|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
New Royal Canadian Mint coin made with gold sourced from Detour Lake mine
Sep 25, 2024 at 06:06 pm
The maple leaf bullion coin is only the third single-sourced gold coin ever from the Royal Canadian Mint.
A new Royal Canadian Mint coin features gold sourced entirely from a mine in northeastern Ontario.
The maple leaf bullion coin is only the third single-sourced gold coin ever from the mint.
It features an effigy of King Charles III by artist Steven Rosati on one side and a maple leaf on the other.
While the coin is a $50 denomination, because it's an ounce of almost pure gold, its actual value is closer to $3,500.
The gold was sourced from Agnico Eagle's Detour Lake mine, north of Cochrane, Ont.
The mint says it started its program for special edition single-sourced coins in 2022.
The program was in response to market demand and to show greater transparency in the origin of precious metals.
Andre Leite, Agnico Eagle's vice-president of Ontario operations, says he's proud to have the mine's gold featured in the new coin.
"It gives us the opportunity to showcase to and communicate to a broader audience about our business here," he said.
Leite says he plans to purchase three of the coins – one for each of his children.
"I would say it's an investment," he said. "I personally hold some gold and I think that, in my opinion, it is a good investment."
He adds that a lot of employees at the mine have also shown an interest in purchasing some of the coins.
Leite says the company also plans to grow its gold production in Ontario by 50 per cent in the next six to seven years.
Those plans include an underground expansion at the Detour Lake mine, which is currently an open pit. There are also plans to develop what the company calls the Upper Beaver project, which is a gold deposit near Kirkland Lake, Ont.
With the underground expansion, Detour Lake says it will produce around 1 million ounces of gold a year.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Community Members Share Concerns About Its Future, From Quantum Computing to Centralization
- Sep 26, 2024 at 12:30 am
- Bitcoin BTC $63,603 has achieved significant success since its inception, but some within the community remain concerned about its future.
-
- Claim Your $BLUE Airdrop Before It Disappears!
- Sep 26, 2024 at 12:30 am
- $BLUE Program Airdrop Eligibility LITECOIN Maniac Follow -- Listen Share 🔸Token Airdrop: BlueFin 🔸Duration: 4 min 🔸Investment: 0 🔸Anticipated Earnings:
-
- Cutoshi: The Meme Coin With 100x Potential That's Charging Headfirst Into the $45B Meme Coin Market
- Sep 26, 2024 at 12:30 am
- If you're looking for a meme coin with serious growth potential, Cutoshi is where the fun of the $45 billion meme coin market collides with the high-growth potential of DeFi tokens like FTM.
-
- Bitcoin-Backed Stablecoin USDh Launches on Stacks L2, Offering New DeFi Options
- Sep 26, 2024 at 12:25 am
- Hermetica has expanded its Bitcoin-backed stablecoin, USDh, to the Stacks (STX) Layer 2 network, marking a significant step for Bitcoin-based decentralized
-
- Bitcoin (BTC) Market in a Prolonged Consolidation Phase, New Investors Show Resilience
- Sep 26, 2024 at 12:25 am
- In the current context of the cryptocurrency market, Bitcoin has managed to regain its cost basis for short-term holders
-
- EOS Network Completes Landmark Spring 1.0 Upgrade, Ushering in the Savanna Consensus Algorithm and 1-Second Transaction Finality
- Sep 26, 2024 at 12:25 am
- The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3
-
- IntelMarkets (INTL): Utility Over Hype
- Sep 26, 2024 at 12:25 am
- The AI-DeFi protocol IntelMarkets (INTL) has been hailed as the best new crypto to invest in for several reasons.
-
- DTX Exchange (DTX): A Novel Exchange-Based Token Set to Challenge the Dominance of Solana (SOL) and Render (RNDR)
- Sep 26, 2024 at 12:25 am
- As the year's final quarter approaches, investors are on the lookout for the next big thing, with DTX Exchange (DTX) stealing the spotlight.
-
- BlackRock Executive Talks About Fundamentals of Bitcoin
- Sep 26, 2024 at 12:25 am
- Risk-off assets like gold and government bonds are favored in uncertain times, providing a safe harbor when the economic forecast looks grim.