Amplats is now Valterra $VALT.L

Wed, 11 Jun 2025 00:57:00 -0000

Anglo American’s Platinum Spinoff is Off to the Races!

Anglo American $AAL.L has now completed the demerger of Amplats, with the renamed Valterra Platinum Limited trading under ticker symbol VALT in London and on the Johannesburg Stock Exchange. The spinoff comes at the perfect moment just as Platinum seems to be finally coming out of its funk after years of challenging market conditions for PGM’s.

Anglo distributed 51% of Amplats, with Shareholders receiving 110 shares in Valterra Platinum for every 1,075 Anglo American shares held. Simultaneously, Anglo American underwent a share consolidation, issuing 96 new shares for every 109 previously held. Following the spinoff, Anglo retains a 19.9% stake in Valterra, having already reduced its holding through earlier disposals .

On its first day on the London Stock Exchange, Valterra shares started trading at around 29.30 pence, valuing the world's largest platinum group metals mining company at around GBP 7.77 billion (US$10.45 billion)— and Anglo American's 19.9% retained stake at around GBP 1.55 billion. The stock has increased 10% as Platinum wakes up from its slumber.

Gold overtakes Euro as global reserve asset, ECB

Wed, 11 Jun 2025 14:14:00 -0000

Central banks continue to accumulate gold at a record pace.

Bullion accounted for 20% of global official reserves last year, outstripping the Euro's 16% and second only to the USD at 46%, an ECB report published on Wednesday showed.

Central banks acquired more than 1,000 tonnes of gold in 2024 for the 3rd year in a row. 20% of the total global annual production and 2X the annual amount of the 2010s.

The stock of gold held by central banks worldwide is approaching

In February we asked, “Will Platinum ever regain its lustre?”

Thu, 12 Jun 2025 02:27:00 -0000

Well, we had to wait several more months since that post, but I’d say, with Platinum up 20% since then, the answer is Yes!

So, the rumors were true, $AU is out of $GTWO.TO—but who’s in?

Fri, 11 Jul 2025 14:00:00 -0000

AngloGold Ashanti has officially exited its investment in G2 Goldfields, selling its entire 14.95% stake (35,948,965 shares) in a single market transaction on July 8, 2025, at 2.75/share for just under CAD 99 Million.

The shares were placed with two “large European institutional investors”, with one taking up approximately 23 million shares, about 9.5% of $GTWO —just under the 10% threshold where they would have to disclose and register as an insider to the TSX… Interested to know if it’s a passive or active fund (a la La Mancha)?

This opens up the playing field once again.

$NDM.TO / $NAK Insiders Dump Shares Before EPA Suit

Wed, 23 Jul 2025 01:37:00 -0000

Northern Dynasty Insiders Dump Shares Before EPA Suit $NDM.TO / $NAK

Just when the market believed the worst of the insider sales spree at Northern Dynasty Minerals ($NDM.TO, $NAK) was behind us, CEO & Chairman Ronald Thiessen decided to upstage the entire board. On Friday night—precisely at 11:21 PM— he delivered the coup de grâce filing a late disclosure that he had sold 600,000 shares on July 14 at just over C$3.00 per share, pocketing a tidy C$1.8 million, and capping the relentless wave of selling by nearly every major executive and director at the company. The cherry on the Northern Dynasty insider selling cake, this came after market close and with no word yet on whether these sales involved his options at $2.01 that expired on July 17.

The Timeline: How NDM's Insider Capitulation Unfolded

1. July 16: First Red Flag

Massive insider selling rocks Northern Dynasty, as directors and senior management disclose they had disposed of over 2.6 million shares worth nearly C$6 million throughout July.

$3500 Gold!

Thu, 04 Sep 2025 00:10:00 -0000

It’s been a long slog, but here we are!

Gold made a clear break through $3500 this week hitting new highs— over $3600/oz. on the futures—, as lower rates, persistent inflation, tariffs uncertainty and geopolitical tensions linger in the air.

