Articles for tag: Copper, deposits, Gold, holding, Porphyries, Silver, trifecta, winning

April 21, 2024

Ron Finklestien

mining

Porphyries: Deposits holding the winning trifecta with copper, gold, silver

Source: ProRealTime And it’s this broad lift across different commodity classes (precious and base metals) that’s starting to create an air of ‘commodity super cycle’ within mining circles. Rumblings of the 2003 to 2011 upswing years are starting to stir. Back then, everything swelled—from rare earths to iron ore to wheat. The list of commodities that experienced exponential rises in value over that time is extensive. That includes high-profile commodities like gold. Back in 2003, it sold for just $360/ounce. By the end of the boom years in 2011, it had surged 400% reaching a high of more than $1,900/

March 20, 2024

Ron Finklestien

mining

Unearthing Potential: Barrick Ventures into Fresh Gold and Copper Prospects in the DRC

Exploration Endeavors in the DRC Barrick’s Kibali mine, Democratic Republic of Congo. Image from Rangold Resources. Barrick Gold (TSX: ABX; NYSE: GOLD) has declared its intention to venture into uncharted territories by seeking out new gold and copper deposits in the Democratic Republic of Congo in collaboration with the government. The acclaimed, second-largest gold entity worldwide plans to delve deeper into the region, following the resounding success of its operations at the Kibali gold mine in northeastern DRC. Remarkably, the mine produced 343,000 ounces of gold in 2023, constituting a sizeable 8.5% of the company’s total output for the year.