QUÉBEC CITY, Apr. 11 (Korea Bizwire) — Komet Resources Inc. is delighted to have generated record gold sales of CA$1,354,000 in the first quarter of 2018, with a production cash cost of CA$1,038,000 for 27.5 kilos of gold from the Guiro mine located in Burkina Faso. This occurs after only two quarters of operation since [...]
QUEBEC CITY, Jan. 30 (Korea Bizwire) — Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce a gold discovery 4km from the Guiro mine and the development of a new unmined shoot at the mine. New Gold Zone Komet geologists’ verification of three 40m deep gold diggers’ shafts, located about 4km northeast of [...]
VANCOUVER, British Columbia, Nov. 14 (Korea Bizwire) — Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (TSX:SBB) reports the financial results for the quarter ended September 30, 2017. “With the positive recommendation received from the Nunavut Impact Review Board (“NIRB”) in July, the third quarter of 2017 saw a milestone de-risking event for the [...]
SEOUL, Sept. 4 (Korea Bizwire) — According to the Korea Gold Exchange, 194 silver bars weighing one kilogram each were sold in the morning hours after the sixth nuclear test conducted by the North on Sunday. The exchange also added that it typically sells around 20 silver bars every day. The price for a silver [...]
SEOUL, Apr. 17 (Korea Bizwire) — A rise in geopolitical risks surrounding North Korea’s nuclear and ballistic missile provocations is causing a surge in gold prices and fueling trade in the precious metal, the local exchange said Sunday. According to the Korea Exchange (KRX), a gram of gold was trading at 46,840 won (US$41), up [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korea logged a net outflow of gold not held as foreign reserve assets for the first time in four years in 2016, central bank data showed Monday. The balance of trade in non-monetary gold was valued at a surplus of US$265 million last year, according to data by [...]
INCHEON, Dec. 29 (Korea Bizwire) – The Korea Customs Service announced Thursday that gold smuggling has risen rather dramatically since 2011, with 99 cases last year worth 9.1 billion won ($7.5 million) in total value. According to the KCS, inbound gold smuggling cases dropped following the 2008 financial crisis, from ten cases (33.2 billion won) [...]
DAEJEON, Aug. 24 (Korea Bizwire) – The Korea Institute of Geoscience and Mineral Resources (KIGAM) announced Tuesday that it had discovered a deposit of 211,283 tons of gold ore in Jindo and Haenam, South Jeolla Province, using newly-developed technology. According to the institute, the ore should account for 627.5 kilograms of pure gold, which at [...]
SEOUL, June 27 (Korea Bizwire) – Local investors are increasingly beginning to lean toward the U.S. dollar and other safer assets, such as short-term deposits, market data showed Monday, following Britain’s unprecedented vote to quit the European Union (EU) that has apparently left long-term commitments riskier, as well as unattractive, amid record low interest rates. [...]