Rescue work continues after gold mine collapse in China

Explorer will use the funds to acquire its parent company’s Tumblegum South asset in Western Australia.

Gold has lost 8% this year as central banks plot a course toward cutting the unprecedented monetary stimulus.

Schaft Creek is a joint venture of Teck Resources, the 75% owner and operator, and 25% partner Copper Fox.

More drilling planned, but laboratory backlogs are impeding planning progress.

The South Uchi project is located within the Birch-Uchi greenstone belt, covering over 65,000 hectares in Ontario's Red Lake mining district.

Peak production will be 160,000 oz. of gold annually from 2026 to 2029.

In 2020, the Golden Triangle accounted for roughly 44% of the $422 million in mineral exploration expenditures in British Columbia.

Gold futures speculators have done massive amounts of selling in anticipation of Fed tightening nearing.

The LBMA said in June it had begun a review of the refiner, Kyrgyzaltyn JSC, "in response to issues concerning delivery and the potential for fraud."