CA Market News
3週前
Goldmoney Inc. Reports Fiscal Year 2026 Annual Results and Publishes Annual Letter to ShareholdersJune 22, 2026 5:15 PM
NewsfileTortola, British Virgin Islands--(Newsfile Corp. - June 22, 2026) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company"), today announced financial results for the fiscal year ended March 31, 2026. All amounts are expressed in Canadian dollars unless otherwise noted. Financial Highlights(1)Group Tangible Equity of $209 million, an increase of 39% YoY.Group Tangible Equity per share of $16.68, an increase of 44% YoY.Group Tangible Equity per share excluding MENE of $15.62, an increase of 47% YoY.Repurchased and cancelled total of 737,100 shares at an average purchase price of $10.30 in fiscal year 2026. In total, shares outstanding were reduced by 3% YoY.Annual Performance Metrics Table($000s, except earnings per share)
2026
2025
2024
2023
2022
Key Performance Metrics (Balance Sheet)
Shares outstanding
12,540
12,925
13,137
13,996
15,126
Tangible Equity exclusive of MENE
195,828
137,337
105,457
107,599
100,032
Tangible Equity per share exclusive of MENE
15.62
10.63
8.03
7.69
6.61
Total assets
384,609
341,916
244,092
228,222
233,814
Total liabilities
161,473
178,939
102,914
56,099
58,878
Key Performance Metrics (Operational)
Total operating income
65,446
34,370
24,409
21,508
13,179
Net income (loss)
64,098
14,570
(22,087)
5,345
(7,228) Annual Shareholder LetterRead the full Goldmoney Inc. Fiscal Year 2026 Shareholder Letter here.About Goldmoney Inc.Goldmoney Inc. (TSX: XAU) is dedicated to the ownership and safekeeping of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about Goldmoney, visit goldmoney.com.Financial Information and IFRS StandardsThe selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company's consolidated financial statements for the fiscal year ended March 31, 2026 and prepared in accordance with IFRS Accounting Standards ("IFRS") and the corresponding management's discussion and analysis ("MD&A"), which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.(1)Non-IFRS MeasuresThis news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.Non-IFRS Liquidity Position is calculated as the total of cash and cash equivalents, precious metals, receivables, prepaids and other assets, accounts payable and accrued liabilities, and the current portion of mortgage payable.Tangible Equity is a non-IFRS measure calculated as the total of Non-IFRS Liquidity Position, investment property, property and equipment, investment in associate, and non-current mortgage payable, excluding deferred revenue, intangible assets, and goodwill.For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled "Reconciliation of Non-IFRS Financial Measures" in the Company's MD&A for the year ended March 31, 2026.Media and Investor Relations inquiries:Sean Ty
Chief Financial Officer
Goldmoney Inc.
+1 647 250 7098Forward-Looking StatementsThis news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.Forward-looking information in this release includes, but is not limited to, statements with respect to the business objectives of the Company. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302465 Original: Goldmoney Inc. Reports Fiscal Year 2026 Annual Results and Publishes Annual Letter to Shareholders
CA Market News
5月前
Goldmoney Inc. Reports Results for the Quarter Ended December 31, 2025February 5, 2026 5:00 PM
NewsfileTortola, British Virgin Islands--(Newsfile Corp. - February 5, 2026) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company"), today announced financial results for the fiscal 2026 third quarter for the period ended December 31, 2025. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Equity of $179.9 million, an increase of 8.3% QoQGroup Tangible Equity per share of $14.45, an increase of 10.3% QoQGroup Tangible Equity per share excluding MENE of $13.43, an increase of 10.9% QoQNon-IFRS Adjusted Net Income of $21.4 million, an increase of 224.7% QoQRepurchased and cancelled total of 222,700 shares at an average price of $11.41 for the third quarter ended December 31, 2025. Quarterly Performance Metrics Table ($000s, except earnings per share)2026
2025
2024
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Key Performance Metrics (Balance Sheet)
Shares outstanding12,454
12,677
12,602
12,925
13,348
13,182
13,060
13,137
Tangible equity exclusive of MENE 167,289
153,458
145,218
137,337
126,164
122,631
113,217
105,457
Tangible equity per share exclusive of MENE 13.43
12.11
11.52
10.63
9.45
9.30
8.67
8.03
Key Performance Metrics (Operational)
Total operating income23,906
9,254
13,233
11,550
6,986
6,625
9,209
7,159
Net income (loss)17,850
6,769
9,496
10,442
2,891
(3,896)5,132
(32,095) Non-IFRS adjusted net income21,411
6,593
9,585
7,697
3,874
4,361
6,627
4,217
About Goldmoney Inc.Goldmoney Inc. (TSX: XAU) specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about Goldmoney, visit goldmoney.com.Financial Information and IFRS StandardsThe selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company's condensed consolidated interim financial statements for the quarter ended December 31, 2025 and prepared in accordance with IFRS Accounting Standards ("IFRS") and the corresponding management's discussion and analysis ("MD&A"), which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.Non-IFRS MeasuresThis news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.Tangible Equity is a non-IFRS measure. This figure excludes from total shareholder equity (i) intangibles, and (ii) goodwill, and is useful to demonstrate the tangible capital employed by the business.Non-IFRS Adjusted Net Income is a non-IFRS measure, defined as total comprehensive income (loss) adjusted for non-cash and non-core items which include, but is not limited to, revaluation of precious metal inventories, fair value movements, stock-based compensation, depreciation and amortization, foreign exchange fluctuations and gains and losses on investments.For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled "Reconciliation of Non-IFRS Financial Measures" in the Company's MD&A for the period ended December 31, 2025.Media and Investor Relations inquiries:Sean Ty
Chief Financial Officer
Goldmoney Inc.
+1 647 250 7098Forward-Looking StatementsThis news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.Forward-looking information in this release includes, but is not limited to, statements with respect to: financial performance and growth of the Company's business; expected results of operations, the market for the Company's products and services and competitive conditions; and the establishment of a real estate investment strategy. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282925
Original: Goldmoney Inc. Reports Results for the Quarter Ended December 31, 2025
NYBob
4年前
$Geodan HYPERINFLATION ALERT: Expect A Surge To $2,200 Near Term As Soaring Inflation Cripples Economies
March 23, 2022
https://kingworldnews.com/hyperinflation-alert-expect-a-surge-to-2200-near-term-as-soaring-inflation-cripples-economies/
$Gold Is The Only Truly Safe Holding, Plus This Will Be Extremely Bullish For Silver
March 16, 2022
https://kingworldnews.com/gold-is-the-only-truly-safe-holding-plus-this-will-be-extremely-bullish-for-silver/
$GCM Mining Provides Production Update; Declares April 15, 2022 Monthly Dividend; Announces 2021 Fourth Quarter and Year End Results Webcast
March 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCMMining-Provides-Production-Update-Declares-April-15-2022-Monthly-Dividend-Announces-2021-Fourth-Quarter-and-Year-End-Results-Webcast/default.aspx
TORONTO, March 15, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 17,184 ounces of gold in February 2022, up from 15,360 ounces of gold in February last year. This brings the total gold production for the first two months of 2022 to 33,658 ounces, up from 30,415 ounces in the first two months last year. Segovia’s trailing 12-months’ total gold production at the end of February 2022 was 209,632 ounces, up about 1.6% over last year.
GCM Mining processed a total of 48,512 tonnes in February 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,733 tonnes per day (“tpd”), compared with 42,345 tonnes and 1,512 tpd in February 2021. Segovia’s head grades averaged 12.2 g/t in February 2022 compared with 12.5 g/t in February last year. For the first two months of 2022, a total of 90,527 tonnes were processed at Segovia at an average head grade of 12.8 g/t compared with a total of 83,771 tonnes at an average head grade of 12.6 g/t in the first two months last year.
The Company continued to operate the new 200 tpd polymetallic plant at Segovia in test mode in February, processing an average of approximately 98 tpd of tailings resulting in the production of approximately 110 tonnes of zinc concentrate and approximately 86 tonnes of lead concentrate which have been stockpiled and are awaiting shipment once contractual agreements are finalized for the sale of the concentrates. Payable production from the concentrates in February 2022 is estimated to total approximately 91,000 pounds of zinc, 100,000 pounds of lead, 8,000 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 announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on April 15, 2022 to shareholders of record as of the close of business on March 31, 2022.
2021 Fourth Quarter and Year End Results Webcast
GCM Mining announced today that it will release its fourth quarter and annual results for 2021 after market close on Thursday, March 31, 2022 and will host a conference call and webcast on Friday, April 1, 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/rizkrutc
Canada/ International Toll: 1 (647) 484-8332 PIN: 21424747#
Canada Toll Free: 1 (866) 455-3403 PIN: 21424747#
United States Toll: 1 (404) 400-0571 PIN: 21424747#
United States Toll Free: 1 (866) 374-5140 PIN: 21424747#
Colombia Toll: +57 601 485-0348 PIN: 21424747#
Conference ID: EV00133198
A replay of the webcast will be available at www.gcm-mining.com from Friday, April 1, 2022 until Friday, April 29, 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 Segovia Operations. Segovia produced 206,000 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), Denarius Metals Corp. (27%; 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"----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
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCMMining-Provides-Production-Update-Declares-April-15-2022-Monthly-Dividend-Announces-2021-Fourth-Quarter-and-Year-End-Results-Webcast/default.aspx
Source: GCM Mining Corp.
View All News
$Sanctions against Russia threaten London gold and silver markets, Maguire says
9:16a ET Saturday, March 12, 2022
Dear Friend of GATA and Gold:
Russia, like China, has much more official gold than it has reported and
the two nations are considering using the "nuclear option" against the
petrodollar, London gold trader Andrew Maguire claims in his weekly
interview with Shane Morand for Kinesis Money.
That is, Maguire says, Russia would demand gold as payment for its oil
exports.
Further, Maguire says, the Bank of Russia's increasing acquisition of
domestically produced gold will reduce supply on the international
market, just as economic sanctions against Russia will reduce supply of
Russian silver to the London market.
The interruption of Russian silver supply to London, Maguire says, is
already imperiling silver delivery commitments and silver derivatives,
raising the threat of defaults.
Maguire's interview with Morand is 37 minutes long and can be viewed at
YouTube here:
https://www.youtube.com/watch?v=JJ0XM8fufOQ
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
$They’re Lying, Inflation Is Out Of Control And It’s Bullish For Gold & Silver
February 10, 2022
https://kingworldnews.com/theyre-lying-inflation-is-out-of-control-and-its-bullish-for-gold-silver/
$Expert Says GOLD Could Hit $100,000 Soon!! (Here's How)
78,050 views Mar 8, 2022
https://www.youtube.com/watch?v=35x8N7Va8zg
$GCM Mining - Red Cloud 2022 Pre-PDAC Mining Showcase
142 viewsMar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
$GCM Mining owns approximately 44% of Aris Gold Corporation (TSX: ARIS),
a Canadian mining company currently advancing a major expansion and
modernization of its underground mining operations at its
Marmato Project in Colombia.
$Aris Gold - Red Cloud 2022 Pre-PDAC Mining Showcase
101 viewsMar 6, 2022
https://www.youtube.com/watch?v=XqzsnOmLZNA
$GCM Mining’s project pipeline also includes an approximately 27%
equity interest in Denarius (TSX-V: DSLV) (Spain – Lomero-Poyatos;
Colombia – Guia Antigua and Zancudo) and an approximately 26% equity
interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut –
Meadowbank).
$Gold Market Setting The Stage For A Massive Shorts Squeeze
https://kingworldnews.com/gold-market-setting-the-stage-for-a-massive-shorts-squeeze/
$TM Thanks; SPROTT: Massive Gold Break Out With Price Now Approaching $2,000!
https://kingworldnews.com/sprott-gold-bullion-breaks-out-gold-price-approaching-2000/
$Michael Oliver – We Are On The Face Of A Move That Is
So Dramatic For Gold & Silver That It Erases Any Prior Bull Moves In
Terms Of Dynamics And Percentages
March 05, 2022
https://kingworldnews.com/michael-oliver-we-are-on-the-face-of-a-move-that-is-so-dramatic-for-gold-silver-that-it-erases-any-prior-bull-moves/
$GCM Mining - Red Cloud 2022 Pre-PDAC Mining Showcase
26 views Mar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
$TM Thanks; GOLD SHORT SQUEEZE: Will Russia Demand Payment For Nat
Gas & Oil In Gold?
