Breaking
The Insightful Investing
Author

admin

Browsing
Investing

OPINION — Goldenomics 102: The Shadow Price of Gold

Investing 6 Mins Read

By Darren Brady Nelson

One of the underrated, and easily dismissed, stories from the first 100 days of the second Donald J. Trump presidency was in March 2025, when the president said: “We’re actually going to Fort Knox to see if the gold is there, because maybe somebody stole the gold. Tonnes of gold.”

Two developments have happened since. First was his May 2025 executive order “Restoring Gold Standard Science.” Second was his signing the July 2025 GENIUS Act. The former could be a word teaser for “Restoring The Gold Standard.” The latter seems to be a step in that direction.

Source: The White House.

Fort Knox gold

The US Department of the Treasury’s Weekly Release of US Foreign Exchange Reserves shows the levels of various official assets, including gold. It reported gold of 261.499 million fine troy ounces. An estimated 56 percent of that is in Fort Knox, with the remainder in West Point, Denver and New York.

The Federal Reserve Act 1913 still gives the power to the US Federal Reserve: “To deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion (and much more).”

The question of how much gold is in Fort Knox and elsewhere is not only important for the purposes of DOGE, but even more so in the case of a potential return to a gold standard. And such an incredible return is not mere speculation, but is due to some credible public comments.

Source: Visual Capitalist.

Trump gold standard

Private citizen Trump commented, as a presidential candidate, about a possible return to a gold standard in June 2016, when he said: “Bringing back the gold standard would be very hard to do, but, boy, would it be wonderful. We’d have a standard on which to base our money.”

More recently, Steve Bannon stated in December 2023: “Nixon took us off the gold standard … over a weekend … in an emergency executive order. That is going to be reviewed strongly in the second Trump term … getting rid of the Fed, yeah, maybe you start with converting back into gold.”

Economist Judy Shelton has an October 2024 book as a guide: “When the US dollar is backed by gold, America prospers, and so does the rest of the world. But this is no curmudgeonly demand to return to the gold standard of yore; (but) gold for a new international monetary order.”

Some sort of gold standard might dovetail with a new global trading system, as outlined in the “Mar-a-Largo Accord” of November 2024, as well as with the GENIUS Act of July 2025, which: “establishes a regulatory framework for payment stablecoins (must redeem for a fixed value).”

Shadow gold price I

Shadow pricing is a method long used in cost benefit analysis that adjusts prices from, or creates prices for, failed or non-existent markets. The shadow price of gold (SPoG) in August 2018 was defined as: “The linkage between the US monetary base and the implied price of gold.”

The In Gold We Trust (IGWT) annual report from May 2025 uses a similar definition: “The theoretical gold price in the event of full gold backing of the base money supply.” The report adds: “The reciprocal value of the (SPoG) gives the degree of coverage of the monetary base.”

The reciprocal SPoG, based on current market prices, is the “Gold Coverage Ratio” (GCR). The report explains further that: “Currently, the (GCR) in the US is only 14.5%. To put it crudely: Only 14.5 cents of every US dollar currently consists of gold, the remaining 85.5% is air.”

Gold backing of monetary base, in percent, 01/1920 to 03/2025.

Source: Incrementum.

Shadow gold price II

According to IGWT: “In the gold bull market of the 2000s, (GCR) tripled from 10.8% to 29.7%. A comparable (GCR) today would only arise if the gold price were to almost double to over $6,000. The record value of 131% from 1980 would correspond to a gold price of around $30,000.”

IGWT goes beyond just $USD: “The international shadow gold price (ISPoG) shows how high the gold price would have to rise if the money supply (M0 or M2) of the leading currency areas were covered by the central banks’ gold reserves in proportion to their share of global GDP.”

“This view impressively reveals the extent of the monetary expansion: With an — admittedly purely theoretical — 100% coverage of the broad money supply M2, the gold price (per ounce) would be over $231,000; even with a moderate 25% coverage, it would be around $58,000.”

International shadow gold price at different gold coverage levels (log), in USD, 12/2024.

Source: Incrementum.

Shadow gold price III

In May 2024, James Rickards predicted: “My latest forecast is that gold may actually exceed $27,000. I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis.”

This was based on a similar approach to SPoG and GCR that he called “the implied non-deflationary price of gold under a new gold standard (iPoG).” Rickards calculated a gold price, based on iPoG, of $27,533 per ounce.”

