Page 7 - Bullion World Volume 04 issue 12 December 2024

Bullion World | Volume 4 | Issue 12 | December 2024

EDITORIAL These results reflect the diverse challenges producers
face in controlling costs and optimizing.

In this edition of Bullion World, we spotlight two
remarkable companies—Hindustan Zinc Limited
Dear Readers, and Modison Limited—as part of our Silver Icons of
India series, celebrating their enduring legacies and
India's gold market saw significant fluctuations in contributions to the silver industry.This issue also
November. After a premium of USD 21.6 per ounce features an insightful recap by Mr Ramakrishnan
in the first week, the market shifted to a discount Padmanabhan on the significant milestones achieved
by mid-November, deepening to USD 24.9 before by IFSCA in 2024. Additionally, we highlight Choksi
narrowing to USD 2.56. With the wedding season Heraeus’ remarkable achievement of securing
underway, demand has started to improve, and the prestigious LBMA Good Delivery status. The
dealers are now charging a premium of up to USD International Conference on the Great Lakes Region
3 per ounce over official domestic prices. This shift (ICGLR) hosted a Regional Forum from November
indicates growing market optimism as consumer 6–8, 2024, addressing key regional developments.
demand picks up during this peak period. Meanwhile, Mr Jake Coulson from HANetf presents
an innovative perspective on gold investing, offering
Gold production results for globally listed gold mining a fresh approach for modern investors. As we
company for Q3 2024 presented a mixed landscape approach the fiscal year’s end, the AGRM shares
for major mining companies. Newmont Corporation its comprehensive pre-budget proposal, offering
emerged as a leader with a 29.5% increase, fueled by crucial insights into the industry's priorities. Finally,
its acquisition of Newcrest. Conversely, Barrick Gold we provide a detailed technical outlook for precious
saw a 9.2% decline due to operational challenges metals, shedding light on market trends and future
at its Nevada mines. Iamgold posted an impressive opportunities.
58.7% rise, while B2Gold faced a 25.7% drop due
to disruptions at its Mali operations. AISC trends "Trump has got re-elected as President of the USA
showed a rise in costs for several producers, driven for 2025-2029. What does it mean to the economic
by inflation and labour strikes. Newmont and Barrick trajectory of the USA? and of the rest of the world?
saw substantial AISC increases, while Torex Gold and Will he succeed in resolving the conflicts soon? All
Alamos Gold reported impressive reductions due to these would have an impact on gold markets and
improved operational efficiencies. gold prices. What is your view? We would be happy
to know. Please write to us.
Equinox Gold recorded the highest AISC at $1,994
per ounce, while Lundin Gold achieved the lowest
at $877 per ounce. The average AISC across the
companies stood at around $1,434, illustrating Best wishes,
varying cost structures and operational efficiencies G Srivatsava
within the industry. Editor

We would be happy to receive your comments and feedback on the content of this edition,
please write to editor@bullionworld.in

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