Member Info for Cowichan

For those of you wondering if that smaller shipment was a 'one off' from the 'dump leach' operations the short answer is no. Typically the dump leach produces between 40 to 50 kilograms per quarter. (i.e. that's 1700 to 1900 ounces per quarter ) Yep.

Edward Haslam Director of #Centamin @MiningInvmt says prospective jurisdictions for #mining investment include #Zimbabwe #Kyrgyzstan and West Africa #London is a good market for finance of a properly prospected and managed #mining projects says Centamin's Haslam. Private Equity is not a good bed fellow for #mining. https://twitter.com/RosLund1/status/934727173063233536

Egyptian billionaire Naguib Sawiris is set to launch a new investment vehicle to acquire gold mining assets across the world, expanding on the $1.5bn assets he owns in the sector. The company, which will be under Mr Sawiris�s La Mancha Group, will be headed by Andrew Wray, the outgoing chief financial officer of London-listed Acacia Mining, according to three people familiar with the plan. Mr Wray takes up the role in January, they said. The company will look at buying operational gold mines in any jurisdiction... https://www.ft.com/content/b0e83c1a-d385-11e7-8c9a-d9c0a5c8d5c9

Awesome news Siko - thanks for reporting! Sukari's cranking out the goods now!

'The weakening outlook is being masked by a focus on all-in-sustaining costs rather than cash costs, he said. While companies can lower AISC and boost earnings by reducing spending to sustain operations or tightening exploration budgets, the tactic erodes asset quality in the long run...' 'Half of the gold coming out of the ground isn�t profitable to mine based on the true extraction costs...' 'The one thing this industry does very well is mine gold at a loss...' 'Since 2007, grades have dropped from an average of 2.5 grams a ton to about 1 gram...' http://www.mining.com/web/gold-ceo-lashes-industry/

The more the merrier! I hope the Egyptian deserts are lit up with happy gold diggers 24-7

Sukari's final pit design is bigger at 2,600 m long x 1,200 m wide x max. depth 450m with a total rock content of 1,365Mt (comprising 1,152 Mt waste rock & 212 Mt ore) gold grade 1.10 g/t The key will be how much 'waste rock' gets reclassified and will the average gold content change?

For the impatient it's interesting to compare the overall potential of both ore bodies via block model parameters & ultimate pit dimensions (2,000 meters x 1,400meters x 300m for Lihir). One might expect with Sukari's underground having greatly progressed we should now have plenty of grade control & exploratory drill data to convert a significant amount of previously attributed waste rock into resource. Add to that all the sub pit high grade ore & Sukari's reserves could substantially increase. Putting aside Lihir's known issues with historical core sample quality control, it was curious to note its reserves consist of 75% probable vs 25% proved. Given the mine's feed grades have steadily declined for the last 20 years I would not be surprised to see its future reserves slide substantially when next reviewed. As of 2016; Lihir's Proved Ore Reserve total ore 86Mt grade 2.1g/t contained gold ounces 5.9 million Lihir's Probable Ore Reserve total ore 280Mt 2.3g/t contained gold ounces 21 million (Newcrest purchased Lihir for approx. 8.5 billion US) http://www.newcrest.com.au/media/resource_reserves/Technical%20Reports/Technical_Report_on_the_Lihir_Property_December_31_2013-Final.pdf

Agreed. Listening to the most recent results Q&A's audio recording it's clear the site visit guests were treated to a visual feast of drilling results awaiting assay & the accompanying enthusiasm by experts on the ground. So how is it fair these analysts & banker types get 'share price sensitive' data - subjective or not - while standard shareholders are left guessing?

Agreed. But now with the money rolling in to the gov't watch how many friends line up.

purchase thru Centamin since entering Gold Sales Agreement. (And they say gold isn't a currency - pshaw) 'Subsequent to period end the first purchase order for the sale of refined gold bullion to the CBE was received on 23 October 2017 for EGP50 million.' NOTE 19: SUBSEQUENT EVENTS As disclosed in the 2016 Annual Report under the related party transactions, SGM entered into a Gold Sales Agreement with the Central Bank of Egypt (�CBE�) on 20 December 2016. The agreement provides that the parties may elect, on a monthly basis, for the CBE to supply SGM with its local Egyptian currency requirements for that month (approximately EGP50 million). In return, SGM will provide the equivalent amount in US dollars to purchase refined gold bullion from SGM�s refiner, Asahi Refining, on CBE�s behalf. This transaction has been entered into as SGM requires local currency for its operations in Egypt (it receives its revenue for gold sales in US Dollars). Subsequent to period end the first purchase order for the sale of refined gold bullion to the CBE was received on 23 October 2017 for EGP50 million.

Poppycock. The EMRA would be much better off having one set of rules for the entire gold mining industry. Anything less is asking for legal challenges down the road.