Ivanhoe encouraged by rise in palladium price

Oct 18 13:10 2019 Print This Article

Ivanhoe Mines’ (TSX: IVN) co-chairmen Robert Friedland and Yufeng “Miles” Sun issued a communiqué this week stating that recent increases in the price of palladium, nickel, rhodium and gold have resulted in the weighted price of the ‘basket’ of metals contained in the ore at the company’s Platreef project to rise to a new, multi-year high.

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“While many investors are focused on gold, palladium has been far and away the best performing precious metal for the past several years,” Friedland wrote in the press brief. “The strong, upward price appreciation since 2016 of the collective basket of metals to be produced by Platreef when commercial operations commence at the Tier One discovery is encouraging.”

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About Article Author

Junior Mining News

Dudley Pierce Baker is the founder and editor of Common Stock Warrants and a 1967 graduate of St. Mary’s University in San Antonio, Texas with a major in accounting. A former for IRS agent, Baker has 35 years or so of accumulated knowledge and experience in trading stocks, options, leaps, futures, options on futures and of course, warrants. In March 2005, he founded and launched this new investment Market Data Service, Precious Metals Warrants, which provides the detail on all mining and energy company Warrants trading on the U.S. and Canadian Exchanges. As an investor, Baker looked all over for helpful information about US-Canada mining and energy industry's; he, therefore, proceeded to accumulate the sources of the information and then to build the website into a user-friendly place to get the details on all warrants trading on the mining and energy companies.

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