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.
TM 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.
$TM GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations June 27, 2022
$TM 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
trunkmonk 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?
JOHN SOLOMON: Memos Reveal Biden White House Worked Directly with DOJ, National Archives to Instigate Criminal Investigation into Trump’s Handling of Documents August 22, 2022, 8:25pmby Cristina Laila 530 Comments
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year. This brings the total gold production for the first eight months of 2022 to 139,952 ounces, up from 133,891 ounces in the first eight months last year. Segovia’s trailing 12-months’ total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021. The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
Benefitting from the completion of the expansion of capacity at its Maria Dama processing plant at Segovia in August 2022, GCM Mining processed a total of 57,073 tonnes in the month, representing a daily processing rate of 1,841 tpd, compared with 50,245 tonnes and 1,621 tpd in August 2021. Segovia’s head grades averaged 11.3 g/t in August 2022 compared with 12.0 g/t in August last year. For the first eight months of 2022, a total of 401,394 tonnes (equivalent to 1,652 tpd) were processed at Segovia at an average head grade of 12.0 g/t compared with a total of 365,805 tonnes (equivalent to 1,505 tpd) at an average head grade of 12.7 g/t in the first eight months last year. Production activities in the Company’s mines and in the small-scale mines in its Segovia mining title in July and August were impacted by a temporary shortage in the supply of detonators for explosives. The situation is beginning to normalize and this should benefit production through the balance of the year.
The Company also processed an average of 107 tpd of tailings in August 2022 at its polymetallic plant at Segovia resulting in the production of approximately 133 tonnes of zinc concentrate and approximately 106 tonnes of lead concentrate. Payable production from the concentrates in August 2022 is estimated to total approximately 124,000 pounds of zinc, 137,000 pounds of lead, 9,900 ounces of silver and 128 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped. To date, the Company has produced a total of approximately 926 tonnes of lead concentrate and 1,071 tonnes of zinc concentrate which have been stockpiled. Transportation of the first concentrates to port has commenced this week and the first shipment to the international offtake customer is expected to take place before the end of September.
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 its production and production guidance 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
ENJOY WATCH LIVE: PRESIDENT DONALD TRUMP HOLDS SAVE AMERICA RALLY IN MESA, AZ – 10/9/22 by RSBN Sunday, October 9, 2022: Join the RSBN broadcast team LIVE from Mesa, AZ for all day coverage of President Donald J. Trump’s SAVE AMERICA rally in Mesa, AZ. President Donald…
REPLAY: PRESIDENT DONALD TRUMP HOLDS SAVE AMERICA RALLY IN MINDEN, NV – 10/8/22 by RSBN Saturday, October 8, 2022: Join the RSBN broadcast team LIVE in Minden, NV for all day coverage of President Donald J. Trump’s SAVE AMERICA rally. President Donald J. Trump, 45th…
US MILITARY PREPARING FOR TOTAL GRID COLLAPSE. GET YOUR MONEY OUT? 4,573 views Oct 8, 2022
Trump calls for return to paper ballots, end of no-excuses mail-in voting "You would have elections that everybody could be proud of. Because right now this country is a laughingstock all over the world," former president said in an interview with Just the News
Everything has been stolen from us who follow the Law out country has been destroyed the Voter Fraud is massive
Large Garbage Bag Used To Transfer Stacks of Absentee Ballots From Detroit Drop Box…Is This What SOS Benson Means When She Says MI Elections Were “Most secure in history”? October 5, 2022
HUGE! Election Company Konnech CEO Eugene Yu Arrested in Los Angeles for Theft of Personal Data of Election Workers – Data Sent to China! By Brian Lupo Published October 4, 2022 at 5:00pm 265 Comments
Nothing is to late when its about murder, genocide, war destruction etc. The Ultimate Gold Buy Signal As US Savings Continue To Collapse October 03, 2022
Germany bankrupt again - May Become Poland Land - Poland formally demands $1.2 trillion from Germany Warsaw wants Berlin to negotiate a “final settlement” on the consequences of Adolf Hitler’s aggression
Aris Mining is a Canadian mining company listed on the TSX under the symbol “ARIS”. Aris Mining (formerly known as Aris Gold) is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Mining operates the Segovia and Marmato mines in Colombia, which together produced over 230,000 ounces of gold in 2021. The company is also the operator and 20% owner of the world class Soto Norte project in Colombia, with an option to increase to 50%. Aris Mining also owns the advanced stage Toroparu project in Guyana and the Juby project in Ontario, Canada. https://www.aris-mining.com/overview/default.aspx Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment. https://www.aris-mining.com/about-us/about-aris-mining/default.aspx
Bullish Chart for Aris Aris closed over the 100 day moving average and broke a resistance line that has capped the price for 3 months.
