Mining Discovery - The First Choice for Mining News and Insights

Canadian futures are flat as investors weighed developments in the Middle East and fresh corporate earnings, while bracing for a week of key U.S. economic data. S&P 500 and Nasdaq futures in the U.S. inched higher.

Gold stalled for the first time since its breakout out of the $4,000 - $4,200 range Tuesday as it made a two-month high and then reversed giving back earlier gains. August futures ended the day with a loss of $20.80 or 0.47% at $4,427. Other than yesterday, today’s closing price is still the highest since June 5th. The movers of gold in Tuesday’s session were based upon fundamental and technical forces, a shift from a market that recently has been driven purely of fundamentals.

Gold stalled for the first time since its breakout out of the $4,000 - $4,200 range Tuesday as it made a two-month high and then reversed giving back earlier gains. August futures ended the day with a loss of $20.80 or 0.47% at $4,427. Other than yesterday, today’s closing price is still the highest since June 5th. The movers of gold in Tuesday’s session were based upon fundamental and technical forces, a shift from a market that recently has been driven purely of fundamentals.

Vancouver-headquartered B2Gold has announced a leadership transition that will see long-serving president and CEO Clive Johnson retire at the company’s annual general meeting on June 4.

Ongoing geopolitical upheavals, most recently exacerbated by the conflict in the Persian Gulf, are forcing economies to systematically realign their international supply chains. In this environment, reliable commodity-producing jurisdictions are increasingly coming into focus, particularly for critical electrification metals such as copper. Power Metallic Mines (WKN: A40S32 | ISIN: CA73929R1055 | Ticker Symbol: IVV1) is positioning itself as an essential component of this new supply security with its 330 km² Nisk Project in resource-rich Québec, Canada. At the same time, the developer is diversifying its portfolio through an exploration project in Saudi Arabia, which is also receiving financial support from the Kingdom. The strategic importance of these assets is underscored by the financial commitment of industry giants in the commodities sector, such as Robert Friedland, Rob McEwen, and Gina Rinehart.

SYDNEY - Australia and Vietnam agreed on Tuesday to deepen their comprehensive strategic partnership, signing cooperation agreements spanning defence, agriculture and border security.

Idaho is a Mining State

Independent valuation opinion with listed comparables, precedent transactions and sum-of-the-parts analysis

Gold’s months-long price decline was a not a trend reversal but only a correction, with rising debt, high deficits, central bank buying and geopolitical fragmentation reinforcing gold's strategic role, while silver's outlook remains compelling due to constrained supply and growing demand, according to Maria Smirnova, Managing Partner at Sprott Inc. and Senior Portfolio Manager and Chief Investment Officer at Sprott Asset Management.