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Playboy moving its headquarters to Miami Beach and opening a new club

MIAMI BEACH, Fla. — Playboy plans to relocate its global headquarters from Los Angeles to Miami Beach and open a Playboy club there.

The Miami Beach headquarters at the top of a luxury office building will include studios to support Playboy’s “growing creator network” and the club will have a restaurant as well as a members-only section inspired by the Playboy Mansion in Los Angeles, the company said Thursday in a statement.

“Miami Beach is among the most dynamic and culturally influential cities in the country, making it the ideal home for Playboy’s next chapter,” Ben Kohn, CEO of Playboy Inc., said in the statement.

The first Playboy Magazine was published in 1953, featuring Marilyn Monroe on the cover and in a “Sweetheart of the Month” color nude photo inside.

The first Playboy Club opened in 1960 in Chicago, which was the headquarters of the company at the time, and the company opened up clubs around the world.

In 2020, Playboy ceased publishing its monthly print magazine, sticking instead with online content.

This post appeared first on NBC NEWS

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Explaining NCAA’s show-cause order sanctions against Michigan

  • The NCAA is handing out four different show-cause orders to the four people most involved in the Michigan football team’s sign-stealing scandal in 2023.
  • The show-cause orders are against former Wolverines Connor Stalions, Jim Harbaugh, Denard Robinson and current head coach Sherrone Moore.
  • A program seeking to hire someone with an active show-cause would have to appear before the NCAA’s committee on infractions and make a strong case why it specifically wants to hire the person.

The NCAA announced Friday it was handing out four different show-cause orders to the four people most involved in the University of Michigan football team’s sign-stealing scandal in 2023.

But what is a show-cause order? And who is it affecting?

The NCAA’s announcement on Aug. 15 of sanctions against the Michigan program included penalties for four people associated with the scandal: Connor Stalions, the former Michigan defensive analyst who orchestrated much of the illicit ‘off-campus, in-person scouting scheme;’ Jim Harbaugh, former Michigan head coach and current Los Angeles Chargers head coach; Denard Robinson, former assistant director of player personnel for Michigan; and Sherrone Moore, Michigan’s active head coach.

Here’s what to know about the show-cause orders imposed on each of them:

Who was penalized by the NCAA for Michigan’s sign-stealing scandal?

The NCAA announced its sanctions for Michigan’s illicit activities in the 2023 season on Friday.

Here are the four active or former personnel members of the Michigan football program hit with sanctions for their involvement in the Wolverines’ sign-stealing scandal and what their penalties are, per the NCAA:

  • Former defensive analyst Connor Stalions: Eight-year show-cause order
  • Former head coach Jim Harbaugh: 10-year show-cause order, which begins Aug. 7, 2028 after the conclusion of a current, four-year show-cause order from a previous rules violation.
  • Former assistant director of player personnel Denard Robinson: Three-year show-cause order
  • Current head coach Sherrone Moore: Two-year show-cause order, plus a three-game ban. Michigan self-imposed a two-game ban for Moore during the 2025 season, which he will serve in Weeks 3 and 4 (vs. Central Michigan, at Nebraska) this year. The NCAA also imposed its own one-game ban for the Wolverines’ first game in the 2026 season (vs. Western Michigan in Germany).

All three former members of Michigan’s football program are not currently employed by a college football program and are restricted ‘from all athletically related activities during the show-cause period.’

Moore, who is Michigan’s active head coach, did not receive the same prohibitions.

The football program as a whole also received its own list of penalties. They include four years’ probation, a ‘multimillion-dollar fine’ and certain prohibitions on recruitment: ‘a 25% reduction in football official visits during the 2025-26 season’ and ‘a 14-week prohibition on recruiting communications in the football program during the probation period.’

What is a show-cause order?

A show-cause order is essentially a college football-wide ban on hiring a person to join their coaching staff.

If Michigan or any other college football program wanted to hire Stalions, Harbaugh, Robinson or Moore (or any other person with an active show-cause), it would have to appear before the NCAA’s committee on infractions and make a strong case for why it specifically wants to hire one of them.

The name ‘show cause’ comes from the case that the prospective employer must make to the NCAA, showing cause for why previous infractions will not happen again if a previous offender is hired at a new program.

Show-cause orders are a somewhat common penalty imposed on coaches or other personnel found to have violated major rules.

Other recent/active show-cause orders in college athletics

Here are a few other examples of recent or active show-cause orders in college sports:

  • Kelvin Sampson, 2008: The former Indiana head basketball coach and current Houston head coach received a five-year show-cause for NCAA violations during his time at Indiana, including impermissible calls to recruits.
  • Bruce Pearl, 2011: The former Tennessee head basketball coach and current head coach at Auburn received a three-year show-cause for lying to the NCAA about hosting a recruit during a cookout at his home.
  • Jim Tressel, 2011: The former Ohio State head coach received a five-year show-cause for failing to report NCAA violations involving his team’s players.
  • Jeremy Pruitt, 2023: The former Tennessee head football coach received a six-year show-cause for providing impermissible benefits to recruits during his time coaching the Volunteers. Pruitt’s show-cause is still active and runs through July 13, 2029.
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Sherrone Moore suspension: How many games has Michigan coach missed?

Potentially the final chapter of the Michigan football sign-stealing saga came and went on Friday, Aug. 15, when the NCAA handed the Wolverines a long list of punishments.

