World’s Largest Refiners in Switzerland Are Reporting Having to Pay Very Big Premiums for Gold and Silver

Due to shortages, Swiss refiners have to pay premiums to buy gold. Swiss refiners in recent weeks have, at times, had to pay premiums to buy gold due to shortages. So no one should believe the paper price has anything to do with the real gold and silver markets. “Gold is nearing a key inflection point when the truth will hit this market.” This was actually first published on December 18, 2016. The exact low …

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Metals Reserves Drying Up

Gold and silver supplies drying up in London’s LBMA In what promises to be a wild 2017 we are already seeing physical gold and silver supplies drying up in London’s LBMA as the price of silver surges.  James Turk: There has been a lot of gold and silver moving to China recently, prior to the Chinese New Year, and that’s starting to show up in terms of the lack of liquidity over here in London. …

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Compareable Porphyry Examples

GEOLOGIC SETTING The mining district lies in the Laramide Arizona-Sonora-New Mexico porphyry copper belt. It is the oldest porphyry copper deposit in the state; although the Piños Altos pluton is ca. 74.4 Ma (McDowell, 1971) and a Georgetown monzonite dike has been dated as ca. 71 Ma (McLemore, 1998), both of which have associated Cu-Au-Ag skarn or Ag carbonate-hosted replacement deposits. The Twin Peaks monzonite porphyry in the Burro Mountains is 72.5 Ma (Hedlund, 1980) …

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Santa Fe Gold Announces Commencement of Mining Operations at its Steeple Rock District Jim Crow Gold and Silver Mine

200 gram gold bars

Santa Fe Gold Corporation (OTC:SFEG), a U.S. based mining company and owner of 148 mining claims covering 42 mine sites and potential mines, is pleased to announce the commencement of ore production from its Jim Crow mine located in the historic Steeple Rock mining district of southwest New Mexico.

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Santa Fe Gold Completes Acquisition of the Black Hawk Alhambra Silver Mines Comprising Alhambra, Black Hawk, Silver King, Good Hope, and Bullard’s Peak Mines

Santa Fe Gold Corporation (OTC:SFEG), a U.S. based mining company and owner of multiple mining claims, is pleased to announce that it has completed the acquisition of all of the capital stock of Bullard’s Peak Corporation (which owns thirteen (13) patented claims and Eighty two (82) unpatented claims in the Black Hawk district of New Mexico) from Black Hawk Consolidated Mines Company for a purchase price of $3,115,365.

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Santa Fe Gold Progressing Towards Production at its Jim Crow Mine

gold bars and coins

Santa Fe Gold Corporation (OTC:SFEG), a U.S. based mining company and owner of multiple mining claims, is pleased to announce continuing progress towards production from the Jim Crow Mine located in the well-known Steeple Rock district of southwest New Mexico. Six cars containing approximately 20 tons of ore, previously mined from the 200 level, is currently stockpiled at the surface and indicates values of .26 oz per ton of Gold and 1 oz per ton of Silver remaining in the mine.

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