Jacob Lorinc’s Post

GALIANO GOLD REPORTS 2024 GUIDANCE, PRELIMINARY Q1 OPERATING RESULTS AND A 38% INCREASE IN ABORE M&I MINERAL RESOURCES In case you missed it, earlier this week we provided 2024 operating and cost guidance, preliminary first quarter operational results, and an update on the improved Abore Mineral Resource at the Company’s Asanko Gold Mine (the “AGM”), located in Ghana, West Africa. Here are the key highlights: ✅ AGM produced 30,386 gold ounces in Q1 ✅ Expected growth capital of $20M, primarily for plant upgrades ✅ Continued exploration focus on generative & near-mine activities ✅ 38% increase to Abore M&I Mineral Resource Estimate Read the full release: https://bit.ly/4biJWld NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #prospecting #mineralexploration #minerals #metals #miningsector #investing #goldstocks #nyse #tsx

#Precious_Metal Market Expansion Projected to Gain an Uptick During 2023-2032 https://lnkd.in/dCaDDsWa Growing #demand for industrial purposes and jewelry making is driving the global #precious metal market. #Platinum as a catalyst is gaining importance in refining and #automotive filtration. Companies in the #automotive catalytic #converter industry are switching from #palladium to platinum. Freeport-McMoRan POLYUS GOLD INTERNATIONAL LT Goldcorp GOLD FIELDS Randgold Resources Ltd Newmont Ghana Gold Limited Barrick Gold Corporation AngloGold Ashanti Kinross Gold Corporation Newcrest Mining #preciousmetals #silver #bullion #gold #silverstacking #silverbullion #silverstacker #coins #silverdegenerates #goldbullion #silvercoins #silverbars #silverbar #silvercoin #finesilver #goldcoins #silverporn #coincollecting #stackingsilver #coin #silvercommunity #pouredsilver #numismatics #goldcoin #investment #investing #money #goldstacking #coincollector #handpouredsilver

—Company Update— GOLDPLAT PLC announces Commitment to Invest further into Local Beneficiation in Ghana. Gold Recovery Ghana Limited (“GRG”), the wholly owned subsidiary of Goldplat Plc, has submitted a proposal to the Minerals Commission of Ghana to invest a further, circa GBP900,000 to upgrade their facilities in Tema. The decision to invest has been driven by high shipping and refining costs and the Ghana authorities’ increased focus on local beneficiation. Through recent engagement with the Ghana authorities, it has become clear that their preference is for GRG to refine as much material to bullion as possible in Country. Klingenberg Werner, CEO of Goldplat comments: “We are delighted to be able to increase our capability in Ghana to handle gold by-products from the mining industry in Ghana, elsewhere in Africa and South America. This supports our commitment to build a global hub for processing of these types of material in Ghana.” RNS for more: https://lnkd.in/eVYe2d-7 === Cc Tim Thompson #GDP

This morning AngloGold Ashanti has announced a £1.9 billion mixed cash and share offer for the London-listed Centamin PLC, owner of Egypt's largest gold mine Sukari. The offer gives a decent 37% premium to Centamin’s last share price. The two most comparable gold mining deals in the last five years are the £1.1 billion offer for Highland Gold and the £4.1 billion bid for Kaz Minerals (both in 2020). For reference, those deals had pre-bid speculation premiums of 4% and 52% respectively. #manda #mergersandacqusitions #goldmining #londonstockexchange

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) boss Cobus Loots said the business is in ‘compelling’ shape as he celebrated ten years in charge of the South African gold miner. “The group’s unique value proposition of surface and underground mining, high-margin long-life production, blend of financial strength, growth potential, gold resource base, dividend track record and unwavering dedication to ESG principles, makes it a compelling choice for investors," he said. Loots comments came alongside annual results that showed revenues in the year to June 2024 rising by 17% to US$374 million, with profits up by 30% to US$78.8 million. Production for the year rose by 6% to 186,000 with an 11% rise in the gold price received. This year, to June 2025, gold production is forecast to rise to 215,000- 225,000oz as the new MTR tailings project comes on stream. More at #Proactive #ProactiveInvestors http://ow.ly/jFfv105IlkE

