⛏ More Gold In Guyana

PLUS: Palladium Dips

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 practice snowboarding.

Here are the highlights:

💪 More Gold In Guyana

🤧 Palladium Dips

👑 $500 Uranium By End Of Year

💪 More Gold In Guyana

Reunion Gold Corporation (TSXV: RGD; OTCQX: RGDFF) announced additional drill results from its Oko West Project, Guyana.

Highlights:

  • 14.3m of 8.84 g/t gold

  • 24.4m of 7.80 g/t gold

  • 10.5m of 6.09 g/t gold

The results include drilling from both the resource expansion drill program below Block 4 and continued infill drilling within areas of Inferred resources outlined as part of the June 2023 pit constrained mineral resource estimate. This baby is getting bigger!

🤧 Palladium Dips

The price of palladium has fallen below platinum for the first time since 2018 due to concerns about demand and stable supply.

Palladium dropped 2.8% to $869.6 per ounce, its lowest in five years, while platinum stood at $874.5. The auto sector, which makes up 80% of palladium demand, has started replacing it with cheaper platinum in catalytic converters due to rising prices. Additionally, the growing adoption of electric vehicles has further decreased demand.

While palladium prices may spike on supply news, long-term outlook remains negative, with South Africa and Russia producing 80% of global palladium, despite tumbling profits for some producers.

📰 In Other News:

👑 $500 Uranium By End Of Year

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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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