The data on Yahoo Finance before GCM was delisted, the shares short was 843,000 shares as of Sept 15. Today, nearly all of those shares sold short are underwater. We may see a short covering rally . The low trading volume of under 150k a day indicates they haven't covered significant amounts of short sales
WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
MAGA; WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
RE: The Trump Card is very, very close to being played!
Under Section 3 of the 14th Amendment of the United States Constitution,
"No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof."
Election Fraud would be a serious felony under normal circumstances, but under an active state of war it would be considered an act of treason. Think back Re: Kavanaugh conf. hearings. What are the requirements for a civilian to be tried for treason? We have been in a state of war since 2001.
Pelosi and all other members of Congress are NO LONGER members of Congress, they've forfeited their rights and offices by committing an act of TREASON.
They are no longer lawful members of Congress, (and this doesn't even include the Supreme Court justices who are complicit in carrying out this treason against our Nation!!), thanks to Section 3 of 14th Amendment. They are now considered enemies of the Republic who have aided a foreign power in stealing an election. When you have committed an act of treason, you forfeit your rights as an American. You have no rights. Military law vs civilian law?
Any evidence is admissible in a military tribunal court, so Pelosi's stolen laptop, along with the other 11 stolen laptops, can be used in her military tribunal along with everything else Pelosi has done, to lock her and the others away for good.
History will show that Donald Trump tried every legal avenue to solve this crisis against our Constitution. It will show that all others failed to address this Act of Treason. He tried to resolve this peacefully. His only recourse left was to use the military, but it will be a LAWFUL use of the military as these people have broken their oaths and committed TREASON and INSURRECTION.
President Donald J. Trump is LEGALLY REQUIRED to act on this because of his own oath to the Constitution, to protect our Republic from enemies Foreign AND DOMESTIC.
The crimes on their indictments will read; TREASON, SEDITION, and CRIMES AGAINST HUMANITY. When the whole world finds out they launched a virus to steal an election, the Great Awakening will begin. They've sealed their fates!
And again, remember the brilliant preemptive/ offensive maneuver our President made when he signed the Executive Order and National Emergency Act on September 12, 2018...Any foreign or domestic interference in our National Elections carry severe consequences!
Of course high treason being chief among them as well as asset seizure/forfeiture, including those who deliberately aid in the execution and dissemination of misleading propaganda enforcing such treasonous activities!
Trump Card! by veloyt
Hurricane Ian live updates: Makes landfall with catastrophic wind & storm surge | LiveNOW from FOX 78,037 watching now Started streaming 11 hours ago
President Trump Warns of World War III – Says Possible Nuclear War Keeps Him Up at Night By Joe Hoft Published September 28, 2022 at 12:00pm 503 Comments
Florida Gov. Ron DeSantis’s (R) team on social media assured the Sunshine State that its officials are ready and willing to help all Floridians who will be impacted by Hurricane Ian, regardless of vaccination status, after President Biden deemed getting vaccinated a “vital part” of hurricane prep.
NWO; House passes bill to make it tougher to decertify elections amid fears Trump may contest 2020 results The legislative effort could lend credence to speculation that Trump is angling to challenge to the 2020 election through his 2022 midterm endorsements.
Pro-Vaccine Cardiologist Now Calls for Immediate End to COVID Vaccines In a peer-reviewed article published in the Journal of Insulin Resistance, Dr. Aseem Malhotra called for the immediate end of the COVID-19 vaccine rollout and the “pandemic of misinformation on COVID-19 mRNA vaccines.”
Trump Already Won & We Are Living Through The Change! He Set Us Up For Success! Truth Is Freeing Us! - On The Fringe Saturday, September 24, 2022 19:18
NATIONS ANNIHILATED! Is The Great Reset Worth World War III? Yep exactly all Planned Everyone in the USA should see this! It is short but goes to the direct facts. Basic math explains why mass immigration destroys wages and smashes family formation
The plan is to bring in 100 million to pour into the US and remake Mexico, US and Canada a regional government. The WEF plan to REMAKE Mexico, US, and Canada's borders EXPOSED! | Redacted with Clayton Morris 11:07
Friday, September 23, 2022: Join the RSBN broadcast team LIVE from Wilmington, NC for all day coverage of President Donald J. Trump's SAVE AMERICA rally. Tune in at 12:00 PM ET!
President Donald J. Trump, 45th President of the United States of America, will hold a rally in Wilmington, North Carolina on Friday, September 23, 2022, at 7:00PM EDT.
