Silver

Fortuna reports updated Mineral Reserves and Mineral Resources

Retrieved on: 
Thursday, February 15, 2024

Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.

Key Points: 
  • Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.
  • NI 43-101, defined below, reporting requirements do not allow for "Inferred Mineral Resources" to be added to other Mineral Resource categories and must be reported separately.
  • A qualified person has not done sufficient work to classify the historical estimates as current Mineral Resources or current Mineral Reserves and Fortuna is not treating the historical estimate as current Mineral Resources.
  • As of December 31, 2023, the Yaramoko Mine has Proven and Probable Mineral Reserves of 0.9 Mt containing 219 koz Au, in addition to Measured and Indicated Resources, exclusive of Mineral Reserves, of 0.5 Mt containing 43 koz Au, and Inferred Resources of 0.16 Mt containing 18 koz Au.

ONYX INITIATIVE HOSTS INAUGURAL GALA TO CELEBRATE BLACK HISTORY MONTH AND MILESTONES ACHIEVED IN SUPPORT OF BLACK POST-SECONDARY STUDENTS & GRADS

Retrieved on: 
Thursday, February 15, 2024

"I am truly excited and honoured to participate in this extraordinary gala celebrating Black History Month.

Key Points: 
  • "I am truly excited and honoured to participate in this extraordinary gala celebrating Black History Month.
  • WeShall Investments values diversity, innovation, and positive change, and joining hands with Onyx in this celebration reinforces our commitment to fostering a future where every voice is heard, every story is celebrated, and every dream is achievable," said Wes Hall.
  • "Let us come together, inspired by the richness of history, to create a legacy that transcends boundaries and shapes a brighter, more inclusive future for all."
  • One of Toronto's top DJ crews, D'Enforcas, will spearhead the entertainment at the gala after party.

Infinitum Named as a Finalist in the World Renowned 2024 Edison Awards

Retrieved on: 
Thursday, February 15, 2024

Infinitum , creator of the sustainable air-core motor, has been named a finalist in the 2024 Edison Awards.

Key Points: 
  • Infinitum , creator of the sustainable air-core motor, has been named a finalist in the 2024 Edison Awards.
  • This is the second consecutive year that Infinitum has been named a finalist in the prestigious Edison Awards.
  • The entire team at Infinitum is thrilled to be named an Edison Awards finalist for a second year in a row.”
    All nominations are reviewed by the Edison Awards’ Steering Committee and an executive judging body.
  • Gold, Silver and Bronze winners will be announced at the Edison Awards Gala on Thursday, April 18, 2024 in Fort Myers, FL.

Nerdio Launches New Enterprise Partner Program Following 300% Surge in Deal Registrations

Retrieved on: 
Thursday, February 15, 2024

CHICAGO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Nerdio , a premier software solution provider for organizations looking to manage and cost-optimize native Microsoft cloud technologies, today announced significant updates to its Enterprise Partnerd Program.

Key Points: 
  • CHICAGO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Nerdio , a premier software solution provider for organizations looking to manage and cost-optimize native Microsoft cloud technologies, today announced significant updates to its Enterprise Partnerd Program.
  • The latest program updates underscore Nerdio's ongoing commitment to co-selling with Microsoft and offering its partners a distinctive advantage as they navigate the transition to cloud-based virtual desktop solutions.
  • Nerdio’s 300% surge in deal registrations over the past quarter highlights a growing demand for innovative cloud-based solutions and the pivotal role of the channel in helping customers transition from legacy solutions.
  • The new Enterprise Partner Program offers benefits to partners at three different levels: Silver, Gold, and Platinum.

Gold, silver and lithium mining on federal land doesn’t bring in any royalties to the US Treasury – because of an 1872 law

Retrieved on: 
Thursday, February 15, 2024

Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.

Key Points: 
  • Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.
  • Today, mining is a high-technology industry, but it is still governed by the Mining Law of 1872.
  • Even when lands that formerly were available for mining receive new protected status as national parks or monuments, the 1872 mining law protects existing mining claims on those lands.
  • Minerals like lithium, uranium and copper are essential for shifting from fossil fuels to renewable energy, and for many other uses in our increasingly technological society.
  • As a natural resource and public land scholar, I agree with many others who argue that the 1872 mining law is archaic and overdue for an update.

Royalty-free development

  • Today, open federal public lands are managed by either the U.S. Forest Service or the Bureau of Land Management.
  • In either case, they are considered available for hard rock mining.
  • For example, the current royalty rate for oil and gas production on federal land is 16.67% of the market value of these fuels.
  • High-profile mining proposals today include copper mines in Arizona and lithium mines in Nevada.

Decades of debate

  • Mining on public lands, especially prior to the 1970s, left a multitude of contaminated zones that federal agencies are still working to clean up at taxpayer expense.
  • Today, mining operations are subject to modern land management and environmental laws, such as the Clean Water Act.
  • But these laws were not written specifically to address mining and do not fully cover issues such as disposal of mine waste.
  • In their view, the federal government applies the 1872 mining law in a way that forces companies to spend years securing necessary approvals.
  • In September 2023, the Interior Department released a 168-page report making recommendations for improving mining on public lands.
  • These measures would retain the structure of the 1872 law while taking steps to streamline permitting for large-scale mining activities.