Those punishments included another suspension for coach Sherrone Moore.

Moore, who’s in his second season as Michigan’s head coach after being promoted from offensive coordinator following Jim Harbaugh’s exit to coach the NFL’s Los Angeles Chargers, is set to miss three more games over the next two years. That’s after being suspended in 2023 for a different infraction in the Harbaugh Era at Michigan.

Moore is set to miss two games in 2025, with the NCAA adding an additional one-game suspension for the 2026 season. Those games are to be served against Central Michigan, Nebraska, and Western Michigan.

Michigan is certainly more willing for Moore to serve multiple suspensions rather than miss postseason play, although the NCAA said there was substantial enough evidence to warrant a postseason ban.

Here’s the full timeline of Moore’s suspensions since he was hired by Michigan in 2018.

Sherrone Moore suspensions timeline

Sept. 2, 2023

Moore was suspended for one game in 2023 due to self-imposed penalties, as he missed Michigan’s season opener against East Carolina as offensive coordinator.

Moore was suspended for the game for a separate recruiting violation unrelated to the sign-stealing scandal that involved communicating with recruits during the COVID-19 dead period. The suspension also led to Harbaugh missing three games, as the Wolverines aimed to get out in front of potential future NCAA sanctions. Harbaugh was eventually given a four-year show-cause penalty and a one-year suspension for the infractions.

Sept. 13 and Sept. 20, 2025

Moore will miss two games in 2025 as part of Michigan’s self-imposed suspension for his role in the advanced scouting scandal headlined by former staffer Connor Stalions.

Moore will coach in Michigan’s Week 1 and 2 games against New Mexico and Oklahoma, his alma mater, before missing consecutive games against Central Michigan and Nebraska. The NCAA accepted Michigan’s self-imposed suspension, but added an extra game for 2026.

Sept. 5, 2026

Moore was handed an additional one-game suspension on Friday, Aug. 15, when the NCAA’s committee of infractions handed a series of fines and penalties for the sign-stealing scandal.

Moore’s one-game suspension will be served in Week 1 of the 2026 season, when Michigan is scheduled to face Western Michigan at home on Sept. 5, 2026. Moore was also handed a two-year show-cause penalty after the investigation.

This post appeared first on USA TODAY

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Taylor Swift appearance on ‘New Heights’ podcast sets records

The music superstar’s appearance on ‘New Heights’ alongside boyfriend and Kansas City Chiefs star Travis Kelce and brother Jason Kelce set records for viewership.

Wednesday’s podcast set a record on YouTube for concurrent viewers – the number of individual people watching a live stream at the same time – with a peak of 1.3 million. As of Friday evening, the episode has surpassed 15 million views.

The live stream crashed nearly two hours in with more than 1 million people watching as she answered more questions about her 12th album ‘The Life of a Showgirl.’ She revealed the album art on the podcast and went into detail with the Kelce brothers about what went into the album as well as featured guest artists.

Per Front Office Sports, people are catching parts of the episode on other platforms, too. Clips from the show have totaled more than 61 million views on X, 34.5 million on TikTok and 379 million on Instagram.

The ‘New Heights’ YouTube channel has also seen more than 400,000 new subscribers since the episode went live. The show’s Instagram page surpassed 3 million followers as well.

Swift’s appearance with the Kelce brothers on ‘New Heights,’ was initially teased on Monday, Aug. 11, with a promo announcing Swift’s new album. The ‘New Heights’ podcast moved up to No. 1 on the Apple podcast charts before the episode became available.

Swift, in a subsequent clip released in the lead-up to the episode’s debut, also poked fun at ‘male sports fans’ for showing up on the Kelces’ podcast given the reception she has received at times for her appearances at Chiefs games.

‘I think we all know that if there’s one thing that male sports fans want to see in their spaces and on their screens, it’s more of me,’ Swift joked.

Kelce admitted in a recent GQ cover story that his forays into Hollywood and entertainment might have played a role in why his production ‘slipped’ the past two seasons. He had a cameo role in ‘Happy Gilmore 2’ and one season as host of Amazon Prime Video’s game show, ‘Are You Smarter Than a Celebrity?’ Swift, Kelce said, is more aligned with his goal of a bounce back year and another Super Bowl title with the Chiefs. Jason Kelce even introduced Swift to the ‘New Heights’ audience as having won one Super Bowl alongside his younger brother.

‘I sort of made her a football fan,’ Travis Kelce told GQ. ‘She is the most engulfed fan now. She knows what the injury reports look like. She understands what special situations are, third and short – all these things because she just naturally loves to hear about my job.’

This post appeared first on USA TODAY

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MacIntyre, Scheffler top BMW leaderboard: Round 2 highlights

There’s no stopping Robert MacIntyre so far at the 2025 BMW Championship. 

The Scottish lefthander backed up his first round 62 at the PGA Tour’s second FedEx Cup playoff event with a 64 in Friday’ second round at Caves Valley Golf Club in Owings Mills, Maryland. MacIntyre finished Thursday with a six-birdie flourish and then birdied his first hole in Round 2. He sits at 14-under for the tournament after 36 holes and will enter the weekend with a five-shot lead over tournament favorite and world No. 1 Scottie Scheffler (-9), who holds sole possession of second place after two rounds.

Ludvig Aberg (-8) and Hideki Matsuyama (-7) are also in contention ahead of Saturday’s third round after matching MacIntyre’s 6-under 64 for Round 2. Only the top 30 in the FedEx Cup standings after Sunday’s final round qualify for The Tour Championship.

