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- ⛏️ Adumbi Results
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go to the barber. 💈
📝 Here are the highlights
🧐 Adumbi Results
😉 Gold Rally Stalls
😎 Two Paths, One Vision
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
🧐 Adumbi Results
Loncor Gold Inc. (TSX: LN | OTCQX: LONCF | FSE: LO5) reported new gold intersections from its deep drilling program at the Adumbi deposit in the Democratic Republic of Congo.
Highlights:
12.72 metres of 8.56 g/t gold, including 6.15 metres of 11.23 g/t gold.
15.00 metres of 1.88 g/t gold.
3.23 metres of 5.98 g/t gold.
Drilling confirmed multiple high-grade zones extending 265 metres below the open pit shell, showing strong continuity within the host formation and highlighting underground expansion potential at the 3.66-million-ounce Adumbi deposit in the DRC.
😉 Gold Rally Stalls
Gold prices fell nearly 2% today to around US$4,047 per ounce, putting the metal on track to end its nine-week winning streak — its longest since 2020.
After surging to a record US$4,181/oz earlier in the week, traders moved to take profits amid signs of easing U.S. China trade tensions and ahead of the U.S. consumer price index report.
Despite this pullback, gold remains up roughly 55% year-to-date, driven by central bank buying, geopolitical risks, and expectations of Federal Reserve rate cuts.
Analysts view this week’s correction as a short-term breather in a broader bullish trend, while silver and other precious metals also weakened, with silver down more than 7% for the week.
😎 Two Paths, One Vision
Latin Metals (TSXV: LMS | OTCQB: LMSQF), a sponsoring partner of TNBR, announced plans to spin out its 100%-owned Peruvian copper assets — including the Para and Auquis Projects — into a new exploration-focused company, Latin Explore.
The move aims to create parallel value streams, with Latin Metals continuing its prospect-generator model while Latin Explore becomes a self-funded, drill-driven explorer focused on near-term copper discovery in Peru and South America.
The spin-out, expected to complete in Q1 2026, will give Latin Metals shareholders proportional shares in Latin Explore, pending regulatory and court approvals.
Latin Explore’s first focus will be the Para Copper Project, where historical work by Vale identified four drill-ready porphyry targets.
📰 In Other News
🐦 New Nuclear Model
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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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