resourceinvesting
Resource investors have access to huge amounts of information when evaluating junior mining stocks, but understanding exactly what a company has in the ground is one of the most crucial steps. Mineral resources and mineral reserves are key to the due diligence process. While these terms may at first sound interchangeable, they carry distinct meanings and implications within the mining industry. Mineral resources break down into the measured, indicated and inferred categories, while mineral reserves are divided into the proven and probable segments. Each of these terms provides a different leve...
Investing News Network
The Bank of Canada (BoC) announced on Wednesday(June 5) that it is reducing its benchmark lending rate by 25 basis points to 4.75 percent. The cut is the central bank's first since March 2020. The move was widely expected by analysts and came after the release of key GDP and inflationary figures. Data indicates that Canada's GDP grew by 1.7 percent during the first quarter of the year after stalling out at the end of 2023, but is still lagging behind the global growth rate of 3 percent. Meanwhile, the country's consumer price index cooled further in April as it came in at 2.7 percent, inching ...
Investing News Network
The Australian government has rejected Glencore’s (LSE:GLEN,OTC Pink:GLCNF) proposal to develop a carbon capture and storage (CCS) project in Queensland due to potential risks to groundwater resources. The decision halts the global commodities miner's plan to inject CO2 into underground aquifers to reduce emissions from a coal-fired power plant. The CO2 would have been stored 2.3 kilometers underground in the Surat Basin. Glencore's pilot project, managed by its subsidiary, Carbon Transport and Storage Company, aimed to capture 330,000 metric tons of liquefied CO2 annually from the Millmerran ...
Investing News Network
While many investors build and maintain their portfolios with the help of an investment advisor or company, others choose to go it alone in whole or in part, taking on greater risk be it for fun, profit or both. This is no truer than in the resource sector, where risky plays come with the promise of potentially enormous returns. Speaking at this month's Metals Investor Forum in Vancouver, BC, Robert Sinn, senior content creator at Goldfinger Capital, spoke about the pitfalls junior mining investors face and shared advice to help mitigate risk and improve returns. More complex than chessSinn dr...
Investing News Network
Canada’s Fraser Institute has released its annual list of the world's top mining jurisdictions, awarding the top three spots for investment attractiveness to Utah, Nevada and Saskatchewan. Western Australia and Québec round out the top five. All top 10 spots went to areas in Canada, the US and Australia. “A sound regulatory regime coupled with competitive taxes make a jurisdiction attractive to investors,” said Elmira Aliakbari, director of the Fraser Institute’s Center for Natural Resource Studies and co-author of the report. “Policymakers across the globe should understand that mineral depos...
Investing News Network
Auric Mining (ASX:AWJ) has commenced Phase 2 of gold production at Jeffreys Find, with nearly 20,000 tonnes of ore delivered to the Coolgardie mill. The company’s managing director, Mark English, said the company is poised make a “substantial amount of money” in 2024 as it intends to double its production amid high gold prices. “We'll make sure to generate around $7 million worth of gross revenue out of this parcel. So throughout 2024, (with) 300,000 tonnes (of gold ore) going through that mill, we will certainly double our production on what we did compared to 2023 … This year, we'll do a min...
Investing News Network
On April 16, the Canadian government tabled its 2024 budget proposal. Called "Fairness for Every Generation," it is aimed at helping Millennials and Gen Zs, with C$535 billion earmarked by the Trudeau government for investments in housing, clean economy initiatives, childcare, healthcare and national security. But one section of the document has garnered widespread attention — changes to the capital gains tax scheme. Starting on June 25, 2024, changes to Canada's tax system will aim to “enhance fairness” by adjusting the inclusion rate for capital gains. Individuals with over C$250,000 in annu...
Investing News Network
Mining is one of the oldest industries on Earth. With activity stretching back as many as 40,000 years, human advancement is closely correlated to our relationship with metals and minerals. Indeed, modern society has been made possible through the extraction of metals and the ages this work has ushered in, from the historic Bronze Age to the more recent Industrial Revolution. Now, 54 years after the inaugural Earth Day, the world is preparing for the green energy transition. And as this essential shift moves forward, metals are again playing an integral role in achieving the ambitious goals se...
Investing News Network
As global scrutiny intensifies on corporate environmental, social and governance (ESG) practices, the mining sector is facing increasing pressure to demonstrate that its operations are sustainable. The resource sector is undergoing a transformation as stakeholders increasingly demand a unified standard for ethical practices. Just last year, four prominent mining associations — the International Council on Mining and Metals, the World Gold Council, the Copper Mark and the Mining Association of Canada — came together to develop a unified mining code. This collective, which represents 86 companie...
Investing News Network
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