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Guyana Goldfields announces 36,600 ounces of gold for 2019 first quarter

first_img…represents 4% production dropGuyana Goldfields has produced 36,600 ounces for the first quarter of 2019, an amount the company is confident will lead to the production of as much as 160,000 ounces for the year.The company made this announcement in its recently released 2019 first quarter summary report. According to Goldfields, this keeps it on track to produce between 145,000 ounces and 160,000 ounces of gold for the year.The company also sold 38, 200 ounces of gold in the first quarter, earning a gross revenue of US$49.7 million. The amount produced is, however, a drop compared to last year’s first quarter production.It is understood that the company produced 38, 500 ounces of gold in the same period last year, making this year’s first quarter haul a 4.9 per cent decrease.“Gold recovery averaged 90.5 per cent for the quarter, compared with 91.7 per cent a year earlier. The company completed the mill expansion which is anticipated to enhance capacity and redundancy of the primary crushing circuit and expected to further lower per unit costs,” the company also informed.Meanwhile, Goldfield said that work will soon be resuming on its underground mining decline. The decline, the company said, will be extended some 200 metres.According to the company, this work will be done at its Mad Kiss pit, as part of the early works phase before it begins exploration.Works are expected to last approximately three months, once the contractor is fully mobilised. These preparatory works, according to the company, are expected to cost US$2 million.An arial view of Guyana Goldfield’s operationsBut in this summary, it also speaks of debt. According to the company, its total debt as of last month was US$35 million.It explained that this debt will be reduced through quarterly payments of US$5 million. In addition, the company is pursuing ways of restructuring its debt.In January, the Guyana Gold Board (GGB) had projected that for 2019, declarations and exportations are to be pegged at 651,000 ounces. This estimation was established in retrospect to the outcome from 2018, which turned out to be an “encouraging year” for the organisation.According to the Gold Board, plans are on stream to manage and enhance existing emission control mechanisms, obtain a permanent operation base and fulfilling the Caribbean Financial Action Task Force and National Risk Assessment Anti-Money Laundering and Countering Financing of Terrorism standards and reduce legacy deficit on the Bank of Guyana and the Finance Ministry.Pending capital projects are also expected to be completed during the next 12 months as well as continued training for staffers of the facility, the entity said.As of December 31, 2018, total declarations from all sources amount to 613,073 oz, which was 6.22 per cent lower than the figures from 2017. Additionally, the foreign exchange value of exports processed on behalf of dealers and the GGB came to US$443,961,666.According to the Board, factors which led to the marginal differences between the two years were as a result of inclement weather, impassable roads, and depressed metal prices in the first three quarters of 2018. In the last quarter, there was some “strength” generated by dealers which increased the projection score.While the Gold Board had blamed inclement weather, impassable roads, and depressed metal prices for the decline, Finance Minister Winston Jordan in August 2018 revealed in the Finance Ministry’s Mid-Year Report 2018, which was laid in Parliament, that the gold sector also suffered a decline of 9.1 per cent for the first half of the year.last_img read more

Change to keep traffic flowing

first_img (661) 257-5251 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It’s all about progress, said Andrew Yi, Santa Clarita’s traffic engineer. “It’s for safety and circulation,” Yi said. “This is a major intersection. This was designed to keep traffic flowing.” Complicating things is the River Village development planned further east on Newhall Ranch. The city’s determining now if it will be feasible for the future residents of those 1,089 homes to turn right onto Newhall Ranch out of the center – the nearest grocery store to the development – then make a U-turn at Bouquet to get home. This at what likely will become one of the busiest intersections in the entire Santa Clarita Valley. “We’re not sure if that’s possible, but we are looking at that,” Yi said. Newhall Ranch Road is a major piece of the city’s Cross Valley Connector, a limited-access highway that when complete will connect Interstate 5 to the Antelope Valley (14) Freeway. A new leg of the connector will open Monday – Newhall Ranch between the I-5 and Rye Canyon Road/Copper Hill Drive. SAUGUS – There is a sign that warns motorists the left turn into a Saugus shopping center is gone, but that doesn’t stop dozens a day from attempting the access, only to end up going nearly a mile out of their way. A new raised center median marks an extension of Newhall Ranch Road east of Bouquet Canyon Road, blocking eastbound left-turners from turning into the Bouquet Center from Newhall Ranch. Access is now limited to two driveways off busy Bouquet into the center, anchored by Vons, CVS and Ross Dress for Less. “That’s really inconvenient. Why did they do that?” asked a perplexed Jillian Wood after traveling well out of her way to make the turn she’s made with ease dozens of times before. “I can’t believe you have to go like a mile out of your way.” last_img read more

