The reason for central banks’ recent gold accumulations has little to do with safe havens and a lot to do with chipping away at the US dollar’s role as the reserve currency.
Turkey Mining News
The PFS outlines a mine life of 11 years and total recovered metals of 345,000 ounces of gold, 8 million ounces of silver, 254 million pounds of copper and 626 million pounds of zinc.
Further testwork is underway, the results of which are expected to be available in late 2019 or early 2020.
Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.
The Lamaque underground gold mine in Val d’Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.
Borophene is the atom-flat form of boron. The findings constitute a step toward practical applications like wearable or transparent electronics.
On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.
This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro.
Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.
For 2019, the Canadian miner expects to produce between 390,000 and 420,000 ounces of gold.
Russia, Turkey and Kazakhstan remained key buyers throughout the year.
Eldorado's shares jumped 12% in pre-market trading in New York on Thursday on the news.
The company is on track to kick off commercial production at its Lamaque project in Val d’Or, Quebec, during the first quarter of the year.
Our export markets have disappeared, the local market hardly exists, we've got lots of capacity and no market.
Recent drill highlights include 48.5 metres grading 2.69 grams gold from 60 metres downhole and 42.5 metres grading 2.55 grams gold from 31 metres downhole.
The link’s capacity increased to 1 million barrels a day from 900,000.
One of Russia's largest steel producers has postponed a decision on the restart of hot-rolled steel production at its Turkish plant.
While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.
The World Gold Council found that gold demand reached 964.3 tonnes in Q3.
The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).
Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.
"It is not just China."
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions.