Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Centerra Gold Inc. announced that its Boroo mine, located in Mongolia, has received regulatory approval for its mine plan for the heap leach facility and therefore now has all required permits to resume heap leach operations.
Boroo expects to resume the heap leach operation following re-commissioning and estimates that production from the heap leach will add approximately 2,000 ounces of gold per month starting in December.
Also, at the Altan Tsagaan Ovoo (ATO) project in Eastern Mongolia, the Mineral Reserve Authority of Mongolia (MRAM) has issued a mining license to Centerra Gold Mongolia for the ATO project area.
Exploration drilling is continuing on the ATO property targeting extensions and feeders to the pipe-like bodies hosting the current ATO resource and possible strike extensions to the nearby Mungu prospect.
Source (English): Centerra Gold
