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Global Gold Output Expected To Rise 5.5% In 2021

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PALM BEACH, Fla., June 8, 2021 /PRNewswire/ — When the word ‘Gold” comes up in discussions, it is usually about the metal’s current price per ounce and whether is going up… or down. What investors should be looking at is… how much gold is being mined. It’s the supply and demand aspect that is sometimes overlooked.  In times like the pandemic, while demand soared so did the price… and some industry insiders also believe that even with increased supply, the price will continue to hold firm if not continue to rise, albeit at a more moderate pace.   A recent article in Reuters reporting that industry insider Metals Focus said that “Gold mines will produce more than ever in 2021. They said: “The world’s mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday… Demand for gold, meanwhile, will fall 25% this year to about 3,000 tonnes before recovering 17% in 2021, the consultant’s head of mine supply, Adam Webb, said in a webinar.”  Active stocks in the mining markets this week include Calibre Mining Corp. (OTCQX: CXBMF) (TSX: CXB), GoldMining Inc.  (NYSE: GLDG) (TSX: GOLD), Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL), YAMANA GOLD INC. (NYSE: AUY) (TSX: YRI), Kinross Gold Corporation (NYSE: KGC) (TSX: K).

“The coronavirus pandemic forced many mines to close temporarily and curtailed sales of gold jewelry, but it also triggered a rush to buy gold for its perceived safe-haven status. These investors pushed prices above $2,000 an ounce earlier this year, the highest level on record, and Metals Focus said prices are likely to average more than $2,000 in 2021.  It said mining companies’ earnings per ounce in the second quarter of 2020 were on average $739 higher than their costs, up from about $350 in mid-2019. Production of gold by artisanal and small-scale (ASM) miners using basic technology will decline slightly this year before increasing 13% to more than 600 tonnes in 2021, the most on record, Metals Focus said.”

Calibre Mining Corp. (OTCQX: CXBMF) (TSX: CXB) BREAKING NEWS:  CALIBRE MINING INTERCEPTS 13.83 G/T GOLD OVER 4.4 METRES, 11.37 G/T GOLD OVER 5.4 METRES AND 16.78 G/T GOLD OVER 2.8 METRES WITHIN 10 KILOMETRES OF THE LIBERTAD MILL – Calibre Mining Corp. (“Calibre” or the “Company”) is pleased to provide an update on the Company’s 80,000 metre, 2021 drilling program, highlighting results of exploration and resource expansion drilling at the Company’s Libertad concessions.

Highlights

Volcán Vein

  • 11.37 g/t Au over 5.4 metres ETW (“Estimated True Width”) from 61.4 metres (VN-21-026)
  • 9.26 g/t Au over 1.7 metres ETW from 76.9 metres (VN-21-030A)
  • 2.37 g/t Au over 6.2 metres ETW from 67.2 metres (VN-21-032)

Tranca Vein

  • 16.78 g/t Au over 2.8 metres ETW from 41.9 metres (TR-21-039)
  • 13.83 g/t Au over 4.4 metres ETW from 127.7 metres (TR-21-052)
  • 3.27 g/t Au over 4.1 metres ETW from 107.1 metres (TR-21-031)

2021 Calibre Drill Program

  • 16 drill rigs currently active on Calibre’s 100% owned properties
  • Calibre is guiding 170,000 – 180,000 ounces of gold production for the year, generating strong cash flows to self-fund new growth opportunities and an extensive 80,000 metre exploration and infill drilling program

Darren Hall, President & Chief Executive Officer of Calibre, stated: “We are excited to see some new high-grade zones emerging at Libertad. The district has produced over 1.9 million ounces of gold and we continue to identify opportunities for additional ore sources close to the to the Libertad mill. We are very encouraged by the initial results of our first pass drilling campaign along the Volcán trend where we’ve confirmed the presence of high-grade gold mineralization in at least two zones along a 1.5 kilometre vein system that to date remains largely unexplored”.

“Drilling at Tranca continues to delineate a zone of near surface gold mineralization with good potential for an open pit mineral resource. At the Rosario step-out drilling is testing the potential to extend the current gold resource another 200 metres along strike to the southwest. Currently three rigs are operating at Libertad plus one at the Amalia satellite concession located 35 kilometres away.”

“In addition to the drilling programs at our 100% owned properties, our partner Rio Tinto recently commenced its 2021 exploration drilling campaign targeting large porphyry style copper + gold targets as part of Borosi joint venture project in which Calibre is the current operator. Currently we have one drill operating at Borosi and plan to add a second drill within the coming weeks.”   CONTINUED…. Read this entire release for the Calibre Mining Corp. news at:  https://www.calibremining.com/news/2021     

FOR ADDITIONAL INFORMATION, PLEASE ALSO VISIT:  https://www.equedia.com/calibre-mining-price-target-shows-170-upside/ 

Other recent developments in the mining markets include:

GoldMining Inc.  (NYSE American: GLDG) (TSX: GOLD) recently announced that it is initiating a preliminary economic assessment on its 100% owned São Jorge Gold Project in Pará State, Brazil and announces the results of an updated Mineral Resource Estimate.