Game over? Six players Jose Mourinho could offload at Manchester United

first_img 2. Marouane Fellaini – Fellaini has to go. He doesn’t suit United’s desired style of play and the club’s supporters almost resent him for this. He was arguably one of David Moyes’ biggest errors and Mourinho will look to rectify the situation. The Belgium international may possess certain qualities, particularly being an alternative threat in the final third, but he simply doesn’t offer enough. 1. Juan Mata – take a look at five other players who could leave if Mourinho joins Manchester United by clicking the arrow above – It was Mourinho who sent Mata packing from Chelsea in the winter window of 2013, and the Spaniard will not be pleased at the possibility of his former manager moving to Old Trafford. The Portuguese coach was critical of the midfielder’s work rate, favouring the more industrious Oscar, and his opinion isn’t likely to have changed. Expect him to be one of the first to be sold. Manchester United can expect some notable changes if Jose Mourinho becomes their new manager.While excited may be growing over his arrival, there could be many a player in the Red Devils first team anxious over their future, with the Portuguese coach likely to wield the axe on a few. So, who from United’s senior squad could be forced out?HOW MANCHESTER UNITED COULD LINE UP UNDER JOSE MOURINHOTake a look at six Manchester United players that face being sold by Mourinho, should he replace Van Gaal ahead of the 2016-17 campaign. 6 6 6 6. Jesse Lingard – Another winger who may not meet the expectations of Mourinho. Lingard has been exciting at times this season, and having scored in United’s last two Premier League matches, he could play a crucial role between now and the end of the campaign. As someone who toys with the label of a luxury player, however, he’s unlikely to satisfy Van Gaal’s potential replacement. 3. Memphis Depay – Depay has struggled since arriving for £25m in the summer. He has fallen out of favour under Van Gaal over the past few months, and his confidence looks to have taken a significant hit. While many will know his ability after his prolific time in the Dutch Eredivisie, his lack of defensive awareness will not bode well with Mourinho – he was, for example, heavily criticised for a poor pass leading to Chelsea’s equaliser at the weekend. The winger does have time on his side, but the signs are that he needs much work and his new manager may not be willing to award him such time. 6 4. Phil Jones – The England international is injured so often that deciding his future may be difficult for Mourinho. The simple option, though, could be to sell and sign a superior replacement, with Real Madrid’s Raphael Varane and Everton’s John Stones admired by the Portuguese manager. What’s more, an exit from Old Trafford may suit Jones, if regular first-team action is guaranteed. 5. Adnan Januzaj – It would be disappointing to see the Belgium international leave Manchester, but he may have to do so to salvage his career. This therefore could be an exit that suits the player and his manager – whoever that may be at the time. Even with this in mind, he might not suit Mourinho’s style of play and the fee obtained from his sale could go towards an established, resolute winger. 6 6last_img read more


first_imgCOMMUNITY Alert: Residents of an area in east Donegal are being warned to be vigilant tonight after suspicious activity in the Drumtoland area – midway between St Johnston and Raphoe.It follows reports from residents involved in a community watch of the possibility that homes are being checked for later raids by burglars.Report any suspicious activity to Gardai.  COMMUNITY ALERT: SUSPICIOUS ACTIVITY REPORTED was last modified: July 14th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:community alertdonegallast_img read more

