The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
The company reported a net loss after tax of US$182.7 million, including a loss of $158 million attributable to equity holders, due to COVID-19, lower commodity prices and sales volumes."The recent recovery, while welcome, does have a degree of uncertainty to it," MMG CEO Geoffrey Gao said on a conference call.Revenue fell 14% to $1.19 billion, while net cash generated from operations rose 26% to...Read More
Mastermyne CEO Tony Caruso said the company started FY21 well positioned with a record order book and a strong pipeline of projects."Like last year we will focus on our operating discipline while investing in growth of our business through whole-of-mine projects and expansion into other commodities," he said."With this order book, pipeline and growth strategy we are set up for another excellent ye...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The company reported a net loss after tax of US$182.7 million, including a loss of $158 million attributable to equity holders, due...Read More
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak hit 18 months previously.Given that Mutanda is the world's largest cobalt mine and responsible for a fifth of global output in a market of only 135,000 tonnes per year, market reaction was muted. Congo domina...Read More
Iamgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa's AngloGold Ashanti (NYSE:AU), as the country reels from a coup, the second in less than ten years.The Toronto-based miner and its partner reached a US$105 million deal in December to sell their 82% combined stake (41% each) in the gold project to Australia's Allied Gold.The trans...Read More
AngloGold Ashanti (NYSE: AU) will have to keep trading shares in South Africa to conclude the sale of its last remaining assets in the country to rival Harmony Gold (NYSE: HMY), a government official said today.The company, which announced the sale of its remaining asset in its home country earlier this year for US$300 million, must also keep its headquarters in Johannesburg, the source from the D...Read More
Ontario's long-standing mining legacy, availability of geological data and established track record with mineral explorers, developers and producers, position it as a world-class destination for the industry. Below, we provide an overview of eight companies with assets in the province. Argonaut GoldAn aerial view of Argonaut Gold's Magino gold propery in Ontario, located 14 km southeast of Dubreu...Read More
David Daoud, vice president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Sh...Read More
YES! It's possible for YOU to become a millionaire on gold stocks.As I'm sure you've seen on the news, the price of gold is SOARING... turning what was already an amazing opportunity into a must-act-now, life-changing moment.How?It's all thanks to the expertise of renowned gold guru Gerardo Del Real.He's spent the last decade developing a one-of-a-kind system that pinpoints which gold stocks are...Read More
It'd been a while since I'd flown in a plane. To be honest, I didn't even like flying before the world went to shit. It's cramped, stressful, and it makes me nauseous. And now, of course, it's a little more dangerous with the pandemic. Unfortunately, though, some urgent family business called me out of state and I had to go. But now here's the good news: My flight experience was strangely com...Read More
How one man is pioneering a rice revolution with biogas Craig Jamieson (left) is a man on a mission - to develop a major bioeconomy in the rice growing regions of the world. His pioneering approach is centred on...Read full newsRead More
Emgold Mining Corporation announces that due to investor interestRead full newsRead More
VanGold Mining Corp is pleased to announce it has signed an optioRead full newsRead More
Energy Minister Alexander Novak noted that the oil market has come close to balancing itself, which is the goal of the OPEC+ deal on oil production cutsRead full newsRead More
Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that it expects to release a report on its clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test next week. This data will be used to support the Company's submissions to Health Canada and the FDA fo...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), has added additional revenue-generating retail channels to its platform - outpacing internal growth targets and meeting client demand for digital integration across the valuable "last-mile" of global retail.According to Venzee CEO John Abrams, "We completed our pivot to a partner-driven selling model in the fir...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce the Company has aligned with Vive Wireless, an Authorized Wireless Bell Dealer in Canada, to engage in multiple opportunities for the Uniden UV350 in conjunction with an initial purchase order from a leading Canadian construction company through Vive Wireless.Marc Seelenf...Read More
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's oil, two sources said, as Washington seeks to raise the heat on President Nicolas Maduro.Read full newsRead More
The current economic uncertainty is shooting up the prices of gold, which bodes well for gold mining stocks.Read full newsRead More
ASX-listed NRW Holdings (NWH), among the world's biggest contract mining and engineering groups, says it has at least A$2 billion of work on order to underwrite another year of growth in FY2021.Read More