By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.
Agnico, like other gold miners, is seeking to create a hedge by expanding its exposure to copper and other metals. The company recentlyto develop the San Nicolas copper-zinc project in Zacatecas, Mexico. But Al-Joundi said Agnico invested in San Nicolas for entirely different reasons. First, it has strong economics, with a 2021 prefeasibility study indicating that an open pit mine, producing 63,000 tonnes of copper and 147,000 tonnes of zinc per year, would provide a 33 per cent internal rate of return.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Copper is a safe bet given the push for EV's.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AIMCo CEO rejects fossil fuel divestment as investment strategyThe CEO of the Alberta Investment Management Corp. (AIMCo) says divesting from fossil fuels is the opposite approach pension funds should be taking if they want to help solve the climate crisis. From the same company that has lost millions?
Source: CTVCalgary - 🏆 26. / 68 Read more »
AIMCo CEO rejects fossil fuel divestment as investment strategy - BNN BloombergThe CEO of Alberta Investment Management (AIMCo) says divesting from fossil fuels is the opposite of what pension funds should be doing if they want to help solve the climate crisis. It's about time aimcoinvests Siddall started talking sense. GoodNews publicpensionfunds
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Top gold CEOs say soaring costs will hobble mining industry into 2023The world’s top gold mining executives see cost pressures sticking around into next year, adding to industry headwinds fueled by economic and political uncertainty, supply-chain disruptions and surging interest rates. Those gathering at the Denver Gold Forum this week shared a collective view that the current economic environment is unprecedented. Gold producers are grappling with the byproduct of a hawkish US central bank whose efforts to combat inflation have supercharged the dollar and driven down bullion prices. Gold prices are under pressure and equities tied to the yellow metal have slumped. A gauge of gold companies has fallen 23% this year, lagging the 8.9% decline of the precious metal.
Source: MiningWeeklyCA - 🏆 48. / 63 Read more »
Fossil fuel sector needs investment to reduce emissions: RBC exec | Globalnews.caRoyal Bank of Canada executives say investment is needed not just in green energy companies, but also in the fossil fuel industry, if Canada is to meet its climate change targets. Leave it. In the ground.
Source: GlobalNational - 🏆 81. / 51 Read more »