By Dean Beeby
Canadian Broadcasting Corp. News, Toronto
Saturday, February 25, 2017

The Royal Canadian Mint simply isn’t making the money it made use of to.

Earnings is down greatly, tasks have actually been chopped, spirits is in the tank, as well as previously effective lines of company are being closed down– also as the mint spends millions of dollars on brand-new executive offices.

As soon as a golden goose, the mint– which in fact lost money in 2015– is struggling financially.

Most recent figures for the third-quarter of 2016 show that profits were down by $ 208 million, or about 27 percent, and revenues were down by $ 6.5 million, or 61 percent.

The weak financials imply the mint’s 1,200 employees most likely will not get their general annual bonus offer, which is based on conference corporate revenue targets. In April 2016 each worker took residence a standard of $ 8,204 in benefits. …

… For the remainder of the record: … AD K92 Mining Drills Multiple High-Grade Gold Intersections

Firm News Friday, January 27, 2017 K92 Mining Inc.(TSXV– KNT) reveals the most up to date outcomes from the recurring quality control drilling program at its high-grade Kainantu

Gold Mine in Papua New Guinea. K92 is ramping up the Kainantu gold mine toward business production, with its lengthiest continuous manufacturing run to day currently commenced. In September 2016 K92 started a campaign of close-spaced below ground ruby exploration as part of an extensive grade-control method. The existing grade-control

exploration program is concentrated on the areas of Irumafimpa and is developed to bring a high degree of self-confidence to the manufacturing planning and organizing. K92 strategies to mine this location in the coming 6 months. The closed-space drilling pattern of roughly 15 metres by 15 meters has actually significantly enhanced the self-confidence in this sparsely pierced area, with many openings recording top-quality intersections. Around 80 percent of the holes finished to this day have recorded multiple state-of-the-art junctions suggesting the presence of multiple parallel to below parallel high-grade blood vessels. … … For the remainder of the announcement: … Join GATA here: Mining Financial investment Asia Tuesday-Friday, March 28-31, 2017 Marina Bay Sands, Singapore Mines as well as Cash

Asia Wednesday-Friday, April 5-7, 2017 Hong Kong Convention as well as Exhibition Centre * * * Help maintain GATA going:
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adjustment of the gold market

GoldUSD 1,334.70   per Ounce
SilverUSD 17.13   per Ounce
PlatinumUSD 998.90   per Ounce

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