{"id":2336666,"date":"2024-09-04T14:21:01","date_gmt":"2024-09-04T18:21:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/understanding-two-aspects-of-mining-money\/"},"modified":"2024-09-04T14:33:50","modified_gmt":"2024-09-04T18:33:50","slug":"understanding-two-aspects-of-mining-money","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/understanding-two-aspects-of-mining-money\/","title":{"rendered":"Understanding Two Aspects of Mining Money"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Funderstanding-two-aspects-of-mining-money%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2336666&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Junior mining companies often <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/only-34-of-voters-believe-biden-would-make-it-to-end-of-a-second-term\/\" title=\"Just 34% of voters think Biden would complete a second term.\">face\u200b significant challenges<\/a> in securing adequate financing, as\u200d they typically lack reliable revenue streams despite incurring ongoing operational costs.\u200b To address these \u200bfinancial hurdles, many have turned to alternative\u2062 financing strategies such as royalty and streaming arrangements.<\/p>\n<p>**Royalty Arrangements**: These \u2062agreements involve upfront capital payments from an investor in exchange for a percentage of the revenue generated from\u200c the production of mined resources. While they can provide \u2063much-needed funds, they also represent a long-term\u200b claim on future earnings, potentially lasting \u2063for the life of\u200d the mine. Investors should \u200bremain aware of any financial obligations tied to\u2063 such \u200barrangements.<\/p>\n<p>**Streaming Arrangements**: Unlike royalties,\u200d streaming involves \u2063forward purchase agreements where the investor pays upfront for a portion\u2062 of the mine&#8217;s output, typically at a discounted \u2062rate. This often pertains to by-products rather \u2063than primary resources. While these arrangements\u2064 can aid junior miners in raising funds,\u2064 they too come with risks, especially if the mining\u2064 operations\u200c don&#8217;t materialize successfully.<\/p>\n<p>Although both financing methods can alleviate cash flow strains\u2062 and allow for exploration activities, they do not completely eliminate operational risks. If a mine fails to reach production, it poses significant\u2064 existential risks for\u2063 junior miners, necessitating thorough due\u2062 diligence\u2062 by investors considering these opportunities.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> <script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><script>console.log(\"ad slot (REP_2)\")<\/script><\/p>\n<p><em>Disclosure: Some of the links below may contain affiliate links at no additional cost to you and may earn Liftable Media a commission on purchases. By making purchases through these links, you&rsquo;ll be helping to support The Western Journal.<\/em><\/p>\n<p>Probably the biggest challenge for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canadas-budget-measures-brighten-funding-prospects-for-critical-miners\/\" title=\"Canada\u2019s budget measures brighten funding prospects for critical miners\">junior mining companies<\/a> is no secret to anybody &hellip;<\/p>\n<p>Cash.<\/p>\n<p>Like we <a href=\"https:\/\/miningstock.com\/understanding-the-junior-mining-industry\/\" target=\"_blank\" rel=\"noopener\">mentioned before<\/a>, juniors tend to be money sponges. They <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-poll-gives-kamala-harris-a-painful-reality-check-as-her-campaign-gets-underway\/\" title=\"New Poll Gives Kamala Harris a Painful Reality Check as Her Campaign Gets Underway\">generally don&#038;rsquo<\/a>;t have a revenue stream that they can rely on to carry out their exploration. On the other hand, they still have costs they need to cover.<\/p>\n<p>Add to that challenge, the fact that they&rsquo;re in an inherently risky business &mdash; one where volatile price swings and underperforming drill results can put a major crimp on their <a href=\"https:\/\/www.westernjournal.com\/biden-blocks-us-mining-project-pay-attention-signed-week\/\" target=\"_blank\" rel=\"noopener\">mining<\/a> efforts.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>Every attempt, every round of <a href=\"https:\/\/www.westernjournal.com\/war-gas-biden-dramatically-increases-oil-drilling-costs-heartless-move\/\" target=\"_blank\" rel=\"noopener\">drilling<\/a> puts a drain on their capital resources.<\/p>\n<p>But nevertheless, they&rsquo;re critical to the <a href=\"https:\/\/www.westernjournal.com\/zg-why-bitcoin-mining-is-terrible-for-the-environment\/\" target=\"_blank\" rel=\"noopener\">mining<\/a> industry at large because they are responsible for uncovering the deposits that eventually will go into powering our world.<\/p>\n<p>Many have turned to what you might call &ldquo;creative&rdquo; financing.<\/p>\n<p>Here are two related arrangements that investors in junior miners should know about.