URGENT WARNING. I AM GETTING CANCELED FOR THIS. NUKE ALERT. 13,813 views Sep 23, 2022 #BREAKING #ECONOMY #NEWS
"TAKE CHINA OUT" AMERICAN TROOPS BEING PREPARED TO DIE FOR TAIWAN. WHITE HOUSE STANDS BY BIDEN NWO DESTRUCTION OF USA & RUSSIA - NO PEACE - ONLY DEPOPULATION GENOCIDE OF PEOPLE 81,598 views Sep 19, 2022
All Need Peace; GOD Pray Needed; Trump warns of World War III The Ukraine conflict could end in a world war, but would not be happening if he were in power, the former US president claims
Banks worried about “monster” $700 trillion derivatives market as credit tightens.
The $700 Trillion Monster August 25 (King World News) – Alasdair Macleod: In this article we look at the consequences of contracting bank credit on the economy, financial markets, and commodities. It is a developing global condition.
HUGE! Election Company Konnech CEO Eugene Yu Arrested in Los Angeles for Theft of Personal Data of Election Workers – Data Sent to China! By Brian Lupo Published October 4, 2022 at 5:00pm 265 Comments
Nothing is to late when its about murder, genocide, war destruction etc. The Ultimate Gold Buy Signal As US Savings Continue To Collapse October 03, 2022
Germany bankrupt again - May Become Poland Land - Poland formally demands $1.2 trillion from Germany Warsaw wants Berlin to negotiate a “final settlement” on the consequences of Adolf Hitler’s aggression
Aris Mining is a Canadian mining company listed on the TSX under the symbol “ARIS”. Aris Mining (formerly known as Aris Gold) is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Mining operates the Segovia and Marmato mines in Colombia, which together produced over 230,000 ounces of gold in 2021. The company is also the operator and 20% owner of the world class Soto Norte project in Colombia, with an option to increase to 50%. Aris Mining also owns the advanced stage Toroparu project in Guyana and the Juby project in Ontario, Canada. https://www.aris-mining.com/overview/default.aspx Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment. https://www.aris-mining.com/about-us/about-aris-mining/default.aspx
Bullish Chart for Aris Aris closed over the 100 day moving average and broke a resistance line that has capped the price for 3 months.
The data on Yahoo Finance before GCM was delisted, the shares short was 843,000 shares as of Sept 15. Today, nearly all of those shares sold short are underwater. We may see a short covering rally . The low trading volume of under 150k a day indicates they haven't covered significant amounts of short sales
WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
MAGA; WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
RE: The Trump Card is very, very close to being played!
Under Section 3 of the 14th Amendment of the United States Constitution,
"No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof."
Election Fraud would be a serious felony under normal circumstances, but under an active state of war it would be considered an act of treason. Think back Re: Kavanaugh conf. hearings. What are the requirements for a civilian to be tried for treason? We have been in a state of war since 2001.
Pelosi and all other members of Congress are NO LONGER members of Congress, they've forfeited their rights and offices by committing an act of TREASON.
They are no longer lawful members of Congress, (and this doesn't even include the Supreme Court justices who are complicit in carrying out this treason against our Nation!!), thanks to Section 3 of 14th Amendment. They are now considered enemies of the Republic who have aided a foreign power in stealing an election. When you have committed an act of treason, you forfeit your rights as an American. You have no rights. Military law vs civilian law?
Any evidence is admissible in a military tribunal court, so Pelosi's stolen laptop, along with the other 11 stolen laptops, can be used in her military tribunal along with everything else Pelosi has done, to lock her and the others away for good.
History will show that Donald Trump tried every legal avenue to solve this crisis against our Constitution. It will show that all others failed to address this Act of Treason. He tried to resolve this peacefully. His only recourse left was to use the military, but it will be a LAWFUL use of the military as these people have broken their oaths and committed TREASON and INSURRECTION.
President Donald J. Trump is LEGALLY REQUIRED to act on this because of his own oath to the Constitution, to protect our Republic from enemies Foreign AND DOMESTIC.
The crimes on their indictments will read; TREASON, SEDITION, and CRIMES AGAINST HUMANITY. When the whole world finds out they launched a virus to steal an election, the Great Awakening will begin. They've sealed their fates!
And again, remember the brilliant preemptive/ offensive maneuver our President made when he signed the Executive Order and National Emergency Act on September 12, 2018...Any foreign or domestic interference in our National Elections carry severe consequences!
Of course high treason being chief among them as well as asset seizure/forfeiture, including those who deliberately aid in the execution and dissemination of misleading propaganda enforcing such treasonous activities!
Trump Card! by veloyt
Hurricane Ian live updates: Makes landfall with catastrophic wind & storm surge | LiveNOW from FOX 78,037 watching now Started streaming 11 hours ago
President Trump Warns of World War III – Says Possible Nuclear War Keeps Him Up at Night By Joe Hoft Published September 28, 2022 at 12:00pm 503 Comments
Florida Gov. Ron DeSantis’s (R) team on social media assured the Sunshine State that its officials are ready and willing to help all Floridians who will be impacted by Hurricane Ian, regardless of vaccination status, after President Biden deemed getting vaccinated a “vital part” of hurricane prep.
