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Gold’s surge to record highs is beginning to reinvigorate investor confidence in companies focused on the yellow metal, reversing months of outflows and fueling fresh optimism in the sector.

With the gold price breaching US$3,000 per ounce and climbing over 15 percent in 2025, investors are reassessing the profitability of gold-mining companies as the metal’s higher price is reflected in their results.

After a prolonged period of cost pressures from inflation-driven increases in labor and fuel costs, along with regulatory challenges, gold miners are now benefiting from improved profit margins.

According to Reuters, funds investing in gold miners are set to record their largest monthly net inflows in over a year in March. So far they have seen US$555.3 million in net inflows this month, the highest since November 2023.

Referring to LSEG Lipper data, the news outlet states that this marks a significant turnaround from 2024, when funds investing in gold stocks lost a net US$4.6 billion, the largest amount in a decade.

That’s in contrast to physical gold and gold derivatives funds, which saw net inflows of US$17.8 billion in 2024.

Investors’ increasing faith in gold stocks is being reflected in their share prices.

Newmont (TSX:NGT,NYSE:NEM) and Barrick Gold (TSX:ABX,NYSE:GOLD), which suffered losses of 10 percent and 7 percent in 2024, have surged by approximately 27 percent and 21.5 percent year-to-date.

Last month, Barrick announced a US$1 billion share buyback program after reporting solid earnings and doubling its free cashflow in the fourth quarter. Similarly, AngloGold Ashanti (NYSE:AU,JSE:ANG) recently declared its strongest balance sheet in over a decade, issuing a 2024 dividend of US$0.91 per share, nearly five times higher than the previous year.

Other gold miners, such as Gold Fields (NYSE:GFI,JSE:GFI) and Harmony Gold (NYSE:HMY,JSE:HAR), are also reportedly considering share buybacks and expansion projects.

What’s driving gold’s price rally?

One of the key catalysts behind gold’s recent surge is central bank demand.

According to the World Gold Council, central banks purchased over 1,000 metric tons of gold in 2024, the third consecutive year of significant buying and double the average annual purchase of the past decade.

Central banks in China, India, Kazakhstan, Uzbekistan and Poland have continued their aggressive gold acquisitions in 2025, driven by concerns over geopolitical risks and de-dollarization efforts.

The freezing of Russia’s US$300 billion in foreign reserves after its 2022 invasion of Ukraine is widely seen as a catalyst for central bank buying as it underscored the risks of holding assets in foreign currencies or overseas institutions.

With geopolitical uncertainties persisting and potential tariff escalations under the Trump administration, central bank demand is expected to remain strong. Investor behavior has also been influenced by economic instability, global trade tensions and expectations of US Federal Reserve rate cuts.

Statistics from the World Gold Council show that global gold exchange-traded funds saw US$9.4 billion in inflows in February, the highest monthly intake since March 2022.

How high can the gold price rise?

Gold continued to hold above US$3,010 as of Tuesday (March 25), and its resilience at the psychological US$3,000 support level suggests demand for safe-haven assets remains intact.

Instability remains high as investors speculate about US tariffs, which are set to go in effect on April 2.

Investment firm UBS (NYSE:UBS) recently raised its gold price forecast to US$3,200 over the next four quarters, citing persistent geopolitical risks and a prolonged trade conflict.

Within the gold sector, many experts have laid out much higher long-term gold price predictions.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / OTCQX: BRETF) is pleased to report the results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.

New discovery of high-grade REE-Nb-Sc-Ta-U mineralisation

  • High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO:
    • NdPr: 23,217 ppm | DyTb: 938 ppm | Nb2O5: 5,011 ppm | Sc2O3: 381 ppm | Ta₂O₅: 248 ppm | U3O8: 1,100 ppm
  • High-grade REE-Nb-Sc-Ta-U from shallow depths (~20 m) extending to vertical depths of ~70 m
  • Drillhole TG1DD0004 returned 29.8 m of a cumulative downhole mineralisation, including 15.3 m at 9.1% TREO from 25.6 m depth, with grades of:
    • NdPr: 15,617 ppm | DyTb: 692 ppm | Nb₂O₅: 1,861 ppm | Sc₂O₃: 231 ppm | Ta₂O₅: 94 ppm | U₃O₈: 754 ppm
  • Auger drilling continues to discover extensive, near-surface horizons of high-grade monazite sands, with grades of up to 7.9% TREO and assays of up to 11,681ppm NdPr and 580 ppm DyTb