He divided US$7.2 trillion of M1 money supply by 261.5 million of gold troy ounces (or 8,133 metric tonnes) in official US reserves estimated by the World Gold Council. The M1 figure is 40 percent of US$17.9 trillion as: “this percentage was the legal requirement for the US Federal Reserve from 1913 to 1946.”

In summary, the sort of gold prices that might be reached under a return to a gold standard, using the shadow price of gold approach, range from lows of US$6,000 to highs of US$231,000, with US$27,533, US$30,000 and US$58,000 in between.

Whatever the gold price ends up at, it would be a once-in-a-lifetime windfall for those holding gold at that time. After that, gold would cease to be an investment, as it has been since 1971 and 1974. Because gold would be actual money once again, and it would be sound money at that.

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Click here to read Goldenomics 101: Follow the Money.

This post appeared first on investingnews.com

Keep Reading
Investing

Top 5 Canadian Mining Stocks This Week: Kirkland Lake Discovery Gains 88 Percent

Investing 9 Mins Read

Statistics Canada released July’s labor force survey on Friday (August 8). The data shows that the Canadian economy shed 41,000 workers during the month and registered a 0.2 percent decline in the employment rate to 60.7 percent.

However, the unemployment rate was unchanged at 6.9 percent.

The most significant segment for the decline was among youth aged 15 to 24, with a drop of 34,000. That pushed the youth unemployment rate up to 14.6 percent, its highest rate since September 2010 apart from the pandemic.

In terms of industry, construction saw the steepest decline as it lost 22,000 workers during the month.

South of the border, the US imposed a 39 percent tariff on imports of 1 kilogram and 100 ounce gold bars from Switzerland.

In a ruling posted to US Customs and Border Protection’s (CBP) Customs Rulings Online Search System on Friday, the CBP states that reciprocal tariffs will be applied to these bars. Switzerland is the world’s biggest refining and transit hub, and imports of the 1 kilogram and 100 ounce bars are typically used to back transactions on the COMEX.

The ruling caused some uncertainty among gold traders, who paused imports of the precious metal to the US and pushed the price for December contracts on the COMEX to a high of US$3,534 per ounce in morning trading.

While the price has since retreated, it’s still up more than 1 percent on the day at US$3,491.

The gold spot price is also up significantly this week, gaining 3.26 percent by 4:00 p.m. EDT on Friday to US$3,398.42. Silver was up even more; it rose 4.58 percent to US$38.38 and is closing in on its recent highs.

Markets and commodities react

In Canada, equity markets were in positive territory this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) posted steady gains through the week, moving up 2.16 percent to close at 27,758.68 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) registered a 2.71 percent rise to 787.22. Meanwhile, the CSE Composite Index (CSE:CSECOMP) soared, gaining 8.99 percent to 142.78.

US equity markets were broadly down on Friday on new US tariffs and poor jobs data. The S&P 500 (INDEXSP:INX) rose 1.62 percent to 6,389.44, the Nasdaq 100 (INDEXNASDAQ:NDX) jumped 2.86 percent to 23,603.05 and the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 0.90 percent to 44,175.60.

In base metals, copper prices fell as low as US$4.41 per pound on Tuesday (August 5), but recovered to finish the week with a 0.67 percent gain to US$4.52.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Kirkland Lake Discoveries (TSXV:KLDC)

Weekly gain: 88.24 percent
Market cap: C$15.2 million
Share price: C$0.16

Kirkland Lake Discoveries is a gold-copper explorer focused on projects in its district-scale land package located in the Kirkland Lake area of Ontario, Canada. Its holdings span approximately 38,000 hectares in the Abitibi greenstone belt, an area that holds past-producing gold and copper mines. Its land is broadly divided into KL West and KL East, which contain the Goodfish-Kirana and Lucky Strike gold projects, respectively, among others.

On April 29, the company entered a mining option agreement with Val-d’Or Mining (TSXV:VZZ) to acquire the Winnie Lake and Amikougami properties, as well as mining claim purchase agreements with two vendors to acquire further claims around the Winnie Lake Pluton. The properties expand KL West’s southern portion.

On Wednesday (August 6), the company initiated an inaugural diamond drill program at KL West and Winnie Lake. The program is designed to follow up on historic drill results as well as recent surface exploration.

About 2,000 meters of drilling are planned, and the company expects it to be completed by the end of August. Kirkland stated that assays will be released as they are received and interpreted.

