👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and savor Japanese cuisine. 🍥🍙🍣

📝 Here are the highlights

💪 Galena High Grades

😉 Gold Holds Breath

🐦 Unlocking Copper Secrets

📌 Daily Commodity Prices

💪 Galena High Grades

Americas Gold and Silver Corporation (TSX: USA | NYSE American: USAS) has announced drilling results at the Galena Complex, Idaho, USA.

Highlights:

• 0.21 metres of 24,913 g/t silver and 16.9% copper.

• 1.05 metres of 2,816 g/t silver, 2.0% copper and 1.05% antimony.

• 1.58 metres of 2,354 g/t silver and 1.7% copper.

Drilling confirmed nearly 120 metres of vertical continuity above current mining levels, with the 149 Vein extension remaining open for expansion. The company also completed a 1-for-2.5 share consolidation to strengthen its capital structure.

😉 Gold Holds Breath

Gold prices slipped today as a stronger dollar weighed on demand, with spot gold down 0.2% at $3,330.70/oz and U.S. futures 0.4% lower at $3,372.70, ahead of Fed Chair Jerome Powell’s Jackson Hole address, where investors hope for clarity on the rate outlook.

Futures markets currently price in a 71% chance of a September rate cut, though Fed officials remain divided, highlighting uncertainty amid weakening U.S. labour market data and persistent inflation risks tied to Trump’s tariffs.

Meanwhile, silver fell 0.4% to $38/oz, platinum dropped 1.3% to $1,335.31, and palladium slipped 0.2% to $1,108.59.

📰 In Other News

🐦 Unlocking Copper Secrets

Happy Speculating!

The Editor

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