Gold prices have soared since the start of 2024 and have set record prices in major global currencies. On August 1, the price for an ounce of gold in Australian dollars surged to AU$3,762.17, breaking the previous record of AU$3,638.01 set in April. Recent gains have come on the back of the resumption of buying...
Category: investingnews
Golden Deeps Shares Jump on Copper-Zinc Drill Results at Havilah Project
In a press release, the company highlights a 28 metre zone in hole HVD003 that produced high-grade portable XRF readings of up to 18.5 percent copper and 34.8 percent zinc, averaging 0.5 percent copper and 0.7 percent zinc. The news sent Golden Deeps’ share price up nearly 220 percent from its AU$0.028 close on Monday...
Grande Portage Resources: Advancing the High-grade Herbert Gold Project in Alaska
The Herbert Gold project is an exploration stage, high-grade, mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. Herbert consists of 91 unpatented lode claims located 25 km north of Juneau and to the south of Coeur Alaska’s profitable Kensington gold mine. The property covers six parallel vein structures exposed at...
Codelco Makes US$500 Million Bid for 10 Percent Stake in Quebrada Blanca Mine
Enami’s stake in Quebrada Blanca represents a carried interest, meaning the firm isn’t responsible for the mine’s capital expenditures. The sale, if approved, would provide Enami with funds to address financial challenges. The company has faced consistent losses in recent years due to its role in processing minerals for small-scale miners in Chile. The infusion...
+95% Gold and Antimony Recoveries at Auld Creek
Highlights ” These are excellent results as we progress our Reefton gold and antimony projects into the future. The commodity pricing outlooks for both metals are excellent and the introduction of antimony as a critical mineral brings additional potential benefits to New Zealand. We are now in the final stages of completing our Auld Creek...
Aurum Hits 40m at 1.03 g/t Gold at Boundiali BD Target 1
Highlights Aurum’s Managing Director Dr. Caigen Wang said: “We’re delighted with another shallow, wide gold intercept at BD Target 1. Gold mineralisation remains open along strike and at depth, with intersects as deep as 385m below surface. Every hole we drill helps us understand the controls on the high-grade gold shoots we find within these...
Highly Encouraging Maiden Scandium Mineral Resources for Melrose and Murga North
Highlights Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “Declaring maiden Scandium Mineral Resources for Melrose and Murga North is an important first step in achieving our objective of building a globally significant scandium resource inventory at Fifield. An accompanying Exploration Target for the broader Murga area also highlights the excellent potential...
Goldman Sachs Cuts Copper Price Forecast on Weak Chinese Demand
The American investment bank now anticipates that copper prices will average US$10,100 per metric ton next year, a sharp reduction from its previous forecast of US$15,000. Explaining their thoughts on China, Dart and Struyven point to its ongoing economic challenges, including a persistent downturn in the property sector and slower-than-expected recovery in manufacturing and exports....
Gareth Soloway: Gold's Next Price Target, Plus Silver and Bitcoin Outlook
Speaking to the Investing News Network, Gareth Soloway, chief market strategist at VerifiedInvesting.com, shared his latest price forecasts for gold and silver, as well as Bitcoin. For gold his next target is US$2,660 per ounce, a level the metal could reach later this year or early next year. Beyond that it’s harder to make a...
Beyond Oil Featured in Television Report by Israel's Broadcast Network
Nov Reuveni, the health reporter for Kan 11, noted that the public is generally aware deep fried food is not healthy, but they are not aware that the oil itself is the culprit: “What seemed until recently to be impossible, now becomes very simple. And it seems that it is only a matter of time...