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Gold sags after flash crash, stocks bulls take a breather
Yahoo Finance· 2025-10-22 09:10
Group 1: Gold and Silver Market - Gold and silver prices experienced significant volatility, with gold dipping below $4,100 an ounce after a more than 5% drop on Tuesday, marking the sharpest pullback in over five years [1][2] - The recent decline in gold prices is attributed to profit-taking and a general market correction after a strong performance, with no clear catalyst identified for the drop [1][2] - Analysts noted that gold was "massively overbought," indicating a potential for further market corrections in other sectors as well [2] Group 2: Global Equity and Bond Markets - European stocks, represented by the STOXX 600 index, fell by 0.3% after nearing a record high, while major Asian markets also showed declines [2] - Despite the selloff in gold, other safe-haven assets like bonds remained stable, with European government debt yields largely unchanged [3][4] - The U.S. Treasury yields reached a one-year closing low, influencing global borrowing costs and prompting investors to buy UK 'gilts' following steady inflation data [4][5] Group 3: Geopolitical Factors - Geopolitical tensions are affecting market sentiment, with uncertainty surrounding planned summits between U.S. President Trump and leaders from Russia and China [3] - The ambiguity in international relations is contributing to market volatility, although it has not significantly impacted safe-haven assets like bonds [3] Group 4: Economic Stimulus in Japan - Japan's new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is expected to exceed last year's 13.9 trillion yen ($92.19 billion) to assist households with inflation [6]
New Pacific Metals Closes C$40.4 Million Bought Deal Financing
Prnewswire· 2025-10-21 12:54
Core Viewpoint - New Pacific Metals Corp. has successfully closed a bought deal financing, raising approximately C$40.42 million through the sale of 11,385,000 common shares at C$3.55 per share, including an over-allotment option exercised by underwriters [1][2]. Financing Details - The offering was completed through a syndicate of underwriters and was based on an underwriting agreement dated October 15, 2025 [1][3]. - Silvercorp Metals Inc. subscribed for 3,083,536 shares, amounting to approximately C$10.95 million, while Pan American Silver Corp. subscribed for 1,263,416 shares, totaling approximately C$4.49 million [2]. Ownership Structure - Following the offering, Silvercorp owns approximately 27.99% and Pan American owns approximately 11.47% of the outstanding common shares of New Pacific [2]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development at the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes [4]. Regulatory Information - The offering was conducted under a prospectus supplement dated October 15, 2025, and the shares issued have not been registered under the U.S. Securities Act [3][5].
Pinnacle Strengthens Mexican Management Team
Thenewswire· 2025-10-21 12:30
VANCOUVER, BRITISH COLUMBIA, October 21, 2025 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce the appointment of Carlos Castro Villalobos as Project Manager for the high-grade El Potrero gold-silver project in Durango, Mexico.   Ing. Castro is a highly experienced Mining Engineer, having built and operated mines for a number of companies throughout Mexico.In addition, the Qualified Person (QP) for the project and ...
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Emerging as Leader in New Class of Mining Juniors
Globenewswire· 2025-10-21 12:30
Core Insights - ESGold Corp. is highlighted in an editorial by NetworkNewsWire, indicating its growing recognition in the investment community [1] - A significant sector rotation is occurring as investors shift focus from overvalued growth sectors like technology to real assets, particularly precious metals producers [2] - Gold and silver prices are reaching all-time highs while equity markets are also rallying, creating a unique investment environment [2] - A new class of junior mining companies is emerging, characterized by fully funded and permitted projects with near-term cash flow potential, exemplified by ESGold Corp. [3] Company Overview - ESGold Corp. is a fully permitted, preproduction resource company focused on clean mining and exploration innovation, with expertise in Quebec [4] - The company's flagship Montauban property, located 80 kilometers west of Quebec City, is noted for its responsible mining practices and potential for district-scale discovery [4]
Discovery Announces Resource Development Agreement with Taykwa Tagamou Nation
Globenewswire· 2025-10-21 11:55
RDA Agreement establishes framework for a cooperative, mutually beneficial and respectful relationship between Discovery and TTNTORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced that the Company and Taykwa Tagamou Nation (“TTN”) have entered into a Resource Development Agreement (“RDA”). The RDA is intended to establish a framework for ongoing consultation and communication for the purpose of establishing a cooperative, ...
Allied Gold Announces Filing of Prospectus Supplement in Connection With Previously Announced Overnight Marketed Equity Offering
Globenewswire· 2025-10-20 23:08
Core Viewpoint - Allied Gold Corporation has filed a prospectus supplement to qualify the public distribution of 6,400,000 common shares at an offering price of $27.35 per share as part of an overnight marketed equity offering [1][2] Group 1: Offering Details - The closing of the offering is expected on or about October 24, 2025, subject to satisfaction of closing conditions and listing requirements of the Toronto Stock Exchange and New York Stock Exchange [2] - The prospectus supplement and base shelf prospectus are accessible on SEDAR+ and can be obtained from Stifel Nicolaus Canada Inc. [3] Group 2: Company Overview - Allied Gold Corporation is a Canadian-based gold producer with a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali, and Ethiopia [5] - The company aims to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior global gold producer [5]
How Silver Can Shine in Your Portfolio
Etftrends· 2025-10-20 18:18
Core Insights - The recent performance of silver has been noteworthy, with a significant year-to-date increase of 61.39% as of September 30, marking the highest prices in over 15 years [2][3] - Silver is highlighted as a valuable addition to investment portfolios, offering diversification benefits, especially when combined with gold and gold mining equities [2][3] Silver's Performance and Potential - Silver's price increase is attributed to chronic underinvestment and supply deficits, alongside its dual role as both a monetary and industrial metal [3] - The potential for silver to catch up in value is emphasized, suggesting that disciplined management and improved balance sheets in gold miners position them favorably compared to previous cycles [3] Investment Vehicles - The Sprott Silver Miners & Physical Silver ETF (SLVR) has shown strong performance, with a net asset value (NAV) increase of 48.97% over the last three months as of September 30 [4] - The Sprott Active Gold & Silver Miners ETF (GBUG) has also performed well, with a NAV increase of 48% over the same period, providing exposure to both gold and silver miners [5]
District Copper Forms Strategic U.S. Partnership with Reacher Gold LLC to Unlock Precious and Base Metals Opportunities
Newsfile· 2025-10-20 12:30
Core Insights - District Copper Corp. has formed a strategic partnership with Reacher Gold LLC to explore and develop precious and base metals opportunities in the U.S. market [1][2] - This partnership marks District Copper's entry into the U.S. metals market, leveraging Reacher Gold's expertise to identify high-potential copper, gold, and silver assets [1][2] - The collaboration aims to accelerate District Copper's U.S. expansion and uncover near-term production opportunities that complement its existing Canadian portfolio [2][3] Company Overview - District Copper Corp. is a Canadian exploration company focused on advancing its 100% owned Copper Keg project in British Columbia and pursuing a binational strategy in precious and base metals [4] - The company aims to unlock near-term exploration value and position itself as a leader in North America's resource growth [4] Partner Overview - Reacher Gold LLC is a Nevada-based company specializing in identifying undervalued U.S. mineral exploration properties, including those with historical production and verified stockpiles [5] - The company has access to a variety of mining projects, from early-stage exploration to those with brownfields exploration potential in mining-friendly jurisdictions [5]