By Wojciech Moskwa
Bloomberg News
via The Print, New Delhi
The National Bank of Poland approved a plan to buy as much as 150 tons of gold, which would increase the country's holdings to 700 tons, the central bank said today.
"This will place Poland among the elite 10 countries with the largest gold reserves in the world," according to a statement from the bank.
... Dispatch continues below ...
... ADVERTISEMENT ...
Power Metallic Reports Lion Zone Recoveries of 98.9% Copper,
93.9% Palladium, 96.8% Platinum, 85% Gold, and 88.9% Silver
Company Announcement
via Pro.CEO.CA
Monday, January 19, 2026
TORONTO -- Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) provides preliminary metallurgical results performed by SGS Canada Ltd1 at its laboratories based in Quebec City, Quebec, and Lakefield, Ontario, from representative samples of Lion Zone mineralization.
An initial Lock Cycle Test returned a sulphide concentrate grading 25.8% copper containing very high metal recoveries of copper (98.9%), palladium (93.9%), platinum (96.8%), gold (85.0%), and silver (88.9%), exceeding Power Metallic's most optimistic estimates for recovery prior to this test work.
As previously reported, the copper mineralization at Lion is contained within coarse grained chalcopyrite and cubanite and copper was expected to respond well to conventional sulphide concentration methods. These initial metallurgical tests were designed to determine the recovery potential of the platinum group metals, gold, silver, and nickel. ...
... For the remainder of the announcement:
https://pro.ceo.ca/@newswire/power-metallic-reports-lion-zone-recoveries-of-989 [2]
Governor Adam Glapinski last week announced that he wants the central bank's management board to raise the ceiling for gold holdings to 700 tons from 550 tons it held as of Dec. 31.
Until now the bank could allocate as much as 30% of its overall reserve assets to bullion. He said there's no set date to reach the new target.
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