silverstocks
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...
Investing News Network
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 ...
Investing News Network
Speaking to the Investing News Network, Joe Mazumdar, editor of Exploration Insights, explained how he's getting low-risk exposure to the gold sector as the metal's price continues to move. Given that inflation remains an issue for miners, he's focusing on small gold royalty companies. "That's what I've been trying to do to invest in a rising gold price and some growth, but without the creep of costs," he said. Mazumdar also discussed two recent site visits, one of which was to see AbraSilver Resource's (TSXV:ABRA,OTCQX:ABBRF) Diablillos silver-gold project in Argentina. He is optimistic about...
Investing News Network
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...
Investing News Network
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...
Investing News Network
The copper market's current state presents both a challenge and an opportunity for explorers like Prismo Metals (CSE:PRIZ,OTCQB:PMOMF,FWB:7KU), Steve Robertson, the company’s new president, told the Investing News Network. A forecast supply deficit looms on the horizon and is expected to take full effect by 2025, prompting a sense of urgency among copper producers and explorers alike. "For quite some time now ... there's been a deficit, this forecast for 2025," Robertson said, pointing to a critical market juncture. This imbalance is being influenced by the complex nature of copper mining, whi...
Investing News Network
Speaking to the Investing News Network, Chris Ritchie, president of SilverCrest Metals (TSX:SIL,NYSEAMERICAN:SILV), shared his thoughts on how inflation continues to impact gold and silver miners, and explained why his company has chosen to hold precious metals on its balance sheet in this environment. SilverCrest's Las Chispas operation in Mexico went into production about two years ago, and Ritchie said that after paying back all of its debt in seven months the company had to decide what to do with the cash it had coming in. "Some of the knee-jerk responses were, 'Let's go build a new mine.'...
Investing News Network
Metals Acquisition (MAC) (NYSE:MTAL,ASX:MAC) has signed a strategic investment deal with Polymetals Resources (ASX:POL), which is working to restart the Endeavor silver-zinc-lead mine and processing plant. The transaction will see MAC make an initial AU$2.5 million investment in Polymetals for a 4.31 percent interest in the company. An additional AU$2.5 million is on the table subject to several conditions outlined in a Monday (May 27) press release, including Polymetals securing enough funding to restart the mine and processing plant. The companies will also have to enter into a water offtake...
Investing News Network
John Feneck, partner and portfolio manager at Feneck Consulting, shared his thoughts on gold, silver, copper and uranium, outlining his outlook for these commodities and stocks he's currently watching. Starting with gold, he said he thinks it's proven itself as a safe-haven asset, with more "smart money" now getting involved. At the same time, he sees gold-mining companies starting to put on positive performances. "We're off to the races in gold producers in terms of doing well at the earnings level, and that gets the attention of big money ... (and) that's what's needed to generate more inter...
Investing News Network
David Erfle, editor and founder of Junior Miner Junky, shared his thoughts on gold, explaining what factors have pushed it to new levels, why it's now consolidating and how high it could go in 2024. In his view, the yellow metal started to break out for macroeconomic reasons, and picked up momentum when tensions in the Middle East heated up. With the situation now looking calmer, gold has pulled back. Erfle said gold could correct all the way back down to US$2,200, but emphasized that he remains bullish. "It could correct down to US$2,200 and still be in an uptrend," he explained. "Gold's got ...
Investing News Network
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら