Gold and Silver Updates


PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ — Traditionally, in occasions of worldwide crises, gold, as a secure haven, has carried out positively, and2020 was no exception. An article in CNBC mentioned that Gold… rallies may proceed into the brand new yr… The dear metallic closed (its) finest yr since 2010… following a yr of unprecedented volatility introduced on by the Covid-19 pandemic. It mentioned: “Barring some minor hurdles, the brand new yr may convey new information for(gold), Matt Maley, chief market strategist at Miller Tabak, informed CNBC’s “Buying and selling Nation”. IBISWorld added: “Because the first COVID-19 (coronavirus)-related demise was recorded in January 2020 in China, many buyers have sought safety in secure haven property to guard their portfolios from market volatility. In consequence, gold costs have risen to historic ranges…The Gold Mining {industry}’s efficiency should be unsure within the brief time period, however stays largely optimistic as larger gold costs bolsters income… Business operators in Nevada and Alaska, the 2 prime places for {industry} institutions, have largely been capable of stay operational. Revenue is predicted to rise on larger valuable metallic costs and persistently low oil costs, which represents one of many {industry}’s most substantial prices.  Energetic shares within the mining markets this week embody Golden Independence Mining Corp. (OTCQB: GIDMF) (CSE: IGLD), Newmont Company (NYSE: NEM) (TSX: NGT), Kinross Gold Company (NYSE: KGC) (TSX: Ok), Agnico Eagle Mines Restricted (NYSE: AEM) (TSX: AEM), Pretium Assets Inc. (NYSE: PVG) (TSX: PVG).

Yet one more article (from addressed gold’s potential for 2021 saying: “Throughout occasions of financial easing, buyers have a tendency to change from the US greenback to gold because the hedge in opposition to inflation, additionally including to the worth of the dear metallic. One other vital issue that can decide gold costs sooner or later, at the least within the close to time period, is the coronavirus itself. The second wave has already hit the world, with the variety of instances rising every day and lots of international locations reinstituting lockdowns; this, in flip, weighs negatively on already struggling economies. If governments resolve on a recent dose of fiscal and financial stimulus, the yellow metallic may proceed being the large beneficiary of the Covid-19 disaster.”  It concluded: “Of their gold value forecast revealed lately, analysts at Goldman Sachs maintained their bullish outlook for the upcoming yr, setting their value goal for the metallic at $2,300 per ounce: “In our view, the structural bull marketplace for gold shouldn’t be over and can resume subsequent yr as inflation expectations transfer larger, the US greenback weakens.”

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF)  BREAKING NEWS:  GOLDEN INDEPENDENCE INTERSECTS 1.11 G/T GOLD AND 7.8 G/T SILVER OVER 20 FEET AT INDEPENDENCE PROJECT –  Golden Independence (the “Firm”) is happy to announce preliminary drill outcomes from its lately accomplished 2020 useful resource enlargement drill program on the Independence challenge, south of Battle Mountain, Nevada. Outcomes from the primary 3 reverse circulation (RC) holes drilled embody:

>>  0.45 g/t gold and three.3 g/t silver over 110 ft (33.5 metres) together with 1.11 g/t gold and seven.8 g/t silver over 20 ft (6.1 metres)

>>  0.57 g/t gold and three.1 g/t silver over 55 ft (16.8 metres)

>>  0.42 g/t gold and 6.8 g/t silver over 80 ft (24.4 metres)

“The preliminary assay outcomes fall in vary with Firm expectations and historic outcomes,” commented Golden Independence President Tim Henneberry. “Longer intervals of + 0.5 g/t gold, containing sub-intervals of + 1 g/t gold meet the target of increasing the mineralized footprint at Independence to extend the historic oxide useful resource,” he continued.