Pelé Target 1 discoveries extend high-grade mineralised trendline to 10 km

  • Pelé is confirmed as a major district-scale rare earth exploration project located ~60 km southwest of BRE’s Monte Alto project in Bahia, Brazil, and covers an exploration area over 60 times larger than Monte Alto
  • Recent exploration has focussed primarily on Pelé Target 1 – one of five large exploration target areas within the larger Pelé Project area – delivering new discoveries of high-grade rare earth outcrops with grades of up to 17.7% TREO and high-grade monazite sands with grades of up to 8.5% TREO
  • New outcrop discoveries of high-grade REE-Nb-Sc-Ta-U mineralisation significantly extend the mineralised strike at Pelé Target 1 to over 10 km
  • Brazilian Rare Earths now controls three major confirmed projects – Monte Alto, Sulista and Pelé – each demonstrating significant diamond drill intersections of high-grade REE-Nb-Sc-Ta-U mineralisation

The Pelé Project is hosted within the Volta do Rio Plutonic Suite, a large-scale magmatic system that extends over 180 km in Bahia, Brazil. Brazilian Rare Earths has confirmed the exploration potential of the province with multiple discoveries of ultra-high-grade mineralisation, including rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U).

Pelé Target 1 has the largest expanse of weathered REE-Nb-Sc-U outcrops discovered since exploration commenced at the Rocha da Rocha rare earth province. New geological mapping, 75 line-km of ground gamma stations and 162 new outcrop samples highlights that REE-Nb-Sc-Ta-U mineralisation repeats along eastern and western limbs of a regional structural fold that now extends over 10 km at the project.

Successful diamond drilling at Pelé Target 1

The new drilling results are from 10 diamond core holes totalling 901 metres and 100 auger drill holes totalling 1,095 metres. Assays are pending for a further 19 auger holes totalling 243 metres.

High-grade, hard rock REE-Nb-Sc-Ta-U mineralisation was intersected from shallow depths with assay grades of up to 13.5% TREO. High grades of neodymium and praseodymium were recorded, with grades up to 23,217 ppm NdPr, as well as high grades of dysprosium and terbium of up to 938 ppm DyTb.

Click here for the full ASX Release

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Gibb River Diamonds Limited (ASX:GIB) has announced Edjudina Gold Project, WA – Permitting Application to Mine Neta Prospect Lodged.

  • Gibb River Diamonds Limited (‘GIB’ or the ‘Company’) is pleased to announce that a Mining Proposal covering the Edjudina Gold Project (GIB 100%) has been lodged with the West Australian Mines Department (DEMIRS)
  • The aim of the ‘Mining Proposal For Small Mining Operations’ is to permit mining of the Neta Prospect, part of the Edjudina Gold Project, which is on granted mining lease M31/495
  • The Indicated and Inferred Resource JORC resource at the Neta Prospect is 378,000 tonnes @1.9 g/t for 24,000 Oz Au and includes an Indicated Resource of 110,000 tonnes @ 2.2g/t for 8,000 Oz Au1
  • It is the primary focus of GIB to mine or otherwise monetise this Neta resource as soon as is practicable. The lodging of this Mining Proposal is an important step forward in achieving this aim
  • Once granted, the Mining Proposal will permit for a Mine and Haul operation to be conducted at the Neta Gold Prospect, using toll treatment at a third-party mill (pending commercial contracts). This is the Company’s current priority.
  • The Company is currently communicating with the WTAC Native Title group to finalise a date for a heritage survey to be conducted at the Edjudina Project. It is anticipated that this heritage survey will take place sometime in April 2025. This survey will assist in facilitating both mining at the Neta Prospect and the drilling of new exploration targets in the Company’s recently acquired and highly prospective mining lease M31/481, adjacent to the proposed Neta mining area
  • Discussions are ongoing with various West Australian groups which specialises in mine, haul and toll milling gold operations

NB: it is anticipated that subsequent to the commencent of mining, from time to time, that additional permitting will be required at Edjudina. It is not the intention of GIB to report to the ASX permitting applications, or re-submissions, which the Company does not consider to be material, but are a routine part of permitting mining operations.

