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Poland copper mining tax to end in 2026

ByVictoria
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Poland’s copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday.

The tax on mineral extraction, including copper, was introduced in 2012. Poland’s biggest copper miner KGHM paid 3.87 billion zlotys in tax in 2024, according to its annual report.

“By taking care of investments in Poland, by taking care of the development of KGHM, we also take care of the collective security of the West and the European Union.”

Source – Reuters

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Robert Kiyosaki says silver will reach $70

ByVictoria
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Robert Kiyosaki urges investors to ditch “fake money” and start saving silver, gold, and Bitcoin — calling silver the top asset for the next two months and predicting it could hit $200.

“Silver for the next two months is the best of the three, gold, silver, and Bitcoin,” he said. “Today silver is about $35 an ounce. I believe silver may soon be $70 an ounce this year and $200 in a year or two.”

“The best news is, almost everyone in the world can afford at least 1 silver coin today….but not tomorrow,”

Source – The Street

Robert Kiyosaki – is an American Businessman and author most notably for his “Rich Dad Poor Dad” series of personal finance books.

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Antofagasta copper mining CEO expects copper to remain

ByVictoria
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The trade war stirred by U.S. tariffs raises a risk for metal demand, the head of Chile’s Antofagasta said, although he predicted AI and other technology could offset any loss of traditional consumption caused by economic weakness.

He also said President Donald Trump’s policies could lead to a more favourable environment for investment in mining

Antofagasta CEO Ivan Arriagada said he expected supplies of copper, needed for construction and the transition to a lower carbon economy, would remain in limited supply.

“In the current environment, where there is a lot more support for mining investment, it should be easier and should happen,” Arriagada said

Source – Reuters

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Pan American Silver (PAAS) closed shares at $24.63

ByVictoria
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Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $28.36, implying a 15.14% upside from current levels. In a report released on February 11, National Bank also maintained a Buy rating on the stock with a C$47.25 price target.

Source – Markets Insider

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San Francisco Mint might close

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President Trump and the Elon Musk-led Department of Government Efficiency (DOGE) have now targeted the San Francisco Mint for closure in a bid to sell the real estate on which the National Register of Historic Places structure stands, theoretically to reduce government expenses.

Mint-wide, the bureau has already trimmed more than 100 full-time staffers, with an edict from DOGE to trim another 200, while the bureau wrestles with vacancies, some of which still need to be filled. Many of the positions trimmed were resolved through resignations and retirements.

Closing the San Francisco Mint could affect the production of many numismatic products, such as Proof sets, silver Proof sets, Proof commemorative coins and Matte silver presidential medals.

Source – Coin World

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Everything about buying gold at Costco

ByVictoria
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Costco offers members an opportunity to purchase one-ounce gold bars in the store, online or via their app. The retailer offers gold bullion bars, 1-ounce bars and coins in different designs. As of February 2025, Costco offers the following gold products:

  • 1 oz. gold bar PAMP Suisse Lady Fortuna Veriscan
  • 1 oz. gold bar Rand Refinery (online only)
  • 2025 1 oz. American Buffalo gold coin
  • 1 oz. gold bar PAMP / Newmont Lady of Liberty (online only)
  • 100-gram gold bar Rand Refinery

Costco’s selection comes from authorized dealers and reputable mints. However, as Costco members are accustomed to, offerings and availability may change.

Costco marks up its cost for gold by roughly 2%. Markup is common practice among gold dealers and retailers, and 2% is on the low end of industry standards.

Source – CBS News

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Australia and New Zealand Banking Group Limited raise gold forecast

ByVictoria
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ANZ raised its zero to 3-month gold price forecast to $3,100 per ounce and 6-month forecast to $3,200 per ounce, according to a research note on Tuesday.

For gold “we maintain our bullish view, amid strong tailwinds from escalating geopolitical and trade tensions, easing monetary policy, and strong central bank buying,” the bank said.

Source – Reuters

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