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The best-performing precious metal for the week was silver, up 1.26%. According to BMO, the first silver pour at Aya’s Zgounder expansion was achieved, in line with previous commentary after ore processing in the new plant commenced. The plant reached nameplate capacity of 2ktpd, and commercial production continues to be targeted for year-end.
De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market. The diamond industry has been struck by one of its deepest and most prolonged slumps in decades, according to Bloomberg. Montage Gold has entered a strategic partnership with Sanu Gold Corporation, given its highly attractive exploration properties in Guinea, obtaining a 19.9% interest in Sanu through the issuance of 2.3 million basic shares of Montage equating to C$5.5 million. The company is joining existing strategic investor AngloGold Ashanti who acquired a 14.0% stake in Sanu in September 2024.A group of Indigenous tribes in Alaska have launched a legal challenge of a gold mine in northwest B.C.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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