About the Edjudina Gold Project

GIB’s Edjudina Gold Project is 145km north east of Kalgoorlie and is located in the heart of the Eastern Goldfields of WA. The project comprises multiple parallel lines of nearly continuous historic gold workings over a 13km strike in which high grade veins have been worked2. A haul road owned and operated by Northern Star Resources Limited runs through the north of the project directly to the Carosue Dam milling complex 45 km to the south.

Click here for the full ASX Release

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Titanium Sands Limited (“TSL”) is pleased to announce the progression of the approval processes for its Mannar Heavy Mineral Project in Sri Lanka, following the release by the CEA of the Terms of Reference for the Mannar Island Environmental Impact Assessment (EIA).

  • Central Environment Authority (CEA) has provided the Terms of Reference (ToR) for the environmental assessment of the Mannar Heavy Mineral Project following site visits and input from 35 regulatory bodies and government departments
  • The ToR contains the requirements for the environmental studies for an Environmental Impact Assessment (EIA)
  • On completion of the EIA, the Geological Survey and Mines Bureau (GSMB) will then be in a position to issue an Industrial Mining License (IML) for the Project
  • The ToR outlines environmental, heritage, social and economic requirements necessary for GSMB approval of the IML
  • TSL is focused on delivering economic benefits to the people of Mannar, through job creation and generational wealth, while preserving cultural heritage and protecting the environment

The release of the ToR on 20 March 2025 followed a series of CEA meetings and presentations, culminating in the Scoping Presentation on 22 August 2024 and the Scoping Site Visit on 19 February 2025 by stakeholders in the Project. Submissions made by stakeholders at both the scoping meetings have been included in the ToR which forms the basis of the requirements of the EIA.

TSL’s Managing Director, Dr James Searle said“the release of the ToR is a significant step forward in the regulatory approvals process for this Project. The Project will deliver a high-grade mineral sands operation that will create significant employment opportunities and become a source of wealth for local communities, as well as a significant boost in revenues to the Government of Sri Lanka.

TSL is focused on delivering a low impact environmentally friendly project, with the highest levels of social awareness and inclusion. As heavy minerals have been mined for decades on the Sri Lankan mainland, TSL looks forward to building on the size and quality of the industry making a significant impact to the economic benefits of Sri Lanka”.

Next Steps

ToR

The ToR has been prepared on input from 35 departments and regulatory bodies within Sri Lanka’s Government. TSL’s EIA consultants will be required to address the following as outlined in the ToR:

  • Overview of the proposed project and reasonable alternatives
  • Report on existing environment and surrounds
  • Report on anticipated environmental impacts
  • Prepare an Environmental Management Plan (EMP) and monitoring program
  • Assess all aspects of nature and wildlife restrictions
  • Host community consultation and engagement.

The ToR also requires a report on any areas beyond the project site where there is potential for environmental impacts.

Environmental Impact Assessment

The EIA process will commence immediately. The EIA consultants will now be in a position to prepare a draft EIA to address the requirements of the ToR. The EIA will address baseline and impact assessments, mitigation measures and proposed strategies and management plans culminating in an efficient and environmentally successful project. The final EIA submission for GSMB review and approval is expected mid 2025, with support from government agencies and community groups.

As part of the EIA process, community consultation and comment will be undertaken with Mannar communities ensuring any other issues or concerns are addressed in the EIA.

Recent meetings with all of CEA, GSMB and Board of Investment (BoI) in Sri Lanka have led to the understanding that on completion of the EIA, formal IML approval would be granted in a timely manner.

Click here for the full ASX Release

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(TheNewswire)

All figures are stated in Canadian dollars unless otherwise noted.

TORONTO, ON TheNewswire – March 26, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management’s discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ ( www.sedarplus.ca ) and will be uploading these filings to its website today.

In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (‘ Minimum Payments ‘) of 5,500 silver ounces under its royalties compared to the previous quarter’s revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces.