2. Avanti Helium (TSXV:AVN)

Weekly gain: 78.95 percent
Market cap: C$15.2 million
Share price: C$0.17

Avanti Helium is an explorer and developer focused on advancing helium assets in Canada and the US toward production. Its Greater Knappen projects are composed of several areas in Southern Alberta, Canada, and Northern Montana, US. The combined land packages cover approximately 74,000 acres with multiple targets.

According to its project page, Avanti has drilled three exploration wells in Montana, with two testing for a combined 18.5 million cubic feet per day gas rate with 1.1 percent helium concentration.

The company’s Leader project consists of a combined land package of 91,000 acres in Southern Saskatchewan. The surrounding region has seen 84 wells drilled by other companies since 2016, and as of September 2023, it hosted approximately 25 wells producing 450,000 cubic feet of helium per day.

Avanti gained this week after it announced on Thursday (August 7) that it has signed a multi-year offtake agreement with a global industrial gas supplier. The buyer has committed to a minimum monthly volume from Avanti’s Sweetgrass helium recovery unit in Montana, for 33 percent of the initial plant output and 25 percent following a planned expansion.

3. Discovery Energy Metals (CSE:DEMC)

Weekly gain: 68.57 percent
Market cap: C$17.08 million
Share price: C$0.295

Discovery Energy Metals is a lithium explorer working to advance interests in Québec and BC, Canada. Most of the company’s land holdings are in Québec, where it has interests in over 225,000 hectares.

On March 20, the company released assays from a fall 2024 exploration program focused on its Eeyou Istchee James Bay properties. It reported values including 82 parts per million tantalum pentoxide and 101 parts per million cesium oxide at Cirrus East, and 0.66 g/t gold and 0.56 percent zinc at its Mantle property.

Discovery announced on June 25 that it had completed the acquisition of eight mineral claims over 5,283 hectares at the Crystal Lake property in BC. The company acquired the property in a deal with Zimtu Capital (TSXV:ZC).

Early stage exploration work at the property was carried out between 2009 and 2010, and included a magnetic survey and grab samples, which returned up to 0.7 percent copper with elevated gold and silver.

The most recent news from Discovery came on July 15, when it announced a non-brokered private placement for up to 10 million units for gross proceeds of up to C$1 million.

4. Abcourt Mines (TSXV:ABI)

Weekly gain: 66.67 percent
Market cap: C$45.53 million
Share price: C$0.075

Abcourt Mines is a gold exploration and development company focused on operations at its Sleeping Giant mine in the Abitibi region of Québec. The property consists of four mining leases covering an area of 458 hectares and 69 claims. The site hosts an underground mine along with a mill capable of processing 750 metric tons per day.

A July 2023 preliminary economic assessment demonstrates an after-tax net present value of US$77.5 million with an internal rate of return of 33.3 percent over a payback period of 2.2 years.

The company has been working on restarting mining operations at the site throughout 2025.

On Thursday, it provided an update on progress from Sleeping Giant, stating that teams had begun the rehabilitation of underground openings, as well as preparations at the mill for the first stope at the end of July. It also said it had built a surface stockpile of approximately 1,000 metric tons of ore and started work on a tailings facility. Once complete, pulp storage will be good until 2032 at the proposed mining rate of 100,000 to 125,000 metric tons per year.

5. Scorpio Gold (TSXV:SGN)

Weekly gain: 64.71 percent
Market cap: C$60.93 million
Share price: C$0.28

Scorpio Gold is an exploration and development company focused on the advancement of its Manhattan District in the Walker Lane Trend in Nevada, US. The district is composed of the 6,071 acre Manhattan project, which hosts two past-producing open-pit mines, Reliance and Manhattan, as well as the fully permitted Goldwedge underground mine.

Scorpio acquired the project from Kinross Gold (TSX:K,NYSE:KGC) in 2021.

The most recent update from the project came on June 19, when Scorpio announced it was commencing a Phase 1 diamond drill program. The focus is on targets at the Gap zone, the Zanzibar trend and Mustang Hill. Up to 3,400 meters have been planned, with results contributing to an initial mineral resource estimate, which is expected in Q3.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
Sport

WNBA issues statement about arena safety in midst of sex toy trend

Sport 2 Mins Read

The WNBA issued a statement Friday about the sex toys have been thrown in arenas and onto the court at games over the past two weeks.

“The safety of everyone in our arenas remains a top priority,’ a WNBA spokesperson said in a statement. ‘We are working closely with local and federal law enforcement to pursue all appropriate actions — including arrest and prosecution with felony charges where applicable — against anyone engaged in this conduct or otherwise involved in sponsoring this reckless and unacceptable behavior.”

