Geodan thanks; What Market is missing about GCM?, it is selling for less that forward annual profits. And in last week they have bot near $1 million of their own stock. I bot more today
$TM GCM Mining Corp. Plant - The Era of Transformation 60 views Premiered 13 hours ago
Construction of the new polymetallic plant for recovery of zinc, lead, gold and silver from the tailings into concentrate at Segovia was completed in 2021, generating our first production of concentrates to be sold in 2022.
The plant creates shared value by creating revenue and reducing our environmental impact by recovering lead and zinc, returning the final tailings to our Maria Dama processing plant for purification, and then pumping them to the El Chocho tailings storage.
$Geodan; GCM Mining Announces May 2022 Production; Declares July 15, 2022 Monthly Dividend June 16, 2022 TORONTO, June 16, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year. This brings the total gold production for the first five months of 2022 to 86,779 ounces, up from 84,467 ounces in the first five months last year. Segovia’s trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021. Expansion of the Company’s processing plant at Segovia to 2,000 tonnes per day (“tpd”) is nearing completion and is expected to be finished in July. The Company is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
GCM Mining processed a total of 52,731 tonnes in May 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,701 tpd, compared with 49,089 tonnes and 1,584 tpd in May 2021. Segovia’s head grades averaged 12.1 g/t in May 2022 compared with 12.6 g/t in May last year. For the first five months of 2022, a total of 246,352 tonnes (equivalent to 1,631 tpd) were processed at Segovia at an average head grade of 12.2 g/t compared with a total of 229,747 tonnes (equivalent to 1,522 tpd) at an average head grade of 12.7 g/t in the first five months last year.
The Company also processed an average of 93 tpd of tailings in May 2022 at its polymetallic plant at Segovia resulting in the production of approximately 130 tonnes of zinc concentrate and approximately 94 tonnes of lead concentrate which have been stockpiled. The Company finalized the offtake contract for the concentrates earlier this month and is making preparation for the initial shipments which are expected to occur by the end of this month. Payable production from the concentrates in May 2022 is estimated to total approximately 114,000 pounds of zinc, 124,000 pounds of lead, 9,500 ounces of silver and less than 50 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped.
Monthly Dividend Declaration
GCM Mining also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on July 15, 2022 to shareholders of record as of the close of business on June 30, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is a leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero- Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at https://www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
$In GOD We Trust - Real Money - AU Safety 6000yrs :-))
$Geodan; Gran Colombia Gold Corp (GCM) Stock Analysis:
Based on the Gran Colombia Gold Corp stock forecasts from 2 analysts, the average analyst target price for Gran Colombia Gold Corp is CAD 10.01 over the next 12 months. Gran Colombia Gold Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Gran Colombia Gold Corp is Bullish , which is based on 10 positive signals and 3 negative signals. At the last closing, Gran Colombia Gold Corp’s stock price was CAD 3.83. Gran Colombia Gold Corp’s stock price has changed by -5.43% over the past week, -12.76% over the past month and -34.97% over the last year.
GCM Mining Announces May 2022 Production; Declares July 15, 2022 Monthly Dividend June 16, 2022 TORONTO, June 16, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year. This brings the total gold production for the first five months of 2022 to 86,779 ounces, up from 84,467 ounces in the first five months last year. Segovia’s trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021. Expansion of the Company’s processing plant at Segovia to 2,000 tonnes per day (“tpd”) is nearing completion and is expected to be finished in July. The Company is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
GCM Mining processed a total of 52,731 tonnes in May 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,701 tpd, compared with 49,089 tonnes and 1,584 tpd in May 2021. Segovia’s head grades averaged 12.1 g/t in May 2022 compared with 12.6 g/t in May last year. For the first five months of 2022, a total of 246,352 tonnes (equivalent to 1,631 tpd) were processed at Segovia at an average head grade of 12.2 g/t compared with a total of 229,747 tonnes (equivalent to 1,522 tpd) at an average head grade of 12.7 g/t in the first five months last year.