“These preliminary assay outcomes help our perception that we will considerably develop the historic oxide useful resource on the Independence challenge within the close to time period.” remarked Golden Independence CEO Christos Doulis. “Throughout Q1 2021, we anticipate receiving assay outcomes from an extra 20 RC holes lately drilled on the Independence challenge culminating in an NI 43-101 criticism useful resource for the Independence challenge on the finish of the quarter.”    Learn this complete launch for the Golden Independence information at: 

Different latest developments within the mining markets embody:

  Newmont Company


recently announced

its Board of Administrators has accepted a share repurchase program for as much as $1.0 billion of frequent fairness, to be accomplished over the following 18 months. This system will likely be executed on the Firm’s discretion, using open market repurchases to happen once in a while all through the authorization interval, and is along with Newmont’s industry-leading dividend framework.

Newmont’s capital allocation philosophy balances regular reinvestment within the enterprise, sustaining monetary power and suppleness, and offering main returns to shareholders. Just lately, the Firm introduced an industry-leading dividend framework, which features a sustainable base dividend and extra returns at larger gold costs. The share repurchase program builds on the $1.0 billion 2020 program, which retired 22 million shares at a median value of $45 per share.

Kinross Gold Company (TSX: Ok) (NYSE: KGC) will release its 2020 fourth-quarter and full-year monetary statements and working outcomes on Wednesday, February 10, 2021, after market shut. The Firm may even present its full-year 2021 steering, mineral reserve and mineral useful resource assertion as of December 31, 2020, and an exploration and challenge replace. Kinross will maintain a convention name and audio webcast on Thursday, February 11, 2021 at 8 a.m. ET to current the outcomes, adopted by a question-and-answer session.

Agnico Eagle Mines Restricted (NYSE: AEM) (TSX: AEM)  and TMAC Assets Inc. (TSX: TMR) (“TMAC”) recently announced that they’ve entered into agreements pursuant to which Agnico Eagle has agreed to amass all the excellent frequent shares of TMAC (the “Transaction”) at a value of C$2.20 per share (the “Provide Value”) in money, which represents a rise of C$0.45 per share as in comparison with the supply value of C$1.75 provided by Shandong underneath the unique Association Settlement, as additional described beneath.

The Transaction is being effected by means of task to Agnico Eagle of the association settlement dated Might 8, 2020 (the “Association Settlement”) amongst TMAC, Shandong Gold Mining (HongKong) Co., Restricted and its affiliate Streamers Gold Mining Company Restricted (collectively, “Shandong“) and Shandong Gold Mining Co., Ltd. (along with Shandong, the “Shandong Events”) in accordance with an task, assumption and novation settlement among the many Shandong Events, TMAC and Agnico Eagle dated January 4, 2021 (the “Task Settlement”) and the modification of the Association Settlement underneath an amending settlement between Agnico Eagle and TMAC dated January 4, 2021 (the “Amending Settlement”). The association was accepted by 97.08% of the votes of TMAC shareholders that had been represented on the particular assembly held on June 26, 2020; there will likely be no additional shareholders’ assembly in reference to the Transaction.

Pretium Assets Inc. (NYSE: PVG) (TSX: PVG) recently announced the outcomes of the 2020 regional grassroots exploration program, together with a discovery on the Hanging Glacier Zone, and plans for the Firm’s 2021 exploration applications.

The 2020 regional grassroots exploration program included 25,350 meters of diamond drilling accomplished in 4 mineralized zones throughout the 1,200-square kilometer property that surrounds the Brucejack Mine. The spotlight from this system was the invention of epithermal-style gold mineralization within the Hanging Glacier Zone, situated 4 kilometers northwest from the Brucejack Mine. This new zone of gold mineralization demonstrates the district-scale potential at Brucejack. See Desk 1 beneath for assays from the 2020 program.

“This thrilling discovery at Hanging Glacier, solely 4 kilometers from the Brucejack Mine, reveals the district-scale potential at Brucejack,” mentioned Jacques Perron, President and Chief Govt Officer of Pretivm. “We are going to considerably enhance our useful resource enlargement and exploration efforts in 2021 so we will floor worth by extending mineral assets and pursuing the prospects for added gold mineralization instantly surrounding the Brucejack Mine.”

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