Nasdaq Commodities

Silver demand is forecast to reach its second highest level in 2024 at 1.2 billion ounces, driven by industrial segments including photovoltaics and electric vehicles. The high demand is coming alongside flat production growth and is creating a situation that would seemingly be ripe for a price breakout. However, the first months of the year saw the white metal trading in the US$22 per ounce to US$24 per ounce range. The end of February saw a shift in the market and the price of silver started to make significant gains. With a contraction of US manufacturing and the belief of a June rate cut from the Federal Reserve seeming more likely silver saw gains from precious metals investors and reached a quarterly high of US$25.71 on March 20 before going on to set an 11-year high of US$28.85 on April 14. How have these prices benefited silver stocks on the TSX and TSX Venture Exchanges? These five companies have seen the biggest gains since the start of the year, all had market caps over C$10 million at that time. Data was gathered using TradingView's stock screener on April 02, 2024. 1. GR Silver Mining (TSXV:GRSL) {"@context":"http://schema.org","@type":"Corporation","name":"GR Silver Mining Ltd.","url":"https://www.grsilvermining.com","description":"GR Silver Mining Ltd. is a Mexico-focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District.","tickerSymbol":"TSXV:GRSL","sameAs":[]} Press Releases Company Profile Year-to-date gain: 137.5 percent; market cap: C$49.63 million; current share price: C$0.19GR Silver Mining is a small-cap exploration and development company that is working to advance its Rosario mining district in Sinaloa, Mexico to production. The district consists of three core mining areas: Plomosas, San Marcial and La Trinidad. The company’s primary focus has been on the development of Plomosas and neighboring San Marcial, a 9,764-hectare land package that hosts a past-producing silver, gold, lead and zinc underground mine. In March 2023, the company released an updated mineral resource estimate for Plomosas reported total indicated quantities of 97 million ounces of silver equivalent, with additional inferred quantities of 53 million ounces of silver equivalent.Shares of GR Silver saw significant gains alongside a rising silver price and a March 4 news release. In the announcement, GR Silver reported that it had started small bulk sampling and test mining at Plomosas. The company will use existing permits and infrastructure to undertake the sampling with up to 4,500 MT of ore per month being used for metallurgical sampling from historic mine sites. GR Silver reached a quarterly share price high of C$0.17 on March 28. Buy now , 2. Defiance Silver (TSXV:DEF) {"@context":"http://schema.org","@type":"Corporation","name":"Defiance Silver Corp.","url":"http://www.defiancesilver.com","description":"Defiance Silver Corp is a Mexico-based silver, gold, copper, and polymetallic exploration and development company actively engaged in advancing two major projects in Mexico, including the Zacatecas silver projects in the historic mining region of Zacatecas, and the Tepal copper-gold project in Michoacan, Mexico.","tickerSymbol":"TSXV:DEF","sameAs":[]} Press Releases Company Profile Year-to-date gain: 54.17 percent; market cap: C$34.40 million; current share price: C$0.185Defiance Silver is an exploration company working to advance its district-scale Zacatecas silver project in Zacatecas, Mexico. The project consists of a 4,300 hectare land package and includes four project areas: San Acacio, Lucito, Panuco and Lagartos. Both San Acacio and Lagartos have seen previous exploration and mining activity.On January 15, the company announced results from its 2023 drill program at the San Acacio target, reporting well-developed silver and zinc values with elevated gold and copper. This includes a highlighted assay of 223.53 g/t silver over 12.82 meters with an interval of 306.86 g/t silver over 7.79 meters.The most recent news from the project came on April 15, when the company provided an update on a surface-sampling campaign from the Lucita target. It shows widespread high-grade polymetallic mineralization and returned highlighted grades of up to 795 g/t silver from Lucita North and 2,350 g/t from Lucita South. The company said the results reinforce the district-scale potential at Zacatecas.Shares of Defiance reached a quarterly high of C$0.135 on March 18. Buy now , 3. Avino Silver and Gold Mines (TSX:ASM) {"@context":"http://schema.org","@type":"Corporation","name":"Avino Silver & Gold Mines Ltd.","url":"http://www.avino.com","description":"Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper. The company generates most of its revenues through the sale of silver produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.","tickerSymbol":"TSX:ASM","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647954&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647954&width=210"} Company Profile Year-to-date gain: 42.25percent; market cap: C$132.60 million; current share price: C$1.01Avino Silver and Gold Mines is a precious metals miner with two primary silver assets: the producing Avino silver mine and the