Indian gold imports said to almost triple on wedding demand
By Shruti Srivastava and Swansy Afonso
Wednesday, March 8, 2017
Gold imports by India, which competes with China for the role of world's biggest consumer, are said to have risen almost three-fold in February from a year earlier as jewelers increased stockpiles before the festival and wedding period that starts next month.
Shipments jumped 175 percent to 96.4 metric tons in February from a year earlier, according to a person familiar with provisional data from the finance ministry, who asked not to be identified as the data aren't public. Overseas purchases slid 32 percent to 595.5 tons in the 11 months to February. ...
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K92 Mining is producing much more gold than planned
Wednesday, March 1, 2017
K92 Mining Inc. is pleased to report that mining production has shown a steady ramp up over the last three months with ore tonnes mined being over 50 percent above budget in January while contained gold ounces were almost 20 percent above budget.
The company mined more than 8,000 ore tonnes by February 24 and is on target to achieve 10,000 tonnes by month end, which is 40 percent above February budget. The increased ore production is in part due to significant lower-grade ore being identified outside the planned ore envelope, which was identified by our ongoing grade-control program, highlighting the importance and success of this program. ...
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