April 2024 - Page 3 of 3 - MiningNewsWire

MondayApr 08, 2024 9:00 am

Torr Metals Inc. (TSX.V: TMET) Is ‘One to Watch’

Torr in March 2024 announced soil sample assay results from its maiden field program at the Kolos Project, showing five kilometer-scale mineralized zones each boasting soil sample copper concentrations surpassing 200 ppm up to 1175 ppm, including up to 725 ppb gold; a property-wide ZTEM geophysical survey, utilized by industry for porphyry exploration, and 47 rock grab sample assays remain pending In January 2024, the company announced multiple new gold anomalies with assays yielding up to 1.32 grams per ton located in areas of the Filion Gold Project that have never been drill tested In November 2023, Torr completed the…

FridayApr 05, 2024 10:00 am

US Data Boosts Optimism of Fed Cuts, Buoys Gold Price to New Record

At the start of last week, the price of gold extended its rally, boosted by its appeal as a safe haven asset and expectations of an interest rate cut. U.S. gold futures increased by more than 1% to reach $2,266.39 an ounce while spot gold hit $2,245.79 an ounce, representing a 0.6% increase. In an interview, the head of commodities research at Citi’s North America desk, Aakash Doshi, suggested that the price of gold could hit $2,300 an ounce by the second half of this year, particularly against the expectations that the Fed could reduce interest rates during the same…

WednesdayApr 03, 2024 10:00 am

The Need for Critical Metals Draws US, Australia Closer

The demand for critical minerals is growing globally as the adoption of renewable energy continues and technologies continue to advance. This need has drawn Australia and the United States closer, while widening the gap between other countries and China. The mining sector has even major miners come together as the hunt for these minerals grows. For instance, Pilbara Minerals recently expressed interest in strengthening its relationship with the United States and making use of the incentives being offered by the federal government. Pilbara, a major lithium miner based in Australia, hopes to utilize America’s Inflation Reduction Act to its advantage.…

MondayApr 01, 2024 10:00 am

Goldman Sachs Predicts Surge in Commodity Prices as Central Banks Slash Rates

Goldman Sachs Group is predicting a surge in commodity prices in 2024 as central banks across the United States and Europe work to reduce interest rates in their respective countries that would likely support both consumer and industrial demand. According to a March 24, 2024, note, raw materials could see a return of up to 15% through the year as the cost of debt reduces, the manufacturing sector starts to recover and global geopolitical risks with the potential to affect commodity prices persist. Several Goldman analysts, including Daan Struyven and Samantha Dart, believe that oil, gold, aluminum and copper products…

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

Contact us: (512) 354-7000

Month: April 2024

Torr Metals Inc. (TSX.V: TMET) Is ‘One to Watch’

US Data Boosts Optimism of Fed Cuts, Buoys Gold Price to New Record

The Need for Critical Metals Draws US, Australia Closer

Goldman Sachs Predicts Surge in Commodity Prices as Central Banks Slash Rates

MiningNewsWire (MNW)

Quote / Research

Site Search