Eldorado Gold’s $2B+ Skouries Mine Designated Strategic Project By EU To Strengthen Critical Raw Materials Supply

Silver Near $61 Puts Canada’s Northern Polymetallic Belts Back in Focus

With silver trading at $60.73 per ounce, volcanogenic massive sulphide (VMS) systems in northern Canada are attracting exploration attention. Honey Badger Silver reported high-grade polymetallic samples from its Yava Project in Nunavut, while established operators like Hudbay, Eldorado Gold, and B2Gold are expanding production at existing VMS mines in Canada's base-metal camps.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

Eldorado Gold’s Skouries Mine Designated as a Strategic Project Under the EU Critical Raw Materials Act

Eldorado Gold announced that its Skouries copper-gold mine in northern Greece has been designated as a Strategic Project under the European Union's Critical Raw Materials Act. The designation recognizes the mine's importance in supporting Europe's domestic supply chains for critical raw materials and energy transition. Skouries, one of Europe's largest new copper-gold mines, recently began operations and is expected to produce for approximately 20 years, supporting hundreds of jobs and representing over US$2 billion in investment.

President Trump Stated In A Newsmax Interview That Washington Is Actively Talking To Both Moscow And Beijing About Potential Routes To Denuclearize

France's Macron Says President Trump Diesel Deal Not Useful, Creates Doubts And Defiance

- Reuters

Kremlin Says Russia Is Building A Security Zone Which Will Not Be Part Of Any Negotiation With Ukraine; Russia's Putin Says 10% Of Donetsk Region Still To Be Taken By Russian Forces

- Reuters Citing Kremlin