Investors Pile Into Gold, Plus This Is On The Brink Of Major Upside
Breakout
https://kingworldnews.com/gold-short-squeeze-will-russia-demand-payment-for-nat-gas-oil-in-gold/
$TM Thanks; I’m like others this can triple easy.
I have a strong feeling gold going up with rates, why, most smart money
is getting in, Basil 3 is working, open shorts are closing as we climb,
it’s time. )
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
$GCM Mining Provides January 2022 Production Update; Declares Monthly Dividend to Be Paid on March 15, 2022
February 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Provides-January-2022-Production-Update-Declares-Monthly-Dividend-to-Be-Paid-on-March-15-2022/default.aspx
TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) --
$GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations are continuing to perform as expected in 2022 with gold production of 16,474 ounces of gold in January, up from 15,055 ounces of gold in the month of January 2021.
Segovia’s trailing 12-months’ total gold production at the end of January 2022 was 207,808 ounces, up almost 1% over last year.
GCM Mining processed a total of 42,015 tonnes in January 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,355 tonnes per day (“tpd”), compared with 41,426 tonnes and 1,336 tpd in January 2021. Operating results in January 2022 reflected a scheduled semi-annual four-day plant shutdown for regular maintenance compared with a two-day maintenance shutdown in January 2021.
Taking into consideration the maintenance shutdowns, the Maria Dama plant processed an average of 1,556 tonnes per operating day in January 2022 compared with 1,428 tonnes per operating day in January last year.
Segovia’s head grades averaged 13.5 g/t in January 2022 compared with 12.6 g/t in January last year.
The activities associated with the expansion of the Maria Dama plant from 1500 to 2000 tpd are progressing well and all of the upgrades will be completed by the end of March, except for the expansion of the crushing facility which has been impacted by supply chain delays and is now expected to be completed in the second quarter of 2022.
The new 200 tpd polymetallic plant at Segovia, commissioned in the fourth quarter of 2021, continued to operate in test mode in January, processing an average of approximately 107 tpd of tailings resulting in the production of 81 tonnes of zinc concentrate and 85 tonnes of lead concentrate which have been stockpiled and are awaiting shipment later in the first quarter of 2022.
Payable production from the concentrates is estimated to total approximately 63,000 pounds of zinc, 97,000 pounds of lead, 8,500 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.
GCM Mining continues to expect that the daily processing rate of the polymetallic plant will reach its normal operating capacity in the second quarter of 2022.
GCM Mining will be releasing its 2021 fourth quarter and annual financial results and its 2022 guidance, together with the updated mineral reserve and resource estimates for its Segovia Operations, on or about March 31, 2022. Webcast details will be announced in early March.
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 March 15, 2022 to shareholders of record as of the close of business on February 28, 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 Segovia Operations. Segovia produced 206,000 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), Denarius Metals Corp. (27%; 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 completion of the Maria Dama plant expansion, timing to reach normal capacity at the polymetallic plant, the payment of dividends, timing for dissemination of 2021 financial results, 2022 guidance and the updated mineral reserve and resource estimates, 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, 2021 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
Primary Logo
Source: GCM Mining Corp.
$BTV Investor Alert Video - GCM Mining: Largest Producer of Gold in Colombia
T.GCM
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2022) -
$GCM Mining Corp. (TSX: GCM) - The mid-tier Latin American gold and
silver producer is listed on the TSX under the symbol GCM.
If you cannot view the video above, please visit:
https://b-tv.com/gcm-mining-largest-producer-of-gold-in-colombia-btv-investing-news-30sec/
$GCM Mining Corp.is being featured on BNN Bloomberg from Feb 14th to Feb 18th, 2022, during market hours.
$GCM Mining Corp. (TSX: GCM)
https://www.gcm-mining.com/overview/default.aspx
$GCM Mining Moon Patrol - Segovia Operations
Jan 24, 2022
https://www.youtube.com/watch?v=F1Xj-bS8peY&t=3s
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
NYBob
4年前
$gedan Let's Roll Very Nice NR about Floatation Plant
ORIGINAL: Monument Announces Ground-breaking Ceremony Held at Selinsing For Flotation Construction in Malaysia
2022-03-09 09:30 ET - News Release
VANCOUVER, British Columbia, March 09, 2022 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to report the progress of the flotation plant at the Selinsing Gold Mine in Malaysia, and to announce that a ground-breaking ceremony (Figure 1) has been held at the mine site to herald the return of the principal contractor Seong Henng Engineering Works Sdn Bhd ("Seong Henng") to carry out the construction of the flotation plant.
President and CEO Cathy Zhai commented, "We are very happy to report the progress of the flotation plant construction at Selinsing; our on-site team is managing the project and is overseeing the principal contractor Seong Henng. Together we are working to complete the construction of the flotation plant to a high standard, safely, diligently, on time and on budget ready for dry commissioning at the end of June 2022."
Figure 1: Ground-breaking Ceremony Ribbon Cutting at Selinsing Gold Mine is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2093b803-17fa-495e-9167-279f895ed6c6
Charlie Northfield, General Manager and the project sponsor at the Selinsing Gold Mine commented: "It is a great pleasure to see the return of Seong Henng, our long-standing principal contractor partner, to play a major role in the construction of the flotation plant. Seong Henng is a local Malaysia-based manufacturing Company, and had historically constructed the Selinsing Gold plant and its expansion successfully."
The flotation plant construction includes project management, project validation, flotation design and engineering, procurement, construction and commissioning. The flotation plant construction project is 50% complete to date.
Detailed Engineering Design
Mincore Pty Ltd. ("Mincore") previously completed the detailed engineering design and has now finalized the 3D model of the new flotation processing plant with provision for the future addition of the BIOX(TM) plant and ancillary works (Figure 2).
Figure 2: Finalized 3D Model of Sulphide Flotation Circuit Addition to Selinsing Gold Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af324d08-9757-45c0-8959-aec4cc231596
Procurement
The contract for the supply of flotation cells was awarded to BGRIMM Machinery and Technology Co Ltd of Beijing, China. Manufacture of the flotation cells has been completed and the factory acceptance tests were successfully carried out on January 25th-26th, 2022. Packing is in progress and the shipment is due to depart Tianjin on March 15th, 2022.
Metso Outotec Corporation of Finland is supplying the flotation concentrate and water recovery thickeners. Fabrication work and parts procurement has commenced. Trial assembly is scheduled for April 12th, 2022 and the thickeners are scheduled to be delivered to site in May / June 2022. The thickeners are of segmented / bolted design to allow for rapid assembly once received on site, as time will be short to complete the installation on time.
The flotation concentrate filter press is being supplied by McLanahan Corporation of Pennsylvania, USA ("McLanahan"). All equipment parts are on order and fabrication is underway with expected completion in March 2022. The filter press assembly is due for completion on April 7th, shipping on April 12th and delivery to site in May/June 2022.
Other equipment that is contracted out includes but not limited to: Slurry pumps with 50% complete and shipment is scheduled for May 9th, 2022, the Afromix agitators have been completed and are expected to arrive in Port Klang, Malaysia on March 28th, 2022. The flotation air blowers and compressor were ordered and are in progress with 30% completion, with delivery scheduled for May 27th, 2022. The contract to design, manufacture, deliver and commission the containerized MCC switch room was awarded with delivery is expected on May 13th, 2022. Purchase orders were also issued for the concentrate sampler and the helical rotor reagent pumps; manufacturing was in progress for both orders. Manufacturing of 11kV / 415V transformer was reported as 100% complete.
Major Construction Contractor Engagement
The dedicated project team is complete and comprises the project manager, assistant project manager, lead engineer, senior engineer, electrical engineer, procurement engineer and clerk of works. The project team oversee the construction work.
Seong Henng has been appointed as the principal contractor. They previously carried out construction work to build and expand Selinsing gold processing plant over the past 10 years. They refurbished and commissioned the CITIC ball mill as part of the first phase gravity-only process plant in 2009; built and commissioned the second phase carbon in leach circuit subsequently in 2010; and constructed/commissioned a new CITIC ball mill and three new leach tanks in 2012 for the third phase plant expansion. Seong Henng received the Letter of Award with a commencement date of January 12th, 2022, a contract period of six months and a completion date of July 7th, 2022.
R&D Work
The completed pilot plant comprises ball mill and classifier, rougher / scavenger flotation cells and three stages of cleaner flotation. (Figure 3). A one tonne sample of transition ore was crushed in the laboratory fine jaw crusher to 100% passing 2mm to provide feed for the pilot plant ball mill. The sample was processed using the same reagent regime planned for the full-scale plant. A total of 50kg of flotation concentrate was produced and a sample of this was sent to McLanahan for filter press testwork. Antimony leaching tests were conducted to support gold concentrates marketing efforts.
Figure 3: Flotation Pilot Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e4e3edb-1d0a-4230-8190-25405da06139
Civil Foundation Work
Seong Henng mobilized to site on January 22nd, 2022 and commenced delivery of reinforcing steel (rebar), bar bending equipment, formwork, HDPE piping and fusion machine. Temporary benchmarks were set out for survey tie-in.
Civil foundation work is progressing with the construction of the retaining wall extension. Final excavations were completed, rebar and formwork were installed, and the first concrete pour was carried out on February 17th, 2022 (Figure 4). The retaining wall extension is 50% complete to date. Work in this area will continue in parallel with the new reagents mixing building foundations, followed by civil works for the concentrate and water recovery thickeners, reagents warehouse and the filter press building. Fabrication of structural steel and tanks is ongoing at Seong Henng's workshop.
Figure 4: First Concrete Pour at Flotation Foundation is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db3adc6e-9ec9-46e8-9e99-3b201080fad4
Other contractors working on the construction site have: rerouted the HV power cables to the primary and secondary ball mills, connected power and communications cables to the project office, carried out plate bearing tests over the plant footprint, and tested soil resistivity for the new transformer.
Transition to Flotation
Dry commissioning of the new flotation plant and associated equipment is scheduled to start from June 1st, 2022 onwards. The CIL plant will continue operation until June 30th, 2022. Tie-in and wet commissioning of the flotation plant will commence on July 1st, 2022 and continue to July 14th, 2022. Ore commissioning is expected to start on July 15th, 2022. The gold remaining in circuit will be recovered by emptying the leach and CIL tanks of slurry and bagging the harvested carbon for subsequent elution. The elution circuit will continue to operate for around a month after the CIL plant shutdown.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
There is no doubt that we have a first class crew at Selinsing
and these new pics shows just how quickly the Floatation plant is
proceeding towards full completion and commissioning right on schedule .
Its production initiation will be the rebirth of Selinsing as a significant gold producer,,
$New Pictures
https://monumentmining.com/news-media/photo-gallery/
What’s Next After Gold’s Massive Breakout?
February 18, 2022
https://kingworldnews.com/whats-next-after-golds-massive-breakout/
$bigone Thanks Great; I’m like others this can triple easy.
I have a strong feeling gold going up with rates, why, most smart money
is getting in, Basil 3 is working, open shorts are closing as we climb,
it’s time. )
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
NYBob
4年前
$GOLDAU Thanks; Michael Oliver – We Are On The Face Of A Move That Is
So Dramatic For Gold & Silver That It Erases Any Prior Bull Moves In
Terms Of Dynamics And Percentages
March 05, 2022
https://kingworldnews.com/michael-oliver-we-are-on-the-face-of-a-move-that-is-so-dramatic-for-gold-silver-that-it-erases-any-prior-bull-moves/
$GCM Mining - Red Cloud 2022 Pre-PDAC Mining Showcase
26 views Mar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
$TM Thanks; GOLD SHORT SQUEEZE: Will Russia Demand Payment For Nat
Gas & Oil In Gold?
