KMG Gold Blog

Winnipeg Gold Buyer KMG Gold Recycling Open At 1220 Pembina Hwy

Mon, 19 Jun 2023 07:10:36 PM

Winnipeg, June 19 2023: KMG Gold Recycling remains open at 1220 Pembina Hwy in Winnipeg. Free parking, accessible, vault storage, and 24-hour gold depository. Please visit kmggold.com for hours of operations.

Ekati Diamond Mine Sold in $187 Million Dollar Deal

Mon, 20 Mar 2023 04:03:43 PM

March 16, 2023 Jewellerybusiness.com bit.ly/3Z0HvNm The Ekati Mine in Canada's Northwest Territories has found a new owner who is keen to extend its life. Arctic Canadian Diamond Company has entered into a binding share purchase agreement with publicly traded Australian company, Burgundy Diamond Mines, Ltd. The Perth-based company, which owns and operates a diamond cutting and polishing facility, has agreed to acquire 100 per cent of Arctic Canadian's assets (including, notably, Ekati Diamond Mine) for $187 million (US$136 million). The sale, which comes just over two years after Calgary-based Arctic Canadian purchased Ekati from Dominion Diamond Mines, will, ideally, lead to continued operations and longevity for the mine, Arctic Canadian said in a statement. The company has a workforce of approximately 1,100 people, many of whom are from local communities in the North. "I am optimistic about the future of Arctic Canadian," says the company's chief financial officer, Kristal Kaye. "This equity-based investment by Burgundy will greatly improve the financial foundation of the company and our goal of extending mine life at Ekati, while continuing to provide employment opportunities for many people in Northern communities." Post-transaction, Burgundy says it will focus on optimizing Ekati's performance and extending its life through, among other things, underwater remote mining and systematic exploration using newly applied machine learning technology (i.e. artificial intelligence). "The transaction is a genuine game-changer for both Burgundy and Arctic Canadian," says Burgundy's executive chair, Michael O'Keefe. "I believe this transaction is a significant positive development for Ekati and for the North," adds Rory Moore, president and CEO of Arctic Canadian. The proposed transaction is subject to financing and the approval of Burgundy's shareholders, which is expected in late April of this year. "I want to acknowledge and thank our current owners for facilitating the restart of operations at Ekati in early 2021," Moore adds. "The hard work of our people has led to a return to steady state profitable operations and successfully demonstrated the longer-term value of the Ekati asset that attracted Burgundy to this transaction."

KMG Gold Recycling Hours of Operation

Thu, 19 Jan 2023 01:55:08 PM

January 1, 2023 Winnipeg MB KMG Gold Recycling at 1220 Pembina Hwy, East side, just north of McGillivray, at Waterford Ave in Winnipeg, Manitoba operating hours buying gold, silver, platinum and palladium, jewelry, dental gold and gold bars. Store Hours: Monday: 10:00 AM to 4:00 PM Tuesday: 10:00 AM to 4:00 PM Wednesday: 10:00 AM to 4:00 PM Thursday:10:00 AM to 4:00 PM Friday: Closed Saturday: Closed Sunday: Closed recycle@kmggold.com kmggold.com

New 1220 Pembina Hwy Store Hours

Mon, 15 Nov 2021 12:04:14 PM

November 15, 2021: KMG Gold Recycling at 1220 Pembina Hwy, East side, just north of McGillivray, at Waterford Ave in Winnipeg, Manitoba has extended their operating hours buying gold, silver, platinum and palladium, jewelry, dental gold and gold bars. Store Hours: Monday: 10:00 AM to 4:00 PM Tuesday: 9:00 AM to 5:00 PM Wednesday: 9:00 AM to 5:00 PM Thursday: 9:00 AM to 5:00 PM Friday: 9:00 AM to 5:00 PM Saturday: 10:00 AM to 4:00 PM Sunday: Closed recycle@kmggold.com, kmggold.com

620 Academy Road Location Moves to 1220 Pembina Hwy

Tue, 26 Oct 2021 12:57:26 PM

October 26, 2021 Winnipeg KMG Gold Recycling location at 620-C Academy Rd has closed its doors after 10 years and has moved to the head office at 1220 Pembina Hwy. All of the services offered at Academy Rd are available at the new location.

