Oct. 27 at 9:19 PM
$MDNGF Copper prices jumped nearly 2%, topping
$10,800/t, as production challenges at major mines — including El Teniente (Chile) and Grasberg (Indonesia) — deepen the global supply deficit. Goldman Sachs has now flagged a potential test of all-time highs, with traders adding bullish exposure as the COMEX-LME arbitrage tightens physical markets.
Amid this backdrop, Midnight Sun Mining (TSXV: MMA | OTCQB: MDNGF) is advancing what could become Zambia’s next major copper discovery.
Highlights — Dumbwa Sulphide System:
• 39.7m @ 0.51% Cu (incl. 7m @ 1.13% Cu)
• 25.9m @ 0.48% Cu
• Multiple parallel shear zones confirmed — expanding the mineralized footprint
At Kazhiba, CEO Al Fabbro added:
“Our 2024 program confirmed a substantial high-grade near-surface oxide blanket, with only ~40% of the target tested so far.”
Backed by a C
$26.5M bought deal led by Haywood and Beacon, Midnight Sun is fully funded for year-round drilling, with a maiden Kazhiba oxide resource due in November.