NewsRoom Articles - Page 62 of 199

WednesdaySep 04, 2024 10:00 am

Softening Dollar Boosts Gold as Market Awaits Additional Fed Guidance

Earlier this week, the price of gold rose, a weaker dollar driving the increase. Spot gold hit $2,524.94 an ounce, just a few dollars short of its $2,531.60 record, while U.S. gold futures dropped to $2,552.90. The dollar index also dropped 0.3%, which made the precious metal more attractive to holders of other currencies. RJO Futures senior market strategist, Bob Haberkorn, stated that a lot of buying occurred after gold was given a little push following a decrease in the value of the U.S. dollar. Currently, the precious metal is up more than 20% since the end of last year…

TuesdaySep 03, 2024 11:15 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Ideally Positioned to Support Federal Efforts to Expand, Develop Critical Minerals Mining

The nation’s overreliance on foreign sources, adversarial nations for critical minerals and materials poses national and economic security threats, says report If establishing critical mineral independence is truly a western goal, it is essential that North American nickel mines be discovered, developed Fathom Nickel is focused on supplying critical minerals to support the new green economy Early in the Biden-Harris Administration, a first-of-its-kind report was released providing a supply chain assessment for critical minerals that found the nation’s “overreliance on foreign sources and adversarial nations for critical minerals and materials posed national and economic security threats” (https://ibn.fm/QOB8b). The report provided several suggestions…

TuesdaySep 03, 2024 10:30 am

Torr Metals Inc. (TSX.V: TMET) Bolsters Board with Distinguished Industry Leader

Torr Metals has strengthened its board by appointing Gordon Maxwell, a highly distinguished geologist who brings nearly four decades of experience from major industry players like Noranda, Xstrata, and Glencore Maxwell’s expertise in exploration and sustainable mining, along with his recognized contributions to Indigenous communities, aligns well with Torr’s values and project goals The addition of Maxwell mirrors successful strategies by other mining companies that have enhanced corporate value by assembling diverse, experienced boards, positioning Torr Metals for future growth and value creation Torr Metals (TSX.V: TMET) has made a strategic move to strengthen its board of directors with the appointment…

FridayAug 30, 2024 10:00 am

Will Stimulus Measures in China Boost Copper Demand?

Over the past two months, the Copper Monthly Metals Index dropped 4.5%. While a strike at the Escondida mine managed to keep the price of the red metal afloat in the first weeks of this month, the red metal’s price continues to decrease, dipping 5.7% below its July price. The mine, located in Chile and owned by BHP, accounts for about 5% of copper globally. Protests over pay led to a strike, which ended after the union signed a new three-year deal. Community backlash has also seen the Cobre Panama copper mine owned by First Quantum halt its operations. Additionally,…

FridayAug 30, 2024 9:00 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Reports Production Update, Notes ‘Early Return on Investment’

The company reports the successful production and completion of four workovers, along with increased gas production capacity, at its Black Sea asset "This early return on our investment is a clear indicator of the field's robust production potential," notes the CEO Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, is marking a significant milestone in its strategic perforation program. The company reports the successful production and completion of four workovers, along with increased gas production capacity, at its Black Sea asset (https://ibn.fm/GEzxE). “The wells on the Akcakoca Platform…

ThursdayAug 29, 2024 9:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Positions Itself in Key PGM Space

Platinum group metals (“PGMs”) are a special selection of six critical metals—platinum, palladium, rhodium, osmium, iridium and ruthenium—that are essential for a sustainable future Most PGMs are being mined from a single area in South Africa The Waterberg Project, operated by Platinum Group Metals, is projected to be one of the largest and lowest-cost PGM mines globally Platinum Group Metals (NYSE American: PLG) (TSX: PTM), a company that operates the Waterberg PGM Project in South Africa, is strengthening its foothold in a niche sector of mining: platinum group metals (“PGMs”). The company’s primary business objective is to advance the Waterberg Project…

WednesdayAug 28, 2024 10:00 am

Report Says Graphite Market Could Reach Nearly $46B by 2030

Graphite is a nonmetallic, opaque carbon polymorph that occurs naturally. This stable form of carbon can, at high temperatures and pressures, transform into a diamond. Graphite, which is sometimes referred to as plumbago or black lead, comprises of stacked layers of graphene. Graphite is a good conductor of heat and electricity and can be used in solar panels, batteries and electrodes, among other electronics. About 70%–80% of graphite supplied globally comes from China. In 2022, about 1.3 million metric tons of natural and synthetic graphite were consumed. In 2023, the mineral’s market size was valued at $32.1 billion. The World…

WednesdayAug 28, 2024 9:45 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Releases Update on Parbec Gold Deposit

Company has resumed exploration on the project, including surface soil sampling and a prospecting campaign The exploration program is “designed to lay the groundwork for a future stripping program at Parbec” Current MRE is outdated; any future MRE calculated at Parbec will benefit from the inclusion of the new and historic drilling Renforth Resources (CSE: RFR) (OTCQB: RFHRF), a mineral exploration company engaged in the acquisition, exploration and development of mineral properties in Canada, is reporting on the status of its wholly owned Parbec gold deposit (https://ibn.fm/WFiVB). According to the company, exploration has resumed on the project, including surface soil…

TuesdayAug 27, 2024 10:00 am

Gold Continues Record Rally as Dollar Weakens, Expectations of Rate Cuts Increase

This week saw the price of gold extend its run, remaining above $2,500, driven by increasing investor confidence that the Fed will likely reduce rates of interest next month, and a weaker dollar. Specifically, the price of spot gold hit $2,510.32 an ounce, representing a 0.3% increase. This comes after recording a new high of $2,531.60 per ounce. U.S. gold futures also rose 0.4% to hit $2550.60 per ounce. On the other hand, the dollar index dipped to a seven-month low, which made gold more attractive for holders of other currencies. At the same time, benchmark United States 10-year bond…

TuesdayAug 27, 2024 9:00 am

Torr Metals Inc. (TSX.V: TMET): Harnessing the Golden Future of Canada’s Mining Might

Torr Metals is establishing itself as a key player in Canada’s booming mining industry, a global leader in the production of over a dozen essential metals The company’s emphasis on early-stage district-scale copper and gold projects underscores a significant ground floor opportunity and growth potential within the sector Building on early successes by leveraging historical data to expand known mineralization trends, Torr Metals is strategically positioned for potential major new discoveries at Kolos, Filion, and Latham, all within close proximity to established provincial and mining infrastructure Canada has long been a global leader in the mining industry. Its vast, mineral-rich…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000