RE:Sabre Gold GM Talks About Preparations to ReOpen Copperstone "... VP General Manager Sid Tolbert recently spoke to Global Stocks News’ CEO Guy Bennett about SGLD’s plans to re-start the Copperstone Gold Mine in Arizona...."
".... Sabre Gold holds 100% interest in two near-term North American gold producers: the fully permitted Copperstone gold mine located in Arizona, USA, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers.
Management intends to restart production at Copperstone followed by Brewery Creek in the near term.
In the following video, VP General Manager Sid Tolbert talks with GSN’s Guy Bennett about current operations at the Copperstone Gold Project in Arizona...."
https://www.thenewswire.com/press-releases/1AwGFo4bJ-sabre-gold-sgldv-gm-talks-about-preparations-to-re-open-arizona-gold-mine.html
"... Gold inched higher on Monday, buoyed by a slight dip in the dollar and lower bond yields with investors expecting the Federal Reserve to raise benchmark interest rate by 75 basis points later this week.
Spot gold was up 0.1% at $1,728.89 per ounce by 1150 GMT. U.S. gold futures eased 0.1% to $1,726.50. The dollar index edged 0.4% lower, making greenback-priced bullion less expensive for overseas buyers.
Gold is finding support from the weakness in the dollar and global bond yields as worries about the global economy have replaced inflation fears, said Fawad Razaqzada, market analyst at City Index.
The Fed is expected to opt for another 75-basis-point hike when it meets this week, rather than a larger move to quell stubbornly high inflation as the likelihood of a recession over the next year rises to 40%, a Reuters poll found. Last month's 75 bps hike was the first of that size since 1994.
"As long as the Fed can persist with its 'pedal to the metal' approach in combating multi-decade high inflation, gold prices are set to have scarce prospects for significant upside," said Han Tan, chief market analyst at Exinity.
https://www.kitco.com/news/2022-07-25/PRECIOUS-Gold-ticks-up-as-dollar-eases-Fed-move-in-focus.html