Most of the toys thrown on the court have been green and a cryptocurrency meme coin creator took responsibility for the trend.

The group said they are planning more ‘pranks’ as a protest against the ‘toxic’ environment in the crypto world and they’re not meant to disrespect women athletes.

Seven known incidents of sex toys being thrown at WNBA games, with four reaching the court during live game action, have taken place since July 29. The latest incident came on Thursday night when the Chicago Sky played host to the Atlanta Dream. Two sex toys came down from the stands in the waning minutes. One made it to the court and play had to be stopped.

The first incident occurred on July 29, when the Golden State Valkyries were playing the Atlanta Dream at the Gateway Center Arena.

A 23-year-old man was arrested and charged with disorderly conduct, public indecency/indecent exposure and criminal trespass. A second individual was also arrested for one of the incidents at a different WNBA game.

The Crypto group spokesperson stated that the two individuals arrested were not part of the group.

Terri Jackson, the executive director of the WNBAPA, also released a statement on behalf of the players’ union regarding the situation.

“Upon our request for an update, the league advised the players’ union that it was investigating claims that individuals were being incentivized to carry out these unsafe stunts,” Jackson said.

This post appeared first on USA TODAY

Keep Reading
Sport

Panthers’ Xavier Legette, Browns’ Rayshawn Jenkins ejected after brawl

Sport 1 Min Read

The anticipated preseason matchup between the Cleveland Browns and Carolina Panthers got chippy early on Friday night.

Panthers wide receiver Xavier Legette and Browns safety Rayshawn Jenkins got into a scuffle on Carolina’s second drive of the game. The two were tangled up after the play before Legette, a second-year pro, threw a few punches at Jenkins.

Jenkins, a nine-year veteran, then proceeded to grab Legette’s helmet while the receiver tried to tackle him. As Legette went to the ground, Jenkins was able to rip off his helmet.

Officials threw several flags as a result of the melee. After an extended huddle, they called Legette and Jenkins for offsetting unsportsmanlike conduct penalties and ejected them from the game.

Jenkins, who is battling for a backup safety role in Cleveland was replaced by fellow veteran Damontae Kazee.

Meanwhile, Legette’s exit gave fellow second-year wide-out Jalen Coker more time to play with Bryce Young. The Holy Cross product made the most of it, catching a 5-yard touchdown to cap off Carolina’s second drive of the evening.

This post appeared first on USA TODAY

Keep Reading
Sport

Browns coach mum on QB competition after Shedeur Sanders debut

Sport 2 Mins Read

Shedeur Sanders enjoyed a quality preseason debut in the Cleveland Browns’ 30-10 win over the Carolina Panthers.

Despite Sanders’ strong performance, Kevin Stefanski didn’t immediately make it clear whether that would help the 23-year-old rookie move up Cleveland’s crowded quarterback depth chart.

‘We’re really just focused on developing our players,’ Stefanski told reporters when asked about the Browns’ quarterback competition in a postgame news conference. ‘We’re in evaluation mode. I’m pleased with where the guys are, but I’m not diving into the quarterback competition.’

Sanders, listed as the team’s fourth-string quarterback, started and played a majority of Cleveland’s preseason debut. He was granted the opportunity as the team’s 40-year-old listed starter, Joe Flacco, was held out of the game while second- and third-string quarterbacks Kenny Pickett and Dillon Gabriel missed the game due to hamstring injuries.

Sanders played 10 of Cleveland’s 13 drives, completing 14 of 23 passes for 138 yards and two touchdowns across his extensive action. The Colorado product was sacked just twice, did not throw an interception and posted an impressive 106.8 passer rating.

Stefanski called the reps Sanders received ‘invaluable.’ He also implied the young quarterback would have a big role in Cleveland’s offensive game plan in the team’s preseason Week 2 game against the Philadelphia Eagles.

‘He’ll get a ton of reps next week as well,’ Stefanski said. ‘That’s all a part of our development of our young players.’

Still, it remains unclear whether that development will include a move up Cleveland’s depth chart.

This post appeared first on USA TODAY

Keep Reading
Sport

Shedeur Sanders makes NFL debut as Browns face Panthers: Highlights

Sport 10 Mins Read

Shedeur Sanders made his much-anticipated Cleveland Browns debut on Friday. The fifth-round rookie lived up to the hype and put together an impressive performance in a 30-10 Browns win.

Sanders completed 14-of-23 passes during the contest for 138 yards and two touchdowns. He was sacked just twice during the game and didn’t turn the ball over while playing most of the first three quarters of the game.

