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The platinum price broke above US$1,600 per ounce on September 29 (Monday), its highest level since April 2013.

What’s moving the platinum price? A number of factors are at play in this notoriously volatile market.

As a precious metal, nearly a quarter of demand for platinum comes from the jewelry sector. When gold prices are high, as they are now at nearly US$3,900 an ounce, platinum jewelry becomes an attractive, lower cost alternative.

With more than 70 percent of demand for the metal coming from the industrial and automotive sectors, the platinum market is highly price sensitive to economic cycles. However, despite the current economic uncertainty that’s driving gold higher, platinum prices are being buoyed by stable demand in the auto sector, emerging demand in the hydrogen fuel cell industry, and persistent supply challenges out of major platinum producing nations like South Africa.

Platinum supply under pressure

Supply constraints are an ongoing trend in the platinum market and a major driver of prices for the metal in 2025.

In its Q2 2025 Platinum Quarterly, the World Platinum Investment Council (WPIC) predicts that global platinum mine supply will drop by 6 percent to 5.43 million ounces for this year.

Heavy rainfalls and flooding in top producer South Africa in the first quarter of the year had a major impact on an industry already reeling from high-cost electricity and dwindling reserves.

In late August, Paul Dunne, CEO of Northam Platinum (JSE:NPH) in South Africa told Reuters that higher platinum prices in 2025 will likely not do much to alleviate the pressures facing platinum group metals (PGM) production in the country.

“Recent price appreciation is offering some relief to the PGM sector,” he said in a statement. “However, it is still not yet at levels that will support sustainable mining across the industry and certainly not the much-needed development of new operations.”

Suffice it to say that problems in the supply side of the market will continue to support platinum prices over the longer-term.

Platinum demand seen as sustainable

As for platinum demand, Mykuliak sees a few key important drivers including auto catalysts for hybrid vehicles, increased hydrogen adoption for industrial uses and Chinese demand for platinum jewelry as an alternative to gold.

In the automotive industry, platinum is used in catalytic converters for vehicle exhaust systems for emissions control. The rise of electric vehicles (EVs), which do not require catalytic converters to control emissions, is expected to cut into platinum demand over time.

However, high costs and range anxiety are leading auto buyers to choose hybrids over battery EVs. Because hybrid engines still require catalytic converters, the auto sector continues to be a reliable source for platinum demand.

In the hydrogen sector, platinum has a role as a catalyst in the proton exchange membrane electrolyzers used for green hydrogen production and in hydrogen fuel cells. The WPIC has noted that the hydrogen market be ‘a meaningful component of global demand by 2030 and potentially the largest segment by 2040.’

As for jewelry demand, the WPIC is predicting an increase of 11 percent year-on-year to 2.23 million ounces in 2025. China is expected to represent more than one quarter of that growth as the fabrication of platinum jewelry in the region is expected to grow by 42 percent to 585,000 ounces.

Platinum price outlook

The platinum price has since pulled back from the US$1,600 level to US$1,558 per ounce in midday trading on Thursday (October 2). But a correction is expected in the short-term, explained Mykuliak, who believes the fundamental outlook for platinum is still a positive one.

“Looking ahead, I expect volatility. My base case is a US$1,650-US$1,750 range by the year-end, with possible dips toward US$1,450 if profit-taking intensifies,” she said. “On the upside, if South African power disruptions worsen or hydrogen policies accelerate, US$1,850-US$1,950 is realistic, with US$2,000 also within reach.”

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The silver price kept surging on Friday (October 3), breaking US$48 per ounce.

The white metal last reached this level in 2011, the same year it nearly hit US$50 for only the second time in history. Silver’s first run to the US$50 level came in 1980, when the Hunt brothers attempted to corner the market.

Silver price chart, December 31, 2024, to October 3, 2025.

Known for lagging behind gold before outperforming, silver is now ahead of its sister metal in terms of percentage gains — it’s up close to 60 percent year-to-date, while gold has risen around 47 percent.

Still, silver remains below its all-time high, while gold continues to set new records — it’s been closing in on US$3,900 per ounce this week, buoyed by the US government shutdown.

Gold is also seeing underlying support from strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Silver acts as both a precious and industrial metal, meaning that it’s driven by many of the same factors as gold, but also has additional sources of demand. According to the Silver Institute, industrial demand for silver reached a record 680.5 million ounces in 2024, driven by usage in grid infrastructure, vehicle electrification and photovoltaics.

Total silver demand was down 3 percent year-on-year in 2024, but still exceeded supply for the fourth year in a row, resulting in a deficit of 148.9 million ounces for the year.

Watch five experts share their thoughts on the outlook for silver.

As silver gets closer to surpassing its all-time high, investors are wondering about its long-term prospects.

While many experts have lofty expectations for silver, including triple-digit price predictions, there’s a broad consensus that the white metal may correct before continuing on upward.

However, there’s also recognition that silver’s situation today is different than it was previously.

