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Junior Miners Have Capitulated & Slingshot Move Coming Soon says Pro Mining Investor David Erfle
MiningStockEducation.com
Oct 24, 2023 #miningstocks #resourceinvesting #goldinvesting
In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. He explains why he believes the junior miners have already capitulated and that a slingshot move upwards is coming. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.
0:00 Introduction
0:45 Gold price commentary
5:20 Watch silver
7:18 Bullish gold unless it breaks 7yr cycle
9:41 Discerning a capitulation bottom
16:23 How significant is short interest in an individual junior?
21:04 Warrants expiring worthless after being deeply in the money
Why a real physical gold price will rise from the Cartels ashes in 2024 - LFTV Ep 145
Kinesis Money
Oct 20, 2023
In this week’s episode of Live from the Vault, Andrew Maguire kicks off with a discussion about the synthetic disconnect between the speculators and the COMEX, before delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance.
Rob McEwen invests in junior gold explorer McFarlane Lake
with MMGYS soundtrack
Staff Writer | October 17, 2023 | 2:38 pm Exploration Markets Canada Gold
Canadian gold explorer McFarlane Lake Mining (NEO: MLM) announced Tuesday that it intends raise C$4.5 million through the sale of a combination of units and flow-through shares of the company, with McEwen chairman Rob McEwen acting as the lead investor.
In total, McFarlane Lake intends to issue 50 million units priced at C$0.05 each and approximately 33.3 million flow-through shares priced at C$0.06 apiece. McEwen, who has been associated with the gold industry throughout his career, has agreed to subscribe for C$1 million worth of the securities.
Shares of McFarlane Lake soared by 30.8% to C$0.085 at market close, giving the junior gold miner a market capitalization of C$9.6 million.
Net proceeds will be used by the company to further explore the High Lake gold property, which straddles the Ontario-Manitoba border and could potentially be developed together with its West Hawk Lake project located on the Manitoba side.
Exploration on the High Lake property has led to the identification of a mineralized zone with potential for open-pit mining. To date, the deposit contains an estimated indicated resource of 152,000 tonnes grading 9.38 g/t gold and inferred resource of 287,000 tonnes at 10.43 g/t gold.
“We are delighted that Rob McEwen is participating in the offering and look forward to working with him as we continue to build out our gold resources at High Lake and develop our Canadian gold properties,” Mark Trevisiol, CEO of McFarlane Lake, said in a news release.
McEwen’s company currently holds three producing mines in Nevada, Ontario, and Argentina, as well as a 68% interest in the large Los Azules copper project in Argentina.
“I was attracted to McFarlane Lake because of its terrific high-grade intercepts and the fact that it is in Canada and located close to where Goldcorp Inc. enjoyed such phenomenal exploration success and profitability,” McEwen said in a statement.
https://www.mining.com/rob-mcewen-invests-in-junior-gold-explorer-mcfarlane-lake/
Absurdly astonishing - https://www.usdebtclock.org - $33.55trillion national debt.
McEwen Copper Announces an Additional US$10 Million Investment by Nuton, a Rio Tinto Venture
$MUX
TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce abinding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.
Nuton has agreed to invest US$10.0 million to acquire shares of McEwen Copper in a two-part transaction expected to close by October 19th, 2023 (the “Nuton Transaction”) consisting of a private placement of 152,615 McEwen Copper common shares, and the purchase of 232,000 common shares owned by McEwen Mining in a secondary sale. Proceeds of the subscription and purchase are expected to be approximately $4.0 million to McEwen Copper and $6.0 million to McEwen Mining, respectively. The proceeds of the private placement will be used to advance the development of the Los Azules copper project in San Juan, Argentina, and for general corporate purposes.
After closing, Nuton will own 14.5% of McEwen Copper on a fully diluted basis, and McEwen Mining will own 47.7%. The transaction values McEwen Copper at approximately US$800 million.
In connection with the Transaction, McEwen Copper and certain of its affiliates agreed to amend the Nuton Collaboration Agreement to extend the period of exclusivity over novel, trade secret or patented copper heap leach technologies until February 1st, 2025.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Nuton
Nuton is an innovative new venture that aims to help grow Rio Tinto’s copper business. At the core of Nuton is a portfolio of proprietary copper leach-related technologies and capability – a product of almost 30 years of research and development. Nuton™ Technologies offer the potential to economically unlock copper sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste.
About McEwen Copper
McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.
Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). A PEA published in June 2023 estimated a $2.7 billion after-tax NPV8% at $3.75/lb Cu and a 27-year mine life.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2023/McEwen-Copper-Announces-an-Additional-US10-Million-Investment-by-Nuton-a-Rio-Tinto-Venture/default.aspx
Copper prices pressured by weak demand, sentiment, rising inventories — report
with MMGYS soundtrack
MINING.com Editor | October 10, 2023 | 4:23 pm Markets China Copper
Copper price falls as China’s reopening boost loses power
Fitch Solutions is revising down its 2023 average annual copper price forecast to $8,550/tonne, from $8,800/tonne previously as US dollar strength and market fears of another US Fed rate hike places a cap on price growth.
Simultaneously, Mainland China’s service-led recovery, along with weak global demand continue to pressure prices along with investor sentiment towards industrial metals, including copper.
Although Fitch expects prices to improve slightly from current levels in 2023, the analyst does not expect a return to the highs seen in 2022 as China’s real estate sector remains in doldrums.
Prices have averaged $8,628/tonne in the year to date as of September 19 2023, lower than the average of $8,788/tonne seen in full year 2022, on the back of subdued global demand in the main, the analyst said in its latest market report.
Prices have been on a steady downward trend since mid-January 2023, after peaking at $9,356/tonne on January 23 2023 on the back of expectations of a strong rebound in Chinese demand.
Prices were hovering around $8,293/tonne as of September 19, down 11% from the year to date high of $9,356/tonne.
The forecast of $8,550/ tonne for 2023 means Fitch expects prices to remain under significant pressure in Q4 as weak demand and rising inventory levels hammer prices.
Production
Globally, Fitch forecasts refined copper production to remain in growth territory over the coming decade despite some short-term supply disruptions from outside Mainland China, as a number of smelters undergo maintenance that will ultimately reduce total annual output volumes.
The analyst also expects supply issues in Latin America to hamper copper concentrate supply growth, leaving the market tight and putting pressure on refined copper supply in the coming months.
Fitch forecasts global refined copper output to climb from 27.3mnt in 2023 to 35.2mnt by 2032, averaging 3.1% annual growth.
Consumption
The analyst predicts global copper consumption growth to rise in 2023 by 2.9% to 27mnt, amid an uneven economic recovery in China and a drag from other markets.
Fitch notes that the green energy transition will partially offset this downside pressure. Over the rest of the decade, the firm anticipates strong demand growth driven by the renewables and autos construction industries. The analyst expects global copper demand to increase from 27mnt in 2023 to 36mnt in 2032, averaging 3.3% annual growth.
Read the full report here.
https://www.mining.com/copper-prices-pressured-by-weak-demand-sentiment-rising-inventories-report/
A war starts in Israel (false flag?) so metals, bonds, stocks and oil jump… a lot… WTH???
Metal trader misery undercuts supercycle hype as losses pile up
with MMGYS soundtrack
Bloomberg News | October 8, 2023 | 11:35 am Intelligence Markets Top Companies Australia China Latin America USA Aluminum Cobalt Copper Nickel
The world’s metal traders are enduring one of their toughest periods in years, even as an international race for minerals thrusts the industry into the geopolitical spotlight like never before.
From top copper trader Trafigura Group to the largest metals-specialist hedge fund, a who’s-who of powerful and high-profile names have lost money, cut staff or suffered other setbacks in the past year.
It’s a disconnect that’s likely to dominate conversations as thousands of traders, financiers and investors descend on London for the annual LME Week gathering that kicks off Sunday: on the one hand, governments around the world are growing increasingly concerned about future availability of metals like copper, nickel and cobalt that will be critical to the energy transition. Yet for the past year, weak industrial demand has kept prices under pressure, leaving traders struggling to eke out profits from sluggish metals markets.
“It’s dawning on people they’ve talked themselves into a supercycle that isn’t happening,” said Concord Resources chief executive officer Mark Hansen, whose company reported its first-ever loss last year. “The environment is the most complicated and tricky for metals trading that I’ve ever seen.”
The Orion Commodities Fund – the largest metals-focused hedge fund – was down 4% in the year through August, according to an industry report. Its assets under management have dropped by more than a third in the past year to $1 billion.
Operating profits at Trafigura’s metals unit were down 68% year-on-year in the 12 months to March as it recorded a loss of nearly $600 million as the victim of a massive alleged nickel fraud. Its metals division is expected to take further hits when it reports results for the half year that ended in September, people familiar with the matter said. A person close to the company said that the underlying performance of its metals and minerals trading remains good.
The challenges aren’t just a function of a lackluster economy. While demand has disappointed expectations, including in top consumer China, it hasn’t yet fallen off a cliff. The result is a lukewarm market that is neither strong nor weak enough to create lucrative trading opportunities. And rising interest rates are dramatically lifting costs and hurting traders who signed long-term deals before the hiking cycle began. What’s more, a series of alleged frauds and deals gone wrong has shaken some of the best-known names in metals trading.
