As the Market Struggles International Experts See Strong Positive Outlook for Gold in Short Term - Seite 3

Other recent developments in the mining markets include:

Kinross Gold Corporation (NYSE: KGC) (TSX: K) recently inked a definitive agreement with the government of Mauritania to provide enhanced certainty on Tasiast economics.

The agreement includes key terms such as continuation of tax exemptions on fuel duties, repayment of roughly $40 million to Kinross by the government in outstanding VAT refunds and payment of $10 million to the government by the company to resolve disputed matters.  It also introduces an updated escalating royalty structure linked to the gold price that aligns with current Mauritanian mining legislation and is comparable to other royalties in the region. The agreement also states the nomination of two observers by the government to the board of the Kinross subsidiary operating the Tasiast mine.

Victoria Gold Corp. (OTCPK: VITFF) (TSX: VGCX) produced 32,140 ounces of gold during the period April 1 to June 30, 2021; the second quarter of 2021. Year-to-date gold production is 58,899, an increase of 51% over the same period in 2020.

"Q2 was another good quarter at Eagle and with increased ore stacked, we expect to see continued growth in quarter over quarter gold production," stated John McConnell, President &CEO. "The plant modifications we made in Q4 2020 and Q1 2021 are really starting to pay off."  Gold production in Q2 2021 was 32,140 ounces, a 12% increase from the same period of 2020. Ore and waste tonnes mined as well as strip ratio in Q2 2021 were similar to the same period of 2020. Tonnes stacked were 8% higher in the second quarter of 2021 versus the second quarter of 2020 and year-to-date were 10% higher compared to the same period last year.

YAMANA GOLD INC. (NYSE: AUY) (TSX: YRI) will release its second quarter 2021 operational and financial results after the market close July 29, 2021, followed by a conference call and webcast on July 30, 2021, at 9:00 am ET.

Concurrently with the operational and financial second quarter results, the Company will also provide a detailed update on the Phase 2 expansion of the Jacobina mine as well as an update on the construction of the Odyssey underground project at Canadian Malartic along with certain other progress updates on development projects and exploration. Furthermore, the Company expects to announce the results of the feasibility update on the Company's wholly-owned Wasamac project in Quebec in advance of its second quarter results, and plans a separate detailed presentation conference call and webcast relating to the project development soon after the announcement.