BMW Championship leaderboard

  • 1. Robert MacIntyre: -14 (F)
  • 2. Scottie Scheffler: -9 (F)
  • 3: Ludvig Åberg: -8 (F)
  • 4: Hideki Matsuyama: -7 (F)
  • T5. Tommy Fleetwood: -6 (F)
  • T5. Michael Kim: -6 (F)
  • T5. Maverick McNealy: -6 (F)
  • T8. Harry Hall: -5 (F)
  • T8. Sam Burns: -5 (F)
  • T8. Viktor Hovland: -5 (F)
  • 11. Rory McIlroy -4 (F)
  • T12. Russell Henley -3 (F)
  • T12. Rickie Fowler -3 (F)

BMW CHAMPIONSHIP: Full leaderboard, updated tee times

Scottie Scheffler finishes Round 2 in second place

Scottie Scheffler recorded pars on the final six holes of the second round to card a 5-under 65 for the day. The No. 1 ranked golfer in the world sits at -9 for the tournament and in second place heading into the third round on Saturday, Aug. 16. Scheffler is five shots behind overall leader Robert MacIntyre, who is -14 through two rounds, and one shot ahead of Ludvig Aberg, who sits in third at -8.

Rickie Fowler (-2 through 17) and Jhonattan Vegas (+6 through 17) are the only two golfers still on the course.

Rory McIlroy nears top 10 after eagle

Rory McIlroy has suddenly worked his way back into the top 10 conversation on the BMW Championship leaderboard. He just got an eagle at No. 17 to move to 4-under for the tournament and 4-under for the round playing in a pairing with Scheffler again. McIlroy had a birdie at No. 1, a three-putt double bogey at No. 3, three-straight birdies starting at No. 9 and then this move on one of two par 5s on the course.

Scottie Scheffler takes sole possession of second

Scottie Scheffler followed up his birdie on the 11th hole with another one on Hole No. 12 to move to 5-under for the day and -9 for the tournament. After hitting a nearly perfect tee shot on the par-4, 506-yard hole, Scheffler’s approach shot left him 7 feet from the cup on his third shot. With the birdie, Scheffler moved pass Ludvig Aberg into sole possession of second place, five shots behind clubhouse leader Robert MacIntyre, who is -14 through two rounds.

Scottie Scheffler moves into tie for second

Scottie Scheffler nailed his approach shot on the 301-yard, par-4 11th hole, leaving him a two-foot putt. Scheffler collected the birdie to move to 4 under for the round and into a tie for second place with Ludvig Aberg at -8 for the tournament. Aberg is already in the clubhouse as is early leader Robert MacIntyre, who is sitting on a six-shot lead.

MacIntyre finishes round, increases lead

Robert MacIntyre is halfway to the BMW Championship after finishing his round with 6-under 64. He sits at 14-under for the tournament, seven shots ahead of Hideki Matsuyama, who also completed his round at 6-under. Scottie Scheffler is also seven shots back after three birdies in his first five holes of play.

MacIntyre is on fire

Robert MacIntyre continues to excel as he birdies No. 14, extending his lead to 13-under as he approaches the final three holes of the round.

Fleetwood birdies on No. 9

Tommy Fleetwood is now three strokes behind after making a birdie at the 9th hole, bringing his total to 8-under par, while Robert MacIntyre leads at 11-under.

Fleetwood attempts to narrow the lead

Tommy Fleetwood is now at 7-under as he approaches the No. 7 hole, reducing the gap to four strokes behind leader Robert MacIntyre.

MacIntyre extends his lead

Robert MacIntyre has extended his lead to 10 under par after making a birdie on the fourth hole. He currently leads Tommy Fleetwood, who is in second place at five under, by five strokes as the second round continues.

Daniel Berger seizes first birdie

After a plethora of pars and bogeys, Daniel Berger birdied the first hole of his second round. Berger is at even-par for the tournament.

Par for the course

Four golfers have taken the course, and all four are even. After Harry Hall and Jason Day posted a par on hole No. 1, Matt Fitzpatrick and Si Woo Kim followed suit. Brian Campbell and Denny McCarthy have just teed off to start their second round.

BMW Championship Round 2 is underway

The second round has started at Caves Valley Golf Club with Harry Hall and Jason Day on the course.

What time is BMW Championship?

The second round of the 2025 BMW Championship starts at 9:21 a.m. ET on Friday, Aug. 15.

How to watch BMW Championship: TV channel, streaming

The 2025 BMW Championship, the second event of the PGA Tour’s FedEx Cup Playoffs, will be televised nationally on the Golf Channel and NBC. It can be live streamed via ESPN+, Peacock and Fubo depending on the time. Here’s the full broadcast schedule for all four rounds:

All times Eastern

Friday, Aug. 15

  • 9:15 a.m.-6 p.m. on ESPN+
  • 2-6 p.m. on Golf Channel, Fubo

Saturday, Aug. 16

  • 9 a.m.-6 p.m. on ESPN+
  • 1-3 p.m. on Golf Channel, Fubo
  • 3-6 p.m. on NBC, Peacock

Sunday, Aug. 17

  • 9 a.m.-6 p.m. on ESPN+
  • Noon-2 p.m. on Golf Channel, Fubo
  • 2-6 p.m. on NBC, Peacock

BMW Championship tee times, pairings

Second Round – Friday

All times ET.

