|

CEO says Barrick will continue in Mali once they can ship gold

ByVictoria

Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday.

“We will start the operations as soon as we get approval to ship the gold and we need to ship the gold to pay anything to the government,” Bristow said, adding that Barrick paid $460 million to the Mali government last year.

“So if you calculate that to per week… and every week we don’t do this it hurts everyone,” he added.

Source – Reuters

Similar Posts

  • /

    Silver Price Forecast – Silver Continues to Look Sideways Overall

    ByVictoria
    0 Comments

    The silver market was rather quiet during the early hours on Wednesday as we continue to see a lot of choppiness.

    I think this is a scenario where you have to be somewhat hesitant to buy silver, and I think really what we are looking at is a situation where we are just simply consolidating overall. I believe that the $28.75 level is significant support, just as the $31 level is significant resistance.

    Source – FXEMPIRE

  • /

    Zambia allows geologists to explore copper deposits

    ByVictoria
    0 Comments

    India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition.

    The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt – a key component in batteries for electric vehicles and mobile phones – as well as for scouting copper, which is widely used in power generation, electronics, and construction.

    The exploration project will last for three years and most of the analysis will be done in laboratories in India, one of the sources said.

    Source – Reuters

  • /

    Precious Metals Tracker

    ByVictoria
    0 Comments

    Whether you’re a new stacker or a long‑time precious metals investor, staying organized is the key to understanding the true value of your collection. This free tracker makes it easy to log every coin, bar, and ounce so you always know exactly what your stack is worth.

    Designed for accuracy and simplicity, the Precious Metals Tracker lets you record purchase details, track weight and quantity, monitor price changes, and keep all your gold and silver holdings in one place. It’s the perfect tool for anyone serious about building wealth through precious metals.

    Click the image to get the pdf!

    Download your free Precious Metals Collection Log today and start tracking your holdings with confidence.
    Every serious collector deserves a tool that keeps their investments organized and secure.

    -V

  • /

    Everything about buying gold at Costco

    ByVictoria
    0 Comments

    Costco offers members an opportunity to purchase one-ounce gold bars in the store, online or via their app. The retailer offers gold bullion bars, 1-ounce bars and coins in different designs. As of February 2025, Costco offers the following gold products:

    • 1 oz. gold bar PAMP Suisse Lady Fortuna Veriscan
    • 1 oz. gold bar Rand Refinery (online only)
    • 2025 1 oz. American Buffalo gold coin
    • 1 oz. gold bar PAMP / Newmont Lady of Liberty (online only)
    • 100-gram gold bar Rand Refinery

    Costco’s selection comes from authorized dealers and reputable mints. However, as Costco members are accustomed to, offerings and availability may change.

    Costco marks up its cost for gold by roughly 2%. Markup is common practice among gold dealers and retailers, and 2% is on the low end of industry standards.

    Source – CBS News

  • / /

    Over the Weekend News!

    ByVictoria
    0 Comments

    Stealth Fed Dollar Crisis Predicted To Spark A Bitcoin Price Boom To Rival Gold

    “Current inflation measures, such as consumer price index (CPI) and producer price index (PPI), are significantly lower than previous 40-year highs. However, they remain ‘stubborn’ or ‘sticky,’ resisting a return to the central bank’s preferred 2% target,” Fidelity Digital Assets research director Chris Kuiper wrote in a report that asked: “Why is no one talking about stagflation?”—defined as a combination of low economic growth and persistently high inflation.

    Source – Forbes

    Meet the Ultrathin Conductor Set to Replace Copper in Advanced Electronics

    “We are breaking a fundamental bottleneck of traditional materials like copper,” said Asir Intisar Khan, who received his doctorate from Stanford and is now a visiting postdoctoral scholar and first author on the paper. “Our niobium phosphide conductors show that it’s possible to send faster, more efficient signals through ultrathin wires. This could improve the energy efficiency of future chips, and even small gains add up when many chips are used, such as in the massive data centers that store and process information today.”

    Source – SciTechDaily

    True North Copper Secures $53.44 Million in Capital Raising, Prepares for ASX Reinstatement

    This move facilitates the company’s reinstatement of its securities to official quotation, following a consolidation of its issued capital and the settlement of various creditor liabilities.

    These financial maneuvers are expected to strengthen True North’s operational foundation and strategic positioning in the mining sector.

    Source – Tip Ranks

  • /

    Gold prices still going strong

    ByVictoria
    0 Comments

    “We believe the demand is across the board. We see institutions either adding to or establishing long term strategic asset allocation type positions. We see individual investors doing the same. We see a certain amount of FOMO. There’s a fear of missing out whenever the price gains momentum to the upside” George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, told FOX Business.

    Source – FOX News