Copper futures dropped 3% during the week ending at $4.11 noted mining audiences manager Michael McCrae.
On Sunday mining McCrae recorded Kitco Roundtable.
Bloomberg noted that the metal was at its lowest level since April, adding that pessimism about China's prospects, and a heavy selloff in global technology stocks hurt the metal. A big AI buildout, which would require lots of copper for the data centers, became less certain.
On Friday Seabridge Gold (TSX: SEA) announced that it had received its "substantially started" designation from the BC Government for its 100% owned KSM Project. Seabridge says that the KSM project is the world's largest undeveloped gold project as measured by reserves and resources. An updated preliminary feasibility study estimates proven and probable reserves total 47.3 million ounces of gold and 7.3 billion pounds of copper
Seabridge was up 13% for the week to $22 a share.
Kitco Roundtable is sponsored by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.
Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
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