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Reports Project Gold Mines Are Expected to Produce More Than Ever In 2021
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., April 14, 2021 /PRNewswire/ Gold has again risen to all-time highs because investors have again rushed to its traditional safe haven . It rises not despite the pandemic… but because of the global crisis. The trading price is predicted by many to continue to soar and miners are also looking to increase production. A report from Singapore Bullion Market Association, spoke about the Metals Report issued in London which said: Turning to 2021, Metals Focus remains bullish towards gold. We are confident that as policy rates remain low and fiscal spending persists, inflows of institutional money into the yellow metal will continue. Low rates and yields are typically positive for gold, as they minimize the opportunity cost of holding the zero-yielding metal. Moreover, given exceptionally low yields (or, in other wor
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VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE)
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ( Calibre or the Company ) is pleased to announce operating results for the three months ended March 31, 2021 (all amounts in United States dollars).
Q1 2021 Highlights:
Production includes the first ore delivery from the Pavon Norte mine to the Libertad mill
Demonstrating Calibre s ability to advance new satellite deposits: permit to plant in less than 18 months;
Gold sales of 45,882 ounces;
Cash on hand of $58.2 million, a $5.1 million increase from December 31, 2020;
2021 production and cost guidance remain on track;
Growth and exploration capital are currently expected to be H1 weighted;
Calibre Mining Corp.: Calibre Announces Positive Pavon Gold Mine Pre-Feasibility Study; Pavon Norte Currently in Production; Strong Exploration Potential; After-tax NPV5% at US$1,700 gold of $106 Million
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$106.4 million
Darren Hall, Chief Executive Officer of Calibre, stated: In 14 months, since announcing the Pavon open pit resource, Calibre has permitted Pavon Norte, and commenced ore deliveries to the Libertad mill. Over the past two months, the team has safely and steadily increased ore haulage rates in-line with our expectations contributing to the Company s 2021 consolidated gold production guidance of between 170,000 and 180,000 ounces. Pavon has been a great example of our Hub-and-Spoke operating model, by demonstrating how satellite deposits can be efficiently permitted and provide ore to our Libertad mill, extending mine life and generating robust cash flows. Pavon mineralization is open at depth, and along strike, beyond the pit constrained mi
Experts Say Demand For Gold Remains High as so does Investor Interest
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., March 16, 2021 /PRNewswire/ Investor interest in gold remains high. When Wall Street is afraid, the world is dazzled by gold. That s what happened in August and September when COVID-19 panic pushed gold prices above $2,000 an ounce. Gold outperformed stocks during the volatile year of 2020, with gold prices rising 24.6%, compared with the 18.4% total returns delivered by the S&P 500 index. The World Gold Council reports inflows into gold-backed Exchange Traded Funds have offset weakness in all other sectors of the market affected by the ongoing global coronavirus pandemic. A price level to consider is the 2011 record brought forward in time by inflation which calculates to be $2,184 per troy-ounce. If you believe the near-term outlook is scarier than the 2011 U.S. debt crisis, a reasonable target for late-2020 is $2,200-plus. Investing in gold based on s