Ind vs Eng: Battered India aim for revival

first_imgTheir reputation in tatters after two humiliating defeats, injury-ravaged India face an arduous task to retain their number one status when they go into the third cricket Test against England here on Wednesday with serious concerns over the form of their famed batsmen.However, the tame management is keeping a close eye on the violence that has spread to all major cities across England including Birmingham, which hosts the third Test match between India and England.Down 0-2 in the four-match series, India would be stripped of their number one ranking in the ICC charts if England beat them in this match. Even otherwise, England just have to draw both or win one of the matches to clinch the top spot.Given England’s resounding wins thus far, India’s revival looks difficult after a spate of injuries — the latest being the ankle and hamstring problem of pace spearhead Zaheer Khan which has ruled him out of the entire series.With limited bowling resources at his disposal, Indian skipper Mahendra Singh Dhoni will look up to his fit-again openers to quell the charge of England’s bowlers and reduce the 2-0 deficit.The Indian team management will have to give a good thought to the composition of the team considering the conditions at Edgbaston.With Harbhajan Singh ruled out, leg spinner Amit Mishra may get the nod while Ishant Sharma, Praveen Kumar and Munaf Patel may have to shoulder the pace bowling responsibilities.Virender Sehwag and Gautam Gambhir, India’s most successful opening pair ever with 3551 runs at 59.18 per innings, once again come together to lead India’s resistance against a rampant England attack on a green Edgbaston pitch over the next five days.advertisementRecent history shows no visiting team ever does well in England without a successful opening pair and so the onus is squarely on the two Delhiites to stem the rot and keep India’s status, however tenuous, intact as world’s best Test side.When India beat England 1-0 in the 2007 series, openers Dinesh Karthik and Wasim Jaffer were pivotal with 322 runs together at 53.67 per innings.In 2008 when England were last beaten at home, it was the South African opening pair of Graeme Smith and Neil McKenzie who were the bedrock of Proteas’ success.England need a 2-0 or 3-1 margin to displace India at the top and the hosts realise the best way to do it is to keep India’s batting under the weather.The six Tests India have played this year, all abroad, only serve to illustrate the point. Only once Sehwag and Gambhir have played together this year and India could cross 300 runs in an innings at Capetown.In the remaining five Tests, without the duo being around, India have only once managed a 300-plus score.Such is the reliance on them that inconvenient questions stand no chance to keep them apart — the fact that both are returning from injuries or that it was young Abhinav Mukund who smashed a century against Northamptonshire while the famous Delhi duo failed last week.If the two succeed, it could lay the platform for a unique achievement which awaits Rahul Dravid.No batsman in the history, other than Sir Donald Bradman, has hit three successive Test centuries twice on a tour of England.Dravid did so once in 2002 and now, with two centuries in the first two Tests, he is on the cusp of a rare honour.The 100th international century by Sachin Tendulkar is another motivation which could serve the Indians well.Tendulkar was laid low by sickness at Lord’s and in the second innings at Trent Bridge, support from the other end could have got him past the line.His big moment would arrive sooner than later but if it does at Edgbaston, Indians would be better off it.However, Indians are up against an England attack which has allowed an opposition team score in excess of 400 only thrice in 32 innings of last 16 Tests.Eleven of these matches have resulted in win for England and only two in losses. Significantly, in these 16 Tests, England’s set of bowlers have all averaged less than 30 with the ball.If India can get past England’s bowling, it is the hosts’ daunting batting which they have to come to terms with.Even without the success of their openers, Andrew Strauss and Alastair Cook, England have made around 500 once in both the previous Tests.In the past 10 Tests, Cook averages 84 while Ian Bell 90.England have managed five double hundreds in the past 14 months, including Kevin Pietersen’s 202 at Lord’s last month.advertisementEngland’s lower order is so good it could easily swap positions with the top order. The bottom four at Trent Bridge have Test averages of 37.85, 29.02, 23.52 and 11.74.It’s not just the runs but the speed with which they get them is equally rattling. Graeme Swann’s strike rate of 81.71 is the highest in English annals of batsmen with over 500 Test runs.The ones of Matt Prior and Stuart Broad are also in the top five.It would appear that Dhoni and his men have finally met their match and the charismatic Indian captain would have to do better than 146 runs from his last 10 Test innings.The fact that if he picks up three catches at Edgbaston he goes past Syed Kirmani’s Indian record of 198 dismissals is unlikely to cheer him up much.The series is also a bad induction for coach Duncan Fletcher in the Indian firmament.The Zimbabwe-born coach is unable to halt the slide of Indians even as his counterpart Andy Flower basks at his success ratio — played 29 Tests, won 18 and lost just four.Indians probably would include Pragyan Ojha as a lone spinner to go with the three medium-pace trio of S Sreesanth, Ishant Sharma and Praveen Kumar.- With inputs from PTISquads:England: Andrew Strauss (capt), Alastair Cook, Jonathan Trott, Kevin Pietersen, Ian Bell, Eoin Morgan, Matt Prior (wk), Stuart Broad, Graeme Swann, James Anderson, Chris Tremlett, Tim Bresnan.India: Mahendra Singh Dhoni (capt & wk), Gautam Gambhir, Abhinav Mukund, Rahul Dravid, Sachin Tendulkar, VVS Laxman, Suresh Raina, Pragyan Ojha, Praveen Kumar, R P Singh, Ishant Sharma, Amit Mishra, Munaf Patel, Wriddhiman Saha, S Sreesanth.Match starts at 3:30 PM ISTlast_img read more

