Markets saw gains this past week as silver breached the US$30 mark for the first time in more than 10 years last Friday (May 17). Gold also saw significant gains, and reached a weekly high of US$2,418.04 the same day. Meanwhile, copper surged above US$10,000 per metric ton (MT) Monday (May 13) on the London...
Category: investingnews
How High Can the Gold Price Go? Mining Billionaires Share Big Predictions
The gold price has hit record levels in 2024, leaving investors wondering just how high it can go. Read on for an overview about what they said about the future of the yellow and white metals. 2023 saw the gold price trading between support and resistance as investors kept to the sidelines and favored the...
Top Stories This Week: Silver Price Breaks US$30, "Big Short" Investor Burry Gets into Gold
Gold and silver prices both made moves this week, with gold passing US$2,400 per ounce once again and silver finally breaking through the important US$30 per ounce mark. It’s the first time the white metal has been there since 2013, and the milestone has sparked speculation about just how high it could go in this...
Tartisan Nickel Corp. Acquires Additional Claims for the Kenbridge Nickel Project, Advances Baseline Studies
The Kenbridge Nickel Project is in the north-central part of the Atikwa Lake area and the south-central part of the Fisher Lake area, Kenora Mining Division, 70 kms east-southeast of the Town of Kenora in northwestern Ontario, Canada. The Kenbridge Nickel Deposit hosts a Nickel-Copper Resource with a 622-meter shaft. Tartisan Nickel Corp. is also...
Top 9 Lithium-producing Countries (Updated 2024)
Interest in lithium continues to grow due to its role in the lithium-ion batteries that power electric vehicles (EVs). As a result, more and more attention is landing on the top lithium-producing countries. About 80 percent of the lithium produced globally goes toward battery production, but other industries also consume the metal. For example, 7...
Crescent Point to Acquire SilverBow in US$2.1 Billion Oil and Gas Deal
Under a definitive agreement announced on Thursday (May 16), SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock for each share of SilverBow common stock they own, with an option to receive cash at a value of US$38 per share, subject to a cash consideration cap of US$400 million. John Goff, chairman...
John Feneck: Gold, Silver, Copper, Uranium — 10 Stocks I'm Watching Now
John Feneck, partner and portfolio manager at Feneck Consulting, shared his thoughts on gold, silver, copper and uranium, outlining his outlook for these commodities and stocks he’s currently watching. Starting with gold, he said he thinks it’s proven itself as a safe-haven asset, with more “smart money” now getting involved. At the same time, he...
Eastern Metals Limited (ASX: EMS) – Trading Halt
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Lucapa to Divest Stake in Mothae Diamond Mine After Mixed Q1 Results
In Q1, the company’s Lulo mine in Angola sold 8,746 carats, generating US$9.4 million in revenue. While there were no exceptional diamond tenders during the quarter, a tender in early Q2 attracted US$10.5 million for three high-quality Lulo diamonds, significantly bolstering the company’s financials. A cutting and polishing partnership added an additional US$0.2 million in...
Brightstar Resources
The company also owns an existing processing facility that can potentially provide tremendous shareholder value in a low-capital cost restart scenario. That plant, once fully refurbished and operational, could prove a key differentiator for the company, enabling fast gold production at a low capital cost. This is especially noteworthy given that many other gold companies...