Sunday, May 21, 2017

Calico Ghost Town

Calico is a ghost town and former mining town in San Bernardino County. Located in the Calico Mountains of the Mojave Desert region of Southern California, it was founded in 1881 as a silver mining town, and today has been converted into a county park named Calico Ghost Town.
In 1881 four prospectors described a peak as "calico-colored", the peak, the mountain range to which it belonged, and the town that followed were all called Calico. The four discovered silver in the mountain, and opened the Silver King Mine, which was California's largest silver producer in the mid-1880s. The town soon supported three hotels, five general stores, a meat market, bars, brothels, and three restaurants and boarding houses.
At its height of silver production during 1883 and 1885, Calico had over 500 mines and a population of 1,200 people. The Silver Purchase Act drove down the price of silver. By 1896, its value had decreased to $0.57 per troy ounce, and Calico's silver mines were no longer economically viable. By the turn of the century, Calico was all but a ghost town, and with the end of borax mining in the region in 1907 the town was completely abandoned.

Friday, May 19, 2017

The Nansibon Jade Mine - Burma

The jadeite mines of Upper Burma (now Myanmar) occupy a privileged place in the world of gems, as they are the principal source of the finest grade material in the world. The jadeite mines of Hpakan, Upper Burma is located about 420 km north of Mandalay, amidst some of the most inaccessible jungle on the planet.

For the Chinese, there is a terrestrial bridge between heaven and hell – jade. The history of jade in Chinese culture stretches back thousands of years.

To the Chinese, jade was traditionally defined by its “virtues,” namely a compact, fine texture, toughness and high hardness, smooth and glossy luster, along with high translucency and the ability to take a high polish.
Villagers, now jade poachers, come from near and far, some women and children to risk their lives for a chance to find the precious stones. The work is dangerous, especially when it rains. Landslides happen often.

Thursday, May 18, 2017

Barrett-Jackson’s 2016 Scottsdale Auction

1938 Coddington “French Connection” Roadster - $407,000
Barrett-Jackson’s 45th Anniversary Scottsdale Auction was held January 23-31 at WestWorld of Scottsdale and featured over 1,400 vehicles, most selling at No Reserve.

1958 Corvette LS2 convertible $220,000 (Lot #1288)

1962 LS3 roadster $159,500 (Lot #1319).

1953 Delahaye Type 235 Unsold

Royal Maroon 1969 Ford Mustang Boss 429 (Lot #1360) $352,000

Shelby Cobra CSX2495 $797,500

1939 Talbot-Lago T-15 Cabriolet (Lot #1378) $550,000

“Smokey and the Bandit” promo car. (Lot #7004) $550,000.00

The King. 1959 Cadillac Series 62 Custom De Ville – Elvis $170,500 (Lot #1388)

The Queen. 1940 Cadillac Custom – Sophia Loren $148,500 (Lot #1408)

Centerra Gold Inc - CG.t

Centerra Gold Inc - CG.t operates 2 producing mines, Kumtor in the Kyrgyz Republic and the Boroo mine in Mongolia.

In 2015 Centerra produced 530,000 oz at AISC of $877 per ounce. In 2016, Centerra produced 598,677 ounces of gold and 10.4 million pounds of copper from its two operations.

On May 5, 2017 the company released News

Centerra Gold Inc. (TSX: CG) today reported net earnings of $57.0 million or $0.20 per common share (basic) on revenues of $285.3 million in the first quarter of 2017, compared to net earnings of $18.1 million or $0.08 per common share (basic) on revenues of $73.2 million for the same period in 2016.