Silver Ounce and Revenue Growth Profile

Source: SEDAR+, company filings

Summary of Quarterly Results

Three months ended December 31, 2024

Three months ended September 30, 2024

Three months ended December 31, 2023

Attributable Silver Ounces

5,500 1

4,245

1,837

% change (Q/Q and Y/Y)

30%

199%

Revenue

$234,702

$164,425

$52,976

% change (Q/Q and Y/Y)

43%

343%

1 Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company’s royalty on the PGDM Complex owned by a
subsidiary Pilar Gold Inc. remains overdue and outstanding.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘I’m happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase – a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, ‘ We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter’- . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the ‘Company‘ or ‘Silver Tiger’) is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the ‘Co-Lead Underwriters’) and joint bookrunners (together with a syndicate of underwriters, the ‘Underwriters’) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the ‘Common Shares’) at a price of C$0.33 per Common Share (the ‘Offering Price’) for gross proceeds to the Company of approximately C$15,000,150 (the ‘Offering’).

The Company will grant the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, an additional C$2,250,023 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$17,250,173.

The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures at the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Offering is scheduled to close on or about April 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The Preliminary and Final Prospectus’ will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the Preliminary and Final Prospectus’ may be obtained upon request by contacting the Company or Stifel in Canada, attention: ProspectusCanada@stifel.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.

About Silver Tiger and the El Tigre Historic Mine District

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre vein extended 1,450 meters along strike and was mined on 14 levels to a depth of approximately 450 meters. The Seitz Kelley Vein was mined along strike for 1 kilometer to a depth of approximately 200 meters. The Sooy Vein was only mined along strike for 250 meters to a depth of approximately 150 meters. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over 2 kilograms silver equivalent per ton. The El Tigre silver and gold deposit is related to a series of high-grade epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre Formation that can be up to 150 meters wide. The veins dip steeply to the west and are typically 0.5 meter wide but locally can be up to 5 meters in width. The veins, structures and mineralized zones outcrop on surface and have been traced for 5.3 kilometers along strike in our brownfield exploration area. Historical mining and exploration activities focused on a 1.6 kilometer portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjamin, Protectora and the Fundadora exposed veins continue north for more than 3 kilometers. Silver Tiger has delivered its maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and publish a PEA

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps. Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.silvertigermetals.com.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work. The sealed and tagged sample bags are transported to the Bureau Veritas facility in Hermosillo, Mexico. Bureau Veritas crushes the samples (Code PRP70-250) and prepares 200-300 gram pulp samples with ninety percent passing Tyler 200 mesh (Code PUL85). The pulps are assayed for gold using a 30-gram charge by fire assay (Code FA430) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code FA530). Silver and multi-element analysis is completed using total digestion (Code MA200 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code FA530). Quality assurance and quality control (‘QA/QC’) procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed Silver Tiger’s QA/QC protocols.

Qualified Person

David R. Duncan, P. Geo., V.P. Exploration of the Corporation, is the Qualified Person for Silver Tiger as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this press release.

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain ‘forward-looking statements’. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sampling, the ability to extend resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking statements that involve various risks and uncertainties. Forwardlooking statements are frequently characterized by words such as ‘may’, ‘is expected to’, ‘anticipates’, ‘estimates’, ‘intends’, ‘plans’, ‘projection’, ‘could’, ‘vision’, ‘goals’, ‘objective’ and ‘outlook’ and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Silver Tiger with securities regulators.


Source

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DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way.

The announcement has drawn a flurry of criticism on social media, less directed at the companies themselves than questioning what the need to use a “buy now, pay later” service for food orders says about the increasingly debt-ridden economy.

“Eat now, pay later? A credit apocalypse is coming,” an X user wrote Thursday when the partnership was announced.

Another X poster used a photo of a forlorn-looking Dave Ramsey, the personal finance pundit, with the caption, “what do you mean you have $11k in ‘doordash debt’.”

Others whipped up “Sopranos” memes, quipping about “DoorDash debt collection outside your door because you missed a Chipotle payment.”

The economic commentator Kyla Scanlon said in a social media video that the deal was another example of the “gambling economy.”

“We have memecoins, sports betting — we love a good vice in the United States, and we can do it completely frictionless,” she said. “We don’t even have to put on pants. Just app it to you and worry about everything else later.” She added that “there are real winners and losers” in business models that monetize not just convenience but “impulsivity.”

