Gold price extends loss as Fed cuts rates, signals less easing
New forecasts showed several officials penciled in fewer rate cuts for next year than estimated.
Ken is CEO of Northern Vertex Mining (TSX.V: NEE) and he discusses how they are nearing production with their mine in Arizona. They brought on board Greenstone Resources, Sprott Lending, and Cat Financing to take their project to the next level. They have six weeks left before they begin pouring gold.
He says they have a tremendous amount of exploration potential and they have recently brought on board two geologists. They currently expect a ten-year mine life. They intend to demonstrate the exploration upside to their property. The two advising geologists for the company are Perry Durning, and Bud Hillemeyer; both are accomplished geologists with multi-million-ounce discoveries to their names. They are looking at this as an opportunity to add ounces, and it is not out of the question that they could double the potential of the property. They look forward to being the next U.S. producer.