<\/p>\n<h3><strong>No.1: Royalty Arrangements<\/strong><\/h3>\n<p>Royalty arrangements <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-nevada-a-corrupt-cash-for-votes-scheme-is-hiding-in-plain-sight\/\" title=\"In Nevada, A Corrupt Cash-For-Votes Scheme Is Hiding In Plain Sight\">aren&#038;rsquo<\/a>;t new. In fact they go back to nearly medieval times.<\/p>\n<p>Originally they were basically payments of some percentage of production in exchange for the right to work a landholder&rsquo;s parcel of land. Today, however, that concept has been somewhat modified to allow for a two-way flow of cash.<\/p>\n<p>Today&rsquo;s royalty agreements, especially in the mining industry, include an <a href=\"https:\/\/www.lexology.com\/library\/detail.aspx?g=74a1c442-2a71-4d84-8f0b-2a01c1b1bad6\" target=\"_blank\" rel=\"noopener\">upfront infusion of capital<\/a> by the party who owns the resource &mdash; basically a payment to the company who&rsquo;s doing mining. In exchange for the upfront payment, they get a percentage of the proceeds earned from the sale of the mined ore.<\/p>\n<p>According to <a href=\"https:\/\/www.mckinsey.com\/industries\/metals-and-mining\/our-insights\/streaming-and-royalties-in-mining-let-the-music-play-on\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a>:<\/p>\n<blockquote>\n<p><em>Royalty deals are normally commodity agnostic and based on overall project revenues; the royalty company never actually &ldquo;sees&rdquo; the commodities that the mine produces, but rather just receives a  of the revenue generated (the royalty).<\/em><\/p>\n<\/blockquote>\n<p>A related form of alternative financing is known as &hellip;<\/p>\n<h3><strong>No.2: Streaming Arrangements<\/strong><\/h3>\n<p>Streaming arrangements are a fairly new financing mechanism designed to bolster what was perceived to be an undervalued asset. As <a href=\"https:\/\/www.mckinsey.com\/industries\/metals-and-mining\/our-insights\/streaming-and-royalties-in-mining-let-the-music-play-on\" target=\"_blank\" rel=\"noopener\">McKinsey explained<\/a>:<\/p>\n<blockquote>\n<p><em>The arrival of the <a href=\"https:\/\/www.westernjournal.com\/investors-silver-lining\/\" target=\"_blank\" rel=\"noopener\">precious-metals<\/a> streaming business model is often attributed to Wheaton River: while seeking to raise funds in 2004 to expand its core business of gold mining, the company conceived the idea of streaming silver by-product from the San Dimas gold mine in Mexico to a new subsidiary company, Silver Wheaton. In the world&rsquo;s first streaming agreement, Silver Wheaton purchased yet-to-be-produced silver from Wheaton River&rsquo;s operations in Mexico in return for an up-front payment and additional payments on delivery of the silver.<\/em><\/p>\n<\/blockquote>\n<p>These arrangements also involve upfront payments to a mining company.<\/p>\n<p>But differing from royalty arrangements, these aren&rsquo;t &ldquo;<a href=\"https:\/\/www.mckinsey.com\/industries\/metals-and-mining\/our-insights\/alternative-financing-in-mining\" target=\"_blank\" rel=\"noopener\">commodity agnostic<\/a>.&rdquo;<\/p>\n<p>Streaming arrangements typically i<a href=\"https:\/\/www.mckinsey.com\/industries\/metals-and-mining\/our-insights\/streaming-and-royalties-in-mining-let-the-music-play-on\" target=\"_blank\" rel=\"noopener\">nvolve transfer of an actual product being mined<\/a> &mdash; it&rsquo;s a forward purchase agreement at a discounted price. And often they don&rsquo;t involve the main ore being mined but rather some by-product of that ore (like silver that gets processed while mining for <a href=\"https:\/\/www.westernjournal.com\/bidens-ev-push-runs-headlong-harsh-reality-copper-doesnt-just-grow-trees\/\" target=\"_blank\" rel=\"noopener\">copper<\/a>).<\/p>\n<h3><strong>What Should Investors Know?<\/strong><\/h3>\n<p>Both of these alternative financing strategies can be a boon for junior miners. Ones that offer significant advantages over more traditional methods of capital raising like issuing debt or equity.<\/p>\n<p>But there are a couple issues that investors need to be aware of all the same.<\/p>\n<p>While royalty and streaming arrangements can be helpful for a junior miner looking for more creative means of financing, they also represent a claim on future earnings for a company. And they can run as long as the life of the mine. So while they can <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/j-d-vance-and-the-american-dream\/\" title=\"J.D. Vance and the American Dream\">make life easier<\/a> for the junior, investors should be aware of what, if any monies or assets, might be owed and for how long.<\/p>\n<p>And while they do fund exploration efforts, they also don&rsquo;t eliminate operational risk from the junior&rsquo;s plate. Should an investment company buy a royalty on an asset that never materializes, they simply book the loss and move on to the next opportunity.<\/p>\n<p>On the other hand, if a mine never goes into production, it could be an existential threat where the junior miner is concerned.