Gold miners’ Q3 2024 fundamentals
Thanks to record gold prices, major miners achieved record revenues, record bottom-line earnings, and record operating cash flows.
Latest Stories
Zimbabwe lithium miners want royalties to be linked to prices
The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector.
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
Osisko Metals shares rise on resource boost at Gaspé copper project
A minimum 70,000 meter drill program is now planned for 2025.
Solidcore completes acquisition of 55% share in Kazakhstan tin deposit
Solidcore said in October it agreed to buy a share in Syrymbet deposit from Lancaster Group.
Peninsula Energy shares plunge on lower uranium production forecast
Peninsula also announced that CEO Wayne Heili will step down next year.
Aya Gold & Silver rises on Zgounder optimism, despite Q3 miss
In its Q3 results release, the company noted that the silver mine expansion is essentially complete at 99%.
Trump’s transition team aims to kill Biden EV tax credit
Transition team is planning to kill the $7,500 consumer tax credit for EVs as part of broader tax-reform legislation.
Aluminum price soars as China cancels tax incentive on exports
The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.
