Whether you are a novice or a seasoned Kitco gold trader, there are always some things you want to keep in mind. It is crucial that you have the right tools and techniques to ensure you make the most of your investment. Thankfully, there are some great resources out there.
Golden Shield Resources
Founded in 2011 and operated in South America, Golden Shield Resources is led by an experienced global team. Their goal is to unlock the value of advanced-stage assets in the under-explored Guiana Shield. The company recently closed C$6.3 million in financing and will continue drilling at its Marudi Mountain project. They also plan to extend mineralization at the Mazoa Hill prospect.
They also have three 100% owned exploration projects in Guyana. The Marudi Mountain project is a 350,000 oz Au historical resource, currently being expanded through exploration drilling. They also have a NI 43-101 compliant resource estimate in the works for late 2022.
The Red Lake mining district is located in eastern Ontario and has produced 30Moz of gold. They also have a NI 43-101 resource estimate in the works for a 400,000 oz Au resource. Their Maroa Hill prospect is an attractive option for further exploration, as they have a NI 43-101 compliant mineral resource estimate in the works for a 100,000 oz Au resource. The Golden Triangle mining district in British Columbia is another option, and they have a NI 43-101 resource report in the works for a 200,000 oz Au resource.
They also have three 100% owned exploration properties in Guyana, and they plan to drill at all three properties. They have made a few of the most important gold-related claims in the industry, but they do not have any commercially viable gold mines yet.
Rupert Resources
Located in northern Finland, Rupert Resources is making a splash in the multi-million dollar gold game. The company is pursuing the multi-million-ounce Ikkari gold discovery, which is located in the greenstone belt of the main Lapland. The company is also in the midst of a regional drilling campaign, which has produced promising results in several drill holes. In the coming months, the company plans to release a preliminary economic evaluation.
The company has announced a two-year plan to drill 72,800 meters during the 2022-2023 exploration season. 40% of the drilling will be directed at project drilling and infill drilling. The company is also in the midst of completing the first economic evaluation for its Ikkari gold discovery. It is not unusual for mining companies to spend millions of dollars on research and development, but the company has managed to keep its operating costs in check, despite the high cost of mining in northern Finland. As a result, the company's cash reserves are not at risk. The company is also well-positioned to capitalize on any future gold rushes.
Hummingbird Resources
During the third quarter of 2022, Hummingbird Resources of Kitco Gold reported that the company's gold production fell short of the company's expectations. However, the company remains on track for its Kouroussa gold project in Guinea. This project is scheduled to reach the first gold pour by the second quarter of 2023. The project has an initial reserve of 408,900 ounces of gold at 4.38 g/t.
Hummingbird Resources of Kitco Gold is a multi-asset company that explores, mines, and develops gold ores in the United Kingdom, Mali, and Liberia. The company has interests in the Yanfolila gold mine in Mali and the Dugbe gold project in Liberia. The company's primary exploration focus is on gold ores. The company is a member of the World Gold Council. The company is awaiting a mining license in Guinea.
In Q3 2022, the company reported a gold production of 16,855 ounces. This was down from 20,013 ounces in the second quarter of 2022. The decline was due to delays in accessing higher-grade ore zones and the continued underperformance of the company's contract miner. The company's all-in-sustaining costs increased in Q3 2022. These costs rose due to continued inflationary pressures and a lower production rate. However, the company's AISC for the year-end of 2022 is still expected to be between US$1,600 and 1,800 per ounce.
The company is forecasting an increase in production during the second half of 2022 compared to the first half of 2022. The company also expects production to be in line with its current mine plan. In addition, the company is currently evaluating immediate risks to its supply chain. The company is also conducting a full assessment of its plant and equipment.
Solaris Resources
Despite its recent stock price surge, Solaris Resources of Kitco Gold (TSX: SLS) is still relatively junior to its peers. It has a substantial resource at its Warintza copper and gold project in Ecuador, and it is actively advancing a portfolio of copper and gold assets in the Americas. Currently, it has an estimated resource of over 1.3 billion ounces of copper at a grade of 0.7% and a gold equivalent of over 32,000 ounces.
The company is pursuing discovery at the Warintza project and at the Paco Orco copper-gold deposit in Peru. It is also advancing exploration activities at its Tamarugo gold project in Chile and its Capricho copper-gold project in Peru. It has also announced an investment protection agreement with the Government of Ecuador, which provides the foundation for certainty. It has also closed a non-brokered private placement of 3.2 million common shares at a price of US$20 per share, which was subscribed by strategic and insider investors. The company also announced a suite of other tax incentives, including an exemption from all import duties and a 5% reduction in income tax.
Its CEO, Daniel Earle, has provided Kitco News with an interview, which discusses mining economics and the company's new Ricardo copper-gold project. The company has also released its own 2021 outlook, which provides a comprehensive look at the precious metals markets in that year. The 2021 forecast also includes an estimation of the rate of inflation. In the short term, supply restraints are slowly returning to pre-pandemic levels, while demand is recovering at a brisk rate.
Metalynx
Among the many resources that Kitco Gold offers, Metalynx is a great app that helps you calculate the weight of any item. It works with a range of materials including round wire, sheet metal, square wire, and tube. You can also enter thickness in millimeters, gauges, and more. The app automatically determines the length and thickness, as well as weight, of any item, and then converts it to user-selectable units. It is compatible with all weight and measurement standards.
This app also lets you customize the in-app tabs to create a personalized home screen experience. The Markets tab lets you see market indices, London Fix quotes live charts, and more. You can also choose between four currencies - the euro, U.S. dollar, Canadian dollar, and pound - to purchase and sell precious metals.
You can also read up on news and industry insights. The Kitco News app delivers breaking news, Kitco news stories, and market insights. It also provides real-time notifications on your favorite markets. It can also deliver Kitco News content in a variety of formats, including videos. It also includes the Kitco Gold Index, which helps you calculate the value of gold based on changes in the US Dollar value.
Kitco Gold offers a variety of ways to buy and sell precious metals. You can sign up for a Kitco Pool account, which allows you to request and purchase any precious metal product that you want. You also have the option to participate in the Kitco Pool, allowing you to own a share of Kitco's holdings. You can also look at the live charts on the app, which will show you the latest precious metals prices.