financetom
Business
financetom
/
Business
/
GoldMining Looks to Increase Benefits From High Copper Prices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GoldMining Looks to Increase Benefits From High Copper Prices
Jul 21, 2025 4:18 AM

07:06 AM EDT, 07/21/2025 (MT Newswires) -- GoldMining ( GLDG ) on Monday said it is advancing its gold-copper strategy across the Americas in response to near-record-high copper prices, which have risen about 20% in the past year.

The price increase has been driven by intensifying copper demand due to global electrification, clean energy deployment and U.S. trade policy, the company said. As a result, GoldMining ( GLDG ) is working to leverage its portfolio of resource-stage gold and gold-copper projects to unlock value for shareholders.

The company's holdings include 100%-owned projects with estimated mineral resources of over 1.2 billion pounds of copper in measured and indicated categories and a further 0.5 billion pounds in the inferred category.

GoldMining ( GLDG ) also has a strategic ownership of about 79% of U.S. GoldMining Inc., which owns the Whistler gold-copper project in Alaska. The project hosts over 1 billion pounds of copper in estimated indicated resources and over 300 million pounds of copper in estimated inferred resources, alongside gold and silver.

GoldMining's ( GLDG ) portfolio includes over a dozen projects located in tier-one mining jurisdictions. The company's aggregated estimated mineral resources include roughly 12 million gold equivalent ounces in the M&I categories and a further 9.1 million gold equivalent ounces in the inferred category.

GoldMining's ( GLDG ) share price at last look gained 2.8% to US$0.29 in U.S. pre-market trading on Monday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Methanex Could Face Indirect Risk from US Tariffs, RBC Says
Methanex Could Face Indirect Risk from US Tariffs, RBC Says
Mar 5, 2025
03:13 PM EST, 03/05/2025 (MT Newswires) -- Methanex ( MEOH ) could face indirect risk from US tariffs even if it does not export its produced methanol between the US and Canada, Mexico, and China, RBC Capital Markets said in a note emailed Wednesday. The company is exposed to methanol prices, which in turn are sensitive to global economic activity...
Microsoft-OpenAI Partnership Does Not Reflect Merger Situation, UK Regulator Says
Microsoft-OpenAI Partnership Does Not Reflect Merger Situation, UK Regulator Says
Mar 5, 2025
03:22 PM EST, 03/05/2025 (MT Newswires) -- Microsoft's ( MSFT ) partnership with OpenAI does not qualify for an investigation under UK merger rules, the country's antitrust regulator said Wednesday. In December 2023, the UK Competition and Markets Authority said it was considering whether the technology giant's partnership with the parent of artificial intelligence chatbot ChatGPT constituted a potential merger...
BRIEF-Haoxin Holdings Ltd Sees U.S. IPO Of 1.75 Mln Class A Ordinary Shares
BRIEF-Haoxin Holdings Ltd Sees U.S. IPO Of 1.75 Mln Class A Ordinary Shares
Mar 5, 2025
March 5 (Reuters) - Haoxin Holdings Ltd: * HAOXIN HOLDINGS LTD - SEES U.S. IPO OF 1.75 MILLION CLASS A ORDINARY SHARES- SEC FILING Source text: Further company coverage: ...
Starlink has no plans to take over any FAA telecom contract
Starlink has no plans to take over any FAA telecom contract
Mar 5, 2025
March 5 (Reuters) - Elon Musk's satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to 'take over' any existing contract, SpaceX wrote on X. SpaceX is working...
Copyright 2023-2026 - www.financetom.com All Rights Reserved