Hot News in this Week
Mar 21, 2025
Goliath Resources has announced that almost every hole drilled at its Surebet discovery has returned gold, with one hole intercepting a 39-meter zone with over an ounce of gold. The company plans to drill an additional 38,000 meters starting in May, with a resource potential of 40-50 million tonnes grading 5-6 grams gold-equivalent per tonne.
Source: www.mining.com
David Sekera, a chief US market strategist at Morningstar, has issued a contrarian view on the long-term prospects of gold, predicting it could fall to around $1,820 an ounce in the next 4-5 years due to factors such as decreased demand and increased supply. Despite gold's recent record-breaking rallies and bullish price forecasts from banks, Sekera's prediction is based on an analysis of the metal's supply and demand dynamics, including extraction costs, real interest rates, and inflation.
Source: www.mining.com
Glencore aims to restore its annual copper production to one million tonnes by 2028 through a mix of organic development projects and exploration, with the potential for additional output in the future at an estimated capital intensity of $15,000 to $20,000 per tonne of copper-equivalent.
Source: www.miningfeeds.com
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