Minera Alamos has announced a positive pre-feasibility study for the Copperstone Gold Project. Magna Mining has reported Q1 2026 operating and financial results from the McCreedy West mine. Paramount Gold Nevada has released an updated feasibility study for the Grassy Mountain Gold Project. Exploration updates from Scorpio Gold, Andina Copper, Tocvan Ventures and American Pacific Mining. This episode of Mining Stock Daily is brought to you by... ⁠⁠⁠⁠⁠⁠Revival Gold ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Vizsla Silver⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Equinox Gold⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Integra Resources ⁠⁠⁠

Morning Briefing: A Combination of Factors Driving Metals Lower this Morning

Mining Stock Daily

# Full Transcript

**Podcast:** Mining Stock Daily

## Participants

- **Trevor Hall** (Clear Commodity Network)

## Transcript

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 Hey, good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It is Thursday, May 28th. Gold is down 0.7% to $4,416 an ounce on that front month contract. Now hovering right on top of its 200-day moving average, which was a critical support level during the last significant pullback a number of weeks ago.

Silver is off 2.25% to $73.22 an ounce. Copper nearly flat, down about 0.2 to $6.32 a pound. Two things driving the metals complex lower this morning on the macro side. The Iran situation continues to deteriorate at the margins. The U.S. struck Iranian military targets for the second time this week,

this time shooting down four Iranian drones fired at a commercial ship and hitting a launch unit near the Strait of Hormuz. Kuwait's air defense systems were also active overnight, intercepting missile and drone threats. U.S. Central Command calls the strikes defensive and says the ceasefire remains intact. Iran's state media reported retaliatory action against the U.S. base from which the strikes were launched. The ceasefire is holding, I guess, barely.

But the fragility of the situation is becoming more apparent by the day. And the market has moved past pricing and quick resolutions. Another thing, Federal Reserve Governor Lisa Cook said yesterday that inflation is headed in the wrong direction, that she would be prepared to raise interest rates if that persists. She joins a growing list of Fed officials signaling that the inflation risk has now overtaken the labor market as the policy priority.

That combination, prolonged Hormuz closure plus a more hawkish Fed is a challenging macro setup for gold right here at that 200 day moving average. We'll get to the news out of the miners and explorers here in just a moment. But first, a quick word about today's sponsor. This episode of Mining Stock Daily is brought to you by Revival Gold. Revival is one of the largest pure gold mine developers operating in the United States.

The company is advancing the Merkur Gold project in Utah. And ongoing mine permitting and preparations are ongoing with exploration at BearTrack, Arnett in Idaho. Revival Gold is listed on the TSX Venture Exchange with the symbol RVG and trades on the OTCQX market with RVLGF. Learn more about the company at Revival-Gold.com.

From power generation to steelmaking, coal still drives the global economy. And the Coal Trader Podcast from Clear Commodity Network is where the industry comes to talk about it. Join me, Matt Water, and my partner, Joe Aldina, as we break down the latest trends in thermal and met coal, explore shifting ma...

Morning Briefing: A Combination of Factors Driving Metals Lower this Morning

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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Morning Briefing: A Combination of Factors Driving Metals Lower this Morning

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.