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New Wyoming currency, the Goldback, is printed with actual gold
By Kevin Killough
Cowboy State Daily, Cheyenne, Wyoming
Monday, September 26, 2022
A private currency company is hoping its new Wyoming currency has the Midas touch for users.
Utah-based Goldback Inc. has released a Wyoming Series of its Goldback bills printed with physical gold in the currency, which the company says makes its value more stable than the U.S. dollar.
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Guanajuato Silver Production Up 85% from July to August
Company Announcement
Tuesday, October 4, 2022
VANCOUVER, British Columbia, Canada – Guanajuato Silver Co. Ltd. (TSXV:GSVR; OTCQX:GSVRF) is pleased to provide an operations update highlighting the impact of additional production from the company's recently acquired Topia and San Ignacio mines:
-- 267,525 ounces of silver equivalent (AgEq) produced in August 2022; up 122,864 AgEq ounces or 85% from July, which only included production from El Cubo.
-- Cash costs per AgEq ounce continue to decline at El Cubo with July costs declining to $12.85; costs also remain in-line with expectations Companywide at $15.09 in August.
-- Silver and gold recoveries for August were 88.9% and 85.6% respectively.
The company anticipates ending the year at a run rate of approximately 3.4M AgEq ounces per annum.
James Anderson, chairman and CEO said: "Within one week of closing our latest Mexican mines acquisition we had initiated mining of silver-rich material from San Ignacio and began transporting this material to El Cubo for processing. This rapid restart again highlights our team's ability to swiftly and successfully restart mines and move them toward full production. In addition, production of silver-lead-zinc concentrates from our Topia mine in the Durango state continued uninterrupted through our integration process. Rrefinements at both the Topia mine and plant have been initiated with planned improvements expected in the months ahead." ...
... For the remainder of the announcement:
https://www.gsilver.com/news/2022c/821-guanajuato-silver-production-increases-85-from-july-to-august
Nearly 40 Cowboy State businesses are featured on the company's website as expressing interest in accepting Wyoming Goldbacks.
Trying to make purchases with actual gold runs into a few impracticalities. If you plopped down an ounce of gold to buy groceries -- putting aside the fact that businesses don’t accept gold as payment -- that ounce of gold is worth nearly $2,000. Shaving that down to pay for $100 worth of groceries isn’t easy. ...
In spring 2019, Jeremy Cordon, president and founder of Goldbacks Inc., began working on a way that small consumer purchases could be made with physical gold.
Buying a pack of gum could cost a couple bucks. In physical gold, that's about a sixth the size of a BB from a BB gun.
"No one could ever weigh it. No one can ever verify its purity," he said. "So in raw gold form, you can't circulate it because it just doesn't make sense."
That’s where the Goldback comes in. Goldbacks are bills you can put into your wallet. The bill with the least amount of gold contains 1/1,000th of an ounce, but they also come with larger amounts of gold. The bill has a layer of polymer with all the artwork on it, as well as six anti-counterfeiting measures, Mills said.
The gold is atomized and layered onto the polymer "literally atom by atom," Mills said. ...
For the remainder of the report:
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