NewsRoom Articles - Page 158 of 173

FridayDec 04, 2020 12:15 pm

Gold Production in Australia Drops

Despite the global coronavirus pandemic and its effects, the Australian mining sector has pushed on. In this year’s second quarter, April through June, miners in Australia yielded 95 tons of gold. This was a 10% growth from the first quarter output of 77 tons. However, in the third quarter of the year, the output of gold decreased to 81 tons, a four-ton decline from the quarter. The decline was mainly a result of lower output in some of the biggest gold mines in the country. Mining consultant firm Surbiton Associates, which specializes in gold, believes that despite this decline in…

ThursdayDec 03, 2020 10:30 am

EU Launches Initiative to Improve Raw Minerals’ Access

The European Union has set in motion a scheme whose aim is to help secure access to 30 fundamental raw materials. This will be done by promoting the recycling of critical elements, especially rare earth elements (REEs), and by growing domestic production. The collaboration of 300 governments, business associations and firms will help the European Raw Materials Alliance Center (ERMA) reduce Europe’s import dependence from resource-rich nations, particularly China. China is the main exporter for the EU’s rare earth elements, making up 98% of the union’s imports. Other countries that provide imports include Brazil, which provides the European Union with…

ThursdayDec 03, 2020 10:00 am

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Offers Strengths Investors Look For During Uncertain Times

“Gold Investing News” cites project quality, management experience as key factors contributing to succes Project quality is jurisdiction–related with transparent permitting, well-developed infrastructure being critical GOH operates assets in Chile and Canada, led by experienced management team An article published by “Gold Investing News” cites quality projects and strong management teams as major factors determining the success of junior exploration companies as they navigate economic downturns (https://ibn.fm/Attdv). GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF), a Canadian junior mining company, is well equipped with strength in both areas and is poised to capitalize on those strengths as investors seek de-risking in…

ThursdayDec 03, 2020 9:30 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Produces Rare Earth Carbonate Concentrate, a Milestone Moment for US

Energy Fuels has produced rare earth element (“REE”) concentrate on a pilot scale at wholly owned White Mesa Mill. The high-purity concentrate is ready to send to separation plant for final acceptance test work. Company used existing infrastructure and technologies, thereby avoiding years of permitting and development, as well as need for significant capital. Energy Fuels (NYSE American: UUUU) (TSX: EFR) has produced a rare earth element (“REE”) carbonate concentrate on a pilot scale at its wholly owned White Mesa Mill, located in Utah (https://ibn.fm/WImVU). This may be the first REE concentrate produced from monazite sands at any significant quantity…

WednesdayDec 02, 2020 10:00 am

Collaboration May Help Mining Firms Reap Benefits of Digitization

The mining industry as a whole has made great strides with regard to digitizing various mining site operations and processes. This offers mining firms many benefits, including the reduction of operation costs of the mine. These measures also optimize a mine’s major assets, allowing the goals and objectives of a mine to be predicted and monitored easily. This progress also allows mines to keep track of their operating assets, ensuring that they remain undamaged. Digitization also allows mine operators to redistribute the water used in one process. This helps minimize effluent discharge volumes as well as the mine’s water intake.…

TuesdayDec 01, 2020 3:05 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Leverages Key Strengths Essential in Today’s Mining Sector

David Elliott, industry veteran and member of Canadian Mining Hall of Fame, cites right people, right science as key factors to mining success Elliott finds certain jurisdictions, including Canada and South America, compelling mining locations Led by industry-seasoned professionals and operating in Canada and Chile, GoldHaven Resources appears well positioned to respond to mining investors' demands During an interview at the recent Global Mining Symposium, David Elliott, a new member of the premier Canadian Mining Hall of Fame, noted that the right people and the right science are critical elements that investors look at when determining which mining companies to…

TuesdayDec 01, 2020 11:09 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q3 Financial Results, Corporate Highlights

Financial report notes working capital of $44.7 million at end of Q3 2020, increase of 17% over Q2 2020 Key quarter highlights include becoming debt-free, progress on rare earth elements (“REEs”) CEO reports company making “significant strides in the last quarter on our uranium, rare earths and other initiatives” Energy Fuels (NYSE American: UUUU) (TSX: EFR) has released its financial results for the quarter ended Sept. 30, 2020, as well as a corporate update (https://ibn.fm/dZn68). In addition to being debt free, the report noted that the company had working capital of $44.7 million at the end of Q3 2020, which is an increase of 17%…

TuesdayDec 01, 2020 10:30 am

Vaccine Breakthrough Prompts Uptick in Copper Prices

The price of copper increased last week, reaching a new record after breakthrough reports on the coronavirus vaccine from Moderna and Pfizer. The copper price for delivery (December) on the Comex market increased by 3.1% to $7,176 per ton. If copper closes at any price higher than $3.30, it would mark the highest level since January 2014. On the London Metal Exchange, the price of this valuable metal increased to $7,207.50 per ton, roughly a 1.6% surge, the greatest amount since 2018 (June). The vaccine is said to be 95% effective. BioNTech SE and Pfizer are planning on filing for…

MondayNov 30, 2020 3:47 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Focused on Readily Developable Copper-Gold Project as Demand Rises

Demand for copper is rising; deficit forecast in coming years Copper deficit heightens need for projects that can produce the high-demand metal Feasibility study concluded that Josemaria’s average annual metal production of 136,000 tonnes of copper (“Cu”), 231,000 ounces of gold (“AU”), 1,164, 000 ounces of silver (“Ag”) Strategic plan demonstrates commercial production at project could be achieved by early 2026 The looming copper deficit will likely worsen in the coming years, according to an S&P Global Market Intelligence report (https://ibn.fm/OSonS). That news is capturing the attention of companies such as Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural…

MondayNov 30, 2020 10:00 am

Problems Facing the Mining Industry Today

We’ve seen the world change in many ways during these past few months, affecting different sectors globally and wreaking havoc on the economies of different countries. The mining industry has not been spared from change, with various issues plaguing the industry. Today we look at some of the biggest issues that this industry needs to overcome, in addition to what can be incorporated into the industry to gain a competitive advantage. The changing expectations of people and society, which influences a shift in opinions, is among the challenges facing the mining industry presently. The gap between the mining industry’s performance…

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