The mounting pressure also has significance beyond the traders themselves — the industry forms a vital link in the web of miners, processors and end-users like manufacturers and builders, which all rely on the companies to buy, sell and transport metals around the world.
Trickier year
Some of the industry’s big players have continued to notch up solid gains, but they too have acknowledged a downturn in profitability.
“It has been a trickier year and you’ve seen lower margins in metals trading,” Gary Nagle, chief executive of Glencore Plc, which vies with Trafigura for the title of the world’s largest metals trader, told journalists in August. Earnings before interest and tax at Glencore’s metals and minerals trading unit were down 36% year-on-year to $1.5 billion in the 12 months through June, the weakest 12-month period since 2019.
IXM, the third-largest metals trader, reported net profit of about $19 million last year, the weakest in more than a decade, although it has recovered somewhat — reporting profits of just over $40 million in the first half of this year.
Smaller firms have been harder hit. Bloomberg reported last month that several senior traders were leaving historic trading house Gerald Group, while earlier this year the company discovered it had been the victim of a suspected fraud in tin, people familiar with the matter said.
Transamine Trading SA, a specialist in trading metal ores known as concentrates, had a problem in Brazil earlier this year, according to people familiar with the company. Transamine is reorganizing its copper team, one of the people said.
“The trade is not easy — Australian copper concentrates cannot go to China, some companies are taking very aggressive positions and some big mining companies are now also trading. But it is not a bad year, we have had good business,” said Transamine director Jean-Pierre Adamian.
Concord, a mid-sized merchant specializing in aluminum which also owns an alumina plant in Louisiana, reported its first-ever loss in its 2022 results filed at Companies House in what it described as a “very challenging year,” while Ocean Partners, another concentrates trader, said net profits dropped 65%.
Still, many remain optimistic about the future, and some trading companies are seeking to expand in metals even now. Energy trader Gunvor Group Ltd. is re-entering the market and has hired veteran trader Ivan Petev to run its base-metals business, Bloomberg reported last month.
“Is that something that’s here to stay?” asked Glencore’s Nagle, about the subdued metal trading conditions. “No, I don’t think so. I think it’s an indication of market conditions today,” he said. “I don’t think that’s an indication of the future necessarily.”
(By Archie Hunter, Jack Farchy and Yvonne Yue Li, with assistance from Nishant Kumar, Mark Burton and Liz Yee Xing Ng)
https://www.mining.com/web/metal-trader-misery-undercuts-supercycle-hype-as-losses-pile-up/
Gold Down $100? This Really Shouldn't Be A Surprise
Big dose of reality here
Updated presentation out on $BLTH!
https://www.sec.gov/Archives/edgar/data/1487718/000110465923106882/tm2327730d1_ex99-1.htm
$BLTH Lisbon Valley Project made Goldman Sachs list for Game changing DLE method.
https://www.goldmansachs.com/intelligence/pages/gs-research/direct-lithium-extraction/report.pdf
McEwen Mining: Stock Exploration Update
https://finance.yahoo.com/news/mcewen-mining-stock-exploration-192900168.html
ROB McEWEN & CRESCAT CAPITAL COMPLETE STRATEGIC INVESTMENTS IN
GOLIATH RESOURCES LIMITED
with MMGYS soundtrack
Toronto, Ontario – October 2, 2023 – Goliath Resources Limited (TSX-V: GOT) OTCQB: $GOTRF (FSE: B4IF)
(the “Company” or “Goliath”) is pleased to report Mr. Rob McEwen and Crescat Capital LLC have completed
their strategic investments in Goliath. They both participated in tranche one of the announced non-brokered
private placement that was upsized to $8,600,000 from $5,000,000. Gross proceeds from tranche one totaled
$4,115,616 and the second and the final tranche of up to ~$4,484,384 gross proceeds is scheduled to close
on or around October 11, 2023.
Mr. McEwen subscribed for $1,000,440 NFT units priced at $0.63 for a total of 1,588,000 units through his
personal holding company. Once the second tranche closes, he will own ~2.4% (P/D) of Goliath. Mr. McEwen
is the founder and former Chairman of Goldcorp where he discovered, built, and operated the Red Lake Mine
in Ontario which was acquired by Newmont Mining in 2019 for US$10 billion. Mr. McEwen is currently the
Chairman and Chief Owner of McEwen Mining Inc., a gold and silver producer with operations in Nevada,
Canada, and Mexico.