‘If you have something happen with the supply, and then on top of that at some point you’re running into issues with debt loads and currencies, that would certainly leave us probably into a much different environment for silver than either 1980 or 2011,’ said Chris Marcus, founder of Arcadia Economics.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to strong investor demand from current shareholders, the Company has elected to increase the size of its previously announced non-brokered private placement offering and will now offer up to 7,437,680 (the ‘ Units ‘) of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $26,775,648 (the ‘ Upsized Offering ‘).

Each Unit issued pursuant to the Upsized Offering will consist of one common share (a ‘ Share ‘) in the capital of the Company and one common Share purchase warrant (a ‘ Warrant ‘). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘ TSXV ‘) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘ Acceleration Provision ‘)

All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.

Closing of the Upsized Offering is subject to final regulatory approval including that of the TSXV.

Insider Participation

The Upsized Offering will include participation by certain insiders of the Company, which constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders will be exempt from the formal valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed 25% of the Company’s market capitalization.

The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Upsized Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Global equities climbed this week as investors weighed looming risks from the US government shutdown, which delayed the release of essential jobs data on Friday (October 3).

Macro headlines emphasized the possible economic impact. However, despite uncertainty, both the S&P/TSX Composite Index (INDEXTSI:OSPTX) and Wall Street advanced this week, with the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) touching multiple record intraday highs.

The strength of the technology sector was a key driver behind these gains.

Chipmakers, tech infrastructure companies and artificial intelligence (AI) stocks led the rally, with gains to NVIDIA (NASDAQ:NVDA) and other semiconductor stocks underpinning broader market optimism.

The Nasdaq rose about 1.36 percent over the week’s five sessions.

Nasdaq Composite performance, September 29 to October 3, 2025.

Chart via Google Finance.

3 tech stocks that moved markets this week

1. CoreWeave (NASDAQ:CRWV)

CoreWeave landed up to US$14.2 billion in new business from Meta Platforms (NASDAQ:META) on the heels of a US$6.5 billion deal with OpenAI. Investors view this as affirmation of CoreWeave’s rising importance in the rapidly growing AI hardware market. CoreWeave climbed 11.6 percent, from US$120.71 to US$134.79, this week.

2. Shopify (NYSE:SHOP)

This Canadian e-commerce company’s shares soared after it received a price target upgrade this week.

TD Securities reinstated its ‘hold’ rating for Shopify and raised its price target from US$130 to US$156, citing strong revenue growth prospects and a strategic partnership with OpenAI to enable merchants to sell products directly through ChatGPT. Shopify’s share price climbed 13.68 percent this week, rising from US$141.75 to US$161.14.

3. Intel (NASDAQ:INTC)

Reports of a major chip-manufacturing agreement between Intel and Advanced Micro Devices (NASDAQ:AMD) surfaced on Friday. The deal reportedly involves Intel producing AMD-designed chips at its foundries.

The report was well received by investors, contributing to Intel’s strong share price performance and reflecting positive momentum for Intel’s manufacturing capabilities and growth strategy. AMD’s official response was a brief acknowledgment of the ongoing speculation, with no explicit denial. Shares of Intel saw a 6.69 percent increase this week, climbing from US$34.52 to US$36.83. AMD advanced by 2.84 percent.

Shopify, CoreWeave and Intel performance, September 29 to October 3, 2025.

Chart via Google Finance.

ETF performance

This week, the VanEck Semiconductor ETF (NASDAQ:SMH) gained 3.68 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) increased by approximately 3.39 percent.

For its part, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced about 3.06 percent.

These gains reflect ongoing investor optimism for AI innovation and infrastructure buildup.

Other tech market news

            Tech news to watch next week

            Despite political wrangling and macro uncertainty, the technology sector has entered the fourth quarter showing positive momentum. AI hardware remains a pivotal theme, while landmark deals and investment rounds underscore bullish sentiment among both corporate insiders and institutional investors.

            Careful navigation of evolving US policy, global supply chain challenges and shifting capital flows will be critical for tech sector leadership as the final quarter of 2025 progresses.

            Next week, investors will await commentary following a planned meeting between Canadian Prime Minister Mark Carney and US President Donald Trump in Washington on October 6 to negotiate a deal to reduce US tariffs.

            Their meeting precedes a scheduled review of the US-Mexico-Canada Agreement.

            US Federal Reserve discussions and related market updates will continue shaping investor sentiment as markets await more clarity on monetary policy and inflation dynamics. The likelihood of delays in key economic data releases remains high due to the ongoing US government shutdown.

            Q3 earnings from Applied Digital (NASDAQ:APLD), set for release on October 9, will provide insights into the company’s progress on its AI-focused data center expansions. The report could be a key indicator of trends and demand in the rapidly growing AI infrastructure market, potentially influencing broader industry sentiment.

            Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            The big news impacting markets this week is the shutdown of the US government.

            While lawmakers were trying to find a funding solution, Democratic and Republican lawmakers were at loggerheads over maintaining funding for Medicaid programs. It marks the first time in seven years that the government has been shut down — the last time came during negotiations over the disputed US-Mexico border wall in December 2018.