Investors Pile Into Gold, Plus This Is On The Brink Of Major Upside
Breakout
https://kingworldnews.com/gold-short-squeeze-will-russia-demand-payment-for-nat-gas-oil-in-gold/
$TM Thanks; I’m like others this can triple easy.
I have a strong feeling gold going up with rates, why, most smart money
is getting in, Basil 3 is working, open shorts are closing as we climb,
it’s time. )
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
$GCM Mining Provides January 2022 Production Update; Declares Monthly Dividend to Be Paid on March 15, 2022
February 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Provides-January-2022-Production-Update-Declares-Monthly-Dividend-to-Be-Paid-on-March-15-2022/default.aspx
TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) --
$GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations are continuing to perform as expected in 2022 with gold production of 16,474 ounces of gold in January, up from 15,055 ounces of gold in the month of January 2021.
Segovia’s trailing 12-months’ total gold production at the end of January 2022 was 207,808 ounces, up almost 1% over last year.
GCM Mining processed a total of 42,015 tonnes in January 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,355 tonnes per day (“tpd”), compared with 41,426 tonnes and 1,336 tpd in January 2021. Operating results in January 2022 reflected a scheduled semi-annual four-day plant shutdown for regular maintenance compared with a two-day maintenance shutdown in January 2021.
Taking into consideration the maintenance shutdowns, the Maria Dama plant processed an average of 1,556 tonnes per operating day in January 2022 compared with 1,428 tonnes per operating day in January last year.
Segovia’s head grades averaged 13.5 g/t in January 2022 compared with 12.6 g/t in January last year.
The activities associated with the expansion of the Maria Dama plant from 1500 to 2000 tpd are progressing well and all of the upgrades will be completed by the end of March, except for the expansion of the crushing facility which has been impacted by supply chain delays and is now expected to be completed in the second quarter of 2022.
The new 200 tpd polymetallic plant at Segovia, commissioned in the fourth quarter of 2021, continued to operate in test mode in January, processing an average of approximately 107 tpd of tailings resulting in the production of 81 tonnes of zinc concentrate and 85 tonnes of lead concentrate which have been stockpiled and are awaiting shipment later in the first quarter of 2022.
Payable production from the concentrates is estimated to total approximately 63,000 pounds of zinc, 97,000 pounds of lead, 8,500 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.
GCM Mining continues to expect that the daily processing rate of the polymetallic plant will reach its normal operating capacity in the second quarter of 2022.
GCM Mining will be releasing its 2021 fourth quarter and annual financial results and its 2022 guidance, together with the updated mineral reserve and resource estimates for its Segovia Operations, on or about March 31, 2022. Webcast details will be announced in early March.
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 March 15, 2022 to shareholders of record as of the close of business on February 28, 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 Segovia Operations. Segovia produced 206,000 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), Denarius Metals Corp. (27%; 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 completion of the Maria Dama plant expansion, timing to reach normal capacity at the polymetallic plant, the payment of dividends, timing for dissemination of 2021 financial results, 2022 guidance and the updated mineral reserve and resource estimates, 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, 2021 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
Primary Logo
Source: GCM Mining Corp.
$BTV Investor Alert Video - GCM Mining: Largest Producer of Gold in Colombia
T.GCM
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2022) -
$GCM Mining Corp. (TSX: GCM) - The mid-tier Latin American gold and
silver producer is listed on the TSX under the symbol GCM.
If you cannot view the video above, please visit:
https://b-tv.com/gcm-mining-largest-producer-of-gold-in-colombia-btv-investing-news-30sec/
$GCM Mining Corp.is being featured on BNN Bloomberg from Feb 14th to Feb 18th, 2022, during market hours.
$GCM Mining Corp. (TSX: GCM)
https://www.gcm-mining.com/overview/default.aspx
$GCM Mining Moon Patrol - Segovia Operations
Jan 24, 2022
https://www.youtube.com/watch?v=F1Xj-bS8peY&t=3s
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167654581
NYBob
4年前
$Gold bargain TIA; I’m like others this can triple easy. Gold outperforms
stocks and bonds as traders seek haven assets
By Neil Hume
Financial Times, London
Saturday, February 18, 2022
Gold has made a positive start to the year, outperforming bonds and
equities as skittish investors scour the market
for safe places to park cash.
The metal, used by investors as a store of value in times of stress,
has climbed more than 5% this month and broken above $1,900 a troy
ounce on Friday.
"The potential for a [inflation-induced] monetary policy error and
elevated recession risks are providing support," said Citigroup
analyst Aakash Doshi, who thinks the yellow metal could
hit $1,950 over the next three months.
Others are more bullish. Goldman Sachs believes gold could top its
August 2020 record of above $2,000.
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
$GCM Mining Provides January 2022 Production Update; Declares Monthly Dividend to Be Paid on March 15, 2022
February 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Provides-January-2022-Production-Update-Declares-Monthly-Dividend-to-Be-Paid-on-March-15-2022/default.aspx
TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) --
$GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations are continuing to perform as expected in 2022 with gold production of 16,474 ounces of gold in January, up from 15,055 ounces of gold in the month of January 2021.
Segovia’s trailing 12-months’ total gold production at the end of January 2022 was 207,808 ounces, up almost 1% over last year.
GCM Mining processed a total of 42,015 tonnes in January 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,355 tonnes per day (“tpd”), compared with 41,426 tonnes and 1,336 tpd in January 2021. Operating results in January 2022 reflected a scheduled semi-annual four-day plant shutdown for regular maintenance compared with a two-day maintenance shutdown in January 2021.
Taking into consideration the maintenance shutdowns, the Maria Dama plant processed an average of 1,556 tonnes per operating day in January 2022 compared with 1,428 tonnes per operating day in January last year.
Segovia’s head grades averaged 13.5 g/t in January 2022 compared with 12.6 g/t in January last year.
The activities associated with the expansion of the Maria Dama plant from 1500 to 2000 tpd are progressing well and all of the upgrades will be completed by the end of March, except for the expansion of the crushing facility which has been impacted by supply chain delays and is now expected to be completed in the second quarter of 2022.
The new 200 tpd polymetallic plant at Segovia, commissioned in the fourth quarter of 2021, continued to operate in test mode in January, processing an average of approximately 107 tpd of tailings resulting in the production of 81 tonnes of zinc concentrate and 85 tonnes of lead concentrate which have been stockpiled and are awaiting shipment later in the first quarter of 2022.
Payable production from the concentrates is estimated to total approximately 63,000 pounds of zinc, 97,000 pounds of lead, 8,500 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.
GCM Mining continues to expect that the daily processing rate of the polymetallic plant will reach its normal operating capacity in the second quarter of 2022.
GCM Mining will be releasing its 2021 fourth quarter and annual financial results and its 2022 guidance, together with the updated mineral reserve and resource estimates for its Segovia Operations, on or about March 31, 2022. Webcast details will be announced in early March.
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 March 15, 2022 to shareholders of record as of the close of business on February 28, 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 Segovia Operations. Segovia produced 206,000 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), Denarius Metals Corp. (27%; 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 completion of the Maria Dama plant expansion, timing to reach normal capacity at the polymetallic plant, the payment of dividends, timing for dissemination of 2021 financial results, 2022 guidance and the updated mineral reserve and resource estimates, 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, 2021 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
Primary Logo
Source: GCM Mining Corp.
$BTV Investor Alert Video - GCM Mining: Largest Producer of Gold in Colombia
T.GCM
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2022) -
$GCM Mining Corp. (TSX: GCM) - The mid-tier Latin American gold and
silver producer is listed on the TSX under the symbol GCM.
If you cannot view the video above, please visit:
https://b-tv.com/gcm-mining-largest-producer-of-gold-in-colombia-btv-investing-news-30sec/
$GCM Mining Corp.is being featured on BNN Bloomberg from Feb 14th to Feb 18th, 2022, during market hours.
$GCM Mining Corp. (TSX: GCM)
https://www.gcm-mining.com/overview/default.aspx
$GCM Mining Moon Patrol - Segovia Operations
Jan 24, 2022
https://www.youtube.com/watch?v=F1Xj-bS8peY&t=3s
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167654581
NYBob
5年前
$Mandalay Resources High-Grade Gold Discovered at the Brown’s
Prospect
Oct 26, 2021
Mandalay Resources
Mandalay Resources Corporation is pleased to provide an update on the
deep drilling campaign completed at the Brown’s Prospect - 2 km From
the Shepherd Discovery and Youle Mine at its Costerfield Operation,
Victoria, Australia.
https://www.youtube.com/watch?v=AhdFglar5oQ
$Gold is About to Enter it's Next Leg-Up Michael Oliver:
22,838 views Nov 10, 2021
https://www.youtube.com/watch?v=27yNkh-wuV8
$Mandalay Resources Corporation Announces Financial Results for the
Third Quarter of 2021 more
https://mandalayresources.com/
https://mandalayresources.com/news/
https://mandalayresources.com/investors/investor-presentations/
$MANDALAY RESOURCES CORPORATION ANNOUNCES FINANCIAL
RESULTS FOR THE SECOND QUARTER OF 2021
TORONTO, ON, August 11, 2021 --
Ex....
$Kirkland Lake Gold beside Mandalay's Mine High Grade -
KL should buy MNDJF which is very oversold & undervalued,
IMO!
Announces New High-Grade, Visible-Gold Bearing
Intersections Down-Plunge of Swan Zone, at Cygnet and at Robbin’s Hill
– Fosterville Mine
August 30, 2021
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
$Mandalay Resources Corporation ("Mandalay" or the
"Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce its financial results for the
quarter ended June 30, 2021.
The Company’s condensed and consolidated interim financial results for the quarter ended June
30, 2021, together with its Management’s Discussion and Analysis (“MD&A”) for the
corresponding period, can be accessed under the Company’s profile
on www.sedar.com and on
the Company’s website at
http://www.mandalayresources.com
$All currency references in this press
release are in U.S. dollars except as otherwise indicated.
Second Quarter 2021 Highlights:
• Quarterly revenue of $51.4 million – second highest since Q2 2016;
• Adjusted EBITDA of $23.1 million;
• $12.7 million free cash flow and $26.6 million in net cash flow from operating activities;
• Adjusted net income of $11.5 million ($0.13 or C$0.15 per share);
• Consolidated net income of $4.8 million ($0.05 or C$0.06 per share);
and
• Quarter ending cash balance of $39.1 million.
Dominic Duffy, President and CEO of Mandalay, commented:
“Mandalay Resources is pleased to deliver strong financial results for the second quarter of 2021,
as the Company continues to execute against our operational strategy and is on track to attain
our 2021 production and cost guidance.
During the second quarter, the Company generated $12.7 million in free cash flow and ended the
quarter with a cash balance of $39.1 million. As the Company continues to generate strong free
cash flow, the emerging strength of our balance sheet significantly improves our abilities to fund
near-term growth opportunities. During this quarter, the Company also repaid $3.8 million
towards our Syndicated Facility leaving $51.4 million owing.”
Mr. Duffy continued, “During the quarter the Company generated $51.4 million in consolidated
revenue and $23.1 million in adjusted EBITDA, resulting in an EBITDA margin of 45%, and a year
to date adjusted EBITDA of $49.2 million. Mandalay earned $11.5 million ($0.13 or C$0.15 per
share) in adjusted net income during the second quarter, marking our sixth consecutive quarter
of profitability.”
Mr. Duffy added, “Our consolidated cash and all-in sustaining costs per saleable gold equivalent
ounce during the second quarter of 2021 were $960 and $1,342, respectively, an increase as
compared to the $851 and $1,230 during the same period last year. The main reasons for this
were due to foreign exchange movements, with local currencies strengthening against the U.S.
dollar, a decrease in gold production at Björkdal for the quarter due to lower grade stoping and
increased infill exploration spend at both sites.
https://mandalayresources.com/site/assets/files/3116/mnd_q2_2021_fpr_final.pdf
$Mandalay Resources Corporation Announces Production and
Sales Results for the Second Quarter of 2021 and Change to
Senior Management
TORONTO, ON, July 14, 2021 —
https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf
$Mandalay Resources Corporation ("Mandalay" or the "Company")
(TSX: MND, OTCQB: MNDJF) announced today its production and sales
results for the second
quarter of 2021.
