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Hochschild shares rebound after Peru reverses on mine closures
By Neil Hume and Mitra Tay
Financial Times, London
Wednesday, November 24, 2021
Shares in Hochschild Mining rose on Wednesday after Peru's government said it would not unilaterally close mines and would consider extending operating licences if legal requirements were met.
The London-listed company lost 25% of its market value on Monday after the Prime Minister Mirtha Vásquez said four mines in Peru's southern Ayacucho region -- including the company's flagship Inmaculada mine -- would be closed as soon as possible.
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Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine
From Golden Opportunities / Gold Newsletter
Metairie, Louisiana
Tuesday, August 17, 2021
Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.
With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.
It’s a deal that came like a bolt from the blue.
Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...
... For the remainder of the report:
https://goldnewsletter.com/go081721/
However, Lima backtracked on that position today following discussions with the National Society of Mining, Petroleum, and Energy.
"We rule out the closure and request for the unilateral end of the operations of the mining units, which fulfil legal requirements and conditions established in national and sectoral legislation, and which have corresponding permits in effect," the government said in a statement. ...
... For the remainder of the report:
https://www.ft.com/content/ec08376e-7425-4e96-9b7e-ef0a4388e4cb
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with great GATA-label wine
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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