            President Donald Trump has resolved to use the closure to push through the firing of thousands of federal government employees and cut funding to projects promised by Democrats.

            Additionally, the jobs report, scheduled for release on Friday (October 3), was delayed, causing greater uncertainty for analysts and investors who were trying to gauge the strength of the economy in September.

            Despite the lack of official government data, payroll processor ADP reported a loss of 32,000 jobs in September. The decline represents a significant difference from the 45,000 jobs analysts had expected to be added.

            Lawmakers aren’t scheduled to return to the negotiating tables until early next week.

            For more on what’s moving markets this week, check out our top market news round-up.

            Markets and commodities react

            Canadian equity markets were in positive territory this week by the end of trading Friday.

            The S&P/TSX Composite Index (INDEXTSI:OSPTX) continued its record breaking performance this week, gaining 2.33 percent on the week to close Friday at 30,471.68.

            The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, ending the week up 4.38 percent to 964.04. The CSE Composite Index (CSE:CSECOMP) was up 3.3 percent on to close out the week at 180.03.

            The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,893.82 per ounce on Thursday (October 2). It was still up 3.63 percent on the week at US$3,884.19 by Friday’s close.

            The silver price saw more significant gains, rising 6.31 percent to set a year-to-date high of US$48.30 per ounce during trading on Friday before settling at US$47.95 per ounce by 4:00 p.m. EDT.

            The silver price is trading at 14 year highs and has been closing in on records set in April of that year.

            Copper had sizable gains this week as the fallout from the closure of Freeport’s Grasberg mine continued to ripple through the market. The copper price was up 7.13 percent this week to US$5.11 per pound.

            The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 2.12 percent to end Friday at 546.27.

            Top Canadian mining stocks this week

            How did mining stocks perform against this backdrop?

            Take a look at this week’s five best-performing Canadian mining stocks below.

            Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

            1. Prospector Metals (TSXV:PPP)

            Weekly gain: 355.56 percent
            Market cap: C$128.18 million
            Share price: C$1.23

            Prospector Metals is a gold explorer working to advance its flagship ML project in the Yukon, Canada.

            The 10,869 hectare property, situated near Dawson City, is located within the Tintina Gold Belt, which is home to significant historic mining operations and current exploration and development projects.

            Exploration at the site has led to the discovery of more than two dozen high-grade gold surface occurrences, including the Bueno target, which has delivered samples with grades of up to 156 grams per metric ton (g/t).

            Shares of Prospector surged following the release of assay results on Wednesday (October 1). In its announcement, the company reported significant near-surface, high-grade assays, with one highlighted sample returning grades of 13.79 g/t gold over 44 meters, and another showing 21.93 g/t gold over 24.65 meters, including 288 g/t gold over 1 meter.

            2. Sokoman Minerals (TSXV:SIC)

            Weekly gain: 200 percent
            Market cap: C$45.92 million
            Share price: C$0.165

            Sokoman Minerals bills itself as a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX) and Piedmont Lithium (ASX:PLL).

            Its primary focus is its flagship Moosehead gold project, located in Central Newfoundland. The project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.

            Sokomon reported on September 12 that it planned to start diamond drilling at the site with a focus on testing the Eastern and Western Trend zones for depth extensions, as well as undiscovered parallel zones. Additionally, the company said on September 2 that it had expanded its land position at the Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced-polarization surveys, sampling and mapping of the site.

            The most recent news from the company came on Monday (September 29), when it announced that Denis Laviolette was appointed to the roles of director, executive chair and CEO. Laviolette joins the company with over two decades of experience in the mining industry, including roles in geology and production, and as an industry analyst.

            The company also announced that Timothy Froude will be transitioning to the role of company president, having previously held both the president and CEO roles. Additionally, Gary Nassif, former senior vice president of Lode Gold Resources (TSXV:LOD,OTCQB:LODFF), was appointed as a director, and Greg Matheson, former COO of New Found Gold (TSXV:NFG,NYSEAMERICAN:NFGC), was named vice president of exploration.

            3. Kesselrun Resources (TSXV:KES)

            Weekly gain: 118.18 percent
            Market cap: C$10.82 million
            Share price: C$0.12

            Kesselrun Resources is an explorer working to advance the Huronian gold project in Ontario, Canada.

            The project is located in a region with significant exploration and mining assets, including Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef project and New Gold’s (NYSE:NGD,TSX:NGD) Rainy River mine. Historic indicated resources at Huronian are 45,000 ounces of gold, with inferred quantities of 501,000 ounces or gold.

            Shares of Kesselrun surged this week after Gold X2 Mining (TSXV:AUXX,OTCQB:GSHRF) announced on Wednesday that it had signed a definitive agreement to acquire Kesselrun. Gold X2 said the transaction will give it a 100 percent interest in the Huronian project, which is located adjacent to its own Moss gold project.

