#Gold stays strong following Fed’s 50 bps cut

The stock market is at record highs, and the Fed cuts rates by 1/2 percent. Great news for Gold! 😉🚀

See more Precious Metals Charts on bit.ly/MasterMetalsCharts

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MasterMetals

@MasterMetals

Great Bear keeps on giving…

$KGC Kinross Gold completes Great Bear PEA

Some really spectacular numbers

• Annual production +500,000 oz.
• Low Costs: Impressive margins with AISC of ~$800/oz, even with a 6.7 strip ratio in the O/P
• Drilling beyond PEA inventory shows high-grade mineralization at depth

Initial Mine Plan:

• Concurrent Mining: The plan includes both open pit and underground mining for the first 8 years, followed by underground mining and stockpile processing from years 8 to 12. This approach offers production flexibility and allows for ongoing u/g exploration.

Open-pit Mining Plan

U/G Mining Plan

• Resource Expansion: Ongoing deep drilling indicates significant potential for expanding the resource and extending the mine's life, with multiple wide, high-grade intercepts found beyond the current resource.

Current Resources:

Mineral resources have been calculated at a gold price of $1,700 and the open pit reflects a $1,400 pit shell. The open pit cutoff grade is 0.55 g/t and the underground cut off grade of is 2.3 g/t for the main LP zone. The $1,400 pit shell has been chosen as this represents the optimal trade-off point at which underground extraction below the pit shows higher potential margins then deepening the open pit.

Exploration Success Continues:

• Extensive Drilling: Kinross has completed over 420 kilometers of drilling

• Deep Drilling: Drilling up to 1,600 meters deep has shown continued high-grade mineralization well below the current PEA inventory, underscoring the asset's potential and Kinross’s view that high-grade mineralization extends at depth, suggesting future resource growth.

See the full news release here:

Kinross Gold completes Great Bear Preliminary Economic Assessment https://www.juniorminingnetwork.com/junior-miner-news/press-releases/879-tsx/k/166841-kinross-completes-great-bear-preliminary-economic-assessment.html

The full PEA is here: https://s2.q4cdn.com/496390694/files/doc_downloads/2024/09/Great_bear/Kinross-Great-Bear-PEA-TR-REVISED-FINAL-Sep-9-2024.pdf

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MasterMetals

@MasterMetals

$VGCX.TO: PWC details Victoria Gold’s assets & debts

Assets stood at C$824.75 Million, the majority consisting of property, plant & equipment of C$442.6 million and inventory (on the pad?!) of C$224.7 million. Cash, just C$24 Million.

Debts stand at at least C$300 million owed to 424 creditors.

89 Yukon-based companies are owed just under $42 million, representing 50.7% of the total unsecured debt.