City of Winnipeg Kills Cash For Gold Business

Fri, 20 Aug 2021 03:59:00 PM

No More Cash For Gold City of Winnipeg Precious Metals Dealer By-Law Kills Cash For Gold Recent changes made by council to the City Of Winnipeg Doing Business in Winnipeg By-law require that KMG Gold Recycling® now must conduct business exclusively by "commercial transaction". On July 22, 2021, City of Winnipeg Council passed amendments to the Doing Business in Winnipeg By-law No. 91/2008. The amendments require licensed Precious Metals Dealers to ensure that goods they buy are not disposed of until at least 30 days have elapsed after reporting the purchase to the Chief of Police. The previous time period for holding purchases after reporting to police was 15 days. Holding purchases for 15 days was a reasonable time for the police to investigate and search for stolen items amongst our purchases. It was also a reasonable amount of time for us to cooperate with law enforcement. 30 days is unreasonable. Not being able to sell the gold jewellery that we purchase for 30 days, in the volitile precious metals market is economically unviable. Therefore, effective immediately, we shall conduct all business exclusively by "commercial transaction". • WE MUST PAY BY 7-DAY POST-DATED CHEQUE • CHEQUES MUST BE MAILED Don't like it? Neither do we. Contact the decision makers: - Mayor Brian Bowman, 204-986-5665, mayor@winnipeg.ca - Councillor John Orlikow, 204-986-5236, jorlikow@winnipeg.ca - Councillor Sherri Rollins 204-986-5878, srollins@winnipeg.ca - The Chief of Police, 204-986-6037 The Doing Business In Winnipeg By-law is available online HERE If you are selling stolen property, please go to any of our competitors who pay cash and don't require I.D. or the travelling gold buyers that set up just outside the city limits so they don't require a license. This by-law Amendment has nothing to do with mitigating crime and everything to do with power.

COVID Update: KMG Gold Open For Business Remotely

Thu, 26 Nov 2020 01:42:00 PM

November 26, 2020. Winnipeg MB. COVID-19 Update: In this time of uncertainty, the safety and well-being of our customers, staff and communities is our top priority. We're reaching out to let you know that we are here to help. 1220 Pembina Hwy & 620 Academy Rd locations are OPEN to Buy, Sell, Refine, & Pawn Gold, Silver, Jewelry, Coins & Bullion. All of our normal goods and services are still available for pick-up, delivery, no-contact, remote, touchless, and curb-side. Single, individual customers may drop-off, pickup, get paid, buy and pay, but are not allowed inside our showroom. We also offer NO CONTACT - NO WAITING 24-HOUR DROP-OFF at our Bank Depository, available 24 hours a day at our 1220 Pembina Hwy location only.

KMG Gold President Mike Gupton on CTV Morning Live

Mon, 25 May 2020 03:48:00 PM

May 25, 2020 COVID-19 UPDATE: Watch KMG Gold president Mike Gupton on CTV Morning Live HERE

WE ARE OPEN - COVID19

Sun, 22 Mar 2020 05:01:15 PM

During these trying times, we have closed 620 Academy Rd and 1514 Regent Av W. and shall keep our head office at 1220 Pembina Hwy open. 7 days a week. We have changed our hours to make it more convenient for our customers and staff to safely and securely continue offering personal financial services. Social distancing is in effect. Please keep a safe distance of 6 feet (2 meters) between others in the store at all times. All consignment jewellery, jewelery loans, and pawns are safely secured. Please contact us at customerservice@kmggold.com or at 1-877-468-2220 for more information. Also check Google, Facebook, Instagram and Twitter regularly for updates. As well as our website, kmggold.com

UPDATE-Counterfeit Fake Gold Rings Chains In Winnipeg Kenora

Wed, 25 Jul 2018 10:47:32 AM

Update to the previous post about people selling fake gold jewelry. People have indicated to us that they have been approached in Clearwater Bay ON two weeks ago, and in St. James Winnipeg one week ago, by a young couple with a small child claiming to be from Dubai and that they needed gas. They were driving a 4 door Nissan with Quebec plates.