            4. Royal Road Minerals (TSXV:RYR)

            Weekly gain: 104.35 percent
            Market cap: C$55.80 million
            Share price: C$0.235

            Royal Road is an exploration company working to advance its Güintar and Margaritas projects and the El Aleman mining concession in Colombia. The company acquired the adjacent Güintar and Margaritas properties, located near Medellin, from major miner AngloGold Ashanti (NYSE:AU,JSE:ANG) in 2019. Since that time, Royal Road has drilled a total of 13,700 meters across 45 drill holes at Güintar, while Margaritas remains untested.

            Assays have produced a highlighted intersection of 1 g/t gold equivalent over 303.7 meters, which includes 2.1 g/t gold, 12.4 parts per million silver and 0.6 percent copper over 62 meters.

            Shares of Royal Road gained this week alongside a pair of news releases. On Monday, the company announced that Rio2 (TSXV:RIO,OTCQX:RIOFF) has acquired approximately 15 percent of Royal Road’s issued and outstanding shares as part of a block trade; they were previously held by a single investor.

            The other release came on Tuesday (September 30), when Royal Road reported that it has engaged with state and local authorities, as well as the local community, to restart work at Güintar and Margaritas.

            5. StrikePoint Gold (TSXV:SKP)

            Weekly gain: 103.85 percent
            Market cap: C$12.06 million
            Share price: C$0.265

            StrikePoint Gold is an explorer with a focus on its Hercules gold project in Nevada, US.

            The 100 square kilometer site, located within the Walker Lane Trend, hosts five drill-tested targets, with over 300 holes. The company acquired the property in August 2024 from Elevation Gold Mining for a total consideration of C$250,000, along with a 3 percent royalty on certain claims. On April 28, the company released results from its spring drilling program, with one highlighted assay returning values of 0.54 g/t gold and 4.62 g/t silver from 32.04 meters below surface; that includes an interval of 1.14 g/t gold and 10.53 g/t silver over 4.57 meters.

            The most recent news from the project was announced on September 23, when StrikePoint said it had received drill permits for the Pony Meadows target. The company noted that it is permitted to mobilize up to three rigs, and will focus on a 2.6 kilometer structure that was revealed during surface exploration.

            StrikePoint said it has two additional permits for the Sirens and Como Comet targets.

            FAQs for Canadian mining stocks

            What is the difference between the TSX and TSXV?

            The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

            How many mining companies are listed on the TSX and TSXV?

            As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

            Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

            How much does it cost to list on the TSXV?

            There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

            The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

            These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

            How do you trade on the TSXV?

            Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

            Article by Dean Belder; FAQs by Lauren Kelly.

            Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

            Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.

            The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on Wednesday (October 1).

            Democrats and Republicans are at odds as Democrats push for changes to the bill, including an extension to billions of dollars in Obamacare subsidies; meanwhile, President Donald Trump has threatened thousands of permanent layoffs, not just temporary furloughs.

            This shutdown is the 15th since 1981, and according to Senate Majority Leader John Thune, it could continue on until next week as the two sides negotiate. The longest government shutdown happened between 2018 and 2019, during Trump’s first presidency, and lasted for 35 days.

            Part of the reason market watchers see this shutdown as significant is that it will delay the release of the latest nonfarm payrolls report, which was set to come out on Friday (October 3).

            Depending on how long the shutdown lasts, September consumer price index data, which is scheduled for publication on October 15, may also not be on time.

            The US Federal Reserve is due to meet later this month, from October 28 to 29, and normally would use this and other data to help make its decision on interest rates. The central bank cut rates by 25 basis points at its September meeting, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows strong expectations for another 25 basis point reduction at the next gathering.

            Although gold took a breather after nearing US$3,900, it remains historically high, with many market watchers suggesting US$4,000 is in the cards in the near term.

            In the longer term, some experts have even loftier expectations — for example, Adam Rozencwajg of Goehring & Rozenwajg sees a path to a five-figure gold price.

            ‘It’s not going to happen under normal circumstances — it’s not going to happen when everything’s going great. But by the end of this cycle, will we get there? I think we probably will,’ he said.

            It’s also worth touching on silver, which pushed past the US$48 per ounce mark this week. Unlike gold, silver has not yet broken its all-time high during this bull run — it’s pushing up against uncharted territory, raising questions about how high it can go this time.

            On that note, David Morgan of the Morgan Report shared several factors that would tell him the market is reaching a top. Here’s what he said:

            ‘You want to look at exchange-traded fund flows like the GDX, GDXJ, SIL and SILJ. At the same time, more important than almost anything is trading volume at the stock level. When mid-tier and smaller producers suddenly trade three, four or five times their normal daily volume, and prices are rising, that isn’t random. That’s retail money coming back into the market, and fund buying and probably institutions.

            ‘One more layer of confirmation is relative to performance. When the mining sector starts to outperform the S&P 500 (INDEXSP:.INX), which it has, and the Nasdaq (INDEXNASDAQ:.IXIC), which it has, it’s a telltale sign that the generalist money, not just the hard money crowd, is beginning to rotate in.’

            Bullet briefing — CEO shakeup at Barrick, Newmont

            Barrick Mining (TSX:ABX,NYSE:B) and Newmont (NYSE:NEM,ASX:NEM) both announced major executive changes this week, with the CEOs of both companies departing.