Sanders’ chance to start for Cleveland came as Kenny Pickett and Dillon Gabriel missed the game due to hamstring injuries while 40-year-old veteran Joe Flacco was simply held out of the game.

That opened the door for Sanders to star, while recently signed fifth-string quarterback Tyler Huntley (6-for-8 passing, 51 yards, one touchdown) also fared well.

USA TODAY Sports tracked live updates from Sanders’ Browns debut. Here’s a look at the major highlights from the contest.

Ryan Fitzgerald makes 32-yard field goal

The Panthers got on the board for the first time since the first quarter in the final two minutes of the game. Fitzgerald, a rookie kicker, was given a chance to attempt a 32-yard field goal and made it. That should put a bow on the Browns-Panthers preseason game, as Cleveland will likely take a knee, up 20 points in the final couple minutes. Browns 30, Panthers 10.

Tyler Huntley hits Cade McDonald for 6-yard touchdown

Shedeur Sanders threw two touchdowns to Kaden Davis. Tyler Huntley’s score went to Cade McDonald, who broke free on the left side of the field and waltzed untouched into the end-zone.

The Browns made the extra point to extend their lead to 23. Browns 30, Panthers 7.

Dustin Hopkins makes 23-yard field goal

Tyler Huntley got the Browns into scoring position on his first drive of the game. Hopkins capped it off with a chip-shot field goal make to extend Cleveland’s lead. Browns 23, Panthers 7.

Shedeur Sanders stats today

Below is a full look at Sanders’ stats from his preseason debut:

  • Completions/Attempts: 14/23
  • Passing yards: 138 yards
  • Passing touchdowns: 2
  • Passer rating: 106.8
  • Interceptions: 0
  • Fumbles (Lost): 0
  • Rushing yards: 19 (four carries)
  • Sacks: 2

Shedeur Sanders replaced by Tyler Huntley

Sanders’ NFL debut is now in the books. With 2:12 remaining in the third quarter, the Browns trotted onto the field with Tyler Huntley in at quarterback. That will put a bow on a strong showing from Sanders, who did well to state his case to move up Cleveland’s quarterback depth chart.

Browns score on 4-yard jet sweep

Gage Larvadain has found his way into the end-zone. On a fourth-and-1 from the 4-yard line, the rookie receiver got the ball on an end-around carry. He found space to the outside and ran it into the end-zone to put the Browns up 14.

Sanders wasn’t credited with a touchdown on the run, but he completed both of his passes on the drive for 27 yards.

Shedeur Sanders sacked for second time

Cleveland went three-and-out on its first drive of the second half and saw Sanders sacked for the second time. He was brought down by Demani Richardson from behind for a loss of 5 yards.

The sack marked the first time Sanders was tackled hard on a passing play. His previous sack saw him get pushed out of bounds while running toward the sideline.

LeBron James praises Shedeur Sanders

Deion Sanders isn’t the only one praising his son for his performance Friday. LeBron James, who is a big Browns fan, also took to social media to praise Sanders and encouraged the Cleveland quarterback to ‘Keep going UP!!!’

Shedeur Sanders halftime stats

Sanders’ Browns debut has gone well so far. Cleveland has a 14-7 halftime lead, and Sanders has been responsible for both of the team’s scores.

Below is a look at his stats from the first half:

  • Completions/Attempts: 11/18
  • Passing yards: 103
  • Passing touchdowns: 2
  • Passer rating: 113.9
  • Interceptions: 0
  • Fumbles (Lost): 0
  • Rushing yards: 20 (three carries)
  • Sacks: 1

Shedeur Sanders throws second TD of first half to Kaden Davis

For the second time of the first half, Sanders finds Davis for a touchdown. This time, the Colorado product hung in the pocket as his running back made a nice block on a Panthers defender. Sanders spotted Davis breaking open over the middle of the field and hit him for the score.

Once again, the Browns made the extra point. They now have their first lead of the game. Browns 14, Panthers 7.

Shedeur Sanders completes 29-yard pass to Luke Floriea

Sanders’ strong first half continues. This time, he finds Floriea open down the right sideline after scrambling away from pressure and into a throwing position.

Sanders layered his throw into the coverage well. Floriea managed to make a brilliant one-handed catch on the ball to create Cleveland’s biggest play of the first half thus far.

Deion Sanders praises Shedeur Sanders after TD throw

Shortly after Sanders tossed his first touchdown throw, his father took to social media to praise him for the play.