  • 9:21 a.m. — Harry Hall, Jason Day
  • 9:32 a.m. — Matt Fitzpatrick, Si Woo Kim
  • 9:43 a.m. — Brian Campbell, Denny McCarthy
  • 9:54 a.m. — Ryan Gerard, Daniel Berger
  • 10:05 a.m. — Chris Gotterup, Jacob Bridgeman
  • 10:16 a.m. — Sam Burns, Sungjae Im
  • 10:27 a.m. — Hideski Matsuyama, Robert MacIntyre
  • 10:43 a.m. — Collin Morikawa, Corey Conners
  • 10:54 a.m. — Justin Thomas, Tommy Fleetwood
  • 11:05 a.m. — Justin Rose, J.J. Spaun
  • 11:16 a.m. — Cameron Young, Ludvig Aberg
  • 11:27 a.m. — Tom Hoge, Bud Cauley
  • 11:38 a.m. — J.T. Poston
  • 11:54 a.m. — Xander Schauffele, Michael Kim
  • 12:05 p.m. — Kurt Kitayama, Thomas Detry
  • 12:16 p.m. — Ryan Fox, Taylor Pendrith
  • 12:27 p.m. — Lucas Glover, Sam Stevens
  • 12:38 p.m. — Viktor Hovland, Akshay Bhatia
  • 12:49 p.m. — Nick Taylor, Shane Lowry
  • 1:05 p.m. — Brian Harman, Patrick Cantlay
  • 1:16 p.m. — Keegan Bradley, Maverick McNealy
  • 1:27 p.m. — Ben Griffin, Russell Henley
  • 1:38 p.m. — Scottie Scheffler, Rory McIlroy
  • 1:49 p.m. — Andrew Novak, Harris English
  • 2 p.m. — Jhonattan Vegas, Rickie Fowler

FedEx Cup standings

Listed below is the top 10 golfers in the FedEx Cup standings. These are the golfers that have qualified for the BMW Championship this weekend. For a full list of standings, click here.

  • Scottie Scheffler: 5,456 points
  • Rory McIlroy: 3,444 points
  • J.J. Spaun: 3,344 points
  • Justin Rose: 3,220 points
  • Sepp Straka: 2,783 points
  • Russell Henley: 2,579 points
  • Ben Griffin: 2,555 points
  • Tommy Fleetwood: 2,433 points
  • Justin Thomas: 2,395 points
  • Harris English: 2,269 points

Our team of savvy editors independently handpicks all recommendations. If you purchase through our links, the USA Today Network may earn a commission. Prices were accurate at the time of publication but may change.

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Premier League predictions: Who are top title contenders?

The 2025-26 Premier League season is here, and Liverpool returns as the reigning title-holders.

Arsenal, Manchester City and Chelsea rounded out the top four last season. Are there any other clubs that can break into the top four?

Ipswich Town, Leicester City and Southampton were relegated. Promoted from the Championship were Burnley, Leeds United and Sunderland. What are those clubs’ chances of staying up in the Premier League?

Last season, Liverpool’s Mo Salah won the Golden Boot with 29 goals; Erling Haaland won the Golden Boot in the two seasons prior. Which player is the favorite to be the Premiership’s top goal scorer this season?

Here are USA TODAY Sports’ experts’ predictions for the upcoming Premier League season:

Premier League 2025-26 top four finishers

Premier League 2025-26 relegated teams

Premier League 2025-26 Golden Boot winner

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Asra Minerals

Investor Insight

Asra Minerals is an emerging gold explorer with a compelling investment case as it focuses on strategic expansion and development of high-grade resources across its Leonora gold project in Western Australia.

Overview

Asra Minerals (ASX:ASR) is unlocking the potential of its portfolio of existing resources and underexplored prospects within Western Australia’s renowned Leonora Goldfields. The company controls one of the largest and most prospective land positions in the district, strategically surrounded by high-profile gold producers such as Genesis Minerals’ (ASX:GMD) with its 8.9 million oz (Moz) Leonora Operations; Vault Minerals (ASX:VAU), which operates the 1.9 Moz Darlot mine and 4.1 Moz King of the Hills mine; and Northern Star (ASX:NST), which operates the 4.2 Moz Thunderbox mine.

With existing JORC 2012 resources of 200,000 oz gold and a clear strategy to reach 500,000 oz in the near-term, Asra Minerals is leveraging its 936 sq km Leonora landholding in one of Australia’s most prolific gold belts. Asra’s tenements span 75 km of strike length, including two primary zones – Leonora North and Leonora South – each with resource-stage projects, brownfields upside and newly identified high-priority drill targets.

A strategic reset in late 2024 led to a new CEO, technical team and drilling strategy aimed squarely at resource growth and project consolidation. With global unrest supporting sustained high gold prices and WA’s regulatory stability, Asra’s ground – historically underexplored and fragmented – is now primed for discovery, growth and value creation.

