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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Randgold Ads | GOLD | London | Depository Receipt |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 83.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 83.00 | 83.00 |
| Top Posts |
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Posted at 15/4/2024 08:30 by apotheki KAVANGO RESOURCES PLC / LSE:KAVBen Turney, Chief Executive of Kavango Resources, commented: "This result far surpasses our expectations at Prospect 4. Prospect 4 is our fourth-ranked target at Hillside. These results underline the Hillside Project's overall potential to host over 1 million ounces of mineable gold. We sent the cores from Hole SKDD001 for immediate fire assay testing at a SADCAS accredited laboratory in Zimbabwe because of the visible gold. The near-term potential for possible mining at Prospect 4 was apparent as soon as we saw the core. We now need to test this potential with swift and methodical follow-up exploration. We are particularly looking forward to testing the additional three shear zones we believe we've identified here. In terms of the results, we have pursued rigorous quality assurance and quality control. We also retested the high-grade gold zone. We are delighted that the initial fire assays include one particularly significant gold intersection grading at 29.08 grams per tonne (g/t) over 2.53 m at a depth of 97.47 m. The secondary zone of 1.8 g/t over 1.32 m at 214 m depth is also encouraging. Given that we encountered anomalous gold throughout Hole SKDD001, we now need to return to Prospect 4 to assess further its commercial potential. While we continue drilling at the Nara Project, we will send the SKDD001 pulps for multi-element testing at an internationally accredited laboratory in Johannesburg. We have confidence in the data we've published today and the tests in Johannesburg will help guide future drilling. Having brought Kavango Mining into production in March, we are set up operationally to bring any new discovery into production with relative speed. While more drilling is needed to evaluate the scale of the opportunity, this is a highly promising start." |
Posted at 12/4/2024 16:32 by alligator2023 Zimbabwe Introduces Currency Backed by GOLDIn a bid to curb inflation, Zimbabwe has rolled out a currency called Zimb Gold (ZiG) backed primarily with gold and foreign currency reserves. “With effect from today, banks shall convert the current Zimbabwe dollar balances to ZiG,” Zimbabwe’s Reserve Bank governor, John Mushayavanhu said. Bloomberg reported that the former Zimbabwean dollar has depreciated against the US dollar every trading day this year, weakening by 72%, resulting in it becoming the world’s second-worst-perform RT reported that the rising cost of food, utilities and housing plus a state of emergency due to a drought-induced famine have struck the country recently. This new gold-backed currency comes almost a year after the Reserve Bank of Zimbabwe (RBZ) defied an International Monetary Fund (IMF) warning and created a gold-backed digital currency for peer-to-peer and peer-to-business commerce. The new currency is the African country’s sixth attempt at a new monetary system since 2008. At one point inflation reached 500 billion percent. “To promote demand for the ZiG, Zimbabwe will make it compulsory for companies to settle at least 50 percent of their tax obligations using the new unit, according to the central bank,” Natural News reported. With the outgoing currency so devalued, 80 percent of current Zimbabwe transactions are done in US dollars. |
Posted at 08/4/2024 20:21 by alligator2023 Gold has quickly become an investor favorite:World central banks have increased their gold holdings for 9 straight months. China's central bank has increase their gold holdings for 17 straight months. The most recent data shows that in February alone central banks bought 19 tons of gold. Year to date, their net gold purchases have reached 64.5 tons. Gold is up more than $350 in just six weeks, and is up nearly 15% already in 2024. Why are central banks stocking up on gold? |
Posted at 08/3/2024 07:18 by apotheki KAVANGO RESOURCES PLC / LSE:KAVZIM: First Gold Production Commences Immediately Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, its pleased to announce the Company has formed a new subsidiary in Zimbabwe; Kavango Mining (Pvt) Limited ("Kavango Mining"). Kavango Mining will become the Company's mining arm in Zimbabwe and will move into revenue this month. Further, the Company is pleased to announce it has signed its first contract to commence immediate gold mining operations at the Hillside Project ("Hillside") (the "Mining Contract"). Highlights - Kavango to take over existing mining operations at Hillside immediately. - Kavango to fund capital investment and will receive 100% of revenue generated. - Gold production at Hillside has been consistently profitable for three years. - Kavango aims to double current production to 1 kilogram ("kg") of gold a month over the course of 2024. - Current revenue at Hillside is c.US$30,000 a month, which will be reflected in Kavango's financial reporting from 01 March 2024 (the Mining Contract's effective date). - Kavango to develop a mining 'growth point' at Hillside by upgrading the project's plant and enhancing local community-led gold extraction to increase near-term production. Separately, Kavango has an option to acquire Hillside (announced >>> 25 July 2023), which Kavango is currently renegotiating terms on. The Mining Contract is not contingent on exercising the Option. Ben Turney, Chief