Shedeur Sanders sacked for first time

The bad news: Sanders was sacked for the first time of the game to end the Browns’ fifth offensive drive of the game. The good news: it was just for a 1-yard loss, as he managed to scramble around the backfield for a long time before eventually running out of bounds after losing the angle to the sideline.

Sanders may not be able to continue to get away with scrambling deep into the backfield as his NFL career continues, but thus far, he has managed to elude many significant mistakes.

Shedeur Sanders converts third-down on strike to Gage Larvadain

The Browns faced a third-and-9 from inside their own 9-yard line when Sanders found Larvadain on the left side of the field. Sanders hung amid pressure at his feet near the goal-line and delivered a rocket to his receiver, who made the catch and generated a few yards after it.

Shedeur Sanders throws first TD pass with Browns

Sanders got the Browns into the end-zone following the botched punt, and the score was a thing of beauty. The Colorado product bootlegged to the left after a play-action fake and saw he had a small window to fit the ball into Kaden Davis.

Sanders threaded the needle between two defenders to perfectly deliver it to Davis. The Browns converted the ensuing extra point to tie the game. Browns 7, Panthers 7.

Browns stall out, get second chance after botched punt

A few Browns rush attempts, a little miscommunication and a muffed punt by Carolina’s Trevor Etienne led to a second chance to put points on the board for Sanders and the Browns offense. They took over on the Panthers’ 10-yard line

Bryce Young hits Jalen Coker for 5-yard touchdown

The Panthers got on the board first during Friday night’s clash. Young found Coker open in the end-zone on a third-and-goal and feathered a pretty pass to the Holy Cross product.

The Panthers brought Matthew Wright on to attempt the extra point and he made it. That gives the Panthers an early lead and will put Sanders on the comeback trail. Panthers 7, Browns 0.

Xavier Legette, Rayshawn Jenkins ejected after brawl

The Browns vs. Panthers game got chippy early, as Legette threw a few punches at Jenkins, who ripped the helmet off the second-year wide-out as part of the melee.

Legette and Jenkins were called for offsetting unsportsmanlike conduct penalties and were ejected from the game.

Shedeur Sanders throws ball away after being pressured on fourth-and-1

Kevin Stefanski gave Sanders and the Browns offense a chance to prove itself on a fourth-and-1. The rookie quarterback once again found himself under pressure and tried to escape it by running backward. He couldn’t shake the defense, falling back near midfield before uncorking a throw toward the right sideline that harmlessly felt incomplete.

Sanders is now 3-for-7 passing for 30 yards during his Browns debut. He also has 10 yards on one scramble.

Shedeur Sanders uses legs to pick up first down

Sanders was pressured on a third-and-9 but managed to escape. He found a lane to the right side of the field and ran for 10 yards before sliding down to keep the chains moving.

The scramble put the Browns at the back end of potential field-goal range.

Shedeur Sanders completes pass to Kaden Davis, can’t convert third down

Sanders is officially on the board with his first completion. He found Davis for a 4-yard gain, but the receiver was tackled inches shy of the line to gain.

As a result, the Browns decided to punt, meaning Sanders’ first drive will end in a 3-and-out.

Shedeur Sanders’ first pass incomplete to Diontae Johnson

Sanders’ first throw as a member of the Browns was intended for veteran receiver Diontae Johnson. The rookie quarterback targeted the former Pittsburgh Steelers star on a slant over the middle but couldn’t connect. The throw was a little high and bounced off Johnson’s hands.

Browns vs. Panthers start time

  • Date: Friday, August 8, 2025 
  • Time: 7 p.m. ET

The Browns vs. Panthers game will kick off at 7 p.m. ET Friday. That will be NFL fans’ first chance to get an extended look at Shedeur Sanders, who is starting the game. 

Browns vs. Panthers TV channel 

  • Cable TV: NFL Network
  • Local TV: News 5 (Cleveland) | WJZY (Carolina)
  • Streaming: NFL+ | Fubo

NFL Network will broadcast Shedeur Sanders’ Browns debut against the Panthers. Those in the Cleveland market will be able to catch the game on News 5 while those in the Carolina area will be able to catch the game on WJZY.

Those choosing to live stream the game can turn to Fubo, which carries a free trial.

Watch NFL Network with Fubo (free trial)

What number is Shedeur Sanders?

Sanders is wearing the No. 12 jersey during his rookie season with the Browns. 