Highlights were: Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading 1.55 g/t gold) (see Table 1); Inferred Mineral Resources of 0.72 million ounces gold (17.58 million tonnes grading 1.27 g/t gold) (see Table 1); The MRE utilizes an optimized pit shell to constrain resources, a database of 145 drill holes totaling more than 37,000 metres and uses modernized cost and pricing assumptions including a US$1,600/oz gold price; and GoldMining has initiated work on a PEA at São Jorge to further evaluate the economic potential of an open-pit operation and advance opportunities to upgrade and expand the current resource base.

Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) recently announced the release of the 2020 Sustainability Report, the acquisition of 21 royalties on properties primarily in Nevada, and provide an update of recent developments from the Company’s royalty portfolio.

Sandstorm is pleased to announce the release of its 2020 Sustainability Report. The Company is committed to the responsible development of mineral projects and the sustainable extraction of metals and recognizes its influence on projects through its financial investments. This report is designed to provide shareholders and interested parties with a clear understanding of Sandstorm’s corporate responsibility practices and educate stakeholders in the Company’s approach to investment due diligence, mining partnerships, and employee engagement.

YAMANA GOLD INC. (NYSE: AUY) (TSX: YRI) recently reported its financial and operational results for the first quarter of 2021.

FIRST QUARTER HIGHLIGHTS WERE: Net earnings of $54.7 million or $0.06 per share basic and diluted compares well to net earnings of $45.0 million or $0.05 per share basic and diluted a year earlier; Adjusted net earnings were $67.2 million or $0.07 per share basic and diluted compared to adjusted net earnings of $47.2 million or $0.05 per share basic and diluted a year earlier; Cash flows from operating activities were $160.2 million and net free cash flow was $123.5 million, in line or above the averages of the preceding three quarters, further demonstrating the strength and resilience of the cash flow generation capacity of the Company; Cash flows from operating activities before net change in working capital were $183.4 million, and free cash flow before dividends and debt repayments was $76.0 million; As at March 31, 2021, the Company had cash and cash equivalents of $678.1 million, and available credit of $750.0 million, for total available liquidity of approximately $1.4 billion. Cash balances include $222.8 million available for utilization by the MARA Project. The remainder of cash and cash equivalents of $455.3 million, along with further liquidity and incoming cash flows, is more than sufficient to fully manage the Company’s business and available for the Company’s capital allocation objectives; and The Company’s quarterly dividend rate of $0.02625 per share (annual $0.105 per share) is 110% higher than the same quarter in 2020 and 425% than the same quarter in 2019.

Kinross Gold Corporation (TSX: K) (NYSE: KGC) recently announced its results for the first-quarter ended March 31, 2021.

2021 first-quarter highlights were: The Company is on track to meet 2021 annual guidance; Production1 of 558,777 attributable gold equivalent ounces (Au eq. oz.); Production cost of sales was $756 per Au eq. oz. and largely in line with Q1 2020, while all-in sustaining cost decreased to $975 per Au eq. oz. sold year-over-year; Attributable margins3 increased 25% to $1,031 per Au eq. oz. sold compared with Q1 2020, and outpaced the rise in average realized gold price; Adjusted operating cash flow2 of $399.6 million, operating cash flow of $279.8 million and free cash flow of $75.6 million; Reported net earnings increased 22% to $149.5 million, or $0.12 per share, with adjusted net earnings increasing 51% to $192.8 million, or $0.15 per share, compared with Q1 2020; Cash and cash equivalents of $1,056.1 million, and total liquidity of $2.6 billion at March 31, 2021; and Kinross’ Board of Directors declared a quarterly dividend of $0.03 per common share payable on June 17, 2021 to shareholders of record at the close of business on June 3, 2021.

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated twenty five hundred dollars for news coverage of the current press releases issued by Calibre Mining Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact email: [email protected]
+1(561)325-8757

SOURCE FinancialNewsMedia.com

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Crowdfunding

[Dandelion Energy in Wired] Your house could be a geothermal power station

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The way we heat and cool buildings is broken. In the US, temperature control accounts for more than half the average home’s annual energy consumption, which makes up over 12 per cent of the country’s greenhouse gas emissions.

Read more here.

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Source: https://blog.ourcrowd.com/your-house-could-be-a-geothermal-power-station/

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Energy

Georgia Power crews responding to scattered outages as remnants of Tropical Storm Claudette bring heavy rains, gusty winds to state

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ATLANTA, June 20, 2021 /PRNewswire/ — Georgia Power crews are responding to scattered outages this morning as a result of heavy rain and gusty winds overnight associated with the remnants of Tropical Storm Claudette. Approximately 5,000 customers are currently without power as the weather system continues to move east across central and north Georgia.

