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How Gold Miners Aim to Get Their Groove Back


Some experts see the stars aligning for gold miners.
“In a recent interview with Kitco News, Douglas Groh, co-portfolio manager of the Sprott Gold Equity Fund, said that after all the excitement in 2020, miners saw record margins and unprecedented cash flow. Groh added that he is not expecting to see any significant fireworks for the first quarter of 2021,” reports Neil Christensen for Kitco News.
SGDM remains catalyst-rich, owing to rising inflation and miners’ dwindling costs, among other relevant factors likely to linger through the end of this year, if not beyond.
“2020 proved to be a wild ride for miners that had to navigate mine closures due to the COVID-19 pandemic and then ramp up production to capture all-time high gold prices. Groh said that many companies would take the first quarter to get back into their production rhythm,” according to Kitco. ....

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Legendary Mackay aviation figure Mike Jones passes away


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Mike Jones is remembered as a good bloke with a dry sense of humour who helped thousands gain their pilot’s wings.
The aviation powerhouse died on Monday morning, aged in his 80s, following complications from a fall.
Mackay Mayor Greg Williamson said he was really sad to learn of his passing.
“I counted Mike Jones as a significant person in the course of my life,” Cr Williamson said.
“All of the endorsements I gathered were all done by Mike Jones.”
Cr Williamson said Mr Jones “contributed one heck of a lot” to the Mackay community including flying goods and services to a “huge number” of cattle stations in the hinterlands in the early days of his career. ....

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