RAPAPORT... Hong Kong jeweler Luk Fook's revenue and profit rose by around 30% to 40% for the full fiscal year that ended March 31, the company estimated.A low base of comparison with the previous year - which saw pandemic-related restrictions - is responsible for the increase during the period, Luk Fook said last week. In fiscal 2021, business in China was weak, and Hong Kong and Macau were on lo...Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe CCUS pilot supports the firm's Net-Zero climate change strategy, including the aim...Read More
(Recasts first paragraph, updates prices and dollar bullet) By Pratima Desai LONDON, June 28 (Reuters) - Copper prices slipped on Tuesdayas the dollar rose and recession concerns were back in focus,but hopes for stronger demand after top consumer China relaxedits COVID-19 quarantine mandates provided some support. Benchmark copper on the London Metal Exchange wasdown 0.6% at $8,366 a tonne as of 1...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 11 points in pre-opening trade.Goldman Sachs added $3.22 to $304.00 after the company raised its dividend by 25%. Wells Fargo advanced $0.23 to $40.47 after the company raised its dividend by 20%.State Street dropped $0.51 to $64.70 after Deutsche Bank downgraded the stock from Buy to Hold.Ovintiv gained $2.50 to US$49.7...Read More
Yukon-focused explorer Fireweed Zinc (TSXV: FWZ; US-OTCQB: FWEDF) has rebranded as Fireweed Metals to reflect its metamorphosis into a critical minerals-focused company. The name change follows its early June acquisition of the Mactung tungsten project in Yukon and the Northwest Territories for $15 million. The project is close to the company's flagship Macmillan Pass zinc-lead-silver project, wh...Read More
Alamos Gold's (TSX: AGI; NYSE: AGI) Island gold mine is expected to produce 287,000 oz. gold on average every year from 2026 onwards, which is 22% higher than the company's previous estimate made in 2020 and more than double its 2021 production, according to the miner's Phase 3+ expansion study. The latest study is an update to the Phase 3 expansion study released two years ago and outlines a "...Read More
Western Copper and Gold (TSX: WRN; NYSE: WRN) has shared the feasibility study on its flagship Casino deposit located 300 km northwest of Whitehorse, Yukon. The project is being developed as an open pit mine, with a concentrator processing 120,000 tonnes per day to recover copper, gold, molybdenum and silver, as well as a 25,000-tonne-per-day oxide heap leach facility to recover gold, silver and c...Read More
The USGS has deployed its scientific capabilities and high-tech tools in the global fight against illegal mining.The organization's scientists are playing a leading role in a project involving a collaboration between the U.S. Department of State, U.S. Agency for International Development, United Nations and other governmental and non-governmental organizations working to address conflict mining."U...Read More
This week's episode features the Prospector Portal Thought Leadership panel at the Global Mining Symposium, featuring moderator Emily King, founder, Prospector Portal; Belinda Labatte, CEO, Lomiko Metals; Nolan Peterson, CEO, World Copper; and Martin Turenne, CEO, FPX Nickel. The panel discussed how the mining industry should embrace a strong environmental message to attract talent and investment,...Read More
British Columbia's Britannia Mine Museum has launched a new summer exhibit that takes a nostalgic look back on the recreational activities and social gatherings that built resiliency in its two former remote mining communities; Mount Sheer Townsite and The Britannia Beach, which were isolated from the world and accessible only by boat. It was the late 1880s when prospectors from Texada Islan...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has released an updated preliminary feasibility study for its 100% owned KSM project located in northern B.C., considered to be one of the largest undeveloped gold projects in the world measured by reserves. The study was prepared by Tetra Tech, the same firm that authored the previous prefeasibility (2016).Compared to the 2016 version, the 2022 study shows a co...Read More
Shares in Ivanhoe Electric (TSX: IE; NYSE-AM), the latest endeavour of mining magnate Robert Friedland, were falling on their trading debut on Tuesday morning after the company raised as much as US$169 million in an initial public offering on Monday.The exploration and development company, which owns properties in Arizona and Utah, along with a battery storage business, sold on Monday almost 14.4...Read More
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has set a carbon capture utilization and storage (CCUS) pilot project at its metallurgical complex in southern British Columbia.The CCUS plant, which is expected to start operating in the second half of 2023, supports the firm's net-zero climate change strategy, Teck said. This includes the company's goal of re...Read More
As a lender to resource companies at the prefeasibility and later stages, Sprott Resource Lending routinely sees a "massive" range in the quality of work that mining companies perform on reserves and resources statements, said managing partner Jim Grosdanis, at the Mining Investment Event of the North conference in June. "While they might be at the [definitive feasibility study] stage... we woul...Read More
$2.3 billionAfter-Tax NPV (8%) at Base Case metal prices After-Tax IRR 18.1% at Base Case metal prices Cashflow over the first four years of$951 millionper year at Base Case metal prices Base Case development contemplates 27-year mine life Base Case metal prices: Cu:US$3.60...Read full newsRead More
I've been talking about hypersonic weapons for years now, but I've never received more questions about them than I have these past few weeks. It took me a while to figure out why, but eventually someone told me that Tom Cruise takes a joyride in the opening scene of this summer's blockbuster movie Top Gun: Maverick.I'm not a movie-goer myself, but I did watch the scene and I will concede that it...Read More
Potanin, known as the "Nickel King", was sanctioned by the UK government for his ties to Russian President Vladimir Putin.Read More
The alarm bells are starting to ring. Some of the more aggressive analysts have already predicted doomsday. And to be fair, they aren't exactly wrong. This past month alone, we've seen a few of the hallmark signs of an impending recession. Most alarmingly, the industrial metals sector is in a nosedive. Materials like copper and nickel, respected bellwethers of the overall economy, are on track...Read More
Jay Taylor Media, Released on 6/28/22*The interview begins at 33:25Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1...Read More
Fox News, Released on 6/28/22When it comes to UFOs you have been lied to - and Congress was lied to as well. Lies though omission and obfuscation have permeated and propagated relentlessly - when it comes to the complex nature of the UFO phenomenon. Media agenda and inherent bias has dictated loose interpretation of the facts. But those days are over. Questions are your weapons this year... so wha...Read More