Gold producer in Mexico and gold investment advantages: Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold.
Starcore International Mining and El Creston Property development news: In February 2015, Starcore International Mining, through its acquisition of Creston Moly Corp, acquired a 100% interest in the El Creston Property. The El Creston Property hosts a 5.5 km long x up to 1.5km wide trend of hydrothermal alteration in which several zones of molybdenum +/- copper +/- silver mineralization occur. At the El Creston Main/Red Hill Zone a significant resource of molybdenum and copper has been outlined. In addition, there are five other zones, Alejandra, A-37, Red Hill West, Red Hill Deep and the West Copper with potential to host significant resources of molybdenum and/or copper. Read additional info at Gold producer.
Restricted areas of close-spaced drilling of the near surface (less than 400 ft) have been conducted on the property starting in 1979 and extending to the present. Available records suggest that approximately 243 holes have been completed on the subject property, of which 159 have detailed records and assays available. This drilling indicates potential for additional gold mineralization at relatively shallow depths.
The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization. See more info at starcore.com.