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The John Batchelor Show

#CANADA: Gold mining at Yellowknife in the Northwest Territory. Gerald Panneton, CEO Gold Terra

The John Batchelor Show

John Batchelor

News, Arts, Books, Society & Culture

4.52.8K Ratings

🗓️ 21 June 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

This is a series

0:05.0

the price of gold.

0:09.0

Gold is being purchased in record numbers

0:12.0

by the Chinese state, the People's Republic of China.

0:15.7

Why?

0:16.7

Because they saw what happened sanctions regime on the Russian bank and the Russian assets and all Russia was left with the gold in the basement of the Russian

0:25.6

National Bank. China sees the same story. At the same time we're told the Chinese consumer

0:31.1

no longer trusting the collapsed real estate market is buying gold.

0:36.4

That explains a deal of the push, but now I go to the gold producer.

0:40.5

I'm going to the Yellowknife Northwest Territory. This is Canada and I welcome Gerald

0:45.3

Penitent, the chairman and chief executive officer of Gold Terra Corp.com. This is a

0:52.0

gold mine. This is gold seeking in an area of Canada that has long

0:57.5

been associated with gold and other precious gems. However, we're interested in what is called the Campbell Sheer.

1:06.0

Gerald, a very good evening to you, thank you for this.

1:08.6

I came to Yellowknife during the fires of 2023, the evacuation from the town was frantic.

1:16.0

And then I came back to Yellowknife when a correspondent of mine visited

1:20.0

about the migration story and found Yellowknife very buoyant and active with people from all over the world operating the hotels and the restaurants.

1:29.0

You're in Yellowknife for a long time because of the Campbell Shear where your company is seeking to reopen

1:38.0

a gold vein. What is the Campbell Shear? Good evening to you, Gerald.

1:42.0

Good evening, John. Thank evening to you, Gerald.

1:47.0

Good evening, John. Thank you very much for interviewing us. The Campbell Shear is the plumbing system that brought the gold in Yellowknife.

1:53.0

Fourteen million ounces has already been produced on a very short distance,

...

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