Ryan Stancil,
Editor
July 6, 2026
Commodity Callout
A lot of commodity prices rose over the course of the week, but lithium in particular saw a healthy surge.
Metal Price Update
Gold — Gold rose, breaking recent downward trends. Prices started around $4020 per ounce and rose just past $4180 as economic data led some traders to believe that the chances of an interest rate hike in the near future were slightly lower.
Silver — Silver followed a similar trend, starting around $58.70 per ounce and ending around $62.80. For now, silver seems to be moving in tandem with gold, making this an opportunity to continue adding it to your portfolio.
Copper — Copper continued to be in a tight range, with not much movement beyond the previous week’s ending price. It started around $6.18 per pound and saw some back-and-forth movement to end around $6.22. When economic news is such that it has a large impact on gold and silver prices, fewer people pay attention to copper. This is an opportunity to continue stockpiling it.
Lithium Carbonate — Lithium prices reversed the recent trend and rose. They started around $22,300 per metric ton and ended around $24,400. Macro sentiment around lithium is improving and prices are reflecting that.
Uranium — Uranium prices rose over the week, starting around $85.20 per pound and rising to just above $86 before finally settling around $85.70. It’s been trending back upward after some losses in the previous week, continuing to show its stability.
Company Callout
Daura Gold Corp. (TSX-V: DGC)(OTC: DGCOF) / Latin Metals Inc. (TSX-V: LMS)(OTC: LMSQF) are names to consider for your portfolio. Through their binding agreement, these two companies are delivering results from the La Flora system, which Daura has optioned from Latin Metals as part of the Cerro Bayo package.
The recent release reported high-grade surface sampling results, which tell us that there is high-grade mineralization at surface. It’s not yet known what the grade, width, continuity, and tonnage are, but investors now know what the site is worth drilling.
Phase II drilling is expected in Q3 of this year and will include follow-up drilling and testing of undrilled targets at Cerro Bayo. La Flora, meanwhile, will see its first-ever drill testing where the hope is that previous successful drilling that produced multiple gold-silver intercepts at Cerro Bayo will be repeated.
All of this is a result of the prospect generator model, where Daura has optioned the project from Latin Metals and funds the exploration. If it’s successful, both companies will benefit and if it is not, Latin didn’t have to dilute its value to explore the project.
This just scratches the surface of how Latin Metals is thriving in the mining sector during a commodities bull market, but there is much more to the story.
You can learn more about Daura and Latin Metals, their operations, and the potential wealth they’ll help investors build in the pages of Underground Alpha by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest