Barrick

The foremost technical issue delaying moving this project to production has been how to accurately analyze the raw slag and how to recover the gold on a consistent basis.

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as building new mines. A new copper mine takes an average of 16 years to start up, according to the International Energy Agency. Companies mining copper like Barrick Gold (NYSE: GOLD) (TSX: ABX), Capstone Copper (TSX: CS), Southern Copper Corporation (NYSE: SCCO), and BHP Group Ltd (NYSE: BHP) need to increase production to meet the higher demand, while companies exploring for copper, like Torq Resources Inc. (OTCQX: TRBMF) (TSXV: TORQ), need to make new copper discoveries to uphold the supply for the major miners.

KINSHASA, Democratic Republic of Congo, July 05, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – The Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4 billion and it has created a thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities and upgrading essential infrastructure.

PALM BEACH, Fla., June 8, 2022 /PRNewswire/ -- Gold always seems to be projected in the long term irrespective of short-term ups and downs. For example, Gold prices hit an all-time high in 2020 as the coronavirus pandemic wreaked havoc and the resulting uncertainty supported the precious metal but it has fallen and risen since then. Here is what expert analysts see what 2025 will look like. An article in Market Realist discussed where it would be in 2025. It said: "Fed Chair Jerome Powell indicated that the U.S. job market still has some way to go on the recovery path. Therefore, it might be some time before the Fed starts tightening again. Lower interest rates and a dovish monetary policy are usually positive for gold prices. According to the consensus compiled by S&P Global, the price prediction for gold by 2025 is $1,675.7 per ounce. This is 8 percent lower than the prediction for 2022, which is $1,812.4 per ounce. The improving risk appetite and prospects of stimulus tapering down the line have capped the upgrades of gold going forward. World Bank forecasts that the nominal gold prices should decline by 2025 before they trend higher again through 2030 and 2035. There are a lot of factors that could lead to weaker gold prices four to five years down the line. Most of the bearish analysis leans on factors like the continuing post-pandemic recovery, a stronger U.S. dollar, and a Fed taper. However, there are a lot of factors that could propel gold prices much higher in the next three to five years. While people are highlighting factors like higher interest rates going forward, they're ignoring some concomitant factors. The Fed is taking a look at the recent inflation data, which has remained strong. Even going forward, economists are forecasting higher inflation for many years to come."  Active companies in the markets this week include Osceola Gold Inc. (OTC: OSCI), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), New Gold Inc. (NYSE: NGD) (TSX: NGD), IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), B2Gold Corp. (NYSE AMERICAN: BTG) (TSX: BTO).