Gold investing US with BondResources? Equities are more volatile, and more susceptible to economic swings than physical commodities, such as precious metals. Unfortunately, if the company does not do well, the stockholder cannot expect to profit from their investment. There is no guaranteed return with stocks, and investors need to realize that buying a stock does not mean they will see a return on their investment. Also, if a company does go bankrupt, stockholders are usually the last to get their money back, since the company’s funds are used to pay off debt.
Extraction from surface is permitted and test mining is planned to begin immediately. Material will be stockpiled and then processed once a mill is purchased. Toll mining is another potential near-term option. This should generate significant cash flow which is intended to finance the development and exploration of the existing workings.The plan is to extract gold mineralization at a rate of 150 tpdby the end of 2020.
The Elk City area sits in a metamorphic complex that is adjacent to the Idaho Batholith. Aplite dikes and other types of magmatic intrusive rocks thought to be emplaced at the time of the batholith are commonly associated with the gold bearing veins.The Elk City district trend is roughly 8 miles long and trends in a northwest-southeast direction. While the company believes the historical sampling data shown in the map is reliable, readers are cautioned that a qualified person has not completed sufficient work to be able to verify the historical information and therefore the information should not be relied upon.
The Mary K mine was first staked on Jan 11908 by Maxwell and Williams.They sunk two shafts and dug cuts along the vein for 3,000 feet.Richard Kleesattel, a mining engineer, picked the mine up in 1915 and began expanding the underground workings.Between 1929 and 1942 Mr. Kleesatteldeveloped at least 2,400 feet of underground workings.The longest is the #4 Level, or Main Access, which is over 2,000 ft long,1,100 ft of it were in high-grade gold mineralization. Discover extra info on gold company US.
Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
His operational experience is extensive, having formerly served as President and Chief Operating Officer of Cliffs Natural Resources Inc., President and Chief Operating Officer of Diavik Diamond Mines, Inc. and General Manager of Weipa Bauxite Operation of Comalco Aluminum. See additional information on this website.