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you're watching Chairman's briefing and
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I'm Rachel Lee remember when gold
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struggled to break 2,000 well that story
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feels like ancient history now the
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precious metal faced resistance at that
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level four separate times over five
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years yet in early 2024 gold not only
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shattered that ceiling it soared right
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through it mainstream Financial media
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spent years dismissing Gold's role as a
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store of value they questioned its
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Effectiveness against inflation they
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doubted its hedge against currency
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debasement today those same Skeptics are
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watching as gold marches toward 3,000
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validating what gold Advocates have long
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maintained the numbers are telling the
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story here the metal spectacular run has
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forced even the stest critics to
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acknowledge what many gold investors all
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along sometimes the traditional store of
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value proves its worth in dramatic
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fashion it would be naive to expect the
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metal to slice through 3,000 without
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some extreme chop and volatility let's
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take this week's inflation numbers for
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example the January Consumer Price Index
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hit 3% marking its highest level since
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June 2024 core inflation also ticked
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higher to
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3.3% these numbers exceeded analyst
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expectations triggering volatil ility in
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Precious
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Metals markets are now rapidly adjusting
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their Outlook and the odds of Federal
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Reserve rate Cuts in March and may have
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dropped
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significantly strong employment data
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combined with persistent inflation
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create a challenging environment for
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monetary policy easing now this
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uncertainty is testing Gold's recent
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momentum while the metal trades near
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record levels analysts are warning of
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increased volatility ahead the path
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toward 3,000 is going to face turbulence
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as markets digest shifting rate
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expectations a dramatic shift is rocking
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the gold market as London vaults face
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record outflows Traders Rush physical
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gold to New York ahead of potential
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tariffs creating an unusual price
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premium in US markets nearly 400 tons of
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bullon have moved across the Atlantic in
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this unpre unprecedented shift China is
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also adding fresh momentum to Gold
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search Beijing now allows insur earns
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companies to invest in Precious Metals
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For the First Time Ever this policy
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change could unleash billions in Gold
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investment the move follows China's
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Central Bank uh resuming its own gold
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purchases after a six-month pause the
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fisical gold shortage is intensifying on
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a daily basis Strong Bank buying
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combined with surging investor demand is
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squeezing available supplies Market
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Watchers are suggesting that this marks
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a fundamental shift in Gold Supply
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demand Dynamics moving beyond
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traditional price drivers baric and the
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military run malan government have
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suspended negotiations in their long and
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drawn out dispute over an unpaid tax
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bill Molly wants bar to cough up
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197 million dollar to settle their
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issues the military ginta is also
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insisting on total compliance with their
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new mining code one that increases their
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share of mining royalties at this point
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it's unclear how long this susp will
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last the impact is Rippling through uh
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the Molly economy gold production has
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plunged 23% this year the nation's new
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mining code which demands higher taxes
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and increased State ownership threatens
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future investment mining executives are
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warning that these changes uh make new
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projects economically unfeasible another
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news barck reports its strongest
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financial performance in over 10 years
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the mining Giants net earnings jumped
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69% to 2.14 billion in
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2024 operating cash flow climbed to
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$4.49 billion while free cash flow more
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than doubled to 1.32 billion the
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company's growth story extends Beyond
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earnings since 2019 bar has replaced
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180% of its mined gold reserves adding
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nearly 46 million ounces to its
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inventory AOS minerals has made a
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significant Discovery at its almus
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project in Kazakhstan the latest
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drilling intercepted a broad zone of
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copper and gold just 14 M below surface
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extending for an impressive 547 M down
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this type of extensive mineralization
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often signals a major copper system the
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discovery gains importance due to its
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location in a proven copper belt just 61
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km away the B shakol mine produces over
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100,000 tons of copper annually at some
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of the industry's lowest costs this
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proximity suggests that ARS might have
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found a similar style of deposit using
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the same geological uh blueprint that
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led to Bak Call's
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success Market enthusiasm is reflecting
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the potential here with copper demand uh
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Rising globally new discoveries near
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established mining infrastructure has
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become increasingly valuable the company
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plans additional drilling to expand this
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discovery which remains open in mult po
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directions with all of the required
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permits and uh necessary funds in hand
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Rio 2 can finally move their Phoenix
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Gold project forward with construction
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the project presents compelling
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economics using a conservative gold
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price of
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$1,650 per ounce Phoenix promises strong
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Returns the mine holds nearly 5 million
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ounces of gold in measured and indicated
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resources and initial construction costs
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total 122 million with an expected
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payback period under three years the
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company is targeting completion of
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construction by November and this
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timeline positions Rio 2 to join the
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ranks of gold producers early next year
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a high stakes presidential runoff in
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Ecuador has placed the nation's mining
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sector under intense Spotlight socialist
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candidate Louisa Gonzalez has captured
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nearly 44% of votes in Sunday's election
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trailing incumbent president Daniel NOOA
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by less than half half a percentage
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Point as they head towards an April 13th
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Showdown Gonzalez brings a bold vision
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for Ecuador's resource sector her
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platform Echoes recent shifts across
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Latin America toward greater State
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Control she plans to increase mining
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royalties while strengthening government
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oversight of Natural Resources now these
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proposals have sent ripples through
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financial markets driving equators bonds
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to their steepest decline in two years
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the emerging mining sector stands at a
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Crossroads noa's Administration has
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championed market-friendly policies to
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attract foreign investment yet
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gonzales's citizen Revolution party
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wields significant legislative power to
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enact reforms their growing influence uh
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suggests that Ecuador might join
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neighboring nations in reasserting uh
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State control over its mineral wealth
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British Colombia's gold sector is closer
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to welcoming its newest producer as Blue
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Lagoon resources secures crucial permits
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for Dome Mountain the historic mine site
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has been dormant for three decades and
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is now targeting production by July with
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planned annual output of 15,000 ounces
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of
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Golds current resources show 218,000
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ounces of gold the property spans 210
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square kilm with 15 highgrade veins
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identified 90% remains
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unexplored blue Lagoon's achievement is
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gaining extra significance as one of
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only a handful of mining permits uh
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granted in British Columbia this decade
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Endeavor silver expects its terano
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project in Mexico to be ready for full
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commissioning early in the second
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quarter of this year terrano's
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feasibility study projects annual output
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of 4 million ounces of silver the
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operation adds 38,000 ounces of gold
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across ITS 10year m life as well and
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that's all for this briefing leave us a
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comment we read every single one
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and if you enjoy this sort of content
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share it with your network I'm Rachel
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Lee we'll see you next week
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