Loading ...This could be broadly interpreted
“The changes would also prevent the exploitation of water in areas with water scarcity, with the exception of extraction in populated areas for domestic use…”
PROPOSAL TO BAN OPEN-PIT MINING ADVANCES IN MEXICAN CONGRESS
BREAKING NEWS
PROPOSAL TO BAN OPEN-PIT MINING ADVANCES IN MEXICAN CONGRESS
Mexico is the biggest silver producer on the planet.
My bad
Thank you for clarifying their results for me……
Will look through and certainly keep an eye on this one…..
WDO results
- Consolidated gold production was 44,035 ounces at cash costs per ounce1 of $1,286 (US$940) and all-in sustaining costs (“AISC”) per ounce1 of $1,977 (US$1,445).
- Net income increased to $29.1 million, or $0.19 per share, an increase of $34.1 million from the corresponding quarter in 2023 and $18.4 million from the first quarter of 2024.
- Cash margin1 increased to $76.2 million or by more than 2.5 times relative to the prior year quarter mainly due to an increase in ounces sold, a higher average realized gold price and lower cash costs.
- Operating cash flow was $57.1 million, or $0.38 per share1, $43.1 million higher than the corresponding period in 2023 mainly due to the higher cash margin.
- Free cash flow1 of $28.4 million was $33.7 million higher than the corresponding period in 2023 mainly due to higher operating cash flow partially offset by an increase in capital expenditures.
- Available liquidity of $200.7 million includes $50.7 million in cash and $150.0 million of undrawn capacity available under the Company’s revolving credit facility.
deer79
Wesdome has released it’s earning for the quarter. There is a link below.
Cheers
The Ukrainian incursion into Russia makes the world a more dangerous place
Western Battle Tanks Are Invading Russia: Sky News
https://www.zerohedge.com/geopolitical/western-battle-tanks-are-invading-russia-sky-news
Adogsbody
I don’t know anything about Wesdome, but just tried to look at headlines to see if anything popped up….
According to Globe Newswire (story dated July 9), quarterly earnings were supposed to be disseminated on August 14….
As far as I can see, nothing has been released yet?????The stock is down almost 6% today on only 44,000 shares….
Perhaps it’s something to watch…..
WDO Wesdome
Great results
down 5%
sell the news I guess?
Dog
Opportunities In Gold Explorers and Developers – Part 1
West Red Lake Gold Mines … I own a few of this one
https://excelsiorprosperity.substack.com/p/opportunities-in-gold-explorers-and
Re PPTA Up 23% today, Because China Is Blocking Exports Of Antimony
And countries are scrambling to get it, antimony, from somewhere else. Check out the high volume bar yesterday. Some people must have known this news ahead of time. I never owned it but had in on my watchlist. It may be worth watching it for a while.
Another sign of gradual reversal trends to take away from China and help the USA.
Part:
BEIJING, Aug 15 (Reuters) – China will impose export limits on antimony and related elements in the name of national security, its commerce ministry said on Thursday, Beijing’s latest move to restrict shipments of critical minerals in which it is the dominant supplier.
China accounted last year for 48% of global mined output of antimony, a strategic metal used in military applications such as ammunition, infrared missiles, nuclear weapons and night vision goggles, as well as in batteries and photovoltaic equipment.
The restrictions are being imposed “in order to safeguard national security and interests, and fulfill international obligations such as non-proliferation”, the ministry said in a statement.
At a regular weekly briefing on Thursday, the ministry said the curbs were not directed at any specific country or region.
“It’s a sign of the times,” said Christopher Ecclestone, a principal and mining strategist at Hallgarten & Company in London.
Ipso
Yes. About time for sure.
Silver has been kind of quiet since it hit $33 a couple of months ago. Holding up pretty well here today even as the dollar tries to inch back up.
I guess I’m sort of looking at pm’s and wondering why they’re up at all over the last week or so. Seems usually we see low volume bleeds.
A big day tomorrow would really make things look interesting.
Oil having a good day too.
Buygold
“We got game”
About time! 
Silver’s the stud today!
Platinum having a good day
Up almost 4%
PM shares a little soft, but they’ve outperformed all week, so no room to complain. NEM still leading. These are a lot better days than we’ve seen over the last few years. Feels like we’re building for a good move higher.
Maybe the Captain has it right about a September high. We shouldn’t have to face tax loss selling this year.
Course my optimism could change with a beat down tomorrow. Lack of volume is still a concern. 😉
We got game
Dollar easing off a little. Metals back in the green, just need NEM to confirm.
Course, not hurting us that the SM is screaming higher. 🙄
Industrial production numbers
we’re a big miss, especially month over month. Doesn’t jive with higher retail sales.
Just saying. 🤔
Cheers to tears
Let’s see if NEM can step up and lead the team back.
Going to be tough but the dollar move is overdone.
A version
ZELENSKY APPROVED PLAN TO BLOW UP NORD STREAM PIPELINES
Despite the mainstream media saying for months that Russia blew up the pipelines, the Wall Street Journal has now revealed it was planned and executed by Ukraine at a cost of $300,000.
When the CIA learned of the plan they told Zelesnky to abort it, however it still went ahead.
According to senior Ukrainian defense and security officials, the pipelines were a legitimate target.
They are jointly owned by Russian, German, French, and Dutch companies, and the explosion caused 800 million cubic meters of gas, equivalent to about 3 months of Danish gas supplies, to escape.
It’s a problem for Germany, as a senior official said:
“An attack of this scale is a sufficient reason to trigger the collective defense clause of NATO, but our critical infrastructure was blown up by a country that we support with massive weapons shipments and billions in cash.”
Ukraine still officially denies involvement in the attack.
Source: WSJ
Economic stupidity
On Friday in North Carolina, Vice President Harris intends to announce a plan to prevent corporations in the food and grocery industries from unfairly jacking up prices on consumers, by imposing the first-ever federal ban on corporate price-gouging in these industries.
The speed
…at which these intraday “waterfall” attacks seems to be speeding up dramatically. I suspect that the scum can see where the intra-day “stop” orders are on the downside, and put bids in accordingly……
Just tweaking their corrupt ways of manipulating those markets that perpetually propagandize their message!!
deer79
Of course you are right, they tailor the numbers to meet the narrative.
It’s always funny to me though that the SM reacts favorably to either good or bad news.
PM’s always tend to need bad news.
The moves in the dollar and rates seems a little overblown to me. The numbers were an upside surprise, but not crazy to the upside.
We live in someone else’s video game.
They’ve got NEM down and GLD down now. Silver still up $.50, but that will get erased too.
Assuming at least some of the numbers must have been strong
Because the SM is catching a bid, because in the SM good and bad news is good.
PM’s getting hit on positive eco news. Gold about to give up all early gains, silver still trying to hang on to $.70 gains but probably won’t once gold goes negative. Shares still up a little but fading.
SM soars.
Thought we had a chance, but dollar and rates soaring on better-than-expected retail sales numbers, and some other stuff that was a little better. Still have industrial production numbers in a half hour.
Things are moving quickly so maybe we’ll get lucky and go up with the SM. Only the scum knows the answer to that.