Uranium prices, Greatland Gold PLC, BHP Group PLC …
The aggressive purchase of uranium by a new investment trust pushed the price of the metal to its highest level since 2014.
The Sprott Physical Uranium Trust has recovered around 6 million pounds of physical uranium, worth around US $ 240 million, since its launch in July, the FT reported on Friday.
(,,) (AIM: GGP, OTC: GRLGF,) reported that high grade gold and copper were found outside the original resource area of the Havieron deposit in Western Australia.
New results from the growth drilling program in the Crescent sulphide zone and around the North Breccia continue to support the potential for resource expansion, he said.
The 12 new drill holes intersected mineralization, with six holes returning significant assay intersections greater than 100 meter-grams of gold.
“Initial work for mine development is progressing as planned with the decline now advanced to more than 120 meters from the portal to the top of the deposit. “
() () is the latest miner to sign up to use artificial intelligence tools developed by a Bill Gates-backed start-up to find new deposits of metals needed for batteries and clean energy.
The world’s largest miner and Silicon Valley-based KoBold Metals will jointly fund exploration using data processing technology to help locate potential mineral deposits below the earth’s surface, starting with Western Australia, according to media reports.
De Beers Group of () () sold US $ 515 million worth of rough diamonds in the seventh sales cycle of 2021 and said sentiment remains positive.
Provisional revenue for the period August 23 to September 7 was little changed from the $ 514 million sold in the sixth cycle of this year and is 54% higher than the seventh cycle of 2020.
“Sentiment in the mid-diamond industry continues to be positive and this is reflected in our sales for Sight 7,” said Bruce Cleaver, Managing Director of De Beers. “The demand for rough diamonds is the result of strong demand for polished diamonds in our US and Chinese markets.
(,,,,) (AIM: PAF, OTCQX: PAFRY, JSE: PAN, FRA: RTZ,) expects earnings per share to increase by at least 63% for the year ending June 2021 , helped by rising gold prices and sales.
EPS will be between 3.76 and 4.10 cents US, compared to 2.30 cents US for the period of the previous year, an increase of 63% and 78% respectively, he said in a statement. .
Revenue increased 34.8% to US $ 368.9 million as gold sales climbed 12.4% to 201,777 ounces and the average price of gold received increased from $ 1,574 US at US $ 1,821 per ounce.
Plans to build the UK’s first deep coal mine in 30 years in Cumbria face waning support as a public inquiry into the proposal is underway today, the Guardian reported.
West Cumbria Mining has made plans to establish a metallurgical coal mine, known as Woodhouse Colliery, off the coast near Whitehaven in western Cumbria to supply British and European steelmakers, which currently import around 45 million tonnes of metallurgical coal each year.