Wall St. rebounds as small-time traders turn to silver
By Devik Jain and Medha Singh
Reuters
(Reuters) - Wall Street s main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
The iShares Silver Trust ETF, the largest silver-backed ETF, jumped 7.2% as silver broke above $30 an ounce for the first time since 2013 with an army of retail traders storming into the metal after betting billions of dollars on stocks last week.
Silver miners Hecla Mining Co, Coeur Mining Inc and Wheaton Precious Metals Corp surged between 5% and 26%.
Recent editorials from Idaho newspapers: Nothing grabs a politician’s attention like a wallet Jan. 20 The Lewiston Tribune Corporate America is singling out the 147 Republican members of the U.S. House and Senate who on Jan. 6 promoted President Donald Trump’s big lie by trying to overturn Joe Biden’s election. They want to freeze campaign contributions to the perpetrators. While those political action committees have every reason to consider.
Lucky Friday output up; Bunker Hill anticipates reopening long-idled mine The mining industry in the Inland Northwest and throughout the U.S. shares some guarded optimism looking forward to 2021 and the incoming presidential administration, says Mark Compton, executive director of the Spokane-based American Exploration & Mining Association. With the incoming Biden administration’s policies anticipated to focus on climate change, renewable energy, and electrification, domestic raw materials will be needed to make that happen, he asserts. “One of the results of the pandemic has been the growing recognition on both sides of the aisle of supply-chain issues and the need to have domestic resources for minerals,” Compton contends.
Contributed Opinion
Streetwise Reports (12/17/20) Maurice Jackson of Proven and Probable talks through the possibilities at the historical Dolly Varden Silver Mine in British Columbia with CEO Shawn Khunkhun.
It s a pleasure to speak with you today to discuss the opportunity before us and Dolly Varden, which is focused on new discoveries in a historical mining camp. Sir, before we begin, please provide us with an overview of Dolly Varden Silver Corp. and the unique value proposition the company presents to the market.
Shawn Khunkhun: Dolly Varden is a very rare opportunity for speculators, as we are amongst a very small group of companies that are considered a pure-play silver company. In a landscape that represents thousands of mining companies, there s only a handful of pure silver projects. What makes Dolly very rare amongst a very small group of companies is the fact that our project is located outside of the camp. It s located outside of Chile, Argentina, Mexico a
Wed, 12/16/2020 - 9:10am
A helicopter hovers over a camp at the Pebble mine prospect in this 2010 file photo. The decade-plus fight over the project appears to be nearing an end after the U.S. Army Corps of Engineers denied the compay’s proposed mitigation plan in November. (Photo/Andrew Jensen/AJOC)
The Pebble project ended the year on life support after the Army Corps of Engineers handed down strict wetlands mitigation requirements the company was not able to meet.
From the outside things appeared to be moving well for the company through midsummer; the Corps released the final Pebble environmental impact statement in July that largely concluded that the large open-pit mine plan and its extensive support infrastructure would not materially impact salmon returns or the region’s water-plentiful ecosystem.