Company Highlights

  • District-Scale Gold Project in Tier-One Jurisdiction: 936 sq km landholding in WA’s Leonora region, proximal to more than 15 Moz of gold resources across neighboring major mines.
  • JORC Resource of 200 koz at 1.8 g/t gold: Existing resource includes high-grade shallow mineralization at Orion, Sapphire, Mt Stirling and Stirling Well.
  • Aggressive Growth Strategy: Targeting >500 koz resource base in 2025 through near-resource and greenfield drilling.
  • Ongoing Exploration: Systematic exploration underway across the portfolio with multiple high-priority targets identified for further follow-up.
  • New High-impact Leadership: Rebuilt management and technical team in late 2024, including renowned gold discoverers behind Gruyere (6.2 Moz) and Raleigh (1 Moz).
  • Undervalued Opportunity: With a ~$10 million market cap, Asra offers substantial re-rating potential amid rising gold prices and renewed institutional interest.

Key Project

Leonora Gold Project

Asra Minerals’ flagship Leonora gold project spans more than 936 sq km in Western Australia’s prolific Eastern Goldfields. The asset is subdivided into the Leonora North and Leonora South project areas. The region hosts multiple world-class gold operations, including Genesis Minerals’ Leonora operations, Vault Minerals’ King of the Hills, and Northern Star’s Thunderbox mine, all within trucking distance. Asra’s tenements lie along the highly prospective granite-greenstone contacts and major fault systems such as the Ursus Fault, known for controlling high-grade orogenic gold mineralization.

Leonora South

The Leonora South project is 549 sq km with eight granted mining leases, located within the historic Kookynie goldfields. This area is host to numerous high-grade deposits, including Genesis Minerals’ Ulysses Hub (~2 Moz gold). Asra is focused on the Sapphire and Orion open pit deposits, which together comprise a JORC 2012 inferred resource of 48,014 oz grading at 2.2 grams per ton (g/t) gold. High-grade intercepts include standout results such as 166 g/t gold over 6 m from 135 m, including 248.8 g/t gold over 4 m (Sapphire), and 46.4 g/t gold over 4 m from 3 m (Orion), demonstrating a potential for bonanza-grade extensions at depth.

Diamond drilling completed in Q4/2024 confirmed down-dip continuity of high-grade gold zones approximately 30 to 50 m below historical intercepts, with assays such as 47.95 g/t gold over 1 m from 115.2 m, 23.12 g/t gold over 1 m from 148.7 m, and 23.97 g/t gold over 0.8 m from 161.2 m. A new 1,300 m RC and diamond-tail drilling program commenced in Q2/2025 to test these high-priority targets, aiming to significantly increase the resource base. The mineralized quartz veins at Sapphire and Orion trend east-northeast and dip steeply – 50 to 80 degrees – southwards and remain open at depth and along strike.

Exploration across Leonora South has identified 21 high-priority targets, of which 15 have never been drill tested. These were derived from detailed 2025 airborne magnetics, structural reinterpretation and geochemical mapping. Planned work includes follow-up aircore and RC drilling to expand the mineralized footprint, including at Gladstone and Jessop Creek, with approvals already received from the Department of Energy, Mines, Industry Regulation and Safety.

Leonora North

Situated 40 km northeast of Leonora and just 5 km from Vault’s King of the Hills mine, Leonora North is a brownfields gold asset with significant exploration and expansion potential. The area lies within the Eastern Goldfields Superterrane of the Yilgarn Craton and is hosted along the structurally controlled Ursus Fault Zone, a major gold-bearing shear corridor. The project contains multiple zones with a total JORC 2012 resource of 152,000 oz grading at 1.7 g/t gold, including:

  • Mt Stirling–Viserion Deposit: 2.16 Mt @ 1.6 g/t gold for 111,000 oz (inferred), plus 391,000 t @ 2.1 g/t for 26,000 oz (indicated).
  • Stirling Well: 198,000 t @ 2.3 g/t gold for 15,000 oz (inferred).

The Mt Stirling resource remains open along strike and at depth, with high-grade shoots identified to the north. The flat-lying Stirling Well orebody has potential for parallel lodes and deeper extensions into mafic host rocks. A major aeromagnetic and litho-structural reinterpretation, completed in December 2024, identified +20 high-priority gold targets across the northern strike extensions. Several of these are situated adjacent to the historically mined Diorite King Mine, which reportedly produced at high grades. The untested 12 km Ursus Fault corridor remains a key focus, with ~9 km still unexplored.

Importantly, Asra secured 100 percent ownership of the Mt Cutmore prospect in May 2025, consolidating a highly strategic zone within the Mt Stirling region. This acquisition covers multiple live and pending tenements, and enhances Asra’s ability to deploy a focused drilling campaign across the Leonora North project area. Drill permits have been secured, and both AC and RC programs are planned for H2/2025 to evaluate new geophysical anomalies, follow up on known mineralization, and grow the current resource base.

Management Team

Paul Stephen – Managing Director

A seasoned mining executive, Paul Stephen has held various executive and directorship roles across ASX and LSE-listed companies prior to joining Asra. He was a co-founder and executive director of Crusader Resources, where he was instrumental in the discovery, development and operation of the Posse Iron Ore mine in Brazil. During his tenure, he oversaw the delineation of over 2.6 million ounces of gold, significantly contributing to Crusader’s market capitalization exceeding AU$160 million.

Paul Summers – Non-executive Chair

Paul Summers has been a legal practitioner since 1985, and founded his own firm, Summers Legal in 1989. He has been Asra’s counsel for more than 10 years and has provided extensive advice and service during the recent takeover of Cascade Resources. Summers is currently lead counsel – commercial, corporate and property of Summers Legal and is familiar with the company’s affairs, projects and strategy.