Sanders wore the No. 2 jersey during his college days at Colorado. That number belonged to receiver-slash-return specialist DeAndre Carter when Sanders joined the Browns.

Sanders has not commented on the significance of the No. 12 jersey. It’s worth noting his college teammate Travis Hunter wore the No. 12 at Colorado. Tom Brady, who has been a mentor to Sanders, also wore the No. 12 throughout his professional career with the Patriots and Buccaneers.

Shedeur Sanders draft pick

Sanders was selected in the fifth round of the 2025 NFL Draft with the 144th overall selection. He was the sixth quarterback selected and the first taken on the draft’s third day.

Browns QB depth chart

The Browns have six quarterbacks currently on their 90-man roster. Below is a look at the pecking order among the group. 

  1. Joe Flacco 
  2. Kenny Pickett 
  3. Dillon Gabriel 
  4. Shedeur Sanders 
  5. Tyler Huntley 
  6. Deshaun Watson 

Watson isn’t expected to play in 2025 after suffering multiple Achilles tears in a three-month span last season. Flacco, Pickett and Gabriel will not play in the preseason opener, as the latter two deal with hamstring injuries while Flacco, 40, will simply not be active.

Shedeur Sanders passing yards

Sanders completed 14-of-23 passes for 138 yards and two touchdowns in his debut against the Panthers.

Browns vs. Panthers odds, moneyline, over/under

The Panthers are favorites to defeat the Browns, according to the BetMGM NFL odds. Looking to wager? Check out the best mobile sports betting apps offering NFL betting promos in 2025 including the ESPN BET app and Fanatics Sportsbook promo code. 

  • Spread: Panthers (-6.5) 
  • Moneyline: Panthers (-300); Browns (+240) 
  • Over/under: 32.5 

Not interested in this game? Our guide to NFL betting odds, picks and spreads has you covered. 

New to sports betting? USA TODAY readers can claim exclusive promos and bonus codes with the best online sportsbooks and sports betting sites. 

This post appeared first on USA TODAY

Keep Reading
Sport

Fever lose two guards for rest of season; Caitlin Clark unsure of return

Sport 3 Mins Read

  • The Indiana Fever will be without guards Sydney Colson (ACL) and Aari McDonald (broken foot) for the rest of the season.
  • These injuries come as the Fever are already playing without star guard Caitlin Clark due to a groin injury.
  • Clark expressed frustration with her injury-riddled season on Sue Bird’s podcast.

The Indiana Fever, who are already without All-Star guard Caitlin Clark, announced Friday they have lost two more guards — Sydney Colson (left ACL tear) and Aari McDonald (broken right foot) — for the remainder of the season.

League rules don’t allow the Fever to sign a hardship player until after Saturday’s game against Chicago, meaning they will have nine players available for that contest. The teams meet at 8 p.m. ET at Gainbridge Fieldhouse in Indianapolis.

Colson and McDonald each suffered injuries during the Fever’s loss to the Phoenix Mercury on Thursday, Aug. 7. Colson was injured in the first quarter of the game in Phoenix while trying to track down the basketball near the Fever’s bench. McDonald left the game limping in the fourth quarter. Neither player returned.

For her part, Clark appeared on Sue Bird’s podcast, ‘Bird’s Eye View,’ on Friday and spoke about the frustrations of her injury-filled season and not having a grip on when she will be able to come back. After winning Rookie of the Year in 2024, Clark has played in 13 of 32 games this season and remains out indefinitely with a right groin injury.

“Obviously, there are really frustrating days and there are days where it’s a little bit easier and you’re very motivated and you’re close to the finish line of getting back,’ Clark told Bird on the podcast.

“It’s not like I have a training camp to build up to play in my first game again. It’s like no, you’re tossed into game 30 — like, ‘Go try to play well.’ It’s hard, it really is.”

Clark is averaging 16.5 points, five rebounds and 8.8 assists while shooting 36.7% from the field, including 27.9% from 3-point range.  

‘It’s just been so challenging being active, playing four games, and then not,’ Clark said. ‘Not feeling the best and then frustrated of how hard I worked in the offseason and all I do is rehab and continue to do this process.

‘That’s been the hardest part, the stop-and-go of everything.’

Clark shared that she understands how much fans enjoy seeing her play and plans to continue to travel with Indiana Fever regardless of her injury.

‘You want to play,’ Clark said, knowing that people bought tickets for her games to get the chance to see a deep 3-pointer or amazing pass. ‘But I still try and make it memorable. I am going to sign autographs for way longer when I am hurt than when I am not injured.’