            Barrick’s Mark Bristow unexpectedly stepped down from his position on Monday (September 29) after nearly seven years at the helm of the firn. His exit, which was effective immediately, comes after big changes at the firm, including a shift toward copper and an asset divestment program designed to hone the company’s focus on tier-one assets.

            It also follows persistent issues in Mali, where Barrick lost control of its gold-mining complex and had 3 metric tons of the yellow metal seized by the government.

            According to Reuters, Bristow’s handling of that ongoing situation was the final straw that prompted the company’s board to push for a change in leadership.

            Newmont announced the retirement of Tom Palmer the same day. He had held the position since 2019, and will be succeeded by the company’s president and COO. Analysts note that Newmont had been signaling that a succession plan was in the works.

            Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, and to pursue other cost-saving measures.

            Market watchers note that despite efforts to boost efficiency, Barrick and Newmont have both failed to match the performance of their peers during today’s bull market.

            Year-on-year share price performance of major gold miners.

            Chart via Google Finance.

            With gold-mining companies conscious of not repeating missteps made during the precious metal’s last runup, investors will no doubt be keen to see how they perform under new management.

            Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            House Speaker Mike Johnson, R-La., is warning that everyday Americans could be at risk in a prolonged government shutdown.

            The top House Republican sat down for an exclusive interview with Fox News Digital on Wednesday, the first day of the ongoing government shutdown.

            Asked how long he thought it would continue, Johnson said he was praying for a short ordeal.

            ‘My expectation is that I don’t know how it could go longer than a week or so, because so many people have been so adversely affected by this,’ Johnson said.

            He pointed to two programs that he was concerned about in particular: The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) and the Federal Emergency Management Agency (FEMA).

            ‘[Democrats are] talking about healthcare. Not only did their counter-proposal say they wanted to cut the rural hospital fund and do all these other things, but what’s happening right now in the shutdown is that the WIC program is now unfunded — women, infants and children nutrition. That’s not a small thing,’ Johnson said.

            WIC provides free nutrition support to low-income pregnant women, new mothers, infants and children under age 5.

            On a call with House Republicans held Wednesday, Office of Management and Budget (OMB) Director Russ Vought warned that WIC could run out of funding within days without a federal funding deal, Fox News Digital was previously told.

            FEMA, however, is expected to continue operations through a government shutdown, as it has in the past. But its funding source, the Disaster Relief Fund, relies on a budget that’s allocated by Congress on an annual basis.

            A failure to replenish the Disaster Relief Fund could make it more difficult for FEMA to respond in the event of a natural disaster.

            The National Flood Insurance Program (NFIP) is also in danger of lapsing, which could leave millions of Americans without financial help if a hurricane or other disaster hits, Johnson pointed out.

            ‘You have FEMA — I mean, I’m from a hurricane state. We’re in the middle of hurricane season. I’ve got two of them off the coast of the U.S. right now,’ Johnson, whose district is anchored in Shreveport, La., said.

            ‘If your flood insurance lapses right now, they’re shut down. Or if you go buy a new house, and you have to have flood insurance, none of that can be processed right now because they just shut the government down. I mean, this is real.’

            He also expressed concern for the military members in his district who will have to work without getting paid until the shutdown is over.

            ‘The troops are working without pay … I have a big veterans community and active duty service member community because I have two major military installations in my district, Louisiana’s 4th Congressional [District],’ Johnson said. 

            ‘I think a lot about these young airmen and soldiers who are deployed right now for their country, and they left behind young wives who are pregnant and have small children. They’re not going to get a paycheck until [Senate Minority Leader Chuck Schumer, D-N.Y.] comes to his senses.’

            The House passed a measure to keep the current federal spending levels roughly flat through Nov. 21 to give Congress more time to reach a longer-term deal for fiscal year (FY) 2026. That bill, called a continuing resolution (CR), advanced mostly along party lines.

            But in the Senate, where at least several Democrats are needed to reach the 60-vote threshold to overcome a filibuster, progress has stalled. 

            Senate Democrats are demanding concessions on healthcare, including an extension of COVID-19 pandemic-era Obamacare subsidies that are set to expire at the end of this year.

            But Republicans have contended that their plan should remain free of any partisan policy riders.

            The Senate is likely to hold another vote on the measure, its fourth in total, on Friday.

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            Office of Management and Budget (OMB) chief Russell Vought and President Donald Trump are in the midst of mapping out cuts to the federal government after lawmakers on Capitol Hill failed to reach a funding bill agreement early Wednesday morning. 

            Trump set the stage in the lead-up to the shutdown that the federal government is set to likely see staffing and program cuts under the shutdown, adding in a Thursday message to Truth Social that many federal agencies are a ‘political SCAM.’ 

            ‘I have a meeting today with Russ Vought, he of PROJECT 2025 Fame, to determine which of the many Democrat Agencies, most of which are a political SCAM, he recommends to be cut, and whether or not those cuts will be temporary or permanent,’ Trump posted. 

