Member Info for goldgnome

EXCELLENT LUCK MR BOND !!! Hope every aspect of the operation is successful!!!!

Resolute is pleased to announce it has entered into a binding agreement to acquire the Doropo and ABC Projects in Côte d’Ivoire from AngloGold Ashanti (“AngloGold”) for US$150 million, comprising a US$25 million upfront cash consideration on closing and US$125 million deferred cash consideration that will be paid in two instalments: o US$50 million paid 18 months after closing; and o US$75 million paid 30 months after closing

• The transaction consideration also includes: o A 2% royalty over the ABC Project and US$10 million contingent payment due upon the release of a Feasibility Study over the ABC Project that outlines a Mineral Reserve (JORC 2012) exceeding 1Moz of gold o The transfer of all Resolute’s exploration permits in Guinea to AngloGold (which is subject to government approval); should the transfer not be completed within 18 months from signing Resolute will pay US$25 million to AngloGold in lieu of the transfer

• Resolute is excited to add further exposure to Côte d’Ivoire, in which it already has an existing exploration portfolio. The Company views Côte d’Ivoire as a stable, well-established mining jurisdiction where several large gold mines have entered into production in recent years

• Doropo is a definitive feasibility study (“DFS”) stage project located in the northeast of Côte d’Ivoire with a Mineral Reserve of 1.88Moz grading 1.53 g/t Au1. The 2024 DFS outlined an open pit operation, producing an average of 167koz per annum at an average AISC of US$1,047/oz over 10 years

Resolute believes this is a highly accretive transaction for current and future stakeholders. The 2024 DFS highlighted a post-tax IRR of 34% with a 2.1-year payback at a gold price assumption of US$1,900/oz

The management team was upbeat given production and cash flow strength—production rose 2% YoY while costs increased by just 1% YoY. EBITDA rose 65% to $1.12 billion, and free cash flow is seen more than doubling in 2H25. Capex plans are aggressive, particularly with its Nevada operations.

On the earnings outlook, analysts expect tremendous EPS gains in the FY 2025, while out-year forecasts are much more tame. This actually provides a solid backdrop for the valuation, since EPS will likely verify near $3.50 on a rolling 12-month basis going forward.

Profitability trends are sublime, considering free cash flow per share of $2.04, which is a more than 5% FCF yield. Moreover, the sellside has turned more bullish on AU—there have been 3 upgrades compared to zero downgrades in the past 90 days.

By comparison the pe ratio for Tesla is welll over 100x

anyone like to guess what the dividend will be if they average $3,000 per ounce sale price, and produce 2,660,000 ounces at $1150 total cash cost?

Like to uess what Tesla's is going to be ...

I know where my investment goes.... and keep your eye on Nevada ....magnificent discovery

BEATTY DISTRICT ► New Tier 1 District Mineral Resource*

5.4 Moz Au Measured & Indicated

14.3 Moz Au Inferred

The great story of this fabulous discovery can be seen at https://www.anglogoldashanti.com/investors/presentations/#2023

Anglo have the best gold exploration team, as judged by discoveries in the last 20 years ...

great team

the gnome

The amount of free cash Anglo is making is eye catching..the next dividend could be worth sittinig around for ....

