Safe assets
Search documents
X @Ash Crypto
Ash Crypto· 2025-10-23 20:06
RT Harry (@iharryonX)Bitcoin has pumped 8.5x to $126,000 from the bottom of $15,400 in November 2022.US stocks are at an all-time high.Gold added $15 trillion to its market cap.With massive liquidity, all these big assets are absolutely exploding. While ETH is struggling to break its 2021 ATH of $4800, and altcoins are making new lows every week.But here is the reason why it’s happening. If you look closely, investors are only betting on safe assets right now.Gold - Biggest store of valueBitcoin - digital g ...
SSR Mining Temporarily Suspends Operations at Its Seabee Mine
ZACKS· 2025-06-09 15:46
Core Insights - SSR Mining Inc. has temporarily suspended operations at the Seabee mine in Canada due to power outages caused by nearby forest fires [1][8] - The Seabee mine produced 26,001 ounces of gold in Q1 2025, reflecting a year-over-year increase of 9.4% [2][8] - Despite the operational halt, SSR Mining's shares rose by 3% and reached a 52-week high of $13.33, driven by high gold and silver prices [4][8] Production and Financial Outlook - SSR Mining expects the Seabee mine to produce between 70,000 to 80,000 ounces of gold for the full year of 2025 [3] - The cost of sales for the mine is projected to be between $1,230 and $1,270 per payable ounce, with an all-in sustaining cost (AISC) anticipated to be between $1,710 and $1,750 per payable ounce for 2025 [3] Market Performance - Silver prices have reached a 13-year high above $36 per ounce, while gold prices have also seen significant increases, currently around $3,320 per ounce [5] - SSR Mining's share price has surged by 147.9% over the past year, contrasting with a 2.2% decline in the industry [7] Strategic Moves - The recent acquisition of the Cripple Creek & Victor mine from Newmont Corporation positions SSR Mining as the third-largest gold producer in the United States, expected to boost annual production by 170,000 ounces of gold [6]