SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: tntpal who wrote (39337)7/12/2022 10:48:07 AM
From: IC7205 Recommendations

Recommended By
fred woodall
Hugh Bett
isopatch
roguedolphin
Winfastorlose

  Read Replies (1) | Respond to of 50502
 
Uganda also seems likely to effect golds recent drop.

Regarding discovery,

"While the Uganda discovery has had a near-term impact, I do not see this as a long-term influence. The geopolitical events are more likely to overwhelm that issue and bringing gold to market will be much more difficult than casually suggested."

.......

Uganda's Discovery Of '31 Million Tonnes Of Gold Ore' And What It Could Mean For World Gold Market
by Amit Mishra - Jul 5, 2022 09:57 PM +05:30 IST

The African country of Uganda is in the limelight again, and this time it is literally shining gold. The country has recently announced the discovery of a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes.

Over the last two years, aerial exploration was done across the country, followed by geophysical and geochemical surveys and analyses, Solomon Muyita, spokesperson for the Ministry of Energy and Mineral Development, told Reuters. The government has expressed its intention to attract big investors to develop the Sector hitherto dominated by small wildcat miners.

swarajyamag.com



To: tntpal who wrote (39337)7/12/2022 4:45:32 PM
From: isopatch  Respond to of 50502
 
Roger that.