Second Quarter 2021 Production Highlights:
• Solid quarterly production at each site, with further production
improvements expected in
the coming quarters;
• Consolidated saleable gold equivalent production of 28,843 ounces –
fourth consecutive
quarter of increased production; and
• Consolidated 28,115 ounces of gold equivalent sold – second highest
quarterly amount in
three years (since Q2 2018).
Dominic Duffy, President and CEO of Mandalay, commented:
https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf
$Mandalay Resources Extends Main Zone and Confirms the Eastern Extension of Lake Zone at Its Björkdal Operation
Mandalay Resources Corporation
June 29, 2021
https://ca.finance.yahoo.com/news/mandalay-resources-extends-main-zone-110000495.html
https://mandalayresources.com/site/assets/files/3094/2021_06_29_mz_lz_release_final.pdf
$This NR confirms that Costerfield = Fosterville at depth, where gold at
depth is in high grade veins
in quartz with stibnite largely absent.
$Mandalay Resources Corporation Announces Production and
Sales Results for the Second Quarter of 2021 and Change to
Senior Management
TORONTO, ON, July 14, 2021 —
https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf
$Mandalay Resources Corporation ("Mandalay" or the "Company")
(TSX: MND, OTCQB: MNDJF) announced today its production and sales
results for the second
quarter of 2021.
Second Quarter 2021 Production Highlights:
• Solid quarterly production at each site, with further production
improvements expected in
the coming quarters;
This implies that the gold is all free gold recoverable at 90 percent
plus recovery through the gravity circuit.
10,000 square meters times an average of 66.45 g/t over a 1.8 meter
mining width based on 6 holes equates to about 115,000 ounces of free
gold over the Eastern Vein, while....
$Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
June 8, 2021
https://youtu.be/7HcWQpojnHY
https://mandalayresources.com/news/mandalay-resources-extends-the-newly-discovered-shepherd-zone-and-provides-update-on-the-costerfield-mineral-system/
https://mandalayresources.com/news/
Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
T.MND | 7 hours ago
Eastern and Western veining horizons are extended in the Shepherd Zone, with numerous high-grade gold intercepts along a 400 metre strike extent
TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the newly discovered Shepherd Zone at its Costerfield Operation in Victoria, Australia.
The Eastern vein has now been traced over 300 metres (“m”) of strike length and approximately 100 m in vertical extent. The mineralization remains open to the south and at depth (Figure 2).
The Western vein has now been traced over 400 m of strike length and approximately 100 m in vertical extent and remains open to the south and at depth (Figure 4).
$New Drilling Highlights:
Eastern Veining
172.3 g/t gold over true width of 0.27 m in BC213; and
69.5 g/t gold over true width of 1.11 m in BC210 including:
406.0 g/t gold over true width of 0.14 m
Western Veining
33.7 g/t gold over true width of 3.22 m in BC201 including:
127.0 g/t gold over true width of 0.69 m ;
712 . 8 g/t gold over true width of 0.10 m in BC205; and
19.4 g/t gold over true width of 4.84 m in BC210 including:
657.3 g/t gold over true width of 0.13 m
https://mandalayresources.com/news/
So in the coming weeks and months when you see MND going from its current
price to over $10 USD per share,
it will be because big money knows this is another FOSTERVILLE
and they will reprice the stock after the last of
the small retail investors are out.
IMHO the current yoyo trading action is a few market makers
trying to pick off the last of the few remaining loose shares.
by ganndolph1 (174) sth.
https://stockhouse.com/companies/bullboard?symbol=t.mnd&postid=33208812
$Costerfield = Fosterville = BESIDE KIRKLAND LAKE GOLD MINE = WHY KL
SHOULD BUY IT = at depth, where gold at depth is in high grade veins
in quartz with stibnite largely absent.
$The following link shows the Mandalay Resources drilling addressed in
the news release.
https://youtu.be/riDBUuHcT3M
$This NR confirms that Costerfield = Fosterville at depth, where gold at
depth is in high grade veins
in quartz with stibnite largely absent.
This implies that the gold is all free gold recoverable at 90 percent
plus recovery through the gravity circuit.
10,000 square meters times an average of 66.45 g/t over a 1.8 meter
mining width based on 6 holes equates to about 115,000 ounces of free
gold over the Eastern Vein, while
20,000 square meters times an average of 12.2 g/t over a 1.8 meter
mining width based on 4 holes equates to another 42,000 ounces of free
gold at the Western Vein.
Since these results are based on two drilling platforms confirming these
high grade gold intercepts from two different angles, small wonder why
the company has accelerated its exploration drilling program.
This reminds me of Crocodile Gold, except in the case of
Mandalay Resources, 80 percent of the stock is in the hands of large
institutional firms.
Yet their market makers are still capping this stock at
$2.00 USD per share, and hoping that retail investors would
cough up their shares at that bottom basement price.
$MAJOR PRODUCTION UPLIFT, STABLE OPERATIONS
GROWING PRODUCTION
from 81,568 oz gold equivalent in 2018 to 105-117,000 AuEq oz in 2021
$COSTERFIELD GOLD & ANTIMONY MINE IN AUSTRALIA -
Significant production growth expected via Youle vein
Deep hole drilling below Youle and Cuffley
Testing shallow targets around old-workings
Target and generative testing focus in 2021
$BJÖRKDAL GOLD MINE, SWEDEN -
Step change in underground production. Increasing underground production
with higher-grade ore from Aurora zone.
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
https://mandalayresources.com/investors/why-invest/
https://mandalayresources.com/news/mandalay-resources-corporation-discovers-new-gold-rich-structural-domain-below-the-youle-mine-1/
https://www.mandalayresources.com
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5年前
$antman Welcome Gran Colombia Gold is a Canadian-based mid-tier gold producer
listed on the Toronto Stock Exchange and OTCQX with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade Segovia
Operations.
In Guyana, the Company is advancing the recently acquired Toroparu Project,
one of the largest undeveloped gold projects in the Americas.
The Company’s project pipeline also includes equity investments in several
listed issuers advancing minerals projects.
Learn More
https://www.grancolombiagold.com/overview/default.aspx
$Gran Colombia Gold Corp. (TPRFF)(GCM) Corporate Presentation - November 2021
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
DOWNLOAD PDF(OPENS IN NEW WINDOW)
The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price
to hit $2 million in 5 yrs
70,882 views Oct 20, 2021
Kitco NEWS
https://www.youtube.com/watch?v=LCM6YnCpdlE
$Gold price to double as Fed kicks off tightening and economy flatlines
15,513 viewsOct 21, 2021
https://www.youtube.com/watch?v=KLAJUHJpGkM
$Gran Colombia Declares Monthly Dividend to Be Paid on November 15,
2021; Renews Normal Course Issuer Bid for Its Common Shares
October 15, 2021
Download(opens in new window)
TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (“Gran Colombia” 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 November 15, 2021 to shareholders of record as of the close of
business on October 29, 2021.
Renewal of Normal Course Issuer Bid
Gran Colombia also announced today that it has filed with the Toronto Stock Exchange (the “TSX”), and the TSX has accepted, a notice of intention to make a normal course issuer bid (the “NCIB”) for its common shares trading under the symbol GCM (the “Shares”). The NCIB will allow the Company to purchase for cancellation up to 9,570,540 Shares of the Company over a 12-month period, representing 10% of the current issued and outstanding Shares in the public float as of October 6, 2021. As at October 6, 2021, the Company had a total of 98,485,775 Shares issued and outstanding.
The NCIB will commence on October 20, 2021 and terminate on October 19, 2022, or such earlier date on which purchases under the NCIB have been completed. Purchases of Shares under the NCIB will be made through the facilities of the TSX or other alternative Canadian trading systems at the market price of the Shares at the time of acquisition. The average daily trading volume of the Shares for the six months ended September 30, 2021 was 345,204 Shares. Daily purchases will be limited to 86,301 Shares, other than block purchase exceptions. Shares purchased under the NCIB will be cancelled. Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which the Company sought and received approval from the TSX to purchase up to 5,934,811 Shares, the Company purchased 1,536,100 Shares for cancellation through the facilities of the TSX at a volume weighted average trading price of $5.93 per Share during the period from September 4, 2020 to September 3, 2021.
$Gran Colombia has entered into an automatic share purchase plan with
a broker in connection with the NCIB to allow for the purchase of
Shares during certain pre-determined blackout periods.
Outside of these pre-determined blackout periods, Shares will be
purchased at the discretion of senior management of Gran Colombia.
Gran Colombia believes that the Shares may from time to time trade in a price range that does not adequately reflect the value of the Shares in relation to its activities and future prospects. Accordingly, the Board of Directors of Gran Colombia has determined that the repurchase of Shares pursuant to the NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of the Company’s shareholders.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.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", ----
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@grancolombiagold.com
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Declares-Monthly-Dividend-to-Be-Paid-on-November-15-2021-Renews-Normal-Course-Issuer-Bid-for-Its-Common-Shares/default.aspx
$Gran Colombia Announces Third Quarter 2021 Production and Webcast
T.GCM
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,213 ounces of gold at its Segovia Operations in September 2021 bringing the total gold production for the third quarter of 2021 to 49,848 ounces compared with 51,555 ounces from Segovia in the third quarter of 2020. The Company also produced 52,382 ounces of silver at Segovia in the third quarter of 2021, up from 47,560 ounces of silver in the third quarter last year. For the first nine months of 2021, Segovia’s gold and silver production totalled 151,104 ounces and 164,270 ounces, respectively, up from 146,278 ounces of gold and 134,820 ounces of silver in the first nine months of 2020.
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest results, said, “We have maintained a steady pace of production in the third quarter of 2021, which included a planned four-day maintenance shutdown at the Maria Dama plant in July. With our trailing 12-months total gold production from Segovia at the end of the third quarter amounting to 201,187 ounces of gold, up 2% over 2020, we are confident we will meet our production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold.
We are on track to complete our expansion of the Maria Dama plant to
2,000 tonnes per day (“tpd”) in the fourth quarter of 2021 and our mine
and brownfield exploration programs are proceeding as planned.
In addition, commissioning of the new polymetallic plant at Segovia is nearing completion and we expect to have our first concentrate production in the fourth quarter of 2021.
At the end of September 2021, we had a cash position of approximately US$329 million, including the net proceeds of approximately US$268 million from the US$300 million offering of Senior Unsecured Notes due 2026 (“Notes”) completed in August that have been set aside to fund the Toroparu Project in Guyana.
The Gold Notes were fully redeemed in September using a portion of the net proceeds of the Notes. At the end of September 2021, in addition to the Notes, we had CA$18 million of Convertible Debentures outstanding.”
The Segovia Operations processed an average of 1,487 tpd in the third
quarter of 2021 with an average head grade of 12.6 g/t compared with
1,283 tpd at an average head grade of 15.1 g/t in the third quarter
last year.
For the first nine months of 2021, the Segovia Operations processed an
average of 1,513 tpd with an average head grade of 12.7 g/t compared
with 1,259 tpd at an average head grade of 14.7 g/t in the first nine
months last year.
Third Quarter 2021 Results Webcast
Gran Colombia announced today that it will release its results for the 2021 third quarter and first nine months of 2021 after market close on Thursday, November 11, 2021 and will host a conference call and webcast on Friday, November 12, 2021 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/wyypvtrs
Canada Toll / International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 50241486
A replay of the webcast will be available at www.grancolombiagold.com from Friday, November 12, 2021 until Friday, December 10, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.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 production, the repayments of its Gold Notes, 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 Gran Colombia 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, 2021 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 Gran Colombia 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@grancolombiagold.com
trunkmonk Note; Market Analysis » Just 72 Hours from Anarchy – Bill Holter
Just 72 Hours from Anarchy – Bill Holter
By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments
By Greg Hunter’s USAWatchdog.com
https://usawatchdog.com/just-72-hours-from-anarchy-bill-holter/
Note; The Beginning Of The End" | Alasdair MacLeod
1,441 views Premiered 69 minutes ago
Liberty and Finance
61.5K subscribers
https://www.youtube.com/watch?v=BDjtMW8a9u0
Dollar Falls – Bo Polny By Greg Hunter On October 9, 2021 In Political Analysis 14 Comments
By Greg Hunter‘s USAWatchdog.com (Saturday Night Post)
https://usawatchdog.com/darkness-coming-dollar-falls-bo-polny/
Geo-political and financial analyst Bo Polny has long said “. . .
Nothing can stop these people aside from a Biblical intervention from
God.”
According to Polny’s Biblical cycle and timing charts, that’s exactly
what is likely going to happen by the end of the year.
It all centers around the value of the U.S. dollar.
Polny explains, “Bitcoin, years ago, was under a dollar.
Then it was a dollar.
Then it was ten bucks.
Then it was a hundred, and then it was a $1,000.
All they can do is keep bashing it with news and say how horrible it is.
Ultimately, the most horrible currency in the world is the U.S. dollar.
The U.S. dollar is the root of all evil.
$Gran Colombia Gold Corp. (TPRFF) October monthly presentation
https://s27.q4cdn.com/512972177/files/doc_presentations/2021/10/GCM-Corporate-Presentation-October-2021-Final.pdf
$Gran Colombia Announces Segovia Production for August 2021; Declares Monthly Dividend to Be Paid on October 15, 2021
T.GCM
TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) -
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
that it produced 17,377 ounces of gold and 17,915 ounces of silver at
Segovia in August 2021 bringing the total for the first eight months of
the year to 133,891 ounces of gold and 144,796 ounces of silver, up
from 129,082 ounces of gold and 118,570 ounces of silver at Segovia in
the first eight months of 2020.
Gran Colombia processed 50,245 tonnes in August at its Maria Dama plant,
representing a daily processing rate of 1,621 tonnes per day (“tpd”),
and head grades averaged 12.0 g/t in the month. This brings the daily
processing rate for the first eight months of 2021 to an average of
1,505 tpd with an average head grade of 12.7 g/t compared with 1,242
tpd at an average head grade of 14.7 g/t in the first eight months of
2020.
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Segovia-Production-for-August-2021-Declares-Monthly-Dividend-to-Be-Paid-on-October-15-2021/default.aspx
Commissioning of the new polymetallic recovery plant at Segovia has commenced and the Company expects to begin producing concentrate including zinc, lead, gold and silver from its tailings in the fourth quarter of 2021.
With its trailing 12-months total gold production amounting to 201,170 ounces, Gran Colombia remains on track to produce between 200,000 and 220,000 ounces of gold in 2021 from its Segovia Operations.
Monthly Dividend Declaration
Gran Colombia 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 October 15, 2021 to shareholders of record as of the close of business on September 30, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165931235
$Gran Colombia Gold Corp. GCM/TSE > TA Close above CA$5.00 is very bullish!
Close above CA$5.00 is very bullish!
There was strong resistance in the CA$4.96 to CA$5.00 range.
The close above CA$5.00 is very bullish.
The stock has broken resistance and is breaking through the down trend
line on the log chart.
The MACD on the weekly chart is in a clear up trend.
This is one of the most bullish charts I see right now.
Combine that with the gross undervaluation, and this stock
is ready to take off.
by Alf Tanner
$trunkmonk thanks; Gold prices could double from here -
https://www.livewiremarkets.com/wires/gold-prices-could-double-from-here
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views - May 31, 2021
https://youtu.be/XyroIjmQi_I
$John Paulson on Why Gold Goes Parabolic
8,156 views Aug 30, 2021
https://www.youtube.com/watch?v=U7cYaoONWv0
$Mining Newsflash with Gran Colombia Gold and MAG Silver
Aug 19, 2021
Swiss Resource Capital AG
20.9K subscribers
https://www.youtube.com/watch?v=GGPcpvJNCek&t=3s
$Gran Colombia Announces Second Quarter and First Half 2021 Results
August 12, 2021
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Second-Quarter-and-First-Half-2021-Results/default.aspx
TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
the release of its unaudited interim condensed consolidated financial
statements and accompanying management’s discussion and analysis (MD&A)
for the three and six months ended June 30, 2021.
All financial figures contained herein are expressed in U.S. dollars
(“USD”) unless otherwise noted.
Second Quarter and First Half 2021 Highlights
Gran Colombia has completed a major step forward in its strategy to grow through diversification, completing the acquisition on June 4, 2021 of all the shares of Gold X Mining Corp (“Gold X”) it did not already own and then closing a $300 million offering on August 9, 2021 of 6.875% Senior Unsecured Notes due 2026 (the “2026 Notes”) to fund the development of the Toroparu Project in Guyana, to prepay the remaining $18.0 million balance of its Gold Notes and for general corporate purposes. The Company is nearing completion of an updated preliminary economic assessment (“PEA”) for the Toroparu Project incorporating the recently announced high-grade results from the 2020-2021 drilling program undertaken by Gold X.
The Company added a 27% equity interest in Denarius Silver Corp. (“Denarius”) to its portfolio in the first half of 2021, giving it exposure to the Lomero-Poyatos polymetallic deposit located in Spain, in close proximity to the Matsa JV project in the Iberian Pyrite Belt, and to the Guia Antigua and Zancudo Projects in Colombia.
In February 2021, Gran Colombia also successfully brought its spin out of the Marmato Mining Assets to a conclusion, one in which the Company has a continuing equity ownership of 44% in Aris Gold Corporation (“Aris”). The Marmato operating and financial results are only consolidated up to February 4, 2021 and thereafter the Company equity accounts for its investment in Aris.
Gran Colombia published its inaugural sustainability report in June 2021. The report reflects a focused effort on measuring and disclosing the Company’s Environmental, Social and Governance (“ESG”) priorities and performance moving forward. The Company remains committed to the health and safety of its employees, and through COMFAMA Colombia, was the first mining company in Antioquia to secure vaccines for employees and their families. Gran Colombia has purchased 8,000 vaccines (16,000 doses), created educational vaccine campaigns, and has administered over 5,000 first doses with second doses beginning mid-August.
Gran Colombia’s gold production from its Segovia Operations totaled 52,198 ounces in the second quarter of 2021 compared with 44,377 ounces in the second quarter of 2020. Total gold production from Segovia for the first half of 2021 amounted to 101,256 ounces compared with 94,723 ounces in the first half last year. In July 2021, Segovia’s gold production, which reflected the impact of a planned four-day maintenance shutdown at the plant, was 15,258 ounces. This brings the Company’s trailing 12-months total gold production from its Segovia Operations at the end of July 2021 to 201,688 ounces, up 3% over 2020. The Company remains on track with its annual production guidance of 200,000 to 220,000 ounces of gold from Segovia in 2021. Including Marmato production up to February 4, 2021, consolidated gold production for the first half of 2021 was 103,684 ounces compared with 104,475 ounces in the first half last year.
Consolidated revenue amounted to $96.4 million and $198.3 million in the second quarter and first half of 2021, respectively, up from $77.1 million and $178.1 million in the second quarter and first half, respectively, of 2020. The year-over-year increase in revenue largely reflects an increase in the Company’s realized gold price (1) which averaged $1,805 per ounce sold in the first half of 2021 compared with an average of $1,622 per ounce sold in the first half last year.
At the Segovia Operations, total cash costs(1) averaged $767 per ounce in the second quarter of 2021, compared with $654 per ounce in the second quarter of 2020, bringing the average for the first half of 2021 to $796 per ounce compared with $625 per ounce in the first half last year. The year-over-year increase in Segovia’s total cash cost per ounce in the second quarter and first half of 2021 reflects (i) an increase in contractor and artisanal mining payment rates (which had not changed since 2017) implemented in the third quarter of 2020 in response to the current gold market conditions, (ii) higher spot gold prices which increased production taxes on a per ounce basis and (iii) additional costs to maintain the necessary COVID-19 protocols required to protect the health and safety of Segovia’s workers and the local communities. Including Marmato, consolidated total cash costs were $816 per ounce in the first half of 2021 compared with $686 per ounce in the first half last year.
All-in sustaining costs (“AISC”) (1) per ounce sold for the Segovia Operations were $1,101 and $1,110 in the second quarter and first half, respectively, of 2021 compared with $965 and $890 in the second quarter and first half, respectively, of 2020. The year-over-year increase in Segovia’s AISC in 2021 reflects (i) the increased total cash costs as described above and (ii) an increase in mine development and other sustaining capital expenditures. Sustaining capital expenditures at Segovia amounted to $19.9 million in the first half of 2021, up from $13.0 million in the first half last year which reflected a slowdown in activity in the second quarter of 2020 during the early stages of the COVID-19 national quarantine in Colombia that delayed many of the Company’s initiatives until later in 2020. Including Marmato, consolidated AISC in the first half of 2021 was $1,133 per ounce compared with $954 per ounce in the first half last year.
Adjusted EBITDA (1) amounted to $48.0 million for the second quarter of 2021 compared with $37.6 million in the second quarter last year. This brings the total adjusted EBITDA for the first half of 2021 to $94.3 million, up from $88.0 million in the first half of 2020. The Company’s trailing 12-months adjusted EBITDA at the end of June 2021 stood at $194.1 million compared with $187.8 million in 2020.
Net cash provided by operating activities in the second quarter of 2021 was $12.8 million compared with $7.0 million in the second quarter last year. Operating cash flow in the second quarter each year typically bears the heaviest impact of income tax payments in Colombia which amounted to $49.3 million in the second quarter of 2021, up from $35.3 million in the second quarter last year. For the first half of 2021, net cash provided by operating activities amounted to $26.4 million compared with $38.9 million in the first half last year reflecting the increased level of income tax payments in 2021 and $8.8 million of change of control payments made by Aris related to the Aris Transaction.
Free Cash Flow (1) in the second quarter of 2021, which reflected the increased levels of sustaining capital expenditures and income tax payments this year, was negative $3.0 million compared with negative $3.8 million in the second quarter of 2020. Free Cash Flow for the first half of 2021 was negative $0.5 million compared with $14.1 million in the first half of 2020. The Company’s Free Cash Flow, adjusted to exclude Aris, in the first half of 2021 was $11.8 million compared with $20.1 million in the first half last year, reflecting an increased level of income tax payments and capital expenditures at Segovia in the first half of 2021 compared with the first half last year.
The Company’s balance sheet continued to reflect solid liquidity with total cash of $57.8 million and working capital of $59.3 million at the end of June 2021.
The Company returned a total of $7.6 million to shareholders in the first half of 2021 with payment of its monthly dividends totaling $4.4 million and the repurchase of 702,000 shares at a cost of $3.2 million.
Income from operations in the second quarter of 2021 was $39.6 million, up from $30.4 million in the second quarter last year largely on the strength of higher realized gold prices and higher production volume offset partially by the increase in Segovia’s total cash cost per ounce compared with the second quarter last year. Income from operations in the first half of 2021 amounted to $78.7 million compared with $71.3 million in the first half of 2020 despite including five fewer months of operating results from Marmato due to the loss of control of Aris at the beginning of February 2021. In the first half of 2021, the increase in realized gold prices together with lower G&A and share-based compensation expense more than mitigated the impact of Segovia’s higher cash costs per ounce on income from operations.
The Company reported net income of $29.8 million ($0.41 per share) in the second quarter of 2021 compared with a net loss of $18.6 million ($0.27 per share) in the second quarter of 2020, reflecting the $9.2 million improvement in income from operations as noted above and a gain on financial instruments of $1.5 million in the second quarter of 2021 compared with a loss on financial instruments of $35.4 million in the second quarter of 2020. For the first half of 2021, net income amounted to $148.1 million ($2.31 per share) compared with $5.7 million ($0.13 per share) in the first half last year. Net income in the first half of 2021 reflected the $7.4 million improvement in income from operations as noted above and also benefitted from the $56.9 million gain on loss of control of Aris, the $44.3 million gain on financial instruments (compared with a $18.9 million loss on financial instruments in the first half last year) and the $8.9 million gain on sale of the Zancudo Project. Net income in the first half of 2021 included Aris Transaction costs of $9.8 million while net income in the first half of 2020 included Bluenose RTO Transaction costs of $16.7 million.
