NewsRoom Articles - MiningNewsWire

FridayJun 13, 2025 10:00 am

Dwindling LME Copper Supplies Trigger Uptick in Contract Prices

Falling stocks in warehouses registered to the London Metal Exchange have raised concerns about the dwindling supply of copper. This has in turn caused the premium for nearby contracts against longer-dated contracts to increase. While copper for immediate delivery was cheaper than contracts with longer maturities about a month ago, the situation shifted, with short-term contracts becoming more expensive. This change may be attributed to the COMEX offering better prices, which prompts more traders to send their copper to the U.S. instead of London. At the moment, copper for immediate delivery on the London Metals Exchange (LME) costs $75 more…

ThursdayJun 12, 2025 10:00 am

Gold Holds Steady as Dedollarization Picks Pace

The price of gold remained unchanged as the week began, after it experienced a brief drop below $3300 an ounce in the last few days. Similarly, the precious metal’s price in euros and pounds dropped slightly to €2902 and £2443 per ounce, respectively. With immigration raids progressing across the country and concerns about America’s budget deficit growing, traders and investors are awaiting results from this week’s scheduled auction of Treasury bonds to get a feel of the market’s demand for America’s debt. UBS Head of G10 FX strategy, Shahab Jalinoos, explains that the dollar may weaken even as bond yields…

WednesdayJun 11, 2025 11:15 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) to Use Net Cash from Geddes Solar Power Project for Bitcoin Purchases

The company’s 3.79 MW Geddes facility is expected to begin generating revenue in June 2025. The initiative marks one of the first integrations of renewable energy and Bitcoin treasury management. Management will determine Bitcoin allocation based on market conditions and operational cash flow. The Geddes site, built on a closed landfill, reflects SolarBank’s dual focus on clean energy and land repurposing. This move could be extended to other solar and battery energy storage projects across the company’s 1+ GW pipeline. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of…

TuesdayJun 10, 2025 10:30 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Moves to Integrate Bitcoin as Strategic Reserve Asset

The company has filed to open an account with Coinbase Prime to manage custody and transactions securely. This move follows similar strategies from MicroStrategy and SharpLink Gaming, blending clean energy with digital asset exposure. Bitcoin holdings are intended to hedge against inflation and diversify SolarBank’s treasury operations. The company maintains a core focus on solar and battery energy storage. Management has not yet purchased Bitcoin; allocations will depend on market conditions and corporate liquidity needs. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects,…

TuesdayJun 10, 2025 10:00 am

Texas Governor Signs Bills Promoting Oil and Gas, Bolstering Economic Growth

This past week saw Governor Greg Abbott of Texas enact measures that would promote economic growth and support the natural gas and oil industry in the state. Giving a statement at his office, Abbott asserted that this was a critical moment for the future of the state as well as the Permian Basin. The Permian Basin is a sedimentary basin known to hold vast oil and natural gas reserves. It is located in west Texas and the southeastern region of New Mexico. This basin has over 7,000 fields and spans over 86,000 square miles. It makes up almost 15% of…

FridayJun 06, 2025 12:45 pm

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Stands Out in Booming Gold Market, Offers Strategic Investment Avenue

The gold market’s current dynamics underscore the metal’s enduring appeal Lahontan Gold boasts a portfolio of four gold and silver projects located in Nevada’s prolific Walker Lane LGCXF’s management team comprises seasoned professionals with extensive experience in mineral exploration, project development and corporate finance LGCXF recently named as “one of the best gold developers in Nevada” In an era marked by economic volatility and geopolitical tensions, gold has reasserted itself as a premier safe-haven asset. Gold prices have soared to unprecedented levels, surpassing $3,400 per ounce, driven by factors such as trade disputes, inflationary pressures and global uncertainty (https://ibn.fm/1Z7sV). This bullish…

FridayJun 06, 2025 11:15 am

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Tests Potential for Streamlining Tailings Process, Offering Important Cost and Environment Benefits

ESGold is a gold and silver company preparing for production later this year at a tailings reclamation site in Quebec abandoned by the previous operator The gold and silver resource developer expects to concentrate on reprocessing the tailings for the near-term to extract mica and any remaining gold and silver, anticipating that the resulting mica concentrate will be useful in a wide variety of building and roadwork materials ESGold plans to build revenue through the reuse project, which can then help fund planned exploration at its Quebec property covering 13,116 hectares (about 32,410 acres) The company is currently conducting testing…

FridayJun 06, 2025 10:00 am

Gold Edges Up as the Dollar Weakens and Trade Tensions Rise

The start of the week saw the price of gold increase by over 2% as economic uncertainty, geopolitical tensions and a weakening dollar continue to fuel the demand for safe-haven assets. The precious metal’s appeal has been amplified by global events that are keeping investors wary of riskier assets. Gold is often seen as a store of value during periods of instability, a trend that’s been clearly evident these last few weeks. Periods of geopolitical tension, coupled with a low-interest rate environment, have historically been favorable for gold’s performance. As such, this current climate is proving beneficial to the yellow…

ThursdayJun 05, 2025 10:00 am

The Ultra-Wealthy Are Opting for Singapore for Safe Storage of Their Gold

Singapore has increasingly become a top destination for those wishing to safely store their gold as geopolitical and economic uncertainty continues to bolster interest in the precious metal. One facility has, in particular, caught the attention of the uber-wealthy. The Reserve, as it is referred to, is a secure vaulting facility located just a few kilometers from the Singapore Changi Airport. The facility has many private vaults as well as thousands of safe deposit boxes and is fortified by tight security. It is estimated that its precious metals repository holds gold and silver bars valued at about $1.5 billion. Gregor…

ThursdayJun 05, 2025 9:00 am

Silvercorp Metals Inc. (NYSE American: SVM) (TSX: SVM) Is ‘One to Watch’

Fiscal 2025 marked record revenues of nearly $299 million, with silver production of 6.9 million ounces and 11% year-over-year growth in silver equivalent output. The company maintains industry-leading margins with an all-in sustaining cost of $12.12 per ounce of silver over the last 12 months, reinforcing its position as a low-cost producer. The company maintains a strong balance sheet with over $369 million in cash and a strategic equity portfolio, ensuring financial flexibility for future growth. The company launched construction of its fully funded El Domo copper-gold mine in 2025, with production expected by the end of 2026. Silvercorp has…

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