. Before I foul it up, it's Yours." He is able to handle it.
Denmark Plans Mandatory Military Service For Women As NATO Deepens Ukraine Support Tyler Durden's Photo BY TYLER DURDEN THURSDAY, JAN 26, 2023 - 11:15 AM
At a moment the NATO alliance is broadly pushing for its members to bolster defense readiness and spending, Denmark is planning to introduce compulsory military conscription for women in order to greatly boost the size of national armed forces.
Jakob Ellemann-Jensen, Denmark's defense minister and deputy prime minister, announced his intent to introduce women's conscription in an interview with broadcaster TV2, with Bloomberg subsequently reporting on the comments.
Nuke War, Bioweapon Awakening, Dollar Dies & Paul Craig Roberts By Greg Hunter On January 27, 2023
Dr. Paul Craig Roberts (PCR), former Assistant Treasury Secretary and international award-winning journalist, is the special guest for this week’s Weekly News Wrap-Up. Dr. Roberts gives his deep dive on the three biggest stories of the week. The U.S. and NATO is stumbling towards nuclear war that nobody even mentions. How close are we to a thermal nuclear exchange? The symbolic Doomsday Clock says just 90 seconds from midnight and total global disaster.
God's Judgment and billions that will perish. The door and time of Opportunity is closing for those who will listen.
$fink The Gold Standard & Large Deposits Of Gold Needed; ARIS Mining Corp. seems so undervalued
this is a valuation only based on production numbers... but ARIS devolopement-pipeline has a much bigger value .. the vbest part is..they can develope all projects step by step without the need of external financings... i hope not all warrants will be exercised -> less dilution of future profits... additional so this i hope they will start repay the notes soon by kkkrrr
$Aris Mining Corp. TM RE :The train is leaving the station? $10 coming soon? Red Cloud raised their price target from $11.50 to $12 on Monday :-)) with an outperform rating. by Dom
They are aiming for $250,000 ounces of production this year. The team is proven mine builders and is ramping things up regarding growth prospects.
Gold near all-time highs. Seems like the perfect storm?
Watch; Aris Mining Corp. The genesis of following management for exponential gains If you haven't already listened to the podcast I'm linking to in this post, do yourself a favor and take the time to listen carefully to the genesis of Aris Mining.
challenger426 just crunched some numbers using the POG around $1900 and ARIS seems extremely undervalued.
2023 Forecasts include:
230,000-270,000 oz production $1050 - $1150 AISC $19M non sustaining CAPEX costs 136M shares outstanding $1900/oz gold price
Using the above numbers on a worst and best case scenario, I get these share price forecasts:
$11.48 Worst Case $15.47 Best Case
Each $100 change in the average price of gold can swing the needle in those scenarios by $1.50 - $2.00 in the share price value. Therefore, even if the POG fell back to $1700/oz, ARIS is still undervalued by at least $3/share on a worst case scenario meaning they produce near the bottom of the range and the AISC comes in near the top of the range for 2023.
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