neighboring La Preciosa project in Durango, Mexico.Avino, the company's only producing asset, features 2,500 MT per day ore processing capabilities, and according to its management’s discussion and analysis for 2023, was responsible for the extraction of 928,643 ounces of silver, 7,335 ounces of gold and 5.3 million pounds of copper. While within the company's guidance, there was a 6 percent decrease in silver production over 2022, when it produced 985,195 ounces in the same time frame.In addition to its mining operation, Avino is also working to advance its La Preciosa project toward the production stage. The site covers 1,134 hectares, and according to a resource estimate from its February 2023 technical report, holds measured and indicated quantities of 98.59 million ounces of silver and 189,190 ounces of gold. On February 28, the company provided an update for La Preciosa, saying it was preparing for the first phase of production at the Gloria and Abundancia veins. Avino also stated it has the equipment necessary to commence operations at the site once it receives the necessary environmental permits, which it expects later in 2024. Avino's share price marked a quarterly high of C$0.84 on March 28. Buy now , 4. Southern Silver Exploration (TSXV:SSV) {"@context":"http://schema.org","@type":"Corporation","name":"Southern Silver Exploration","url":"https://southernsilverexploration.com/","description":"Developing One of the World’s Largest High-Grade Undeveloped Silver Projects","tickerSymbol":"TSXV:SSV","sameAs":["https://twitter.com/Southern_Silver"],"image":"https://investingnews.com/media-library/southern-silver-exploration-tsxv-ssv.png?id=29760922&width=980","logo":"https://investingnews.com/media-library/southern-silver-exploration-tsxv-ssv.png?id=29760922&width=210"} Press Releases Company Profile Year-to-date gain: 40.63 percent; market cap: C$56.85 million; current share price: C$0.225Southern Silver Exploration is a small-cap exploration company focused on the advancement of its Cerro Las Minitas project. Located in Durango, Mexico, the project is comprised of 25 mining concessions covering an area of 34,450 hectares within a region that has produced more than 3 billion ounces of silver. To date, Southern Silver has conducted more than 97,384 meters of drilling across 226 holes and has identified seven mineral deposits.Its most recent resource estimate from March 2023 produced indicated quantities of 140 million ounces of silver from 12.5 million MT ore with an average grading of 106 g/t silver, and additional inferred quantities of 210 million ounces from 21 million MT ore with an average grading of 118 g/t silver. No further updates about the project have been provided since the start of the year. Shares have been trading alongside a sharp gain in silver prices and reached a quarterly high of C$0.175 on March 13. Buy now , 5. Gatos Silver (TSX:GATO) {"@context":"http://schema.org","@type":"Corporation","name":"Gatos Silver Inc.","url":"https://www.gatossilver.com","description":"Gatos Silver, Inc. is a U.S.-based silver company focused on high-grade, large silver deposits in geopolitically stable jurisdictions. The company's flagship asset is the Los Gatos District, including the Cerro Los Gatos Mine in Chihuahua, Mexico.","tickerSymbol":"TSX:GATO","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647947&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647947&width=210"} Company Profile Year-to-date gain: 39.21percent; market cap: C$793.84 million; current share price: C$11.93Gatos Silver is a silver-focused production and exploration company. Its flagship asset is the Cerro Los Gatos mine and district south of Chihuahua City, Mexico. The site consists of 14 predominantly silver, lead and zinc mineralization zones, and is a joint venture with Dowa Metals and Mining (TSX:5714), which holds a 30 percent stake in the operation; Gatos owns the remaining 70 percent. On February 21, the company released its full-year results for 2023, indicating it had produced 9.2 million ounces of silver, marking a decline from the 10.3 million ounces produced in 2022. However, the company said it improved operational efficiencies to offset inflationary pressure to lower the all-in-sustaining costs (AISC) to the lower end of 2023 guidance. In the release, it also said that it expects similar production totals for 2024 and within a range of 8.4 million to 9.2 million ounces of silver at an AISC of US$9.50 to US$11.50 per payable ounce. The company expects exploration efforts at the South-East deeps target will further extend the life of the mine. In an update on April 9, the company reported that production through Q1 was near the top end of guidance with 2.37 million ounces produced, slightly off the 2.43 million from the same period in 2023.Shares of Gatos reached a quarterly high of C$11.63 on March 20. Buy now , Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - Natural gas rose above Friday’s high on Monday before triggering a breakout above the top of a symmetrical triangle at 2.01 (B). The high of the day at the time of this writing was 2.04, which was followed by an intraday pullback. Of interest will be the daily clos

