NewsRoom Articles - Page 67 of 165

WednesdayJul 12, 2023 12:24 pm

Bullion Dealers Call for Clarification of State Tax Changes

Following a slew of penalty assessments by the California Department of Tax and Fee Administration (CDTFA) against bullion dealers, the California Coin and Bullion Merchants Association (CCBMA) is calling for clarification on state tax changes. California raised its exemption threshold for use and sales tax on bulk sales of non monetized silver or gold billion numismatic coins and monetized bullion after a review of data on inflation last October. Effective Jan. 1, 2023, the exemption threshold for the aforementioned taxes increase from $1,500 to $2,000. However, several bullion dealers did not adjust to the new rates, primarily due to limited…

WednesdayJul 12, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) 2023 PEA’s Proposed Base Case Development Strategy Expected to Measurably Reduce Environmental Impact of Mining Operations at Los Azules Project

McEwen Mining, an asset-rich diversified gold and copper producer that owns a 52% stake in McEwen Copper, recently released the results of an updated Preliminary Economic Assessment (“2023 PEA”) The 2023 PEA documented, among others, an updated independent mineral resource estimate and a base case development strategy that is distinctly different from that proposed in the 2017 PEA The recent PEA proposes the development of an open pit mine with crushing, heap leaching, and solvent extraction and electrowinning (“SW/EW”) facilities to process the mined materials, producing copper cathodes that meet LME Copper Grade A quality standards The updated development strategy…

TuesdayJul 11, 2023 2:36 pm

If Low Prices Persist, Zinc Production Cuts Could Increase

Zinc prices have been on a downward trend for several months, and they are expected to remain low until 2025 based on weak demand and oversupply. Even though the output from zinc mining and refining companies is growing, analysts expect demand for zinc to remain weak through the next few years, resulting in a cap on prices. Weak demand in the construction sector has been a major factor in the decline of zinc prices, with many miners making little to no profits as prices dipped under $2,400 a metric ton and stayed there for prolonged periods. By May 25, 2023,…

MondayJul 10, 2023 12:07 pm

Increasing Demand for Solar Energy Creating a Silver-Supply Deficit

Solar energy is poised to play a significant role in global efforts to roll out clean-energy infrastructure to replace dirty fuels such as coal and oil. Experts predict that solar energy will experience explosive growth over the next couple of decades as countries invest more in renewable energy, including solar and wind. However, the accelerating demand for solar energy is placing significant stress on the supply of silver, a metal that is critical in building new-gen solar panels. The precious metal is used in paste form to provide a conductive layer on the back and front ends of silicon solar…

MondayJul 10, 2023 11:15 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Is ‘One to Watch’

First Tellurium in June 2023 successfully uplisted from the OTC Pink Market to the OTCQB Venture Market First Tellurium has contracted for IP geophysics on its Deer Horn Project during summer 2023 to develop targets for a drilling program The company has engaged consultants to stake additional claims around its Klondike gold-tellurium project in Colorado Key applications for tellurium include high efficiency cadmium telluride solar panels, next-gen lithium-ion batteries, semiconductors, thermoelectric devices, phase-change memory chips and low-energy desalination The company plans to investigate and acquire other tellurium projects in North America First Tellurium (CSE: FTEL) (OTCQB: FSTTF) is committed to…

FridayJul 07, 2023 11:31 am

Decommissioned Coal Plants May Help Accelerate Energy Transition

If the world stays true to its green-energy and anticlimate-change agenda, coal use will inevitably die out. Several countries around the world are already taking steps to reduce their coal use in favor of cleaner forms of energy. In the United States alone, 173 coal-fired power plants in 33 states are slated to shut down by 2030 with another 55 plants scheduled to close from 2031 to 2040. However, decommissioned coal power plants may still serve a purpose even if their days of generating power on the grid are over. Since most of these power stations are still tied to…

FridayJul 07, 2023 9:45 am

Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Is ‘One to Watch’

Reunion Gold is a leading gold explorer in South America’s Guiana Shield, a highly prospective and relatively underexplored region. The company’s Oko West Project in Guyana comprises a prospecting license with an area of approximately 44 square kilometers and is 100% held by Reunion through its local subsidiary. Guyana is recognized as a mining-friendly jurisdiction and in 2022 its ranking by the Fraser Institute ranking of mining investment attractivenessd increased to 22nd ranked areas in the world and the top country in south America. The company’s leadership boasts over 225 years of combined experience in the Guiana Shield. On June…

ThursdayJul 06, 2023 3:03 pm

US Announces Sanctions Targeting Wagner Group Gold Operations

The Wagner Group’s failed mutiny is having wide-ranging effects mere days after the military effort was squashed. U.S. authorities have begun imposing sanctions in an effort to disrupt the gold operations in Africa that fund the military organization. These sanctions were previously planned, but U.S. officials had put them on hold temporarily to avoid making the country look like it had joined a side in the struggle between Vladimir Putin of Russia and Wagner Group chief Yevgeny Prigozhin. However, in the wake of Wagner’s unsuccessful advance on Moscow, the Department of Treasury has targeted organizations that fund the group for…

WednesdayJul 05, 2023 2:23 pm

Rio Tinto to Invest in Boosting US Copper Supply

The world has been facing a copper shortage for several years now thanks to surging demand and supply issues. Copper is critical to several important industries and is poised to see even more demand from the small but swiftly growing green energy industry over the next few decades. Experts predict that supply will remain strained for the rest of the year and the situation may not change any time soon if copper miners don’t find ways to boost supply. However, issues such as deteriorating copper ores, increased mining costs and limited investment in mining will make it difficult for miners…

MondayJul 03, 2023 10:52 am

Russian Crisis Concerns Cause Gold to Stabilize Above Quarterly Low

Gold has seen a modest increase in price as more investment flowed into the safe haven metal amid concerns about the political turbulence in Russia. The precious metal has been a safe haven asset for individuals and institutions looking to preserve their wealth during times of political and economic turmoil for centuries now, primarily because it does not lose value. However, despite several years of poor economic conditions, an energy crisis and a cost of living crisis, gold hasn’t performed as well as it could have as higher interest rates drove investors to other assets that earn interest. Recent events…

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