The Company also processed an average of 93 tpd of tailings in May 2022 at its polymetallic plant at Segovia resulting in the production of approximately 130 tonnes of zinc concentrate and approximately 94 tonnes of lead concentrate which have been stockpiled. The Company finalized the offtake contract for the concentrates earlier this month and is making preparation for the initial shipments which are expected to occur by the end of this month. Payable production from the concentrates in May 2022 is estimated to total approximately 114,000 pounds of zinc, 124,000 pounds of lead, 9,500 ounces of silver and less than 50 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped.
Monthly Dividend Declaration
GCM Mining also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on July 15, 2022 to shareholders of record as of the close of business on June 30, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is a leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero- Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at https://www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
$In GOD We Trust - Real Money - AU Safety 6000yrs :-))
Based on the Galane Gold Ltd stock forecasts from 1 analysts, the average analyst target price for Galane Gold Ltd is CAD 0.75 over the next 12 months. Galane Gold Ltd’s average analyst rating is Strong Buy.
Stock Target Advisor’s own stock analysis of Galane Gold Ltd is Slightly Bullish , which is based on 2 positive signals and 1 negative signals.
At the last closing, Galane Gold Ltd’s stock price was CAD 0.11. Galane Gold Ltd’s stock price has changed by -4.35% over the past week, -24.14% over the past month and -51.11% over the last year.
he determines ASIC $1132 (update $1300 ASIC with Mang fees inclused.)
FX charge is in video, have finished it now. So it realy was a huge loss on that, and where they said it was a gain was a typo. Those FX things go back and forth.
They should have said ASIC no matter what, BUT $1300 is excellent at this tonnage. How many hard rock mines are under $1300 AISC at their tonnage except for extra high grade mines? Maybe none. In 1st Q Nick did tell me that Jan holidays in SA really slow things down. So we should pick up 10% from that alone. They have equipment availibility problems offset by higher grades. But have to guess Q2 will be 25% better than this. If Mupane downsizes maybe they can buy some of that equipment.
Their ASIC should be $850-950 or so, near projections when they get up to 4,000 oz per Q. Katchum thinks 10PE this Q and 1 PE next year/.
Galane Gold Ltd > May 2022 Presentation, AISC drops to 747/oz Au New Post « Older Post
Aton (68) User Actions June 02, 2022 - 02:39 PM 64 Reads Post# 34727327
May 2022 Presentation, AISC drops to 747/oz Au Insiders and Management has 47,8% of the shares, not bad.
Forecast Galaxy intakt:
2022 15k - 18k oz 2023 24k - 27k oz
Average Production and AISC phase 1 26,700 oz Au/year ~US$897/oz Au2
Average Production and AISC phase 2 43,000 oz Au/year ~US$747/oz Au
BRICS leaders to discuss dedollarization efforts, group’s expansion There also are plans to discuss pressing global and regional issues MOSCOW, June 23. /TASS/.
Russian President Vladimir Putin will take part in the 14th summit of the BRICS group (Brazil, Russia, India, China, South Africa) that will take place via video conference on Thursday.
According to the Kremlin press service, the China-hosted meeting will focus on political, economic, cultural and humanitarian cooperation. There also are plans to discuss pressing global and regional issues.
The group’s expansion is expected to be one of the main topics on the agenda. In May, China suggested launching discussions of the issue and Russian Foreign Minister Sergey Lavrov said that Argentina and Saudi Arabia had expressed interest in joining BRICS. According to experts, other potential candidates include Bangladesh, Egypt, the United Arab Emirates and Uruguay who joined the BRICS New Development Bank last year. In addition, analysts point out that events held on the sidelines of the BRICS foreign ministers meeting involved representatives of Indonesia, Kazakhstan, Nigerian and Thailand.
Ways to reduce the role of the US dollar in financial transactions between member states will be another focus of attention. The Russian president stated earlier that together with other BRICS nations, Moscow was working on alternative mechanisms of payment. Putin emphasized that Russia’s financial messaging system was open for banks from other BRICS countries to join. According to Putin, efforts are underway to create an international reserve currency based on the basket of BRICS currencies and Russia’s Mir payment system is expanding its global presence.
On June 24, the Russian president will address a BRICS+ meeting that will also involve the leaders of a number of other countries.
