A short time ago, Caledonia Mining announced record quarterly and annual gold production from the Blanket Gold Mine, for the quarter and year ended 31 December, 2016. According to this, approximately 13,591 ounces of gold were produced during Q4 2016, a new quarterly production record representing an 18 per cent increase on the gold produced in Q4 2015 (11,515 ounces) and a 1.2 per cent increase on the gold produced in Q3 2016 (13,428 ounces). Total 2016 gold production was approximately 50,351 ounces, a new annual production record representing a 17.6 per cent increase over the annual gold production in 2015 of 42,804 ounces.
Target gold production for 2017 is approximately 60,000 ounces at estimated All-in Sustaining Costs in the range of US$810 to US$850 per ounce. Blanket therefore remains on-track to increase annual production to approximately 80,000 ounces of gold by 2021.
News:
Record gold production from the Blanket Gold Mine
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Africa – Land Of Dividends
Market Watch:
Gold-fan Trump makes positive prevailing tone for gold bugs
Already before his inauguration speech, new US-president Donald Trump arranged to change decoration of the Oval Office in the White House. The red carpets have been replaced by gold-colored ones. Could this be a tip-off on the future direction? Fact is: Trump is a gold fan for a long time. Immediately after his speech, which made clear, that Trumps announced, massive spending policy at once with tax reductions, could press the greenback for a long time, the US$ downgraded against many other currencies. A weak(er) US$ comes along with a stronger gold price. A doctrine which could have been heard more often in the future! At least the gold price was able to stabilize above the important mark of US$1,200.
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Invest In Precious Metals In 2017
Chinese silver demand undamped
Gold’s “smaller brother” silver was also able to gain some profits since its last bottom in December 2016. One reason for that is China’s undamped silver hunger. Although the country is the world’s third largest silver producer, it evolved to one of the biggest net-silver-importer within the last years. In December 2016, China imported approximately 366 tons of Silver, which was 9% more than in December 2015. In the whole year 2016, the country imported around 3,660 tons.
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Silvercorp Metals: Lowest Cost Silver Producer at 3$pOz in China
Company News:
Endeavour Silver: 2016 production numbers as planned! + New resource estimate
A couple of days ago, Endeavour Silver reported a 2016 production of 5.4 million ounces silver and 57,375 ounces gold, which was slightly above guidance on gold and slightly below guidance on silver. Silver equivalent production totaled 9.7 million ounces at a 75:1 silver: gold ratio, which was in line with the company’s guidance.
Furthermore, Endeavour Silver reported updated NI 43-101 silver and gold reserve and resource estimates for its three producing mines. Proven and probable silver reserves decreased 12% in 2016 compared to 2015, reflecting mining depletion and reduction in mine development capital investments at the three mines last year due to low metal prices early in the year. Measured and indicated silver resources decreased 2% and inferred silver resources declined 18% due to reduced exploration spending at the operations and dropping the Arroyo Seco project. Exploration programs and budgets were focused on the advancement of the Terronera project. An initial mineral resource estimate is also being prepared for El Compas in an upcoming preliminary economic assessment.
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Endeavour Silver Provides Production and Cost Guidance for 2017
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Endeavour Silver: "2017 Will be a Transformative Year Towards Growth"
TerraX Minerals once more convincing with top-class drill results!
Last week, TerraX Minerals announced top-class drill results from multiple zones on the Yellowknife City Gold Project. In the Main Zone of the Sam Otto deposit, the company intersected – amongst others - 129.35 m @ 0.52 g/t Au, including 32.13 m @ 1.24 g/t Au and 102.00 m @ 0.53 g/t Au, including 38.00 m @ 1.04 g/t Au. At the Hangingwall Zone, the company intersected – amongst others - 85.00 m @ 0.53 g/t Au, including 25.60 m @ 1.13 g/t Au, 100.25 m @ 0.51 g/t Au including 30.75 m @ 1.29 g/t Au and 126.23 m @ 0.46 g/t Au including 13.40 m @ 1.14 g/t Au. Some kind of strike could be the new discovered zone Dave’s Pond, which showed -amongst others - 11.50 m @ 2.42 g/t Au including 2.40 m @ 9.89 g/t Au in the first drilled hole!
The drill success should continue into 2017. At least, Yellowknife City still houses a multiplicity of potential high-grade zones and even provides an enormous explorational potential for the already known deposits. The company is on a good way to become a takeover target.
News:
TerraX drills 129.35 m @ 0.52 g/t Au at Sam Otto and 2.40 m @ 9.89 g/t Au at new Dave’s Pond Zone, Yellowknife.
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TerraX Minerals: Aggressive Winter Drill Program Starting Soon
Timmins Gold surpassing upwardly revised production guidance
As Timmins gold announced a few days ago, the company was able to surpass its own upwardly revised production guidance furthermore and to produce more than 100,000 ounces of gold. At the end of the year, there were 100,322 ounces of gold and 56,326 ounces of silver been put out of the ground. Therewith, the gold production was 7.5% higher and the silver production was 8.2% higher than in 2015. The guidance for 2017 is between 70,000 and 75,000 gold ounces as the production profile for the year will be affected by an increase in waste stripping required mid-year. Regarding the Ana Paula project, the company anticipates completing the feasibility study by mid-2017, with construction permits received by the end of the year.
Sulliden Mining emerges stronger from annual general meeting
A couple of days ago, Sulliden Mining reported the results of its Annual General Meeting of shareholders held on January 13, 2017 in Toronto, Canada. All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Management Information Circular, dated November 28, 2016, were approved by the requisite majority of votes cast at the AGM. A total of 18,993,472 common shares, or 51.5% of shares outstanding, were represented at the Meeting. According to the company, all existing directors have been re-elected. PricewaterhouseCoopers LLP has also been appointed as the Company's auditors for the ensuing year.
Video 1:
Sulliden Mining Capital: "There Are Going To Be Surprise Announcements in 2017"
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Aguia Resources: Developing Fertilizer Project in Brazil
Fission Uranium starts preparation for winter drill campaign
A short time ago, Fission Uranium announced that the winter exploration drill program at its Patterson Lake South property in Canada's Athabasca Basin, will soon be underway. The 34-hole (10,105m) program is focused on making a new, near-surface, high-grade discovery on the expansive property, by targeting regional, high-priority hotspots identified during the summer program. Drilling, which is expected to start by the end of January, will also seek to grow the new shallow, high-grade zones at each end of the 2.63km mineralized trend, for possible inclusion in a future resource estimate update.
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Fission Uranium: "Everybody Is Watching The Uranium Spot Price Instead Of The Long Term Price"