Adjusted net income (1) for the second quarter of 2021 was $23.6 million ($0.33 per share) compared with $17.5 million ($0.29 per share) in the second quarter last year. For the first half of 2021, adjusted net income improved to $45.5 million ($0.69 per share) from $38.7 million ($0.66 per share) in the first half last year. The year-over-year improvement in adjusted net income in the second quarter and first half of 2021 largely reflects the factors noted above regarding income from operations partially offset by an increase in income tax expense.
The Company’s ongoing drilling program at Segovia continues to provide encouraging results as announced in press releases dated June 9, 2021 and July 12, 2021. Gran Colombia is carrying out 60,000 meters of drilling at Segovia in 2021 with 40,000 meters dedicated to the ongoing in-mine and near-mine drill program at its four operating mines and the other 20,000 meters is aimed at testing its highest priority brownfield targets on the 24 known veins in its mining title that it is not currently mining.
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Second-Quarter-and-First-Half-2021-Results/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165446542
This news release contains "forward-looking information",----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@grancolombiagold.com
$Gold Price vs Stock Market – 100 Year Chart
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$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
https://youtu.be/XyroIjmQi_I
Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.
https://www.youtube.com/watch?v=XyroIjmQi_I
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
NYBob
5年前
$JW Note; i-80 Gold Intersects High-Grade Gold in Underground Drilling at Granite Creek English
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
NEWS PROVIDED BY
i-80 Gold Corp
Oct 28, 2021, 06:00 ET
$Including 41.3 g/t Au over 7.1 m & 16.0 g/t Au over 7.3 m
RENO, Nev., Oct. 28, 2021 /PRNewswire/ -
$i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company")
is pleased to announce positive initial assay results from the ongoing
underground drill program at the Company's Granite Creek Property
("Granite Creek" or "the Property") located in Humboldt County, Nevada.
https://www.prnewswire.com/news-releases/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek-301410644.html
$i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
Oct 19, 2021
https://www.youtube.com/watch?v=ZW2eRUs8MiA
$i-80 Gold Corp begins test mining program at its Granite Creek property in Nevada
Sep 15, 2021
Proactive
I-80 Gold Corp CEO Ewan Downie tells Proactive the Reno-based group is
hoping to advance underground drilling and test mining on the Granite Creek property, which he says is one of the highest-grade gold deposits in North America with resource grades of over 10 grams per ton (g/t) gold.
Downie says the test mining program will verify the appropriate methods, cycles and sequences for mining, and will include both mechanical cutting and conventional mining methods. He says four surface and underground drills will prepare the project -
https://www.youtube.com/watch?v=0LP1Po2ApiA
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5年前
$SW thanks; Monument Mining (TSXV:MMY) begins drilling gold targets in Australia
Mining
TSXV:MMY $44.01M
Simon Druker
Markets Reporter
simon.druker@themarketherald.ca
20 July 2021 13:00 (EDT)
https://themarketherald.ca/wp-content/uploads/2021/07/shutterstock_1077511751-1-800x430.jpg
Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia
The first stage of the drill program planned for 18,000 metres and combines aircore and reverse circulation drilling
The program will test new high-quality structural targets beneath cover
Work should continue for the next six to eight months as new targets are identified and evaluated
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET
Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia.
The first stage of the drill program is planned for 18,000 metres and combines aircore and reverse circulation drilling.
The program will test new high-quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand-alone or satellite gold deposits.
The company hopes to supplement the current resource base at the 100-per-cent owned Burnakura gold project.
The progressive nature of the exploration program means work will continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit.
Once the exploration program is finished, Monument will be in a position to evaluate the entire 170-square-kilometre land package of the Murchison Gold Project. At that point, the Vancouver company will determine the most logical approach in which to advance the project.
"The Monument exploration team is excited to begin drilling after extensive work to identify high quality targets at the Murchison Gold Project. The WA area has been heating up this year with a large amount of exploration work being undertaken, and we are fortunate to get started ahead of schedule having secured a drill rig," said Monument CEO and President Cathy Zhai.
The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET.
Stockhouse logo
Latest News
Monument Commences Drilling Gold Targets at the Murchison Gold Project
GlobeNewswire 1 day ago
Monument Completes Independent Flotation Testwork
GlobeNewswire July 6, 2021
Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
GlobeNewswire July 5, 2021
Monument Announces Covid-19 National Recovery Plan in Malaysia
GlobeNewswire June 30, 2021
Monument Announces Extension to Movement Control Order in Malaysia
GlobeNewswire June 15, 2021
Monument Commences Exploration at the Murchison Gold Project
GlobeNewswire June 14, 2021
More V.MMY news on Stockhouse »
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RE:RE:RE:RE:Recent SH interview with Monument CEO
nozz..... it wasn't you....it was Wayned....Richard RE:Recent SH...
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I`m not sure why Odyssey share price reacts like it does when they report...
5 hours ago
RE:RE:RE:Recent SH interview with Monument CEO
I'm not called Nosepak for nothing. Lol
7 hours ago
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Funny world.... you got it, a day before it happened..... nose to the ground......
7 hours ago
Munro Bore and Banderol Fault Junction and Current Drilling
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11 hours ago
Munro Bore…..Excerpt from 2007 Giralia Report
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$Recent SH interview with Monument CEO
https://www.monumentmining.com/site/assets/files/4261/061721-v-mmy_editoral.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165005641
$NEWS Monument Commences Drilling Gold Targets at the Murchison Gold Project
July 20, 2021
https://www.monumentmining.com/news-media/news/2021/monument-commences-drilling-gold-targets-at-the-murchison-gold-project/
Vancouver, B.C., July 20, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the commencement of a planned
exploration drilling program at the Murchison Gold Project in Western
Australia.
The first stage of the drill program planned for 18,000 metres and
combines aircore (“AC”) and reverse circulation (“RC”) drilling, and is
designed to test new high quality structural targets beneath cover for
potential mineralization that may lead to the identification of shallow
stand alone or satellite gold deposits to supplement the current
resource base at the 100% owned Burnakura gold project.
The progressive nature of the exploration program at Burnakura and
Gabanintha (Figure 1) will see work continue for the next six to eight
months as new targets are identified and evaluated for their potential
to develop into a new satellite gold deposit. At the conclusion of this
exploration program Monument will be in a position to evaluate the
entire 170km2 land package of the Murchison Gold Project and determine,
in an informed manner, the most logical approach in which to advance
the project.
Figure 1: Murchison Gold Project Geology Map showing Burnakura and Gabanintha tenements
https://www.monumentmining.com/news-media/news/2021/monuent-commences-drilling-gold-targets-at-the-murchison-gold-project/
$bigone thanks; Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$bigone thanks; well MMY starting to wakeUP with a lot of great NEWS
after an 8 year long downturn bear trend of gold market -
MMY's 1st bulltrend 2009-11 was strong an if 2nd bulltrend starting....
let's hope it be stronger :))
$NEWS Monument Completes Independent Flotation Testwork
July 6, 2021
Vancouver, B.C., July 6, 2021,
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) is pleased to announce that the independent flotation
testwork undertaken at Bureau Veritas Laboratory (“BV”) in Perth has
successfully replicated the positive results achieved by the on-site
metallurgical laboratory to produce a marketable gold concentrate at
the Selinsing Gold Mine.
CEO and President Cathy Zhai commented: “We are very pleased with the test results that are a milestone step in achieving a sustainable cash supply from our Selinsing gold sulphide inventory by the sale of a sulphide concentrate produced through the planned flotation plant to third parties. The Phase II plant upgrade may follow to construct a BIOX-leaching circuit if deemed economically viable to treat both the Selinsing concentrates and third party concentrates on-site in order to further enhance the revenue level. Our new business model of expanding operations into treating third parties concentrates through a planned BIOX®-leaching circuit continues to be assessed.”
She further added: “We have noted that the recent announcements of tighter Chinese import restriction for the arsenic levels in gold concentrates imply that a number of producers of complex gold concentrates that currently sell into China will be looking for new off-take partners. Consequentially Selinsing’s proposed BIOX® plant could be their new home.”
Flotation Testwork Results Highlights
Gold concentrate produced from fresh sulphide ore contains an average 34g/t of gold from BV testwork, compared to 33.1g/t of gold from the on-site Selinsing testwork;
Gold concentrate produced from transition sulphide ore contains an average 42.5g/t of gold from BV testwork compared to 31.7g/t of gold from the on-site Selinsing testwork;
The arsenic (“As)” contained in gold concentrates was achieved at an average of 5.1% for fresh and 7.0% for transition ores close to the 8% limit that initially set for the testwork program. It can be lowered to 3.5% through concentrate blending.
Final concentrate grades showed elevated antimony (“Sb”) grades in the fresh material (5.7 – 13.3% Sb), but less than 0.2% Sb in the transition ores.
Orway Mineral Consultants (“OMC”) was engaged by the Company to modify the flotation conceptual engineering design that was reported in the Snowden feasibility study in February 2019, in order to produce gold concentrates as a final product for sale instead of a mid-product for further bio-leach treatment to accommodate a two stage approach Sulphide treatment plant expansion strategy.
The independent testwork was carried out from February to May 2021 in Perth, Australia through Bureau Veritas Laboratory (“BV Lab”) under OMC’s supervision. The aim of this testwork was to independently verify the process parameters developed by the on-site laboratory through extensive testwork. Based on the test results, the optimized flotation conceptual engineering design was completed by OMC in June 2021 under the “Sulphide Flotation Circuit Design - Selinsing Gold Project”, including flotation testwork parameters, process design criteria, circuit modelling, engineering design brief and consumables estimates.
Flotation Testwork Parameters
Diamond drilling was conducted at Buffalo Reef pits BRC2, BRC3, BRC4 and BR North to provide samples. BV Lab testwork was designed to ensure repeatability of the on-site testwork and all flotation tests were carried out in duplicate.
The BV Lab testwork has proved that the Selinsing onsite laboratory test results are repeatable in a commercial lab for Fresh and Transition ore (Table 1. Summary of the BV Lab results), and the onsite laboratory recovery numbers can be used by OMC with reasonable confidence for engineering design (refer to news release dated April 27, 2021 “Monument Commences Flotation Plant Work at Selinsing”).
Table 1: Summary of the BV Lab results
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$MMY NEWS Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
July 5, 2021
Vancouver, B.C., July 5, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) announces that the Malaysia authorities have
transitioned the movement control order (“MCO”) in five states into
Phase 2 effective July 5, 2021 under the National Recovery Plan,
including Pahang State.
Under the Phase 2, Selinsing Gold Mine is now back to production
with up to 80% employees being allowed working at the site.
Employers must ensure physical distancing and adherence to
the standard operating procedures at all times.
CEO and President Cathy Zhai said: “The production starts to be
resumed at Selinsing Gold Mine according to our recovery plan.
We will be closely monitoring the Covid status and put employees’
safety as priority.”
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established
Canadian gold producer that owns and operates
The Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is also
advancing the Murchison Gold Projects
comprising Burnakura, Gabanintha and
Tuckanarra JV (20% interest) in the Murchison area of Western A
Australia.
The Company employs approximately 200 people in both regions and is
committed to the highest standards of environmental management, social
responsibility, and health and safety for its employees and
neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at http://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
https://www.monumentmining.com/news-media/photo-gallery/
https://www.monumentmining.com/news-media/news/2021/monument-announces-selinsing-gold-mine-in-malaysia-resumes-production/
“Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.”
$tsoprano-1 welcome to Monument Mining (TSXV:MMY) My Friend -
Good to see you @ MMY )
I think Goldbull MMY will do very well - )
MMY is very oversold and undervalued,
Imo!
Joint Venture partner ODY finds more Visible Gold at Stakewell )
Also excellent grades from additional Tuckanara drilling....
https://www.listcorp.com/asx/ody/odyssey-gold-limited/news/new-discovery-and-drilling-enhance-murchison-gold-projects-2545483.html
$Money once again flowing into gold mining producers -
The IT and Crypto sectors have now topped and that cash is now looking
for the next hot sector.