The acronym BRICS, derived from the initial letters of the names of the group’s members, was created in December 2010, when South Africa joined the organization that had earlier been known as BRIC. The goal of the group, established at Russia’s initiative in 2006, is to boost comprehensive cooperation between member states. China is holding the BRICS presidency in 2022.
BRICS developing new global reserve currency – Putin It will be based on a currency basket of the five-nation bloc, according to the Russian president BRICS developing new global reserve currency – Putin
Getty Images / Jorg Greuel
President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency.
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum.
According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments.
Earlier, the group said it was working on establishing a joint payment network to cut reliance on the Western financial system. The BRICS countries have been also boosting the use of local currencies in mutual trade.
Russia, The Financial War And The War In The Gold Market
On Thursday, under China’s chairmanship, a two-day BRICS summit, an informal international association that includes Brazil, Russia, India, China and South Africa, opened. The agenda of the meeting in video format includes promoting global development, discussing world problems, as well as turning the quintet into BRICS+ by attracting new states, Nezavisimaya Gazeta writes.
READ ALSO Key points of 14th BRICS Summit Beijing declaration
According to the newspaper, the ramped-up global turbulence has encouraged BRICS members to intensify intra-group cooperation, and widen the association’s ties. According to Chinese Foreign Minister Wang Yi, expanding BRICS would help increase the association's influence and contribute to maintaining peace. A few days later, Russian Foreign Minister Sergey Lavrov said that Saudi Arabia and Argentina were interested in joining BRICS.
Leading Researcher at the Center for Political Studies at the Institute of Latin America of the Russian Academy of Sciences Nailya Yakovleva told the newspaper the main reasons for Argentina's desire to move closer to BRICS membership are hightened international prestige and, most importantly, expanded opportunities for attracting foreign investment in infrastructure projects and loans from the new BRICS development bank.
"Argentina's key rationale for entering BRICS is that it has already established tight cooperative relations with each of the association's member states, establishing the groundwork for future participation. At the same time, the Argentine economy can organically fit into the 'five' countries' economic structure, add new elements, and make a tangible contribution - primarily through its powerful agro-industrial complex and significant mineral resources - to strengthening BRICS' position in the global economic relations system," she said. The expert added that Argentina’s accension could open the BRICS door to other large developing states, such as Mexico and Indonesia.
Uruguay, Iran, Egypt, Guinea, Thailand, and a number of post-Soviet states are often named among other potential BRICS participants, the newspaper writes.
Kommersant: Russia, Iran team up against Western sanctions
Russia is winning the financial war Jun 22, 2022 ·Alasdair Macleod
BRICS leaders to discuss dedollarization efforts, group’s expansion There also are plans to discuss pressing global and regional issues MOSCOW, June 23. /TASS/.
Russian President Vladimir Putin will take part in the 14th summit of the BRICS group (Brazil, Russia, India, China, South Africa) that will take place via video conference on Thursday.
According to the Kremlin press service, the China-hosted meeting will focus on political, economic, cultural and humanitarian cooperation. There also are plans to discuss pressing global and regional issues.
The group’s expansion is expected to be one of the main topics on the agenda. In May, China suggested launching discussions of the issue and Russian Foreign Minister Sergey Lavrov said that Argentina and Saudi Arabia had expressed interest in joining BRICS. According to experts, other potential candidates include Bangladesh, Egypt, the United Arab Emirates and Uruguay who joined the BRICS New Development Bank last year. In addition, analysts point out that events held on the sidelines of the BRICS foreign ministers meeting involved representatives of Indonesia, Kazakhstan, Nigerian and Thailand.
Ways to reduce the role of the US dollar in financial transactions between member states will be another focus of attention. The Russian president stated earlier that together with other BRICS nations, Moscow was working on alternative mechanisms of payment. Putin emphasized that Russia’s financial messaging system was open for banks from other BRICS countries to join. According to Putin, efforts are underway to create an international reserve currency based on the basket of BRICS currencies and Russia’s Mir payment system is expanding its global presence.
On June 24, the Russian president will address a BRICS+ meeting that will also involve the leaders of a number of other countries.