Mathew Longworth – Non-executive Director

Mathew Longworth is a geologist with over 35 years’ experience in large projects, exploration and discoveries in Australia, Greenland, Africa, South America and the Pacific. He is currently chairman of Ardea Resources and Greenfields Exploration, and non-executive chairman of Northam Resources. As a director and chairman, he has guided companies through challenging corporate times including IPO listings, takeovers, major capital raisings, 249D notices and joint venture negotiations while maximizing value for shareholders.

Leonard Math – Non-executive Director, Chief Financial Officer and Company Secretary

Leonard Math is a chartered accountant with more than 15 years of resource industry experience. He was an auditor at Deloitte and is experienced with public company responsibilities including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting and shareholder relations. He previously held company secretary and directorship roles for a number of ASX listed companies.

Ziggy Lubieniecki – Technical Consultant

Ziggy Lubieniecki is a highly experienced geologist with over three decades of expertise spanning exploration, mining, management, property acquisition and company listings. His previous senior roles include chief mine geologist at Plutonic, exploration manager at Australian Platinum Mines, and executive director at Gold Road Resources. Along with a successful exploration track record, Lubieniecki is credited for the discovery of the 6.2 Moz Gruyere gold deposit.

This post appeared first on investingnews.com

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Element79 Gold Corp Announces Corporate Update and Strategic Leadership Changes With Focus On Accelerating Nevada Asset Development

(TheNewswire)

Vancouver, BC August 15, 2025 TheNewswire – Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF | FSE: 7YS0 | OTC: ELMGF) (the ‘Company’), is a Canadian mining company focused on developing its portfolio of gold and silver projects in Nevada and Peru, announces strategic leadership changes which will be effective August 31, 2025, alongside an update on its advancing growth strategy.

Key Highlights Discussed:

Advancing Lucero, Peru – Continued incubation of the high-grade Lucero Project in southern Peru, with a mid-long-term objective of restarting exploration and production.

  • Leadership Transition – Effective August 31, 2025, including strategic changes to both Management and the Company’s Board of Directors, with the goal of accelerating asset development in Nevada.

Corporate Strategy Update

Nevada

Over the past year, Element79 Gold has sharpened its focus on building a long-term exploration and development portfolio in Nevada , anchored by the recent acquisition of the drill-ready Gold Mountain project and plans to explore the Elephant project, both located in the prolific Battle Mountain trend.  The Company has had success in developing projects in this Tier 1 mining region in the past, and this refocused strategy forms the foundation for the Company’s next phase of resource growth, positioning Element79 in one of the world’s most established gold districts. The Company currently has two projects in Battle Mountain, Nevada:

  • Gold Mountain , a Drill-ready asset with near-term exploration plans aimed at expanding known mineralization and advancing toward resource definition. The Company has engaged Rangefront Mining Services to prepare a NI 43-101 technical report as disseminated on August 6, 2025, in previous news.

  • Elephant Located in the heart of the Battle Mountain trend, targeted for systematic exploration to evaluate and advance its Gold, Silver, Lead and Copper potential.

The Company is currently pursuing additional high grade mineral concessions in the region to add to its evolving portfolio.

Peru

At the same time, the Company continues to incubate its high-grade Lucero Project in Arequipa, Peru , preparing for the eventual restart of exploration and production. Work in Peru is currently focused on community engagement, legal and regulatory readiness, and aligning future project development for win-win outcomes with key stakeholders with an eye to the access issues being resolved in the coming months.

Key project points for Lucero into 2026:

  • Maintain regular communication and presence in the Chachas community, anticipating a more favorable local administration beginning in 2026–2028 (local meetings starting at the end of August 2025 will focus on the local mayoral race).

  • Monitor federal updates to the ‘systemic push’ towards formalization under the former-REINFO-to-new-Ley MAPE transition, with a key catalyst deadline of December 31, 2025, approaching.

  • Upon the implementation of the new formalization regime, working with legal counsel and the community to forge surface rights and operating agreements.

  • Target mobilization for on-site work in mid-2026, contingent on formalization progress and community agreements.

  • Work with contractual counterparties to restructure terms, linking payments to mutually beneficial project advancement and production goals.

Leadership and Board Changes

Effective August 31, 2025:

  • James C. Tworek , Chief Executive Officer since inception, has elected to step down from the role and continue to support the Company as a Director.

  • Michael Smith , currently Vice President, Corporate Development, will be appointed Chief Executive Officer.

  • Neil Pettigrew will resign as Director and Qualified Person (‘QP’).  The Company is grateful for Mr. Pettigrew’s investment of expertise and help applied through the Company’s history from inception.

  • Kim Kirkland , currently Chief Operating Officer, will formally take on the Company’s QP role and join the Board of Directors, while stepping down from his role as COO.

  • Warren Levy will remain as Director and will assume the role of Chairman of the Board.

  • Zara Kanji will continue as Director.

Outgoing CEO James C. Tworek commented:

‘It has been a privilege to build, grow and lead the talented team professionals at Element79 Gold from its private company roots through multiple transformative milestones and successes since our IPO in August 2021.  These changes to the Element79 Gold Corp team make the Company nimbler while retaining expertise, intimate project knowledge and relationships.

We are grateful for our Director, Neil Pettigrew’s leadership and expertise with the Company’s multitude of projects, and guidance through many challenges that we have faced, both before and since our IPO.  I wish him success in his current and future professional endeavors and look forward to the possibility to work with him again.