            ‘I can’t believe the Radical Left Democrats gave me this unprecedented opportunity. They are not stupid people, so maybe this is their way of wanting to, quietly and quickly, MAKE AMERICA GREAT AGAIN!’ he added. 

            Fox News Digital spoke with Heritage Foundation’s director of the Grover M. Hermann Center for the Federal Budget, Richard Stern, Thursday morning to discuss which agencies the OMB chief would likely target for staffing cuts and if such cuts would be permanent. 

            How a shutdown enables cuts 

            Stern explained to Fox Digital that there are a pair of overlapping issues that lead to the government’s staffing size: agencies are required by various laws to provide certain services to citizens. And, separately, appropriation bills set funding floors on how much money an agency has available to spend on staff payroll. 

            During a shutdown, however, there is a lapse in funding, meaning agencies do not have ‘payroll floors from the funding bill,’ leaving the executive branch with discretion on how to continue providing required services to citizens, he explained.  

            ‘Because the funding bills set effective floors per salary spending, that tends to dictate how many people work for the agencies. In the event of a shutdown, the only requirement on the administration is to ensure that the agencies provide the services and whatnot that are required by law. But those laws don’t say you need, you know, 100 staffers to write a grant or only one staffer,’ Stern told Fox Digital in a phone interview. 

            ‘They simply say, you know, ‘There’s a grant program that has to go out the door under XYZ parameters.’ So in the event of a lapse in funding, it means that the administration … can lay out a plan saying, ‘Hey, look, you know, we think the Department of Education, for example, could do everything it is legally required to do, but do it with 10% of the workforce,’’ he continued. 

            If the administration determines that an agency can fulfill its legally required services to citizens with fewer people, it will subsequently send reduction in force notices, known as RIFs, to staffers. 

            ‘If the funding was there, and if the funding law required those staff levels, then you wouldn’t be able to RIF,’ he said. ‘But in the lapse of funding, it gives the White House that opportunity.’ 

            Permanent changes to the government are in a gray zone, however, as RIFs would not be able to take effect until after 60 days. 

            ‘Once the RIF notices go out, you … legally need to wait 60 days before the RIF notices can be enacted,’ Stern continued. ‘Really the shutdown would have to last 60 days, beyond that, to actually act on the RIFs.’ 

            The Heritage Foundation expert, who also serves as the conservative think tank’s acting director of the Thomas A. Roe Institute for Economic Policy Studies, stressed that any staffing cuts are not an example of government ‘downsizing.’ 

            ‘It’s not downsizing the activities of agencies,’ he said. ‘It’s not reducing what they make available, what services they provide. It’s simply reducing the workforce that’s providing the same level and the same amount of services.’ 

            What agencies could be targeted for cuts? 

            White House press secretary Karoline Leavitt told a gaggle of reporters Thursday that ‘thousands’ of federal employees could be laid off during the shutdown. 

            ‘Look, it’s likely going to be in the thousands. It’s a very good question. And that’s something that the Office of Management and Budget and the entire team at the White House here, again, is unfortunately having to work on today,’ Leavitt said.

            Stern pointed to a handful of agencies that will likely be targeted for layoffs, citing agencies that have ‘mission creeped’ their original purview into regulatory issues, such as the Environmental Protection Agency, as well as other agencies, like the National Science Foundation, that handle grant writing for programs. 

            ‘Probably the Department of Ed is, is kind of the poster child on this one,’ he said. ‘They’ve been talking about, they quite literally only need 10% or so on the staff.’ 

            He also noted the EPA, Department of the Interior and the Department of Labor could face cuts due to the various agencies’ ‘mission creep into a lot of regulations that are quite harmful to the economy, that are quite harmful to just American families.’

            ‘EPA over … a decade or so, has mission creeped its jurisdiction into more and more regulatory affairs, that just simply, the EPA doesn’t have under a statutory capacity,’ he said. ‘They’re regulating outside of the confines, the charge they were given by law, by Congress. So EPA is another one of those where that makes a lot of sense to cut a lot of the workforce there. Then, at HUD and Department of Labor you have similar things.’ 

            Stern said the administration likely is also eyeing agencies such as the National Science Foundation, National Endowment for the Arts and Humanities, and certain aspects of the Department of Housing and Urban Development that are charged with ‘running programs that write grants where there’s an enormous amount of legal discretion on who gets the grant money.’

            ‘These grants are not serving some critical, or frankly, constitutional role,’ he said, adding the grants often land in the hands of universities and promote ‘left-wing’ ideology on topics, such as transgenderism and climate change. 

            What has Trump said on federal cuts?

            Trump said during various public remarks Tuesday, as the deadline clock began to run dry, the shutdown presented him with the opportunity for the administration to carry out layoffs as part of a continued mission to slim down the federal government, and snuff out overspending and fraud. Trump, however, repeatedly has stressed he does not support the shutdown, pinning blame on Democrats. 

            ‘We don’t want it to shut down because we have the greatest period of time ever,’ Trump said from the Oval Office Tuesday. ‘I tell you, we have $17 trillion being invested. So the last person that wants it shut down is us.’