Fake Gold Chains and Rings Hit Winnipeg and Kenora

Tue, 24 Jul 2018 12:53:51 PM

Beware! Fake jewelry has surfaced in Winnipeg and Kenora. A young man with a small child, possibly in a grey Chevrolet Caprice, Impala or similar, are telling good samaritans a fake sob story about running out of gas and his credit card not working. Then he takes off his ring and chain to sell for a few hundred bucks. The chain and the ring are copper alloyed with nickel. Both are stamped 18k, but have no gold in them at all. Fake gold chain stamped 18k is made of copper and nickel, no gold at all. Fake gold ring stamped 18k is made of copper and nickel, no gold at all. Fake gold ring and chain stamped 18k is made of copper and nickel, no gold at all. Fake gold ring stamped 18k is made of copper and nickel, no gold at all. Don't get caught in the scam. The gold buyer experts at KMG Gold Recycling use X-ray fluorescence spectrometry to analyze purity. The only such type of analysis between Toronto and Calgary.

Gold Buyer Open 7 Days a Week

Sat, 21 Jul 2018 10:00:51 AM

KMG Gold Recycling 1220 Pembina Hwy is open 7 days a week. Open: Monday - Saturday 9:30-5:30 Sunday 12:00-5:00 Buy and sell unwanted jewelry, coins, Sterling silverware, gold and silver bars and rounds. Please visit our website www.kmggold.com/kmg-gold-locations-hours.cfm for details.

KMG GOLD RECYCLING 1220 PEMBINA HWY NOW OPEN

Thu, 11 Jan 2018 05:08:00 PM

Www.kmggold.com Winnipeg January 2, 2018 KMG Gold Recycling opens third Winnipeg location at 1220 Pembina Hwy. This new head office and recycling facility for KMG Gold Recycling is the newest addition to their recent openings of new retail outlets for buying Gold, silver, platinum, palladium, Gold jewelry, gold crowns, silverware and coins and bullion.

KMG GOLD RECYCLING OPENS FOURTH LOCATION

Thu, 28 Dec 2017 01:18:08 PM

January 2, 2018. Winnipeg MB Canada KMG Gold Recycling opens the doors on its new home, processing facility and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. The doors will open January 2, 2018 Monday to Friday, 9:30-5:30 This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling. KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services. KMG recently opened a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg, just three months ago. KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium. KMG Gold Recycling has 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S. Washington St Grand Forks ND Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220 KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.

KMG GOLD RECYCLING OPENS 2nd WINNIPEG LOCATION. 1514 REGENT AV

Thu, 12 Oct 2017 09:54:03 AM

Transcona, Winnipeg. October 11, 2017 https://www.kmggold.com SECOND WINNIPEG LOCATION NOW OPEN! Transcona, East Winnipeg 1514 Regent Avenue W Winnipeg NOW OPEN MONDAY TO SATURDAY 10:00-5:30 Transcona, East Winnipeg KMG Gold Recycling 1514-1 Regent Avenue West Winnipeg, Manitoba R2C 3B4, Canada Office: (204) 452.GOLD (4653) Toll-Free: (877) 468.2220 Email: recycle@kmggold.com Store Hours: Monday - Saturday: 10:00 AM to 5:30 PM KMG Gold Recycling's newest East Winnipeg location now serves Transcona, East Kildonan, Elmwood, North Kildonan, and Seven Oaks. This new office is fully equiped and now makes it easier for folks from Gimli, Lockport, Selkirk, Beausejour, Anola, Dugald, Lac Du Bonnet, Oakbank, Ste. Anne, Steinbach, Niverville, and Falcon Lake to visit KMG Gold Recycling, Canada's Original Gold Buyer™

KMG Gold Recycling Finds New Home, Opens Third Location In Winnipeg

Fri, 15 Sep 2017 06:09:33 PM

September 15, 2017. Winnipeg MB Canada KMG Gold Recycling has found a new home and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling. KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services. This news comes on the heels of the announcement that KMG will be opening a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg. KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium. KMG Gold Recycling will very soon have 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S? Washington St Grand Forks ND Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220 KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.