ATP Finals: Novak Djokovic, Rafael Nadal Battle for Year-end Top Rank in London

first_img alexander zverevATP FinalsATP TourDaniil Medvedev First Published: November 8, 2019, 6:00 PM IST London: Novak Djokovic can end his season with a flourish by equalling Roger Federer’s record haul of six titles at the ATP Finals and pipping Rafael Nadal to the year-end number one spot.Germany’s Alexander Zverev shocked Djokovic in last year’s final at London’s O2 Arena but the Serbian will start as the firm favourite after cantering to victory at last week’s Paris Masters. Djokovic and Nadal have shared the spoils at this year’s four Grand Slams, refusing to yield to the next generation.Nadal, who has never won the ATP Finals, dethroned his old rival from the top of the rankings this week and will be hoping to seal the year-end spot despite injury doubts ahead of the tournament, which starts on Sunday.Federer, Nadal and Djokovic were the top three seeds when they first competed together at the tournament way back in 2007.Twelve years later little has changed at the top of men’s tennis, although they will be wary of the challenge from Russia’s Daniil Medvedev, who has won two Masters titles since August and pushed Nadal to five sets in the US Open final.Austria’s Dominic Thiem, Stefanos Tsitsipas of Greece, Germany’s Zverev and Italian Matteo Berrettini make up the rest of the field of eight players.Nadal is bidding to clinch the year-end number one spot in the ATP rankings for a fifth time — he is currently 640 points ahead of Djokovic — but comes into the tournament under a cloud.The Spaniard said this week that he had had a scan in Mallorca after straining an abdominal muscle and would work on adapting his serve but he remained bullish about featuring at the ATP Finals after missing out last year with an injury.NADAL INJURY”The idea is to be able to play the #atpfinals in London,” tweeted Nadal, who has often been blighted by late-season injuries.Nadal’s opponents in the Andre Agassi group are Medvedev, Tsitsipas and Zverev while Djokovic will be up against Federer, Thiem and Berrettini in the Bjorn Borg group.Djokovic won four titles in a row from 2012 to 2015 but has been beaten in the final in two of the past three years.Speaking after his Paris Masters win about his chances of claiming a record-equalling sixth year-end number one finish, Djokovic said: “There’s always a chance that I win all my matches in London, that I play well.”I have done it in the past, and I like playing there. But it’s (an) extremely difficult task, considering who my opponents are going to be. You’re playing a top-10 player every single match.”The Serbian will face Federer for the 49th time in a keenly anticipated group game that will be repeat of the Wimbledon final, which Djokovic won in five sets.Federer, who has not won the ATP Finals since 2011, pulled out of the Paris Masters to “pace” himself after winning a 10th title in Basel last month.Aside from the old guard, Medvedev, 23, has climbed to number four in the world rankings and has become the poster boy for the new generation of players, ahead of Tsitsipas and Zverev, whom he beat in the recent Shanghai Masters final.The season-ending event in London, featuring the year’s best eight players, is contested in a round-robin format with the best four players and doubles teams reaching the knockout semi-finals stage. Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time.last_img read more