Klarna, which is preparing for an initial public offering, is among the BNPL providers that have surged into virtually all corners of the consumer economy since the pandemic, such as Afterpay, Affirm and Sezzle.

The lightly regulated financial services give users a variety of ways to pay for purchases; among the most popular are short-term loans that can typically be repaid in several interest-free installments. The companies make money by charging users for late or missed payments and merchants for the ability to offer BNPL loans at checkouts.

DoorDash said customers will be able to use Klarna for many types of purchases on its platform, not just small-dollar food deliveries. They can pay in full up front, in four installments or else later on, “such as a date that aligns with their paycheck schedules.”

A Klarna spokesperson acknowledged the online pushback but said any form of borrowing for food purchases is potentially concerning, depending on the circumstances.

“If people are in a situation where they feel like they have to put their food on credit, that’s a bad indicator for society,” the spokesperson said.

Still, many people make “a rational decision” to use BNPL services to help manage their money, the spokesperson said, adding that the new features would be available only for DoorDash purchases of at least $35 — a few dollars more than the platform’s average order as of last March. “Wherever high-cost credit cards are accepted, consumers should be able to choose a zero-interest credit product, instead.”

Indeed, industrywide data shows the short-term loans have become a routine feature of many consumers’ wallets, particularly among young adults coping with inflation and with average credit card interest rates still near 20%.

The BNPL explosion coincides with record debt levels and mounting consumer pessimism. Total household debt exceeded $18 trillion at the end of last year, according to the Federal Reserve Bank of New York, with credit card balances comprising a record $1.2 trillion of that sum. Consumer sentiment fell this month to its lowest level since 2022, and borrowers’ expectations for missing debt payments in the next three months hit their highest level since 2020, the New York Fed found.

A spokesperson for DoorDash didn’t comment on the criticism of its partnership with Klarna, saying their collaboration “provides even more flexibility, control and options.” The delivery service noted that its users can already pay with Venmo and CashApp, as well as government aid, including SNAP benefits. Klarna is already available on the grocery delivery platform Instacart, and it recently replaced rival Affirm as Walmart’s exclusive BNPL partner.

Much of the concern over BNPL has focused on the potential effects on borrowers’ credit histories, which largely still don’t reflect use of the services despite years of discussions with credit-reporting bureaus to change that. Yet a study released last month by Affirm and the credit-scoring firm FICO showed most consumers with five or more Affirm loans saw no real downside to their credit scores, some of which actually increased. And consumers consistently rate BNPL products favorably in surveys. Last year, 89% of borrowers told TransUnion they were either satisfied or very satisfied with the services.

But personal finance experts and consumer advocates say the qualms kicked up by the DoorDash-Klarna deal reflect real financial risks.

“Making four payments to cover three tacos on Tuesday sounds complicated because it is,” said Adam Rust, director of financial services at the Consumer Federation of America, an advocacy group. “I wouldn’t characterize this as a solution. It is a fintech innovation that creates problems.”

Not only might users face Klarna’s own late fees, he said, but “once customers consent to repay with automatic debits, they risk additional overdraft fees” from their banks.

Rust also highlighted recent work by the Consumer Financial Protection Bureau that remains in jeopardy or has been stopped altogether as the Trump administration defangs the agency.

The CFPB recently granted BNPL customers more ability to dispute charges and get refunds, but with staffers ordered to stop all enforcement activity last month, former employees and consumer advocates believe the rule has been rendered moot. A trade group representing fintech businesses, including some BNPL lenders but not Klarna, asked the Trump administration this month for an exemption from a law scheduled to take effect next week requiring certain lenders to verify borrowers’ ability to repay loans before they front them money.

Financial planners have long cautioned clients against budgetary strains from BNPL overuse. Even some borrowers themselves who’ve spent heavily with the services have begun warning others of their risks, saying they make it easy for cash-strapped users to rack up debts that are tough to pay off.

“Eat now, pay later is an awful trap,” Douglas Boneparth, president of Bone Fide Wealth, an advisory firm focused on millennials, wrote on X last week. “If you need to borrow to have a burrito delivered to you, you are the product. Nothing more.”

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Moya O’Sullivan looked in her cabinets, and saw a problem: her cream cheese, toothpaste, mouthwash, whiskey and soft drinks were all American. They had to go.

O’Sullivan, 29, teaches history and English to pupils in Kilkenny, southern Ireland. But by changing her shopping list, she’s hoping to school the 77 million Americans who voted to elect President Donald Trump to a second term.

“It’s very disappointing to me to see that half of America would choose (Trump),” she says.

Slipping into a voice more commonly heard in a classroom, she adds: “The Americans didn’t learn their lesson the first time. There unfortunately do need to be consequences.”

As the Trump administration’s trade war with the European Union intensifies, a ripple of reciprocal, economic nationalism is percolating across Europe; and O’Sullivan is part of a small but dedicated group hoping to hurt the United States with their wallets.

Trump has said that as of April 2, a slew of new tariffs will be announced on goods coming to the US from all over the globe as part of his package of reciprocal tariffs. The EU is primed to unleash countermeasures of its own, including higher tariffs on American whiskey, motorcycles, beer, poultry, beef, and produce such as soybeans, tomatoes and raspberries.

But protesting the Trump administration is a tougher sell in Europe than it was eight years ago. Europe’s leaders have taken great pains to build bridges with Trump, eager to avoid the brunt of his tariffs regime, or guide him towards acceptable outcomes in Ukraine and Gaza. And there’s fatigue in the air. “Many people are just a bit exhausted this time around,” O’Sullivan concedes.

Do boycotts work?

James Blackledge, a 33-year-old postman in Bristol, England, has made sacrifices too. Like O’Sullivan, he’s turned to a locally-made – if more expensive – alternative to Philadelphia. “I’m a bit of a mayo monster,” he admits, but he’s stopped buying Hellmann’s and started making his own: “I’ve got a little blender, it’s quite easy to make.”

“I used to get a coffee from McDonald’s every now and then, which I don’t do,” he adds. Sierra Nevada beers are down the drain too. And he’s not alone. “A lot of my friends, who I’ve mentioned this to, say they’ve been doing it already for a while,” he says. “They’d already stopped (buying US products) when Trump was elected.”

O’Sullivan and Blackledge aren’t screaming into a void; their anger is shared by many on message boards and forums, and both have exchanged ideas online about how to make their points.

And the hunger to fight back against American corporations is evident. Denmark’s largest retailer , the Salling Group, introduced black, star-shaped stickers to supermarket labels earlier this month that indicate whether a product was made in Europe. Trump’s threats to annex Greenland, which is an autonomous territory of Denmark, have particularly angered Danes.

“We have recently received a number of inquiries from customers who want to buy groceries from European brands,” Salling Group chief executive Anders Hagh wrote on LinkedIn. “Our stores will continue to have brands on the shelves from all over the world, and it will always be up to customers to choose.”

A Swedish Facebook group calling for people to boycott American goods has 81,000 members; a Danish equivalent has 90,000. Every hour, people ask whether their dog food, soda, cheese or chocolate is connected to the US and look for alternatives.

It is too early in Trump’s administration to tell whether these efforts will impact the exports of American-made staples to Europe. The early economic protests across Europe are ad-hoc and haven’t taken hold among a significant segment of the population, but the looming threat of new tariffs has hardened the resolve of some groups and organizations to buy EU-produced items over American versions .

Previous, more widespread economic boycotts in Europe, like recent campaigns to avoid companies with ties to Russia and Israel in the wake of their offensives in Ukraine and Gaza, have recruited willing disciples and claim success in prompting some companies to cut their ties with those countries, but deciphering their economic impact is difficult.

“International conflicts often provoke boycott calls targeted at a foreign adversary, but whether consumers actually participate has been an enduring puzzle,” researchers at the University of Virginia wrote in a 2016 study. Their work did indeed find that in the US, consumers “reduced their purchases of French-sounding supermarket brands” in the wake of a dispute between Washington and Paris over the war in Iraq.

Another study, which analyzed boycott movements in the US between 1990 and 2005, found that these efforts can impact companies’ reputation even if they don’t hurt their bottom line.

But whether or not it takes hold, O’Sullivan is undeterred when it comes to Trump. “We vote with our money … Even if it makes no difference, I just don’t want my money going to support his economy.”

Targeting Tesla

Trump remains broadly unpopular in Europe, and polling suggests his election win has hurt the continent’s sentiment towards America. But the huge demonstrations that greeted the president on his travels to the continent in his first term have been replaced by piecemeal protests more visible in kitchen cabinets than on city sidewalks.

