Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Vancouver-based Bayhorse Silver has begun commissioning the mill at the silver mine of the same name. The mill has nameplate capacity of 180 t/d.
The mill treats pre-concentrated ore. An x-ray transmissive ore sorter is used to reduce the volume of run of mine ore by 70%. The ore then passes through a crushing circuit, a regrind circuit, a gravity circuit, and a flotation circuit.
The mill will initially produce a silver-copper concentrate. Modifications in the future will allow it to make a lower value zinc-antimony-lead concentrate.
Bayhorse has also closed the first tranche of a non-flow-through share placement. So far the company has placed approximately 1.6 million units at a price of C$0.125 each for C$194,375. Each unit consists of one common share and one transferable share purchase warrant exercisable at C$0.25 per warrant.
(This article first appeared in the Canadian Mining Journal)
