A clear example of why mining project valuation should be dynamic is the Cerro Caliche project, in Mexico, which can have its net present value (NPV) valuation increase by $253-million using updated commodity prices, says analytics platform Stormlands Mining.
A silver exploration and development company with mining projects in Mexico, Sinda, has filed a registration statement with the US Securities and Exchange Commission relating to a proposed initial public offering of its common stock on the NYSE.
Spot gold and silver prices are higher in late-afternoon U.S. trading Thursday, as weaker crude oil, softer Treasury yields and a lower U.S. dollar supported precious metals ahead of Friday’s May employment report. At the time of writing, spot gold was trading near $4,477.70 an ounce, up 0.97%, while spot silver was trading at $73.955, up 1.66% on the session.
TSX-V-listed Silver X Mining Corporation has secured 100% ownership of the Ccasahuasi gold project, in Peru, from Barrick Mining Corporation, which now consolidates full ownership of the 42 303 oz contained gold project.
US silver miner Sunshine Silver Mining & Refining Company raised $270-million in its initial public offering (IPO) on NYSE om Wednesday, joining a growing number of companies rushing to seize buoyant investor enthusiasm for fresh listings.
Rising inflation pressures due to the ongoing war in Iran mean investors will have to wait a little longer for gold to break out of its current consolidation phase, according to Carsten Fritsch, commodity analyst at Commerzbank.
Spot gold prices are lower and spot silver prices are sharply lower in early U.S. trading Wednesday, as rising oil prices, a firmer U.S. dollar and renewed U.S.-Iran hostilities offset safe-haven demand. At the time of writing, spot gold was trading near $4,451.70 an ounce, down 0.81%, while spot silver was trading near $74.105, down 1.37% on the session.
Having confirmed a low-cost and low-risk development opportunity to produce 1.8-million ounces of gold over a 14-year mine life at the Hualilán project in Argentina, ASX-listed Challenger has poured its first gold bar from the project under a toll milling agreement with fellow-listed Austral Gold’s Caspaso Argentina Mining business.
TSX-listed gold and silver miner Rockhaven has garnered approval from the Energy, Mines and Resources Branch of the Yukon government to extract high-grade direct shipping oxide material from its wholly-owned Klaza deposit.
Coinbase, the second-largest cryptocurrency exchange by daily trading volumes and the largest in the United States, has launched gold and silver perpetual futures for eligible non‑U.S. traders, bringing two of the world’s most established store‑of‑value assets into the crypto derivatives ecosystem.