FXEmpire.com - Natural Gas Natural Gas 290424 Daily Chart Natural gas gains ground as traders focus on Freeport LNG resumption and bet on a rebound from recent lows.

FXEmpire.com - Gold Gold 290424 Daily Chart Gold gains some ground as traders focus on the upcoming Fed Interest Rate Decision, which will be released on Wednesday. U.S. dollar’s pullback and falling Treasury yields provide additional support to gold markets.

Newmont (TSX:NGT,NYSE:NEM) released its Q1 results on April 25, saying it is on track to achieve guidance.In Q1, the world's largest gold miner reported attributable gold production of 1.7 million ounces, up from the previous year's 1.3 million ounces. The company's shares rose as much as 13.57 percent on the news to hit US$43.84. Emphasizing the strength of its Tier 1 gold and copper assets, Newmont said it generated US$776 million in cashflow from operating activities during the period, net of working capital changes of US$666 million. The company continues working to divest non-core assets and streamline its workforce to reduce debt following the completion of its approximately US$17 billion acquisition of Australian miner Newcrest in November."Given the strong gold price environment, we believe that future asset sales may prove well timed with respect to maximizing value received for these assets," National Bank of Canada Financial Markets analysts said. Newmont highlights performance of Tier 1 assets Newmont's Q1 performance demonstrated strong output across its managed Tier 1 assets.Despite challenging conditions, the Tanami mine in Australia maintained solid production levels as planned, even amid heavy rainfall. The company said plant maintenance conducted during the quarter positions Tanami for improved production in the upcoming quarter, reflecting proactive operational management.Similarly, Newmont's Boddington operation, also in Australia, successfully increased stripping activities in both the North and South pits, according to the planned schedule. The implementation of autonomous haul fleet technology contributed to enhanced material movement, driving operational efficiency at the site.For its part, the Peñasquito mine in Mexico reported robust silver and lead production in the first quarter of the year, indicating strong operational performance. With gold production anticipated to be 60 percent weighted toward the second half of the year, Peñasquito's strategic planning remains on track.Strong Q1 production at Ahafo in Ghana was attributed to the continued optimization of the processing circuit. Infrastructure improvements, such as the delivery of a girth gear, are set for replacement in May this year. Australia's Cadia mine demonstrated exceptional performance by delivering the highest grades as planned. Ongoing progress on tailings expansion projects positions Cadia for sustained production growth in the future.Lihir in Papua New Guinea advanced its full potential initiatives, aiming to generate over US$150 million in value. Preparations for an autoclave shutdown in Q3 aim to optimize production weighting for the first half of the year.In addition to its strong operational performance, Newmont made significant strides in advancing key projects during the first quarter of the year. Its Tanami Expansion 2 project aims to enhance production efficiency and reduce operating costs. The construction of a 1.5 kilometer deep production shaft is underway, and the company expects it to reduce operating costs by approximately 30 percent through efficiency improvements.The development of Ahafo North, a new mine with a 13 year life and an average annual production target of 300,000 ounces of gold, is also progressing steadily. Infrastructure construction and waste-stripping activities are advancing, with the company putting a strong emphasis on safety and productivity. Lastly, Newmont's Cadia Block Caves project focuses on the development of two caves to recover 5.9 million ounces of gold reserves and 1.3 million metric tons of copper reserves. Company on track to achieve 2024 guidance The gold price took off during the first quarter, rising approximately 8.2 percent from January to March, enabling Newmont to realize higher prices per ounce compared to the previous year.However, the company has also faced challenges this year, with operations at its Cerro Negro mine in Argentina suspended for investigation following the deaths of two workers on April 9. Despite this setback, Newmont remained resilient, posting net income of US$0.55 per share on an adjusted basis, surpassing estimates of US$0.36 per share, according to LSEG data.The company attributed part of its success to reduced costs, including lower contractor, diesel and energy expenses. Nonetheless, all-in sustaining costs for gold production rose to US$1,439 per ounce from US$1,376 per ounce in the previous year, reflecting broader industry trends.Looking ahead, Newmont is maintaining its 2024 production forecast of 6.9 million ounces of gold at an all-in-sustaining cost of US$1,400 per ounce. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - Natural Gas Technical Analysis It looks like we are going to continue to grind back and forth in the natural gas markets as we just don’t have anywhere to be. This is a market that, if you’re a short term scalper, okay, you have a market to trade in as it’s fairly

FXEmpire.com - U.S. Natural Gas Market Update U.S. natural gas futures edged higher early Monday on the New York Mercantile Exchange, attempting to stabilize after last week’s sharp decline, which saw prices plummet to their lowest since late March. This modest rebound came as th

