February 2024 - MiningNewsWire

ThursdayFeb 29, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Is ‘One to Watch’

A maiden mineral resource estimate for the Storm Copper Deposit is anticipated to be released in Q1 2024; an expanded drilling program is planned for 2024 to significantly increase the resource, and work is already underway to advance the low capex open pit mining opportunity toward development. In October 2023, the company closed a brokered private placement and a concurrent non-brokered private placement for proceeds of C$2.5 million. In March 2021, the company entered an option agreement that allows American West Metals Limited to earn an 80% interest in Aston Bay’s Storm Copper Project and Seal Zinc Deposit; America West…

WednesdayFeb 28, 2024 12:00 pm

Hecla Registers Near-Record Silver Production in 2023, Expects More Growth

Latest reports from Hecla Mining Company (NYSE: HL) show that the company recorded its second-highest yearly production in its history last year. In total, the mining company produced 14.3 million ounces of silver. Hecla, which is the biggest primary producer of silver in America, had silver reserves totaling 238 million ounces at the end of 2023, its second-biggest reserves ever as well. This is quite a feat, especially if one considers that the company lost five months of production after a fire incident occurred in the Idaho Lucky Friday mine. The Lucky Friday mine resumed operations in January of this…

MondayFeb 26, 2024 10:45 am

Indonesia’s Thermal Coal Exports Soar

Indonesia is set to surpass its 2023 sales after forecasted shipments for January and February 2024 soared by almost 25% in comparison to the same months in 2023. The country, which is the largest exporter of thermal coal globally, is expected to record more than 90 million metric tons of thermal and thermal bituminous coal sales in the first two months of this year. Last year, total exports from Indonesia surpassed 504 million tons. This has many expecting that exports this year will go even higher. The top markets for Indonesian coal thus far include China, the Philippines, South Korea,…

MondayFeb 26, 2024 9:00 am

GEMXX Corp. (GEMZ) Gets Significant Boost for Achieving 2024 Gold, Ammolite Jewelry Goals

Las Vegas-based mine-to-jewelry maker GEMXX Corporation is reporting a 600 percent YOY jump in product delivery values for the month of January The company produces iridescent Ammolite jewelry that it obtains from its own gem mines in Alberta and gold mines in British Columbia, controlling each step in its production chain with no long-term debt GEMXX entered the gold market during the past year, enjoying the precious metal’s stability and record prices amid outside economic fluctuations GEMXX is working to improve its valuation, anticipating S-K 1300 technical reports on four assets will further improve the company’s balance sheet North American…

FridayFeb 23, 2024 11:30 am

Canadian Exploration Companies See Dwindling Investment Despite Optimism for Green-Energy Metals

Data from the Prospectors and Developers Association of Canada (PDAC) has revealed that preproduction companies in Canada are seeing a drop in major investment despite the nation’s demand for green-transition metals. The data shows that while funding for such companies has all but disappeared, battery metals as well as uranium have experienced a surge in funding compared to gold. Last year represented the first time in a decade that the TSX Venture Exchange, where plenty of junior mining exploration companies are listed, didn’t see financing worth more than C$125 million. PDAC policy and program director Jeff Killeen says the exchange…

WednesdayFeb 21, 2024 11:45 am

Reports Say Commodities Have Better Prospects Than Current Reality Suggests

An analysis of January 2024 purchasing managers’ index (PMI) data by Macquarie Group has suggested that industrial commodities may be poised for a period of bullish growth. Macquarie’s analysis indicates that the global industrial cycle may be approaching a turning point after a series of recount lows. The Sydney-based diversified financial solution provider found that new global manufacturing orders saw a 12% month-over-month increase and hit 49.8, contradicting prior expectations of a policy-induced downturn. Purchasing manager index data is a critical indicator of the manufacturing sector’s health. An above-50 PMI indicates expansion in the manufacturing sector while a below-50 score…

WednesdayFeb 21, 2024 9:45 am

GEMXX Corp. (GEMZ) to Capitalize on Growing Trend in India’s Jewelry and Colored Gemstone Markets

GEMXX recently announced insights into the burgeoning jewelry and colored gemstones markets in India The jewelry market in India is expected to grow by US$21.54 billion between 2023 and 2027, while the colored gemstones market is projected to reach $1.9 billion by 2033 from an estimated $707.8 million in 2024 GEMXX, a leading producer of top-quality finished Ammolite, anticipates that this rare gemstone has the potential to attract a significant portion of buyers in India seeking something innovative or distinct from conventional colored gemstones The company is positioned to capitalize on the growing trend in the colored gemstones market, with…

FridayFeb 16, 2024 11:30 am

Startups Hit Jackpot Extracting Gold from e-Waste

E-waste has become a growing concern over the past couple of decades amid the widespread proliferation of mobile phones, laptops, televisions and many other electronic devices. Planned obsolescence by electronics manufacturers has also forced many consumers to replace their gadgets more often and contributed to a flood of old consumer electronics that often end up in landfills. A recent report by Business Insider has revealed that some companies are making tens of thousands of dollars daily from recycling circuit boards from old electronics. The report said small startups are earning up to $85,000 daily by extracting gold from e-waste, cashing…

FridayFeb 16, 2024 10:30 am

Unlocking Opportunities: MiningNews Select Show 2024 Invites Industry Leaders to Sydney

Businesses, suppliers, leaders, and professionals across the mining spectrum are cordially invited to attend MiningNews Select 2024 at the Sydney Masonic Centre on March 18-19, 2024. This premier event offers companies engaged in gold and other mining resources an unparalleled opportunity to leverage the expansive reach, knowledge, and networking prospects it provides. Investors will have the chance to engage directly with mining companies in intimate one-to-one discussions, exploring a plethora of potential investment avenues. With over 400 investor meetings, 40+ influential speakers, and a gathering of 250+ private and institutional investors, the event promises over 15 hours of robust networking…

WednesdayFeb 14, 2024 10:30 am

Proposed EU Emissions Cuts Would End Coal Use by 2040

The European Commission has proposed a significant emissions cut. First recommended by the European Scientific Advisory Board on Climate Change (ESABCC), the target would see European Union nations cut their annual net emissions by a whopping 90% from the 1990 level by 2024. The recently endorsed target compares to the Fit-for-55 package’s 55% emissions target by 2030 and implies the end of coal use. European Commissioner for Energy Kadri Simson says the EU’s executive arm is sending “a clear message to investors” that the regional bloc will stay true to decarbonization efforts and offer stability and predictability long term. Simson…

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Month: February 2024