December 2024 - Page 3 of 3

ThursdayDec 05, 2024 9:30 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Reports ‘New Understanding of Gold’ at Parbec Gold Project

Bank of America notes that gold remains “the ultimate perceived safe-haven asset.” While demand for gold grows, the industry faces challenges in maintaining adequate supply. New initiatives at Parbec intended to increase deposit knowledge base and move production forward. According to a Bank of America analyst, gold could reach $3,000 per ounce next year (https://ibn.fm/NRDTZ), a forecast welcomed by those in the gold space, including Renforth Resources (CSE: RFR) (OTCQB: RFHRF), an active mineral exploration company. “Bank of America released a bullish note on gold [in October], just as the precious metal reached new record highs at $2,696 per ounce,” a Benzinga article…

ThursdayDec 05, 2024 8:45 am

Riding the Wave of the Next Commodity Supercycle

Within the past several years, commodity prices reached a 50-year low relative to equity valuations (https://ibn.fm/QrRMU). Historically, such lows in the commodity-to-equity ratio have marked the onset of new commodity supercycles—prolonged periods of sustained growth in raw material prices—and we’ve clearly seen the markets shifting with gold hitting all-time highs throughout much of this year. As global economic conditions evolve, commodities have been re-emerging as an important consideration when reconstructing investment portfolios. The last major commodity supercycle (1996–2011) was fueled by the industrialization of emerging economies like China, India and Brazil. Today, a combination of inflationary pressures, supply chain disruptions,…

WednesdayDec 04, 2024 8:45 am

Torr Metals Inc. (TSX.V: TMET) Distinguishing Itself: Driving New Exploration and Discovery in Canada’s Premier Mining Districts

In just over one year, Torr Metals has identified six undrilled gold anomalies covering a 1.2 x 2-kilometer (“km”) corridor, with gold soil grades up to 1.32 g/t Au along the Trans-Canada Highway; additional 2024 surface assays pending testing a highly prospective 7 km strike-length to potential mineralization At the 100% owned Kolos Copper-Gold Project, Torr’s inaugural soil sampling over the past year defined a 7 km porphyry trend with three undrilled copper-gold centers, boasting a footprint 33% larger than Copper Mountain Mine and double the average grades of regional deposits Investors can look forward to continued updates on upcoming…

TuesdayDec 03, 2024 10:00 am

Codelco Ramps Up Copper Production to Attain 2024 Targets

Codelco, a copper mining firm owned by the government of Chile has increased its production in an effort to meet this year’s targets. Copper is a critical metal, given its use in the green energy revolution and the increase in use of electric vehicles. The company, which is the biggest producer of copper globally, is trying to revive output following a weak first half of the year and a more than two decade low. Sources reveal that the company hopes to close 2024 with 1.33 million metric tons of copper, a 0.5% increase from its 2023 figure. In an internal…

MondayDec 02, 2024 10:00 am

Gold Slides as Markets Weigh Fed Outlook, Treasury Pick

Earlier this week, the price of gold fell as signs of reducing political tensions in the Middle East diminished appetite for the precious metal. In a statement, the Israeli ambassador to the United States revealed that Israel was possibly days away from a cease-fire agreement with Hezbollah of Lebanon. This comes after Israel breached the country’s borders on October 1st, an escalation of the Israel-Hezbollah conflict. TD Securities’ Global Head of commodity strategy Bart Melek explained that there was a positive risk-gold relationship, noting that a reduction in risk resulted in a decrease in the price of gold. Bullion saw…

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Month: December 2024

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Reports ‘New Understanding of Gold’ at Parbec Gold Project

Riding the Wave of the Next Commodity Supercycle

Torr Metals Inc. (TSX.V: TMET) Distinguishing Itself: Driving New Exploration and Discovery in Canada’s Premier Mining Districts

Codelco Ramps Up Copper Production to Attain 2024 Targets

Gold Slides as Markets Weigh Fed Outlook, Treasury Pick

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