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β 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:
πͺ Massive Copper Profits
π€© Hercules Goes $BIG
π€£ Meme Of The Day
πͺ 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.
π€© 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%.
π° In Other News:
π€£ Meme Of The Day
Dear Santa, all I want for Christmas is $500/LB #uranium
β Uranium Corgi (@UrTokenCorgi)
2:09 PM β’ Nov 6, 2023
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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.
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