Saving Grace
3 days ago
The drill program is designed to improve the understanding of the higher-grade intercepts, better understand the mineralization controls, and test exploration targets outside the currently known resource. Through this work the Company hopes to develop opportunities to mine higher-grade ore early in the mine plan enhancing the project's economics. The 2022-2023 exploration drill program at the Hycroft Mine comprises approximately 30,000 m of RC drilling and approximately 7,500 m of core drilling. The RC drilling for Phase 2 was conducted by Boart Longyear of West Valley City, UT , and Alford Drilling of Elko, NV , and core drilling for Phase 2 is being conducted by Timberline Drilling Incorporated of Elko, NV. Assays are being completed by Paragon Geochemical of Reno, NV. The Company's Qualified Person is Alex Davidson , Vice President, Exploration.
Year of the Dragon in 2024 is expected to be a time of visionary leaders, innovators and problem solvers. 2024 is also predicted to be a great year to start new projects, explore new opportunities and create value for yourself and others.
In terms of industry trends, businesses in fintech, AI, cybersecurity, blockchain, and solar energy are projected to thrive. Companies that are quick to adopt new technologies and have strong marketing strategies are likely to thrive in 2024.
Silver prices are expected to thrive at an alarming level and Hycroft Mining has lots of it.
Saving Grace
3 days ago
All these components are integral to building a right-sized plan for bringing the Hycroft Mine back into production. It is vitally important to design and build the best operation to ensure its long life
Hycroft To Be Added To the Solactive Global Silver Miners Total Returns Index
WINNEMUCCA, Nev. , April 25, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (" Hycroft " or "the Company") is pleased to announce that Hycroft will be added to the Solactive Global Silver Miners Total Returns Index (the "Silver Index"), effective May 1, 2024 .
Diane R. Garrett , President and CEO of Hycroft, commented: "We are incredibly pleased with Hycroft's inclusion on the Solactive Global Silver Miners Total Returns Index as it is an important achievement and comes at a time of strong tailwinds in the price of commodities."
As noted in Solactive's Global Silver Miners Total Returns Index Guideline, companies included on the Silver Index must have "significant business operations in silver mining" with either "significant revenues generated or expected to be generated in the future either from silver mining or closely related activities (i.e.exploration and refining of silver) and a free float market capitalization of at least US$60 million ". The index is comprised of up to 40 companies that meet the criteria specified in the guidelines and includes international companies active in exploration, mining and/or refining of silver from across the industry and varied geographic locations. Inclusion in this Silver Index reflects the Company's growth and accomplishments and provides Hycroft's investors enhanced liquidity, and trading flexibility by giving the Company a higher profile within the investment community.
As previously reported, Hycroft initiated the largest exploration program at the Hycroft Mine in over a decade, which culminated in the best hole ever drilled in the history of Hycroft resulting in a very high-grade underground silver discovery. For more information please visit our website at www.hycroftmining.com .
For more information on the requirements for inclusion in the Silver Index, please visit https://solactive.com/downloads/Guideline-Solactive-SOLGLOSI.pdf?v=0429 .
https://hycroftmining.com/news/hycroft-to-be-added-to-the-solactive-global-silver-miners-total-returns-index
Notice Diamond!
Saving Grace
1 week ago
Diane R. Garrett , President and CEO of Hycroft, commented: "We are incredibly pleased with Hycroft's inclusion on the Solactive Global Silver Miners Total Returns Index as it is an important achievement and comes at a time of strong tailwinds in the price of commodities."
As noted in Solactive's Global Silver Miners Total Returns Index Guideline, companies included on the Silver Index must have "significant business operations in silver mining" with either "significant revenues generated or expected to be generated in the future either from silver mining or closely related activities (i.e.exploration and refining of silver) and a free float market capitalization of at least US$60 million ". The index is comprised of up to 40 companies that meet the criteria specified in the guidelines and includes international companies active in exploration, mining and/or refining of silver from across the industry and varied geographic locations. Inclusion in this Silver Index reflects the Company's growth and accomplishments and provides Hycroft's investors enhanced liquidity, and trading flexibility by giving the Company a higher profile within the investment community.
As previously reported, Hycroft initiated the largest exploration program at the Hycroft Mine in over a decade, which culminated in the best hole ever drilled in the history of Hycroft resulting in a very high-grade underground silver discovery. For more information please visit our website at www.hycroftmining.com .
For more information on the requirements for inclusion in the Silver Index, please visit https://solactive.com/downloads/Guideline-Solactive-SOLGLOSI.pdf?v=0429 .
https://hycroftmining.com/news/hycroft-to-be-added-to-the-solactive-global-silver-miners-total-returns-index
Notice Diamond!
Jeev
1 week ago
This verse was left on John Lennon’s cutting room floor. Probably a good thing.
Imagine the masses trying to clamor aboard at the last minute, in the last hours before the doors close.
Unfortunately, their flimsy financial "life preservers" (fiat dollar-denominated assets) won't be adequate. They're not going to float in the tempest to come.