Clark started the season with a left quad injury, then injured her left groin and now the right. She said her mom texted her after the most recent setback and urged her to take the time she needs to heal.

‘She said, ‘You have given so much to the game, take some time for yourself,” Clark said.

Clark also eluded about her career after basketball, joking about becoming a college coach because of the lack of defense played at that level. She then talked about being on the sidelines at games, ‘coaching the refs.’

‘I should be ref,’ she joked. ‘I’d wouldn’t miss a call.’

This post appeared first on USA TODAY

Keep Reading
Investing

Codelco Seeks Partial Restart at El Teniente Mine After Fatal Collapse

Investing 4 Mins Read

Chile’s state-owned copper giant Codelco is seeking approval to restart parts of its flagship El Teniente mine less than a week after a deadly collapse killed six workers and forced a full suspension of operations, according to sources familiar with the matter.

The accident, triggered by a 4.2-magnitude seismic event last Thursday (July 31), halted production at the world’s largest underground copper mine.

Codelco has formally requested Chile’s National Geology and Mining Service (Sernageomin) to allow a partial reopening of the mine, pending approval of safety and technical evaluations, two sources told Reuters.

The cave-in, which was triggered by the earthquake, occurred more than 900 meters underground and initially trapped five miners.

Their bodies were recovered over several days by a rescue team of more than 100 people, including veterans of Chile’s 2010 San José mine rescue. The body of a sixth miner, who was killed at the time of the collapse, was recovered earlier.

“We deeply regret this outcome,” said O’Higgins Region Prosecutor Aquiles Cubillo on Sunday, confirming the final recovery. He offered no additional details on the cause of the collapse, which remains under investigation.

Operations at El Teniente were formally suspended by Sernageomin, Chile’s geology and mining agency, shortly after the incident.

It also instructed Codelco to submit four comprehensive technical reports before any restart can be authorized. The reports must include: an analysis of the collapse’s cause, a recovery plan, an assessment of current fortification systems, and a wider structural evaluation.

While underground mining has stopped, Codelco has maintained limited activity at El Teniente. The company is conducting ongoing maintenance at the processing plant and smelter, including operations at the smelter’s anode furnaces every two hours to keep critical equipment in operable condition.

Codelco said it had responded to three separate information requests from Sernageomin and Chile’s Labor Inspectorate, but added that it could not yet estimate the financial or operational impact of the suspension.

Scrutiny on safety standards

Mining Minister Aurora Williams ordered the temporary cessation of activities at the mine over the weekend. Meanwhile, Energy and Mining Minister Diego Pacheco said on Sunday that Codelco would commission an international audit to understand what went wrong.

“We’re going to commission an international audit to determine what we did wrong,” Pacheco said. While no formal complaints had been received about the safety conditions of the site, he pledged that a full investigation and appropriate corrective measures are underway.

El Teniente, located about 100 kilometers south of Santiago in the Andes mountains, is a cornerstone of Codelco’s operations and Chile’s mining economy.

It produced 356,000 metric tons of copper in 2024, nearly 7 percent of the country’s total output. The mine has operated for over a century and contains a labyrinth of more than 4,500 kilometers (2,800 miles) of tunnels.

The seismic event that triggered the collapse, while relatively mild by global standards. has raised questions about the structural integrity of older sections of the mine and the adequacy of current fortification systems.

A blow to expansion efforts

The accident is a significant setback for Codelco as it seeks to modernize its aging infrastructure and boost production after years of underinvestment.

The collapsed area is believed to be part of the Andesita section of the mine, a relatively small but strategically important component of El Teniente’s broader expansion, which includes the Andes Norte and Diamante projects.

The Andesita development is intended to help offset declines in older zones and maintain output levels through the next decade. Its disruption will likely ripple through Codelco’s project pipeline, which is already under pressure due to rising costs.

Though Chile boasts one of the world’s safest mining sectors – a fatality rate of just 0.02 percent in 2024 – the string of incidents at Codelco sites has drawn concern from unions and regulators alike.

The industry’s worst accident remains the 1945 fire at El Teniente, which killed 355 miners and stands as one of the deadliest mining disasters in history.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
Investing

Pinnacle Closes Oversubscribed Non-Brokered Private Placement

Investing 2 Mins Read

(TheNewswire)

The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Insiders subscribed for an aggregate of 3,108,333 Units for a total of $186,500.  As insiders of Pinnacle participated in the financing, it is deemed to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61- 101’).  Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading