BRICS Nations Have Been Buying Massive Amount of Gold July 18, 2023 - Baystreet.ca There’s been a good deal of speculation BRICS nations could dethrone the U.S. dollar with gold this August. While it’ll be interesting to see if they can accomplish their goal, they have been accumulating the metal in the meantime. In fact, the World Gold Council, “published a report saying that China purchased 102 tonnes of gold. Russia has purchased 31.1 tonnes of precious metal in the last six months. In addition, India added 2.8 tonnes to its gold reserves in 2023, for the first time in more than a year. India accumulated gold for several months and could add more by the end of the year.” If successful, gold’s role as a global alternative currency could increase, as would its price. All of which could be a strong catalyst for companies, such as Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), Franco Nevada Corp. (NYSE: FNV) (TSX: FNV), and Royal Gold Inc. (NASDAQ: RGLD). Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example Calibre Mining Corp. announce positive results from the 2023 expansion drilling at Panteon North and step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex. These new intercepts continue to demonstrate the potential of the multi-kilometre long structure identified by our 2022 VTEM geophysical survey. Today’s results are located along the west side of the VTEM corridor, proximal to and extending approximately two kilometres from the high-grade Panteon North project. New drill intercept highlights along the Panteon VTEM Geophysical Gold Corridor include:- 15.64 g/t Au over 2.5 metres Estimated True Width (“ETW”) in Hole LIM-23-4765- 3.57 g/t Au over 13.4 metres ETW including 7.09 g/t Au over 6.0 metres ETW in Hole LIM-23-4759- 19.67 g/t Au over 1.9 metres ETW and 6.87 g/t Au over 7.0 metres including 19.80 g/t Au over 1.1 metres ETW in Hole LIM-23-4752- 21.62 g/t Au over 2.0 metres ETW including 31.30 g/t Au 1.4 metres ETW in Hole LIM-23-4743- 20.89 g/t Au over 1.3 metres ETW in Hole LIM-23-4745- 19.90 g/t Au over 1.2 metres ETW in Hole LIM-23-4758- 8.50 g/t Au over 3.1 metres ETW including 21.40 g/t Au over 1.2 metres ETW in Hole LIM-23-4763- 24.40 g/t Au over 1.3 metres ETW in Hole LIM-23-4738 March 21, 2023 intercepts along the Panteon VTEM Geophysical Gold Corridor and Panteon North:- 17.45 g/t Au over 4.1 metres ETW including 38.45 g/t Au over 1.8 metres ETW in Hole LIM-22-4736;- 29.68 g/t Au over 4.3 metres ETW in Hole LIM-22-4724. Note: Estimated True Widths for reported vein intercepts are based on 3D models of the individual veins. Estimates are determined in cross-section by measuring the modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage based differences between individual ETWs and down-hole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different vein systems. Darren Hall, President and Chief Executive Officer of Calibre, stated: “Following a successful 2022 drill campaign, I am excited to report the first batch of 2023 high-grade drill results from the multi-kilometre VTEM Gold Corridor located within the Limon Mine Complex which further validate the expansion opportunity. At this stage we have only tested a small portion of the strike extent along the Corridor, yet strong potential exists on both the west and east of the resistivity contact. Given our strong operating cash flow and ability to self-fund growth and exploration we have nine drill rigs active across our near mine and satellite targets in Nicaragua.” Tom Gallo, Senior Vice President, Growth of Calibre, stated: “I am pleased with the 2023 drill success along the VTEM Gold Corridor. Initial delineation of three main areas outside the known Panteon North Reserve area should have a positive impact on our year end Mineral Resource statement. Field work has identified two areas of interest, located only 3 km north of Panteon, with notable trends of high-grade rock samples at surface. Drilling will commence in these locations in August. Other related developments from around the markets include: Barrick Gold Corporation will release its Q2 2023 results on Tuesday, August 8, 2023. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EDT, with an interactive webinar linked to a conference call. The company will release its preliminary production, sales and cost information for Q2 2023 on July 13, 2023. Newmont Corporation announced that it will release its second quarter 2023 operations and financial results on Thursday, July 20, 2023. Newmont will hold a conference call at 11 a.m. Eastern Daylight Time (9:00 a.m. Mountain Daylight Time), the same day, which will be available on the Company’s website. Franco Nevada Corp. announced it will report its second quarter 2023 results as follows: Second quarter 2023 results release on August 8 after market close. Conference call and webcast on August 9 at 10 a.m. ET. Royal Gold Inc. announced that its wholly-owned subsidiary RG Royalties, LLC, has entered into a binding commitment letter with ACG Acquisition Company Ltd. to acquire new royalty interests on the producing Serrote and Santa Rita mines in Brazil for total cash consideration of $250 million, subject to satisfaction of certain conditions, including negotiation and execution of definitive documentation. The royalty interests consist of a gold royalty on the Serrote mine, a gold, platinum and palladium royalty on the Santa Rita mine, and a copper and nickel royalty on both the Serrote and Santa Rita mines. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media
