Perth Mint Gold stock
Source – Reuters
Similar Posts
Gold down 1.2%
Spot gold was down 1.2% at $2,882.49 an ounce as of 09:42 a.m. ET (1442 GMT), after hitting its lowest level since February 12 earlier in the session. Prices hit a record high of $2,956.15 on Monday, driven by safe-haven flows.
“The direction of gold is very evident, and these short-term bumps and some profit taking is just a normal part of the cycle,” said Alex Ebkarian, chief operating officer at Allegiance Gold.
Spot silver retreated 0.5% to $31.67 an ounce, platinum fell 0.9% to $957.10 and palladium dropped 0.9% to $917.96.
Source – Reuters
Riversgold secures 80% stake in Kalgoorlie Gold Project
Riversgold Ltd has exercised its option to acquire an 80% interest in the Kalgoorlie Gold Project’s Northern Zone in Western Australia after meeting the required A$600,000 minimum exploration expenditure.
Exploration efforts have identified a significant blind porphyry gold system, with widths of up to 600 metres and mineralisation extending beyond 400 metres in depth.
Source – Proactive Investors
25th anniversary Sacagawea dollar
Proposed designs for a half-ounce .9999 fine gold Sacagawea dollar to be issued in 2025 by the United States Mint, to recognize the 25th anniversary of the 2000 release into circulation of the manganese-brass clad Sacagawea dollar, were reviewed and recommended Feb. 18 by the Citizens Coinage Advisory Committee.
The U.S. Mint is preparing to strike the coins with a W Mint mark at the West Point Mint.
Source – Coin World
Global silver market under stress
A surge in rates to borrow the precious metal has become the latest sign of alarm, with anxiety building over the impact of further tariffs from US President Donald Trump. That’s sparked a dash to ship silver into the US in a bid to capture premium prices in New York, possibly causing a squeeze in London.
“Should the long-fabled ‘silver squeeze’ materialize, this slower tradeflow will be a key contributor to prolonging” any potential disruption BMO Capital Markets analyst George Heppel said in a note. That’s because it would take time for silver stockpiles to flow from the US back to London, he said.
Source – Mining Weekly
Copper from Codelco jumped 17% in November
Copper production from Chile’s state-run miner Codelco, the world’s largest producer of the metal, jumped nearly 17% in November, helping to boost overall output of the metal in the mineral-rich nation by some 10%, data from copper commission Cochilco showed on Friday.
Taking Friday’s results into account, Chile’s total production in November was up 9.8% to 486,200 tons, Cochilco said.
Source – Mining.com
Gold attracts record 4-week inflows
Gold saw record investor inflows over the past four weeks, with investors scrambling for safe havens as the Trump administration’s tariff policies threatened to reorder global trade alliances.
Investors poured another $1 billion into gold in the past week, pushing four-week inflows to a record $9.9 billion, according to BofA Global.
Source – Market Watch