pe ratio is last number,

1 NEM Newmont Corporation 60.18B 0.24% 9,373,163 12.18

2 AEM Agnico Eagle Mines Limited 59.83B 0.43% 3,123,506 25.30

3 WPM Wheaton Precious Metals Corp. 37.17B 0.51% 1,704,900 70.25

4 FNV Franco-Nevada Corporation 32.82B 0.45% 908,117 59.54

5 GOLD Barrick Gold Corporation 32.78B 1.31% 16,492,163 15.82

6 AU AngloGold Ashanti plc 20.72B 3.91% 2,573,299 17.70

7 GFI Gold Fields Limited 19.40B 2.48% 2,621,114 15.58

8 KGC Kinross Gold Corporation 17.83B 2.00% 20,359,402 19.19

9 RGLD Royal Gold, Inc. 11.91B 1.20% 435,657 35.92

10 AGI Alamos Gold Inc. 11.76B 1.68% 2,822,228 41.20

11 HMY Harmony Gold Mining Company Limited 9.49B 1.49% 3,645,412 17.03

12 PAAS Pan American Silver Corp. 9.28B 0.86% 3,651,202 83.21

13 OR Osisko Gold Royalties Ltd 4.42B 1.24% 893,313 270.73

14 IAG IAMGOLD Corporation 4.14B 2.28% 16,321,230 4.79

15 BTG B2Gold Corp. 4.07B 0.81% 44,773,334 -

16 EGO Eldorado Gold Corporation 3.92B 0.60% 1,693,213 13.68

17 CDE Coeur Mining, Inc. 3.64B 0.44% 12,130,486 37.97

18 ORLA Orla Mining Ltd. 3.45B 0.56% 1,299,862 38.75

19 EQX Equinox Gold Corp. 3.05B -0.45% 6,517,325 8.85

20 NGD New Gold Inc. 2.68B -0.59% 20,111,167 24.71

21 SAND Sandstorm Gold Ltd. 2.48B 1.01% 5,469,463 177.44

22 SSRM SSR Mining Inc. 2.15B 3.66% 2,291,309 -

23 FSM Fortuna Mining Corp. 1.86B 1.90% 11,853,403 14.45

24 NG NovaGold Resources Inc. 1.49B -2.03% 4,372,326 -

25 CGAU Centerra Gold Inc. 1.40B 0.83% 495,404 18.93

26 DRD DRDGOLD Limited 1.29B 1.08% 350,633 14.35

27 SA Seabridge Gold Inc. 1.24B 1.38% 400,146 -

28 ARMN Aris Mining Corporation 930.85M 0.37% 858,692 37.87

29 CNL Collective Mining Ltd. 838.15M -2.85% 113,075 -

30 GAU Galiano Gold Inc. 349.17M 2.26% 511,575 68.00

31 DC Dakota Gold Corp. 310.90M 0.72% 359,306 -

32 IAUX i-80 Gold Corp. 278.33M 2.04% 3,896,422 -

33 CMCL Caledonia Mining Corporation Plc 257.20M 2.07% 101,517 14.32

34 GROY Gold Royalty Corp. 256.56M 2.38% 1,341,419 -

35 IDR Idaho Strategic Resources, Inc. 238.87M 3.74% 234,408 26.09

36 ODV Osisko Development Corp. 230.87M 2.42% 752,168 -

37 NFGC New Found Gold Corp. 227.47M 2.23% 1,039,199 -

38 CTGO Contango Ore, Inc. 167.49M 1.87% 132,132 -

39 GLDG GoldMining Inc. 157.01M -2.76% 398,575 -

40 THM International Tower Hill Mines Ltd. 130.51M 7.83% 499,141 -

41 USAU U.S. Gold Corp. 128.86M 7.05% 413,303 -

42 VGZ Vista Gold Corp. 125.70M 4.37% 816,928 11.22

43 TRX TRX Gold Corporation 91.60M -0.46% 781,880 -

44 HYMC Hycroft Mining Holding Corporation 85.69M -2.00% 246,217 -

45 GORO Gold Resource Corporation 44.44M 3.85% 12,624,409 -

46 PZG Paramount Gold Nevada Corp. 30.42M 7.55% 449,677 -

47 AUST Austin Gold Corp. 16.46M -0.50% 18,652 -

While some people believe that the tariff disruptions will settle down as more negotiations and greater thought is given to how to structure them to work sensibly, I am hearing from a large and growing number of people who are having to deal with these issues that it is already too late. Put simply, enormous trade and capital imbalances are creating unsustainable conditions and major risks of being cut off, so they must come down, i.e., excessive imbalances + deglobalization = smaller trade and capital imbalances.

In my latest article, I discuss what I have been hearing from importers/exporters around the world and the indicators that show the monetary order, the domestic political, and the international world order are deteriorating due to unsustainable, bad fundamentals that can be easily seen and measured.

https://www.linkedin.com/pulse/its-too-late-changes-coming-ray-dalio-jtwwe/

Lynette does seem to be across the issues.

Gosh, I am outed!!! For those that know something more about the history of metal trading, it is not surprising to find gold has been very close to the Chinese heart for more than 3,000 years, and presently China has the largest reserve of gold and is the largest mining Nation of gold in the world, and hosts the largest markets.

Historic importance of Gold can be traced back to the Han Dynasty (206 BC-220 AD), but Chinese gold demand took hold during the Six Dynasties (222-589 AD) with the arrival of Buddhism. Worshippers made gold offerings, and built golden pagodas and statues of the Buddha.

