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  1. The G7 summit yesterday announced a ban on Russian gold exports. Russia produces nearly 10% of global supply. Expectations are that the price will rise notably over the next month or so. Hang onto your yella if ya got any!
  2. I know that this may not be the correct location but there are a few members here that frequented GPEX. I am just wondering if anybody has any information as to why the forum is down, I have a sinking feeling that it has met it's maker but am hoping that I am wrong. Thanks in advance for any input. Cheers
  3. This is the latest on production by country. I don't imagine that all of it has been accounted for in some of the countries listed https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/top-gold-producing-countries/
  4. I found this very interesting…. IDK, maybe it’s just me but I wouldn’t be walking around NYC w all the au unless I had a armed guard next to me. Aaron
  5. NOW is the time to invest in Gold and Silver mining stocks ( also physical gold and silver) if you can afford it! I have subscribed to various stock analysts news letters over the last 18 years, and have found that Michael Oliver 's Newsletter is the most accurate I have come across so far. He is saying NOW is the time! His technical analysis and momentum indicators are giving the green lites. He feels gold will be at $1360 by the end of January. He also says 2019 will be an excellent year for the metals, and to expect some fast upward moves in price. A lot of the stocks are still near their price lows for the year. You want to buy low and sell high. With the gold and silver markets very small in size , when the big money starts to pour in, we will see explosive upwards moves in the prices. When gold hit close to $2000 an oz about 10 years ago, a lot of mining shares were 4x higher in price than they are today. I came across Mike Oliver 's commentary at King World News . com He currently has 2 podcasts there you can listen to, to get it straight from the horses mouth! Don't depend on a redneck ( me) for your investing advice. LOL. I wish you all the best in 2019! Detecting and investing.
  6. As per the recent press released by Anaconda Mining ,They are glad to announced that they sold 3,491 ounces of gold in Q1 2022 (three months ended March 31, 2022) They also update about the water managements issue which have fixed for the mining procedure at the Argyl open pit mine . All dollar amounts are in Canadian Dollars. The Company expects to file its first quarter financial statements and management discussion and analysis by April 28, 2022 First Quarter 2022 Highlights Anaconda sold 3,491 ounces of gold in Q1 2022, generating metal revenue of $8.0 million at an average realized gold price1 of $2,296 (US$1,813) per ounce sold. Point Rousse produced 2,813 ounces of gold in Q1 2022, an 11% increase compared to Q1 2021, however lower than planned due to operational challenges in the Argyle Pit which required mill throughput to be maintained with low-grade Pine Cove stockpiles. Mine operations moved 68,877 tonnes of ore during the first quarter from Argyle, an increase over the previous year but behind plan for 2022, as water management issues impacted the mine's ability to drill and blast in March. The Pine Cove Mill processed 104,495 tonnes during Q1 2022, of which 28,301 tonnes were from low-grade Pine Cove stockpiles. The mill achieved a strong average recovery rate of 86.1% despite the lower-grade profile of mill throughput. For Stog'er Tight, the Company is finalizing internal pit designs in anticipation of a potential development scenario; the Company has now received tree cutting and Crown Land permits and is in the process of finalizing the Mining Lease. Exploration drilling at Point Rousse identified two new mineralized systems within the Goldenville Trend, intersecting 2.09 g/t over 5.7 metres and 1.38 g/t over 5.7 metres (press release dated March 31, 2022). As of March 31, 2022, the Company had a cash balance of $3.6 million and an undrawn revolving credit facility of $3.0 million. Preliminary working capital deficit1 at the end of the quarter was $6.5 million, which includes $3.2 million in deferred revenue associated with a gold prepayment facility which will be delivered into over the next six months. The deficit also reflects the short-term impact of the cessation of mining due to the water management issue. ABOUT ANACONDA: Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia
  7. According to ICMJ, gold has just broke the 2K threshold, $2057. I'm sure it will be up and down for a while.
  8. What brand of detector would you need to find this? (If it was buried.) https://survivalupdate.com/a-12-million-dollar-solid-gold-cube-appears-in-central-park/
  9. Great story on illegal gold mining.. https://www.bbc.com/news/av/world-latin-america-60236777
  10. Is that a legit story and if so, did anyone figure out where the finds ware coming from? https://nypost.com/2020/12/12/mysterious-gold-jewelry-washes-up-on-venezuelan-beach/
  11. And ... Why does it not corrode easily? It is all explained by Einstein's Theory Of Relativity. https://www.livescience.com/58245-theory-of-relativity-in-real-life.html Most metals are shiny because the electrons in the atoms jump from different energy levels, or "orbitals." Some photons that hit the metal get absorbed and re-emitted, though at a longer wavelength. Most visible light, though, just gets reflected. Gold is a heavy atom, so the inner electrons are moving fast enough that the relativistic mass increase is significant, as well as the length contraction. As a result, the electrons are spinning around the nucleus in shorter paths, with more momentum. Electrons in the inner orbitals carry energy that is closer to the energy of outer electrons, and the wavelengths that get absorbed and reflected are longer. [Sinister Sparkle Gallery: 13 Mysterious & Cursed Gemstones] Longer wavelengths of light mean that some of the visible light that would usually just be reflected gets absorbed, and that light is in the blue end of the spectrum. White light is a mix of all the colors of the rainbow, but in gold's case, when light gets absorbed and re-emitted the wavelengths are usually longer. That means the mix of light waves we see tends to have less blue and violet in it. This makes gold appear yellowish in color since yellow, orange and red light is a longer wavelength than blue. Gold doesn't corrode easily The relativistic effect on gold's electrons is also one reason that the metal doesn't corrode or react with anything else easily. Gold has only one electron in its outer shell, but it still is not as reactive as calcium or lithium. Instead, the electrons in gold, being "heavier" than they should be, are all held closer to the atomic nucleus. This means that the outermost electron isn't likely to be in a place where it can react with anything at all — it's just as likely to be among its fellow electrons that are close to the nucleus.
  12. Is this a look into the future for more countries. ....Gold is money....
  13. https://www.livescience.com/srivijaya-island-of-gold-discovered?utm_source=notification
  14. https://www.yukon-news.com/news/mayo-districts-biggest-placer-operation-liquidates-through-global-auction/
  15. I'm having a discussion with an engineer friend about gold. I am of the contention that there has been much more gold mined and found than what is reported. Well ... what is my starting report? Let's go with this one as I don't really know how to prove or disprove my assumption. I don't want this to be 'consensus science' which is in vogue right now but I guess without true gold facts there has to be a certain amount of belief in known gold produced each year and reserves in conjunction with industrial and aesthetic uses over all time on earth. I don't really care about how much is left or not mined or in reserves. I found this statement when I did a Google search: Between all of the gold sources in the world, current estimates suggest that roughly 2,500 to 3,000 tons of new gold is mined each year. At present, experts believe that the total amount of above ground gold in the world stands at just over 190,000 tons. The source of this statement is Provident Metals. Is this over or under? If this topic has been done please point me to the thread and we can delete this one.
  16. Gold must be getting back in the good books for investing. The Perth Mint sets a new sales record _ Kitco News.pdf
  17. MRA embarks to reduce mercury usage Alluvial miners at work on Bougainville Cedric Patjole | Loop PNG | March 8, 2020 The Mineral Resources Authority (MRA) recently launched a project to reduce the use of mercury in small scale mining operations. The Project aims to identify the extent to which mercury is used in the industry and how it is used and by whom, in a bid to mitigate health risks. On March 6th, the ‘Reducing Mercury Use in Papua New Guinea’s Alluvial and Small-Scale Gold Mining Sector’ Project was launched in Port Moresby, following a workshop with key stakeholders and project partners. The Alluvial Mining industry is one of the largest small to medium enterprise sectors in PNG that engages thousands of rural small scale miners. It is also a sector that is great health risks due to the usage of mercury. “This project is designed to get a better understanding of our alluvial sector general, and more specifically to identify the extent to which mercury is used how it is used and by whom,” said MRA Executive Manager of Regulatory Operations, Roger Gunson. “In addition, it will track the supply trial and identify the regions where it is used. The data collected relating to the sector will be entered into a database administered as part of MRA’s land-folio tenement system. “This will be able to better inform on policy development, resourcing, training and sector needs.” Gunson, said the Alluvial Mining is one of the biggest revenue earners for the country with K550 million recorded in 2019. He said this is similar to revenue generated by smaller mines such as Simberi Mine. However, the use of mercury in extracting gold poses major health risks to the miners. “Unfortunately, in many parts of PNG gold is extracted through the use of mercury. This is a danger to the health of miners, their families and communities as well as we have heard from the workshop today. “Hence, we have a paradox, we want the gold and we want to be able to seek it, but we also have a health risk that sits alongside it,” said Gunson. The project is funded by the US Department of State and implemented by Artisanal Gold Council (AGC) in conjunction with the MRA. Share this:
  18. https://www.fodors.com/news/photos/15-gold-buildings-that-really-exist-around-the-world
  19. Hello all, I'm doing a small study of metal detectors in Africa. How do you refer to gold detectors in your local language? What does the name mean?
