James Afidenyo P.Eng.’s Post

[𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐍𝐄𝐖𝐒] Midtier gold miner Pan African Resources PLC aims to increase gold production by about 50 000 oz/y by 2025 through its Mintails project, which will increase the miner’s yearly production to about 250 000 oz. This week's #TopProjects in #Gold feature has the full story > https://bit.ly/3RG7N77

The oldest gold mine is estimated to be approximately 4,000 years old. #goldfacts #goldfact #sellgold #sellgoldcoins #sellgoldforcash #sellgoldjewelry #DidYouKnow #didyouknowthat #didyouknowdaily #24karatwebuygold

#WHERE will #FUTURE #GOLD come #FROM? If you wonder where is still enough gold to be extracted, following infographic answers that question for you. Fascinating here is that 1/2 of all gold mine reserves are among just 3 countries combined. Would you have guessed 🇦🇺 to be the #1 ?

“These column leach test results are very encouraging and confirm that that the gold-in-oxide material at the MG gold deposit at Cuiú Cuiú is amenable to heap-leach processing. The leach recoveries of 92% to 93% are excellent and significantly better than previous test work which revealed an 82% recovery. They are also significantly higher than most heap leach gold mines that are currently in operation. These results should allow us to positively adjust our projected gold recoveries which form part of the ongoing prefeasibility study. These gold recoveries are particularly significant given the recent excellent drill results we are seeing from the Machichie Main and Machichie NE targets which are located only 500m and 650m north of the MG gold deposit, and indicate significant potential for additions of gold-in-oxide material in close proximity to MG.” -- Alan Carter, President & CEO https://lnkd.in/dVWx_pVT

Watch out for one or more of these characteristics of gold scams: 1. An over-representation of the amount of gold found within a mine. 2. "Bring it to our refinery and we will pay you double the price." 3. I have shares in that refinery. 4.Over-estimated claims of the share price of gold mining companies, or speculative claims about the value of a mine based on its proximity to a proven reserve. 5.High-end brochures, a slick website, or pictures used to demonstrate a mine or an investment’s value, with little other evidence provided. Fraudsters may allude to so-called “specialty” markets that only they can access. 6.A plan to recover sunken gold from the ocean floor or buried treasure from a secret location. 7.Under the guise of buying gold, investors pay a fee and are paid to recruit others who pay a fee. REAL GOLD BUYERS GO TO THE MINES REAL GOLD SELLERS ARE NOT IN A HURRY TO SELL. #GOLD #GOLDSCAMS #BEWARNED

Victoria Gold Corp.: Eagle Gold Mine Annual and Fourth Quarter 2023 Production Results “The Eagle Gold Mine achieved our 2023 production guidance of 160,000-180,000 ounces of gold,” commented Mr. John McConnell, President and CEO. “This is a record level of production for Eagle and an 11% increase year over-year. In 2023, we successfully demonstrated the feasibility of year-round stacking on the heap leach facility, resulting in more consistent quarterly gold production and a mitigation of the impacts of seasonality. We intend to continue year-round stacking in 2024 and look forward to increased year-over-year production levels again this year.” (TSX:VGCX) Learn More: https://lnkd.in/gjmtCheU #EagleGoldMine #GoldNews #GoldMining #MiningNews #MiningIndustry #StockstoWatch #StockstoBuy #DrillResults

Bottom Line on $BMXI: 1. Operating and Profitable Gold Mines. 2. Share price about the same as the EPS. 3. Book Value 4X the Current Price. Z

"Copper is as strategic as #gold is precious," said Bristow. "As you grow as a gold miner, you have to embrace #copper. To keep critical mass, you've got to go to the porphyries—porphyry gold deposits—and with those porphyries come copper as well." Sprott Copper Miners UCITS #ETF $CPPR #etfs https://lnkd.in/eYkbx8Wq

With the ballooning gold price these days, what should mine operators do?  Is it a good idea to now lower the cutoff grade?  Here are some thoughts on this, first posted 8 years ago in 2016. Read more at:  https://lnkd.in/eSKDGCT

Lahontan Gold Corp Reports Cn-Soluble Gold up to 91.5% at Calvada Kimberly Ann, Lahontan founder, CEO, president, and director commented, “The company is excited to receive these results from KCA which continue to confirm the high potential recoveries from oxide gold mineralization at the Santa Fe Mine Project. The absence of any significant preg-robbing potential across multiple mineralization types bodes well for future mine operations. We will continue met testing based on recommendations from KCA to further optimize the processing flow sheet which will be utilized in our upcoming preliminary economic assessment that will analyze the economic upside of resuming precious metal production at Santa Fe.” Read more here: https://hubs.la/Q02NVC6K0 #TSXV #LG