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Arizona Sonoran Copper makes big announcement valued at C$19.9m ($13.83m) with Hudbay Minerals

ByVictoria
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Under this agreement, Hudbay will subscribe for 11,852,064 common shares of Arizona Sonoran at C$1.68 per share.

Arizona Sonoran president and CEO George Ogilvie said: “We are pleased and appreciative to welcome this further endorsement of our project and the go-forward plan by the team at Hudbay. It is the company’s objective to develop Cactus to be a significant producer of copper cathodes for direct use by industry in the state of Arizona and the larger US supply chain.

“We welcome Hudbay, a mid-tier base metal producer with decades of base metal successes in the Americas and a strong existing footprint in Arizona, as a larger and increasingly engaged shareholder, able to lend its experience and expertise as we advance and develop Cactus.”

Source – Global Data

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Author Collin Plume predicts spike in silver

ByVictoria
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“Bitcoin disrupted global finance just a decade ago, now, silver is emerging as the next keystone of global transformation—poised to reshape industries, currencies and geopolitics.”

 “With reserves projected to run out in just 20 years, Plume predicts silver’s price could surpass $60 per ounce.”

According to Plume, nonsourced calculations are “showing the U.S. would need over 3.5 billion ounces [109,375 tons] of silver to transition to 100 percent solar power.” The writer and his publisher say this ties into “how China’s dominance in silver production threatens U.S. strategic interests.”

Source – Recycling Today

More Info on Author

Collin Plume author of Silver is the New Oil

Article on Collin Plume CSQ

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Gold recession warning

ByVictoria
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“I’m basing this whole forecast on the fact that the Fed is going to be wrong,” Hemke stated, emphasizing his belief that the current economic strength is overstated.

Craig Hemke is a precious metals analyst.

Source – The Jerusalem Post

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Trump Tariff Fears Spark Disconnect in Silver and Copper Markets

ByVictoria
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“Investors around the world have started the year looking for protection against sticky and potentially rising inflation, fiscal debt worries and the unpredictability of Trump,” said Ole Hansen, head of commodities strategy at Saxo Bank. 

“The market is sleepwalking into a squeeze right now,” Daniel Ghali, senior commodity strategist at TD Securities, said in an interview. “People are completely disregarding this risk.”

Source – Bloomberg / Yahoo Finance

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Northstar Completes Diamond Drill Program at Miller Copper-Gold Property New 15.76 Metre Copper Zone Discovery

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Vancouver, British Columbia–(Newsfile Corp. – January 9, 2025) – Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company”), is pleased to announce the recent completion of a 7 hole, 1,465 metre diamond drill program at the Company’s 100%-owned Miller Copper-Gold Property, situated 18 kilometres southeast of Kirkland Lake, Ontario.

Source – Newsfile Corp / Yahoo Finance

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Global Coin Announces Exclusive 2025 1oz Gold Eagles

ByVictoria
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Global Coin offers the 2025 1oz Gold Eagle in flawless NGC MS70 condition at dealer cost, including shipping and taxes. Early buyers receive a free 2025 Silver Eagle. Backed by an ironclad 30-day return policy, this exclusive promotion ends January 31, 2025.

To mark this special occasion, Global Coin is offering the Gold Eagle in flawless NGC MS70 condition for the dealer cost of $2,790, including shipping and taxes, through the end of January.

Promotion Details:

  • Duration: Offer valid through January 31, 2025, or while supplies last.
  • Bonus: A free 2025 Silver Eagle for the first 100 Gold Eagle buyers.
  • Quality: All coins are certified in flawless Mint State 70 condition, representing the highest standards of coin grading.
  • Shipping & Taxes: Included in the purchase price for seamless transactions.

Source – Business Insider / Markets Insider

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Gold up Silver down

ByVictoria
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The price of 24-carat gold surged by Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 78,830 according to the GoodReturns website. The price of silver fell by Rs 100, with one kilogram of the precious metal selling at Rs 92,400.

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,830.

Source – Business Standard

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Copper edges higher, tariff worries investors

ByVictoria
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“The market is really trying to understand how aggressive these potential tariffs could be and I think the problem is no one really knows the answer,” said Nitesh Shah, commodity strategist at WisdomTree.

Alastair Munro, senior base metals analyst at Marex, said copper found some support from contrarian buying from some Commodity Trade Advisor (CTA) investment funds, which are largely driven by computer programs.

Source – Reuters / Live Mint