Articles for tag: buffed, dividend, Group, margins, mining, raises, sector, Weir

February 29, 2024

Ron Finklestien

mining

Weir Group Boosts Margins in Mining Sector, Elevates Dividend

Strong Momentum from Transformation Program The Weir Group, based in Glasgow, is reveling in the substantial impact of its Performance Excellence transformation program. This initiative not only achieved cost savings of £6 million but also unearthed fresh opportunities leading to a twofold increase in the company’s cost-saving target to £60 million by 2026. CEO Jon Stanton’s Optimism Jon Stanton, the CEO of Weir, expressed his satisfaction with the company’s performance, stating, “Weir is delivering on the compelling value creation opportunity we set out as a focused mining technology company.” He highlighted the unique capabilities enabling the company to take advantage

February 29, 2024

Ron Finklestien

mining

Golden Minerals stops mining at Velardeña two months after restart

Golden Minerals Ceases Mining Operations at Velardeña Disappointing Performance at Velardeña Mines Emerging news from the Golden Minerals camp hasn’t exactly been gold-standard. Just when the Velardeña mines were gearing up for a triumphant return, fate had other plans. The resumption of operations at Velardeña marked a significant milestone, with the production of gold-rich pyrite flotation concentrates commencing a month prior. However, hopes of a bountiful financial harvest were dashed as mining activities hit a roadblock. A cocktail of low metal prices, mining dilution, and metallurgical hurdles forced a halt in operations. Rethinking Strategies at Velardeña Properties The tides have

February 23, 2024

Ron Finklestien

mining

Shakeup in Mining Giants: C-Level Executives and Board Members Reshuffle

EnCore Energy has named Shona Wilson as their new CFO, stepping into the shoes of financial leadership. First Phosphate announced that the Vice President of business development, Jerome Cliché, will be transitioning to an advisory role within the company. Goldshore Resources sees a shift in leadership as president, CEO, and director Brett A. Richards moves to the role of interim CEO and director. Newmont is in the process of smoothly transitioning its new COO, Natascha Viljoen, as former COO Rob Atkinson prepares to hand over responsibilities by the end of May. Rathdowney Resources bids farewell to CEO and chair David

February 19, 2024

Ron Finklestien

mining

Deep-Sea Mining: Navigating the Unpredictable Waters Deep-Sea Mining: Navigating the Unpredictable Waters

The Push for Deep-Sea Mining As the International Seabed Authority (ISA) prepares for discussions on deep-sea mining, industrial interest in the potential for large-scale mineral production intensifies. John W. Lodge, the Jamaican representative to the ISA, voiced the allure of cost-effective mineral extraction from the ocean floor. This commercial interest gains further momentum as Norway becomes the first nation to authorize seabed mining exploration in its territorial waters. The confirmation by Norway’s parliament signals a significant step toward the widespread implementation of deep-sea mining activities. The Bounty Below the Waves The allure of deep-sea mining stems from the valuable metals

February 18, 2024

Ron Finklestien

mining

SSR Mining Faces Turbulence as SVP is Detained over Mine Disaster SSR Mining Faces Turbulence as SVP is Detained over Mine Disaster

On a gloomy Friday, Reuters reported the shocking news of the detainment of SSR Mining’s high-ranking executive, adding to the tally of eight company employees under investigation in connection with a catastrophic landslide at the Copler mine. This devastating event has resulted in nine workers missing since Tuesday, an ordeal that has cast a dark cloud over the entire corporation. In the harsh mountainous terrain of the Erzincan province in eastern Turkey, hundreds of courageous search and rescue personnel are tirelessly combing through the rubble in a desperate attempt to locate the missing workers, presumed to be buried beneath the

February 9, 2024

Ron Finklestien

mining

Mining Updates: Notable Personnel Changes and Board Appointments Mining Updates: Notable Personnel Changes and Board Appointments

Mandalay Resources has named Hashim Ahmed as its new EVP and CFO, signaling a change in leadership at the company’s upper echelons. In a significant move, President Tim Heenan at Mirasol Resources has been elevated to the position of CEO and has now secured a seat on the board, reflecting a strategic reshaping of the company’s leadership. Nion Nickel has appointed François Vézina as the COO for the Dumont nickel project, with his prior experience at Osisko Development underlining the company’s emphasis on expertise and industry knowledge. Sola Gold announced that president and director Javier Cordova Unda has taken a

February 6, 2024

Ron Finklestien

mining

The Dichotomy of Junior Mining: A Revealing Look at Fundraising Data

Kai Hoffman, CEO of Soar Financial, captivated the audience at the Vancouver Resource Investment Conference in January. He painted a surprising picture of the junior mining sector, debunking the prevailing pessimism by revealing compelling fundraising data. Despite the prevailing despondency, Hoffman’s insights shed light on a surprisingly positive aspect of the industry. According to the CEO, the total funds raised in the previous year were actually quite substantial. However, he points out a notable “bifurcation” in the market that warrants closer examination. Highlighting the bifurcation, Hoffman emphasized that the cash raised in the past year gravitated towards developers and late-stage

February 4, 2024

Ron Finklestien

mining

Chile’s Mining Sector Poised for Robust Growth, Calls for 34,000 New Professionals by 2032 Chile’s Mining Sector Poised for Robust Growth, Calls for 34,000 New Professionals by 2032

The mining industry in Chile is on the cusp of significant growth, heralding the need for 34,000 new professionals by 2032. The unprecedented demand represents a 36% surge compared to the previous estimation, emphatically underscoring the sector’s robust expansion and its role in fostering local development and employment opportunities. The Rising Demand for Talent A recent study, directed by Vladimir Glasinovic, who leads the Eleva Program within the CCM-Eleva Alliance, has yielded several pivotal insights. The analysis forecasts a compelling surge of more than one-third in the requirement for human capital over the next nine years. This substantial escalation is

February 2, 2024

Ron Finklestien

mining

C-Level Appointments and Board Changes in Mining Industry C-Level Appointments and Board Changes in Mining

Lithium Ionic has named Mike Westendorf as its new VP Technical Services. The company’s move mirrors a strategic shift that implies a possible sparkle in its future endeavors. Radio Fuels has appointed Philip O’Neill as CEO and a director, signifying the possibility of a new fuel for the company’s growth in the industry. Vizsla Silver has welcomed Simon Cmrlec as the new Chief Operating Officer, marking a fresh chapter in the company’s operations like the unearthing of a rare and precious mineral. Western Uranium and Vanadium has promoted Michael Rutter to the position of COO and welcomed Bruce Norquist as

January 31, 2024

Ron Finklestien

mining

The Remorseless Collapse of First Quantum Minerals

Metal and mineral markets are notoriously erratic and prone to abrupt downturns. The 2023 plunge in nickel, cobalt, and lithium prices, while extreme, is but one of many such episodes in the volatile history of these commodities. Industry veterans can recall the tumult of rare earth production, the fluctuations in platinum group metal markets, and even the rollercoaster ride of gold and silver trading over the years. Despite geopolitical and market upheavals, major mining companies have grown nimbler at navigating choppy waters. However, the ranking of the top 50 miners in 2023 witnessed swift and drastic changes – a stark