<\/p>\n<p>Just another thing mining industry investors need to keep on their radar when doing their due diligence on prospective opportunities &hellip;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<p>   <script>console.log(\"ad slot (BA1)\")<\/script> <\/p>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read more&#8230;<\/p>\n<p>console.log(&#8220;ad slot (IC1)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (IC2)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (IC3)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (IC4)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (REP_0)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (REP_1)&#8221;);<br \/>\nconsole.log(&#8220;ad slot (REP_2)&#8221;);<\/p>\n<p>Disclosure: Some of the links below may include affiliate links that do not incur any extra cost to you, and they may generate a commission for Liftable Media on purchases. By using these links for your purchases, you will be supporting The Western Journal.<\/p>\n<p>One of the most significant challenges faced by junior mining companies is well-known: cash flow. As previously mentioned, junior miners often act as financial drains since they typically lack a reliable revenue stream to fund their exploration activities while still needing to cover various expenses. Compounding this issue is the inherent riskiness of their business, where fluctuating prices and disappointing drilling results can severely impact their operations.<\/p>\n<p>Each drilling attempt consumes capital resources. However, junior miners play a vital role in the broader mining industry by discovering deposits that will eventually contribute to global energy needs.<\/p>\n<p>Many have resorted to what could be termed &#8220;creative&#8221; financing methods. Here are two key arrangements investors in junior mining companies should understand:<\/p>\n<p>1. **Royalty Arrangements**: These agreements are not new; they date back centuries when landholders received payments based on production percentages from those working their land. Today\u2019s royalty agreements have evolved into arrangements where an upfront capital investment is made by the resource owner in exchange for a share of revenues from mined ore sales. According to McKinsey, these deals are generally commodity-neutral and depend on overall project revenues; royalty companies receive a portion of generated revenue without directly handling the commodities produced.<\/p>\n<p>2. **Streaming Arrangements**: This relatively recent financing method aims at enhancing perceived undervalued assets. McKinsey notes that Wheaton River pioneered this model in 2004 when it sought funds for gold mining expansion by creating Silver Wheaton\u2014a subsidiary focused on streaming silver as a by-product from its San Dimas mine in Mexico through an initial payment followed by additional payments upon delivery of silver yet to be produced.<\/p>\n<p>Unlike royalties, streaming arrangements involve actual product transfers\u2014essentially forward purchase agreements at discounted rates\u2014often concerning by-products rather than primary ores being mined.<\/p>\n<p>**What Should Investors Know?** Both financing strategies can significantly benefit junior miners compared to traditional funding methods like debt or equity issuance but come with caveats for investors as well. While these arrangements provide necessary funding for exploration efforts, they also represent claims against future earnings which can last throughout the mine&#8217;s operational life span. Investors should remain aware of potential financial obligations tied to such agreements and recognize that while they facilitate exploration funding, operational risks persist for juniors if projects fail or do not materialize into production\u2014a situation that could jeopardize their existence unlike investment firms which simply move on after booking losses from unproductive royalties.<\/p>\n<p>This highlights another aspect investors need to consider during due diligence when evaluating potential opportunities within the mining sector<\/p>\n","protected":false},"author":1,"featured_media":2336667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/09\/Mining.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[13123,10680,9177,15374,16650],"class_list":["post-2336666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economics","tag-finance","tag-investment","tag-mining","tag-resources"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/09\/Mining.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2336666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2336666"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2336666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2336667"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2336666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2336666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2336666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}