Core Viewpoint - Tether Holdings SA has emerged as a significant player in the global gold market, accumulating a substantial gold reserve and positioning itself similarly to a central bank in its gold strategy [2][4][19]. Group 1: Tether's Gold Accumulation - Tether has rapidly increased its gold purchases, acquiring over 70 tons in the past year, making it one of the largest buyers in the market, second only to Poland's central bank [6][12]. - The company currently holds approximately 140 tons of gold, valued at around $23 billion, which is the largest known hoard outside of central banks and major financial institutions [7][11]. - Tether's buying rate is about one to two tons per week, with plans to continue this pace for the foreseeable future [8][9]. Group 2: Market Impact and Strategy - Tether's purchases have likely contributed to gold's 65% price rally last year, indicating its influence on global gold prices [11][12]. - The company aims to compete with major banks in gold trading, seeking to establish a robust trading floor for gold to capitalize on market inefficiencies [14][15]. - Tether is also exploring investments in royalty companies related to gold mining, further diversifying its exposure to the gold market [17][18]. Group 3: Future Outlook and Products - Tether is developing a gold-backed token, Tether Gold (XAUT), which has already issued tokens equivalent to about 16 tons of gold, with expectations of significant market circulation growth [23][24]. - The company anticipates that XAUT could require additional gold purchases, potentially exceeding one ton per week, to meet demand [24]. - Tether's strategy reflects a broader trend of increasing interest in gold as a hedge against currency debasement, particularly among emerging market users of its dollar stablecoin [19][25].

Zimbabwe’s annual inflation rate fell to single digits for the first time since 1997, a development authorities say is essential to adopting the gold-backed ZiG as the country’s sole currency by 2030 https://t.co/AGKoOyNZFw ...

Core Viewpoint - Blue Gold has secured $140 million in committed funding to restart the Bogoso and Prestea gold mine in Ghana, contingent on resolving a lease dispute with the government [1][2]. Funding Details - The funding includes a new $65 million secured loan and a previously announced $75 million equity line of credit that remains undrawn [1]. - The $65 million loan is provided by a new institutional investor and is specifically structured to finance the mine's restart [2]. Legal and Operational Context - The funds are currently held in escrow pending the resolution of the lease dispute with the Government of Ghana [2]. - Blue Gold is willing to drop litigation against the government if the lease issue is resolved promptly [2]. - The company is currently involved in international arbitration regarding the legality of the government's termination of the mining lease [3]. Strategic Initiatives - The operation of the Bogoso and Prestea mine aligns with Blue Gold's strategy to tokenize its gold production to create a global, gold-backed currency [4]. - The company is preparing to launch this initiative through its recently established digital division [4]. Company Focus - Blue Gold is focused on acquiring and consolidating high-potential mining assets in key jurisdictions worldwide [5].

Core Viewpoint - Blue Gold Limited has secured an additional $65 million in funding to restart the Bogoso and Prestea gold mine in Ghana, increasing the total committed capital to $140 million [1][7]. Funding Details - The new funding is structured as a secured loan from a new institutional investor, specifically for the restart of the 5.1 million ounce Bogoso and Prestea gold mine [2]. - The funds are currently held in escrow and are contingent upon resolving a lease dispute with the Government of Ghana [2]. Company Strategy and Operations - The CEO of Blue Gold Limited, Andrew Cavaghan, emphasized the company's capability to restart the mine and bring it back into full production [3]. - The company is involved in international arbitration regarding the legality of the previous Ghana administration's actions that hindered investment in the mine [3]. - Operating the Bogoso and Prestea mine aligns with Blue Gold's strategy to tokenize its gold production, aiming to launch the world's first global gold-backed currency through its Digital Division [3][7]. Company Overview - Blue Gold Limited is focused on acquiring high-potential mining assets globally and aims to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [4]. - The company prioritizes growth, sustainable development, and transparency in its business practices, aiming to minimize its environmental footprint while creating shareholder value [5].

Core Viewpoint - Blue Gold Limited has secured an additional $65 million in funding to restart the Bogoso and Prestea gold mine in Ghana, increasing total committed capital to $140 million [1][7]. Funding Details - The new funding is structured as a secured loan from a new institutional investor, specifically for the restart of the 5.1 million ounce Bogoso and Prestea gold mine [2]. - The funds are currently held in escrow and are contingent upon resolving a lease dispute with the Government of Ghana [2]. Company Strategy and Operations - The CEO of Blue Gold Limited expressed confidence in the company's ability to restart the mine and bring it back into full production [3]. - The company is prepared to drop litigation with the Government of Ghana if the lease dispute is resolved quickly [7]. - Operating the Bogoso and Prestea mine aligns with the company's strategy to tokenize its gold production, aiming to launch the world's first global gold-backed currency through its Digital Division [3][7]. Company Overview - Blue Gold Limited focuses on acquiring high-potential mining assets and aims to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [4]. - The company emphasizes responsible development, operational transparency, and sustainable practices in its business operations [5].

Zimbabwe has no new plan to extend use of the dollar beyond 2030, when the nation is expected to fully switch to using its gold-backed currency as sole legal tender https://t.co/F7KeitRuWY ...

Currency Policy - Zimbabwe's gold-backed currency is slated to become the sole legal tender by 2030 [1]

Currency Policy - Zimbabwe's central bank has goals to achieve before adopting ZiG as the sole currency [1]

Currency Performance - Zimbabwe's gold-backed currency, ZiG, recorded its largest single-day gain against the US dollar this year [1]