Goliath’s largest shareholder, Crescat Capital, subscribed for $500,220 for a total of 794,000 NFT units. Once
the second tranche closes, they will own ~18.4% (P/D) of Goliath. Crescat Capital participated in the Offering
pursuant to a pre-emptive right granted to them by the Company (see about Crescat Capital below).
continues here https://goliathresourcesltd.com/wp-content/uploads/2023/10/October-2-2023-Rob-McEwen-Crescat-Capital-Complete-Strategic-Investments-In-Goliath-Resources-Limited.pdf
Web site https://goliathresourcesltd.com/
JV Article: Discovery Silver’s Cordero project is in the big league
MINING.COM and Discovery Silver | October 2, 2023 | 5:27 pm
Discovery Silver’s Cordero office in Mexico. Credit: Discovery Silver
Discovery Silver (TSX: DSV; US-OTC: DSVSF) owns the largest undeveloped primary silver deposit globally by reserves and has attracted a tier one management team led by Tony Makuch, the former CEO of Kirkland Lake Gold.
With reserves of 265 million oz. silver, Discovery’s 100%-owned Cordero deposit in Mexico’s Chihuahua state surpasses Bear Creek Mining’s (TSXV: BCM; US-OTC: BCEKF) Corani deposit in southern Peru (225 million oz. silver) and Polymetal International’s Prognoz silver deposit in Russia (142 million oz. silver).
“There are very few of these large undeveloped silver assets and we’re at the top of the list,” says president and CEO Makuch. “To put its scale in context, Cordero is the equivalent of a gold mine that produces more than 400,000 ounce gold per annum with all-in sustaining costs of approximately US$1,000 per ounce over a mine life of close to 20 years.”?
continues here>>>>> https://www.mining.com/joint-venture/jv-article-discovery-silvers-cordero-project-is-in-the-big-league/
SITUATION CRITICAL! The ENEMY FROM WITHIN Is DESTROYING America AND THE WORLD!
Gold prices fall to session lows after ISM Manufacturing PMI improves to 49% in September
Monday October 02, 2023 10:17
Ernest Hoffman
(Kitco News) - Gold prices are setting new session lows after the latest data on the U.S. manufacturing sector showed it improved beyond expectations, but still contracted for the eleventh consecutive month.
The Institute for Supply Management (ISM) manufacturing index came in at 49% for September, after posting a 47.6% print in August. Market consensus calls were expecting a reading of 47.9%.
Readings above 50% in such diffusion indexes signify economic growth and vice-versa. The farther an indicator is above or below 50%, the greater or smaller the rate of change.
Following the release, gold prices declined to fresh lows on the session. Spot gold last traded at $1,830.25, down exactly 1.00% on the session.
The employment index rose into expansionary territory at 51.2% in September after a 48.5% reading in August. The index for new orders remained in contractionary territory, but improved to 49.2% from August’s 46.8% print.
The prices index also surprised, falling 4.6 percentage points in September to 43.8 from August’s figure of 48.4%.
“The U.S. manufacturing sector continued its contraction trend but at a slower rate, recording its best performance since November 2022, when the PMI also registered 49 percent,” said Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee. “Companies are still managing outputs appropriately as order softness continues, but the month-over-month PMI improvement in September is a clear positive.”
Fiore noted that two of the six biggest manufacturing industries, Food, Beverage & Tobacco Products; and Petroleum & Coal Products, registered growth in September.
“Demand remains soft, but production execution improved compared to August as panelists’ companies prepared for the fourth quarter and the close of the fiscal year,” he said. “Suppliers continue to have capacity. Seventy-one percent of manufacturing gross domestic product (GDP) contracted in September, up from 62 percent in August. More importantly, the share of sector GDP registering a composite PMI® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 6 percent in September, compared to 15 percent in August and 25 percent in July, a clear positive.”
https://www.kitco.com/news/2023-10-02/Gold-prices-fall-to-session-lows-after-ISM-Manufacturing-PMI-improves-to-49-in-September.html
LIVE: Tesla's unveils a masterpiece: The Tesla that will change the car industry forever - Tesla CEO
Musk recently says their will never be the copper shortfall some are predicting. That auto makers have enough with the copper production levels we have now.
If things do get tight all they have to do is raise the cars operating system voltage from the traditional 12 volts to 48 volts drastically reducing the amount of copper needed.
Hope you enjoy this LIVE stream
I find it fascinating
Government Shutdown Explained
LEAVE BRITNEY ALONE ORIGINAL VIDEO
Welcome to the M+M board JJ24 Feel free to keep us informed on those two.
and Thanks :)
$BLTH and $SGII
https://www.otcmarkets.com/stock/SGII/news/story?e&id=2640747
Skip James- Hard Time Killin' Floor Blues
“Trickle-down theory represents the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.”
John Kenneth Galbraith
"You should thank God the government saved the big banks and their investors. Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies. Suck it in and cope."
Charlie Munger, Christian Science Monitor, September 30, 2010
"The [gold] exchange is a fractional reserve exchange, and they think that price will solve everything."