KMG GOLD RECYCLING Opening Second Location in Winnipeg

Wed, 16 Aug 2017 02:19:48 PM

NEW LOCATION OPENING SOON 1514 Regent Avenue West Watch for opening dates here and on facebook.com/kmggold

Very Rare 1954 Mis-Matched Serial Number Canada One Dollar Note

Wed, 12 Jul 2017 11:38:00 AM

Paper Money Grading Standards GEM UNCIRCULATED - GEM UNC - GCU65 1. A near perfect original note. 2. Colours must be bright, original with exceptional eye appeal. Paper must be bright and fresh. 3. The note must have near perfect centering with sharp square corners and edges. 4. No noticeable impairments upon close examination: counting flicks, soft bends or machine marks, paper flaws, writing, pinholes, etc. 5. The note must not be processed or pressed. Tips for different series of GEM UNCIRCULATED 1935, 1937 and some 1954 series notes must have heavy embossing on the engraved printed areas, serial numbers and the typed signature. 1954 issues must have original paper ripples present in heavily inked areas. Journey notes with holograms will show no "cutting cup" or banding marks. CHOICE UNCIRCULATED - CHOICE UNC - CHCU63 1. A near perfect original note with much eye appeal. 2. Colours must be bright. The paper on older notes may exhibit minor toning. 3. The note may be slightly off centre. It must have sharp edges and corners. 4. No noticeable impairments upon close examination with the exception of one of: A minor original paper flaw prior to printing, a very slight soft corner, one very small counting flick. 5. The note must not be processed or pressed. 6. The note may have only one demerit point. Tips for different series for CHOICE UNCIRCULATED 1935, 1937 and some 1954 series notes must have heavy embossing on the engraved printed areas, serial numbers and the typed signature. 1954 issues must have original paper ripples present in heavily inked areas. Journey notes with holograms may show a slight "cutting cup". UNCIRCULATED - UNC - CU60 1. An original note, must not be processed or pressed. 2. Colours must be bright with eye appeal. There may be noticeable paper toning, but no major distractions. 3. The note may be noticeably off centre. Edges and corners may be muted, thus not sharp and precise. 4. There may be minor flaws or defects resulting in up to three demerits, such as: visible counting creases (one demerit each), tight margin (one demerit). 5. Banding strap marks, ATM or counting machine marks that have caused small indentations in the note are acceptable. 6. Notes with blemishes or distractions, a small tear, nick, crease with broken fibre, including an edge bump or folded corner, would not receive an uncirculated grade. Tips for UNCIRCULATED 1935, 1937 and some 1954 series notes must have heavy embossing on the engraved printed areas, serial numbers and the typed signature. 1954 issues must have original paper ripples present in heavily inked areas. Journey notes with holograms may show a "cutting cup". DEMERIT POINTS Counting crease, no broken fibres;one point each Edge bump;one point each Paper toning;one point Counting flick, no larger than 2 cm;one point each Soft corner;one point each DEMERIT POINTS FOR GRADES GEM UNCNo demerit points CH UNCOne demerit point UNCThree demerit points AU 1. An attractive, original note with bright colours. 2. Paper toning may be present, especially on earlier notes. 3. Note may have several small counting flicks, or one light centre fold, but not both. 4. Minor original flaws in the paper prior to printing may be present. 5. The note must have basically sharp edges and corners; however, very minor edge bumps from banding straps, or a couple of soft corners, are acceptable. EF 1. An attractive note with bright colours. 2. Original paper ripples may not be present. 3. Heavy counting creases, or one centre crease with broken paper fibres, or two light folds may be present, but no combination of these. 4. The note still must exhibit sharp edges, but two or more soft corners and edge bumps may be present. VF 1. Will have good eye appeal, but colours will have decreased hue and vibrancy. Considerable paper crispness will remain. 2. Evidence of wear will be present along the edges and corners, with no weakness in the design. The corners will not be rounded. 3. The note may have up to four major creases or folds with broken paper fibres, but no design loss in the creases. F 1. Signs of considerable wear (circulation) with wear along the edges and corners. The corners may be rounded, with wear showing within the design areas. 2. Noticeable soiling will be present. 3. Will have four or more heavy creases or folds with broken paper fibres, with additional minor folds, but the design should not be worn off completely in the creases. 4. Paper will retain some crispness. VG 1. Evidence of heavy circulation, with little or no paper crispness remaining. 2. Considerable soiling, with some loss of colour hues and vibrancy; some design loss on the creases. 3. Heavy vertical and horizontal creases and folds will be present; edges and corners will be worn. 4. Tiny edge nicks and tears may extend into the design. Pin holes are usually present. No pieces are missing from the note. Good (G) 1. A heavily circulated note wich may have numerous tears and defects, but no large section of the note should be missing. 2. Paper quite soiled and often dark. Colours may be noticeably faded or altered. 3. Basically a whole note, but with very heavy wear along the edges and corners which may begin to look rather tattered. Heavy folds with wear on the design within the creases, some separation often beginning along the heaviest creases. A limp and lifeles note. In addition, to grade a note accurately it is necessary to consider any additional impairments. These should include: a. Minor counting creases or edge defects, especially for EF and AU grades. b. Tears, pinholes or signature perforations. c. Stains, smudges, crayon marks or writing. d. Missing corners, cut and punch cancellations or edge defects. e. Rubber stamp impressions. f. Any repairs, such as with sticky tape, scotch stape, stamp hinges, etc. g. Chemical damage, paste or glue from attachment to a page. h. Poorly centered or badly trimmed edges. i. Pressing, cleaning, trimming of edges, erasure marks. A note with portions missing should be graded as if it were a whole note, then the amount missing should be fully described. This process is much more informative than "net grading", which should be avoided. Proof, specimen and essay notes are commonly accepted as being in uncirculated condition. Otherwise, the should be described as impaired, with the type and degree of impairment stated. As printed in the Charlton Standard Catalog of Canadian Government Paper Money, 20th Edition 2008

