August 2023 - Page 2 of 4 - MiningNewsWire

TuesdayAug 22, 2023 3:53 pm

How Silver, Gold Markets Differ

Both gold and silver are precious metals with safe-haven appeal that do not pay dividends or interest and that require investors to pay storage costs. They have a rich history of use as currencies and are currently among the most commonly traded metals and assets in commodity trading. Investing in silver and gold is a great way to diversify your portfolio and add more stability, especially during times of political and economic upheaval. High demand for gold and silver from the electronics and jewelry industry also makes both metals a great investment outside of their safe haven appeal. However, despite…

TuesdayAug 22, 2023 1:15 pm

From Changing a Tire to Uncovering the Next Lode: How AI is Revolutionizing the Mining Industry

The mining industry has always been at the forefront of technological progress. From the steam engine enabling coal mining to be profitable, to advanced drilling techniques, innovation has played a pivotal role in improving productivity and efficiency. In recent years, the adoption of artificial intelligence (AI) has emerged as a game-changer for mining, allowing for more efficient exploration, taking automation to new levels, generating greater yields, dramatically improving safety, and maximising extraction, maintenance and operational performance. Improving mine site efficiency AI-powered systems are being rolled out across mining operations to enhance resource estimation accuracy. By examining geological data patterns and…

MondayAug 21, 2023 2:25 pm

Coal Miners Support Proposals to Curb Silica Dust Levels in Mines

Coal mining is a dangerous endeavor for both the environment and the miners tasked with extracting the substance from the ground. Continued exposure to airborne respirable dust increases coal miners’ risk of developing lung disease, can cause permanent scarring in the lungs and impair their ability to breathe. Former coal miner Terry Lilly recently spoke to a panel of federal regulators about how coal mining impacted his health. Struggling to speak, Lilly informed the panel that he suffers from black lung, a deadly respiratory condition that affects coal miners after sustained exposure to silica dust particles. The deadly lung condition…

MondayAug 21, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Among Companies Leading Charge to Abate Reliance on Chinese Tech Metals Amid Ongoing Trade War

The United States and other Western nations have been embroiled in trade tensions with China since 2018 as a consequence of China’s efforts to control its industries’ exports of metals critical to modern digital and green technologies China imposed new licensing controls on the exports of the metals gallium and germanium that it processes, prompting fresh concerns about China’s ability to choke resources to the global market it supplies Ucore Rare Metals is a supply chain innovator dedicated to increasing American production of critical metals in order to reduce reliance on trade with China Ucore’s proprietary RapidSX(TM) processing solution for…

FridayAug 18, 2023 1:30 pm

Swiss Gold Refiner Discusses Challenges of Transparency

Although Switzerland is not a major gold producer, it arguably plays a more important role in the global gold market compared to many gold-producing nations. Switzerland hosts four of the seven top precious metal refineries in the world and refines around 50% to 70% of the global gold supply. The country’s world-famous banks are also critical to marketing gold bullion, making the country a major hub for upmarket jewelry and watches. However, Switzerland’s involvement in the global gold industry has drawn increased scrutiny due to transparency issues and claims of the Swiss gold industry’s involvement in mining abuses and illegal…

ThursdayAug 17, 2023 2:25 pm

Gold, Copper Down as US CPI Data Is Released

Recent data from the Consumer Price Index (CPI) has reduced investor interest in gold and copper, causing prices for the two metals to falter amid mixed cues about inflation in the United States. Prices for the precious metal steadied last week after a month of relative lows while copper prices went down partly thanks to growing concerns over reduced imports by China, arguably the largest copper consumer on the globe. CPI data showed that consumer inflation levels in the U.S. went up from June to July and were well over the U.S. Federal Reserve’s annual inflation target range. The data…

ThursdayAug 17, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’

Prospera’s holdings include significant remaining reserves totaling an estimated half a billion barrels of oil across more than 42,000 acres in Saskatchewan and Alberta Following a top-down reorganization in 2021, the company is poised to rapidly expand its production in the coming months while implementing key ESG initiatives to reduce the environmental footprint of its operations Prospera is exploring a potential acquisition opportunity that could see its production capacity expanding beyond 5,000 barrels per day The company is led by a team with extensive, diverse petroleum industry experience and a proven track record of reorganizing organizations, structuring financing arrangements and…

WednesdayAug 16, 2023 3:37 pm

Rising Costs Cause Newcrest Profits to Drop 11%

Australian mining giant Newcrest Mining Ltd has posted an almost 11% drop in yearly profits due to increased operating costs and lower copper prices. Newcrest Mining said that it recorded a $778 million underlying profit for the financial year ended June 30, 2023, more than the projected profit of $689.7 million but less than the $872 the gold miner posted last year. In mid-July, CFRA Research estimated that copper prices fell by 11% to $3.85 per pound in July 2022 to July 2023 and predicted that copper miners would post a fall in their profits. Sprot Asset Management analyst Steve…

TuesdayAug 15, 2023 3:05 pm

Five Myths That Shouldn’t Keep You from Investing in Gold IRAs

A gold IRA is a type of retirement account that allows investors to hold gold coins rather than traditional stocks and bonds as investments. For investors looking for a longer-term, gold-related investment option, gold IRAs present an attractive alternative to physical gold and gold stocks. Gold IRAs can hold gold through indirect investments such as gold mutual funds and gold EFTs or directly through physical gold coins and bullion. Although they present significant benefits to investors, including portfolio diversification and protection against inflation as well as geopolitical and economic uncertainty, several misconceptions may dissuade you from considering a gold IRA.…

TuesdayAug 15, 2023 9:45 am

GEMXX Corp. (GEMZ) Expanding Brand Awareness As It Strengthens Mine Project Financing

GEMXX Corporation, a U.S. corporation with mines in Canada, is a mine-to-jewelry production innovator, drawing on its mining assets for the gold and gems it uses in colorful jewelry GEMXX recently engaged the marketing and brand expertise of Hybrid Financial Ltd. as the company seeks to expand awareness of its novel operations in gold and rare gem Ammolite GEMXX similarly is working with InvestorBrandNetwork (“IBN”) to expand awareness of the company through IBN’s syndication outlets, wire services and other corporate communication efforts The company is preparing to perform National Instrument 43-101 and S-K 1300-compliant Resource Reports on two of its…

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Month: August 2023