We will see if we close this week above $3500. A correction could be in order in the short term—it’s up 5% in a week—, as it catches its breath before it takes on $4000! 😉

____________________________________________________

MasterMetals

@MasterMetals

Anglo-Teck

Tue, 09 Sep 2025 12:56:00 -0000

"Merger of Equals" puts Anglo in charge with 62% of the new company, after the Keevils won enough concessions to sell the transaction at home…

Anglo-Teck merger creates a 1.2MM Tons Copper producer, combining Collahuasi and Quebrada Blanca 2 mines in Chile for significant cost savings. However, other companies like Glencore, BHP, or Rio might make a better offer for either Anglo or Teck before the deal closes.

The new 1.2MM Tons Copper producer's main benefit is

Orion & US in talks to set up $1.2 Billion fund for overseas mining projects

Thu, 18 Sep 2025 12:10:00 -0000

US' International Development Finance Corporation & Orion Resource Partners would each invest $600mn or more in the new fund — potentially alongside other SWF & US agencies—, as Washington seeks to counter Chinese dominance of critical minerals.

Of the US' $600 Billion contribution, $100MM would be for equity stakes in mining projects & $500MM for debt.

The DFC has already made a range of mining investments, including

Gold $4000 ✅ - (Another 🥳) ATH

Wed, 08 Oct 2025 20:19:00 -0000

Gold's Historic 2025 Rally: 53 54 All-Time Highs YTD

Gold's phenomenal 2025 performance is turning heads, making everyone (finally) start to take notice. The barbarous relic is up 50% YTD and has now set 53 54* All-Time Highs (through October 7 8). We’ve now breached the $4,000/oz. $4,050/oz. mark, once thought to be just a Gold Bug’s fantasy. The combination of macro and monetary policy concerns, geopolitical uncertainties, and safe-haven demand—exacerbated by the ongoing US federal government shutdown—, has proven unstoppable, creating the perfect storm for this year’s relentless rally.

The Latest Milestone: $4,000/oz.

Gold’s bull run in 2025 reached historic heights on October 7th as COMEX Gold Futures (GC1!) surged past $4,000/oz. for the first time ever, ending the day near its high of $4,014.60/oz., only to be surpassed today by passing $4050 on the spot, with futures reaching $4074/oz., and notching the 54th All-Time High of an already legendary year.

#Gold: $GLD (SPDR Gold Shares ETF) DOWN 1.7517%! Last at $362.32 on November 4, 2025 at 01:00AM. https://bit.ly/2uOmXzN

Tue, 04 Nov 2025 23:38:20 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">#Gold: $GLD (SPDR Gold Shares ETF) DOWN 1.7517%! Last at $362.32 on November 4, 2025 at 01:00AM. https://bit.ly/2uOmXzN</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1985853208539922700">Nov 4, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 05, 2025 at 12:34AM<br /> https://twitter.com/MasterMetals/status/1985853208539922700

$GDX (VANECK GOLD MINERS ETF ) DOWN 4.2356%! Last @ $68.28. See more here: https://bit.ly/2uOmXzN

Wed, 05 Nov 2025 01:13:09 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">$GDX (VANECK GOLD MINERS ETF ) DOWN 4.2356%! Last @ $68.28. See more here: https://bit.ly/2uOmXzN</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1985877792702038026">Nov 5, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 05, 2025 at 02:12AM<br /> https://twitter.com/MasterMetals/status/1985877792702038026

Every time I see Wesdome disappoint, I remember @real_MikeBarnes' sell. He was right all along the ride up, and has been right about Kiena for some time now... 👏 👇 $WDO.TO https://bit.ly/4nC14YI

Wed, 05 Nov 2025 02:43:41 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">Every time I see Wesdome disappoint, I remember @real_MikeBarnes' sell. He was right all along the ride up, and has been right about Kiena for some time now... 👏 👇 $WDO.TO https://bit.ly/4nC14YI</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1985900509207613905">Nov 5, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 05, 2025 at 03:42AM<br /> https://twitter.com/MasterMetals/status/1985900509207613905