Kyle Bass
"The most urgent problem facing the US and the Western nations is not a [debt limit] 'fiscal cliff.' It is the pernicious corruption in the financial system that has captured the politicians of both parties, and distorted the public conversation through influence in the media and directing the opinions and buying the research of 'experts' through the power of big money."
https://jessescrossroadscafe.blogspot.com/
The Empire of Lawlessness
with MMGYS soundtrack
"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."
Bernard Baruch
"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
Eddie George, Governor Bank of England, conversation with CEO of Lonmin plc citred in Reg Howe v. BIS, JPM et al. September 1999
"What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities, or anything else that might be deemed an indicator of inherent value."
Peter Warburton, The Debasement of World Currency, April 9, 2001 [gold at $259 per oz.]
"Synthetic gold, sourced in pyramids of credit extended to bullion bankers by central banks with little or no claim on physical substance, have provided a more efficient, better-camouflaged form of intervention. COMEX synthetic gold and related over-the-counter derivatives are traded in macro strategies implemented by hedge funds, high-frequency trades, and commodity funds. The volumes traded are huge, and bear little resemblance to actual flows of physical metal. Above-ground 400-ounce .995-gold bars located in London, New York, and other financial capitals have steadily dwindled and disappeared into Asian financial centers, reformulated as .9999 kilo bars."
John Hathaway, Tocqueville Gold Newsletter 2Q 2015
"Time is coming when markets search frantically for physical collateral to find that paper far exceeds underlying collateral for several metals and other resources. I am warning that when markets fall in sustained negative response to bursting bubbles, widespread deleveraging will reveal insufficient hard collateral underlying traded asset-backed securities. The words rehypothecation and hyper-rehypothecation may be rediscovered or remembered again."
Harald Malmgren, 2019
Stocks dipped today, but managed to find a bottom and turn around finishing green into the close.
Gold and silver slumped, ahead of the Comex futures options expiration tomorrow.
The US may be approaching another debt limit standoff. The deadline for this latest dark comedy is this Saturday.
The political landscape is discouraging.
"It can't happen here."
Some lessons of history need to be relearned again.
"God has a way of standing before the nations with judgement, and it seems that I can hear God saying to America 'You are too arrogant! If you don't change your ways, I will rise up and break the backbone of your power! And I will place it in the hands of a nation that doesn't even know my name. Be still, and know that I am God.'"
Martin Luther King, 1967
The madness serves none but itself.
Nuts.
Have a pleasant evening.
Thank you Jesse mighty fine write
see more here
https://jessescrossroadscafe.blogspot.com/
"Thanks Douginil The metal always looks good to me
I married a platinum blond "
Wow can't believe these LOYs out there
$HL 3.98
$CDE 2.27
to name a few
With the DX-YNYB at 105.58
Miners are going nowhere as Jay spins the wool over everybodys eyes
I think their making up everything as they go. No real plan !
take care
Thanks JD Consideing the way things have been going that certainly helped to get the end of week off to a smiling start.
"No you can't drain the spaghetti in it"
https://www.goldfieldsguide.com.au/blog/58/jokes-about-gold
Watch our Presentation from the Precious Metals Summit in Beaver Creek
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2023/09/13/canadian-gold-corp/play/stream/36793?fbclid=IwAR30JPi0mrWVq_04EV-KP0ymprBRTtyb4lcQUHpBPU3kKepyi5o2DXuTxRg
We got a great property of HEMLO with two past producers of open pit gold mines )
I love it and Ian told us about to get a great drill target:
The Hemlo Gold Story
OntarioMiningHistory
Watch our Presentation from the Precious Metals Summit in Beaver Creek
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2023/09/13/canadian-gold-corp/play/stream/36793?fbclid=IwAR30JPi0mrWVq_04EV-KP0ymprBRTtyb4lcQUHpBPU3kKepyi5o2DXuTxRg
G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
https://www.mining.com/web/g7-plans-russian-diamond-imports-ban-by-year-end-belgium-says/
Did you ever think you would see a Pandemic in your lifetime.
Did you ever think you would see a attempted U.S. Coup in your lifetime
Do you think you will ever see a nuclear bomb in your lifetime
AEM Detour Lake: A Partnership Success Story -
Pelangio
$Gold Bargain - $Pelangio Exploration joins the Morning Drive with attending PDAC2023
Quarterly/yearly charts are telling the real PM price story.
Kootenay Silver Drills 5,840 gpt Silver over 2.45 meters within 34.45 meters of 540 gpt Silver Columba High-Grade Silver Project, Mexico
September 8, 2022
https://kootenaysilver.com/news/kootenay/2022/kootenay-silver-drills-5840-gpt-silver-over-245-meters-within-3445-meters-of-540-gpt-silver-columba-high-grade-silver-project-mexico
Gabon, Africa .... the latest country to kick out the French ..... Gabon is the world's 2nd largest Manganese producer .....
