NewsRoom Articles - Page 108 of 210

ThursdayAug 17, 2023 2:25 pm

Gold, Copper Down as US CPI Data Is Released

Recent data from the Consumer Price Index (CPI) has reduced investor interest in gold and copper, causing prices for the two metals to falter amid mixed cues about inflation in the United States. Prices for the precious metal steadied last week after a month of relative lows while copper prices went down partly thanks to growing concerns over reduced imports by China, arguably the largest copper consumer on the globe. CPI data showed that consumer inflation levels in the U.S. went up from June to July and were well over the U.S. Federal Reserve’s annual inflation target range. The data…

ThursdayAug 17, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’

Prospera’s holdings include significant remaining reserves totaling an estimated half a billion barrels of oil across more than 42,000 acres in Saskatchewan and Alberta Following a top-down reorganization in 2021, the company is poised to rapidly expand its production in the coming months while implementing key ESG initiatives to reduce the environmental footprint of its operations Prospera is exploring a potential acquisition opportunity that could see its production capacity expanding beyond 5,000 barrels per day The company is led by a team with extensive, diverse petroleum industry experience and a proven track record of reorganizing organizations, structuring financing arrangements and…

WednesdayAug 16, 2023 3:37 pm

Rising Costs Cause Newcrest Profits to Drop 11%

Australian mining giant Newcrest Mining Ltd has posted an almost 11% drop in yearly profits due to increased operating costs and lower copper prices. Newcrest Mining said that it recorded a $778 million underlying profit for the financial year ended June 30, 2023, more than the projected profit of $689.7 million but less than the $872 the gold miner posted last year. In mid-July, CFRA Research estimated that copper prices fell by 11% to $3.85 per pound in July 2022 to July 2023 and predicted that copper miners would post a fall in their profits. Sprot Asset Management analyst Steve…

TuesdayAug 15, 2023 3:05 pm

Five Myths That Shouldn’t Keep You from Investing in Gold IRAs

A gold IRA is a type of retirement account that allows investors to hold gold coins rather than traditional stocks and bonds as investments. For investors looking for a longer-term, gold-related investment option, gold IRAs present an attractive alternative to physical gold and gold stocks. Gold IRAs can hold gold through indirect investments such as gold mutual funds and gold EFTs or directly through physical gold coins and bullion. Although they present significant benefits to investors, including portfolio diversification and protection against inflation as well as geopolitical and economic uncertainty, several misconceptions may dissuade you from considering a gold IRA.…

TuesdayAug 15, 2023 9:45 am

GEMXX Corp. (GEMZ) Expanding Brand Awareness As It Strengthens Mine Project Financing

GEMXX Corporation, a U.S. corporation with mines in Canada, is a mine-to-jewelry production innovator, drawing on its mining assets for the gold and gems it uses in colorful jewelry GEMXX recently engaged the marketing and brand expertise of Hybrid Financial Ltd. as the company seeks to expand awareness of its novel operations in gold and rare gem Ammolite GEMXX similarly is working with InvestorBrandNetwork (“IBN”) to expand awareness of the company through IBN’s syndication outlets, wire services and other corporate communication efforts The company is preparing to perform National Instrument 43-101 and S-K 1300-compliant Resource Reports on two of its…

TuesdayAug 15, 2023 9:00 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) May Become Vital Cog in Tin’s Tenuous Supply Chain

Tin has become an increasingly important commodity within the renewable energy supply chain Nonetheless, supply of the commodity is heavily concentrated, with over 60% of global supply accounted for by only three nations The metal’s tenuous supply picture was most recently on display in early August when militia officials in Myanmar – the third largest global tin producer – unilaterally shut down many of the country’s tine mines Eloro Resources’ Iska Iska deposit may emerge as one of the most significant contributors to global tin supply in the coming years, with the company set to publish their inaugural NI 43-101…

MondayAug 14, 2023 3:15 pm

Coal Plant Approvals in China Exceed 50 GW in 2023, Reports Greenpeace

Most countries have pledged to phase dirty fuels such as coal out of their energy mixes over the next couple of decades as part of global efforts to reduce carbon emissions and combat climate change. However, experts are worried that China’s recent return to coal may harm global climate change goals in the long term. A recent report by Greenpeace has revealed that the Eastern Asian nation has approved the production of more than 50 gigawatts of new coal power in the first half of the year, a clear indicator that China doesn’t plan to ditch coal-generated energy any time…

MondayAug 14, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Moving to Become the Leading Metal Separation Products and Services Provider, One Investment at a Time

Ucore recently announced the closing of the first tranche of its previously announced private placement offering of units of the company On June 6, the company announced that the U.S. DOD had awarded it a $4 million project grant Together, these moves bolster Ucore’s working capital and continue to stamp its position as a leader in its space Through its investments, Ucore is inching closer to taking over the global rare earth elements market, which is expected to hit $5.6 billion by 2025 Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and…

MondayAug 14, 2023 9:45 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Unique Strategy Ideally Suited for Growing Tellurium Sector

Recent report projects estimated growth of tellurium market at CAGR of 3.41% between 2022 and 2027 Growth is tied to increased demand from the consumer electronics industry Company’s unique approach offers significant advantages over larger mines With recent market projections showing steady growth in the tellurium market (https://ibn.fm/11Lg4), First Tellurium’s (CSE: FTEL) (OTCQB: FSTTF) small-mine, phased-approach strategy is sure to strengthen the company’s position in the growing space. “The tellurium market is estimated to grow at a CAGR of 3.41% between 2022 and 2027,” a 2023 Technavio analysis study reported. “The size of the market is forecast to increase by 83.72 MT.” The report…

FridayAug 11, 2023 3:12 pm

WGC Official Discusses Gold’s Price Drivers

The World Gold Council’s market strategist and head of Americas Joe Cavatoni recently discussed the primary drivers of gold prices in the podcast “What Goes Up.” Gold typically sees increased demand during times of political and economic upheaval as investors try to preserve the value of their assets while fiat currencies such as the dollar depreciate. However, gold prices have trended lower than usual in recent years despite the occurrence of significant economic and political upheavals that would have traditionally pushed gold prices up. Prices spiked toward the end of 2022 and early 2023 as central banks around the world,…

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