1. It looks like OMR's recent underwater shipwreck treasure find is stirring up quite the controversy now, with Spain wanting a slice of the pie, if not the whole thing, if it turns out that the find was made in Spanish waters.
2. In company news, Hecla (HL), a primary silver company, announced yesterday a stoppage at its Mina Isidora gold mine near El Callao, Venezuela. According to Hecla's President of Venezuelan Operations, Mike Callahan, "We would expect about a 10% effect on gold production for the year. This would be reflected in second-quarter results, which could be negatively impacted by approximately 12,000 ounces of gold. We would anticipate a negligible impact on the company's gross profit." HL is trading down 3% today in contrast to the HUI which is down about 1%.
3. GBN up big today on a down day in Gold. I wonder if something is brewing there.
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