Burkina Faso President ..... We Must Reclaim Our Gold & Be Our Own ‘El Dorado’ .....
Wildfires threaten Kelowna | Evacuations as spot fires ignite in the city
CTV News
47 minutes ago
The City of Kelowna has declared a state of emergency after the McDougall Creek wildfire jumped Okanagan Lake overnight.
..............................................
Wildfire forces Yellowknife evacuation
North of 60 Mining News - August 18, 2023
Last updated 8/17/2023 at 10:34amPhoto taken through car windshield by evacuee in line of cars under red sky.
Residents of the Northwest Territories community of Hay River evacuate under a red sky caused by the smoke and fire.
Blaze could reach NWT capital by weekend, 20,000 residents leave; one mining camp burned, wildfires disrupt entire mining sector.
Read more here>>>>> https://www.miningnewsnorth.com/story/2023/08/18/news/wildfire-forces-yellowknife-evacuation/8060.html
Free marketeer leading Argentine election seen rocking commodities
Bloomberg News | August 14, 2023 | 3:56 pm Battery Metals Intelligence Latin America Copper Lithium Oil & Gas
Javier Gerardo Milei. Credit: World Economic Forum
Javier Milei, a libertarian outsider who’s taken a surprise lead in the race for Argentina’s presidency, would shake up the country’s powerhouse commodity industries like none of his rivals.
Argentina is a top crop and beef exporter, and the world’s fastest-growing lithium producer. It also sits on copper and shale oil and gas riches, and has potential to bring plenty of those resources to global markets.
Milei would scrap taxes on farm exports, meaning Argentina’s soybeans, corn, wheat and meat gain competitiveness against producers from the US to Australia. Milei has also touted ditching the peso for the US dollar. That would make farmer soy sales — which in Argentina have morphed largely into an unpredictable currency trade — trend more like other countries.
Milei won across swaths of the Pampas farm belt in Cordoba, Santa Fe and La Pampa provinces after pledging that the tax and currency changes would turbo-charge agricultural growth and production.
The free-market ideas “are just the sort we farmers are looking for,” said Ariel Striglio, a crop-grower in Santa Fe.
But Striglio also voiced concern about how Milei, an anti-establishment firebrand, would be able to govern: Getting support in congress to implement radical policies, and finding ways to stop powerful trade-union and social leaders from sabotaging reforms, would likely be his greatest challenge.
Oil, lithium
While Milei’s campaign manifesto is heavily skewed to farming, it also mentions promoting investments in oil and lithium. But by minimizing state involvement, his approach would upend how Argentina had already been going about that.
Milei, who won by a landslide in oil heartland Neuquen province, would move to re-privatize state-run driller YPF SA, which has spearheaded development of the Vaca Muerta shale patch since being nationalized in 2012.
To spur shale drilling, he’d instead boost competition between domestic refiners and international crude buyers by knocking down export hurdles and un-capping Argentine fuel prices.
Milei has been less clear on lithium, although last year he expressed dismay on social networks at talk of nationalizing the metal, needed for the global energy transition, or meddling in supplies and prices through a pact with South American neighbors.
His devotion to free markets would no doubt mean less direct state support for a local battery industry — relying instead on tax cuts and more lax labor laws to promote value-added manufacturing in Argentina.
Other candidates would be better equipped to maintain the social cohesion needed for investments, according to Michael Meding, who heads the unit of Canadian Rob McEwen’s mining group that’s drilling the Los Azules copper deposit in Argentina. “I don’t see him as a good selection for mining companies,” Meding said.
Still, in a sign of how divisive a figure Milei is, McEwen himself disagreed: “He’s proposing radical changes and I think those are needed.”
(By Jonathan Gilbert, with assistance from James Attwood)
https://www.mining.com/web/free-marketeer-leading-argentine-election-seen-rocking-commodities/
David Bowie - Changes (Olympia)
Metals just floating sideways while banks continue their aggressive buying and hoarding. Follow the money... keep stackin'.
RE: Big power plays happening in Sahel region of Africa ....
..... Turkish President Erdogan weighs in on the Niger issue .....
RE: Big power plays happening in Sahel region of Africa ....
..... analysis by Redacted ......
RE: Big power plays happening in Sahel region of Africa ....
..... How France secretly owns 14 different African countries ..... from the Caspian Report .....
Big power plays happening in Sahel region of Africa .... with potentially huge implications for many commodity markets long term .... first video clip is Meloni laying the smack-down on France .....
Prime Minister of Italy, Giorgia Meloni.
