NewsRoom Articles - Page 58 of 188

WednesdayJun 12, 2024 10:00 am

Major Global Economies Want End to Coal Funding by Private Sector

Major economies around the globe are focused on putting an end to coal projects receiving funding from the private sector. Coal power capacity worldwide currently stands at more than 2000 GW, with China developing an additional 500 GW. The economies want to finalize this move before the 2024 U.N. climate summit. If approved, this proposal by the Organization for Economic Cooperation and Development (OECD) would help limit funding for coal significantly. Coal is one of the largest contributors to climate change because it produces high amounts of carbon dioxide emissions when burned for energy, particularly in comparison to gas or…

TuesdayJun 11, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Exploration Success in Storm Project Drilling Program

Drill program shows defined thick new copper zones, indicating the possibility of rapid and significant expansion The drilling program is being conducted by American West Metals Limited RC drilling will continue in the Storm area, testing geophysical targets to expand known mineralization and test potential new zones of mineralization Reverse circulation (“RC”) drilling that began earlier this year at Aston Bay Holdings’ (TSX.V: BAY) (OTCQB: ATBHF) Nunavut-based Storm Copper Project has already produced exciting results. The company is reporting that immediate exploration success defined thick new copper zones and indicated the possibility of rapid and significant expansion (https://ibn.fm/hKMIR). “It is very encouraging…

MondayJun 10, 2024 12:00 pm

GEMXX Corp. (GEMZ) Announces Definitive Agreement with Latin Energy Partners in Strategic Latin America Venture

The strategic venture marks a milestone in the company’s expansion into the energy sector, demonstrating GEMXX’s commitment to diversification and growth The project will be overseen by Dinesh Kumar Sarraf, the former chairman and managing director of Oil and Natural Gas Corporation Ltd, India's leading exploration and production company The drilling of the four test wells is set to begin in the coming months, with expected results providing valuable data on the region's oil potential GEMXX (OTC: GEMZ), a publicly traded exploration company engaged in gold, gemstones, oil, and gas, has announced the signing of a Definitive Agreement with Latin…

MondayJun 10, 2024 10:30 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Begins Fully Funded Phase II Drilling Program at Flagship Duquesne West Gold Property in Quebec

Emperor Metals’ 8,000 m drill program will focus on the open pit concept revealed during last year’s program Both high-grade resources of 5.8 g/t Au over 10.85 m and lower-grade bulk tonnage of 1.69 g/t Au over 25 m were intercepted in 2023 The company intends to continue leveraging its advanced artificial intelligence models to guide targeting efforts for the upcoming drill season The Duquesne West Gold Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t and an average thickness of 5.71 meters in 4.171 million tonnes* (see note at…

MondayJun 10, 2024 10:05 am

Weak American Economic Data Causes Gold to Rise as Rate Cut Expectations Increase

Earlier this month, the price of gold rose as weaker than expected data on the U.S. economy strengthened expectations that the Fed would reduce rates of interest later this year, which sent bond yields and the dollar even lower. The price of spot gold rose by 0.9% to reach $2,347.10 an ounce. This is after it posted a 2% increase in May, with prices reaching a new high of $2,449.89 towards the end of May. U.S. gold futures also rose by 1% to reach $2,369.30 an ounce. Latest data shows that manufacturing activity in America slowed for a second month…

FridayJun 07, 2024 10:30 am

Mining News Select Perth Opens Exceptional Investment Opportunities

Aspermont, a leading media services provider, in partnership with Rule Investment Media, is organizing the Mining News Select Perth, coming up June 17-18, 2024 in Pan Pacific Perth. The event focuses on providing resources, connections, and higher ROI, to global resource companies in the minerals and gold sector. Aspermont caters to the global resource industries. With over 20+ years of creating a commercial model for B2B media, Aspermont offers high-value content through its research, publication, and events to global resource industries. The team at Miningnews.net has launched the MiningNews Select event to offer the Australian mining sector and capital-raising markets a robust platform for…

FridayJun 07, 2024 10:00 am

BHP-Anglo Saga Highlights Copper Shortage

After many attempts to acquire Anglo American by BHP, the deal seems to have been unsuccessful. During a six-week negotiation period, offer prices were increased twice with BHP urging Anglo-American’s shareholders and executives to sell its copper resources. Despite this, the deal still fell through. Sources posit that this was primarily because BHP mainly wanted Anglo-American’s copper operations. This deal highlights the current scarcity of the red metal. Just last week, the price of copper hit a new high, going for more than $11,000 a ton. It is expected that sooner or later, the red metal’s market will go into…

FridayJun 07, 2024 9:00 am

Kolos Rising: Torr Metals Inc. (TSX.V: TMET) Unveils Major Expansion and Breakthroughs in their Copper – Gold Venture

While British Columbia is viewed as instrumental in Canada’s mining future, Torr Metals is developing its Kolos Copper-Gold Project located at the heart of British Columbia’s most significant copper mining district Torr recently expanded the project size by 75% to roughly 240 square kilometers Highlights of the strategic expansion includes several important new exploration findings that suggest Kolos may be a treasure trove of multiple potential discoveries, providing metals critical to the nation’s economy and security The company was also featured in a syndicated broadcast covering the increase in size of the project, establishing Torr Metals as a significant new…

ThursdayJun 06, 2024 10:30 am

Future of Mining Perth to Offer Sustainable and Effective Mining Solutions

The Future of Mining Perth invites resource industries, miners, innovators, and investors from across Australia, for two days of discussions, debates, learning, and collaborations on June 17-18, 2024 in Pan Pacific Perth. As the pressure of sustainable and efficient mining is growing, experts will share solutions and strategies to keep up with the technology revolution while still finding ways to maintain sustainable practices and do profitable business. The event is expecting over 1,000 attendees comprising 700+ executives and decision-makers, 100+ industry leaders presiding over speaker sessions, and 60+ companies and brands looking to get insights and promote their brand in…

WednesdayJun 05, 2024 10:00 am

Costco Reveals Precious Metals Boosting Online Sales

In its latest earnings call, Costco announced that total growth recorded in e-commerce sales in the third quarter was led by silver and gold bullion, appliances and gift cards. Gary Millerchip, the company’s chief financial officer, revealed that they recorded a more than 20% increase in online sales in the last quarter. The company’s latest earnings exceed Wall Street’s expectations, noting in its statement that their members flocked to their warehouses looking for quality goods at affordable prices. In December 2023, the company revealed that it was selling gold bars worth more than $100 million in a quarter, noting that…

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