This financing follows up on a C$17 million private placement announced earlier in June.

China reported an increase in its gold reserves for the first time in more than three years.

Buyers are stocking up ahead of the end of the year and in anticipation of support from Beijing for the struggling property market.

The battery material in China has continued to retreat from the all-time high hit last month as signs of demand weakness weigh on the market.

The discovery was made on surface within the Beyer Zone, where the company previously reported a surface sample that assayed 14.15 g/t gold and 9.40 g/t silver.

Since restarting the copper-gold mine in late 2016, the company has transformed Kainantu into a rapidly expanding producer.

The faster the world moves towards the internet-of-things, the more tin will be needed to glue the expanding metaverse together.