That sector is now gold.
On Friday, reviewing analyst rating changes on my Investment House
daily report, I found that almost all of the covered gold stocks were
rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings
in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold
mines stocks.
We have a huge amount of material and development news pending release
in the near future.
$Considering this along with increased investment flows into Gold, its a
fair bet that we will exit June above $0.30 + + + + )
Throughout the summer, we will see sequential releases of Murchison
drilling results along with development news at Peranghi, processing of
Colombian concentrate, construction progress of the Floatation plant
and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting
summer above $0.60 + + + + )
Even at that price, we will still be very undervalued bargain....
IMO! nozzpack
$bigone thanks; In December 2020, Monument Mining Ltd. made an Joint
Venture agreement with Odyssey Gold Ltd.
MMY got a 20% free carried interest (not need to pay any cost of
exploration drilling etc. up to
the project are ready for gold milling, processing etc.)
MMY also got a 1% NSR royalty over Odyssey’s 80% interest in the
property.
Ody got 80% interest in MMY's Tuckanarra Gold project to carry out
all needed exploration, drilling, feasibility study etc.
Odyssey Gold Ltd., leaving Monument with a 20% free carried interest
and a 1% NSR royalty over Odyssey’s 80% interest in the property.
An unincorporated joint venture was formed with Odyssey to advance
the exploration over Tuckanarra.
Odyssey will be solely responsible for funding the exploration and
evaluation activities at Tuckanarra until a decision to mine is
reached.
The future processing of ore from tenements held by Odyssey
through the Monuments Mining Ltd's Burnakura plant remains
an option should maybe if commercial
terms be reached!?
$Visible Gold at Odyssey/Monument Tuckanarra JointVenture Project
Reinforce Exploration Targeting at Murchison Gold Project
MMY | May 5, 2021
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or
the “Company” is pleased to receive the news announced
by its Joint Venture Partner Odyssey Gold Ltd (“ODY”)
that significant visible gold has been intersected in its
maiden diamond hole
Figure 1), a 70m step-out in the eastern extension of the developing
Bottle Dump deposit at the Tuckanarra JV Project (“Tuckanarra”)
located in the Murchison Goldfield.
Together with other results, the new finding confirms the strong
potential of the Bottle Dump trend to host high-grade gold
mineralization (For details refer to:
www.investi.com.au/api/announcements/ody/420449c6-9f8.pdf ).
Figure 1: Significant visible gold ? is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f33fad6e-54b6-4e35-8110-27a52264226f
https://stockhouse.com/news/press-releases/2021/05/05/visible-gold-at-odyssey-monument-tuckanarra-jv-project-reinforce-exploration
Odyssey Gold (ASX: ODY) - Is it the next big micro cap mover?
1,110 views•May 4, 2021
https://www.youtube.com/watch?v=QbuxeLUQ-cw
The Stocks in Action || Which ASX Listed Stocks Are Trending Today?
17 views•May 4, 2021
https://www.youtube.com/watch?v=_ek5QhYsaRc
Odyssey Gold (ASX:ODY) exploration update on its high-grade gold
projects in the Murchison Goldfields
https://www.youtube.com/watch?v=y0FJY_6Zmec
When I first began writing about such projections, I was satisfied with
identifying 10 individuals who were of the opinion that gold would
attain a peak greater than $2,500. )
That list has grown to 83 of which 47 believe that $5,000 or more for
gold is likely. )
I encourage you to check out their articles and their rationale for
such high gold prices in the years (and in some cases just months) to
come:
$Higher than $10,000
https://fisherpreciousmetals.com/83-analysts-believe-gold-will-go-parabolic-to-between-2500-and-15000/
$bigone Yes, Unbelievable!!! Amazing!! The end of the age of speculation-
Buckle up. We might be in for a rough ride if we have truly come to the
end of the age of speculation. More than one investor has stumbled upon
diversification on the road to portfolio wisdom.
$BUY MMY GOLD -
Estimated Value of ODY Visible Gold..$2 million
$They announced today that the grade was above the 12,000 gns/ton
detection limit of the grade technology used.
$They will assay it again with an upper grade detection limit of 35,000
gms/ton.
Using the approximate average of the lower and upper limit....25,000
gms/ton......at current CAD prices that is worth about $2 million.
What a core !
https://stockhouse.com/companies/bullboard?symbol=v.mmy&postid=33231121
$Monument Mining (TSXV:MMY) MMY's Murchison Gold Mines...Great Gold
Country and new update drilling to
target the high grade old gold mines by Monument Gold Mining -
https://www.monumentmining.com/projects/murchison-gold-portfolio/
The Pass Scout drilling by Monument has already identified three high
grade shallow oxides outside the Lewis and reward pits -
This is the same area where ATW hit 16 ounces per ton over 1 meter in
2008 -
These could be three new oxide mines ex...may delivering 25,000 to
50,000 ounces per pit to the Burnakura Gold mill -
The new 3D geologic model has identified 30 of these shallow gold
projects at Burnakura and another 30 at Monuments
Gabanintha Old Gold Mines -
Beyond any doubt, some of those will be new oxide gold open pits
mining that can be very profitably mined -
AISC at or below $1000 per gold ounce -
We are going to have an excellent summer at Murchison Gold Mines -
with more high grade modern drilling of the old gold mines area -
It should be no problem breaking thru the $0.50 level -
can't wait to the drill results begin to pour in to expose
the rich old gold mines country )
With Monuments sufficient cash to cover all near term project
expenditures )
and still have significant surplus for contingencies -
MMY are very well situated to begin adding cash from current and
near term project cash flows.
MMY's ex. balance sheet wise, is much better situated
than most junior gold producers -
Additions to Investors Link on Website
plans for second source of cash flows from second safe mining
Jurisdiction -
$Each Jurisdiction has exploration upside above 1 million ounces..
https://www.monumentmining.com/investors/
Additions to Murchison Gold Mines Project..3D Model -
is interesting of ex. those two very large early exploration high
grade targets at the northern margin of -
Burnakura gold mines properties and at its southern margins -
also the two in between ones are large gold properties )
based on the 25 km scale.
The new 3D geology model demonstrates that;
Burnakura Gold mines exploration upside
are very large, even from new open pits mines -
and what MMY know from
its underground drilling explorations -
https://www.monumentmining.com/site/assets/files/4188/mmy_corporate_presentation-2021_04_08.pdf
$bigone thanks; $Monthly BIG picture L@@K at $GOLD
proper TA schooled all the EXPERTS = REALITY )
https://tinyurl.com/2vx5mz95
https://fisherpreciousmetals.com/83-analysts-believe-gold-will-go-parabolic-to-between-2500-and-15000/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163835890
$Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new
great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future
years the weather is good no curtain needed - )
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery ) It's a great Mother ore start;
https://www.monumentmining.com/news-media/photo-gallery/
$Market Cap $46 mil. - No Debt - someone has to be kidding )
is it the fact ???
What a Great Gold Mines bargain )
MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered )
Imo!
$Selinsing Gold Mine
The Selinsing gold mine is an operating high-grade gold mine at Bukit
Selinsing in Pahang State, Malaysia.
https://www.mining-technology.com/projects/selinsing-gold-mine/
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/
https://www.monumentmining.com
News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).
President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.
“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);
Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.
First Quarter Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/
Monument Mining (TSXV:MMY) Note...
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.
So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.
This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.
A further GC drill program was planned,
see fig 1 at this link
https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/
https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/
The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.
The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.
The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA.
NYBob
5年前
GOLDSTANDARD comeback? More states pushing to make gold and silver legal tender – former U.S. Mint director (Pt 2/2)
9,420 views•Apr 30, 2021
https://www.youtube.com/watch?v=d5UV5sVj88I
$Monument Mining Limited (MMTMF)(TSXV:MMY) (FSE: D7Q1) Videos Update on Flotation Plant Work at Selinsing Gold Mine -
April 2021
https://www.monumentmining.com/videos/
https://www.monumentmining.com/news-media/photo-gallery/
https://www.monumentmining.com/site/assets/files/4188/mmy_corporate_presentation-2021_04_08.pdf
https://www.monumentmining.com
$NEWS Monument Commences Flotation Plant Work at Selinsing Gold Mine
April 27, 2021
Vancouver, B.C., April 27, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the
“Company”) is pleased to announce commencement of the phase 1
Selinsing Sulphide Gold Project
by adding a flotation plant to the existing processing plant,
which will produce marketable gold concentrates from
the sulphide ore at Selinsing Gold Mine in Pahang State, Malaysia.
CEO and President Cathy Zhai commented: “Monument has completed
the restructuring of its mineral asset portfolio by spinning out the
Mengapur base metals project.
This enables us to focus on development and funding of the gold
portfolio.” She added:
“We plan to spend up to USD$20 million first to build a
flotation plant for saleable gold concentrate, the proceeds from it
can be used to add the planned bioleaching plant to produce gold
bullion should an economic case be demonstrated by then.”
The flotation construction comprises (1) Project economic validation
aimed to optimize flotation design completed in the feasibility study,
to produce saleable gold concentrate;
(2) Detailed flotation design and engineering;
(3) Procurement; (4) Construction and commissioning to deliver
the final plant; and
(5) Mine development.
The flotation construction team has been organized including project
management, engineering, procurement and administrative support,
directly supervised by a newly recruited Project Manager, who has 20
years’ experience in project management, construction and engineering.
$Key milestones and timelines for the project are as follows:
Flotation testwork (February-May 2021)
Flotation pilot plant testing (June 2021 onwards);
Flotation plant procurement starts (June 2021);
Flotation plant construction starts (Late August 2021)
Flotation plant construction completion (April 2022)
Gold concentrate production commences (June 2022)
Please refer to the video “Update on Flotation Plant Work at Selinsing Gold Mine” at the video section of the Monument Mining website:
https://www.monumentmining.com/videos/
in conjunction with the following contents.
PROGRESS OF ECONOMIC VALIDATION
The project economic validation was initiated three months ago at the
on-site laboratory using sulphide samples collected from Buffalo Reef.
It is to confirm the flotation reagent regime, evaluate and maximize
the economics of the gold concentrate product that can be achieved
through the sizing of flotation cells and the number of cleaning
stages.
Orway Mineral Consultants (WA) Pty Ltd. (“Orway”) has been engaged to
design and monitor the test work, and provide a conceptual design
targeting completion in May 2021. Bureau Veritas,an independent
certified laboratory has been chosen to carry out the lab work.
Both companies are located in Perth Western Australia.
Flotation On-site Testwork
$The testwork to date at the Selinsing on-site lab has achieved an
acceptable gold concentrate with recoveries of 83–92%,
containing around 30-45 g/t of gold on composite samples of
Buffalo Reef fresh and transition materials.
$Initial marketing studies using the in-house flotation data have
indicated that concentrate grades of 30 – 35 g/t Au may be preferred.
The test results achieved for samples of Buffalo Reef Central
2 (“BRC2”) and Buffalo Reef Central
3 (“BRC3”) transition and fresh sulphide material are summarized in
Table 1.
Table 1: Selinsing Site Flotation Test Results
1
Note ex....paerl
posted April 29, 2021 02:48 pm by deiwel (94)
again we have a paerl here, only with murchinson as exploration we can
agin 300% , and not forgot we are producer and we have cash flow rate
and reply
https://monumentmining.com/news-media/news/2021/monument-commences-flotation-plant-work-at-selinsing/
$Monument Commences Flotation Plant Work at Selinsing Started New Development to get much more Processed GOLD Produced for great future!
their cash on hand + $10mil of unsold gold (around usd$50 mil total cash equiv)
is still higher than their current market cap of cdn$52mil
at 15.5 cent shares.
crazy that a company is selling for less than its cash.
not needing to raise funding for this project makes MMY extremely
undervalued.
by invest234
Promotional Activities
Today's video by Cathy et al was OK by evidential standards .
It was nice to see that all presenters appeared to be Malaysian, which
is as it should be.