— Dylan LeClair 🟠 (@DylanLeClair_) November 19, 2022
Straight. Fire. pic.twitter.com/Qsnwh1tJz8
Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets
with MMGYS soundtrack
Reuters | July 24, 2023 | 3:19 am Battery Metals Intelligence Markets Africa Australia Canada Latin America USA Copper
Smaller miners' hunger for cash grows as copper prices fall, sparking M&A bets
A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters.
Copper is set to play a crucial role in the transition to a greener economy and cashed-up bigger miners are seeking assets with longer mine life and high-quality grade ore to meet the growing demand for the red metal.
Depressed prices for the red metal due to global economic growth concerns, however, are forcing some small-to-mid sized companies to cut back exploration budgets and other expenses. But that may not be sufficient for them to survive and the current scenario may pave the way for more M&A in the sector, company executives and analysts say.
So far this year, some $22 billion worth of copper M&A has been launched, according to Reuters calculations, including Toronto-based Hudbay Minerals’ $439 million bid for Copper Mountain, Lundin Mining’s purchase of Japan’s JX Nippon Mining and Metals stake in Caserone mines in Chile, and Newmont Corp’s planned acquisition of gold and copper miner Newcrest for $18 billion.
Copper M&A more than doubled in 2022 to $14.24 billion from the previous year, according to an S&P Intelligence report.
The M&A theme is expected to continue as it is extremely difficult to develop new copper mines, Stuart McDonald, CEO of Vancouver-based Taseko Mines, told Reuters in June.
Taseko is exploring funding proposals to bring in additional liquidity to expand its copper project in Arizona, McDonald said, adding there are significant challenges to permitting new mines across the world.
“So the large miners are saying it is difficult to build new supply, so let’s just buy companies,” McDonald said.
Copper prices have been gradually losing steam since hitting their strongest levels in over seven months in January when optimism abounded about the reopening of China. On Friday, the three-month copper on the London Metal Exchange CMCU3 dropped by 0.6% to $8,436 per metric ton.
Dearth of large mines
Chinese research firm Antaike has predicted that global copper prices are set to fall to $7,000 per tonne or $3.18 per pound in the second half of this year due to lack of solid demand growth in the world’s second biggest economy.
“There are high cost companies that would go out of business if the copper prices fall below $3.50,” Hudbay Minerals CEO Peter Kukielski told Reuters earlier this month.
The lower copper price presents M&A opportunities for Hudbay, Kukielski said, but it will also get “squeezed” if the price of copper falls below $3.50.
With lack of large mines up for grabs, he is expecting that large miners will be looking to expand their production by acquiring smaller mines. Hudbay is also open to entertaining M&A offers at a right price.
In Canada, mines of junior producer Minto Metals also presents an M&A opportunity. Backed by investors such as Japan’s Sumitomo Corp, Minto Metals ceased operations abruptly in May over increased costs in running its mine in the Yukon, according to the company filings.
The Yukon government, which has taken control of the mine, told Reuters there are still significant copper reserves associated with the claims held by the company.
“It is possible that a creditor will make an application to court for the appointment of a receiver to manage Minto’s assets, which could potentially include a sale of the mine,” it added.
An analyst report by Royal Bank of Canada published in June has identified potential acquisition targets, which include Hudbay, First Quantum Minerals, Ivanhoe Mines and Capstone Copper CS.TO. First Quantum, Ivanhoe, Capstone did not offer an immediate comment.
First Quantum rejected an informal takeover offer from Barrick Gold, Bloomberg News reported last month. Barrick at that time said, it does not comment on market speculation.
In Australia, Queensland-based copper miner AIC Mines has cut back on some spending given current copper prices, which are now below its March production costs, Managing Director Aaron Colleran said.
“The recent weakness in the copper price has meant that we have curtailed some small discretionary capital spend but it has not impacted our longer term goals in any way,” Colleran added.
AIC had raised A$30 million ($20 million) equity in February to expand its copper production.
David Lennox, a mining analyst with Sydney-based private wealth management Fat Prophets, said it will be a problem if the copper price falls further and stays down for longer. “Then it’s a matter of how much cash have you got.”
“For a little pure play producer, they generally don’t have the financial or balance sheet strength to last very long.”
