June 2024 - Page 3 of 3 - MiningNewsWire

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…

WednesdayJun 05, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Takes a Community-Driven Approach to Extending Flagship Mine’s Life

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, recently announced a plan to complete an all-season access road at its flagship Kenbridge Nickel Project in Ontario This initiative will play a key role in improving the value of the property while also aligning with and providing benefit to Indigenous communities The move speaks to the company’s comprehensive and culturally sensitive approach to resource extraction, ultimately fostering a healthy relationship with the community Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian mineral and battery materials exploration and mining development company, recently announced an…

MondayJun 03, 2024 11:15 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Continues to Grow the Resource at its Flagship Project in a Tier 1 District with a Rising Gold Sector

Emperor Metals announced an ambitious initial 2024 fully funded 8,000-meter drill program and 8,000-meter historical core assaying at its Duquesne West Gold Project, set to commence this month Emperor is fully funded with approximately $4 million in working capital and will advance the Duquesne West project towards an updated mineral resource expected by Q1, 2025 Company receives $1 Million From Industry Legend – Rob McEwen, Founder of Goldcorp Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH), an advanced stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in…

MondayJun 03, 2024 10:00 am

Surging Oil, Gold Prices an Indicator of Looming Inflation

In the last 12 months, the price of gold has risen by more than 20% while that of oil has increased by 15%. Investors of the precious metal are currently having a good run, with gold severing its ties with interest rates in the United States to trade at new highs. As of Tuesday this week, U.S. gold futures were trading at $2,356.50 per ounce while the price of spot gold stood at $2,357.4 an ounce. Earlier this month, the precious metal had risen to a near one-month high, its performance being bolstered by lower treasury yields and a weakening…

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Month: June 2024