The Chinese global interest in gold and silver has considerable lineage. When Potosí, the largest silver mine in South America, was developed by the Spanish in 1546, a massive silver gold trade was started and flourished, between the Americas-Europe and China. For example, one ounce of gold could be used to buy eleven ounces of silver in Amsterdam and then one could exchange the same amount of silver in China for two ounces of gold (or equivalent commercial products). After Spanish Vasco Núñez de Balboa discovered the Pacific Ocean, a new trade route was established. The “Manila Galleon”, from 1565 to 1815, refers to the fleet sailing between Manila, in the Philippines, and Acapulco (now Acapulco, Mexico) all within the Governorate of New Spain. The fleet regularly sailed once or twice a year across the Pacific Ocean, transferring large quantities of Chinese goods through the Philippines and shipping them to the Americas and Western Europe. Simultaneously, a large amount of American silver was transferred to China through the Philippines. Thus, profits encouraged European merchants across the Pacific, shipping silver from America, thereby becoming a major source of the silver influx into China.https://www.asianstudies.org/publications/eaa/archives/late-imperial-china-silver-and-global-trade-routes/

Today gold has a strong part in everyday life in China, where it is often gifted to younger members of the family for special occasions, and there is a tradition of giving gold to new born babies in the form of tiny necklaces or bracelets. Gold also has a special place in the Chinese New Year when ornate pieces of jewellery in 24 carat, often featuring zodiac symbols are purchased for their investment value as well as their beauty.

Today, purchasing gold demonstrates sound financial foresight and promises to bring good fortune.

A long-term view of gold’s ability to grow in value means that in China price drops are often seen as buying opportunities.

and that this heart also had a massive interest and impact on the global trade in Silver, back in the 16th century

https://www.youtube.com/watch?v=4WXoopIH1_o

Dont be fooled, there are powerful forces in the global market...and for the longterm investor, there are lots of buying opportunities. I have no time for yesterdays market makers...but small fish in a big pond

The Orange Man's trade war—and the shock waves it has sent through the global economy and financial markets, not to mention fear, loathing, and uncertainty—has spurred surging investment in gold, one of the market’s most time-tested safe harbors (millenia scales). The price of gold hit a fresh intraday high on Tuesday of more than $3,500 a troy ounce, and we hit $5,420 and the bids for our alluvial gold mine went in the stratosphere!!! . Even when adjusted for inflation, it is nipping at the heels of a record that dates back to 1980 if nto before.

The gold market is propelled by an eclectic group of buyers now: individuals shopping at retailers such as Costco, traders investing in gold exchange-traded funds and international central banks looking to diversify their foreign-exchange reserves.

The effects of rising gold prices have reached far beyond financial markets to the shops on West 47th Street, in New York’s epicenter for buying gold, jewelry and gems. Wedding-ring shoppers and security guards mill around the sidewalks lined with display cases and “we buy gold” signs are everywhere. Inside, buyers haggle over watch prices while sellers occasionally pull bullion bars out of safes.

Investors have long turned to gold for its protective qualities in periods of economic uncertainty. But in recent weeks, the metal has also emerged as one of the few places to shelter from wild stock swings AND MAKE GOOD MONEY!!!! Traditional hedges—such as U.S. government bonds (built on trust in the govt LOL)—have dropped right alongside equities during recent market stumbles.

The dollar, which typically strengthens when stocks fall, has slumped.

The first quarter of 2025 was the second-strongest on record for global gold ETF inflows, according to the World Gold Council. Investors poured $21 billion into the funds in the first three months of the year.

“It’s no longer that bonds are the alternative to stocks,” Gleason said. “It’s gold.”

People today refer to VIX as the “fear gauge” but the inflation adjusted price of gold is the original “civilization itself is coming to an end” fear gauge. It is higher now than it was during the subprime mortgage crash! You have to go back to the catastrophic stagflation of the 1970’s to find a similar price.

Civilisation is hopefully coming to its sense rather than to its end, and gold has been part of civilisationS for millenia...

good luck punters and investors

Dow Headed for Worst April Since Great Depression

Few think the administration’s negotiations with trade partners will yield results soon enough to ease the strain.

Trump Is Laying the Groundwork to Blame Powell for Any Downturn

The central bank’s legitimacy is at risk as the president attacks the Fed for cutting rates before election but not now.

Investors were awaiting earnings from Lockheed Martin (US Defence contractor supplies planes which drop bombs on innocents) and Tesla (trailing P/E ratio is currently around 111.52, and its forward P/E ratio is around 84.03...gulp) a day after the Dow dropped almost 1,000 points. Gold surpassed $3,500 to hit a record intraday high.

Genie looks great in gold !!!

