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Stocks Hover Near Record Highs on Mixed US Economic News
Yahoo Finance· 2026-01-07 16:21
Economic Indicators - Q3 nonfarm productivity is expected to increase by +4.7%, while unit labor costs are projected to rise by +0.3% [1] - Initial weekly unemployment claims are anticipated to rise by 12,000 to 211,000 [1] - December nonfarm payrolls are expected to grow by +59,000, with the unemployment rate projected to decrease by -0.1 to 4.5% [1] - Average hourly earnings for December are expected to increase by +0.3% month-over-month and +3.6% year-over-year [1] - October housing starts are expected to rise by +1.4% month-over-month to 1.325 million, and building permits are expected to increase by +1.1% month-over-month to 1.350 million [1] - The University of Michigan's January consumer sentiment index is expected to rise by 0.6 points to 53.5 [1] Labor Market - November JOLTS job openings fell by -303,000 to a 14-month low of 7.146 million, below expectations of 7.648 million [2] - December ADP employment change increased by +41,000, which is weaker than the expected +50,000 [2] - MBA mortgage applications rose by +0.3% in the week ending January 2, with the purchase mortgage sub-index down -6.2% and the refinancing sub-index up +7.4% [2] Stock Market Performance - Stock indexes are mostly higher, with the S&P 500 reaching a new all-time high and the Nasdaq 100 hitting a 3.5-week high [5] - The Dow Jones Industrial Average fell from a record high due to mixed economic news [5] - The 10-year T-note yield decreased by -2 bp to 4.15% [5] Sector Performance - Cybersecurity stocks are performing well, with Crowdstrike Holdings up more than +4% and Palo Alto Networks up more than +3% [13] - Chip makers and data storage companies are under pressure, with Western Digital down more than -7% [11] - Mining stocks are declining, with silver down more than -5% and copper down more than -3% [12] International Markets - Overseas stock markets are mixed, with the Euro Stoxx 50 down by -0.16% and China's Shanghai Composite up by +0.05% [7] - European government bond yields are decreasing, with the 10-year German bund yield dropping to a 1-month low of 2.792% [9]
Kuya Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $25.5 Million
TMX Newsfile· 2026-01-07 12:30
Core Viewpoint - Kuya Silver Corporation has increased its brokered private placement offering from $15,000,000 to $25,500,000 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of the sale of up to 25,500,000 units at a price of $1.00 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to acquire an additional common share at a price of $1.30 for a period of 36 months from issuance [2] - The offering will be completed under the LIFE Exemption and OSC Rule 72-503, allowing for distributions outside Canada [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, advancing the Bethania project in Peru, exploring the Silver Kings Project in Ontario, and discretionary growth capital [5] Group 3: Closing Timeline - The offering may close in multiple tranches, with the first tranche expected to close around January 14, 2026, and the final closing no later than February 20, 2026 [6]
Bayhorse Silver Announces Initial 2026 Work Program Objectives
TMX Newsfile· 2026-01-07 10:55
Core Viewpoint - Bayhorse Silver Inc. is advancing its work program for the first half of 2026, driven by strong silver and gold prices, which have increased investor interest and funding availability [1][8] Group 1: Work Program Overview - The work program includes completing a groundwater baseline study for the Full Operating Permit Application to resume underground mining operations at the Bayhorse Silver Mine, targeting up to 200 tons per day [1][5] - A limited bulk sample of 25 tons will be taken from three underground locations for metallurgical processing, with geochemical assays planned for both portions of the sample [2][3] - The program will also involve a minimum of five surface drill holes to test four identified IP targets, extending from the mine access road [4][5] Group 2: Resource and Production Details - The Bayhorse Silver Mine has a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t), equating to approximately 6.3 million ounces of silver [9] - The company has received over $650,000 from the exercise of warrants and options, facilitating the acceleration of its work programs [1][8] - The milling and flotation processes will utilize a state-of-the-art 40 ton per hour Steinert Ore-Sorter, which reduces waste rock by up to 85% [9] Group 3: Environmental and Technical Aspects - The groundwater baseline study will include installing testing pumps and conducting independent groundwater tests, with samples analyzed by Pace Environmental Labs [1][3] - The Sorter Reject material has been previously tested and shows an acid/base analysis (ABA) of 29, indicating it is not acid generating, which is crucial for mine permitting [3][7] - The company plans to conduct a full antimony leach pilot program on the flotation concentrate, aiming to confirm high leaching rates of antimony [5][7]
Hecla Mining (HL) Rockets to All-Time High on Silver Rush. Time to Sell?
Yahoo Finance· 2026-01-07 00:51
We recently published 10 Stocks With Eye-Popping Double-Digit Gains; 4 Hit All-Time Highs. Hecla Mining Company (NYSE:HL) was one of the top performers on Tuesday. Hecla Mining soared to a new all-time high on Tuesday, mimicking the rally in spot prices of silver, as investor funds shifted to safer assets amid ongoing geopolitical tensions, while repositioning portfolios ahead of business updates. At intra-day trading, the stock climbed to its highest price of $22.18 before trimming gains to finish the ...