executive of Kavango Resources, commented: "From this month, Kavango moves into revenue through gold production at Hillside. Following announcement of our maiden gold resource estimate at Nara, this is a second major milestone for the Company this week. Current revenue at Hillside amounts to around $30,000 per month and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan. Our objective is to become a significant gold producer in this country, and this is our first step towards achieving this goal. If all goes well, there are other production opportunities we hope to bring to Kavango. Gold production at Hillside has been consistently profitable for the last 3 years, despite capital constraints. As with most projects in Zimbabwe, the lack of investment capital has held back growth. There are currently two stamp mills operating at Hillside. Our immediate plan is to add a third stamp mill and to start processing feed material from the four prospects our exploration team has identified here. We also plan to work towards small-scall underground mining to increase production. We aim to double production to 1kg of gold a month at Hillside, over the course of 2024. Meanwhile, we will continue our wider exploration at Hillside as we seek to discover larger-scale bulk minable gold deposits." |
Posted at 08/3/2024 07:08 by time for common sense 998. I have nowhere stated I prefer btc?You missing the point. I think both are useless. Farm land is only solution. Sav has proven that gold price is manipulated so I have only asked why you think someone will accept payment with PM's in mad max scenario? What is so special about gold? .Is it just belief, because it was according to his-story used as money? Really if you look at it ask yourself how did they pay with gold in 15th century for example? What was driving the value of it in Europe or Africa?.Everything before 1800's is a lie and that also apply to gold. The value of gold is related to free energy but that is another conspiracy. |
Posted at 07/3/2024 15:50 by peterbarnes35 Then pineapple we will have to disagree. Not for nothing have both China and Russia been accumulating as much gold as they can? Or do gold coins have to be used, only that the currency is gold backed. For much of history money was gold backed, and it was in 1971 when Nixon took America of it,s then gold standard. And thats when all those debt problems originate?.PS Obviously the Russians and Chinese are complete fools,lol. As for me i,ll carry on Accumulating gold and silver' fool that i am,lol. Wothout being backed by a precious metal, then money is just a piece of useless paper?. Fiat?. |
Posted at 06/3/2024 17:15 by spawny100 savogi?7 Mar '17 - 21:53 - 191821 of 281920?0 0 0Gazz27 Mar '17 - 16:21 - 191807 of 191820 0 0Gold being murdered again, what is the point in holding this barbarous relic in these times - seriously?---------- |
Posted at 05/3/2024 15:29 by savogi It's proving to be a challenge for individuals like Spawny to fully comprehend the prediction I made in 2013, asserting that the gold price wouldn't surpass $1500 for an extended period. That being said, a swift examination of the graph below reveals that gold prices did, in fact, stay below $1500 from December 2013 to 2020, spanning seven years. Meanwhile, Spawny seems to struggle with accurate predictions even within a seven-hour timeframe,let alone over seven years...LOL... The upward movement in gold prices only initiated during the Covid pandemic, when nearly everything had already tripled in value..H ttps://www.bullionby [...] |
Posted at 04/3/2024 21:03 by john nada Uncomfortable truth for Barnestein. Brown sold our gold reserves to bail out a jew bank.------------- Members 799 Posted March 25, 2010 From earlier thread hxxp://www.financial WHEN GORDEN BROWN SOLD BRITAIN’S GOLD In 1999, it was rumored that investment bank Goldman Sachs had a 1,000 ton gold short position in the markets. Goldman Sachs was betting that the price of gold would continue to fall and they would be amply rewarded for their apparent “risk”. Because of central bank manipulation, the price of gold had moved inversely to the rise of stocks for almost 20 years and bankers were making easy money on the bet gold would continue its downward spiral. However, much to the shock of Goldman Sachs and the central bankers, in 1999 gold stopped falling; and, because Goldman Sachs’ short position was so large, Goldman possibly could suffer catastrophic losses. This is when England’s then Chancellor of the Exchequer, Gordon Brown, on May 8, 1999 announced England would sell over 50 % of its gold reserves, 415 tons of the most precious metal on earth at the very bottom of the market. The decision to sell England’s gold thereby saved Goldman Sachs and insured the political future of Gordon Brown. Goldman Sachs’ is still in business and Gordon Brown is now the Prime Minister of England—provin Selling a nation’s gold to save the bankers’ parasitic system is now common practice as the banker’s system continues to collapse and gold continues to rise. Since Gordon Brown sold England’s gold, gold has risen from $275 dollars per ounce to its present price of over $900 despite the thousands of tons of central bank gold sold to prevent its inexorable movement higher. |
Posted at 04/3/2024 19:13 by peterbarnes35 The price of gold, is determined by "no fine gold", and not alloyed gold. No fine being being pure gold. Any gold that has an alloyed content will have a much lower price than pure gold. A gold Britannia being no fine gold.The same applies to silver?. Silver Britannia. |
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