Illegal mining in South Africa is on the increase in the face of deteriorating economic situation in that mineral-rich country, according to reliable sources..
The updated definitive feasibility study for Victoria Gold's 100%-owned Eagle heap leach project reflects improved economics for the mine, prompting five analysts to applaud the company's investment and takeover potential.
"Over the past three years we have demonstrated the potential of a largely unrecognized wedge of Quesnel Terrane by completing the first recorded work program in 2013, and subsequently advancing the project to a regionally important copper-gold target."
The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent.
US markets are a bit of a mess right now. On Friday the S&P lost 53 points or 2.4%. Monday they regained half that ground but Tuesday saw another slide. The Dow made similar moves.