The Dow Jones Industrial Average shed almost 1,000 points on Monday and is headed for its worst April performance since 1932, according to Dow Jones Market Data. The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928, according to Bespoke Investment Group.

Worries about trade restrictions and the prospect of President Trump firing Federal Reserve Chairman Jerome Powell have investors bracing for greater losses ahead. Corporate earnings reports are rolling in, along with executives’ tariff-dented outlooks for the months ahead. Few think the administration’s negotiations with trade partners will yield results soon enough to ease the strain.

and so on ... genie out of the bottle, and it does not look good

If you do need the money , go to the bank, get a loan, it will be cheaper than selling your shares, short and long term....

Nuclear Power | Radiation Protection | CBRN | Nuclear MedicineNuclear Power | Radiation Protection | CBRN | Nuclear Medicine

60 Years After Oak Ridge, China Makes Thorium Reactor History

A groundbreaking milestone in nuclear engineering was announced yesterday from China’s Gobi Desert, where scientists at the Shanghai Institute of Applied Physics (SINAP) have successfully added fresh fuel to an operational thorium molten salt reactor, the first such achievement in the world.

This experimental 2 MW thermal reactor (TMSR-LF1) has progressed rapidly through development stages: reaching criticality in October 2023, achieving full power by June 2024, and now demonstrating online refueling capability. This advancement validates decades of theoretical work dating back to Oak Ridge’s experiments in the 1960s.

The implications are substantial:

• Inherent safety features reduce the need for complex, redundant safety systems that drive up conventional reactor costs

• The ability to operate at atmospheric pressure reduces containment requirements and construction complexity

• High-temperature operation (700°C+) creates opportunities for industrial process heat applications beyond electricity generation

• Online refueling capability dramatically improves capacity factors and operational economics

China isn’t stopping here. They’re already planning the construction of a 60 MW thermal facility near Wuwei, targeting 10 MW electricity production and hydrogen generation by 2030. This scaled-up demonstration will bridge the gap between proof-of-concept and commercial viability.

Western companies aren’t entirely out of the race, with Flibe Energy (US), Terrestrial Energy (US), and Moltex Energy (UK) pursuing parallel development paths. However, China’s operational experience now provides them a critical advantage in materials qualification, operational protocols, and regulatory precedent.

With this achievement, thorium molten salt technology transitions from scientific curiosity to engineering reality. What China has accomplished reopens possibilities once abandoned, challenging us to reconsider thorium's role in a carbon-constrained world.

The dragon is awake,

China's state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world's two biggest economies, the Financial Times reported on Monday.

Some of the Chinese funds are also seeking to be excluded from investments in U.S. companies made by private equity firms based elsewhere, the report, which cited seven private equity executives with knowledge of the matter, said. Relatively unregulated hot air markets? wouldnt blame China.

The bulk of the consuming market is either in China or within their grasp. https://www.visualcapitalist.com/the-worlds-largest-consumer-markets-in-2030/

On my 4 week trip thru Africa last month, I saw Chinese everywhere, building highways, hospitals, dams, industries ... no none of the govts were getting assasinated, no women and children bombed...

Its amazing hownlong it takes to build trust, and how quickly it can be destroyed.

Trump Again Calls for Rate Cut, President hinted last week that he might look to fire Jerome Powell.

$4,500 in sight for gold...

regards from the southern colony, in complete disarray ...its called an election? LOL, (we need help)

"The Emperor's New Clothes" is a literary folktale written by the Danish author Hans Christian Andersen, about a vain emperor who gets exposed before his subjects. The tale has been translated into over 100 languages, but unfortunately American was not one of them. But things are changing very rapidly

One of Wall Street’s most consistent (AND UNDER REGULATED!!!) profit engines is close to breaking down.

Even before President Trump’s tariff chaos, buyout firms had been struggling to sell their portfolio companies and return money to anxious investors. Now recession fears and market turmoil have brought dealmaking to a near standstill.

Shares of Apollo Global Management, Blackstone and KKR and other private-equity fund managers are down 20% or more this year, far worse than the S&P 500’s sharp losses.

The longer the deal logjam lasts, the harder it will be for firms to hand money back to clients such as pensions and endowments. The amount of unrealized value the funds owe their investors has hit record levels, according to an analysis by credit-ratings firm Moody’s Ratings. That makes it tougher for the firms to raise new funds.

“We aren’t even in a recession now, and we’re already at a point where things are incredibly challenging,” said Hugh MacArthur, chairman for private equity at Bain & Co.