The acronym BRICS, derived from the initial letters of the names of the group’s members, was created in December 2010, when South Africa joined the organization that had earlier been known as BRIC. The goal of the group, established at Russia’s initiative in 2006, is to boost comprehensive cooperation between member states. China is holding the BRICS presidency in 2022.
BRICS developing new global reserve currency – Putin It will be based on a currency basket of the five-nation bloc, according to the Russian president BRICS developing new global reserve currency – Putin
Getty Images / Jorg Greuel
President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency.
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum.
According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments.
Earlier, the group said it was working on establishing a joint payment network to cut reliance on the Western financial system. The BRICS countries have been also boosting the use of local currencies in mutual trade.
Interesting take on why Russia invaded Ukraine only 4 minutes Q&A Round
Biden, G-7 Will Ban Russian Gold Imports Tyler Durden's Photo BY TYLER DURDEN SUNDAY, JUN 26, 2022 - 01:56 PM
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.
Geodan thanks; What Market is missing about GCM?, it is selling for less that forward annual profits. And in last week they have bot near $1 million of their own stock. I bot more today
Finance Titan on Coming Economic Revolution; How to Survive Plus, Frank Giustra’s Devastating Hyperinflation Experience, Building Gold Majors With Ian Telfer, And The Famous Treasure Chest He Restored
Economic Revolution Coming; How to Survive - Finance Titan Frank Giustra By Tommy Humphreys
China is “like a black hole where the gold goes in and never comes out,” says Frank Giustra, a major player in the mining industry and founder of Lionsgate Entertainment.
As the largest producer and importer, Giustra believes China is under-reporting their gold reserves. “My guess is they are preparing themselves, as Russia is, to exit the US dollar system… to one where gold plays a role.”
In an exclusive series of interviews with CEO.CA taped over a couple of days, Giustra says war in Europe is accelerating a bifurcation of the monetary system. Countries representing ~80% of the world’s population refused to condemn Russia for its Ukraine invasion despite pressure from the West. Meanwhile, global central banks have been selling dollars to stockpile gold.
“Currency is being debased and inflation is out of control,” he says. Giustra believes CPI is manipulated to prevent a confidence crisis, and actual inflation may be double what is reported.
Global debt has gotten to “insane” levels according to Giustra. He cites $300 trillion or 250% of GDP in most developed countries. “Raise rates in that environment.. you'll implode the whole system. They know this. So [the Fed] can talk a lot about raising rates and they can make a lot of threats about unwinding the balance sheet. None of it is going to happen.”
In the interview, Giustra shares for the first time how his family lost everything to hyperinflation in Argentina in the 1970s. They landed broke in a small trailer on Canada’s Texada Island where Giustra’s father laboured in an iron ore mine.
Gold would have “absolutely” protected the family from inflation, Giustra believes. He fears a similar unravelling of the Western economy is happening now and is warning investors to prepare themselves.
“People don't believe that [hyperinflation is] possible in America or Europe… It can happen, and it's always caused by the same thing, the printing of too much money.”
“Gold is the only constant [through history] that no one can print,” he says, while also advocating for diversification in certain stocks, real-estate, and even cash. “This is not the time for speculation,” Giustra says.
In 2001, he famously forecast a coming gold bull market and, with Ian Telfer and Neil Woodyer, built Wheaton River Minerals —which would become Goldcorp— from a $25 million shell into a $50 billion producer in 10 years. Goldcorp combined with Newmont in 2019 and today is the world’s largest gold company. Telfer joined Giustra for part of the interview to share experiences of building businesses together.
Since Goldcorp, Giustra and Woodyer co-founded Endeavour Mining, now worth $7 billion, and Leagold, a gold miner acquired for ~$600 million by Equinox in 2019. Giustra, Telfer and Woodyer are partners in a new venture, Aris Gold (TSX:ARIS), which they plan to transform from its current ~$200 million valuation into another major producer.
Success has enabled Giustra to connect with history as a major collector. He showed CEO.CA the personal trunk of Spanish conquistador Francisco Pizarro he acquired and had restored. With less than 150 men in 1532, Pizarro conquered the Incas in what is now Peru. They plundered a room full of gold in the fabled city of Eldorado —today Cuzco— which contributed to the rise of the Spanish empire. It’s an incredible museum-worthy relic which reminds Giustra of gold’s role in history and the ugly, greedy aspect of human nature.
