News

Dollar Climbs on Escalation of Middle East Hostilities

The dollar index (DXY00 ) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has boosted liquidity demand for the currency. Also, higher crude oil prices today have pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive...

First Majestic Offloads San Martin Mine in US$90 Million Deal

First Majestic Silver (TSX:AG,NYSE:AG) has agreed to sell its past-producing San Martin silver mine in Mexico for US$90 million in cash, furthering the company’s push to monetize non-core assets held on care and maintenance.The perimeter of the sale includes the Jalisco group of properties, covering 5,245 hectares of mining concessions located 250 kilometers north of Guadalajara.First Majestic suspended active mining operations at the San Martin silver mine and placed the facility under care and maintenance in July 2019 due to security concerns and declining operational efficiencies.The buyer is Flextronics Supply and Service, a private Mexican company that operates under Meridian Capital, an investment firm managing mining and energy developments across Mexico, Venezuela and Uruguay.Under a staggered payment structure, Flextronics will pay US$2.5 million at closing, US$2.5 million within 180 days, five annual US$10 million installments, and a final US$35 million payment on August 31, 2032.Closing is targeted for the fourth quarter of 2026, pending Mexican antitrust clearance.The transaction will also transfer all issued and outstanding shares of Minera El Pilon, S.A. de C.V., the subsidiary controlling the San Martin mine.The San Martin deal mirrors the financial architecture used in the company's recent Del Toro exit, where First Majestic traded legacy holding costs for guaranteed near-term liquidity and deferred payouts.The Del Toro silver mine, also located in Mexico, was placed on care and maintenance by First Majestic in January 2020.At the June 22 closing of the Del Toro sale, First Majestic received US$30 million upfront, split between US$20 million in cash and US$10 million in Sierra Madre Gold and Silver (TSXV:SM,OTCQX:SMDRF) common shares priced at C$1.30 each. The remaining US$30 million in potential consideration is bound to three specific development milestones that would each trigger a US$10 million payment.Combined, the two transactions eliminate significant care and maintenance liabilities from First Majestic’s balance sheet, while potentially securing as much as US$150 million in total value.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Is the Options Market Predicting a Spike in HCA Healthcare Stock?

HCA

Investors need to pay close attention to HCA stock based on the movements in the options market lately.

TechnipFMC Bags New Contract for Baleine Phase 3 Offshore Development

E, FTI, CVE, FCEL

FTI's new Baleine Phase 3 contract with E covers flexible flowlines and risers to support a major offshore production boost in Cote d'Ivoire.

Wednesday's ETF with Unusual Volume: IPAY

IPAY, PYPL, TOST, STNE, VYX

The Amplify Digital Payments ETF is seeing unusually high volume in afternoon trading Wednesday, with over 113,000 shares traded versus three month average volume of about 31,000. Shares of IPAY were off about 3.7% on the day. Components of that ETF with the highest volume on

Wednesday's ETF Movers: KWEB, SILJ

ATHM, PDD, SA, ASM, SILJ, KWEB

In trading on Wednesday, the KraneShares CSI China Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Autohome, up about 5.6% and shares of PDD Holdings, up about 2.6% on the day. And underpe

Jim Cramer says this 'self-help story' is a long-term buy after a 25% pullback

10, ET

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Daily Dividend Report: O,MET,EPD,SBUX,MRSH

O, MET, EPD, SBUX, MRSH

Realty Income, The Monthly Dividend Company—, today announced that it has declared its 673rd consecutive common stock monthly dividend. The dividend amount of $0.2710 per share, representing an annualized amount of $3.252 per share, is payable on August 14, 2026 to stockholders

Wednesday Sector Laggards: Precious Metals, Packaging & Containers

ARIS, ASM, SW, OI

In trading on Wednesday, precious metals shares were relative laggards, down on the day by about 5.3%. Helping drag down the group were shares of Aris Mining, down about 8.8% and shares of Avino Silver & Gold Mines off about 8.7% on the day. Also lagging the market Wednesd

Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns

META, CRWV, MSFT, GOOGL

Shares of the Magnificent Seven giant Meta Platforms (NASDAQ: META) recently received a serious boost after the company’s potential cloud push moved closer to reality. Shares jumped 8.8% on July 1 due to reports that it plans to sell its excess compute capacity to third parties.