With the Company’s recent refocus on exploration and resource development in Nevada while continuing a mid-to-long term strategy of restarting production at Lucero in Peru, I am confident that Michael is the right leader to guide the current phase of growth.  I remain committed to supporting the Company, helping to manage strategy, relationships and projects as a board member.’

Incoming CEO Michael Smith added:

‘I am honored and excited to take on the role of CEO during this exciting time of refocus and development opportunity underway at Element79 Gold Corp. Our immediate priorities lead a raise focused on drilling Gold Mountain, developing Elephant and maintaining momentum at Lucero in Peru.  I look forward to building upon the strong foundation laid by James and the team.’

Warren Levy, Chairman added:

‘I would like to thank James and Neil for their efforts over the years to keep Element79 moving forward, and am looking forward to Michael taking the lead going forward. The refocused company has an attractive portfolio and has maintained access to the upside in Peru. We feel that the hard work of positioning the company has been well done by James and Kim, and their continued involvement on the board will be important to assist the new management team in taking the company forward successfully.’

Qualified Person

The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a ‘qualified person’ as defined by National Instrument 43-101.

About Element79 Gold Corp

Element79 Gold Corp is a mining company focused on gold and silver exploration, with assets in Nevada and Peru. The Company is actively advancing its drill-ready Gold Mountain Project in Nevada’s Battle Mountain trend and holds an option to purchase the high-grade Lucero Mine in southern Peru. Element79 has transferred its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the spin-out process. Element79 Gold is listed on the CSE (CSE: ELEM,OTC:ELMGF), the Frankfurt Stock Exchange (FSE: 7YS0), and the OTC Markets (OTC: ELMGF).

On Behalf of the Board of Directors,

James C. Tworek, CEO, Director

Investor Relations Department

Email : investors@element79.gold

Phone : +1.604.319.6953

Corporate Contact

James Tworek, CEO, Director

Email: jt@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. This press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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OPINION — Goldenomics 103: Gold Protects and Performs

By Darren Brady Nelson

US President Donald Trump’s “Liberation Day” tariffs certainly caused quite the stir in the markets on April 2.

Gold dropped about 6 percent, and silver 12 percent. A week later, a pause was announced, which ended on August 1. Gold and silver have since risen approximately 11 percent and 24 percent, respectively.

Six month gold and silver price performance.

Source: Trading Economics (gold) and (silver).

Unless you are a professional, or even amateur, trader, it is best to look at gold and silver investment with a perspective of years or decades, rather than just days, weeks or even months. Since the start of the COVID-19 panic in March 2020, gold and silver have exploded 123 percent and 192 percent.

10 year gold and silver price performance.

Source: Trading Economics (gold) and (silver).

In the shorter term, the gold price is driven by what economist John Maynard Keynes called “animal spirits.” In the longer term, it is driven by “monetary spirits.” And not just as protection, but also for performance. The Presidential Gold Guide highlights both in chapters four and five.

Source: Fisher Liberty Gold.

Gold unsurprisingly protects

Economist and investor Mark Skousen has wisely noted that: “Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.” Gold has more than countered the results of inflation, as measured by CPI, and the drivers of inflation, as measured by M3.

And the numbers back that up. The Gold Protects chart below compares the gold price, CPI and M3 in terms of cumulative growth of each from 1971 to 2025. That is throughout the whole era of gold as an investment, which officially started in 1974 once private ownership was restored.

During this era, gold grew by 541 percent, CPI by 214 percent and M3 by 384 percent. Annual average growth for gold was 10 percent, CPI at 4 percent and M3 at 7 percent. Maximums were 92 percent, 14 percent and 29 percent, respectively. CPI only failed to grow twice, ie. 0 percent in 2009 and 2015. M3 decreased twice, by -4 percent in 2023 and -6 percent in 2024.

Sources: FRED (CPI) (M3); World Bank (gold).

Gold surprisingly performs

The highly respected In Gold We Trust (IGWT) report states: “When dealing with the specific level of gold allocation, it is advisable to differentiate between safe-haven gold and performance gold. The Big Long strategy emphasizes the potential of performance gold in the coming years.”

IGWT thus recommends an investment portfolio ‘rule of thumb’ that includes 15 percent in “safe-haven gold” and 10 percent in “performance gold.” The Gold Performs chart below compares gold price, S&P 500 and nominal GDP in terms of cumulative growth of each from 1971 to 2025.

Gold grew by 541 percent, the S&P 500 by 484 percent and GDP by 339 percent. Annual average growth for gold was 10 percent, with the S&P 500 at 9 percent and GDP at 6 percent. Maximums were 92 percent, 45 percent and 14 percent, respectively. Gold did have a higher standard deviation of 27 percent, compared to 17 percent for the S&P 500 and 3 percent for GDP.

Sources: FRED (GDP); Shiller Data (S&P); World Bank (gold).

Animal and monetary spirits

Gold protects as a hedge or safe haven, not just from inflation, but from the flip side of that same coin of the boom-bust cycle. Both are driven, in the longer term, not by “animal spirits,” but by “monetary spirits.”

Inflation is when money inflation has a widespread impact as price inflation. A bubble is when money increases have a more concentrated impact such as in certain asset values. The bubble eventually bursts when “monetary spirits” are finally reined in by monetary realities.

I say “monetary spirits” because of the role of fiat money, as indicated by, say, M3. When money supply outstrips money demand in a localized way, then that is a bubble, and when in a general way, that is inflation.