Silverco Completes Promontorio Dewatering; Rehabilitation Work Underway
TMX Newsfile· 2026-01-06 22:11
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Silverco Mining Ltd. (TSXV: SICO) ("Silverco" or the "Company") is pleased to announce several key operational and technical milestones at its 100%-owned Cusi Project in Mexico. The Company has successfully completed the dewatering of the underground workings at Promontorio and has commenced early rehabilitation works as part of its plan to restart production.Highlights and Upcoming Milestones:Dewatering Complete: Underground workings at the ...
Southern Silver Intersects 10.4 metres Averaging 743g/t AgEq at Cerro Las Minitas Project in Durango, México
TMX Newsfile· 2026-01-06 17:18
Core Insights - Southern Silver Exploration Corp. has reported significant assay results from its drilling program at the recently acquired Puro Corazon claim, indicating high-grade silver mineralization [1][2][3] Drilling Results - The highlight assay from drill hole 25CLM-205 includes a 10.4 metre interval averaging 365g/t Ag, 0.1g/t Au, 0.1% Cu, 7.8% Pb, and 8.2% Zn, equating to 743g/t AgEq, with a notable 3.9 metre interval averaging 688g/t Ag [1][4] - Drill hole 25CLM-203 previously reported a 10.5 metre interval averaging 1,115g/t AgEq, showing continuity in high-grade mineralization [1][3] - Additional mineralized zones were identified in drill holes 25CLM-202 and 25CLM-204, correlating with previously modeled mineralization in the El Sol deposit [2][3] Exploration Program - The current drilling program consists of 21 planned holes, with 16 completed, totaling 6,820 metres drilled, and an anticipated total of 12,000 metres to explore the Puro Corazon claim [3][4] - The company expects to receive final assay results by the end of Q1 2026, with ongoing drilling activities resuming after a short break [3][4] Future Plans - The results from the Puro Corazon drilling program will be integrated into the larger Cerro Las Minitas project, which is expected to enhance project economics [8][9] - The company plans to update the Mineral Resource Estimate and the Preliminary Economic Assessment (PEA) for the Cerro Las Minitas project [9][10]
Agnico, Aya and Gunnison lead MDC December rankings
MINING.COM· 2026-01-06 15:29
Core Insights - The December Global Mining Power Rankings highlighted Agnico Eagle, Aya Gold & Silver, and Gunnison Copper as top performers, driven by investor sentiment, rising commodity prices, and effective execution strategies for 2025 [1][2]. Large-Cap Companies - Agnico Eagle led the large-cap category with 11.9% of votes, benefiting from consistent production across multiple countries and strong cost control, resulting in a 116% share price increase in Toronto and 125% in New York over the past year [3][4][5]. - The company reaffirmed its 2025 production outlook of 3.3 to 3.5 million ounces of gold and reported approximately $3.1 billion in free cash flow for the first nine months of 2025, positioning it for significant shareholder returns [5][6][7]. Small-Cap Companies - Aya Gold & Silver won the small-cap title with 6.4% of votes, driven by a 160% surge in silver prices and operational achievements, including the commercial production of its Zgounder mine [11][12][13]. - The company also released a preliminary economic assessment for its Boumadine project, indicating rapid capital payback under current metals prices [13][14]. Micro-Cap Companies - Gunnison Copper topped the micro-cap category with 7.2% of votes after producing its first pure copper cathode at the Johnson Camp Mine, transitioning from developer to operating producer ahead of schedule [18][20]. - The company received approximately $13.9 million in US Department of Energy tax credits, enhancing its funding position for expanded domestic copper production [21][22].
Goldcliff Advances Ainsworth Silver Project, Defines Trench and Drill Targets in High-Grade Dellie-No 1 Corridor
Accessnewswire· 2026-01-06 14:00
VANCOUVER, BC / ACCESS Newswire / January 6, 2026 / George Sanders, President of Goldcliff Resource Corporation ("Goldcliff" or the "Company") (TSXV:GCN)(OTC PINK:GCFFF), reports that results from the Company's 2025 exploration program at the Ainsworth Silver Project, when integrated with historical and prior-year datasets, have significantly refined multiple targets for follow-up trenching and drilling. The work has outlined a highly prospective 1.1-kilometre north-south trend, extending from north of the ...
Rio Silver Highlights High-Grade Silver up to 6.26 g/t Au and 991 g/t Ag (28.9 oz per metric tonne) over 0.70 metres at Maria Norte and Advances a Clear Near-Term Development Path in Peru
Globenewswire· 2026-01-06 12:30
NI 43-101 Work Confirms High-Grade Epithermal Silver System, Favorable Metallurgy, Existing Infrastructure, and Strong Community Engagement in Huachocolpa DistrictVANCOUVER, British Columbia, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) (“Rio Silver” or the “Company”) is pleased to provide an update on its Maria Norte gold-silver-lead-zinc Project in central Peru, following the completion of recent technical work and site activities conducted in accordance with National Instru ...
Kuya Announces Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption up to $15 Million
TMX Newsfile· 2026-01-06 12:30
Toronto, Ontario--(Newsfile Corp. - January 6, 2026) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce a "best efforts" brokered private placement, co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc., for the issuance of up to 15,000,000 units of the Company (each, a "Unit") at a price of CAD$1.00 per Unit for aggregate gross proceeds of up to CAD$15,000,000 (the "Offering"). The Offering is being completed pursuant ...