            ‘Now, with that being said, we can do things during the shutdown that are irreversible, that are bad for them and irreversible by them, like cutting vast numbers of people out, cutting things that they like, cutting programs that they like,’ he continued. 

            Republicans have pinned the shutdown blame on Democrats, arguing they refused to fund the budget as an attempt to reinstate taxpayer-funded medical benefits for illegal immigrants. Democrats have countered that claim as a ‘lie’ and cast blame for the shutdown on Republicans. 

            ‘A lot of good can come down from shutdowns,’ Trump added Tuesday. ‘We can get rid of a lot of things that we didn’t want, and they’d be Democrat things. But they want open borders. They want men playing in women’s sports. They want transgender for everybody. They never stop. They don’t learn. We won an election in a landslide.’ 

            Trump’s second administration has spotlighted the size of the federal government as bloated since inauguration day, including the president launching the Department of Government Efficiency to weed out potential fraud, overspending and corruption, and offering federal employees voluntary buyouts in January to leave their posts before rolling out other RIF initiatives across various agencies. 

            Fox News Digital reached out to OMB’s office for comment on the anticipated cuts but did not immediately receive a reply. 

            Fox News Digital’s Elizabeth Elkind and Anders Hagstrom contributed to this report.

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            Former FBI Director James Comey, who was indicted Friday on two federal charges alleging that he issued a false statement to Congress and obstructed justice, previously has called for those who lie under oath to face consequences. 

            For example, Comey once railed against lifestyle icon Martha Stewart, who was convicted of misleading federal investigators, and said her case served as an example to deter others from lying to officials. 

            ‘The Stewart experience ­reminded me that the justice system is an honor system,’ Comey wrote in his book, ‘A Higher Loyalty,’ released in 2018. ‘We really can’t always tell when people are lying or hiding documents, so when we are able to prove it, we simply must do so as a message to everyone. People must fear the consequences of lying in the justice system or the system can’t work.’ 

            ‘There once was a time when most people worried about going to hell if they violated an oath taken in the name of God,’ Comey wrote. ‘That divine deterrence has slipped away from our modern cultures. In its place, people must fear going to jail…To protect the institution of justice, and reinforce a culture of truth-telling, she had to be prosecuted.’ 

            Comey served as the lead prosecutor who indicted Stewart on charges of obstruction of justice and lying to the FBI in 2003, which stemmed from the FBI’s insider trading investigation into Stewart’s friend’s company, ImClone.

            Stewart ultimately was convicted on four counts of obstructing justice and lying to investigators. She was sentenced to five months in prison. 

            Comey’s statement in his book aligns with those he made at the time. After the charges were filed against Stewart in 2003, Comey said Stewart’s ‘case is about lying — lying to the FBI, lying to the SEC and investors.’

            ‘That is conduct that will not be tolerated. Martha Stewart is being prosecuted not because of who she is, but what she did,’ Comey said at a news conference in 2003. 

            Stewart took a swipe at Comey in her Netflix documentary called ‘Martha,’ which was released October 2024. 

            ‘It was so horrifying to me that I had to go through that to be a trophy for these idiots in the U.S. Attorney’s office,’ Stewart said. 

            Fox News Digital reached out to Comey for comment and has yet to receive a reply. 

            Trump–Comey vendetta back in the spotlight 

            Meanwhile, Comey’s feud with President Donald Trump is also back in the spotlight following Comey’s indictment. 

            The two men have gone head-to-head against each other for years, dating back to Trump’s first administration amid the FBI’s investigation into whether Russia interfered in the 2016 election, and they have continued to trade barbs during Trump’s second term. 

            While Trump has lobbed out terms like ‘sick person’ and ‘untruthful slime ball,’ Comey also has hurled criticism against the president and said he’s not fit for office. 

            For example, Comey described Trump as someone who ‘lies constantly about matters big and small and insists the American people believe it,’ and questioned whether Trump embodied U.S. values during an interview in April 2018 with ABC News ahead of the release of his book, ‘A Higher Loyalty.’ 

            ‘I don’t think he’s medically unfit to be president — I think he’s morally unfit to be president … that’s not a policy statement,’ Comey told ABC News. ‘Again, I don’t care what your views are on guns, or immigration, or taxes. There is something more important than that, that should unite all of us, and that is our president must embody respect and adhere to the values that are at the core of this country, the most important being truth. This president is not able to do that.’ 

            That same month Comey attracted the ire of Trump, who accused Comey of being a ‘terrible’ FBI director and that it was his ‘great honor’ to fire Comey. 

            ‘James Comey is a proven LEAKER & LIAR. Virtually everyone in Washington thought he should be fired for the terrible job he did-until he was, in fact, fired. He leaked CLASSIFIED information, for which he should be prosecuted. He lied to Congress under OATH,’ Trump said in a social media post in April 2018. 

            ‘He is a weak and untruthful slime ball who was, as time has proven, a terrible Director of the FBI…It was my great honor to fire James Comey!’ Trump said. 

