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Vedanta’s Hindustan Zinc Becomes the 3rd Largest Producer of Silver Globally

Retrieved on:

Thursday, April 18, 2024

Environment, Other Energy, Sustainability, Alternative Energy, Home Goods, Energy, Mining, Minerals, Jewelry, Retail, Natural Resources, Vedanta, Silver, Certification, Hindustan Zinc, London Bullion Market Association, Atmanirbhar Bharat, Electronics, LBMA

Hindustan Zinc Limited (HINDZINC | 500188 | INE267A01025) - a Vedanta group company in zinc-lead-silver business has now become the 3rd largest* silver producer globally as per the World Silver Survey 2024 conducted by ‘The Silver Institute’, USA.

Key Points:

Hindustan Zinc Limited (HINDZINC | 500188 | INE267A01025) - a Vedanta group company in zinc-lead-silver business has now become the 3rd largest* silver producer globally as per the World Silver Survey 2024 conducted by ‘The Silver Institute’, USA.
The company’s Sindesar Khurd Mine now stands as the world's 2nd largest silver-producing mine moving up from last year’s 4th position.
On this achievement, Chairperson of Hindustan Zinc – Ms. Priya Agarwal Hebbar said, “Silver plays a pivotal role in the global energy transition and our recent record silver production of 746 MT paves the way for Atmanirbhar Bharat.
Hindustan Zinc’s production growth of 5% year-on-year is attributed to increased ore production and enhanced grades, reinforcing its status as a key player in the global silver market.

G Mining Ventures Provides Tocantinzinho Project Update

Retrieved on:

Thursday, April 11, 2024

BROSSARD, QC, April 11, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to provide an update on progress made at GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project") currently under construction in the State of Pará, Brazil.

Key Points:

BROSSARD, QC, April 11, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to provide an update on progress made at GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project") currently under construction in the State of Pará, Brazil.
Pre-production Mining – Pre-production mining activities have exceeded 50 thousand tonnes ("kt") per day ("pd") and have been operating on a 24/7 basis since May 2023.
Human Resources – 1,680 employees and contractors are currently employed by the Project with 94% of the workforce comprised of Brazilians.
Budget is tracking in line with the Feasibility Study dated February 09, 2022 (filed under GMIN's profile on Sedar, entitled "Feasibility Study – NI 43-101 Technical Report, Tocantinzinho Gold Project.").

Mercury Securities Introduces Mercury Gold

Retrieved on:

Monday, February 19, 2024

Social media, Investment, Sale, MBS, Gold, London Bullion Market Association, LBMA, Mercury, Silver, Palladium

KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.

Key Points:

KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.
Mercury Gold offers physical bullion for purchase as well as Mercury Bullion Savings, a program where customers can buy, sell and accumulate bullion by the gram.
In addition, Mercury Gold is proud to introduce Mercury Bullion Savings (MBS) Program, which is an easy, safe and cost-effective way to invest and own gold and silver bullion.
To learn more about Mercury Gold and open an account, go to: Mercury Gold.

Imperial Reports Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 7, 2023

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.

Key Points:

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.
Total revenue was $78.5 million in the September 2023 quarter compared to $41.7 million in the 2022 comparative quarter.
The London Metals Exchange cash settlement copper price per pound averaged US$3.79 in the September 2023 quarter compared to US$3.51 in the 2022 comparative quarter.
In CDN Dollar terms the average copper price in the September 2023 quarter was CDN$5.08 per pound compared to CDN$4.59 per pound in the 2022 comparative quarter, and the average gold price in the September 2023 quarter was CDN$2,587 per ounce compared to CDN$2,258 per ounce in the 2022 comparative quarter.

ORIGYN Technology Empowers Creation of Digital Certificates for Metalor Gold Bars

Retrieved on:

Thursday, October 5, 2023

Certification, X.509, Gold, Insurance, Digital, LBMA, GLD, Blockchain, NFT, Hardness, Cryptocurrency

Metalor, one of the world's most trusted gold refiners since 1852, refines gold in accordance with the highest industry standards.

Key Points:

Metalor, one of the world's most trusted gold refiners since 1852, refines gold in accordance with the highest industry standards.
Metalor sources gold from selected countries and sustainably refines the precious metal into 99.99% pure gold bars from one of the five Metalor refineries all LBMA-certified across three continents.
Now, leveraging ORIGYN's powerful certification technology for select gold bars, this information will be securely recorded in a permanent, immutable digital certificate.
In the case of gold certification, the newly launched gold project, GLD NFT, is now selling the digitally-certified Metalor gold bars on Yumi.io marketplace, increasing access to and transparency across the gold market.

