Discovery by Alchemists in the 16th Century Fulminating gold, a compound first discovered by 16th-century alchemists, has long intrigued scientists due to the unique purple smoke it produces upon detonation. Predominantly composed of various compounds and ammonia, fulminating gold’s explosive nature was initially observed by German alchemist Sebald Schwaertzer in 1585. The material garnered attention from notable chemists like Robert...
The global market is currently experiencing a downturn in platinum prices. In January, platinum was valued at $1,113 per troy ounce, but it has since fallen to around $845. This trend of decreasing prices is expected to continue through the end of 2023 and into 2024. However, conditions are now forming that could lead to an eventual increase in platinum...
Project Overview and Potential The Bayan Khundii (BK) gold project, located in southwestern Mongolia, is on track to become one of the world’s highest-grade open-pit gold mines and the largest primary gold producer in Mongolia by 2025. An updated feasibility study completed in August 2023 highlights the project’s promising economic potential. Feasibility Study Highlights The updated study encompasses a revised...
Terrace Project Exploration Update Decade Resources has made notable advancements in exploring several properties in British Columbia’s Golden Triangle. In the Terrace Project, particularly in the Nobody Knows Zone, the company discovered significant copper sulphide mineralization. This project, covering 17,470 hectares, includes the Nobody Knows, Dardanelle, and Treasure Mountain properties. Drilling activities revealed copper sulphides in felsic volcanic rocks, with...
Analyst Chris Brown from Morgans anticipates a substantial increase in production at Catalyst Metals’ Plutonic gold mine in Australia. Over the next two years, the company is expected to double its annual output, surpassing 150,000 ounces. This surge in production is likely to lower cash costs per ounce and elevate Catalyst Metals to the mid-tier among ASX-listed gold miners. Brown...
Anglo Asian Mining reported a significant reduction in gold and silver production in Azerbaijan for the period from January to September 2023. The company’s gold equivalent output fell by 33.4% year-on-year, with gold production decreasing by 41.3% to 18,771 ounces and silver production dropping by 65.2% to 50,272 ounces. However, copper production saw an 11.6% increase, reaching 2,111 tons. The...
Background of the Dispute The ongoing dispute between Chinese-owned Nkwe Platinum and its empowerment partner Genorah Resources over control of extensive mineral deposits in northeast South Africa remains unresolved. These deposits, estimated at 23 million ounces of platinum, palladium, rhodium, and gold, are located near Anglo American Platinum and African Rainbow Minerals’ Modikwa mine in the Eastern Limb of the...
Steady Revenues Amidst Challenges Americas Gold and Silver Corporation unveiled its Q3-2023 financial performance, reporting a consistent revenue of $18.3 million, mirroring the same period in 2022. This outcome was driven by a rise in silver production and pricing at the Galena Complex, counterbalanced by a decrease in base metal output and a drop in zinc prices at the Cosalá...
South African Miners Confront EV Market Shift The rise of electric vehicles (EVs) presents a challenging landscape for South African miners specializing in platinum group metals (PGMs). South Africa, the world’s leading reserve holder and producer of platinum, finds its industry at a crossroads as global demand shifts due to the EV revolution. Major miners in the region, such as...
Blockchain in the Gold Business: On November 1, HSBC unveiled HSBC Orion, its innovative blockchain bond monetization platform. The primary objective? To convert the bank’s physical gold ownership stored in London vaults into a more liquid asset. Digital Tokens for Gold Bullion: With this new system, digital tokens will be produced, each symbolizing gold bullion. These tokens then become tradable...