India for peace and security in South China Sea

first_imgNew Delhi, Feb 18 (PTI) India today conveyed to Vietnam its support for peace and security in the South China Sea where China has deployed surface-to-air missiles, escalating tensions.External Affairs Minister Sushma Swaraj held talks with Vietnams Deputy Foreign Minister Le Hoai Trung during which the dispute over South China Sea figured among other issues.”The External Affairs Minister conveyed Indias consistent support to peace and security in South China Sea,” official sources said.She also conveyed to him that the duspute must be settled on the basis of recognised international law.China and Vietnam are locked in dispute over the South China Sea, a huge source of hydrocarbons. China has been objecting to Indias oil exploration projects in the disputed waters.Swaraj and Trung also discussed cooperation between the two countries in various key sectors including in oil and natural gas.India has been supporting freedom of navigation and access to resources in the South China Sea in accordance with principles of international law, including the 1982 UN Convention on the Law of the Sea.The Vietnamese Deputy Foreign Minister told Swaraj that his country attaches great importance to ties with India and looks forward to a visit to Vietnam by Prime Minister Narendra Modi. PTI MPB SKlast_img read more

No loyalty to team, its loyalty to money now: Waugh

first_imgBy Poonam Mehra Berlin, Apr 18 (PTI) The “loyalty to money” which Twenty20 leagues around the world are promoting has made it impossible for any country to strike the perfect balance between all three formats of cricket, says former Australian captain Steve Waugh. Waugh, however, feels India, Australia and England are closest to getting the equilibrium right. Worried about the impact that Twenty20 cricket is having on the game, Waugh said the incentive on offer in T20 leagues has led to a decline in loyalty towards national duty. “I think Australia is the closest when it comes to striking a balance, India has the potential and England is also coming up nicely…I think its impossible to strike a perfect balance given that there are three different teams. Its not realistic. I dont think there would ever be one world no.1 in all three formats of the game,” Waugh said in an interaction with the Indian media at the Laureus World Sports Awards here. “Somebody like Brendon McCullum retired from Test cricket even though I feel he still had three-four years in him. He is just working for superannuation right now, for his family, which is alright. Overall I feel there is no loyalty to the team, there is loyalty to money now. I dont blame the players but its tough on the fans,” Waugh said. His sentiments were echoed by former England captain Ian Botham, who said Twenty20 should be kept at the “bottom of the shelf”. “Test cricket is number one because it ebbs and flows beautifully but there is shelf life for every format. And I feel Twenty20 should be at the bottom of the shelf. People are saying it was a great World Twenty20 final last month. I say it was a great last four balls, the rest of the final was a drag. I think it was a pretty poor final,” Botham said. West Indies beat England in a last-over thriller in the World T20 final with Carlos Brathwaite smacking Ben Stokes for four consecutive sixes. (MORE) PTI PM CM CMadvertisementlast_img read more

Suspended Ben Stokes and Alex Hales in England one-day squad for Australia

first_imgBen Stokes has been included in England’s one-day squad for the five-match series in Australia despite being under suspension.Stokes is currently unable to play for his country pending a decision on whether to charge him in connection with an altercation outside a Bristol nightclub in September.But he has been named in the 16-man squad for the ODI series starting next month after selectors were given “clear guidance to name their strongest squad”.He is joined by Alex Hales, who was also suspended after the Bristol incident but has since been told he can play for England after police confirmed he would not face criminal charges.Both players could yet face disciplinary action by the England and Wales Cricket Board.But with Stokes’ situation still not determined, he may not feature in the five-match one-day series, let alone the current Ashes series.The England all-rounder is currently in New Zealand, where he is playing for Canterbury after being granted dispensation by the ECB.With no decision yet made on whether to prosecute him, his chances of featuring in the Ashes, which has three tests remaining, are diminishing.”Should the ECB Board receive formal confirmation that Ben Stokes has either been charged or that he will face no charges, they would convene within 48 hours to make a decision on his availability for the team at that stage,” the ECB said.Also in the one-day squad are Kent batsman Sam Billings and Yorkshire’s David Willey, who is selected ahead of Essex’s Ravi Bopara.advertisementThe first one-day international is in Melbourne on Jan. 14.England squad:Eoin Morgan (Middlesex) (capt), Moeen Ali (Worcestershire), Jonathan Bairstow (Yorkshire), Jake Ball (Nottinghamshire), Sam Billings (Kent), Jos Buttler (Lancashire), Tom Curran (Surrey), Alex Hales (Nottinghamshire), Liam Plunkett (Yorkshire), Adil Rashid (Yorkshire), Joe Root (Yorkshire), Jason Roy (Surrey), Ben Stokes (Durham), David Willey (Yorkshire), Chris Woakes (Warwickshire), Mark Wood (Durham)last_img read more