The gold price corrected this week, even falling briefly below US$2,300 per ounce. While that's down from levels of over US$2,400 earlier this month, most experts aren't concerned about the yellow metal's price activity.I asked Craig Hemke of TFMetalsReport.com about the recent pullback, and he said that it's completely normal — he noted that nothing ever goes straight up, and emphasized that a "two steps forward, one step back" pattern is healthy.With that said, Hemke does see strong upside potential for the precious metal in 2024. He said there are a lot of technical targets that line up with US$2,650 or US$2,700, and said that's probably the next point to watch for. While those heights won't necessarily be achieved this year, he thinks gold could finish the period at US$2,400 or US$2,500."Let’s just say, maybe we can finish the year at US$2,400, US$2,500. That would be a pretty good year, that would be 20 percent — that would double what the average has been since the turn of the century” — Craig Hemke, TFMetalsReport.comGold's price activity comes against a backdrop of interesting economic data. Friday (April 26) brought the latest personal consumption expenditures (PCE) price index numbers out of the US, and they show that the all-items gauge rose 2.7 percent year-on-year and 0.3 percent from the previous month. PCE is the US Federal Reserve's preferred measure of inflation, and it's in focus as the central bank gears up to meet next week.Attracting perhaps even more attention was Thursday's (April 25) GDP report, which shows that the US economy grew at an annualized rate of 1.6 percent during Q1, down from 3.4 percent in Q4 of last year. With inflation still not in line with the Fed's 2 percent goal, experts are now concerned that a stagflationary scenario could be building. Bullet briefing — Anglo rejects BHP, copper hits US$10,000 Anglo rejects BHP's US$39 billion offerMajor diversified miner BHP (ASX:BHP,LSE:BHP,NYSE:BHP) turned heads this week when it made a US$39 billion takeover offer for Anglo American (LSE:AAL,OTCQX:AAUKF), another global powerhouse. "The combined entity would have a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper" — BHPBHP has touted potential synergies, but Anglo American doesn't see it the same way — the company quickly rejected the proposal, calling it "opportunistic" and saying it fails to value its prospects. BHP is widely expected to make another bid.Copper price hits US$10,000A tie up between BHP and Anglo American would create the world's largest copper miner, and the possible deal has directed even more attention to the red metal. Copper has been in focus since mid-March, when Chinese smelters announced plans to work together to cut output. The move came on the back of reduced supply of the red metal, which forced the smelters to drastically reduce treatment and refining charges.Since then, there's been broader recognition of copper's tight supply and demand fundamentals, and this week brought prices to US$10,000 per metric ton for the first time in two years. While Chinese demand could be a pain point, usage from the green energy transition is expected to boost copper in the years to come. Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.And don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

