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Idaho gold mine wins federal approval despite objection

ByVictoria

A contested mine in Central Idaho that will produce gold and antimony earned the U.S. Forest Service’s final approval following a lengthy environmental review and objections from the Nez Perce Tribe, which will lose access for decades to federal lands guaranteed by a U.S. treaty.

“This approval elevates the Stibnite Gold Project to an elite class of projects in America that have cleared NEPA,” Jon Cherry, Pepetua’s president and CEO, said in a statement.

“The tribe’s treaties with the United States are the supreme law of the land and remain binding,”

Source – Idaho Statesman

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    American Liberty gold coin and silver medal 2025

    ByVictoria
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    The limited-edition Proof 2025-W American Liberty High Relief .9999 fine 1-ounce gold $100 coin and 1-ounce .999 fine silver medal feature a sunflower and are scheduled to go on sale from the United States Mint at noon Eastern Time Aug. 21.

    The Mint will announce pricing for the American Liberty gold coin closer to the release date. The American Liberty silver medal is listed at $97 each. Mint officials have not yet disclosed its authorization of maximum mintages for either piece.

    Source – Coin World

  • US Treasury yields down

    ByVictoria
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    Investors are expecting a packed week of economic data starting with the Chicago Fed National Activity Index for January out on Monday at 8:30 a.m. ET. This will be followed by the Dallas Fed Manufacturing Index at 10:30 a.m.

    The most anticipated data for the week will be the personal consumption expenditure index, which will be delivered on Friday at 8:30 a.m. ET. The Federal Reserve’s preferred inflation gauge heavily influences the Fed’s rate-cutting decisions.

    Source – CNBC

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    Freeport – McMoRan Inc is developing new technology

    ByVictoria
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    After 154 years of digging at Morenci, all the easily recoverable copper has been mined. Left behind are towering piles of waste rock that hold nearly 10 million tons of the metal seen as critical to global electrification. It’s a cache that could prove key to President Donald Trump’s ambition to boost US production of critical minerals.

    Freeport-McMoRan Inc., which owns Morenci, is trying to develop technology that can burrow within those gigantic waste piles and extract low-grade copper that miners previously saw as too expensive and difficult to process.

    “For a long time, we just didn’t think it was possible to recover any of this stuff,” said Robert Pollock, Morenci’s site manager, gazing up at a waste pile the size of a Manhattan office building. “But now, all this historical copper – we’re going after it.”

    Source – Bloomberg

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    Opinion piece, Gold impacted by panic buying

    ByVictoria
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    Some finance experts in Simpsonville said they’ve seen a surge in people investing in gold. They said it follows fears over the economy slowing. 

    Co-owner of JEHM Wealth and Retirement Eric Lahaie told 7NEWS the value of gold has increased by more than 30 percent in the last six months. He emphasized that it is largely because of panic buying.

    “The appreciation is all that you’re going to get out of it. It doesn’t produce a dividend. It doesn’t generate interest like a stock, or a bond will do. So, you don’t get that advantage. And then, as I said earlier, it kind of moves in big jumps, and then flattens out for a long time,” said Lahaie. 

    “If you buy it in a brokerage account, when you sell gold, your gains are taxed at your ordinary income up to 28 percent,” Lahaie also said. “Versus, if you sell stock, as long-term capital gain, you’re going to be taxed somewhere between 15 and 20 percent on the high end. So, that’s kind of a disadvantage for gold.” 

    Source – KOLR Springfield

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    Freeport McMoRan may get approval from Indonesian government

    ByVictoria
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    Indonesia’s government may allow Freeport McMoRan (NYSE:FCX) to export ~1M tons of copper concentrate, Energy and Mineral Resources Minister Bahlil Lahadalia said Friday.

    Freeport Indonesia (FCX) has been seeking permission to export copper concentrate after it was forced to stop copper cathode production at its new smelter in Gresik after a fire broke out at its gas cleaning unit in October.

    Source – Seeking Alpha