Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and summarize this week’s BEST OF THE BEST.

Here are this week’s highlights:

🤐 Newmont Declares Force Majeure

🤢 Copper Mine Fiasco

😎 Dynasty Gold Extends High-Grade Gold

🤐 Newmont Declares Force Majeure

Newmont, the world's largest gold producer, has declared force majeure on metal product deliveries from its Peñasquito mine in Mexico due to an ongoing strike. 

Nearly 2,000 unionized workers have been on strike since June 8, demanding a larger share of the mine's profits.

The dispute revolves around a profit-sharing agreement, with workers seeking to increase their share from 10% to 20%.

Newmont remains engaged in what they call “constructive dialogue” with the union and authorities.

This strike marks the third labor dispute at Peñasquito since Newmont acquired the mine in 2019.

The mine is Mexico's largest gold operation and the world's fifth-largest silver mine, contributing significantly to Newmont's sales and Mexico's economy.

Say it with me: what can go wrong in mining, will go wrong in mining.

🤢 Copper Mine Fiasco

Minto Metal’s copper mine in Yukon faced environmental concerns and violations, according to an inspection report on April 26 by Yukon authorities. 

Issues with contaminated water storage and waste management were raised.

Minto assured the government of control on May 5, but on May 12, the company abruptly ceased operations and abandoned the mine.

The government swiftly took over, stating there was no immediate environmental risk.

Minto still owes CAD 18 million for cleanup costs and CAD 2.5 million in royalties to the Selkirk First Nation.

The TSX Venture Exchange suspended trading of Minto shares on May 18.

What a complete 💩 show.

😎 Dynasty Gold Extends High-Grade Gold by 22.5 m to 73.5 m at 8.42 g/t Gold

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) report assay results received from new sampling of previously unsampled sections of core from holes DP22-02 and DP22-03 from the last drill program.

Highlight:

Mineralization in DP22-03 has been extended from
51 meters to 73.5 meters at an average grade of 8.42 g/t gold,
which includes 6.5 meters of 72.23 g/t gold.

The true widths of drill intercepts are not known.

😵 Visual Of The Week

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.