London-based Anglo American (LSE:AAL,OTCQX:AAUKF) has rejected mining behemoth BHP's (ASX:BHP,LSE:BHP,NYSE:BHP) US$38.8 billion bid to acquire the company. "The BHP proposal is opportunistic and fails to value Anglo American's prospects, while significantly diluting the relative value upside participation of Anglo American's shareholders relative to BHP's shareholders," said Anglo Chairman Stuart Chambers in a Friday (April 26) statement. BHP's offer for the company was made public on Thursday (April 25). The proposal, whose aim is to create the world's largest copper miner while divesting Anglo's iron ore and platinum assets in South Africa, has been met with mixed reactions from market watchers.BHP is keen to gain access to Anglo's copper mines in Chile and Peru. Combined, their output would total around 2.6 million metric tons annually, surpassing competitors such as Freeport-McMoRan (NYSE:FCX) and Chile's Codelco. Will BHP kick off mega M&A deals? BHP's offer of 25.08 pounds (US$31.39) per Anglo share is a premium of 31 percent from Wednesday's (April 24) closing price. If completed, it would be BHP's second big acquisition in a year after its 2023 purchase of OZ Minerals.It would also be the first mega deal among the world's largest diversified miners in over a decade.After years of caution following a series of failed transactions, including an attempted acquisition of Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) in 2007, BHP may now be poised to lead a resurgence in M&A activity.Beyond copper, the proposal also holds implications for BHP's potential venture into the diamond business, as Anglo American holds an 85 percent stake in diamond giant De Beers. Unlike Anglo American Platinum and Kumba Iron Ore, which BHP wants to see distributed to shareholders before proceeding, Anglo's diamond business would be subject to a strategic review post-transaction. ​Industry reactions and future implications Todd Warren, an Anglo shareholder and portfolio manager at Tribeca Investment Partners in Sydney, said BHP’s first offer only sought to feel out Anglo’s stance, adding that he does not expect BHP to give up easily."With regards to a price, I think it's pretty clear that the initial shot fired is just that. It’s just the first shot — it's not their best and final. We would need to see more money on the table before we sold our shares,” he said.As mentioned market analysts and industry leaders have offered mixed reactions to the proposed deal. While some shareholders have expressed concern over the quality of BHP's bid, others anticipate further interest in Anglo, potentially igniting additional large-scale consolidation within the mining sector. Analysts at Jefferies, led by Christopher LaFemina, told Fortune that BHP’s first bat will lead to more bids emerging.They indicated that an offer valuing Anglo at US$42.6 billion, representing a 28 percent premium based on its latest share price, could be sufficient to push the deal across the finish line.BHP's 2023 copper production of about 1.2 million metric tons on an equity basis surpasses Anglo's output of 826,000 metric tons; combined they would have a substantial 10 percent share of global mine supply. However, analysts have cautioned that antitrust issues may pose a significant challenge, as governments often view copper as a strategic mineral. The proposal for Anglo may also prompt other mining giants to make moves. Rio Tinto, the second largest mining company, has been actively investing in copper production, while Glencore (LSE:GLEN,OTC Pink:GLCNF) made an unsuccessful bid for Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) last year before eventually reaching a deal for the Canadian company's coal assets.For their part, BHP investors remain optimistic about the prospect of restructuring the offer to secure the deal."I am a bit surprised that the deal is not an agreed deal. It likely means BHP will need to offer more to win over shareholders and management and risks creating unhelpful animosity," said Pendal portfolio manager Brenton Saunders in comments to Reuters. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - Gold Cycle Indicator Our Gold Cycle Indicator finished at 236; we hedge our mining portfolio once it advances above 350.

FXEmpire.com - Natural Gas Technical Analysis You can see that we continue to just hang around the same area right around the 20 day EMA. That’s not a huge surprise this time of year because Natural gas does almost nothing. So, unless you’re a short term scalper, there’s really n

FXEmpire.com - Natural Gas Market Update U.S. natural gas futures softened on Friday, marking a monthly low in early trading. The focus among investors shifted to the latest U.S. Energy Information Administration (EIA) report, which indicated an unusually large injection into gas

FXEmpire.com - Market Overview Oil prices experienced a slight increase in Asian trading on Friday, positioning for a weekly gain amidst continuous geopolitical tensions in

