#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.

#Gold’n Highs

Another all-time high for Gold today!

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MasterMetals

@MasterMetals

#Gold keeps rising

As gold passes $2500/oz. reaching all-time highs, everyone wonders, will the rally continue?

The short and long of it is, Yes.

It's financial demand that will be the main driver:

Gold is under-owned.

#Gold closes above $2500!

It's been a long time waiting!

Believe it or not, they let it happen! +2% in one day. That’s how it happens.

All it takes is a couple of days like this and you’re up a couple hundred $ in a week, and next thing you know it, we’re at $3000…

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MasterMetals

@MasterMetals

King #Coal

Coal is Alive & Kicking

Despite all the solar panels, windmills, EV’s and government subsidies to go green, the world has never used as much coal.

Under current trends, coal demand will be higher in 2050 than it was in 2000.

Trafigura Confronts Huge Share Buyback Bill as Executives Leave—and Profits Boom Fades

Trafigura faces years of substantial buyback commitments due to the massive profits it generated following Russia's invasion of Ukraine, even as the unprecedented boom in the commodity trading industry begins to wane.

The numerous senior departures over the past year have further increased the volume of shares the company needs to repurchase, raising concerns for current and former employees who have considerable portions of their personal wealth invested in Trafigura.

According to a 2021 prospectus and sources familiar with the matter, when a shareholder leaves Trafigura, the value of their shares is fixed, and the company typically agrees to repurchase them in five installments: one upon departure and then annually over the next four years. Trafigura employs a similar arrangement to buy back shares each year from continuing employees.

See the whole article on Bloomberg here:

https://www.bloomberg.com/news/articles/2024-07-09/trafigura-wrestles-with-huge-share-buyback-bill-as-boom-fades

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