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
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has agreed to terms with Queen's Road Capital Investment Ltd. ("QRC") (TSXV: QRC) for a US$6 million private placement of unsecured convertible debentures (the "Debentures"). The Debentures will be convertible at the holder's option at a conversion price of C$0.88 into approximately 9.1 million common...Read More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce that its DermSafe (R) Hand Sanitizing Lotion has received the "Seal of Approval" from the Dermatology Review Panel?,,? ("DRP"). DRP is a panel of Canadian dermatologists that provide an independent review of scientific data for non-prescription products in order to authenticate a product's claims....Read More
Vancouver, BC, Canada, July 23, 2020 - LEAF Mobile Inc. (TSX.V:LEAF), a leading creator and publisher of counter-culture mobile games, today announced a 5 year worldwide exclusive partnership with B Real of Cypress Hill for the development of his first featured mobile game. The game will feature B Real's likeness, voice, music, and creative influences throughout his career. This is B Real's firs...Read More
(Bloomberg) -- Elon Musk has a plea for mining companies: "Please mine more nickel.""Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," said Musk, chief executive officer of the electric-carmaker, during a second-quarterRead full newsRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco will have the first option on Enami's stake but it is likely to face competing bids from other companies, including BHP, according to a Mining and Energy Ministry source, reported BNAmericas.Ecuador's finances have been hard hit by both the drop in the price of oil, its main export, and the economic impacts of the COVID-19...Read More
The Northern Miner presents the top-10, U.S.-based mid-tier to junior companies, excluding coal and precious metals, by market capitalization, as of July 24, 2020.1. Compass MineralsMarket cap: US$1.8 billionCompass Minerals (NYSE: CMP) produces plant nutrients, salts and magnesium chloride for applications in industrial, agricultural, commercial and consumer markets, primarily in North America...Read More
Share this articleTeck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut down operations and halt construction at some sites.All mines are now producing, and the company has issued an updated guidance a...Read More
(IDEX Online) - Botswana must avoid all involvement with "synthetic diamonds" to protect its most valuable natural resource, said a government minister.Mmetla Masire told a parliamentary committee that engaging in their production or sale would compromise the value of its mined gems.Botswana is the world's second biggest diamond producing nation after Russia, and diamonds account for 70 per c...Read More
(IDEX Online) - The charity Jewelers for Children is holding a virtual version of its annual Rings of Strength event to support kids in need. Organizers hope participants will notch up a total of 6,000,000 steps - by walking, running, cycling or even lawn-mowing a 5k - during the upcoming virtual JCK Show (August 11 - 14). The usual format has been revised because of COVID-1...Read More
(IDEX Online) - Alrosa says it will offer buyers "unprecedented" flexibility by halving their accumulated obligations to buy its diamonds.The company has been allowing increased deferrals since April and says that as a result volumes allocated for the second half of 2020 are nearly a third up on historical levels."Having considered the situation, Alrosa decided to reduce by 50 percent on average (...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Section 404 permit, governed by the Clean Water Act, is to be issued shortly by the US Army Corp of Engineers (USACE). Development of the road will unlock the economic potential of the region by improving access.Trilogy is a partner in Ambler Metals together with South32, which will develop the Arctic copper deposit.Artemis all...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSpeaking on a conference call this week to explain the copper leader's surprise June-quarter profit, Adkerson said Freeport had gone into the pandemic leaner and argbuably more nimble, butRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSpeaking with Rick Rule from his home in Singapore on the first day of the 2020 Sprott Natural Resource Symposium, Friedland said mining was being looked at with a new lens financially, socially andRead More
Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesNew Energy Minerals and PepinNini Minerals are examples of junior mining companies coming unstuck after abandoning p...Read More
Monarch Gold (TSX: MQR) has reported high-grade drill results from the central part of its wholly-owned McKenzie Break gold project, 35 km north of Val-d'Or, Quebec.Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting from 301 metres downhole, including 0.5 metre grading 311 grams gold, 1 metre grading 25.4 grams gold,...Read More
Teck Resources (TSX: TECK.B; NYSE: TECK), Canada's largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six months due to Covid-19.Delivering results for the second-quarter, in which Teck recorded a $149-million loss, the Vancouver-based miner said all its mines across Canada, the United States, Chile and Peru had continued operating.Co...Read More
Four drill rigs at Roxgold's TSX: ROXG; US-OTC: ROGFF) Sequela gold project in Cote d'Ivoire continue to return high-grade results at both Ancien and Antenna North, the company reports.Assay highlights from Ancien, which lies within 6 km of the project's Antenna deposit, came from drill hole SGRD732, which returned 14 metres grading 13.3 grams gold per tonne from 71 metres, including 4 metres of 2...Read More
First Cobalt (TSXV: FCC) is moving directly into an expansion scenario for its permitted cobalt refinery in Ontario after conducting a detailed engineering study on the facility.The company said on July 22 that the plan could save millions of dollars by lowering operating costs through pilot plant work at third-party facilities. Financing discussions for the project are now entering the next phase...Read More
One simple word could change the entire world of cannabis investing...Allow me to explain. You see, the main hurdle keeping cannabis from becoming one of the United States' biggest cash crops is the federal government. Currently, the government considers cannabis a Schedule 1 drug, which means even if states legalize it, the government can still swoop in and shut businesses down. They have done so...Read More
Toronto, Ontario, Jul 21, 2020 (Newsfile Corp via COMTEX) --Toronto, Ontario--(Newsfile Corp. - July 21, 2020) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG)...Read full newsRead More