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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Post by michaelstlon Sep 04, 2020 7:42pm
145 Views
Post# 31514558

Low Interest Rates for Years

Low Interest Rates for Years

Fed Chair Powell: jobs report 'good,' low rates to stay

Kitco News

(Reuters) - Federal Reserve Chair Jerome Powell on Friday said the U.S. jobs report for August was “a good one,” but signaled the central bank will keep monetary policy ultra-accommodative for years to support recovery from the coronavirus crisis and recession.

“I would say today’s jobs report was a good one,” Powell told National Public Radio in an interview. But, he also said, it will get harder from here.

“We think that the economy’s going to need low interest rates, which support economic activity, for an extended period of time,” Powell said. “It will be measured in years.”

The unemployment rate in August fell to 8.4% from 10.2% in July, and U.S. employers added 1.37 million jobs. But the total number of people employed nationwide has only recovered about half its losses since the crisis, leaving millions still out of work.

The Fed slashed rates to near zero in March and has rolled out a raft of lending programs to support businesses and households; it is also buying tens of billions of bonds monthly to keep markets functioning smoothly.

Under a new framework adopted last week, the Fed signaled it would not raise interest rates just because the labor market is improving, as Powell suggested in the interview it will continue to do. It also pledged to aim for inflation to rise moderately above 2% to make up for periods, like the current one, where it is lagging.

Reporting by Shubham Kalia in Bengaluru; Editing by Sandra Maler


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