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Tag Archives: gold

Georgian Mining Completes $6m Investment into GCG

Georgian Mining Corporation announced it had satisfied its obligation of a $6m initial investment to Georgian Copper and Gold (GCG). Georgian Mining said it had held discussions with GCG in Tbilisi, the capital of Georgia, in late August regarding its 860 square kilometre target area along the Tethyan Belt, an established copper-gold …

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The World’s Winemakers to Compete for a Gold “Azarpesha”

What is an azarpesha? In Georgia, that’s how they used to call the elegant wine vessels with long hand, made of silver or gold. These richly decorated objects are now rare antique collectibles. Now, a miniature gold azarpesha is chosen as the top award of Saperavi World Prize, the first …

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Georgian Mining Announced initial Results of Gold Mining

Georgian Mining announced initial mineral resource estimates for copper-gold sulphide and gold oxide deposits at the Kvemo Bolnisi. Georgian Mining said initial drill results showed an optimized in-pit mineable mineral resource estimate of 702,000 tonnes at 0.99% copper and 0.17 grammes per tonne of gold. Georgian Mining said significant opportunities …

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World Gold Prices Fell to its Minimum But not in Georgia

Gold price has  fallen  to its minimum since November 2015.The price of gold on the New York Stock Exchange fell by 6% and amounted to $ 1 252, 4 per ounce, a similar trend is observed with silver prices, which also fell by 9, 6%.  The experts of the Investment …

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Demand for Georgian Gold Grows by 37% on Exports Markets

Demand for Georgian Gold Grows by 37% on Exports Markets

On exports markets the demand for Georgian gold is growing. Over the past year exports of unprocessed or semi-processed gold has increased by 37.2%. According to Geostat, the national statistics service of Georgia, in January-July 2013  unprocessed or semi-processed gold worth 55.3 million USD was exported to foreign markets, up …

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Georgian Wines Win 32 Awards at International Wine Challenge 2016

32 Georgian wines have received awards of International Wine Challenge (IWC), including Gold and Trophy. Gold and Trophy were awarded to the same wine – Shumi’s Ilerco 2012. The results of annual IWC competition were announced recently in London. Congratulations to Shumi for double success! Georgia’s performance in 2016 was much better than …

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What Happens to Gold and Silver Price in Georgia?

What Happens to Gold and Silver Price in Georgia?

After the Central Bank of Europe has adopted a decision to keep the refinancing rate and the President of the EBRD announced the mitigation of monetary policy, demand for dollars has increased in  the market which led to lower prices for precious metals, in particular, gold. The positive US economic …

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Azerbaijan, Swiss Company Agree on Copper Selling

Azerbaijan, Swiss Company Agree on Copper Selling

The Azerbaijani Anglo Asian Mining PLC (AAM) company and the Swiss Industrial Minerals S.A. have signed a contract for selling copper, which is being produced by the AAM’s flotation plant. The company signed a new contract with Industrial Minerals S.A. in March 2016, for the sale of copper concentrate produced …

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Tbilisi Gold Exchange on the Brink of Closure

Tbilisi Gold Exchange on the Brink of Closure

Tbilisi Gold Exchange is on the brink of closure – as the traders say, all of them are registered in the status of individual entrepreneurs and each week on average five people  cease the  business. “Of course, they are replaced by others, but many of those who came prefer to …

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Demand for Georgian Gold increases Worldwide

Demand for Georgian gold increases in export markets. Over  a year export of unprocessed or semi-processed gold increased by 70%. According to Sakstat, unprocessed or semi-processed gold worth $ 40.3 was  exported  in January-August 2015, while  in 2014 –  this figure amounted to  $ 23.64 million. In the reporting period, the …

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Florida Treasure Hunters Find Gold Coins Worth $4.5m

Treasure hunters in the US say they have discovered a haul of Spanish gold coins from the 18th century that are worth $4.5m. The 350 coins have lain on the Atlantic sea bed off the coast of Florida for the past 300 years. The coins are from a fleet of …

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