NWO; House passes bill to make it tougher to decertify elections amid fears Trump may contest 2020 results The legislative effort could lend credence to speculation that Trump is angling to challenge to the 2020 election through his 2022 midterm endorsements.
Pro-Vaccine Cardiologist Now Calls for Immediate End to COVID Vaccines In a peer-reviewed article published in the Journal of Insulin Resistance, Dr. Aseem Malhotra called for the immediate end of the COVID-19 vaccine rollout and the “pandemic of misinformation on COVID-19 mRNA vaccines.”
Trump Already Won & We Are Living Through The Change! He Set Us Up For Success! Truth Is Freeing Us! - On The Fringe Saturday, September 24, 2022 19:18
NATIONS ANNIHILATED! Is The Great Reset Worth World War III? Yep exactly all Planned Everyone in the USA should see this! It is short but goes to the direct facts. Basic math explains why mass immigration destroys wages and smashes family formation
The plan is to bring in 100 million to pour into the US and remake Mexico, US and Canada a regional government. The WEF plan to REMAKE Mexico, US, and Canada's borders EXPOSED! | Redacted with Clayton Morris 11:07
Friday, September 23, 2022: Join the RSBN broadcast team LIVE from Wilmington, NC for all day coverage of President Donald J. Trump's SAVE AMERICA rally. Tune in at 12:00 PM ET!
President Donald J. Trump, 45th President of the United States of America, will hold a rally in Wilmington, North Carolina on Friday, September 23, 2022, at 7:00PM EDT.
URGENT WARNING. I AM GETTING CANCELED FOR THIS. NUKE ALERT. 13,813 views Sep 23, 2022 #BREAKING #ECONOMY #NEWS
"TAKE CHINA OUT" AMERICAN TROOPS BEING PREPARED TO DIE FOR TAIWAN. WHITE HOUSE STANDS BY BIDEN NWO DESTRUCTION OF USA & RUSSIA - NO PEACE - ONLY DEPOPULATION GENOCIDE OF PEOPLE 81,598 views Sep 19, 2022
All Need Peace; GOD Pray Needed; Trump warns of World War III The Ukraine conflict could end in a world war, but would not be happening if he were in power, the former US president claims
Banks worried about “monster” $700 trillion derivatives market as credit tightens.
The $700 Trillion Monster August 25 (King World News) – Alasdair Macleod: In this article we look at the consequences of contracting bank credit on the economy, financial markets, and commodities. It is a developing global condition.
$trunkmonk Thanks - GOD'S $Gold On Fire - $NEWS - $Monument Reports Second Quarter Fiscal 2023 ("Q2 FY2023") Results March 1, 2023 View PDF Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
Vancouver, B.C., March 1, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its production and financial results for the second quarter of fiscal 2023 and the six months ended December 31, 2022. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “I am pleased to report during the second quarter our Selinsing Gold Mine has filtered first gold concentrates with completion of dry/wet flotation plant commissioning. The ramp up period commenced subsequent to the second quarter yet to bring the project to commercial production.”
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks - WELL; Monument Mining OWN & HAVE 3 GOLD MILLS NOW - And :-)) Selinsing have One BIOX and One New SULPHIDE MILL - :-))
Well Monument Mining have produced 1000 Gold Bars - :-)) and the next 1000 Gold Bars should go much faster with the new MILL - :-))
RE: NEWS - Monument Mining President and CEO Cathy Zhai commented, “During commissioning we have identified some bottlenecks and are working with Mincore to fix them. Up to date the flotation plant has delivered saleable concentrate of approximately 1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. :-))
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: - Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000 tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about $25 million or about $0.08 per share in free cash flows or equivalently in the absence of taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual earnings
So todays NR provided an excellent insight into our FP production outlook . As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is quite reassuring.
Considering that we have over $75 million in asset value in our Murchison Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3 Q3 is this quarter ending March 31/23. We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of concentrate , containing 1.1 ounces per ton which is about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it , up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of bullion in Inventory that was saved from Q2 and Q3 production in F22..
So, with breast plate production of about 5000 ounces for March....if no more significant hiccups.. and nearly 2000 ounces in the bag already , along with over 3000 ounces of bullion in our vaults, we could see up to 10,000 ounces sold in Q3...?..if all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS this week at PDAC should be made -
Company Profile & Information (TSXV:MMY) Contact Information Address 1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6 Telephone +1 604 638-1661 Website http://www.monumentmining.com Fax +1 604 638-1663 Email info@monumentmining.com Details CEO Cathy Zhai
Issue Type Common Stock ISOCFI ESVUFR Auditor GRANT THORNTON LLP Last Audit Unqualified Opinion
Well we have produced 1000 Gold Bars - :-)) and the next 1000 should go much faster with the new MILL - :-))
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