  20. And here was me thinking the 22" Concentric X-coil is a massive coil People looking skyward in Central NSW might think they've seen a UFO if they catch a glimpse of the state's newest mining tool. It's an Aerial Electro Magnetic array called the 'X-cite' - and the exciting part is it's finding gold way out west.
  21. From Kitco News. www.kitco.com Perth Mint sees record demand first-quarter demand for gold bullion (Kitco News) - Mints worldwide are seeing unprecedented demand for physical bullion, with the Perth Mint the latest to announce record sales for the first quarter of 2021. In a blog post published Tuesday, the Perth Mint said 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver shipped to clients worldwide in March. “These figures are 285% higher (gold) and 178% higher (silver) than average monthly sales dating back to 2012,” the mint said in the commentary. In the first quarter this year, the Perth Mint sold more than 330,000 ounces of gold and more than 4.5 million ounces of silver, said Jordan Eliseo, manager of listed products and investment research at the mint, in the report. “These figures represent the highest calendar quarter on record for gold and the fourth-highest calendar quarter on record for silver,” he said. General Manager Minted Products Neil Vance said that the most popular bullion coins at the Perth Mint are the one-ounce Kangaroo coins. “The market continues to take everything we can make at present,” he said. The historic demand for gold and silver comes as both precious metals saw sharp declines since the start of the year. The mint noted that gold prices fell 11% and silver prices dropped 9% in the first three months of 2021. “There have been multiple factors contributing to the sell-off, which has now seen the U.S. dollar gold price pullback by almost 20% since it hit all-time highs in August 2020,” the mint said. Resilient strength in the U.S. dollar, rising 10-year bond yields, growing competition from cryptocurrencies and record valuation in equity markets are all competing against the gold market, the Perth Mint said. The strong demand for bullion comes as the Perth Mint continues to battle it out with social media and Reddit users who are encouraging investors to run on the mint and create a physical short squeezing. Reddit users have accused the mint of not having enough physical silver. The Perth Mint said that it has plenty of supply, but it takes time to refine the metal into its popular products. “While we just about satisfied demand for gold this month, interest in silver is outstripping our capacity to convert plentiful supplies into finished goods,” said Vance. The data from the Perth Mint is also in line with global demand trend. Data from the U.S. Mint shows that it sold 412,000 ounces of gold in the first quarter of 2021, its best start since to the year since 1999.
  22. Gold facts/information Quote then add your facts A cubic centimetre of gold weight 19.3 grams A cubic inch weight is 10 ounces Gold is Au and silver is Ag Atomic n° of gold is 79 (Au79) Silver is a better conductor of heat and electricity than gold but gold does not oxidize. Gold is soft, dense, malleable, ductile Gold is malleable enough for just 1 gram to be hammered into a sheet 1 square meter in size. The melting point of Gold is 1,064.43°C (1,947.97°F). 100% of gold found naturally is isotope Au-197. 187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons) gold is “diamagnetic”, meaning that it can be repelled by a magnetic field, but cannot form a permanent magnet. United States. Tonnes: 8,133.5 in 2020 China. Tonnes: 1,948.3 The first Gold coins appeared around 700 BC. An ounce can be beaten out to 187 square feet (about 17 square metres) 1870s until World War I the gold standard was the basis for the world’s currencies. Gold was the international monetary system, it came to an end by the 1970s Gold occurs mostly in the native state, except with tellurium, selenium, and bismuth. ADDED by others Between about 4-27 micrograms per cubic meter: Micrograms of gold in 1 cubic meter of seawater. 1,400,000,000,000,000,000 cubic meters: the total volume in cubic meters of seawater on Earth 5.6x10^18 - 3.78x10^19: Total micrograms of gold in all seawater on Earth 5,600,000,000,000 - 37,800,000,000,000: Total grams of gold in all seawater on Earth 180,044,180,784 - 1,215,298,200,000: Total troy ounces of gold in all seawater on Earth
  23. This is the title of a book about producing gold in WA. I've just read a review of the book and think the book would be a good read. It appears now because a company is about to begin production. I don't own any Australian gold stocks but maybe I should. https://www.investorideas.com/news/2021/mining/02125Aussie-Gold-Production.asp
  24. I found one in tailing pilings from sniping the creeks with my friend in N Y and if I did not bring the detector would not have gotten it.To be clear I am talking about natural gold.
  25. Prospector unearths three gold nuggets near Castlemaine, sparking hopes for mine https://www.theislanderonline.com.au/story/7110780/could-one-gold-prospectors-finds-unlock-hidden-underground-riches/
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