May 2024 - Page 3 of 4 - MiningNewsWire

WednesdayMay 15, 2024 10:00 am

Three Signs Gold Is a Good Investment

Over the last two years, the economic repercussions of inflation have been felt by Americans at large. Inflation has not only led the Fed to increase rates of interest but also made it harder for everyday Americans to afford daily living costs. This has prompted many investors to seek alternative ways to protect and grow their money. Gold is one of these alternatives, given its use as a store of value and safe-haven asset for centuries now. As of September 2023, investing in gold had surged to a new high, with the metal’s price also reaching new heights. Despite this,…

WednesdayMay 15, 2024 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shows Strong Market Performance in Past 3 Months

Remarkable gain of 62.1% over the last 12 weeks, indicating strong market momentum H.C. Wainwright raised its price target to $15, reflecting a bullish outlook Strong financial health with a current ratio of 1.37 and a low debt ratio of 0.064, showcasing a robust balance sheet McEwen Mining (NYSE: MUX) (TSX: MUX) has been catching the attention of investors and analysts alike, demonstrating a robust performance in the stock market. With a significant uptick in its share price over the last 12 weeks, MUX has shown a remarkable gain of 62.1%. This trend of sustained positive momentum over time is a…

MondayMay 13, 2024 10:30 am

Torr Metals Inc. (TSX.V: TMET) Hits the Bullseye: Uncovers Multiple Untested Copper and Gold Porphyry Targets at the Highway-Accessible Kolos Project

Torr Metals (TSX.V: TMET) is excited about what it is seeing in new preliminary results from its Kolos Copper-Gold Project in British Columbia. Utilizing sophisticated geophysical techniques, the company has identified extensive anomalies stretching from mineralized outcrop at-surface to over 1.5 kilometers in depth, where there is strong potential for sub-surface extensions to copper and gold mineralization. Advanced computer modeling (3D resistivity inversion voxel model) of a recently completed ZTEM geophysical survey pinpointed these fruitful drill targets across Torr's 100% owned, 140-square-kilometer Kolos Copper-Gold Project. Excitement is particularly heightened against the backdrop of a strategic land position, as the Kolos…

MondayMay 13, 2024 10:00 am

Governor Says Largest Drug Cartel Extracting Gold in Colombian Protected Area

Governor Juvenor Diaz of Santander, a department found in the central-northern part of Colombia, has decried the illegal mining activities conducted in his area by the country’s largest criminal gang called the Gulf Clan. This drug cartel also goes by the name EGC, or Gaitanista Army of Colombia. The neoparamilitary outfit came into being after another cartel, the United Self Defense Forces of Colombia, was demobilized. The group’s interest in the Santurban moor in Santander is focused on controlling the illicit gold mining that takes place in the area. Diaz, a politician who retired after serving as a general in…

MondayMay 13, 2024 9:45 am

The Nickel Squeeze: Securing North America’s Clean Energy Future and Fathom Nickel Inc.’s (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Dominant Land Package

Nickel demand is expected to double by 2030, creating a need for North America to ramp-up domestic supply Fathom Nickel explores Saskatchewan's nickel belt, a prolific metal region with untapped potential Drilling at Fathom's Gochager Lake property has identified promising nickel mineralization at depth, while the footprint at Albert Lake has expanded to 90,000+ hectares Nickel is the silent workhorse of the clean energy revolution. Essential for electric vehicle batteries and renewable energy infrastructure, demand for this vital metal is skyrocketing. Plus, let’s not forget the expansive utility of nickel as a base metal integral to the world for centuries…

FridayMay 10, 2024 10:00 am

Gold Rises as Mixed US Economy Signals Leave Investors Divided

The price of gold rose as optimism grew that the U.S. economy could avoid a “hard landing” given the actions of the Fed to rein in inflation. Bucking a trend in which gold has seen losses on a weekly basis since February, this week saw the precious metal gain 1% at the start of the week. The jobs data released in the United States contributed to this bullishness as the statistics indicated that it was unlikely that the country would slide into stagflation, a situation characterized by high inflation coupled with minimal economic growth. Austan Goosbee, president of the Chicago…

WednesdayMay 08, 2024 10:00 am

Near-Record Prices at LME Prompt Chinese Companies to Export 100,000 Tons of Copper

Copper is a heavily traded metal that has different applications in a number of industries. The metal’s producers in China plan to export nearly 100,000 metric tons, their highest volume in more than a decade. Their objective is to cool a rally that has pushed prices toward new highs. Producers in the East Asian country are selling into the rally, driven by a frenzy that saw prices of the red metal on the London Metal Exchange reach $10,208 per metric ton. This figure is about $600 short of its March 2022 high, when copper reached $10,845 a metric ton. Sources…

MondayMay 06, 2024 10:00 am

Porphyry Deposits Throw Triple Winning Punch with Silver, Gold, Copper Deposits

Gold, silver and copper have been performing well recently, with their prices increasing as each day goes by. Investors looking to enrich their portfolios and capitalize on higher metal prices may benefit from injecting money into companies that are developing or exploring porphyries. This is primarily because these deposits house a lot of copper, among other minerals. For instance, the Escondida mine in Chile is the biggest copper mine globally, with 40-year mine life. It is expected that copper, silver and gold motherlodes will bring in huge returns if a commodity super cycle occurs. Motherlodes are principal zones or veins…

FridayMay 03, 2024 10:30 am

Unlocking the Riches: Torr Metals Inc. (TSX.V: TMET) Aims to Test Untapped Copper and Gold Potential in British Columbia and Ontario, Canada

TMET.V has 100% ownership in three highway-accessible gold and copper projects that remain largely untested by drilling, covering 1,000 square kilometers within prolific mining districts of Ontario and British Columbia Exploration projects include the Filion Gold Project with significant gold potential evidenced by historical sampling, the Kolos Copper-Gold Project showing high-grade values in surface sampling coincident with anomalous geophysics extending 1.5 kilometers into the sub-surface, and the Latham Copper-Gold Project featuring multiple promising anomalies and high-grade rock grab samples in addition to a historical copper-gold porphyry deposit Favorable market conditions driven by renewable energy and electric vehicle industries have led…

FridayMay 03, 2024 10:00 am

G7 Agree to End Coal Power Generation by 2035

The Group of Seven Nations (G7) has ramped up its green-energy transition efforts with an expedited timeline that will see its member nations stop the “unabated use” of coal by the year 2035. This represents a significant breakthrough in climate policy after G7 negotiators spent several years unsuccessfully trying to set a common target for eliminating unabated coal use. Shortly after G7 climate, environment and energy ministers held talks in Italy to discuss a common target for the phase-out of coal-fired power plants, the group released a communiqué announcing that it had committed to phasing out the unabated use of…

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Month: May 2024