The former shows up in certain asset, wholesale and/or producer prices, whilst the latter shows up in CPI. Asset prices include the S&P 500. But nominal GDP is also ‘ginned up’ as it is ultimately a price times quantity measure as well. Price is expressed in money terms.

Conclusion

Gold can have ups and downs, as standard deviation indicates, due to the “animal spirits” of fear and uncertainty, that tend to be daily, weekly or monthly. Yet gold both protects and performs due to the “monetary spirits” of inflation and boom-bust, which tend to be decennially.

In particular, gold performs when the S&P 500 does not, like in the aftermaths of the 2001/2002 dot-com collapse, the 2008/2009 global financial crisis and 2020/2021 COVID-19 lockdowns.

Therefore, when it comes to gold, “follow the money” of central bank “money printing” and fractional reserve bank “fountain pen money,” for both superior inflation protection and boom-bust performance.

And besides, Skousen rightly ‘begged the question’ as follows: “Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?”

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Click here to read Goldenomics 101: Follow the Money, and here to read Goldenomics 102: The Shadow Price of Gold.

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Editor’s Picks: Gold Tariff Threat Ends, Price Reacts to Fresh Inflation Data

The gold price cooled off this week as tariff-related uncertainty reached a resolution.

The yellow metal was thrust into headlines late last week when US Customs and Border Protection told a Swiss refiner that 1 kilogram and 100 ounce gold bars would be subject to Trump administration tariffs that went into effect on August 7.

Gold is one of Switzerland’s top exports to the US, and with the country facing a 39 percent levy, questions were rife about what the impact could be. Clarification came on Monday (August 11), when US President Donald Trump said on Truth Social that gold ‘will not be tariffed.’

While the news calmed market participants, Keith Weiner of Monetary Metals believes the incident could have long-term impacts. He said the tariff confusion caused the spread between spot gold and gold futures to blow out, creating difficulties for entities using the market to hedge.

Here’s how Weiner explained it:

‘Once you’ve put the scare into everybody, you can’t just say, ‘Oh, sorry, just kidding.’ You can’t really do that. And so now we’ve done damage, and we’ll see what happens to that spread over time. We’ll see how users of the futures market adapt.

‘There are other markets in the world that would be competing for this hedging business — maybe it moves to Singapore, maybe it moves to Dubai, maybe it moves to London, and the US loses not only a little more trust, but also a little bit of volume on what had been the biggest, or what is currently the biggest, futures market.’

This week also brought the release of US consumer price index (CPI) and producer price index (PPI) data. On a seasonally adjusted basis, CPI for July was up 0.2 percent from the previous month and 2.7 percent from the year-ago period. Meanwhile, core CPI, which excludes the food and energy categories, was up 0.3 percent month-on-month and 3.1 percent from the same time last year.

While those numbers were largely in line with expectations, seasonally adjusted July PPI figures came in hotter than expected, rising 0.9 percent month-on-month compared to Dow Jones’ forecast of 0.2 percent. Core PPI increased 0.9 percent from June compared to an estimated rise of just 0.3 percent.

Speaking about the implications of the data, Danielle DiMartino Booth of QI Research said it shows companies aren’t yet passing tariff-related price increases on to consumers.

This is what she said about how these circumstances could develop:

‘I do think that we will see where companies feel they can push through price increases — I think we’ll see that. We saw quite a bit of food inflation in the PPI, and when you’re talking about things like essentials, and especially with very, very low-margin types of sales, we could see what we call the substitution effect begin, where households end up buying other things. The classic is always that they trade down from steak to ground beef, or trade down from beef to chicken.

‘We’re going to see whether or not that plays out again.’

While the PPI data has slightly dampened expectations that the US Federal Reserve will cut interest rates when it meets in September, CME Group’s (NASDAQ:CME) FedWatch tool still shows a strong probability of a reduction at that time.

Bullet briefing — CATL closes mine, Mitsubishi invests in copper

CATL temporarily closes lithium mine

Contemporary Amperex Technology (HKEX:3750,SZSE:300750), better known as CATL, said on Sunday (August 10) that it will halt production at a lithium mine in China for at least three months.

Sources familiar with the matter told Bloomberg that CATL, which is the world’s largest electric vehicle battery maker, failed to extend a key mining permit. The company is reportedly in talks about a renewal, but is prepared for a months-long shutdown.

Share prices of lithium miners rose on the news, buoyed by expectations that the CATL mine closure will help reduce oversupply. Excess output has caused Chinese lithium prices to drop 80 percent since the end of 2022, and investors are keen to see a turnaround for the beleaguered battery metal.

Hudbay, Mitsubishi team up on copper

Mitsubishi (TSE:8058) is set to acquire a 30 percent stake in Hudbay Minerals’ (TSX:HBM,NYSE:HBM) Arizona-based Copper World subsidiary for US$600 million.

Hudbay called Mitsubishi its ‘strategic partner of choice,’ while Mitsubishi said the investment will help advance its copper growth plans. A feasibility study is in the works for Copper World, and a definitive feasibility study is expected in mid-2026.

Hudbay shareholders reacted positively to the news, which comes on the back of a strong focus on copper supply after last month’s announcement of a 50 percent tariff on US imports of semi-finished copper products and intensive copper derivative products. The company projects that Copper World will result in a direct $1.5 billion investment into the US critical minerals supply chain.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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