Crews are finding wires down and broken poles in some areas caused by fallen trees, limbs and debris, and will be working throughout the day to make repairs. Heavy rains and saturated soil means wind gusts are likely to bring down trees that could cause additional outages.

Customers are encouraged to prepare, stay weather aware and keep safety in mind as dangerous conditions can exist following storms. The company has developed a series of storm videos addressing customers’ frequently asked questions about storm response and restoration that can be found here. Customers should follow @GeorgiaPower on Twitter and at http://www.GeorgiaPower.com/Storm for storm tips, information about restoration efforts, customer service and more.

Severe weather can happen anytime across Georgia:

  • Before a Storm:  Know your risks of flooding and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
  • During a Storm: Have several ways to receive emergency notifications and weather updates. Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity – appliances, metal objects and water.
  • After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water or step onto saturated ground where downed lines may be present.

After the Storm Safety Tips:

  • Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
  • Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
  • Don’t step in standing water or saturated ground where downed lines may be present. They could be electrified.
  • Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
  • Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it’s the law in Georgia.
  • Protect electronics and appliances. Disconnect or turn off any appliances that will start automatically when power returns to avoid overloading circuits when power is restored.

Additional Tools You Can Use:

  • Outage & Storm Center – Available at www.GeorgiaPower.com/Storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
  • Outage Map – Housed within the Outage & Storm Center, Georgia Power’s interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
  • Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
  • Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.

Infrastructure Investment – Reliability and Resiliency
The company continually invests in infrastructure to increase the day-to-day reliability of its systems and shorten outage and repair time. The company’s use of Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages that do occur to smaller numbers of customers and reroute power remotely for improved reliability.

In addition, Georgia Power’s operational plans, systems, infrastructure and generating plants are all designed to enhance the resiliency of the network to best withstand major occurrences, such as severe weather events, including tornadoes, hurricanes and extreme heat or cold. Resiliency investments include upgrading transmission and distribution infrastructure across the power grid, including making power lines more durable.

About Georgia Power 
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power). 

SOURCE Georgia Power

Related Links

http://www.georgiapower.com

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Energy

Cresol Market: APAC to Offer Maximum Regional Opportunities for Vendors

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The cresol market is expected to grow by USD 156.17 million during 2021-2025, expanding at a CAGR of over 4%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios

Download Technavio’s Analysis on Market characteristics: https://www.technavio.com/talk-to-us?report=IRTNTR40535

Cresol Market: Growing end-use applications to drive growth

As per Technavio, the increased use in BHT production will also have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.

More Details: https://www.technavio.com/report/cresol-market-industry-analysis

Related Reports on Materials Include:

Aroma Chemicals Market by Chemical Type, Application, and Geography – Forecast and Analysis 2021-2025

Chemicals for Cosmetics and Toiletries Market by Type, Application, and Geography – Forecast and Analysis 2021-2025

Adsorbent Market by Application, Product, and Geography – Forecast and Analysis 2021-2025

Natural Surfactants Market by Application and Geography – Forecast and Analysis 2021-2025

Cresol Market: Segmentation Analysis

This market research report segments the cresol market by Product (P cresol, O cresol, and M cresol) and Geography (APAC, North America, Europe, MEA, and South America).

APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. 49% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for cresol in the region. 

Want to customize this report? We offer $1000 worth of FREE customization at the time of purchase

Speak to an Analyst: https://www.technavio.com/talk-to-us?report=IRTNTR40535

Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Our growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report: https://www.technavio.com/talk-to-us?report=IRTNTR40535

SOURCE Technavio

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Energy

Specialty Gases Market: Organic and Inorganic Growth Strategies of Leading Vendors

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Download: Technavio’s Analysis on Market Size and Forecast

https://www.technavio.com/talk-to-us?report=IRTNTR43831

Specialty Gases Market: Booming Pharmaceutical & Healthcare Sectors to Drive Growth

As per Technavio, the high dependency on high-purity gases in LED manufacturing sector will also have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

More Details: https://www.technavio.com/report/specialty-gases-market-industry-analysis

Related Reports on Materials Include:

Liquid Nitrogen Market by End-user and Geography – Forecast and Analysis

Rare Gases Market by End-user, Type, Transport Mode, and Geography – Forecast and Analysis

Specialty Gases Market: Segmentation Analysis

This market research report segments the specialty gases market by Type (Carbon-based gases, Noble gases, Halogen-based gases, Atmospheric gases, and Others) and Geography (North America, APAC, Europe, MEA, and South America).

33% of the market’s growth will originate from North America during the forecast period. The US is a key market for specialty gases in North America. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period.

Want to customize this report? We offer $1000 worth of FREE customization at the time of purchase

Speak to an Analyst: https://www.technavio.com/talk-to-us?report=IRTNTR43831

Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Our growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report: https://www.technavio.com/talk-to-us?report=IRTNTR43831

SOURCE Technavio

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