(1)
Defined as good delivery gold bullion according to London Bullion Market Association ( LBMA ), net of gold dore in transit and refinery adjustment.
(2)
Monument realized 1,889US$/oz and 1,899US$/oz for the three months and six months ended December 31, 2020.
(3)
Total cash cost per ounce includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, idle production costs, capital costs, exploration costs and corporate administration costs. Readers should refer to section 14 Non-IFRS Performance Measures .
I JUST read the report by Daily Maverick, that is purporting to expose cartels in Zimbabwe. The problem with the report is it does not include the obvious and leading cartels in Zimbabwe, such as Old Mutual, Innscor, Cassava, Seedco (Limagrain/Monsanto), Anglo America and Delta.
This immediately begs one to question the efficacy of this report and why a report on cartels in Zimbabwe, would leave out the well known cartels that control meat, food, sugar, cement, ethanol, banking, horticulture and fuel.
The bias is eerily similar to the Kangaroo Court being referred to in South Africa as the State Capture Commission, which in a country where 93% of the wealth sits in the hands of the white criminals who perpetuated the crime against humanity of apartheid expects us to believe that black people who control less than 7% of a shrinking stake of South Africa’s wealth, have somehow become powerful enough to capture the state from the thugs who perpetuated apartheid.
1/29/2021 8:49:02 PM GMT | By Joel Frank
GBP/USD has slipped back from session highs around 1.3750 and is back under 1.3700.
Volumes are now dropping off, however, as the weekend approaches.
Liquidity is dropping off and news flow slowing down as a very choppy week draws to a close. GBP/USD is ending the session towards the upper end of this week’s range and has just slipped to the south of the 1.3700 level, back from session highs of closer to 1.3750. For the most part, trade has stuck within a 1.3640ish-1.3750ish range, in fitting with a broadly indecisive tone seen in FX markets.
1/25/2021 6:11:33 PM GMT | By Joel Frank
USD/CAD has seen two-way trade on Monday
The pair rallied as high as 1.2780 from earlier sub-1.2700 lows but is now under 1.2750 again.
Contributing to mixed trade in CAD is choppy/indecisive crude oil markets.
USD/CAD has seen two-way trade on Monday but has been on the front foot in recent trade, advancing from Asia Session lows under the 1.2700 level to hit highs just under 1.2780. The last 30 pips of this rally from daily lows to daily highs happened in a surge shortly after the 4 pm London Fix and quickly pared; the currency pair is now consolidating under the 1.2750 mark and is back to pretty much trading flat on the day again.