Morning Briefing: GDXJ Highlights Major Rebalancing in Holdings

SPEAKER_1 (0:02)

Good morning, and welcome back to the Mining Stock Daily Morning Briefing presented by the Clear Commodity Network and delivering today's top news in mining and mineral exploration. From the new ClearCom studios, here's your host, Trevor Hall.

Trevor Hall (0:18)

Good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It is Tuesday, September 15th. Gold's trading slightly lower. Once again this morning, off a third of a percent to $4,284 an ounce. Silver is essentially flat, up a fraction to $63.29. Copper's holding steady as well, adding a one-tenth of a percent to $6.34. On the energy side, Brent crude continues to push higher. It's up about two-tenths to 105 a barrel and sitting comfortably at that mark. The story in the macro this morning is what is happening in the bond market. The 10-year treasury yield traded above 5% earlier this morning and sits at that level now. And a close above that mark would be the first time since July 2007 Markets are bracing for a Federal Reserve rate decision tomorrow, with continued anticipation of another hike, keeping consistent upward pressure on yields.

In a noteworthy development for Junior Mining Investors, the GDXJ ETF added 44 new companies to its holdings last week as part of a significant rebalancing that broadens its reach into smaller cap names. Several MSD covered companies made that list, including Elemental Royalty, Collective Mining, Meridian Mining, Mining Americas, and Helio Star Metals.

We will get to the news out of the miners and explorers in just a moment, but first a quick mention about today's sponsor.

Today's morning briefing is brought to you by Vizsla Silver. Vizsla Silver is a silver-focused developer advancing the PANUCO Silver Gold Project in Sinaloa, Mexico. It's a historically productive district the company has assembled into one of the highest grade undeveloped silver assets in the world. PANUCO sits in a major silver belt with outstanding infrastructure and Vizsla is moving the project through advanced engineering studies towards a development decision. Vizsla Silver trades on the Venture Exchange and the NYSE American both under the symbol VZLA.

Rory Johnston (2:33)

Hi, I'm Rory Johnston, host of the Oil Ground Up Podcast. I'm also the founder of Commodity Context and have been an oil market analyst for more than a decade. What I love about the oil industry is that it is both unquestionably essential to our modern life and the supply, demand and pricing of this indispensable product is driven by an ever-changing cornucopia of geological, geopolitical and technological developments.

Listen as I speak with experts across the industry to explore everything you've always wanted to know about what's moving the market for Black Gold. Find the Oil Ground Up Podcast on Apple Podcasts, Spotify and at clearcommodity.net. Brought to you by the Clear Commodity Network, digital news on the physical markets.

Trevor Hall (3:28)

And here's what you need to know this morning. Collective Mining is back. They've intersected broad zones of high-grade gold equivalent mineralization within the areas previously modeled as waste inside the Apollo Mineral Resource Open Pit Shell at its Guaybalas Project in Columbia. It was highlighted with 135 meters of 2.12 grams per ton gold equivalent from a depth of 21.3 meters in the shallow halo zone. The results are entirely additive to the maiden Apollo Mineral Resource released last week, meaning the material of the resource model excluded as waste is now returning economic grade intercepts that have the potential to improve the deposit economics. Collective Mining trades on the TSX and the NASDAQ both under the symbol CNL.

C3 Metals has released first drill results from the Calise Porphyry Copper Gold Target in Peru, returning 119.5 meters of 0.3% copper equivalent from 48 meters depth and 164.5 meters of 0.35% copper equivalent from 280 meters depth in the same hole, with mineralization confirmed to 500 meters depth. It's open in multiple directions and great comparable to the nearby Hudbay Constancia mine. A 3D IP geophysical survey commences before month end to define the next drill targets. C3 Metals trades on the Venture Exchange with CCCM and on the OTCQB as CUAUF. Thor Explorations has reported made and drill results from the Marahui Gold Project in Cote d'Ivoire with highlights including 6 meters of 6.2 grams per ton gold from 74 meters, and 9 meters of 5.4 grams per ton from 40 meters. It's all within a 4 kilometer shear corridor with only about 30% of the geological trend tested and results pending from the bulk of a 25,000 meter program. Thor Explorations trades on the Venture Exchange and on London's AIM market, both under the symbol THX.

Adyton Resources has reported 167 meters of 1.14 grams per tonne gold equivalent from surface at the Kabang Gold Copper Deposit on Fenni Island in Papua New Guinea, that included 57 meters of just over 2 grams per tonne gold equivalent, with results extending identified strike to 2 kilometers and a mining license expected in October at the separate Wapalu Deposit targeting commercial production by Q4 of 2027 Adyton Resources trades on the Venture Exchange with ADY and on the OTCQB with ADYRF.