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Copper Jumps, Keeping Markets Mixed Below All-Time Highs
ZACKS· 2025-07-08 23:06
Tuesday, July 8, 2025Market indexes started out mixed in today’s pre-market, and there they remained throughout the trading session. Some early chop back and forth eventually gave way to flat levels into the close. The Dow, which spent virtually all day in the red, was down -422 points at today’s lows, but closed -165 points, -0.37%.The S&P 500 and the Nasdaq both rode either side of breakeven all day long, eventually settling at -0.07% on the S&P and +0.03% on the Nasdaq. The small-cap Russell 2000, which ...
Wheaton Precious Metals to Release 2025 Second Quarter Results on August 7, 2025
Prnewswire· 2025-07-08 21:00
Group 1 - Wheaton Precious Metals Corp. will release its 2025 second quarter results on August 7, 2025, after market close [1] - A conference call to discuss the results will take place on August 8, 2025, at 11:00 am ET [1] - The conference call will be recorded and available until August 15, 2025, at 11:59 pm ET [1] Group 2 - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company with a high-quality portfolio of long-life, low-cost assets [2] - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [2] - Wheaton boasts some of the highest cash operating margins in the mining industry, enabling it to pay competitive dividends and pursue growth through accretive acquisitions [2]
X @BBC News (World)
BBC News (World)· 2025-07-08 19:30
US will hike tariffs on copper to 50%, Trump says https://t.co/uXvO2Zddo3 ...
Trump: I believe we're going to make tariff on copper 50%
CNBC Television· 2025-07-08 17:36
Megan Cassella is in Washington with the latest. And Megan, he's continuing to make some headlines on the tariff front. What can you tell us.Absolutely, Kelly. A lot of talk about trade in this meeting, which has gone for over an hour now meeting with his cabinet. And there the biggest news we've gotten so far on the trade front is the president appearing to announce a few minutes ago that he will be imposing a new 50% tariff on all imports of copper.Take a listen. So, we're going to be announcing pharmaceu ...
RGLD to Boost Portfolio With Sandstorm Gold & Horizon Copper Buyout
ZACKS· 2025-07-08 16:26
Key Takeaways Royal Gold will acquire Sandstorm Gold in an all-stock deal valued at $3.5 billion. RGLD will buy Horizon Copper for $196 million in cash, pending Sandstorm deal completion. Sandstorm Gold deal expands RGLD's portfolio with producing, development, and exploration-stage assets.Royal Gold, Inc. (RGLD) announced that it inked agreements to acquire Sandstorm Gold Ltd. (SAND) and Horizon Copper Corp. These transactions will reinforce Royal Gold’s position as a leading North American precious meta ...
Best Momentum Stock to Buy for July 8th
ZACKS· 2025-07-08 12:26
Group 1: Dundee Precious Metals - Dundee Precious Metals is engaged in the acquisition, exploration, development, mining, and processing of precious metals, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Dundee Precious Metals' current year earnings has increased by 24.7% over the last 60 days [1] - The company's shares gained 32.5% over the last three months, outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [2] Group 2: Booking Holdings - Booking Holdings is one of the largest online travel companies globally, also holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Booking Holdings' current year earnings has increased by 0.9% over the last 60 days [3] - The company's shares gained 39.9% over the last three months, significantly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4] Group 3: Lloyds Banking Group - Lloyds Banking Group is a UK-based financial services company providing a range of banking and financial services, also holding a Zacks Rank 1 [4] - The Zacks Consensus Estimate for Lloyds Banking Group's current year earnings has increased by 2.6% over the last 60 days [4] - The company's shares gained 27% over the last three months, slightly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4]
Endeavour Silver Produces 1,483,736 Oz Silver and 7,755 Oz Gold (2.5 Million Silver Equivalent Oz) in Q2 2025
Globenewswire· 2025-07-08 11:15
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) reports second quarter 2025 production of 1,483,736 silver ounces (oz), 7,755 gold oz, and in combination with base metal production a silver equivalent(1) (“AgEq”) total production of 2.5 million oz. All dollar amounts are in US dollars ($). "We delivered strong and consistent production in the second quarter,” said Dan Dickson, Chief Executive Officer of Endeavour Silv ...
Starcore Announces Spin-Out of African Properties
Newsfile· 2025-07-08 06:30
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces its intention to spin out its exploration interests in various permit and permit applications in a highly prospective region of Cote d'Ivoire, West Africa. Through its wholly-owned subsidiary, Starcore currently has interests over land holdings covering an aggregate area of 1,393 km2 which includes the exploration permit granted to its Kimoukro Gold Project.Sta ...
Brixton Metals Announces Flow-Through Private Placement of $2.3 Million
Globenewswire· 2025-07-07 11:30
Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce a non-brokered private placement offering (the “Offering”) of 17,692,308 flow-through common shares of the Company (each, a “FT Share”) at a price of $0.13 per FT Share for gross proceeds of $2,300,000. Each FT Share will be issued as a “flow-th ...
Almaden Provides Update on Arbitration Procedure with Mexico
Globenewswire· 2025-07-07 11:30
Core Viewpoint - Almaden Minerals Ltd. is engaged in international arbitration against the Mexican government under the CPTPP, claiming damages of US$1.06 billion due to the unlawful expropriation and termination of its mineral concessions related to the Ixtaca precious metals project [1][15]. Group 1: Arbitration Proceedings - A public copy of the Memorial document filed by Almaden regarding its arbitration claim is now available on the ICSID website [1]. - Almaden and Almadex Minerals Ltd. are pursuing the claim on behalf of themselves and their Mexican subsidiaries, asserting that Mexico's actions led to the complete loss of their investment in the Ixtaca project [2]. - The Memorial outlines Mexico's breach of obligations under the CPTPP, including unlawful expropriation without compensation, failure to provide fair treatment, and discrimination against the Claimants [3]. Group 2: Mexico's Response - Mexico has requested the arbitration panel to establish a separate phase to consider jurisdictional objections, arguing that the Claimants lack standing due to specific bylaws of their Mexican subsidiaries [4]. - Almaden considers Mexico's bifurcation request to be flawed and an attempt to delay the proceedings [5]. Group 3: Background of the Claim - The claim is rooted in a lawsuit filed by an ejido community against Mexico, challenging the constitutionality of the mineral title system due to lack of Indigenous consultation [6]. - The ejido community is located outside the Project's area of influence, and Almaden attempted to address their concerns by relinquishing part of its mineral title [7][8]. - The AMLO regime, which came to power in 2018, is noted for its hostility towards foreign mining companies [9]. Group 4: Legal Developments - In 2022, Mexico's Supreme Court ruled that the mineral titles issued to the Claimants were improperly granted without Indigenous consultation, leading to the suspension of these titles [10][11]. - Despite efforts to comply with the court's ruling, the Company faced further obstacles, including a denial of access to the relevant authorities [12][13]. - Ultimately, the mineral rights were cancelled, and Indigenous consultation did not occur, resulting in significant harm to the Claimants [14][15]. Group 5: Damages and Legal Representation - The Claimants are seeking damages of US$1.06 billion, which may be updated based on future market conditions [15]. - Legal counsel for the arbitration includes Boies, Schiller, Flexner, LLP, and RíosFerrer + Gutiérrez, S.C. [16].