            Trump fired Comey in May 2017, just after Comey revealed in March 2017 before the House Intelligence Committee that the FBI had launched a criminal investigation into whether the Trump campaign coordinated with Russia during the 2016 election. 

            At the time, Trump said that he had ousted Comey due to his handling of an investigation into former Secretary of State Hillary Clinton’s use of a private email server.

            Comey, who previously identified as a Republican, went on to endorse former President Joe Biden in the 2020 election. He also called for ‘everyone who cares about the rule of law and America’s indispensable role in the world’ to get behind former Vice President Kamala Harris as the Democratic nominee during the 2024 election when she went up against Trump. 

            ‘Kamala Harris made me feel like it’s finally morning in America,’ Comey wrote in a post on X in August 2024. 

            More recently, Comey and Trump sparred after the former FBI director posted a photo on Instagram in May depicting shells arranged on a beach to spell out ’86 47.’ The term ’86’ can mean getting rid of something or someone, and Trump is the 47th president. 

            Following backlash from Trump allies who interpreted Comey’s post as a threat to remove Trump, Comey said that the thought hadn’t crossed his mind and he opposed ‘violence of any kind.’ 

            Still, Trump didn’t buy Comey’s explanation. 

            ‘He knew exactly what that meant,’ Trump told Fox News. ‘A child knows what that meant. If you’re the FBI director and you don’t know what that meant, that meant assassination.’ 

            Following Comey’s indictment, Trump said in a social media post Friday that Comey is ‘one of the worst human beings this country has ever been exposed to,’ and labeled the former FBI director a ‘DIRTY COP.’ 

            The charges against Comey are tied to his testimony before the Senate Judiciary Committee in September 2020 regarding the FBI’s investigation into Russia’s interference in the 2016 election. Meanwhile, Comey has denied the allegations leveled in the charges against him, and said that he is ‘not afraid.’ 

            ‘My family and I have known for years that there are costs to standing up to Donald Trump, but we couldn’t imagine ourselves living any other way,’ Comey said in an Instagram video. ‘We will not live on our knees, and you shouldn’t either. Somebody that I love dearly recently said that fear is the tool of a tyrant, and she’s right.’

            Fox News’ Audrey Conklin contributed to this report. 

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            A conservative watchdog says Trump’s much-hyped DOGE cuts are a drop in the bucket compared to America’s ballooning entitlement spending.

            OpenTheBooks, a conservative fiscal watchdog group, released a report on Thursday showing that mandatory spending for Medicare and Social Security vastly outweigh any cuts to discretionary spending ushered in by the Trump administration.

            The report was released as lawmakers clash over government funding, with the fight centered on Democratic plans to expand Obamacare.

            ‘Government shutdowns offer taxpayers a much-needed reality check on the massive scale of federal spending and our unsustainable debt and deficits,’ OpenTheBooks CEO John Hart said in a statement to Fox News Digital. ‘Policymakers need to wake up and take a much closer look at safety net spending, which is the largest share of our budget and is highly susceptible to fraud.’

             

            Of the $6.9 trillion spent by the federal government in 2024, $912 billion went to Medicare, and $1.5 trillion went to Social Security, according to OpenTheBooks. 

            Meanwhile, OpenTheBooks highlights the rescission package passed by Congress in July, which largely focused on cuts to the United States Agency for International Development, saved around $9 billion and DOGE cuts saved taxpayers around $150 billion. 

            ‘The amounts of disputed savings in 2025 pale in comparison to our spending on safety net programs,’ the OpenTheBooks report states. ‘If the flow of money in the federal government could be viewed from a jet cruising at 30,000 feet, Medicare would be the Mississippi River and Social Security would be the Columbia River while USAID and ‘woke’ spending programs would be barely visible, tiny streams.’

            In particular, OpenTheBooks zeroed in on just one aspect of Medicare funds — those that are allocated for prescription drug coverage. The fiscal watchdog found that the top 1,000 providers in the system are linked to more spending in 2024 — $10.9 billion — than was saved by the July rescission package. According to OpenTheBooks’ findings, the top ten providers are associated with nearly the same amount of savings ushered in by the Trump administration’s $1.1 billion in cuts to PBS and NPR.   

            ‘We are not implying that any of these providers are engaging in anything other than lawful conduct on behalf of Medicare beneficiaries,’ the report asserts. ‘Yet, it is also true that healthcare spending in the United States is grossly inefficient and fraudulent at a large scale. In June, the Department of Justice charged 324 defendants for defrauding Medicare of $14.6 billion. Meanwhile, last year, the Wall Street Journal reported that insurers ‘pocketed $50 billion from Medicare for diseases no doctor treated.’’

            OpenTheBooks’ report argues that if American taxpayers want to understand the costs, benefits, vulnerabilities and potential savings, related to federal government spending, then they must fight for transparency.

            ‘When taxpayers see where their money is flowing, especially in times of heated debates and shutdowns, they can hold policymakers accountable to better direct its flow,’ the report concludes. 

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