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Why Gold Mining Production Is Expected to Achieve All Time Highs In 2021

Why Gold Mining Production Is Expected to Achieve All Time Highs In 2021 FinancialNewsMedia.com News Commentary Share this article Share this article PALM BEACH,  Fla., May 19, 2021 /PRNewswire/ Precious metals and commodities, and almost everything that is sold, is subject to the laws of supply and demand… Gold is the exemption! The law of demand says that at higher prices, buyers will demand less of an economic good. The law of supply says that at higher prices, sellers will supply more for less. These two laws interact to determine the actual market prices and volume of goods that are traded on a market. Several independent factors can affect the shape of market supply and demand, influencing both the prices and quantities that we observe in markets. Even though the price of gold is going up, it is still in demand and miners are holping to mine even more.  According to Gold.org, the best estimates currently available suggest that around 197,576 tonnes of gold has been�

Marathon releases first resource for Berry gold deposit in Newfoundland

Marathon releases first resource for Berry gold deposit in Newfoundland Marathon Gold employees at the Valentine mining camp. Credit: Marathon Gold. Marathon Gold Corp. (TSX: MOZ) has released its first inferred resource estimate for the Berry deposit at the Valentine gold project in Central Newfoundland. Based on 42,000 metres of drilling, it totals 638,700 oz. of gold in 11.3 million tonnes averaging 1.75 grams gold per tonne. About 89% of the total – 566,400 oz. in 10.7 million tonnes at 1.65 grams gold per tonne – lie within a potential open pit. There is also a high grade open-pit resource using a 0.7 gram gold per tonne cut-off of 493,700 oz. in 5.8 million tonnes grading 2.64 grams gold per tonne.

Marathon releases maiden resource for Berry gold deposit in Newfoundland

Marathon releases maiden resource for Berry gold deposit in Newfoundland
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

Feasibility from Marathon Gold outlines $305m open pit at Valentine

Feasibility from Marathon Gold outlines $305m open pit at Valentine
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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