Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
/72963/tom-winnifrith-bearcast-buying-more-shares-today-in-a-gold-miner-tempted-to-lump-the-lot-on-this-one
"I look at Centamin (CEY), Kefi Gold & Copper (KEFI), Bluebird Merchant Ventures (BMV), Ariana (AAU) and Amaroq (AMRQ)"
Https://www.miningmx.com/top-story/55871-allieds-marrone-targets-consolidation-of-african-gold-sector/
"Addressing the Mining Indaba being held in Cape Town last week Marrone laid out a highly ambitious strategy to grow Allied Gold’s operations in Africa from its present three mines in Mali, Cote d’Ivoire and Ethiopia.
He also laid out his intention to consolidate a number of the continent’s small gold producers into an African “champion” producing up to two million ounces of gold annually.
Turning to the “broader landscape” of African mining Marrone said he believed the sector was “ripe for consolidation” because of the number of junior and intermediate companies.
“Why do we have so many single asset companies producing between 100,000 oz and 200,000 oz of gold annually? Why should this continent not have a champion producing a couple of million ounces a year?” he asked."
HtTps://www.youtube.com/watch?v=FO8oemodXZM&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1&t=2s (live from the vault)
12.02 to 15.13 (roughly) average 14 tons of bullion outflow per day!
If this is true cannot see them being able to hold the 2000 to 2050 range for long especially when you factor in other central bank buying and that China is the biggest gold producer and has an export ban on gold and obviously Russia will try to hold onto most or all of its gold production.
Only play I can see is them letting gold prices up in steps otherwise they will be totally drained of gold. Even that has its drawbacks as obviously if people see gold steadily going up they will become more interested in investing in gold especially if there is a slump sometime this year in other sectors.
Likely that they will be able to just let gold step up for while then the price will just get away from them and go through the roof.
Were doomed, doomed i tell ya https://www.youtube.com/watch?v=WNNRL_IB9m0
"Detailed definitive agreements for the project financing are in near-final form with contractors, equity investors and government agencies. Those for the lenders have also been drafted, but await credit committee approval by the co-lender before finalisation. " https://www.kefi-goldandcopper.com/files/announcements/kefi-operational-update-q4-23-final.pdf of course might be a bit of a shame if the bears get caught out but think I can live with that.
Looked at page 11 of 2014 annual report map of mine site it shows mine camp and admin in the SSE corner the furthest away from Guji (which is largely to northwest or west). Mine camp on the map is next to where the power comes in and air strip is now.
htTps://www.kefi-goldandcopper.com/files/reports/kefi_minerals_annual_report_2014.pdf
Which is the same as htTps://www.kefi-minerals.com/expo-presentation/addis-adaba
So mine camp is shown on both 2014 and this years camp as South east of planned open pit (which is the TK hill) not on the hill itself.
obviously if you are going to dig the area up you are going to clear the area. So actually looks like progress.
Https://miningindaba.com/sponsor-list/allied-gold-corporation (Ethiopia mining)
https://news.cision.com/akobo-minerals-ab/r/akobo-minerals-secures-a-nok-6-million-bridge-loan--pdmr-notice-,c3925302 (Ethiopia mining)
https://addisstandard.com/news-sun-peak-metals-set-to-resume-exploration-at-shire-project-site/
https://www.trtafrika.com/business/lobito-corridor-us-pumps-more-funds-into-rail-link-to-africas-copperbelt-16904977 (AFC/Copper)
"With the Africa Finance Corporation (AFC) as the private-sector lead developing the project, we aim to break ground in 2026 and have an operational rail between eastern Angola across northwestern Zambia by 2028," he said.”
https://www.royalroadminerals.com/ (Saudi mining)
Https://www.arabnews.com/node/2455931/saudi-arabia (indaba/saudi mining)
https://bnnbreaking.com/finance-nav/saudi-arabia-and-london-metal-exchange-ink-deal-to-boost-25-trillion-mining-sector
https://www.bnnbloomberg.ca/saudi-arabia-s-modern-mills-to-sell-30-stake-in-riyadh-ipo-1.2031776 Saudi ipos
Https://www.northernminer.com/news/sun-peak-shares-rise-as-it-looks-to-resume-exploration-in-ethiopia/1003863657/
Sun Peak’s plans come as other companies including Allied Gold (TSX: AAUC) and  Kefi Gold and Copper (AIM: KEFI) also seek to restart their projects amid the post-war climate. Allied aims to build its US$500 million Kurmuk gold mine, while Kefi is preparing to build the US$320-million Tulu Kapi gold mine, both in western Ethiopia.
The company noted that it recently completed an extensive security and safety assessment that confirmed low levels of risk in the licensed area and for the type of exploration drilling planned.
(sun peaks) Company shares were up 44% to 47¢ apiece before markets closed on Wednesday, valuing the company at $40.9 million. Earlier in the day they were up 50.3 to 50¢ apiece, a new 52-week high and the highest since early 2021.
https://finance.yahoo.com/news/sun-peak-metals-provides-corporate-120000226.html
Https://saudigazette.com.sa/article/640242
Minister of Industry and Mineral Resources Bandar Alkhorayef said that Saudi Arabia has concluded an agreement with the international metal trading company London Metal Exchange to establish warehouses and delivery centers for its metals in Saudi Arabia. “The Kingdom has worked to establish a very large base for the military industries sector, and the Public Investment Fund (PIF) is an important partner in this respect,” he said while attending the second edition of the PIF Private Sector Forum in Riyadh on Tuesday.
The minister said that Saudi Arabia is one of the most important regions in the world to invest in the mining sector directly and in related sectors, and it has become an important station to attract the world to discuss the challenges and opportunities of this sector. He pointed out that there are great job opportunities with the PIF in most sectors, especially with the Fund’s role in the main sectors that need its support because they require large capital and will create a high level of demand and job opportunities.
https://www.arabnews.com/node/2455311/amp Saudi mining