Earlier this week, I had the opportunity to present the compelling investment proposition offered by Montage Gold Corp. at the BMO Capital Markets Global Metals, Mining and Critical Minerals conference. It was exciting to see the growing momentum for our story and to share our vision to build a premier multi-asset African gold producer, with the Koné project at the forefront. Our Kone project, in Côte d’Ivoire, is a high-quality asset: ✅ Sizeable production with +300koz per annum over the first 8 years ✅ Low AISC with <$1,000/oz over its long 16-year mine life ✅ Significant exploration potential with +150km of mineralized structures identified ✅ Robust economics with after-tax NPV of +$1.1 billion and after-tax IRR of +30% at $1,850/oz View our presentation: https://lnkd.in/eABQdWfd

Pakistan is considering a proposal to relinquish a significant portion of Reko Diq for a sum of $1 billion, despite its potential to generate over $240 billion in revenue over the next 40 years. This decision reflects a concerning pattern of prioritizing short-term gains over long-term sustainability, as Reko Diq has been subject to exploitation and undervalued deals in the past. The proposed investment comes from an Investment Company, with backing from the Saudi sovereign wealth fund, aimed at the Reko Diq project currently under the control of Canadian mining firm Barrick Gold Corporation. https://lnkd.in/g-i5s6G5

https://lnkd.in/eqThhiib Why is Ghana's economy in shambles as we are a top gold producer in the world? The answer is clear- neocolonialism. Ghana government nor any individual has a gold mine. All the gold mines are owned by foreign companies who pretend to pay royalties to the government at a miserable 10% at most. The African governments must establish State Gold Mining Corp to take absolute control of our minerals and exploit them for our own development.

Kurmuk Gold Transfers 5.75 Million Shares to Egyptian Company.. Kurmuk Gold has transferred 5.75 million shares to ASCOM Precious Metals Investment Holding BVI, a subsidiary of Egypt’s Asec Company for Mining (ASCOM), according to The Reporter. The shares were transferred through Allied Gold Corp, the Canadian firm currently managing Kurmuk Gold in Ethiopia's Benishangul Gumuz region. ASCOM previously operated the project from 2007 until its license was revoked in 2017 due to security concerns. Despite selling most of its shares, ASCOM still retained a 35 percent stake via its subsidiary. The recent transfer addresses Allied Gold's deferred USD 66 million payment to ASCOM. Brox Worku, an Allied Gold shareholder and Kurmuk manager, clarified that the share transfer was part of an earlier agreement and not a new deal. Allied Gold aims to begin mining by 2026, with a goal of producing 290,000 ounces annually. The transfer highlights Egypt’s continued involvement in Ethiopia’s gold industry through Qalaa Holdings and its subsidiaries. Source: Reporter Follow Us On Social Media; LinkedIn: https://lnkd.in/eJm_Ukb2 X : https://lnkd.in/e2wJMtJF Facebook: https://lnkd.in/eJvTH4Mq Telegram: https://t.me/ETCapitalNews #Investment_Bank #ETCapital #InvestmentOpportunities #EthiopianFinance #CapitalMarket #FinancialFreedom #InvestmentStrategies #GrowYourWealth #ExpertGuidance #SmartInvesting #FinanceInEthiopia

During 2023, Canada produced 310 metric tonnes of gold, making it the world’s 4th largest producer, behind China, Australia and Russia. Amidst geopolitical tensions, jurisdiction is becoming ever more important for gold production as miners and investors seek out secure, stable and sustainable sources of supply. Fortune Bay’s Goldfields Project is located in Canada’s top-ranked mining jurisdiction (Saskatchewan) and presents a unique development opportunity given its established infrastructure and well-advanced permitting. The PEA results for Goldfields underscore the project's potential as a near-term producer, with a robust set of economics that include an After-tax NPV5% of US$459M, After-tax IRR of 50.5% and a 1.3 year payback using a gold price of US$1,950/oz. Read INN’s full report here: https://bit.ly/3XZTFb5 #Gold #drilling #GoldMining #goldstocks #miningnews #Mining