One of my best professional colleagues and a very good friend, since
deceased, was from Malaysia.
He was a nationalist , which basically, we all are.
However, investor markets are never nationalist but diversified
internationalists.
As to Monument, its largest shareholders by shares held are European and
North American.
So, from that perspective , today's Video in English, looked too
scripted and Cathy's zeitgeist lacked reality karma.
Not really her fault but actual reality.
by nozzpack
$Videos; Update on Flotation Plant Work at Selinsing Gold Mine -
April 2021
https://monumentmining.com/videos/
https://monumentmining.com/news-media/photo-gallery/
$Patient Gold & Silver Bulls Are Going To Be Great Rewarded )
April 23, 2021
$Monument Mining (TSXV:MMY) This company is worth 7-8 times what it
trading for @ current bargain price ) it is now set up for
monster upside in 2021! )
IMO!
$News Release; Monument Appoints Hugh Bresser to Chief Managing Geologist
April 19, 2021
View PDF
Vancouver, B.C., April 19, 2021,
$Monument Mining Limited (TSX-V: MMY)(MMTMF)(FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the appointment of
Mr. Hugh Bresser to Chief Managing Geologist.
“I am very pleased to have Hugh Bresser join us as Chief Managing
Geologist at this very critical time when we completed the restructure
of our mineral asset portfolio and committed to developing
Murchison Gold Mines towards being a cornerstone project”,
remarks Cathy Zhai, President & CEO of Monument Mining,
“I believe his enthusiasm in gold discovery, extensive experience
in mineral asset development and determination to lead the team
building high performance will make a significant difference in the
progress of our Murchison project.”
Mr. Bresser has built a 30-year career in the minerals industry focused
on exploration, identification, acquisition and development of
economic ore deposits, utilizing conventional and unconventional
targeting and exploration strategies in combination with a commercial
understanding of minerals economics and the resource industry cycle
in Australia, North and South America, Asia and Europe.
His work experience ranging from junior, mid-cap miners and majors
provides a strength and depth of understanding of risk and capital
management, including South 32 Ltd, Pancontinental Mining Ltd.,
P.T. Billiton Indonesia, Billiton Exploration Australia Pty. Ltd., and
various roles at BHP.
He also was the managing director at Overland Resources Limited and
the principal consulting geologist at Milagro Ventures Pty. Ltd.
Mr. Bresser holds professional memberships and affiliations in
MAusIMM, MAIG, MSEG, MGSA, graduated from James Cook University with a
BSc. honors degree in Metalliferous and Economic Geology in North
Queensland and holds an MBA from Mt Eliza Business School in Melbourne,
Australia.
About Monument
$Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian
gold producer that owns and operates the Selinsing Gold Mine in
Malaysia.
Its experienced management team is committed to growth and is also
advancing the Murchison Gold Projects comprising
Burnakura Gold Mine, own 100%
Gabanintha Gold project (100%) and
Tuckanarra Gold project(20% carried interest) in
the Murchison area of Western Australia.
The Company employs approximately 200 people in both regions and
is committed to the highest standards of environmental management,
social responsibility, and health and safety for its employees and
neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at;
http://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102
rcushing@monumentmining.com
$Monument Mining Ltd. (TSXV:MMY)(MMTMF) Very nice Gold Project
Presentation of Perangih open pit gold mines;
Peranggih exploration is carried out in three separate zones within the main regional structure:
1. Peranggih South open gold mine pit,
2. Peranggih Central gold mine open pit , and
3. Peranggih North open gold mine pit;
Peranggih Area Drill hole Map
$Monument Mining has undertaken a diamond drilling campaigns;
started in March 2014, with 21 holes completed for over 2,007m.
Oxide trenching, pit geological mapping, surface sampling, and
initial geological modeling program were executed
during 2016 and 2017.
A subsequent close space 5m x 5m Percussion Rotary Air Blast
(RAB) drilling program,
2,780m for 298 holes, was carried out
in August 2017 at the Central zone to test
150m strike length x 80m width of the mineralization.
This program initially indicated over 38kt @ 1.00g/t Au
with a broad 15m-20m wide high-grade zone and
multiple isolated high-grade zones, surrounded by more
grade gold mineralization.
It proved the presence of disseminated gold in the breccia matrix.
It is noteworthy that grade control areas for mining bench construction
is much larger than the two starter pits in Peranggih South.
Grade control was conducted within the high grade zones.
This indicates that the final pit size in Peranggih South
will be much larger than currently developed.
The average pit at Selinsing produced 50,000 ounces.
Its not unreasonable that these two starter pits in P South
could reach that level of production + more.
Currently, Peranggih Central has been grade controlled but
the pit has to be ready for production.
This area the management conservative estimated 20,000 to 30,000 ounces
in 2018 which they reported had increased by 44 % by early 2021.
It would seem that this third pit in P Central could also
produce up to 50,000 ounces + more.
Peranggih North has been too sparsely drilled to judge productivity,
but it is also a high grade area -
so another 3rd pit might be developed there.
Mentique adjoins closely with Peranggih.
It has two high grade zones extending at strike by 1.8 km.
The drilling as been done at Peranaggih will make
more gold productivity.
The same setting and lithology and contiguous with
Perangghi, the chances are high that
Mentque could contain two more oxide open pits mines.
$SUMMARY Ex....
Conservative dividing by 2 ( 25,000 ounces per pit ) ,
RE: Peranggih open pit
gold mines;
Peranggih will be a major contributor to increased oxide production -
in the coming years and being decent grade oxides -
will boost recovery levels , thereby reducing cash costs.
$45 million cash in hand approx
That puts MMY at a .135 cent book value, cash only.
Our operational property and Australian lands with mill
have no value in our share price today.
This will have to change or some entity will take this company.
MMY needs to show the market its value.
We are 10 x under valued!
By Tradeup20202025 (15) @ sth
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163070781
$Monument (MMTMF)(TSXV:MMY) announces sale of its Malyasian subsidiary
Mining
TSXV:MMY $47.70M
Simon Druker
Markets Reporter
simon.druker@themarketherald.ca
08 April 2021 16:00
Monument Mining Limited (MMY) has closed a transaction to sell
its 100 per cent interest in Monument Mengapur, its
Malaysian subsidiary
The company sold Monument Mengapur to Fortress Minerals Limited
Monument Mengapur owns the Mengapur Copper and Iron Project in
its entirety
The Mengapur Project is located in Pahang State, approximately
75 kilometres northwest from Kuantan Monument Mining is
unchanged on the day, with shares trading at C$0.12 at 1:10 pm ET
Monument Mining Limited (MMY) has closed a transaction to sell its
entire 100 per cent interest in Monument Mengapur, its
Malaysian subsidiary.
The company sold Monument Mengapur to Fortress Minerals Limited.
Monument Mengapur owns the Mengapur Copper and Iron Project in its
entirety.
The Mengapur Project is located in Pahang State, approximately 75
kilometres northwest from Kuantan.
The sale of the Mengapur Project is part of Monument’s corporate
restructuring to focus on the development of the company's gold
projects in Malaysia and Western Australia.
Under the terms of the agreement, Monument received US$30 million cash
consideration in full.
The deal also entitles Monument to a royalty of 1.25 per cent of gross
revenue on all products produced at the Mengapur Project.
A finder’s fee of US$600,000 was paid out from the gross proceeds.
Proceeds from the transaction will be used for corporate and future gold
project development.
Founded in 1997 and based in Vancouver, Monument Mining Limited is an
established Canadian gold producer that operates the 100 per cent owned
Selinsing Gold Mine in Malaysia.
Gold Price: Still on Track for $3,000, Another Shot Is
Coming Says John Doody
37,911 views •Mar 24, 2021
https://www.youtube.com/watch?v=VN8AppYd3rQ
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
$Monument Mining Has Seen its Gold Revenue Surge
Swiss Resource Capital AG
19.6K subscribers
https://www.youtube.com/watch?v=a3qrP2Y10M0
SmallCapPower
5.72K subscribers
In this interview at the PDAC 2020 convention, SmallCapPower spoke with
Monument Mining Limited (TSXV:MMY) President and CEO Cathy Zhai.
$Monument Mining has been successfully producing gold in Malaysia for
the past 10 years and now has a promising development project in
Western Australia.
Find out more about Monument Mining’s plans for 2020
by watching our interview.
https://www.youtube.com/watch?v=mRejQP-pbzA
FOR FURTHER INFORMATION visit the company web site at
http://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Forward-Looking Statement
https://www.monumentmining.com/news-media/news/2021/monument-to-implement-value-creation-strategy/
$MMY Heap Leach Production Potential of Murchison;
$Kentor has done a decent analysis of the heap leaching potential
of the lower grade ores at Murchison.
As far as I know, we have the necessary heap leach equipment on hand
at $Burnakura for 2 million tons per year.
I used to own GGD which heap leaches very low grade tailings .....less
than 1 gm per ton
Agglomeration was necessary, as recoveries were greater once the head
grade ore was agglomerated with concrete.
However, agglomeration seems to be not needed very much for Burnakura
ore.
The other parameter is leach cycle time......the time required for the
gold to be leached out of the ore once placed on the heap pad.
I used 2 cycles per year.....ie about 150 days to maximize recovery
of gold.
However, Kentor shows about 24 days which I think must mean something
else , as that cycle is quite rapid.
So I use 2 cycles per year Of 500,000 tons of auriferous ore which means
1 million tons per year.
I will use an average of 0.9 gms per ton as head grade of the ore
placed on the heap leach pads.
So, that means 900,000 grams of contained gold on the heap leach pads
per year.
Recovery rates is about 90% for this grade of ore, so we end up
recovering about 800,000 grams of gold per year, which divided
by 31 gms per ounce means an annual production of about
25,000 ounces per year .
This is quite close to the 30,000 ounces recovered/ year by
Indee gold which used this same leach equipment which was
acquired by Kentor.
So, combining 40,000 ounces of high grade production from underground
ore through the Burnakura mill @ 300,000 tons per year.....see my
previous post..and 25,000 ounces of the lower grades from heap leach,
we have about 65,000 ounces of production per year .
Heap leach is cheaper than milling for obvious reasons .
So an AISC of $1000 per ounce for the two combined production methods
seems quite reasonable .
@$1800 POG, we are excess cash flowing about $50 million per year .
Our neighbour free cash flows $80 million per year
on 95,000 ounces .
This is good agreement .
KRR trades at 5.5 times its free cash flow.
This would imply..but degraded 4,5 times , for lower production ..a
fair value of about $225 million for our Murchison production,
employing fully our current milling and heap leach facilities .
But, we have in addition , that rich gold copper resource at the
Yagahong deposit of Gabathinia along with its other 6 pits none of
which have been fully explored or the possibility of
finding supergene ore.
So, our Murchison assets have superb value at current POG.
It's my analytical opinion, that the Greatest value of our Murchison
assets would accrue to us shareholders by spinning it out to us as
a new public listing, including the Tuckanara seed capital and JV ,
allocated perhaps 80% to shareholders and 20 % to our parent company.
Its a win win situation
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! )
Way undervalued and oversold -
5 bagger + + + + ? or more - )
https://www.monumentmining.com/
https://www.monumentmining.com/news-media/photo-gallery/
Imo! TIA
https://investorshub.advfn.com/Monument-Mining-TSXV-MMY-13403/
$Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new
great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future
years the weather is good no curtain needed - )
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery ) It's a great Mother ore start;
https://www.monumentmining.com/news-media/photo-gallery/
$Market Cap $46 mil. - No Debt - someone has to be kidding )
is it the fact ???
What a Great Gold Mines bargain )
MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered )
Imo!
$Selinsing Gold Mine
The Selinsing gold mine is an operating high-grade gold mine at Bukit
Selinsing in Pahang State, Malaysia.
https://www.mining-technology.com/projects/selinsing-gold-mine/
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/
https://www.monumentmining.com
News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).
President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.
“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);
Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.
First Quarter Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/
Monument Mining (TSXV:MMY) Note...
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.
So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.
This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.
A further GC drill program was planned,
see fig 1 at this link
https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/
https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/
The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.
The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.
The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA.
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