Balancing critical minerals and conservation

  • In my view, focusing myopically on critical minerals and moving forward with a new era of domestic mining should not occur without reforming the 1872 law.
  • Halting climate change and powering a new green economy may involve some trade-offs between short-term and long-term environmental protection goals.
  • In 1872, our nation’s lands and natural resources may have seemed inexhaustible; today, we know they are finite, and that using them responsibly means balancing development and stewardship.


Sam Kalen served as Special Assistant to the Associate Solicitor for Minerals and Resources at the US Department of the Interior from 1994-1996. Views expressed in this article are solely those of the author.

Motorola Solutions and Silver Lake to Settle Outstanding $1 Billion 1.75% Convertible Notes

Retrieved on: 
Thursday, February 15, 2024

Motorola Solutions (NYSE: MSI), a global leader in public safety and enterprise security, and Silver Lake, a global leader in technology investing, announced they will settle Silver Lake’s outstanding $1 billion 1.75% senior convertible notes.

Key Points: 
  • Motorola Solutions (NYSE: MSI), a global leader in public safety and enterprise security, and Silver Lake, a global leader in technology investing, announced they will settle Silver Lake’s outstanding $1 billion 1.75% senior convertible notes.
  • The notes, originally scheduled to mature in September 2024, included a provision which gave Motorola Solutions the right to redeem a portion of the notes upon attainment of a specific Motorola Solutions share price over a specific period.
  • Motorola Solutions had previously expressed its intention to potentially exercise this redemption right, and the parties agreed to enter into a purchase agreement to settle the notes.
  • As part of the agreement, Motorola Solutions will pay Silver Lake approximately $1.59 billion in cash to settle Silver Lake’s outstanding convertible notes, inclusive of the conversion premium.

Royal Gold Reports Strong Fourth Quarter and Full Year 2023 Operating and Financial Results

Retrieved on: 
Wednesday, February 14, 2024

For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.

Key Points: 
  • For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.
  • Barrick is expecting gold production at the Cortez Complex to be 620,000 to 680,000 ounces in 2024 (100% basis).
  • According to Barrick, construction and commissioning activities for the plant expansion were substantially completed by the end of 2023.
  • Gold and copper grades are relatively well correlated at Andacollo and gold production tends to track copper production.

Buenaventura Announces Fourth Quarter 2023 Results for Production and Volume Sold per Metal

Retrieved on: 
Wednesday, February 14, 2024

Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.

Key Points: 
  • Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.
  • Orcopampa: 2023 gold production slightly exceeded guidance, as ore extracted during the 4Q23 had higher than anticipated gold grades.
  • Coimolache: 2023 gold production exceeded guidance, as optimized leach pad space enabled higher-than-planned volumes of ore treated during 4Q23.
  • 2023 lead and zinc production surpassed guidance while silver production underperformed guidance due to a short-term planning adjustment and to prioritize processing higher value ore production at Yumpag.

Tax Refund Checks More Important Than Ever According to Second-Annual “Straight Talk Wireless™ Tax Stress Index”

Retrieved on: 
Wednesday, February 14, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240214647263/en/
    The sooner taxpayers file, the faster they’ll get their refund, which 61 percent say is vital to their household’s financial stability.
  • But with consumer debt at a new high*, timing won’t be everything as the survey also showed taxpayers continue to worry the money won’t be enough.
  • The :30 ad shows a “tax guru” at a self-help event encouraging attendees to get the most out of tax season, by turning their Tax Refunds into YOUfunds.
  • For more information on Straight Talk Wireless plans and tax-time deals, visit StraightTalk.com.

DuPont Membranes for Lithium-Brine Purification Named 2024 Edison Awards™ Finalist

Retrieved on: 
Wednesday, February 14, 2024

WILMINGTON, Del., Feb. 14, 2024 /PRNewswire/ -- DuPont (NYSE:DD) today announced that FilmTec™ LiNE-XD nanofiltration membrane elements, the company's first offering dedicated to lithium brine purification, was named a finalist in the 2024 Edison Awards™ in the Resource Recovery & Environmental Conservation category.

Key Points: 
  • WILMINGTON, Del., Feb. 14, 2024 /PRNewswire/ -- DuPont (NYSE:DD) today announced that FilmTec™ LiNE-XD nanofiltration membrane elements, the company's first offering dedicated to lithium brine purification, was named a finalist in the 2024 Edison Awards™ in the Resource Recovery & Environmental Conservation category.
  • Lithium brine purification is critical to producing batteries needed for electrification to help combat climate change.
  • The Edison Awards™ is an annual competition honoring excellence in new product and service development, marketing, human-centered design, and innovation.
  • The gold, silver and bronze winners will be announced at the 2024 Edison Awards Gala in Fort Myers, Florida, on April 18, 2024.