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Since 2017, Engineers and Planning has been the only contractor mining for GoldFields at Tarkwa. E&P performs all of the work required to obtain gold for a foreign company, which is then exported. Why can't E&P, a locally owned Ghanaian company, be given the job so that everything stays...

42,856 次观看 • 10 个月前 •via X (Twitter)

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BREAKING NEWS: The Government of Ghana through the Ghana Gold Board, working under the joint-direction of the Minister of Finance and Minister for Lands and Natural Resources, has reached a landmark agreement with the Ghana Chamber of Mines to buy 30% of the gold output of all large-scale mining companies in Ghana, effective 1st July, 2026. Under the new agreement and unlike the previous 2022 arrangement between the Bank of Ghana and the Ghana Chamber of Mines, each large-scale mining company will sell 30% of their gold output to the GoldBod locally in Ghana, in doré (raw) form and at a discount of 0.55%. All gold purchases under the new agreement will be in Ghana cedis and at to the Bank of Ghana Reference Rate. The new arrangement has been strategically curated by Government to ensure that Ghana achieves LBMA accreditation for at least one local gold refinery by the year 2030. All doré gold bought by the GoldBod will be refined locally to ensure local value retention, shipped to an LBMA refinery for melting and stamping and delivered to the Bank of Ghana as part of the country’s gold reserves. This arrangement is in line with the Ghana Accelerated National Reserve Accumulation Program (GANRAP) aimed at building foreign reserves of 15-months of import cover by the end of the year 2028 and President Mahama’s vision of achieving zero raw mineral exports by the year 2030. Other details of the Memorandum of Understanding signed between the Ministry of Finance, Ministry of Lands and Natural Resources, Ghana Gold Board, the Bank of Ghana and the Ghana Chamber of mines will be published on Monday, 29th July, 2026

Ghana GOLDBOD

21,908 次观看 • 21 天前

Silver is still strong. But will it stay at these levels long term? Will silver go higher? If owning silver bars is not your thing, the other way to play this is by owning silver mining stock. But the issue is that 75% of silver comes as a biproduct of copper, lead or zinc mining. Only 1% to 2% of their revenue comes from silver. So those types of mining companies don't care about the price of silver. There are very few mining companies that are primary silver producers, which is more than 50% of revenue from silver. The next thing to consider is, which companies can still expand their production? Which ones have really high grade ore? I only own two silver mining stocks. One of them is Aya Gold & Silver. US ticker is AYASF and the Canada ticker is AYA . to. I have owned it for several years. They are producing silver at their mine Zgounder in Morocco. They have a second project, called Boumadine, that will open in the future. They were already making great profits at Zgounder when silver was only $30 per oz. Their profits at $75 per oz are insane. The markets are not valuing the silver mining stocks at $75 per oz yet. Aya can mine silver at $19 per ounce and be breakeven. Their margin at $75 silver is currently $56 per ounce. That means Aya has an estimated annual operating cash flow of $336 million (at $75 silver). That is only for their Zgounder mine which is already operating. Their Boumadine mine is going to be 5x larger. If you believe in silver long term and don't want to own the physical metal, my top silver mine stock in my portfolio is Aya Gold & Silver. Canada company with it's HQ in Montreal. US Ticker: AYASF Canada Ticker: AYA. TO

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92,758 次观看 • 6 个月前