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.
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Osisko Metals shares rise on resource boost at Gaspé copper project
A minimum 70,000 meter drill program is now planned for 2025.
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.
Orano warns of financial problems at Niger uranium plant
The West African nation increasingly seeks new partners, such as Russia, in its mining sector.
Families gather at South African mine shaft where hundreds are feared stuck underground
The miners are in a standoff with police, who have blocked their supplies of food and water.
Mineral Resources paid rent of entities tied to managing director Ellison
The company’s internal probe into Ellison found that he did not act with integrity when he financially benefited from payments made to companies owned by him.