BRICS Nations Have Been Buying Massive Amount of Gold July 18, 2023 - Baystreet.ca There’s been a good deal of speculation BRICS nations could dethrone the U.S. dollar with gold this August. While it’ll be interesting to see if they can accomplish their goal, they have been accumulating the metal in the meantime. In fact, the World Gold Council, “published a report saying that China purchased 102 tonnes of gold. Russia has purchased 31.1 tonnes of precious metal in the last six months. In addition, India added 2.8 tonnes to its gold reserves in 2023, for the first time in more than a year. India accumulated gold for several months and could add more by the end of the year.” If successful, gold’s role as a global alternative currency could increase, as would its price. All of which could be a strong catalyst for companies, such as Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), Franco Nevada Corp. (NYSE: FNV) (TSX: FNV), and Royal Gold Inc. (NASDAQ: RGLD). Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example Calibre Mining Corp. announce positive results from the 2023 expansion drilling at Panteon North and step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex. These new intercepts continue to demonstrate the potential of the multi-kilometre long structure identified by our 2022 VTEM geophysical survey. Today’s results are located along the west side of the VTEM corridor, proximal to and extending approximately two kilometres from the high-grade Panteon North project. New drill intercept highlights along the Panteon VTEM Geophysical Gold Corridor include:- 15.64 g/t Au over 2.5 metres Estimated True Width (“ETW”) in Hole LIM-23-4765- 3.57 g/t Au over 13.4 metres ETW including 7.09 g/t Au over 6.0 metres ETW in Hole LIM-23-4759- 19.67 g/t Au over 1.9 metres ETW and 6.87 g/t Au over 7.0 metres including 19.80 g/t Au over 1.1 metres ETW in Hole LIM-23-4752- 21.62 g/t Au over 2.0 metres ETW including 31.30 g/t Au 1.4 metres ETW in Hole LIM-23-4743- 20.89 g/t Au over 1.3 metres ETW in Hole LIM-23-4745- 19.90 g/t Au over 1.2 metres ETW in Hole LIM-23-4758- 8.50 g/t Au over 3.1 metres ETW including 21.40 g/t Au over 1.2 metres ETW in Hole LIM-23-4763- 24.40 g/t Au over 1.3 metres ETW in Hole LIM-23-4738 March 21, 2023 intercepts along the Panteon VTEM Geophysical Gold Corridor and Panteon North:- 17.45 g/t Au over 4.1 metres ETW including 38.45 g/t Au over 1.8 metres ETW in Hole LIM-22-4736;- 29.68 g/t Au over 4.3 metres ETW in Hole LIM-22-4724. Note: Estimated True Widths for reported vein intercepts are based on 3D models of the individual veins. Estimates are determined in cross-section by measuring the modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage based differences between individual ETWs and down-hole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different vein systems. Darren Hall, President and Chief Executive Officer of Calibre, stated: “Following a successful 2022 drill campaign, I am excited to report the first batch of 2023 high-grade drill results from the multi-kilometre VTEM Gold Corridor located within the Limon Mine Complex which further validate the expansion opportunity. At this stage we have only tested a small portion of the strike extent along the Corridor, yet strong potential exists on both the west and east of the resistivity contact. Given our strong operating cash flow and ability to self-fund growth and exploration we have nine drill rigs active across our near mine and satellite targets in Nicaragua.” Tom Gallo, Senior Vice President, Growth of Calibre, stated: “I am pleased with the 2023 drill success along the VTEM Gold Corridor. Initial delineation of three main areas outside the known Panteon North Reserve area should have a positive impact on our year end Mineral Resource statement. Field work has identified two areas of interest, located only 3 km north of Panteon, with notable trends of high-grade rock samples at surface. Drilling will commence in these locations in August. Other related developments from around the markets include: Barrick Gold Corporation will release its Q2 2023 results on Tuesday, August 8, 2023. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EDT, with an interactive webinar linked to a conference call. The company will release its preliminary production, sales and cost information for Q2 2023 on July 13, 2023. Newmont Corporation announced that it will release its second quarter 2023 operations and financial results on Thursday, July 20, 2023. Newmont will hold a conference call at 11 a.m. Eastern Daylight Time (9:00 a.m. Mountain Daylight Time), the same day, which will be available on the Company’s website. Franco Nevada Corp. announced it will report its second quarter 2023 results as follows: Second quarter 2023 results release on August 8 after market close. Conference call and webcast on August 9 at 10 a.m. ET. Royal Gold Inc. announced that its wholly-owned subsidiary RG Royalties, LLC, has entered into a binding commitment letter with ACG Acquisition Company Ltd. to acquire new royalty interests on the producing Serrote and Santa Rita mines in Brazil for total cash consideration of $250 million, subject to satisfaction of certain conditions, including negotiation and execution of definitive documentation. The royalty interests consist of a gold royalty on the Serrote mine, a gold, platinum and palladium royalty on the Santa Rita mine, and a copper and nickel royalty on both the Serrote and Santa Rita mines. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media