NewsRoom Articles - Page 43 of 126

MondayFeb 27, 2023 1:55 pm

Barrick Gold CEO Says Inflation Affecting Miners’ Bottom Lines

A top executive from Barrick Gold has revealed that inflation will not be going anywhere anytime soon. Even though plenty of pundits expect that inflation will begin to reduce in 2023 as central banks increase borrowing costs, CEO Mark Bristow says that he doesn’t see inflation reducing much this year. Furthermore, the exec noted that inflation would keep hindering the mining industry for a while, as increased costs would place a heavy burden on miners’ bottom lines. During an interview with Bloomberg, Bristow stated that inflation definitely wasn’t over and noted that no one was currently doing anything to put…

MondayFeb 27, 2023 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Lays Groundwork to Capitalize on Opportunities in the Copper Industry Through Subsidiary McEwen Copper

Copper is well known for its growing demand in many industries, including renewable energy sources required for net-zero carbon emission goals implemented by over 70 countries The copper market is now expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021 McEwen Mining is a 68% shareholder in McEwen Copper’s Los Azules project, giving it 100% interest in what could soon become the world’s next copper unicorn More than 70 countries worldwide, including the United States, China, and the European Union, have set goals to reach net-zero carbon emissions – with promises of cutting current emissions in…

FridayFeb 24, 2023 11:18 am

Coal Market Outlook Dampens as Prices in China Drop to Lowest Levels in a Year

Earlier this week, the price of thermal coal in China fell to their lowest levels in a year. Traders and analysts believe that this is because production from mines in the country is recovering faster than the demand for thermal coal. Rising inventories in China are limiting imports and, in turn, putting pressure on the global price of the fuel. Slow recovery in the consumption of coal in China, which is the biggest consumer of coal globally, also indicates a moderate rebound in growth and power consumption. Analysts predict that the demand for coal in China will grow 2% in…

ThursdayFeb 23, 2023 2:20 pm

Report Shows Uranium Market Performed Well in January

The uranium market performed admirably in January due to increased demand for nuclear energy amid global energy shortages and soaring energy prices. Sprott recently released a report stating that the uranium market performed well in January, as the spot price of U308 uranium increased to $50.75 per pound from $48.31 last month and uranium mining equities went up by 14.65%. Spot prices for U308 uranium have gone up by about 104.23% since 2019 and 14.74% in 2022, signifying the market’s continued upward trajectory over the last few years. Uranium mining equities, on the other hand, bounced back last month after…

WednesdayFeb 22, 2023 12:43 pm

Gold Drops as Federal Reserve Remains Hawkish

Last week, the price of gold dropped slightly as the Federal Reserve pushed on with its hawkish stance on rate hikes. Demand concerns also affected palladium negatively, with the metal dropping to its lowest figure since 2019. At the same time, U.S. gold futures rose 1% to reach $1,851.80 while spot gold remained unchanged at $1,852.94 an ounce. Recently released consumer data also shows that America’s CPI increased by 6.4% in the 12 months through January. On a monthly basis, CPI rose by 0.5% in January. The increase in gold last week came week after the greenback dropped to a…

WednesdayFeb 22, 2023 10:30 am

The 3rd Annual Mining Journal Select Event: Exceptional Investment Opportunities Selected By Mining Journal

Institutional and professional investors as well as mining experts, businesses, and professionals are invited to attend the Mining Journal Select Show on March 27-28th, 2023. An exclusive lineup of presenters will pitch their businesses in front of industry leaders and investors and get an opportunity for one-on-one meetings and personalized discussions with these eminent investment groups. These mining companies presenting at Mining Journal Select are selected by the Mining Journal Research & Intelligence Team, who conduct research and analysis to shortlist a curated list of companies with exceptional potential and prospects. Investors looking for robust investment avenues can leverage this…

TuesdayFeb 21, 2023 11:53 am

Copper Shortage May Last Through 2030

Analysts expect that the global market will experience a copper shortage this year that may last until 2030. The red metal will play a crucial role in the energy transition, given its use in industrial machinery and electrical equipment. Higher demand pressures and challenges affecting the South American supply chains are fueling the metal’s shortage. A copper squeeze may signal that inflationary pressures will worsen globally, which may, in turn, push central banks to lengthen their hawkish stance. Robin Griffin, VP of Metals and Mining at Wood Mackenzie, stated that the firm had forecasted major copper deficits to 2030. Griffin…

FridayFeb 17, 2023 11:17 am

The Gold: A Review of One of Britain’s Most Shocking Robberies

We are at the International Trading Estate, located near Heathrow Airport in London. The year is 1983; the date is Nov. 26. While this may seem like any other day, one of the biggest heists in United Kingdom history is about to take place. On this day, £26 million ($33 million) worth of bullion, cash and diamonds was looted from a Brink’s-Mat operated warehouse. In today’s money, this equates to more than £93 million ($112 million) worth of assets. Brink’s-Mat was a joint venture between MAT Transport, a firm based in London, and Brink’s, a U.S. security firm. The Brink’s-Mat…

FridayFeb 17, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Creates Critical Opportunities for North American Rare Earth Element Sustainability

China currently dominates the high-value market for rare earth elements (“REE”), but growing political tensions increasingly threaten this key supply chain, limiting the potential distribution of REE for crucial high-tech applications, such as military assets, electric vehicles, wind power generation, as well as mobile phones, and many others Ucore’s mission includes an ESG-centered model using RapidSX technology for the refining of REE from U.S. Allied sources, including Canada, as well as Louisiana and Alaska The REE market was valued at $5.3 billion in 2021 and is expected to continue growing quickly, at a CAGR of over 12%, resulting in a…

FridayFeb 17, 2023 9:45 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Subsidiary McEwen Copper Expects New Preliminary Economic Assessment for Los Azules Copper Project During Q1 2023

Copper demand is rising worldwide, attributed to the renewable energy market and, recently, the re-emergence of China after its lift of pandemic restrictions McEwen Copper's Los Azules project is positioned to help offset some deficit that is currently being experienced due to losses recorded by Peru and Chile mines coupled with high demand The 2017 Preliminary Economic Assessment (“PEA”) estimated a 36-year mine life for the Los Azules Copper Project - and only covered 55% of the known copper resources to be mined Additional drill holes have shown strong copper mineralization extending below the initial PEA bottom, providing an additional…

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