Beadell Resources Limited (“Beadell”, “BDR”, “Company”) has released guidance for the next six months.

• The Company expects gold production of 120-130koz (186-197koz for CY13) at C1 cash costs of US$435-485/oz (excluding royalties and iron ore credits).
• Capex is expected to be US$17m and free cash flow (assuming a gold price of US$1,330/oz) is expected to be US$92m (versus net debt of ~$US95m).

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Beadell Resources Limited (“Beadell” or “the Company”) is pleased to announce that open pit mining and processing of the ultra high grade Duckhead gold deposit at the Company’s Tucano gold mine in Brazil is progressing extremely well with a significant ramp up in gold production under way.

The Duckhead ore is now having a material impact on gold production at Tucano with 800 ounces per day of gold being recovered on average over the last 10 days. Mill throughput over the same period has been 12,000 dry tonnes per day with recoveries averaging 93.5%.

About BDR

As can be seen in this image the US Monetary base and Gold are usually in relative sync…. However of late there seems to have been a disconnect.

St. Louis Adjusted Monetary Base (AMBSL)

2013-07: 3,310.247 Billions of Dollars Last 5 Observations

Monthly, Seasonally Adjusted, Updated: 2013-08-16 7:16 AM CDT

But

Gold Jan 2000 – 2013

When we look at Monetary Supply Vs Gold we see much the same thing and if this piques your interest this article: Gold versus the money supply is likely helpful.

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year.

Globally, jewellery demand was up 37% in Q2 2013 to 576 tonnes (t) from 421t in the same quarter last year, reaching its highest level since Q3 2008. In China, demand was up 54% compared to a year ago; while in India demand increased by 51%. There were also significant increases in demand for gold jewellery in other parts of the world: the Middle East region was up by 33%, and in Turkey demand grew by 38%.

Beadell Resources (ASX: BDR) has started mining at the high grade Duckhead gold deposit at its Tucano gold mine in Brazil after a two month delay.

INVESTIGATOR RESOURCES LTD – ASX: IVR
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Description
Investigator Resources Limited (ASX code: IVR) is a metals explorer focusing on silver, copper and gold discoveries on the Eyre and Yorke Peninsulas, South Australia with the objective of becoming a producer.

The company is named after Matthew Flinders’ ship, ‘The Investigator’, a small former coal barque that outsailed the French in mapping the coasts of the Eyre and Yorke Peninsulas to claim South Australia for the British.

Investigator Resources belies its small size by applying innovative concepts and exploration techniques to secure quality ground and to compete for the next major metal discovery in Australia.

Peterlumbo JV Silver Project, South Australia
• New silver prospects identified utilising modern low-level geochemical analytical techniques.
• Maiden Paris Silver Project resource due September quarter 2013.
• A number of larger than Paris silver-in-soil anomalies, including Alexander and Hector identified.
• Drilling commenced at Alexander in late July and planned for Hector in August.
• Potential porphyry copper / gold target identified at Peterlumbo Hill and to be tested later in 2013.

East Eyre Peninsula Projects, South Australia
• Over 4,500km2 of well-placed ground with potential for silver, gold and related prospects.
• New potential silver field identified at Uno/Morgan, utilising soil geochemical techniques. Drill testing commence upon access approval.
• Competitive advantage of our in-house prospectivity model for selecting areas.
• Unique asset of a regional soil geochemical dataset.

Early success, with the discovery of the Peterlumbo epithermal field, shows IVR’s approach is working and upgrades our other soil geochemical targets across the Moonta Corridor.

Bute/Ridgeback copper gold project, Yorke Peninsula, South Australia
• Under-explored regional extension to recent copper discoveries, Hillside copper Project, the Paskeville-Willamulka prospects and are in the historic Moonta-Kadina-Wallaroo copper district.
• Prospects under 200m of cover near Moonta offer a better option than drilling up to 1,000m deep holes on similar but deep targets near Olympic Dam.
• Drill testing of Roundabout target at the earliest opportunity, but subject to access agreements and farming activities.

“This chart takes the long position and subtracts the short position from it.”