Gold producer in Mexico and investing in gold benefits: Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold.
Starcore International Mining and El Creston Property development news: The Red Hill Deep Zone refers to a 750 metre long x up to 400 metre wide and open zone of molybdenum and copper mineralization hosted within Laramide intrusive breccia and quartz monzonite porphyry located at depth below the eastern half of the Red Hill Zone. The top of the zone is in part above the bottom of the proposed open pit. Eight drill holes have tested the zone. Results include a 241.35 metre section averaging 0.088% Mo commencing at a downhole depth of 253.15 metres. Discover more info at Gold mining company.
The Toiyabe Project is located approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south from one of Barrick Gold’s 5 core mines, Cortez Hills, which hosts over 9.9 million oz1. Other recent nearby discoveries include the ET Blue project 6 miles east and Red Hill about 10 miles east. Each of the discoveries is currently under development by Barrick, and is similar in genesis and host rocks to Toiyabe.
We have assembled a strategic blend of experienced professionals and seasoned veterans in fields such as: Corporate Finance, International Law, Engineering and Geology. Collectively, Starcore’s management brings over 100 years of experience to the business of mineral exploration and development. We advocate making business decisions based on constructive dialogue between management and directors and we view dialogue as the key to building long-term sustainable growth for our investors. In addition Starcore’s management is keen on: Developing constructive relationships with both private and public groups to accelerate meeting core business objectives; Focusing on the fundamental aspects of the company to build a strong platform for growth. Read more info at starcore.com.