Perth Mint launches first government-backed gold ETF

Section:

By Luzi-Ann Javier
Bloomberg News
Wednesday, August 15, 2018

Will a government guarantee for an exchange-traded fund be enough to lure investors back to gold?

On Wednesday, Australia’s Perth Mint Physical Gold ETF, the first with bullion holdings guaranteed by a sovereign entity, will start trading on the New York Stock Exchange. The fund, backed by physical metal of at least 99.5 percent purity, debuts at a time when investors are fleeing the asset class, taking holdings in all ETFs tracked by Bloomberg to a seven-month low. ...

The ETF allows holders to exchange their shares for gold. Investors can get the physical metal delivered to their doorstep by Perth Mint, which refines and manufactures precious metals product.

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-08-15/perth-mint-tests-u-s-...


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Juggernaut Commences Inaugural Drill Campaign on Its Midas Property

Company Announcement
via Globe Newswire
Tuesday, August 7, 2018

Juggernaut Exploration Ltd. (JUGR.V) reports that it has commenced diamond drilling with the addition of a second rig for the Midas property located near Terrace, British Columbia, Canada. The IP geophysical program on its Midas property is also underway.

Based on new exploration results Juggernaut is ramping up the drilling with the construction of up to 20 pads across both properties targeting multiple new discovery zones with up to three or more holes per pad. ...

Dan Stuart, director, president, and CEO of Juggernaut, says: "The 2018 program is off to a great start and has already exceeded our expectations with multiple new mineralized zones being discovered so early on, further demonstrating the enormous untapped potential of both the Empire and Midas properties. Both properties are 100-percent controlled and located in a world-class geological setting in close proximity to infrastructure. We look forward to reporting drill results once assays have been received, complied, and interpreted." ...

For the remainder of the announcement:

https://globenewswire.com/news-release/2018/08/07/1547980/0/en/Juggernau...



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