Erdene Launches First Gold Production at Bayan Khundii Mine in Mongolia
Canadian miner Erdene Resource Development (TSX:ERD) has poured its first gold at the Bayan Khundii mine in southwestern Mongolia, marking a major milestone for the project less than a decade after discovery. Erdene President and CEO Peter Akerley said the deposit, first identified in 2015, has quickly become a cornerstone of the Khundii Minerals District. […]
Gold Prices Set to Surge: Insights from Sprott
Stock image. Gold prices are poised to continue their upward momentum and move “significantly” higher due to a confluence of macroeconomic and political dynamics, Sprott Asset Management says. In its latest precious metals report written by market strategist Paul Wong, the firm specifically sees inflation risk as a primary driver of gold prices, as the […]
Gold Approaches Record High as ETFs Grow Ahead of Fed Meeting
Gold headed for a fourth weekly gain on expectations the Federal Reserve is poised to lower US interest rates, with prices aided by inflows into bullion-backed exchange traded funds. The precious metal traded near $3,650 an ounce, up about 1.7% this week, after setting a record in Tuesday’s session. Silver, which can move in tandem, […]
End of Paper Gold: BRICS Nations Establish Dollar-Free Payment Systems
Gold taking over euro in importance. Stock image. Beaver Creek, Colorado – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal. “We’re now, believe it or not, in the era of hard money,” […]
Bolivia Secures $589 Million Loan Colateralized by Future Gold Deliveries
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt. In recent months, the Bolivian central bank has raised $589 million against the delivery in a year’s time of 5.4 tons of gold, it said in a report published this month. The futures contracts […]
LBMA Calls White House Tariff Update on Gold Bars a ‘Positive Development’
The White House update to its tariff schedule is a “welcome development” after challenges caused by a recent US Customs ruling on gold bars, the London Bullion Market Association said on Wednesday. The executive order, issued on September 5 by President Donald Trump, updates the tariff schedule for certain goods, including key gold products. The […]
Gold Prices Hit New High Ahead of Crucial US Data Release
Stock image. Gold touched another record high on Tuesday as momentum continues to build for a US interest rate cut next week. Spot gold hit a new high of $3,673.49 per ounce, surpassing its previous record of $3,636.71 from just a day ago. By noon ET, it retreated to $3,646.64 an ounce, for an intraday gain […]
Centerra Acquires 9.9% Stake in Liberty Gold to Strengthen Idaho Investment
A piezometer used to measure underground water pressure installed in a brownfields pit as part of Liberty’s Black Pine permitting work. Credit: Henry Lazenby Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD) for about C$28 million to add a stake in a junior miner that’s focused on developing […]
i-80 Gold Launches Underground Development at Archimedes
The Archimedes underground project is part of the Ruby Hill Complex in Nevada. Credit: i-80 Gold Corp. i-80 Gold (TSX: IAU) (NYSE-A: IAUX) surged to a six-month high on Friday after the company announced the start of construction at its Archimedes project as planned, with expected production in the fourth quarter of 2026. In a press […]
Tether Enhances Gold Strategy with Increased Investment in Canadian Company
Stock image. Stablecoin issuer Tether Holdings SA is expanding its gold strategy by adding to its stake in a Canadian gold royalty company. Tether plans to buy approximately $100 million in additional shares of Elemental Altus Royalties Corp., a firm that specializes in buying revenue streams from mining companies, according to a statement. Tether had […]