Monetary Metals Leases Gold to Istanbul Gold Refinery

Retrieved on:

Monday, October 16, 2023

IGR, Metal, Dubai Gold & Commodities Exchange, LBMA, Gold, COMEX, Commodity broker, Growth, DGCX, London Bullion Market Association, Palladium

SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR).

Key Points:

SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR).
IGR Metals Trading DMCC is a member of the Dubai Gold and Commodities Exchange (DGCX).
"IGR is an important player in the precious metals industry," said Keith Weiner, CEO of Monetary Metals.
Anna Dinzler, General Manager of IGR DMCC commented on the agreement, "We're pleased with our lease facility from Monetary Metals, and we regard them as a key partner in supporting our growth."

FROM MINE TO MINT: ROYAL CANADIAN MINT INTRODUCES A NEW SINGLE MINE GOLD MAPLE LEAF BULLION COIN IN PARTNERSHIP WITH NEWMONT

Retrieved on:

Wednesday, October 4, 2023

London Bullion Market Association, Cree, GML, Acer saccharum, Mint, Cree Nation of Wemindji, Good Delivery, Silver, Royal Canadian Mint, LBMA, Carbon, Robert, Gold, Mining, Maple leaf, Palladium, Newmont

99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is entirely composed of gold from Newmont's Éléonore gold mine in Northern Québec and is expertly refined by the Mint under a rigorous segregation protocol.

Key Points:

99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is entirely composed of gold from Newmont's Éléonore gold mine in Northern Québec and is expertly refined by the Mint under a rigorous segregation protocol.
This special gold bullion coin will soon be available through the Mint's network of official bullion distributors.
"As the world's recognized sustainability leader in gold mining, Newmont is honoured to supply the gold for the Royal Canadian Mint's Pure Gold Maple Leaf Single-Sourced coin from our Éléonore mine in Québec," said Tom Palmer, Newmont's President and Chief Executive Officer.
The reverse of the Mint's newest single-source mined pure gold coin features Walter Ott's detailed engraving of a Sugar Maple leaf, the hallmark of the Mint's Maple Leaf family of bullion coins.

Imperial Reports Second Quarter 2023 Financial Results

Retrieved on:

Thursday, August 10, 2023

Total revenue was $85.8 million in the June 2023 quarter compared to $36.4 million in the 2022 comparative quarter.

Key Points:

Total revenue was $85.8 million in the June 2023 quarter compared to $36.4 million in the 2022 comparative quarter.
The London Metals Exchange cash settlement copper price per pound averaged US$3.85 in the June 2023 quarter compared to US$4.32 in the 2022 comparative quarter.
In CDN Dollar terms the average copper price in the June 2023 quarter was CDN$5.17 per pound compared to CDN$5.52 per pound in the 2022 comparative quarter, and the average gold price in the June 2023 quarter was CDN$2,657 per ounce compared to CDN$2,391 per ounce in the 2022 comparative quarter.
Mount Polley metal production for the second quarter of 2023 was 7,062,836 pounds copper and 10,185 ounces gold, compared to 6,678,094 pounds copper and 9,980 ounces gold produced during the first quarter of 2023.

Merk Investments sets August 7, 2023, to Change Pricing Index for VanEck® Merk® Gold Trust (OUNZ)

Retrieved on:

Wednesday, August 2, 2023

Professional Services, Finance, Investment, Sponsor, Trust, LBMA, Index, BNY Mellon, Gold, Merk, Bank, NYSE, Cryptocurrency

Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective August 7, 2023 (the “Index Change Date”).

Key Points:

Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective August 7, 2023 (the “Index Change Date”).
In May 2023, Merk announced its intention to change the pricing index for the VanEck Merk Gold Trust.
The Index Change Date has now been finalized to be August 7, 2023.
The Sponsor has instructed The Bank of New York Mellon, the trustee of the Trust, to begin using SOLAGOLD to determine the net asset value (“NAV”) of the Trust on the Index Change Date.

International Tower Hill Mines Announces Appointment of Gold Market Expert Dr. Edel Tully to Board

Retrieved on:

Thursday, June 22, 2023

London Bullion Market Association, Mitsui, NOT, Market, Communication, AND, LBMA, British Non-Ferrous Metals Research Association, SELL, Gold, THM, Chairperson, NEWS, AN, TSX, UBS, Research, NYSE, Metal

"On behalf of the Board of Directors, I am pleased to welcome Dr. Tully.

Key Points:

"On behalf of the Board of Directors, I am pleased to welcome Dr. Tully.
Her deep and vast experience in understanding the gold market will help the Company maximize its tremendous leverage to higher gold prices," said Marcelo Kim, Board Chair.
Dr. Tully is a business leader with 20 years of experience in the precious metals market.
"I am excited to join International Tower Hill Mines' board of directors and look forward to contributing my precious metals sector experience to this very exciting company," said Dr. Tully.