Category: Silver

Kitco News

(Kitco News) – Should investors be more interested in gold mining stocks versus just buying the physical metal?

The post ‘Buy those silver coins, 24k gold jewelry and quality gold stocks’ — Frank Holmes appeared first on WorldSilverNews.

Vancouver, British Columbia –  New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce assay

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George Washington never wanted to be President. He especially didn’t want to be the first president of a new nation. While he dedicated himself to the fight for independence and contributed everything he could to the founding, his aim wasn’t to be the leader of a new nation. He would have rather been a farmer than the leader of a new nation.

But other Founding Fathers like Jefferson and Hamilton knew Washington was the only man for the job.

Washington was already a hero to the newly born nation. He crossed the freezing Delaware and lead the Continental Army to victory against what was the most powerful military force in the world at the time. He oversaw the Constitutional Convention and prevented a coup from disgruntled soldiers in the Continental Army. He was both an inspiring figure that people would take seriously (thus give the office legitimacy) and possessed the moral fortitude needed to handle the power responsibly.

Despite his reservations, he took on the role and the heavy responsibilities that came along with it. He saw the need for what had to be done.

In doing so, Washington left behind one of the greatest legacies that anyone in history could hope to leave.

Washington’s tenure in the office laid the groundwork for all future presidents. He leant the guiding hand that the fledgling nation needed. His impact on the nation cannot be overstated, and even the little things he did became encoded into the office. For example, after he retired from the office after two terms, it became an informal tradition for future presidents to only serve two terms until the passage of the 22nd Amendment (although FDR notably served four terms).

Americans started this week by celebrating Presidents Day, also known as Washington’s birthday. Originally just a celebration of Washington before being expanded to encompass all presidents, the holiday is testament to both the legacy of the man and the American spirit in general. It is also a chance to look upon President Washington as someone who set a powerful ideal for people to follow.

While living a life as significant and influential as George Washington’s seems like a tall order, it is possible for many Americans today to follow his example and leave a legacy of their own.

It’s very easy to get caught up in the trap of exclusively thinking in short term. Unfortunately, many people fall into this model of thinking and neglect to consider what they are leaving behind in the long term. Meanwhile, the world marches onward, indifferent to their impact.

President Washington took charge and left the world a better place for the future. It’s never too late to consider what you can do to leave a strong legacy behind. Take a look at what power is in your hands. The ability to build something that lasts, something that can endure for your children or your community is still in your hands.

The post The Legacy of President Washington appeared first on U.S. Money Reserve.

Striking a colossal payload is every gold miner’s dream. Watch and listen to learn about a miner who found the largest gold nugget ever discovered in  2018.

Largest Gold Nuggets Found: Did You Know?

Narrator (00:05):

Australia is home to the first and second-largest gold nuggets recorded in history. The first one was named “Welcome Stranger” and was found in the state of Victoria in 1869. It weighed 158 pounds. This record was beat on September 11th, 2018 when miner Henry Dole discovered a nugget that weighed 198 pounds. This nugget was found in the beta hunt mine in the town of Kambalda. The miners discovered a sea of gold embedded in quartz, which took hours to pick up. Three miners were needed to lift this nugget, which as of January 30th, 2020, would be worth about $3.6 million. The total value of gold recovered that day amounted to 562 pounds of gold, valued at $14.2 million as of January 30th, 2020. The owners of the mine plan to auction the nugget because of its physical beauty and size. This discovery created excitement in Kambalda’s small community. In the years prior to the discovery, four mines were closed in Kambalda, making the find even more unexpected and special. Nine months after breaking the record, more rare specimens were found in the beta hunt mine. Many believe the next nugget to beat the record may be hidden under the surface at the very same mine. Call the number on your screen, or click the link below, if you’d like to learn more about the value of precious metals, and make sure to subscribe to see more of our videos on various topics.

Narrator (01:50):
[inaudible].

The post Largest Gold Nuggets Found appeared first on U.S. Money Reserve.

Resolute Mining Ltd. anticipates 30% higher gold production in 2020. Other mines predict production upticks, thanks to improved technologies and efficiencies. Where might gold production and, in turn, gold prices go in 2020? Read on to find out.

Australia Anticipates “Milestone” Increases

Australia-based Resolute Mining predicts it will produce 500,000 ounces of gold in 2020, up from 384,731 ounces in 2019. The 2019 total fell short of the company’s projection of 400,000 ounces. Resolute Mining says production of 500,000 ounces this year would be a “significant milestone.”

Resolute Mining issued its 2020 forecast two days before announcing it would sell its Ravenswood Gold Mine in Australia for as much as $300 million. Since Resolute’s purchase of Ravenswood in 2004, the mine has produced nearly 2 million ounces of gold.

Resolute might not be the only gold miner to experience a surge in production in 2020.

Canada Charts a Course for Positive Growth

Toronto-based Centerra Gold Inc. says its mines produced 783,308 ounces of gold in 2019, at the upper end of its forecast for the year. For 2020, Centerra predicts production of 740,000 to 820,000 ounces. That range holds the promise for Centerra exceeding its 2019 production figure.

At Vancouver, Canada–based B2Gold Corp., 2019 was a record-setting year for gold production, with 969,495 ounces mined. This year could be even better, as B2Gold forecasts gold production of 1 to 1.055 million ounces.

Financial Post observes that the most enthusiastic backers of gold say that “its prospects have seldom been so positive. They argue that the same factors that helped gold perform so well in 2019—including trade tensions, potential interest rate cuts, a volatile stock and bond market, and geopolitical uncertainties such as Brexit—remain in place to a certain degree and are setting the stage for a massive rally in 2020.”

This news comes on the heels of a jump in gold exploration activity in 2019 for the second year in a row. “I expect that the gold market will continue to strengthen,” Peter Grosskopf, CEO of Sprott Asset Management, told Investing News.

Wait—the World Gold Council Reports Some Slipping?

While the gold market is expected to strengthen, overall gold production actually slipped 1% in 2019, according to the World Gold Council.

The World Gold Council notes that production has “grown significantly” in recent years, “although substantial new discoveries are increasingly rare, and production levels are increasingly constrained.”

There’s a chance that gold production could be affected by a continuing wave of mergers and acquisitions in the mining industry. In 2019, the gold mining sector saw a nine-year high of M&A deals, valued at $20.2 billion.

Bank of America Securities envisions gold production by major global miners declining by about 5% over the next four years.

“After years of underinvestment, we see production profiles under pressure and believe that it is inevitable there will be further M&A,” Bank of America Securities reports.

If gold production is on the rise at a number of mining companies, but there’s only so much gold in the world to go around, could we be nearing a serious cramp in gold supply and demand? Track gold prices and stay tuned.

The post How Bullish Does the Gold Production Forecast Look for 2020? appeared first on U.S. Money Reserve.

Kitco News

(Kitco News) – The Freeport-McMoRan ore processing team at Bagdad operations used data science and AI to increase ore output.

The post How Freeport achieved 10% higher copper extraction through AI and seven different ore recipes appeared first on WorldSilverNews.

Kitco News

(Kitco News) – While gold will continue to attract investors’ attention as economic uncertainty dominates financial markets, one research analyst says that silver needs to be the metal to watch.

The post Gold looks good but investors should be overweight silver – analyst appeared first on WorldSilverNews.