Sunday, February 18, 2018

Capetown, South Africa - Water more valuable than gold

Samuel Taylor Coleridge, in another era wrote in “The Rime of the Ancient Mariner” that there was “water, water everywhere, nor any drop to drink.” This isn't exactly true in 2018, but for Capetown, South Africa the future appears bleak ... the city is projected to run out of water completely by May. Capetown will become the first major city on earth to run out of water.
The major African metropolis, roughly the size of San Diego, has had virtually no rain in the last 37 months.
When the reservoirs drop to 13.5 percent of capacity, only essential locations such as hospitals, will continue to remain online with the city water system. At roughly 10 percent of capacity the system reportedly is down to the mud level. Any more pumping after that would simply clog the lines and put the system out of order.




Friday, February 16, 2018

Yamana Gold Inc. - YRI.t

Yamana Gold Inc. - YRI.t operates significant gold production, development, and exploration properties in Brazil, Argentina, Chile, Mexico and Colombia.

The Company's 2017 gold production was 977,000 ounces. Silver production was 5 million ounces and copper production 127 million pounds.

On February 15, 2018 the company released News

Yamana Gold Announces Fourth Quarter and Full Year 2017 Results

YAMANA GOLD INC. reports its financial and operational results for the fourth quarter and full year 2017, and its Mineral Reserve and Mineral Resource estimates as at December 31, 2017.

Wednesday, February 14, 2018

Kinross Gold Corporation - K.t

Kinross Gold Corporation - K.t is a global gold producer from ten mines located in South America, North America, West Africa and Russia.

2017 production was 2,673,533 Au eq. oz at AISC of $954.
On February 14, 2018 the company released News

Kinross provides update on development projects and full-year 2017 exploration results

Kinross Gold Corporation (TSX:K) (NYSE:KGC) provided today updates to its organic development projects, exploration program and its estimated mineral reserves and resources.



Tuesday, February 13, 2018

Tahoe Resources Inc. - THO.t

Tahoe Resources Inc. - THO.t operates the Escobal project, a high-grade silver discovery located about 70 km southeast of Guatemala City, the La Arena and Shahuindo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada.
On February 12, 2018 the company released News

Tahoe Resources Inc. reports a commissioning incident at its Shahuindo mine in Peru. At 1:30am on Saturday, February 10th, a leak was identified in the barren solution pipeline in the overland conveyer containment channel that connects to the agglomeration areas storage tank. The pipeline had been commissioned and pressure tested, but was not yet in operation. Upon identification of the leak, the Company immediately shut down all commissioning of the crushing and agglomeration circuit, focused on containment, and reported the incident to the Agency for Environmental Assessment and Control (OEFA) within the required 24-hour period. All commissioning of the crushing and agglomeration circuit has been temporarily suspended until a thorough investigation is completed, the issue is resolved and the pipeline is fully repaired. At this time, the Company does not anticipate a significant impact to production.
Peru's official environmental control body, the OEFA, two weeks ago reported that a serious pollution incident occurred at the Tahoe Resources (TAHO) ( Shahuindo mine in Peru. According to the report, a sedimentation pool became inundated with water due to a failure of the water diversion canal during the current rainy period. The material from the pool (a highly toxic mix) reached and has contaminated the local Condebamba River.