Hot News in this Week
Aug 8, 2025
In a move that could disrupt global bullion flows and deal a major blow to Switzerland's gold trade, the United States has imposed tariffs on imports of one-kilogram and 100-ounce gold bars. According to estimates from the Financial Times, roughly $24 billion worth of gold shipments from Switzerland to the US could now incur tariffs under the new tariff rate, with some Swiss refineries suspending or reducing shipments to the US while seeking legal clarity on product classifications. The decision comes amid heightened trade tensions between Bern and Washington, as the US recently slapped a 39% import tariff on Switzerland.
Source: www.mining.com
Desert Gold Ventures (DAU) is proposing a modest gold mining project in Mali compared to its peers, with an estimated cost of $15 million to start mining part of the resource and potential for significant growth over time. The company's SMSZ project could produce 220,000 tonnes per year over more than a 17-year life at all-in sustaining costs of $1,352 per ounce, with total payable production of 97,600 ounces. Despite political risks in the region, Desert Gold has not been affected and intends to move forward with the project, playing the long game and waiting for better times ahead.
Source: www.mining.com
Kingfisher Metals has provided an update on its drilling campaign at the HWY 37 Project in British Columbia's Golden Triangle, with notable results from the Williams area, including the expansion of a mineralized zone to a vertical depth of 680 meters and ongoing drilling at other targets.
Source: www.miningfeeds.com
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