James Henry Anderson, senior market analyst at precious metals dealer SD Bullion, shared his thoughts on gold and silver, including what factors are moving the metals right now and where they could go in 2024. In his view, the precious metals sector is undergoing a tectonic shift with far-reaching impacts. "Ultimately I think US$2,400 (per ounce gold) is going to be looked back in time as being cheap," he said.Watch the interview above for more of Anderson's thoughts on gold and silver. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in 2024. Gold took off, setting the quarter’s high of US$2,264.52 per ounce on March 31, with momentum continuing to set an all-time high of US$2,426.56 per ounce on April 12.Despite gold’s solid performance at the end of 2023 and continued high prices in 2024, it didn’t translate to gold stocks. They saw little movement through the first 10 weeks of the year. It wasn’t until after gold’s dramatic breakout that some of the major gold stocks saw some upward momentum.How have these gains affected small cap gold stocks on the TSXV? These are the biggest movers through the start of the year. Data for this article was retrieved on April 2, 2024, using TradingView's stock screener, and only companies with market capitalizations greater than C$10 million are included. 1. Contact Gold (TSXV:C) {"@context":"http://schema.org","@type":"Corporation","name":"Contact Gold Corp.","url":"http://www.contactgold.com","description":"Contact Gold Corp is an exploration company. It is engaged in the acquisition, exploration, and development of exploration properties in Nevada. The company has two geographic segments: Canada and the United States of America. The projects of the company are Pony Creek, South Carlin and many more. It derives most of its revenue from United States.","tickerSymbol":"TSXV:C","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648095&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648095&width=210"} Press Releases Company Profile Year-to-date gain: 200 percent; market cap: C$10.57 million; current share price: C$0.03Contact Gold is a gold exploration company that is working to create a district-scale gold property in Nevada, US.Its Pony Creek project consists of a 43.8 square kilometer land package that has hosted exploration since the 1980s. Since acquiring the property in 2016, Contact has conducted more than 25,000 meters of drilling across 118 holes, identifying five zones of gold mineralization. The company released a maiden resource estimate for the asset in January 2022, reporting 433,000 inferred ounces of gold from 25.72 million metric tons (MT) of ore with an average grade of 0.52 grams per MT (g/t). Contact’s Green Springs property lies along the southern end of Nevada’s Cortez Trend and consists of a 19.5 square kilometers land package that hosts three past-producing open-pit mines that produced 74,000 ounces of gold in the late 1980s. In December 2022, Centerra Gold (TSX:CG,NYSE:CGAU) entered into a US$10 million earn-in agreement to potentially gain a 70 percent stake in Green Springs over a four year period. Shares of Contact have been trending up since the February 26 news that Orla Mining (TSX:OLA,NYSE:ORLA) will acquire all of the company's issued and outstanding common shares through a definitive arrangement agreement. The deal will allow Orla to consolidate the Railroad-Pinion district in Nevada by combining Contact’s Pony Creek property with Orla’s adjacent South Railroad project. Shares of Contact gold reached a quarterly high of C$0.03 on March 6. Buy now , 2. Falco Resources (TSXV:FPC) {"@context":"http://schema.org","@type":"Corporation","name":"Falco Resources","url":"https://www.falcores.com","description":"Falco Resources Ltd is engaged in the exploration and evaluation of its mineral properties in the Rouyn-Noranda district for the base and precious metals.","tickerSymbol":"TSXV:FPC","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51213161&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51213161&width=210"} Press Releases Company Profile Year-to-date gain: 192.31 percent; market cap: C$103.2 million; current share price: C$0.36Falco Resources is a gold exploration and development company operating within the Abitibi Greenstone Belt in Québec, Canada. Its flagship asset is the Horne 5 project, which consists of 67,000 hectares of land in the Noranda Mining Camp and includes 13 historic gold and base metals mining sites. A March 2021 feasibility study update for Horne 5 would see an average annual production of more than 220,000 ounces of gold with a mine life of over 15 years. This would generate a C$761 million after-tax net present value with an 18.9 percent rate of return and an average all-in-sustaining cost of $587 per ounce. Shares of Falco saw gains early in the year following a news release on January 24, when the company announced it had executed an operating license and indemnity agreement with Glencore (LSE:GLEN:OTC Pink:GLCNF). Under the terms of the deal, Falco will gain access to a portion of lands that it will use to advance Horne 5. The deal will also establish a technical committee to ensure that operations at Horne 5 do not interfere with Glencore's Horne smelter. Additionally, Glencore will gain the right to require remediation, suspension or risk mitigation in order to protect its Horne smelter. Glencore will also have the right to a seat on Falco’s board of directors. The most recent news from the Horne 5 project came on March 27, when Falco confirmed the admissibility of an environmental impact assessment from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. Falco can now move forward to the public hearing process for the asset. The share price for Falco reached a quarterly high of C$0.37 on March 28. Buy now , 3. PPX Mining (TSXV:PPX) {"@context":"http://schema.org","@type":"Corporation","name":"PPX Mining Corp.","url":"https://www.ppxmining.com","description":"PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.","tickerSymbol":"TSXV:PPX","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648069&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648069&width=210"} Company Profile Year-to-date gain: 150 percent; market cap: C$33.71 million; current share price: C$0.05PPX Mining is a precious metals company that is focused on its Igor project, which contains the operating Callanquitas underground mine, located in the Otuzco province of Northern Peru.In a prefeasibility study for Igor, which was amended in January 2022, the company indicates that the 1,300 hectare site previously hosted small-scale mining operations and hosts a 50 MT per day gold-processing plant from the 1980s. PPX is currently working to upscale processing at the site through the construction of a 350 MT per day carbon-in-leach and flotation plant that will be used to process oxide and sulfide ore from Callanquitas.An updated resource estimate for Callanquitas released by the company this past January shows measured and indicated amounts as oxides of 81,090 ounces of gold and 2.9 million ounces of silver. The inferred resource as sulfides stands at 34,450 gold equivalent ounces at 4.63 g/t gold equivalent.Shares of PPX saw gains following news on March 12 that the firm has signed a letter of intent with Silver Crown Royalties for US$2.5 million in funding in exchange for a 15 percent silver royalty from Igor. Under the terms of the arrangement, which can be expanded, the royalty is currently set to expire upon the delivery of 250,000 ounces of silver, or after five years, whichever comes later. This funding will be put toward a new processing plant.The company followed with additional funding news on April 18, when it closed a C$1.35 million private placement with proceeds earmarked to finance further exploration at Igor. PPX shares reached a quarterly high of C$0.60 on March 13. Buy now , 4. Sun Peak Metals (TSXV:PEAK) {"@context":"http://schema.org","@type":"Corporation","name":"Sun Peak Metals Corp.","url":"http://www.sunpeakmetals.com","description":"Sun Peak Metals Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals. It is focused on the exploration and discovery of gold and copper targets on the Shire Project in Ethiopia. The Shire Project is comprised of four exploration licenses and covers more than 1,000 square kilometers in northern Ethiopia.","tickerSymbol":"TSXV:PEAK","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648078&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648078&width=210"} Company Profile Year-to-date gain: 135.71 percent; market cap: C$42.68 billion; current share price: C$0.495Sun Peak Metals is a gold exploration company operating in the Arabian Nubian Shield in Ethiopia. Its flagship Shire project consists of six exploration licenses covering an area of 1,450 square kilometers in the northern part of the country. Early work by Sun Peak has revealed approximately two dozen gold and copper targets at the site. Work on the project was stymied in November 2020 as war broke out between the Ethiopian government and the Tigray People’s Liberation Front. Operations at Shire remained suspended until February 7, when the company announced that a force majeure put in place to protect workers during the conflict had been lifted on three licenses. The company said it expects the restrictions on the remaining three licenses to be lifted at a later date. The company’s most recent announcement came on April 4, when it commenced drilling at Shire. Sun Peak has 6,000 to 7,000 meters planned for 2024 and will focus on the Hamlo prospectSun Peak's share price hit a high of C$0.54 for the quarter on March 12. Buy now , 5. Bluestone Resources (TSXV:BSR) {"@context":"http://schema.org","@type":"Corporation","name":"Bluestone Resources","url":"https://www.bluestoneresources.ca","description":"Bluestone Resources Inc is a natural resource company. It is engaged in the process of exploring mineral resource properties.","tickerSymbol":"TSXV:BSR","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51148719&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51148719&width=210"} Company Profile Year-to-date gain: 134.78 percent; market cap: C$75.8 million; current share price: C$0.54Bluestone Resources is a gold exploration and development company operating out of Guatemala. Its flagship property is the Cerro Blanco gold project, located near the town of Asunción Mita 160 kilometers from Guatemala City.In a resource estimate from July 2021, the company reported measured and indicated amounts of 3,089,000 ounces of gold and 13,445,000 ounces of silver at the site. Bluestone is also developing the Mita geothermal project, which will provide power for the mine when it is complete.Shares of Bluestone soared early in the year following an announcement on January 18, when the company said that an amendment to its environmental permit for Cerro Blanco was approved by the Guatemalan government. The initial application for the site was for the development of an underground mine, but in November 2021 Bluestone applied for an amendment to switch to surface mining. The company said the change will increase the size of the project's layout, but the fundamental elements will remain unchanged.Shares of Bluestone reached a quarterly high of C$0.59 on January 18. Buy now , Don’t forget to follow us @INN_Resource for real-time updates! Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - Natural gas breaks down from a symmetrical triangle on a drop below Wednesday’s low before finding support at 1.60 and bouncing. The high for the day was 1.675, which completed a test of resistance at the long-term downtrend line. Support is around the most recent