The interview with Frank Giustra is full of insights on the economy, wealth preservation and building companies. Watch his perspectives on YouTube now.
Enjoy this story? Sharing and redistribution of this article and video is encouraged.
Author owns gold bullion and shares of Aris Gold (TSX:ARIS).
Nothing in this communication is intended to be investment or personal advice of any kind.
Geodan thanks; What Market is missing about GCM?, it is selling for less that forward annual profits. And in last week they have bot near $1 million of their own stock. I bot more today
$TM GCM Mining Corp. Plant - The Era of Transformation 60 views Premiered 13 hours ago
Construction of the new polymetallic plant for recovery of zinc, lead, gold and silver from the tailings into concentrate at Segovia was completed in 2021, generating our first production of concentrates to be sold in 2022.
The plant creates shared value by creating revenue and reducing our environmental impact by recovering lead and zinc, returning the final tailings to our Maria Dama processing plant for purification, and then pumping them to the El Chocho tailings storage.
$NEWS $GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations June 27, 2022
$GCM Stock Screener: Ep. 145: GCM Mining (TPRFF): Q1 2022 Financial Results 265 views Premiered May 13, 2022 The fundamentals look good. Production is ramping up and costs are down
Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF)
Our Assets
In Colombia we operate the Marmato gold mine, where a modernization and major expansion program is under way,
Marmato Mine Marmato, Colombia Following the discovery of a large porphyry mineralized zone below the historic Marmato Mine, Aris Gold will build a modern long-life, low-cost, 175k oz/year gold operation Learn more
Tier 1 advanced development stage gold project undergoing permitting to construct a mine capable of producing an average of 450k oz/year of gold at AISC of US$471/oz over a 14-year mine life Learn more
Aris Gold also operates the Juby project, an advanced exploration stage gold project; Juby Project Ontario, Canada Juby is an advanced exploration-stage project in the prolific gold producing Abitibi Greenstone belt region of Ontario.
Learn more
in the Abitibi Greenstone belt of Ontario, Canada.
GCM Mining also owns approximately 44% of Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), $NEWS $GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations June 27, 2022
$Geodan; MANDALAY RESOURCES CORPORATION CONFIRMS EXCELLENT RESULTS FROM ITS BJÖRKDAL EASTWARD MINE EXTENSION DRILLING AND REPORTS ENCOURAGING RESULTS FROM THE NORTH ZONE DRILLING PROGRAM TORONTO, ON, June 21, 2022 –
MANDALAY RESOURCES CORPORATION INTERSECTS 1,780 G/T GOLD OVER 0.17 M IN ITS COSTERFIELD REGIONAL DRILLING PROGRAM AT THE ROBINSON PROSPECT
$COSTERFIELD GOLD & ANTIMONY MINE IN AUSTRALIA - beside Fosterville Kirklands Lake highgrade mine
The initial four holes in the 2022 Robinson program have intercepted visible gold in the immediate surrounds of the historic Robinson Mine approximately 2 km from Costerfield’s operating underground infrastructure. TORONTO, ON, June 09, 2022
For Further Information Dominic Duffy President and Chief Executive Officer Edison Nguyen Director, Business Valuations and Investor Relations Contact: 647.260.1566 ext. 1 About Mandalay Resources Corporation Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement. Mandalay’s mission is to create shareholder value through the profitable operation and continuing the regional exploration program, at both its Costerfield and Björkdal mines. Currently, the Company’s main objectives are to continue mining the high-grade Youle vein at Costerfield, bring online the deeper Shepherd veins, both of which will continue to supply highgrade ore to the processing plant, and to extend Youle Mineral Reserves. At Björkdal, the Company will aim to increase production from the Aurora zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine. Forward-Looking Statements: This news release contains "forward-looking statement HIGH-POTENTIAL EXPLORATION UPSIDE
CONTINUING REGIONAL EXPLORATION
programs on known targets; seeking repetition of mineralization
BJÖRKDAL
Extensional drilling at aurora Defining mineralization and assessing the economics of the high-grade skarn deposit
FULLY-FUNDED
Cash position of $34.2M at 2020 year-end affords Mandalay with the financial flexibility to continue funding its exploration programs and sets the Company up for future profitability and growth
COSTERFIELD High-grade Youle vein the major growth catalyst
BJÖRKDAL Ramping up underground production, focusing on higher-cash margin ore
2021 GUIDANCE LATEST PRESENTATION Q4 2020 PRODUCTION REPORT Q4 AND YE2020 FINANCIAL 2020 RESERVES AND RESOURCES
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?
GCM Mining Announces Second Quarter 2022 Results Webcast T.GCM |
TORONTO, Aug. 02, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it will release its second quarter and first half 2022 results after market close on Thursday, August 11, 2022 and will host a conference call and webcast on Friday, August 12, 2022 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows: Live Event link: https://edge.media-server.com/mmc/p/yswncieo Canada/ International Toll: 1 (647) 484-8332 PIN: 19483475# Canada Toll Free: 1 (866) 455-3403 PIN: 19483475# United States Toll: 1 (404) 400-0571 PIN: 19483475# United States Toll Free: 1 (866) 374-5140 PIN: 19483475# Colombia Toll: +57 601 485-0348 PIN: 19483475# Colombia Toll Free: +57 800 519-0788 PIN: 19483475# Conference ID: EV00136622
from Friday, August 12, 2022 until Friday, September 9, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is a leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to timing for dissemination of second quarter and first half 2022 financial results and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com
Frank Giustra & Ian Telfer - The Bull Case for Gold 672 views Jul 20, 2022 Subscribe to The Meb Faber Show
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 )
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on September 15, 2022 to shareholders of record as of the close of business on August 31, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at http://www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com
Patriot Derek Johnson and Nicholas Veniamon Discuss Trump's Law & Order, EO's and the Take Down of the Cabal (Derek's Info Below) Real Truth Real News Published September 8, 2022
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
JESUS PRAYERS SITUATION - 10,000 PEOPLE A DAY BEING KILLED BY COVID VACCINES - Have most big pharma docs become mass killers fooled by fraud media to pr bio-jabs - UPDATE, AUG 17, 2022 WATCH
Iran Threatens to Assassinate Trump and Pompeo After Attack on Salman Rushdie Iran state media has announced in a blaring editorial on its front page that the assassination of President Donald Trump and former Secretary of State Mike Pompeo is in the cards.
NO PEACE Biden NWO Depopulation WW3 Genocide; Poland reveals number of crossings from Ukraine More than 5.5 million people have crossed the country's border since the beginning of the Russian military offensive
BS Obama kept classified nuclear documents too – Trump The former president accused his predecessor of doing the same thing that supposedly got his Florida home raided
TRUE Glenn reacts to FBI raid of Trump home: A ‘MASSIVE MOVE' 108,137 views Aug 9, 2022 If you are NOT for the destruction of America, Glenn says, then you better pay attention to our federal government…
mick JOIN Praying for America | Repeated Democrat Weaponization of the Government Against Republicans 8/9/22 Right Side Broadcasting Network Published August 10, 2022
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
https://www.bitchute.com/video/XuRGQ0Epvggt/ A growing list of plaintiffs has just won a preliminary discovery challenge in federal court going after the Biden Administration’s collusion with Big Tech in censoring the truth about COVID-19, Election 2020 integrity and the Hunter Biden laptop story.
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 )
$Gold & $Silver turns sharply higher on sudden bank collapse - $Gold & $Silver doesn’t need a crisis to move higher, but it definitely loves a crisis.’
$GOLD & $SILVER THE REAL MONEY - $Gold Has The Potential To Hit $3,000 Or $4,000 An Ounce In 2023 Forbes Frank Holmes Contributor
$Patagonia is focused on the $Calcatreu Gold and Great $Silver project in Rio Negro Province, Argentina and the $Cap Oeste underground resource, with the potential for processing at the $M. Martha plant in Santa Cruz Province, Argentina.
$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. :-))
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