In London, a gigantic demonstration gripped the city on the eve of the president’s visit in 2018; around 250,000 people showed up, according to organizers, while an orange-hued, 20-foot tall “Trump Baby” balloon, depicting the president clutching a mobile phone and sporting a giant diaper, sailed in the skies overhead.

“I don’t know whether the same numbers would come out of one event this time,” admits Gardner, of the Stop Trump Coalition, which organized that protest and has re-formed since Trump’s re-election to shepherd British opposition to the administration.

Instead, demonstrators are trying to get creative. Protests have been organized outside Tesla showrooms in the UK, to oppose owner Elon Musk’s involvement in the administration. But fewer than 20 people showed up to one event on Saturday in Leeds, northern England, according to photos published by organizers, illustrating the struggle to mobilize Brits so far in Trump’s second term.

Sales of Tesla have declined in Europe since Trump took charge – Tesla registered just 9,913 new units in January across the continent, down from 18,121 last January, according to automotive analysis firm JATO – though the group noted that the upcoming release of its updated Model Y would likely help sales rebound.

Trump is set to visit the UK on a second state visit soon; this time, the invitation from King Charles III was gleefully unfurled by Britain’s prime minister, Keir Starmer, in the White House, and was met with tacit acceptance back home.

But outbursts in Washington are awakening anger in Europe. “That meeting (with Volodymyr Zelensky) in the Oval Office was a real flashpoint of disgust, and people felt like they needed to do something,” notes Gardner, who says Trump’s furious tirade against the Ukrainian president prompted a surge in emails and calls to the anti-Trump group.

The next day, the right-leaning Daily Mail tabloid led its front page on calls to “Stop the state visit for ‘bully’ Trump” – a surprising rallying cry for a paper that is more sympathetic to his brand of politics than most British outlets.

Gardner has supported economic boycotts on US goods, and says she no longer shops on Amazon, though she acknowledged that she organizes protests with fellow anti-Trump activists on WhatsApp, the messaging app owned by US tech giant Meta. “There are contradictions in this, but that doesn’t mean it’s not a worthwhile thing to do,” she says.

And there is one more tool always available to Trump’s critics on the continent: provocation. “Give us back the Statue of Liberty,” Raphael Glucksmann, a French member of the European Parliament who represents the small left-wing party Place Publique, said during a rally at the weekend. “It was our gift to you. But apparently you despise her.”

“No one, of course, will come and steal the Statue of Liberty. The statue is yours. But what it embodies belongs to everyone,” he said later on X. “And if the free world no longer interests your government, then we will take up the torch, here in Europe.”

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Andrew Tate and his brother, Tristan, arrived at a police station in Romania on Monday, where the self-proclaimed misogynist and internet demagogue faces charges of human trafficking and forming an organized criminal group to sexually exploit women.

Both siblings registered with authorities in the capital Bucharest early Monday – a legal formality relating to the sprawling investigation first launched by Romanian prosecutors in the eastern European nation, in December 2022.

Andrew Tate, a British-American kickboxer-turned-social media influencer, has racked up millions of male followers by spouting aggressive speech on male dominance, female submission and wealth, along with his brother. Rights advocates have warned against their rising tide of influence among young boys and men within the manosphere – a digitized space that promotes male supremacy, anti-feminism and “red pill” culture.

His virulent material led to a ban on almost every social media platform. But when tech mogul Elon Musk took over X, then known as Twitter, in 2022, he reinstated his account. Musk is now a high-profile adviser to US President Donald Trump – of whom Tate is an ardent supporter.

Tate now has 10.7 million followers on X, where he once claimed that women should “bear responsibility” for being sexually assaulted. In one example of his misogynistic bluster, he wrote in a post on X on February 19: “Still true. Hate me all you want. Women are all sex workers.”

Over the weekend, the brothers arrived in Romania from Florida, where they stayed for several weeks after prosecutors lifted a travel ban on them. Upon their arrival in the United States, they found themselves at the heart of another criminal investigation – when Florida Attorney General James Uthmeier announced the probe, led by the Office of Statewide Prosecution.

