The Nugget

Can you guess what the new price of a gold bar is?

Written by Prospector | Aug 28, 2024 12:00:00 PM

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CEO Emily King was in Guyana last week kicking off an exciting project! The Prospector team is excited to utilize our technology to sort through the country’s historical data and build a digital data platform to support the Government’s efforts to explore for gold and critical minerals. Be sure to follow us on social media to stay updated with this great project.

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📰  In The News

Value Of Gold Bar Hits $1 Million For First Time Ever

  • A single 400-ounce gold bar is now worth $1 million for the first time ever, due to gold prices surpassing $2,500 per troy ounce.
  • Spot gold recently hit a record high of $2,563 per ounce, driven by factors like geopolitical risks, inflation hedging, and interest rate outlooks.
  • JPMorgan predicts that gold prices will average $2,600 per ounce by the end of 2025.

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Botswana Diamond Could Be Second-Largest Gem-Quality Example Ever Found

  • A 2,492-carat diamond discovered in Botswana by Lucara Diamond Corp could be the second-largest gem-quality diamond ever found.
  • Lucara's Karowe diamond mine has a history of producing large stones, including the 1,758-carat Sewelo diamond and the 1,111-carat Lesedi La Rona diamond.
  • Botswana's government announced that this diamond is the largest ever found in the country, with President Mokgweetsi Masisi set to view it before its public unveiling.

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Asteroid Miner AstroForge Readies Third Mission For 2025

  • AstroForge, a US-based startup aiming to mine asteroids, has raised $40 million for its third mission in 2025, which will be part of the Intuitive Machines' IM-3 moon mission.
  • The company is preparing two missions, Odin and Vestri, with the latter set to dock with a metallic near-Earth asteroid, marking a potential milestone for commercial space exploration.
  • AstroForge has raised $55 million to date and plans to extract and refine asteroid metals, potentially establishing a new supply chain of raw materials for Earth.

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