#gold-deposit

#gold-deposit

After a mine cave-in revealed a rich vein of ore Bodie, California became a thriving town during the years of the California gold rush. It quickly exploded in size and at its pinnacle was home to around had around 2,000 structures and a population of 8,000 people. It went bust in 1881 and what buildings remain standing represents about 10% of its original structures.

After nearly a decade spent transforming Endeavour Mining into one of the world's ten largest gold producers, de Montessus is returning to what has long defined his career: building scale, discipline and credibility in frontier markets where volatility is the rule rather than the exception.

But after decades of outsourcing tungsten production, the federal government has now begun restricting imports. United States Tungsten founders Stacy Hastie and Randy Waterfield saw this coming. They're reviving what was once America's largest tungsten mine, the Tungsten Queen. It's a site holding an estimated 1 million tons of tungsten with an in-ground value approaching $450 million, the company says. And it says it is already in talks with the U.S. Government.

Why it matters: Positive stock performance helps explain why so many free-market capitalists have signed onto something that seems more socialist than not. And why others will do so when given the opportunity. By the numbers: The White House appears to have agreed to equity deals with nine companies, most which are publicly traded. The public cohort saw their share prices climb an average of 85% between the time of announcement (or press leak, if earlier) and yesterday, per an Axios analysis.

It's a little-known fact that Columbia University, in Manhattan, was home to the first mining school in America-the School of Mines-founded in 1864. For the past three decades, the university's program has been mothballed. Parts of its curriculum were subsumed into the more fashionable subjects of earth and environmental engineering. But next fall, Columbia University will offer a bachelor of science degree in mining engineering once again.

Britain's only tin mine could end up exporting much of its future production to the United States after the American government signalled it is prepared to provide up to $225 million (£166 million) in financing to revive the historic South Crofty site in Cornwall. Cornish Metals, which is working to bring the South Crofty mine near Camborne back into production, has received a letter of interest from the Export-Import Bank of the United States (Exim),

Last week, President Donald Trump announced that he had established a framework surrounding a deal over Greenland's future, one that guarantees the U.S. will be "involved" in the island's mineral rights. But despite easing tensions with NATO countries after months of increasingly hostile rhetoric over ownership of the Denmark-administered territory, Trump's shrinking pool of friends in Europe could foil his plan to extract the valuable minerals hidden under the ice.

With the price of a single ounce of gold now currently hovering around $4,700 (right around its all-time high), the question of course is whether it's too late for investors to dive in. I'm of the view that this momentum rally is probably warranted. That's in part due to the underlying fundamentals of gold and its overall market capitalization relative to stocks (which is still low, despite its recent rally).

The copper market has surged in recent weeks, with producers and miners posting double-digit gains as investors position for infrastructure spending and energy transition demand. Against rising commodity prices and cooling labor markets that may prompt Fed policy flexibility, five companies stand out for their copper exposure, operational scale, and momentum. 5. Teck Resources (NYSE:TECK): Diversified Metals Play With Copper Upside Teck Resources delivered an 11.1% gain over the past month, bringing its market cap to $24.27B.