FXEmpire.com - Natural Gas Natural Gas 250424 Daily Chart Natural gas tests new lows as traders react to the EIA Weekly Natural Gas Storage Report, which indicated that working gas in storage increased by 92 Bcf from the previous week.

FXEmpire.com - Gold Gold 250424 Daily Chart Gold rebounds as demand for safe-haven assets is rising after the release of the disappointing U.S. GDP Growth Rate report.

First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) reported its Q1 results on Tuesday (April 23), revealing a net loss of US$159 million (US$0.21 per share) and an adjusted loss of US$154 million (US$0.20 per share).The company's gross profit came in at US$156 million, with EBITDA at US$180 million, both lower than last year.These downturns have been attributed to disruptions at First Quantum's Cobre Panama mine, which led to it being taken offline and placed in a preservation and safe management phase in November 2023.With those circumstances in mind, First Quantum emphasized its commitment to managing its finances. The firm completed a "comprehensive refinancing package" during Q1, along with other initiatives to strengthen its balance sheet, and said this has given it the ability to deliver the S3 expansion at its Zambian Kansanshi copper-gold mine. “The company’s outlook reflects First Quantum’s enduring commitment to the success of our Zambian operations,” said CEO Tristan Pascall. “We recognize the challenges Zambia faces from the drought this year, particularly in regard to food security, even as we are pleased to be finalizing agreements to ensure adequate power supply to Trident and Kansanshi."As its stands, the Kansanshi S3 expansion project is progressing as planned, with construction activities underway and the majority of capital spending expected in 2024. First production is anticipated in 2025. Regarding production, First Quantum's total copper output for the first quarter was 100,605 metric tons (MT), with copper sales volumes slightly exceeding production. Kansanshi reported copper production of 31,473 MT, while Sentinel reported 62,225 MT. Enterprise produced 4,031 MT of nickel, with a focus on ramping up mining operations.Looking ahead, First Quantum anticipates being able to secure power independently from alternative sources in response to power supply reductions in Zambia. Additionally, the company remains actively engaged in managing preservation and safe management costs at Cobre Panama and adjusting its operations accordingly. Rippling effects from Cobre Panama closure First Quantum's sales revenues declined from US$1.22 billion in the previous quarter to US$1.04 billion in Q1, reflecting the impact of the production halt at Cobre Panama and operational adjustments in response to external factors.This decrease was partially offset by improved gross profit, which rose from US$87 million in Q4 2023 to US$156 million in Q1, indicating enhanced operational efficiency and cost-management measures undertaken by the company.In terms of operational performance, First Quantum reported a general decrease in copper production to 100,605 MT in Q1 2024, compared to 160,200 MT in the fourth quarter of last year.Gold production and sales, along with nickel production and sales, also exhibited fluctuations across operations.In anticipation of the upcoming national elections in Panama, the company remains optimistic about the prospect of resolving the dispute surrounding Cobre Panama. Among other points, First Quantum has expressed confidence in its ability to remove already mined copper concentrate from the site post-election.“Obviously, in the context of election politics and a strong debate around that, the balance of probability probably spills over after the election,” said Pascall during a conference call. Cobre Panama, which accounted for about 1 percent of global copper output and contributed significantly to First Quantum's revenue, has been a focal point of negotiations between the company and Panama's government. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

South32's (ASX:S32,OTC Pink:SHTLF) latest quarterly report reveals how Tropical Cyclone Megan has impacted its Australian manganese operations in Groote Eylandt, located in the country's Northern Territory.The company reported a 13 percent decline in saleable production of the metal at the location, amounting to a reduction of 352,000 wet metric tonnes over the nine month period ended in March of this year.The cyclone, which wreaked havoc on March 16 and 17, unleashed rainfall of 681 millimetres accompanied by powerful wind gusts, marking it as the second strongest cyclone to hit the area in the past two decades.The extreme weather inflicted damage on critical infrastructure at South32's manganese site, notably the wharf responsible for shipping manganese ore and a haulage bridge connecting mining areas to processing facilities.Despite the setback, the company witnessed progress elsewhere, with aluminum production seeing a 1 percent increase year-to-date, with record production achieved at Hillside Aluminium and Brazil Aluminium ramping up.For its part, the Cannington operation in Australia recorded a 15 percent uptick in payable zinc equivalent production, attributed to higher metal grades and effective mitigation strategies following adverse weather. Illawarra Metallurgical Coal, which South32 has agreed to sell to Golden Energy and Resources and M Resources, saw a significant 60 percent increase in saleable coal production, driven by improved longwall performance. Conversely, Sierra Gorda experienced a 13 percent decrease in payable copper equivalent production due to lower planned copper grades.Regarding the resumption of operations in Groote Eylandt, the company expects a delay due to the extensive damage.Engineering studies are currently underway to assess the extent of the damage to the wharf and haulage road bridge, with the aim of informing the final schedule and capital costs for restoration. Preliminary estimates suggest that wharf operations and export sales are anticipated to resume in the third quarter of the firm's 2025 fiscal year. Development and exploration updates​ On the development side, South32 announced plans in Q1 to move forward at its Taylor deposit. "We approved development of the Taylor zinc-lead-silver deposit at our Hermosa project, which is expected to deliver attractive returns over multiple decades and unlock further value as the first phase of our regional scale opportunity,” said CEO Graham Kerr. Taylor is located at the company's Hermosa project in Arizona. This decision from South32 came after a comprehensive feasibility study confirming the project's potential to be a long-term, low-cost and low-carbon operation. The company expects to invest approximately US$2.16 billion in capital expenditure, and anticipates first production from Taylor in the second half of its 2027 fiscal year.The company remains committed to other exploration and development activities at Hermosa as well. Future areas of growth include the Clark manganese deposit and polymetallic prospects like Peake and Flux. Don't forget to follow us @INN_Australia for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.