⛏ Massive Copper Profits

PLUS: Hercules Goes $BIG

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and watch TV.

Here are the highlights:

πŸ’ͺ Massive Copper Profits

🀩 Hercules Goes $BIG

🀣 Meme Of The Day

πŸ’ͺ Massive Copper Profits

Ivanhoe Mines (TSE: IVN) reported an increase in net profit for Q3, reaching $108 million, surpassing the previous quarter's $87 million profit. The company also noted improved adjusted EBITDA, comparing favorably to Q2.

Highlights:

  • Revenue: $695M

  • Cost of sales per lb. of copper: $1.34

For this low cost, these guys can probably make money in any environment. Dang.

🀩 Hercules Goes $BIG

Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) today announced an agreement with Barrick Gold Corporation for a private placement at C$1.10 per Unit, resulting in significant proceeds for exploration of the Hercules Property in western Idaho.

Highlights:

  • Total Proceeds: C$23,391,907

  • Barrick's Ownership (non-diluted): 12.33%

This has been the hot discovery of this quarter, and with a confirmation from the big boys at Barrick, the market actually reacted super positively, and the stock is up over 20%.

πŸ“° In Other News:

🀣 Meme Of The Day

How Are We Doing?

Today's mining news was:

Login or Subscribe to participate in polls.

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.

Reply

or to participate.