Canadian-based Endeavour Silver's Terronera property in Jalisco State, Mexico, is continuing to show high-grade silver and gold concentrations in its ore. The vein measures roughly 21.5 feet wide, nearly 1,200 feet deep and runs for almost a mile. The ratio of silver to gold in the ore is 70 to 1.
Gold Fields Ltd., based in Johannesburg, South Africa, is expected to pump $1.4 billion into its Damang mining operations in Ghana to keep the operations going through 2024, the firm announced. Company officials say the investment is expected to yield 225,000 ounces of gold for each of the eight years at a production cost of $950 an ounce while supporting 1,850 jobs.
The Royal Mint’s lunar bullion launch has become an eagerly anticipated event on the worldwide bullion calendar, particularly after the sell-out success of its gold and silver Lunar Year of the Monkey bullion coins for 2016. The Royal Mint’s Rooster design is the latest in the 1,100 year-old organization’s popular series to hit the competitive lunar bullion market.
Consumer research conducted by Nielsen India Private Limited on behalf of the World Gold Council indicates the people of India favor Indian Gold Coin over regular unbranded bullion coins. Since the Indian Gold project was introduced in November 2015, a total of 185 kilograms, just over 6,525 ounces, combined in 5- and 10-gram 24-karat gold bullion coins and rectangular...
New Zealand’s Canvastown hosted its first rush of gold miners in 1864, changing the landscape and financial fabric of the region. Now 150 years later, Canvastown, located 31 miles northwest of Blenheim, may experience another gold boom. Elect Mining in Nelson, New Zealand, has petitioned the nation’s government for resource consent to establish a new mine in the town.
The Industry Council for Tangible Assets is expanding its team with legal and legislative-affairs expertise. Effective Oct. 3, Jonathon Villavicencio of Sacramento, Calif., became the association’s legislative-affairs coordinator.
The first report of a counterfeit 1-ounce platinum PAMP Suisse bar in fake packaging comes from a bullion dealer in southwest Ohio. Donald Herres from Dollartowne in Bellbrook said that on Sept. 21, another dealer, who had bought the bars from a walk-in customer, presented Herres with three of them for purchase. (The other dealer wishes to remain anonymous).
The U.S. Mint reported sales of 1,675,000 American Eagle silver bullion coins in September. That's up slightly from July and August — when 1,370,000 and 1,280,000 coins were sold, respectively — but down from the previous two Septembers.
The U.S. Mint reports cumulative sales since Aug. 29 through Oct. 3 of 29,500 of the 2016 Theodore Roosevelt National Park 5-ounce silver bullion quarter dollars.