Ask The Gold Guy: KMG President Takes Your Calls on 680 CJOB

Fri, 09 Oct 2015 12:15:46 PM

Join KMG Gold Recycling founder Michael Gupton as he takes your calls live and shares his secrets on how to buy gold on the Tom Milroy Show on 680 CJOB radio live this Saturday at 10:30am listen anywhere at player.cjob.com Learn where and how to buy gold and silver, what hallmarks are good, which are bad. What does "karat" and "carat" mean? What does EPNS and sterling mean? Learn how to tell the difference between gold or glamour, and precious or plated.

Where and How To Buy Gold and Silver: KMG Gold on 680 CJOB Tomorrow

Fri, 11 Sep 2015 04:07:45 PM

Saturday September 12, 2015. Winnipeg. Join @Mike_Gupton @kmggold with #TOMMILROY on @680CJOB this Saturday between 10-12. Learn where and how to buy gold and silver, what hallmarks are good, which are bad. What does "karat" and "carat" mean? What does EPNS and sterling mean? Listen on #cjob and learn how you can tell the difference between gold or glamour, and precious or plated. This Saturday on the Tom Milroy show between 10-12 on @680cjob http://dlvr.it/C6g4wc kmggold.com @Mike_Gupton @kmggold with #TOMMILROY on @680CJOB this Saturday between 10-12. Learn where and how to buy gold and silver, what hallmarks are good, which are bad. What does "karat" and "carat" mean? What does EPNS and sterling mean? Listen on #cjob and learn how you can tell the difference between gold or glamour, and precious or plated. This Saturday on the Tom Milroy show between 10-12 on @680cjob http://dlvr.it/C6g4wc