Category: investingnews

The second quarter of 2024 saw copper prices surge on the London Metals Exchange (LME) on the back of supply bottlenecks and elevated demand, particularly from energy sectors. Copper markets saw momentum from the first quarter with prices on April 3 sitting at US$8,728 per metric ton, but supply and demand dynamics provided critical support...

“The goal in mining and exploration, like a company like Quimbaya, is basically to define resources and reserves. But even better than that, it’s to define it close to a big producer because we can see already a proven project,” Boivin said. Quimbaya has already begun advanced geochemical analysis, including soil sampling and MMI (mobile...

HIGHLIGHTS URANIUM PROJECTS – TANZANIA MKUJU URANIUM PROJECT The Prospecting Licenses (PLs) of the Mkuju Project cover 725 km2 as shown in Figure 2 and include two existing uranium deposits and several exploration prospects. The area is 20-30 km south of the Nyota deposit. Nyota hosts a Measured and Indicated Mineral Resource Estimate of 187...

HIGHLIGHTS Commenting on the Group MRE upgrade, Managing Director and CEO Mr Grant Haywood said: “It is very pleasing to have the Burbanks and Phillips Find assets under single ownership with Horizon’s complementary and extensive project base. Together this provides 1.8 million ounce gold portfolio, which is a great platform to implement our near term...

HIGHLIGHTS “It is a pleasure to update the market on quarterly activities of High-Tech’s, specifically the Werner Lake cobalt, nickel, and PGE Project. Over the last 18 months High-Tech has generated significant data from the successful sampling and drilling programs. Through the compilation of the available historical data and the data derived from our successful...

Highlights Sams Creek Gold Project Reefton Gold Antimony Project Siren Managing Director and CEO, Victor Rajasooriar commented: “The drilling results from the recent scouting holes targeting the Anvil prospect have confirmed similar alternation to the Main Zone, which hosts the 824koz @ 2.8g/t Au Resource. Additionally, the knowledge base of the geology at Sams Creek...

1. Placement to raise $6.25 million (before costs) through the issue of 62.5 million new shares to institutional and sophisticated investors at a price of 10 cents per share (a 13% discount to the last close and a 12.7% discount to the 5 day VWAP). 2. Placement participants will receive one (1) one of Elixir’s...

Alphabet’s revenue for Q2 surpassed the anticipated US$84.19 billion. Diluted earnings per share were US$1.89, slightly above the expected US$1.84, marking a 14 percent increase in revenue compared to the same period last year. The company’s search revenue, which is contained within ad revenue, came to US$48.51 billion. Meanwhile, Alphabet’s cloud revenue exceeded the US$10...

MANAGEMENT COMMENT Managing Director, Mark English, said: “We have the good fortune of pouring gold just as the price firms. It happened last year when the price went to $3,000 an ounce, this year it’s around $3,600 an ounce. “The ever increasing gold price will result in Auric and our joint venture partner generating cash...

Astral Resources’ Managing Director Marc Ducler said: “Recent exploration activity at Feysville demonstrated the potential of the Project to provide multiple gold deposits capable of producing satellite feed for the 2.5mtpa Mandilla process plant contemplated in the September 2023 Scoping Study 1. “The recently completed drill programs will provide critical data into Mineral Resource Estimates...