$GDX: VANECK GOLD MINERS ETF UP 3.5003%, last at $70.67 on November 5, 2025 at 01:00AM. https://bit.ly/39s7ZgS #MasterMetals https://bit.ly/4hOaAGU

Thu, 06 Nov 2025 01:28:04 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">$GDX: VANECK GOLD MINERS ETF UP 3.5003%, last at $70.67 on November 5, 2025 at 01:00AM. https://bit.ly/39s7ZgS #MasterMetals https://bit.ly/4hOaAGU</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986243542386126942">Nov 6, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 06, 2025 at 02:25AM<br /> https://twitter.com/MasterMetals/status/1986243542386126942

$EQX UP 10%! https://bit.ly/4qM3LcQ

Thu, 06 Nov 2025 15:48:48 -0000

<blockquote class="twitter-tweet"> <p lang="und" dir="ltr" xml:lang="und">$EQX UP 10%! https://bit.ly/4qM3LcQ</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986459588728655937">Nov 6, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 06, 2025 at 04:44PM<br /> https://twitter.com/MasterMetals/status/1986459588728655937

$ERO (Finally) blasting off! https://bit.ly/3Lowww9

Thu, 06 Nov 2025 15:53:28 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">$ERO (Finally) blasting off! https://bit.ly/3Lowww9</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986461639055712735">Nov 6, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 06, 2025 at 04:52PM<br /> https://twitter.com/MasterMetals/status/1986461639055712735

When you have to go all the way down to the bottom of a news release to find the actual financial & operational results, you know. Just your quarterly reminder that $MUX SUX https://bit.ly/4oW4rdV https://bit.ly/47s2XT3

Thu, 06 Nov 2025 18:08:08 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">When you have to go all the way down to the bottom of a news release to find the actual financial & operational results, you know. Just your quarterly reminder that $MUX SUX https://bit.ly/4oW4rdV https://bit.ly/47s2XT3</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986494779136286845">Nov 6, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 06, 2025 at 07:03PM<br /> https://twitter.com/MasterMetals/status/1986494779136286845

@DrillAlertX Why? It's a shame. I've always found it to be a great source to see drill results, as well as a serendipitous way to find new companies!

Fri, 07 Nov 2025 00:13:20 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@DrillAlertX Why? It's a shame. I've always found it to be a great source to see drill results, as well as a serendipitous way to find new companies!</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986587031028277539">Nov 7, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 07, 2025 at 01:10AM<br /> https://twitter.com/MasterMetals/status/1986587031028277539

@YKnot38223527 @TheWealthMiner @Mark_IKN Not ironic at all…as it should be…

Fri, 07 Nov 2025 03:28:40 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@YKnot38223527 @TheWealthMiner @Mark_IKN Not ironic at all…as it should be…</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986636736529899930">Nov 7, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 07, 2025 at 04:28AM<br /> https://twitter.com/MasterMetals/status/1986636736529899930

@YKnot38223527 @TheWealthMiner @Mark_IKN To be fair, I wouldn’t put $BTO in the same 💩 bucket as MUX & AG

Fri, 07 Nov 2025 03:33:30 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@YKnot38223527 @TheWealthMiner @Mark_IKN To be fair, I wouldn’t put $BTO in the same 💩 bucket as MUX & AG</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1986637360633655425">Nov 7, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> November 07, 2025 at 04:30AM<br /> https://twitter.com/MasterMetals/status/1986637360633655425

Pipes Feed Preview: MasterMetals & MasterMetals Tweets

Central banks continue to accumulate gold at a record pace.

US' International Development Finance Corporation & Orion Resource Partners would each invest $600mn or more in the new fund — potentially alongside other SWF & US agencies—, as Washington seeks to counter Chinese dominance of critical minerals.