BHP Overtakes Glencore as Top Mining Brand with US$6.1 Billion Valuation
Investing News Network | Copper Investing News
by Giann Liguid
7h ago
BHP (ASX:BHP,LSE:BHP,NYSE:BHP) has emerged as mining's new leader in brand value, surpassing longstanding frontrunner Glencore (LSE:GLEN,OTC Pink:GLCNF), according to a recent report from Brand Finance. The document outlines a 17 percent surge in BHP's brand value, soaring to an impressive US$6.1 billion. This year-on-year rise was enough to propel BHP to the top spot and dethrone Glencore, whose brand value, while still substantial at US$5.9 billion, experienced a marginal decline of 1 percent from the previous period. Factors contributing to BHP's ascent include higher revenue, which was f ..read more
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Hudbay Provides Annual Reserve and Resource Update and Production Outlook
Investing News Network | Copper Investing News
by Investing News Network
12h ago
Consolidated copper production is expected to average 153,000 i tonnes per year over the next three years, representing a 16% increase from 2023 and demonstrating Hudbay's strong and stable operating portfolio with three long-life operations in tier-one mining jurisdictions in the Americas. Strong complementary gold exposure with consolidated gold production expected to average 272,500 i ounces per year over the next three years, reflecting strong production in Manitoba and a contribution from Pampacancha high grade gold zones. Enhanced operating platform with the recent acquisition of Coppe ..read more
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Ramp Metals Provides Exploration Update and Announces Drilling Campaign
Investing News Network | Copper Investing News
by Investing News Network
12h ago
Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to provide an update on the Company's exploration activities, including a drilling program at its flagship Rottenstone SW property. Key Highlights Commencement of the Company's 2024 drilling program on the Rottenstone SW property. To date, the Company has successfully drilled four (4) holes for a total of 1180m with the core being transported to a facility to be processed. Completion of the exploration program recommended in the Technical Report on the Rottenstone SW property, including airborne time domain electroma ..read more
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Trilogy Metals Announces Date of Annual Shareholders Meeting and Provides Update on Ambler Access Road
Investing News Network | Copper Investing News
by Investing News Network
12h ago
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or "the Company") will hold the Company's 2024 Annual General Meeting of the Shareholders ("AGM") on Wednesday, May 22, 2024 at 10:00 am Pacific Time at the office of the Company, Suite 1150, 609 Granville Street, Vancouver, British Columbia . All current directors will stand for re-election at the AGM. Other items of business include the approval of unallocated entitlements under the Company's 2012 Equity Incentive Plan. Pursuant to Toronto Stock Exchange rules, all unallocated options, rights and entitlements require shar ..read more
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TNC Announces Institutional Placement
Investing News Network | Copper Investing News
by Investing News Network
20h ago
True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to advise that it has signed binding documentation with Millinium Capital Managers Limited as trustee for MP Materials and Mining Group Fund for a placement of A$5 million comprising the issue of 41,666,667 fully paid ordinary shares in the Company (Shares) at an issue price of A$0.12 per Share (Placement). The issue price of $0.12 per Share represents a 66.67% premium to the last closing price of $0.072 prior to the Placement, demonstrating strong investor confidence in the Company’s future prospects and growth ..read more
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Goldman Sachs Bullish on Commodities, Shares 2023 Price Calls for Gold and Copper
Investing News Network | Copper Investing News
by Giann Liguid
1d ago
Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates. The American investment bank said it sees raw materials potentially returning 15 percent in 2024. “We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Import ..read more
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Forte Minerals CEO Highlights Strategy for Prospecting, Acquiring Prolific Assets at Low Cost
Investing News Network | Copper Investing News
by Investing News Network
1d ago
Forte Minerals’ (CSE:CUAU) ability to discover and acquire exploration properties at a low cost in Peru has been largely accomplished through two strategies: seeking relinquished properties when the market is down, and employing remote sensing technology for discoveries, according to the company’s president and CEO, Patrick Elliott. "Through low market times, we thrive on property acquisitions, deals, negotiating," he said. "It's usually around a time when other companies are relinquishing properties. A lot of the majors go through these periods whereby exploration gets the first cut. ... So ..read more
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1844 Closes Non-Brokered Private Placement of Units
Investing News Network | Copper Investing News
by Investing News Network
1d ago
1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844"), is pleased to announce it has closed its previously announced non-brokered private placement of units (each, a "Unit"). At closing, the Company issued 14,117,500 Units at a price of $0.02 per Unit for aggregate gross proceeds of $282,350 (the "Unit Offering"). Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.05 for a period of ..read more
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Ramp Metals Inc. Announces Closing of Qualifying Transaction and Anticipated Trading Date Under the Symbol "RAMP"
Investing News Network | Copper Investing News
by Investing News Network
1d ago
Ramp Metals Inc. (TSXV: AAC.P) (formerly Anacott Acquisition Corporation) (the "Company") is pleased to announce that it has closed its previously announced reverse-takeover transaction (the "Transaction") pursuant to a merger agreement (the "Merger Agreement") dated effective July 28, 2023, between the Company (formerly Anacott Acquisition Corporation), Ramp Metals Inc. ("Ramp") and 1429494 B.C. Ltd., a wholly-owned subsidiary of the Company (together, the "Parties"). The Transaction Effective March 19, 2024, as a condition to the completion of the Transaction, the Company consolidated its ..read more
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WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS
Investing News Network | Copper Investing News
by Investing News Network
1d ago
western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the launching of a metallurgical testing program (the "Metallurgical Program") for its wholly-owned Casino Copper-Gold Project (" Casino "). Fifteen composite samples were prepared from core acquired in 2023 (the "Drill Program"). Western's Technical and Sustainability Committee, comprised of members from Western, Rio Tinto Canada Inc. and Mitsubishi Materials Corporation, prepared the Drill and Metallurgical Programs. Drill Program The 2023 Drill Program consisted of seven holes ..read more
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