World’s best gold forecaster is solidly bearish on bullion

The move would provide a more sustainable source of the precious metal and reduce dependence on traditional mining methods. 

Strong international appetites for gold also pushed up Canadian exports, with metals and non-metallic mineral deliveries up 11.8% in June.

The new PEA states that the lack of initial capital costs is due to the company having already built a heap leach pad and extraction circuit last year.

Gold continued its march lower on Tuesday, while global equity markets steadied after the previous day’s rout.