MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

CP: Sutter Gold to proceed with California project after positive assessment

Sutter Gold Mining Inc. (TSXV:SGM) said Wednesday it will go ahead with mine and mill construction at the company's Lincoln gold project in California, according to a report by Canadian Press: The decision follows completion of an independent preliminary economic assessment that indicated "positive economics" for the project near Sutter Creek, Calif., using a base gold price of US$1,100 an ounce. The project will be financed through a $20 million prepaid gold facility from RMB Australia Holdings. Sutter has agreed to deliver a total of 53,027 ounces to RMB, at a price of approximately $950/oz.

Imperial Systems, Inc. has improved the HD pneumatic slide gates design

Imperial Systems, Inc. recently announced that their Heavy Duty Pneumatic Slide Gates are engineered stronger and better. Heavy Duty Pneumatic Slide Gates are used to control air flow and conserve energy. These gates deliver a positive shut-off to service machinery or to divert air. It operates using a compressed air cylinder. Innovative safety guards reduce the risk of injury.
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Gold price steadies as inflation revives higher-rate bets

Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.