Founding Gold Industry Group member Doray Minerals announced its first gold pour at their Deflector Gold Project in the southern Murchison region of Western Australia today.
Approximately 14 months after the completion of the takeover of Mutiny Gold in March 2015, construction of the new, purpose-built 480,000tpa processing plant recently achieved Practical Completion, on schedule, with mineralised material now being fed through the plant and resulting in production of the first gold bars from the gravity circuit.
Gold Industry Group founding member and leading Western Australian gold developer and explorer Gold Road Resources made one footy-mad 12-year old from the remote Cosmo Newberry Aboriginal Community dream come true on the weekend, winning the trip of a lifetime to Melbourne.
Kayshun Murray won a competition, sponsored by Gold Road and open to all children of Yilka descent, in which they were asked to draw a picture or write a story summarising “what Australian Rules football means to me”. Kayshun’s winning entry was a picture describing football in relation to family, fitness and teamwork.
When you buy gold you become part of not insignificant community who hold over 6,000 million troy ounces. This is the amount of gold that research firms like Thomson Reuters GFMS estimate exists across the globe – around 187,000 tonnes worth $7.13 trillion dollars.
However, since people are unlikely to truthfully answer a telephone survey about how much gold they have (particularly if they store it at home), how do research firms come up with their estimate?
Doray Minerals Limited has announced it has entered into a farm-in Agreement with Rox Resources Limited to explore the highly prospective and underexplored Mount Fisher Gold Project which is located in the north-eastern Goldfields of Western Australia.
The Mt Fisher farm-in represents another strategic exploration project for Doray, with a large contiguous land package over an underexplored greenstone belt with already identified gold mineralisation, and adds to its highly prospective Horse Well JV and Western Gawler farm-in in South Australia.
Most people are familiar with the primary uses of gold; as a currency, in the creation of coins and bars, and as jewellery.
However, gold is also used for medical purposes in the treatment of rheumatoid arthritis and certain cancers; and in modern dentistry and orthodontics. It can be consumed as an indulgence in beverages or as a culinary decoration; and used in electronic devices such as mobile phones, tablets, and televisions, to name a few, as it is a highly efficient conductor that doesn’t corrode, making it extremely reliable.
Brink’s is the first international secure logistics provider to join the Gold Industry Group.
Brink’s has been managing risk for clients around the world for more than 150 years. They work closely with the mining community, refineries, financial institutions, banks, retailers, diamond and jewellery dealers, pharmaceutical and securities companies in more than 100 countries.
Perth based Macmahon Holdings is the latest mining contractor to join the Gold Industry Group.
With an extensive and successful track record operating at some of the world’s largest gold mines, Macmahon is well versed on the importance of the gold sector in Australia and the impact that the industry has on the global economy.
Concerned consumers, organisations, and governments around the world continue to shine a light on conflict minerals. These tainted commodities are traded by private armed groups for monetary gain to finance civil conflicts and violence which contribute to the violation of human rights. Thus, the quest for ‘responsible’ and ethically sourced minerals is becoming more and more prevalent.
Conflict minerals, which can include gold ore, are smuggled out of countries such as the Democratic Republic of the Congo, and parts of Afghanistan, Columbia, and Zimbabwe, and shipped to smelters around the world for refinement.
Ramelius Resources, like many mining companies, participate in the vacation (VAC) student program which provides university students with hands on work experience during the summer. Students studying engineering, metallurgy and geology are encouraged to take part to gain valuable workplace skills and exposure to their specialist area. The VAC program also gives companies the opportunity to employ students they know are experienced and capable once they graduate.
Engineering student Eoghan McCallion worked for Ramelius over the summer vacation period along with geological and metallurgical students from Curtin University.
Ausdrill has joined the Gold Industry Group as a strong advocate and service provider to the gold sector.
Ausdrill Managing Director Ron Sayers started the company in 1987 with a single drill rig operating from Kalgoorlie in Western Australia. Today the Ausdrill Group employs over 4,000 staff worldwide.
“Gold is our core business, and over the past 30 years we have provided services to many of the world’s leading gold mining companies, both in Australia and Africa.
The Perth Mint posted record revenue of $4.4 billion and pre-tax profit of $24.9 million for Q1/Q2 of the 2015/16 financial year.
Premier Colin Barnett said the result reflected the significance of the Mint to the State and its future development.
“Gold mining has been at the cornerstone of the State’s advancement for more than a century, and The Perth Mint has always played an integral role in that industry,” Barnett said.
Physical gold and silver have been seen as the ultimate store of wealth for millennia, and have been highly sought after by investors the world over.
Demand remains strong today across the globe, with thousands of tonnes purchased annually from a diverse group of investors that include Indian housewives, central banks, hedge funds and family offices.
The WASM Wallabies will compete in the Intercollegiate Mining Games Competition (ICMC) in Montana next month thanks to proud sponsors in the community including Ramelius Resources and Gold Fields Australia.
Commonly known as the Mining Games, the competition was established in 1978 in memory of the 1972 Sunshine Mine disaster in Idaho. The annual event honours the fallen miners from around the world and highlights the need for a continued focus on protecting the lives of every person working in mining. Each year students from mining schools across the globe compete in the ICMC.
A new common room at Curtin University for young adults with autism was launched last week with the support of Norton Gold Fields.
Norton Gold Fields donated $50,000 to develop the common room into a dedicated space for students participating in the Curtin University’s Specialist Mentoring Program (CSMP).
ABC Bullion’s Chief Economist Jordan Eliseo provides his insights from the SMSF Association National Conference last week on the growth in physical bullion investment and why trustees are buying bullion.
The SMSF Association National Conference was attended by more than 1,000 financial advisers, accountants, auditors and service providers and is the largest annual gathering for professionals servicing the $600 billion Self-Managed Superannuation Fund market in Australia.
From its renowned precious metals refinery to its modern manufacturing facilities, through to its range of gold coins and bars, and innovative precious metals investment offerings – The Perth Mint has evolved from its humble yet industrious beginnings into a dynamic enterprise which embraces the global gold market.
As Australia’s only remaining, fully operating ‘gold rush’ mint of the 1800s, The Perth Mint’s grand colonial building continues to guard the wealth of operations and gold exhibits, which each play a role in adding value to, and promoting, gold worldwide.
Gold Fields Australia’s dedicated Foundation has today provided $50,000 to the Princess Margaret Hospital Foundation to fund the first stage of building a facial analysis database of Indigenous children’s faces from the Goldfields region.
Chairman of the Gold Fields Australia Foundation Alex Munt explained the importance of this program which will enable a significant number of medical conditions and diseases to be diagnosed through facial analysis.
This Saturday the Gold Industry Group will be joining members Kalgoorlie-Boulder Chamber of Commerce, Gold Fields Australia and 80 other community organisations at the Explore the Goldfields Community Expo in Saint Barbaras Square, Kalgoorlie.
Visit us at the Expo to find out more about the Gold Industry Group, our members and enter our competition to WIN a Kangaroo Minted Gold Bar thanks to our partner The Perth Mint!
The Chinese consider gold an exciting and aspirational gift associated with good luck, and is often given during Chinese New Year. Chinese New Year will be celebrated on Monday 8 February, marking the arrival of the Year of the Monkey.
