👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and compete in a game of basketball. 🏀

📝 Here are the highlights

🤝 Abitibi Acquires

😎 Gold Up, Dollar Down

🐦 China’s Gold Surge

📌 Daily Commodity Prices

🤝 Abitibi Acquires

Abitibi Metals (CSE: AMQ), a sponsoring partner of TNBR, secures 100% of Beschefer Gold Project in Quebec, Canada.

Highlights of previous intersections:

• 28.65 metres of 4.92 g/t gold, including 9.1 metres of 11.39 g/t gold.

• 5.57 metres of 55.63 g/t gold, including 1.23 metres of 224 g/t gold.

• 8.75 metres of 13.07 g/t gold.

CEO Jon Deluce says the acquisition strengthens Abitibi’s portfolio. Beschefer's high-grade intercepts show strong near-term resource potential.

To complete the deal, the company issued 2,033,672 shares to Wallbridge Mining (TSX: WM) and made $3M in expenditures.

Well done!

😎 Gold Up, Dollar Down

Gold prices rose 0.3% to $2,918.65 an ounce, heading for their best week in six with a 2% gain.

A weaker U.S. dollar, trade concerns, and economic uncertainty supported bullion, while markets awaited U.S. non-farm payrolls data and a speech from Fed Chair Jerome Powell. The dollar index is on track for its worst week since November, boosting gold’s appeal.

Silver fell 0.3% to $32.54, platinum dropped 0.2% to $964.30, and palladium edged up 0.3% to $945.11.

📰 In Other News

🐦 China’s Gold Surge

Happy Speculating!

The Editor

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