The brothers are also being investigated for allegations of rape and human trafficking in the United Kingdom. Andrew Tate also faces a civil suit there by four women, accusing him of rape and coercive control. They deny any wrongdoing.

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Israel’s security cabinet has approved a controversial proposal to facilitate Palestinian emigration from Gaza, a move critics warn could amount to ethnic cleansing.

Israeli Finance Minister Bezalel Smotrich on Sunday said the security cabinet approved the proposal by Defense Minister Israel Katz to organize “a voluntary transfer for Gaza residents who express interest in moving to third countries, in accordance with Israeli and international law, and following the vision of US President Donald Trump.”

The decision marks a remarkable endorsement of a plan once considered a far-right fantasy – and comes despite the prime minister’s earlier pledge not to permanently displace Gaza’s civilian population.

Critics have said that any mass displacement of Gazans in the midst of a devastating war would amount to ethnic cleansing, an act associated with war crimes and crimes against humanity under international law. Israeli officials have countered that emigration would be voluntary and in line with international legal standards.

But aid groups argue that Israel’s war has made life in Gaza nearly impossible. Martin Griffiths, the United Nations’ top emergency relief official, has called the enclave “uninhabitable,” saying its people are “witnessing daily threats to their very existence.”

The Israeli approval would establish an administration within the defense ministry “to prepare and facilitate the safe and controlled movement of Gaza residents who wish to voluntarily move to third countries,” according to a statement from the defense ministry.

Its work would include “establishing movement routes, pedestrian checks at designated crossings in the Gaza Strip,” and infrastructure to enable people to leave.

Israeli officials have presented the plan as a fulfillment of a desire by Trump to take over Gaza, expel its Palestinian population to neighboring countries and turn it into a Middle Eastern “riviera.”

Trump’s ‘vision’

Katz said Sunday that Israel is using “all means to implement the vision of the US president,” according to the defense ministry statement.

This month, Trump appeared to backtrack on his comments about displacing Palestinians, telling reporters that “nobody is expelling any Palestinians.” Steve Witkoff, the US special envoy to the Middle East, said last month that the US initiative to rebuild Gaza won’t necessarily amount to an “eviction plan” and that it was designed to “shake up everybody’s thinking.”

Last year, Israeli Prime Minister Benjamin Netanyahu said his country had no intention to displace Palestinians or occupy Gaza.

“I want to make a few points absolutely clear: Israel has no intention of permanently occupying Gaza or displacing its civilian population,” Netanyahu said in a video statement in January 2024.

Trump’s proposal has, however, brought the idea further into the mainstream, with Israeli politicians now openly discussing mass emigration of Gazans as a solution to the war. And Katz last week said that Israel may maintain a permanent presence in the enclave.

Israeli rights group Peace Now criticized the plan, saying “the establishment of the administration to expel Palestinians from Gaza is one of the stupidest moves by a government that has lost all direction and logical thinking.”

The prospect has also drawn sharp rebuke from Arab leaders, especially Egypt and Jordan, who would be expected to absorb the large number of expelled Palestinians. Experts have also warned that displacing Palestinians would further destabilize the region and threaten the security of neighboring states.

Smotrich said Sunday that the security cabinet also approved the expansion of Jewish settlements in the occupied West Bank, noting that 13 areas in the West Bank would be split from existing settlements and would be recognized as independent settlements.

“Instead of hiding and apologizing – we are raising the flag, building, and settling. This is another important step on the path to actual sovereignty in Judea and Samaria,” he said, using the name by which Israelis refer to the West Bank.

The Yesha Council, an umbrella body representing Jewish settlements, said that as of January 2024, there were 150 settlements in the West Bank.

It said that the decision exposes a “long-standing lie that (Israel) does not establish new settlements, but only ‘neighborhoods’ of existing settlements” and that it is “another nail in the coffin that the Government of Israel is preparing for the only chance for a future of peace and security.”

A statement sent by Smotrich’s office said the move comes against “the backdrop of the approval of tens of thousands of housing units in Judea and Samaria and represents another significant step in the process of normalizing and regulating the settlement.”

Smotrich and other right-wing ministers have been pushing an aggressive expansion of settlements on the path to declaring Israeli sovereignty over the West Bank, which would be in defiance of international law and UN Security Council resolutions.

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