NewsRoom Articles - MiningNewsWire

FridayApr 26, 2024 10:00 am

Experts Explain How Investors Can Leverage Current Gold Prices

A confluence of geopolitical factors has caused gold prices to surge in recent months and made the precious metal an attractive prospect for many investors. With many countries experiencing rising living costs and high interest rates amid an increase in armed conflicts, investors are looking at gold as a means of diversifying their portfolios and protecting them from volatility. Many experts are advising investors to buy now before gold prices get out of control. The precious metal has already experienced a major surge in price that has left original holders with significant gains and will likely see continued upward pressure…

FridayApr 26, 2024 9:45 am

Torr Metals Inc. (TSX.V: TMET) Set to Capitalize on Green Energy’s Rising Demand for Copper

Copper is expected to play an increasingly important role in powering the world’s transition towards net zero technologies The average electric vehicle can contain up to 183lbs of copper, a massive 277% increase relative to internal combustion engine cars The surge in copper demand is expected to drive a necessary increase in supply, requiring an additional 9.7 million metric tons (Mt) production per annum by 2031. With a deficit of 114,000 tonnes projected for 2023, the copper supply is anticipated to remain in deficit by the beginning of the next decade with a forecasted shortfall of 6.5 Mt Torr Metals…

WednesdayApr 24, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines in the Basic Materials Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) has been a standout performer in the Basic Materials sector this year, showcasing a remarkable growth trajectory that has caught the attention of investors and analysts alike. With a year-to-date stock price increase of approximately 51%, MUX has significantly outpaced the average performance of its sector peers, which have seen an average decline of about 2.7%. This impressive growth is not just a number but a testament to the company’s resilience and potential for future gains. The surge in MUX’s stock price is further bolstered by a substantial upward revision in earnings estimates. Over the past quarter, the Zacks…

WednesdayApr 24, 2024 10:30 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Retains Northwest Solutions Inc. to Complete Kenbridge Nickel Project All-Season Access Road

Mineral exploration and mining company Tartisan Nickel Corp. recently engaged Northwest Solutions Inc. (“NWS”) to provide project management and other support for its flagship Kenbridge Nickel Project in Ontario NWS Inc. offers a range of services, including forestry, mining, and environmental services, as well as training, project management support, and communications consulting services Kevin Shorthouse, NWS, has been named Road Design and Road Permitting Project Manager Brandi Shorthouse, NWS, will be the Finance and Communications Manager for the Kenbridge Road Project Greg Edwards (Tartisan), current Project Manager for the Kenbridge Nickel Project, has been named the Company's First Nations Liaison…

WednesdayApr 24, 2024 10:00 am

Goldman Sachs Says Gold Could Reach $2,700

Last week, the price of gold held steady with increasing geopolitical risks continuing to prop its prices up. This is despite the fact that the Fed also signaled a potential delay in a reduction in rates of interest. U.S. gold futures dropped by 0.2% to reach $2,402.50 an ounce in New York while the price of spot gold rose by 0.1% to hit $2,387.12 an ounce. Spot gold’s price is roughly $50 short of its all-time high of $2,400.59 per ounce, which was recorded the previous week. As of two weeks ago, three-month gold futures in the United States were…

MondayApr 22, 2024 10:00 am

Federal Officials Unveil New Rules Regulating Silica Dust Levels in Mines

Earlier this week, federal officials unveiled new rules protecting miners from silica dust, a toxic component that gets trapped in lung tissue causing scarring and inflammation. Silica is found in abundance on earth and is roughly 20 times more toxic than coal dust. It is commonly found in the quartz that surrounds coal seams. This is a growing issue in mines that has left some individuals sick and even caused some individuals to die. Researchers have, for decades now, recommended that exposure to silica dust be limited and regulated so overexposure is avoided. The new rules impose exposure limits applied…

FridayApr 19, 2024 10:30 am

New Rare Earths Resource Estimate Showcases World-Class Project

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) will already be familiar to many readers via a previous full-length feature article [https://ibn.fm/3jlnn]. In that piece, we labeled the previous spectacular drill results from Appia’s PCH Ionic Adsorption Clays Project “a game-changer”. Since that time, Appia has released a maiden mineral resource estimate (“MRE”) for the PCH Project based upon that drilling data. The impressive numbers for this REE deposit fully justify our original assessment. Appia Announces Maiden Rare Earth Mineral Resource Estimate of 6.6 Million Tonnes Indicated Grading 2,513 ppm TREO and 46.2 Million Tonnes Inferred grading 2,888 ppm…

FridayApr 19, 2024 10:00 am

Unconventional Market Factors Cause Gold Market to Rise

A Goldman Sachs report has found that unconventional market factors are increasingly affecting gold prices and causing them to respond differently from traditional trends. The recent report pointed out that nontraditional factors caused gold prices to rise by more than 11% in India, indicating a pattern where emerging rather than conventional factors are influencing the precious metal’s prices. Although this trend has been mostly confined to India, it shows that gold is still susceptible to factors other than known determinants. Gold prices in India have increased by more than 11% in recent weeks, a surge that was particularly notable despite…

FridayApr 19, 2024 9:00 am

Securing a Domestic Supply Chain: Why Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Matters for North America

North America is deeply dependent on foreign nickel, which is a position of weakness for meeting EV and carbon goals Canada has the potential to once again be a dominant player in nickel production thanks to companies like Fathom Nickel The company holds a dominant land position in the prolific Trans Hudson Corridor, controlling over 113,000 hectares of highly prospective property, inclusive of a past producing nickel mine The rise and fall of Canada’s nickel production in recent years highlights a critical issue for North America – dependence on foreign sources of this essential metal. Despite a resurgence in 2023,…

ThursdayApr 18, 2024 10:30 am

The Race is On: Declining Production Pushes for New Gold and Copper Mines, Highlights the Value of Torr Metals Inc. (TSX.V: TMET)

With about 70% of the world’s known gold reserves mined, there is a growing urgency to discover and develop new gold and copper mines Torr Metals searching is searching for the next big gold & copper deposit across its 1,100 km² of 100% owned highway-accessible projects located in some of Canada’s most prolific mining jurisdictions Recent findings at the Kolos Copper-Gold Project defined a previously unknown trend to Cu-Au ± Mo mineralization with multiple potential undrilled porphyry centers stretching over 7 kilometers adjacent to Highway 5 Gold has been treasured for its beauty and value for thousands of years. The…

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