Firms are sitting on a record 29,000 companies worth $3.6 trillion, half of which they have owned for five years or more, he said. Clients are becoming less willing to make new investments and buyout fundraising dropped by almost 25% last year, he said.

Ideally, financial companies should have ample resources to absorb losses and prevent contagion. They don’t. In one of the world’s most important markets, US Treasuries, hedge funds are so leveraged that spikes in volatility can quickly send them to the exits. Systemically important banks lack the equity capital needed to survive worst-case scenarios on their own. The main public backstop — the US government — is itself troublingly stretched, with vast budget deficits rapidly expanding ...and now they have imposed tariffs on their debtors, while they pay for the mess in Gaza and Ukraine ... tickly stuff And then they square off against the bear, and now to top it off, they are playing with Nvidea whose chips are currently manufactured by Taiwan Semiconductor Manufacturing Company (TSMC) in Taiwan. See whats coming?

TGo boot, since both gold and Treasuries are considered to be safe-haven assets, there is a positive correlation between gold and bond prices, and negative correlation between gold prices and bond yields....is the usual mantra, but like so many things ... it is not true ...

https://www.goldpriceforecast.com/explanations/bond-yields-gold/

Speculators beware, Investors stay invested

happy easter, hope the easter bunny is kind

the gnome

The latest buffonery in the US must be driving people to drink? Not to mention Jeffrey Sachs talking about what has been obvious for a few decades....https://www.youtube.com/watch?v=2egnEk8NDNQ

The Bond market sums up the trust that is not due to the present Pres, and even for the those of the last few decades

This is not reality TV, this is reality

good luck to us all, and the poor peoplle doing it very tuff in Gaza

Sotolo,

I made a small purchase, to help explore the Greek Islands, and discover the roots of democracy. There is room for a few friends ... https://www.yachtworld.com/yacht/2010-baia-one-hundred-9329814/ Of course I jest, but do not be surprised. While it is great to have a pile of gold shares, its also nice to have a cruise and some fun !!!

Trying to guess what the orange man and his phd mates, is going to do next isnt fun anymore///

best

the gnome

Well I did predict $3,000 per ounce (pathetic really), but I did not predict the stupidty of Trump and advisors..using of course OPM's or Other Peoples Money...and now we see $4,500 per ounce pop on the screen.

REVIEW OF RECENT? Mr. Irwin, 62, like most mainstream economists and business leaders, is unhappy (DAMN). “To whipsaw the markets like this amounts to grossly irresponsible economic management. (GOOD GRIEF)” On April 4 Mr. Trump asserted on social media that “MY POLICIES WILL NEVER CHANGE.” “And yet, after pausing the tariffs, he said, ‘YOU HAVE TO BE FLEXIBLE’ ” Mr. Irwin notes.

AND THERE ENDS THE TIHIRD CHAPTER OF THE BOOK ON THE RIDULOUS FOLLIES OF THE US LED FINANCIAL MANAGEMENT SYSTEM

And flexible the market is. Whipsaw, Chainsaw, Eyesore.

Fabulously ridiculous, and to be famously ludicrous.

Who led the lemmings to jump off the cliff.

Staying with gold will not be a bad thing, as I have bored myself in advocating. And yes, the yacht in the mediterranean is doing well, thanks

LOL

the gnome

There is remarkably little of substance or anysubstance that resembles logic, good will, etc between the right ear and the left ... in the tarriff game

“We have a trade surplus with Australia… why were they whacked with a tariff?” US Senator and Democrat Mark Warner hammered US trade representative Jamieson Greer

Greer replied "Oink Oink" LOL

https://www.abc.net.au/news/2025-04-09/us-trade-presentative-defends-trumps-tariff-on-australia/105154814

entertaining, laughable, the clowns are in full 24 bit color

the gnome

Then the Chinese changed the negotiating tactics

https://cleantechnica.com/2025/04/05/china-just-turned-off-u-s-supplies-of-minerals-critical-for-defense-cleantech/

"while most of the world was clutching pearls over trade war tit-for-tat tariffs, China calmly walked over to the supply chain and yanked out a handful of critical bolts. The bolts are made of dysprosium, terbium, tungsten, indium and yttrium—the elements that don’t make headlines but without which your electric car doesn’t run, your fighter jet doesn’t fly, and your solar panels go from clean energy marvels to overpriced roofing tiles. They’re minerals that show up on obscure government risk registers right before wars start or cleantech"

and then what happened ....

There is more at the negotiating table than a tariff or 2, even if the tariff game was well thought out ini the real world, which it is not

go gold

the gnome