Mining Stocks Archives - Page 65 of 198

MondayJul 22, 2024 10:00 am

China Releases Plan to Back Coal Plants to Switch to Low-Carbon Operations

China recently issued a plan to encourage the switch to low-carbon operations by coal plants. The country also announced its plans to award preferential loan guidelines to qualified projects and diversify funding channels. The new action plan also incorporates the construction of new infrastructure and improved technologies related to carbon reduction for coal plants. This will ensure the country’s energy security during the transition to green energy. The plan was jointly issued by the National Energy Administration as well as the National Development & Reform Commission. Its main objective is to improve financial support directed at low-carbon reformation projects, which…

FridayJul 19, 2024 10:00 am

World Gold Council Data Shows Gold ETFs Saw Decade-High Outflows in H1 2024

The World Gold Council (WGC) defines gold exchange traded funds (ETFs) as regulated securities that hold gold in physical form. This includes mutual funds, closed-end funds and open-ended funds that trade on regulated exchanges. The organization tracks gold ETFs either by the equivalent value of their holdings in U.S. dollars, or the physical quantity of gold they hold. In addition, the WGC monitors how these assets change through time by examining fund flows and demand. Latest data from the WGC shows that physically backed gold ETFs globally have lost $6.7 billion between Jan. 1 and June 30 of this year.…

ThursdayJul 18, 2024 10:30 am

Nickel Rush Heats Up in Canada: Opening Doors for Companies Like Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) as Canada Eyes a Top Spot Among Global Producers

Nickel demand is expected to grow at a continually accelerating rate over the coming years and decades By 2040, use in batteries will command 41% of total nickel usage, up from just 7% in 2021 Nickel is considered one of the most strategically vulnerable critical metals in North America or the west Like Canada’s Critical Minerals Infrastructure Fund (“CMIF”), the west has been making increasing efforts to encourage critical metal exploration and extraction Fathom is developing two highly prospective projects in Canada’s Trans-Hudson Corridor in Saskatchewan Fathom has received a new drill permit that allows for up to 60 drill…

WednesdayJul 17, 2024 10:00 am

As Mine Costs Skyrocket, Friedland Warns of Looming Copper Crisis

Last week, analysts and miners met in the state of Florida to discuss why the mining industry isn’t getting a lot of attention from investors. The Rule Symposium was held in Boca Raton and ran from July 7–11, 2024; the event was organized by Rick Rule, the founder of Rule Investment Media. In a prerecorded video interview, Robert Friedland of Ivanhoe discussed how copper would likely face a supply shortage in the future. Friedland, who is the executive cochair and founder of Ivanhoe, stated that the world was already experiencing a shortage of copper, adding that despite this, the price…

WednesdayJul 17, 2024 9:45 am

Torr Metals Inc. (TSX.V: TMET): Ontario’s Golden Past Hints at a Glittering Future

Ontario is renowned for world-class mining infrastructure and gold and copper deposits, with the world-class Timmins Gold Camp region hosting $400+ billion in gold resources Torr Metals is developing its 100% owned 261km2 Filion Gold Project, ideally located adjacent to the Trans-Canada Highway 11 and northwest of Timmins, with all requisite mining infrastructure Late last year Torr conducted the first large-scale systematic soil program ever conducted in the project area, with39 of 318 humus samples returning highly anomalous values greater than 10 parts per billion (ppb) gold and13 exceeding 20 ppb Au, reaching a maximum of 1,320 ppb Au The largest…

TuesdayJul 16, 2024 9:45 am

GEMXX Corp. (GEMZ) Plans to Fully Harness Potential of Two Promising Target Basins in Latin America, Bolstered by Recent Strategic Addition to Primary Investment Target’s Board

GEMXX recently announced the addition of Ali S. Abood to the board of its primary investment target, Latin Energy Partners (“LEP”) The company signed in early June a definitive agreement with LEP to drill four test wells in a highly promising geological formation in Latin America GEMXX and LEP are joining forces to fully harness the potential of two target basins estimated to hold more than 1 billion barrels each of recoverable oil The strategic addition of Mr. Abood to LEP’s board aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector…

MondayJul 15, 2024 10:00 am

How Gold Could Be Impacted If US Inflation Drops

We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dropped slightly since then, it’s still more than 20% higher than prices recorded last year. With inflation demonstrating signs of moderating, the price of this precious metal may be affected. High levels of inflation are known to bolster gold’s price, with most investors using the yellow metal as a…

MondayJul 15, 2024 9:00 am

Copper Crunch Looms: Torr Metals Inc. (TSX.V: TMET) Makes Discoveries as Demand Outpaces Supply

The International Energy Agency predicts that existing and planned mines will only meet 80% of global copper needs by 2030 Torr Metals is developing two highly prospective copper-gold projects in Canada, one of the most mining-friendly and infrastructure-rich jurisdictions in the world In June, Torr Metals released the newest exploration data from Kolos in the Quesnel Terrane, a mining district in south-central British Columbia Several active mines operate within the Quesnel Terrane, including the four largest copper producers in Canada, being the Highland Valley, Gibraltar, Copper Mountain, and Mount Milligan mines Copper, a critical metal nicknamed an “economic barometer” due…

FridayJul 12, 2024 10:00 am

The Top 10 Global Gold Extraction Companies

Gold has performed well thus far in the year; its significance as a safe-haven asset growing as supply works to keep up. Data from the World Gold Council shows that during the past four years, global gold production has steadily increased. Below, we look at 10 of the top gold mining companies globally, based on their 2023 output. Newmont Corporation As of Dec. 31, 2023, this Colorado-based gold mining company had produced a total of 5.5 million ounces from its operations, which cover four continents. This figure, while high, represents an 8% drop in output when compared to 2022 data.…

ThursdayJul 11, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Outlines Plans for Fully Funded Exploration Program at Epworth Project

Aston Bay reports on 2024 exploration plans for Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada Property has impressive copper, silver, zinc and cobalt grades at the surface Project includes airborne electromagnetic and magnetic survey, geological and structural mapping, prospecting, and rock and lake sediment sampling With silver and copper projections looking good for this year, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) has announced its 2024 exploration plans for its Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada (https://ibn.fm/CcBjS). Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Canada and the United…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000

Category: Mining Stocks