NewsRoom Articles - Page 23 of 187

ThursdayJul 10, 2025 9:00 am

Baker Hughes Report Shows Decline in US Oil, Gas Rigs

A recent report released by Baker Hughes shows that energy companies in the U.S. continue to reduce the numbers of natural gas and oil rigs in operation, signalling a continued slowdown in drilling activity. This past week, the natural gas and oil rig count fell to 539, its lowest number since 2021. Natural gas rigs saw their numbers drop to 108 while 7 oil rigs were shut down, bringing their total to 425. This marks a total decline of 46 rigs, which represents an 8% dip as compared to the same period in 2024. The rig count is an early…

ThursdayJul 10, 2025 9:00 am

New ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) CEO Discusses Background, Outlines Direct Revenue Building Strategy, Offers Forecast for Gold Market

Vancouver-based ESGold recently announced a leadership transition, as new CEO Gordon Robb comes aboard and former CEO Paul Mastantuono moves into COO position The new CEO talked about how the company’s near-term cash flow strategy, moving right to production from processing historic tailings, funding future exploration, is a more attractive opportunity to a risk-off investor market ESGold expects to begin mill circuit production on a tailings cleanup project later this year at an abandoned mine in Quebec The company holds 265 mining claims on the historic Montauban mine site and expects the tailings cleanup to both improve the environment and…

TuesdayJul 08, 2025 10:00 am

The West is Staring at a Looming Crisis in Metals Smelting

In recent years, China has imposed some restrictions on the export of rare earth metals like yttrium, samarium, lutetium, gadolinium, dysprosium, terbium, and scandium. The East Asian country has also become a global leader in base metals smelting, particularly for copper, steel, and aluminum. While technically impressive, China’s rapid smelting expansion has flooded the global market, driving down processing fees and profits and pushing many Western smelters to the brink. Chinese smelters recently entered a copper supply deal with Antofagasta that included zero conversion fees, an unprecedented move that shows smelters are now paying miners for ore, eliminating their primary…

MondayJul 07, 2025 12:30 pm

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) Positioned to Supply Critical Global Silver Demand from Bolivia Assets

New Pacific Metals owns two of the largest undeveloped open-pit silver projects globally, both located in Bolivia. Its flagship Silver Sand project is projected to produce 12 million ounces of silver annually at low all-in sustaining costs. The Carangas project could add 6.6 million ounces of silver annually, with over 1 million ounces of gold potential at depth. New Pacific is working through Bolivia’s permitting process to unlock the upside potential of its high-quality, large-scale projects. Global silver demand, particularly for industrial and renewable energy applications, adds urgency to project development. New Pacific Metals (NYSE American: NEWP) (TSX: NUAG), a…

MondayJul 07, 2025 11:05 am

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Drives Metallurgical Testing to Unlock Santa Fe Value

Lahontan has commenced column leach testing at Santa Fe, targeting more efficient cyanide leach gold recovery in the mixed oxide-sulfide transition zone The Santa Fe project serves as the backbone of Lahontan’s development strategy Beyond metallurgical testing, Lahontan is preparing for an expanded 2025 drilling campaign to resource growth and project optimization Lahontan (TSX.V: LG) (OTCQB: LGCXF) is accelerating its mission to develop top-tier gold and silver assets in Nevada’s renowned Walker Lane, with a renewed focus on advancing the Santa Fe project toward production. In its latest strategic move to accomplish that mission, the company has initiated in-depth metallurgical testing…

MondayJul 07, 2025 10:00 am

Gold Completes its Best Six Months Since 2007

The price of gold bounced back at the start of the week, beginning the month with 25.7% in gains thus far into the year. Spot gold saw its price rise to $3281 an ounce, with experts arguing that the precious metal’s performance these past 6 months may be its best since the global financial crisis hit in 2007. Meanwhile, the dollar saw its value drop to new lows on the currency market amid growing concerns over President Trump’s economic and geopolitical policies. The Dollar Index dropped by 0.4%, hitting its lowest level since 2022. Over the last 6 months, the…

ThursdayJul 03, 2025 10:30 am

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Builds Funding in Ramp-up to Production on Strategic Mine Tailings Cleanup, and Reuse Project

ESGold is celebrating the successful close of a private placement funding effort that will generate important financing for the company’s planned launch of a mine tailings cleanup and reclamation project later this year The financing drive was oversubscribed by more than 11%, which ESGold executives hail as evidence that investors like the company’s strategy for generating revenue The company holds 265 mining claims on the historic Montauban mine site in Quebec, covering 13,116 hectares (about 32,410 acres) of gold and silver exploration ESGold expects to begin mill circuit production on the tailings cleanup later this year Mica recovered in the…

ThursdayJul 03, 2025 10:00 am

Copper’s Climb Due to Tariffs is Unable to Lift Other Metals’ Prices

Latest figures from the London Metal Exchange show that copper is closing out the first half of this year with 12% gains. U.S. copper contracts on the CME are trading at $1,200 per metric ton, recording price increases as LME stocks continue to fall while more physical copper is redirected to America. This comes as the tariff trade continues to be volatile, months after President Trump introduced his Liberation Day tariffs. Changes are expected once the Trump administration makes the decision on whether to impose import tariffs. The tin market in London has also experienced some volatility thus far this…

ThursdayJul 03, 2025 9:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Continues to Target Data Center Boom with Renewable Energy Focus Amid Soaring AI Power Demands

The company announced its expansion into the $395 billion global data center market as a developer, owner, and strategic partner. The move underscores SolarBank’s commitment to integrating renewable energy in diverse, emerging sectors. AI data centers are projected to need 30 times more power by 2035, creating a critical opportunity for clean energy solutions. The company joins tech giants and specialized data center providers focused on sustainability and resilience in digital infrastructure. 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, specializing in distributed…

WednesdayJul 02, 2025 11:15 am

Podcast Interview Shines Light on ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Strategy for Financing Gold Discovery Through ESG Revenues

ESGold CEO and Director Paul Mastantuono recently appeared on the Exploring Mining Podcast to discuss the company’s reuse and discovery plans for the historic Montauban gold and silver mine site in Canada, west of Quebec City ESGold is sidestepping the traditional junior miner model of obtaining investor financing for mine development, focusing instead on building revenues through tailings cleanup and repurposing that can then be reinvested in mining operations The gold and silver resource developer is focused on an environmental and social governance mission that would minimize pollutants while repurposing waste minerals for useful construction products The company’s operation in…

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