silverinvesting
Following rumors of a potential joint bid, BHP (ASX:BHP,LSE:BHP,NYSE:BHP) and Lundin Mining (TSX:LUN,OTC Pink:LUNMF) have entered into an agreement to acquire Filo (TSX:FIL,OTCQX:FLMMF) for C$4.5 billion. The acquisition will see BHP and Lundin Mining form a 50/50 joint venture that will include the Filo del Sol project, owned by Filo, and Lundin Mining's Josemaria project. Both are located in Argentina near the Chilean border. “Our copper-gold-silver exploration success at Filo has been unmatched since spinning the Company out in 2016, and now is the right moment to hand the project off to it...
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Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG) and Florida Canyon Gold (TSXV:FCGV,OTC Pink:FCGVF) announced plans to merge, saying they want to create a leading gold and silver producer in the US' Great Basin. The agreement involves Integra acquiring all of Florida Canyon's outstanding shares. In return, Florida Canyon shareholders will receive 0.467 of an Integra share for each Florida Canyon share held. According to the companies, this exchange ratio values Florida Canyon shares at C$0.69 each, totaling approximately C$95 million. The transaction was announced on Monday (July 29), and is exp...
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Data from the US Bureau of Economic Statistics shows that inflation continues to cool in the release of June’s personal consumption expenditures (PCE) price index on Friday (July 26). The report shows that the June PCE increased by 0.1 percent month-over-month over May, up slightly from May’s 0.0 growth. On an annualized basis the PCE increased 2.5 percent, down from the 2.6 percent year-over-year increase reported in May, both coming in line with expectations. When it comes to prices, the Bureau indicated a 0.2 percent decrease in goods compared to May, but this was offset by a 0.2 percent in...
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Speaking on the sidelines of the Rule Symposium, Brent Cook, founder of Exploration Insights, shared his thoughts on the resource sector, saying he remains most keen on companies making discoveries. "I think we're going to see more discoveries. There is money going into the sector, and there's good people, smart people getting money. So it's going to get better for the discovery stage," he said. From a jurisdiction standpoint, he's interested in Argentina, as well as Australia and Canada's Yukon. Cook mentioned that Joe Mazumdar, editor of Exploration Insights, has recently visited AbraSilver ...
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Dana Samuelson of American Gold Exchange discussed his outlook for gold and silver prices in both the short and long term, and mentioned which physical products he recommends investors look into. "I wouldn't be surprised to see silver make a US$5 or US$10 move from here very quickly, especially if gold can break a little above its all-time high," he explained on the sidelines of the the Rule Symposium. He was speaking a week before gold did exactly that. Samuelson added, "If gold makes a run at a new high and gets into the US$2,500 (per ounce) range, I think silver could be US$45, US$50 (per o...
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Lobo Tiggre, CEO of IndependentSpeculator.com, shared his updated thoughts on gold, silver and uranium. When it comes to gold, he pointed to a "powerful mover" that he thinks could be in play — a change in global portfolio allocations to the yellow metal. Historically the allocation has been 2 percent, but more recently it's been 0.5 percent. "I think that what we're seeing is that changing. And maybe it doesn't go back to 2 percent, but if it just goes back to 1 percent, that doubles the investment demand for gold from where we are now," he said. Looking at silver, he said lately it's correla...
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Mexico-focused mining company Avino Silver & Gold (TSX:ASM,NYSEAMERICAN:ASM) reported a year-on-year increase in silver production in its second quarter results for 2024. In a Tuesday (July 16) press release, the company reported total production of 616,571 silver equivalent ounces from its Avino and La Preciosa mines in Mexico, marking a 5 percent increase compared to the same quarter in 2023. Its silver production saw a 26 percent hike year-on-year to reach 292,946 ounces of the white metal. In contrast, Avino's copper production was down 10 percent year-on-year, with 1.3 million pounds prod...
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Speaking at this year's Rule Symposium, which ran from July 7 to 11, Rick Rule, proprietor at Rule Investment Media, shared his updated thoughts on the US economy, including whether a recession is on the horizon. In his view, it's not guaranteed — he said investors may want to begin to expect one, but hope they end up being wrong. When asked about how gold tends to perform in a recession, Rule said it often goes lower at first if the recession is accompanied by a liquidity squeeze. After that, it depends on how the US Federal Reserve responds. "If they respond to a recession by lowering the no...
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Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shared his next price target for gold, as well as his outlook for silver and precious metals miners in the months and years to come. While he expects a stock market correction to weigh on these assets, they are set to perform well before and after. "When I'm looking at the daily chart of gold, it is pointing to about US$2,650 to US$2,750 (per ounce) for gold over the next two to three months. So I'm still very bullish on gold," Vermeulen said during the conversation. Watch the interview above for his full thoughts on those an...
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Speaking to the Investing News Network, Chen Lin of Lin Asset Management shared his outlook for silver, explaining that the white metal could move quickly to the US$50 per ounce level once market participants realize how large the divide between supply and demand really is. When asked about the most important drivers for silver right now, he pointed to the solar industry, noting that two to three years ago it was consuming 100 million ounces of silver; that amount rose to 200 million ounces last year. This year, the Silver Institute is projecting a further 40 million ounces of solar demand, bu...
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