($1 = 1.4865 Australian dollars)
(Reporting by Divya Rajagopal in Toronto and Melanie Burton in MelbourneEditing by Denny Thomas and Marguerita Choy)
https://www.mining.com/web/smaller-miners-hunger-for-cash-grows-as-copper-prices-fall-sparking-ma-bets/
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Az4qzAAviPsCentral Banks are Loading up Gold and Silver - This will change the Prices Forever! Andy Schectman
Money Sense
ABCOURT FILES THE TECHNICAL REPORT AND THE PRELIMINARY ECONOMIC ASSESSMENT FOR THE SLEEPING GIANT PROJECT
Rouyn-Noranda, Canada, July 19, 2023 –
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that it has filed the Technical Report and the Preliminary Economic Assessment for the Sleeping Giant Project in accordance with National Instrument 43-101 – Disclosure Standards for Mining Projects. The technical report entitled “NI 43-101 Technical Report & Preliminary Economic Assessment for Sleeping Giant Project, Eeyou Istchee James Bay, Québec, Canada ” and dated July 19, 2023 (with an effective date of June 7, 2023) was prepared for Abcourt by the firm InnovExplo of Val-d’Or. The technical report is available on SEDAR (www.sedar.com) under Abcourt’s issuer profile.
https://abcourt.ca/en/news/abcourt-depose-le-rapport-technique-et-levaluation-economique-preliminaire-du-projet-geant-dormant/
The Abcourt’s news release dated June 7, 2023 (entitled “Abcourt releases a Positive Preliminary
Economic Assessment for its Sleeping Giant Gold Project”) summarized certain key results,
assumptions and estimates contained in the Technical Report filed on SEDAR.
Qualified Person
Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.
About Abcourt Mines Inc.
Abcourt Mines Inc. is an emerging gold producer and a Canadian exploration corporation with strategically located properties in northwestern Québec, Canada. Abcourt owns the Sleeping Giant mill and mine where it concentrates its activities.
For further information, please visit our website at www.abcourt.ca , and consult our filings under Abcourt’s profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
https://abcourt.ca/en/
https://abcourt.ca/en/projects/geant-dormant/
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.
$CDSG EXTENDS LITHIUM RICH SOUTH ZONE OVER 3.3 MILES EASTWARD AND SAMPLES UP TO 16,400 PPM IN NEW AREA
Las Vegas, NV., July 10, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the "Company" or "CDSG") is pleased to announce strong Lithium geochemical sampling results from additional surface sampling program at the company's Titan 1 lithium property in Tanzania.
As part of our continued 2023 exploration program at the Titan 1 lithium project, several additional soil geochemical sample lines were completed in various targeted areas to both follow up previous results and to attempt to define the outer boundaries of our huge lithium discovery.
Towards this effort, our technical team returned to the south portion of Titan 1 to prospect, survey and conduct new lines of soil sampling. This area, designated the 'South Block' contains a lithium anomaly both massive and high-grade, having an average grade of 4,318 ppm Li or 0.93% Li2O, which covers a total of 10,900 acres (44 square kms).
The new work targeted an area on the eastern side of the South Block where an isolated reconnaissance sample, MW67, located roughly 3.3 miles (5.3kms) out from the main survey returned strong lithium (9,000 ppm Li). Samples were collected via several in-fill lines between the MW67 and the South Block.
Results indicate generally very high grades of lithium in this new region, and with sample MW67, the positive lithium values averaging 6,314 ppm Li ( 1.36% Li2O). The highest value returned a strong 3.54% Li2O (16,400 ppm Li). Several nul values were returned, however, results are questionable due to fresh water drainage patterns.
Craig Alford, MSc, PGeo, CEO of the Company and a Qualified Person under NI 43-101, noted "We were very excited to finally link up the MW67 sample to the main tested area. Our field work continues to reveal very high-grade lithium values and this new survey will add substantially to acreage of the South Block. Titan 1 is proving to be the most exciting lithium target in the world."
Rigorous Quality control of the samples was maintained and all samples were prepared and analyzed at the independent and ISO 9001 certified African Minerals and Geosciences Centre (AMGC) in Dar es Salaam. Soil samples are all consistently removed from the B soil horizon, from a depth of 6 to 10 inches.
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium Inc., is a lithium explorer and developer.
Contact:
Harp Sangha-Chairman
harp@titanlithiuminc.com
+1-702-595-2247
titanlithiuminc.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
starboy Watch - BRICS Gold Plan Confirmed by Russian Sources
SD Bullion 61.9K subscribers
Silver market to enter a period of tightness unseen for decades – ANZ 07.07.23
https://www.fxstreet.com/news/silver-market-to-enter-a-period-of-tightness-unseen-for-decades-anz-202307071419
Blast from the Past
Mystery Pics of The Day
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Happened last year too !
Top 50 mining stocks lose $600bn in market value from peak
Frik Els | July 8, 2022
https://www.mining.com/top-50-mining-stocks-lose-1-2-trillion-in-market-value-from-peak/
and this just about does it for me here. I've tried my best keeping Corks board going but as you can see it's deader than a door nail. or something like that.
Wishing you all good luck !
Geocentric Resources
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