Imagine trying to bail out of stocks when they're dropping like a rock in an effort to salvage something close to your original investment (principal).
Imagine trying to get your cash out of the bank when "capital controls" are instituted, and you can only pull out $3,000 per day or less -- or none.
Imagine trying to purchase physical gold and silver at much, much higher prices.
Imagine the FOMO (Fear of Missing Out).
Imagine the fearful, stressful rush to find safety in the face of an oncoming disaster.
Imagine if you can, how sweet the sleep is of those who have prepared ahead of time for any eventuality.
And the worst scenario?
Imagine missing the boat altogether.
Saving Grace
1 week ago
The Gold and Silver ship will set sail
Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range.
That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that continues to rapidly devalue the dollar.
That leaves many people wondering when gold is really going to break out.
It's impossible to predict the timing of such things, but as Metals Specialist Garth Patchen put it, "It will leave the port-of-call at some point."
"And like Noah's Ark of old, those who miss the boat will face a catastrophe.
The thing is there are only so many seats on board, and prices are relatively cheap at present.
Do you really want to wait until the final hour?
Patchen paints a vivid word picture.
Imagine the masses trying to clamor aboard at the last minute, in the last hours before the doors close.
Unfortunately, their flimsy financial "life preservers" (fiat dollar-denominated assets) won't be adequate. They're not going to float in the tempest to come.
Imagine trying to bail out of stocks when they're dropping like a rock in an effort to salvage something close to your original investment (principal).
Imagine trying to get your cash out of the bank when "capital controls" are instituted, and you can only pull out $3,000 per day or less -- or none.
Imagine trying to purchase physical gold and silver at much, much higher prices.
Imagine the FOMO (Fear of Missing Out).
Imagine the fearful, stressful rush to find safety in the face of an oncoming disaster.
Imagine if you can, how sweet the sleep is of those who have prepared ahead of time for any eventuality.
And the worst scenario?
Imagine missing the boat altogether.
https://www.fxstreet.com/analysis/the-gold-and-silver-ship-will-set-sail-202405192204
Saving Grace
1 week ago
Signs that a global gold standard is gaining traction – Steve Forbes
(Kitco News) – There are multiple indications that the world is progressing towards a transition to a new gold standard, according to Steve Forbes, Chairman and Editor-in-Chief of Forbes Media.
“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.”
He said that despite the many myths and pervasive ignorance surrounding gold-based money, it worked very well for a long time. “The U.S. was on a gold-based system for 180 years until the early 1970s,” Forbes wrote. “We never had inflation when the dollar’s value was tied to the yellow metal, and the U.S. experienced the greatest long-term economic growth in human history.”
Conversely, Forbes said that since the U.S. abandoned the gold standard, its average growth rates have declined by around 33%. “Median household income today would be at least $40,000 higher if our traditional pattern of growth for those 180 years had been maintained,” he said. “Nonetheless, the contumely and scorn for a gold-based monetary system is universal.”
Despite these prevailing attitudes, Forbes believes that he’s seeing several indications that a gold monetary system could be brought back.
“One is that central banks in recent years have been purchasing gold at record levels,” he noted. “Buyers include China, India, Russia and a number of other nations such as Poland. These countries are reacting to growing doubts about the long-term value of the dollar, which in turn is a symptom of the perceived decline of the United States.”
The growing popularity of cryptocurrencies is another indication, which Forbes characterizes as “a high-tech cry for help in the face of increasingly unreliable fiat currencies.”
“The problem here has been that most creators of cryptos, notably Bitcoin, don’t understand that a currency must be stable in value if it’s going to be used to conduct commercial transactions, especially long-term contracts,” he said. “There are a handful of cryptos tethered to gold, but they haven’t yet achieved the credibility or built the mechanisms to be widely used. Nonetheless, as governments flounder in their monetary policies, that will change.”
The ongoing trend of runaway public and private debt creation “will inevitably kindle crises that cannot be easily extinguished,” he said. “Total debt in the world today is more than $300 trillion, an astonishing three times global GDP.”
Forbes also noted the activities of the BRICS, which doubled in size at last year’s meeting, and whose members have been collaborating on de-dollarization initiatives and alternative payment systems. “Their monetary machinations, so far, have amounted to little, but that’s starting to shift,” he said.
Forbes pointed out that India began experimenting with gold-backed government bonds last year, and quoted monetary expert Nathan Lewis who said “These would probably be very popular with investors worldwide. From the start of the floating [currency] era in 1971 to the present, a gold bond paying 4% would have outperformed all stock and bond markets worldwide.”
“Zimbabwe, which must hold the record for hyperinflation, recently announced the launch of a new currency fixed to gold,” he concluded. “Deep skepticism is warranted that this government has the discipline to make such an arrangement work. But the move is a sign of things to come.”
https://www.kitco.com/news/article/2024-05-22/signs-global-gold-standard-gaining-traction-steve-forbes
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1vman
1 day ago
hunterj20
2 weeks ago
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