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
UNH has almost caught up to its year-to-date breakeven point nowLeading the Dow's charge today is UnitedHealth Group Inc (NYSE:UNH), last seen up 10.2% to trade at $287.90. This in direct response to former Vice President Joe Biden's resounding victory yesterday in the Super Tuesday primaries. Biden has now picked up 453 delegates and political momentum to pass prior favorite Senator Bernie Sande...Read More
World Platinum Investment Council says that surplus will rise to 119,000 ounces in 2020.Read full newsRead More
The retailer posted fourth-quarter revenue that missed the mark Discount retailer Dollar Tree, Inc. (NASDAQ:DLTR) opened at a two-year low of $79.93 this morning, and was last seen down 1.3% at $80.76, after a mostly disappointing fourth-quarter earnings report. The company posted profits of $1.79, which exceeded analysts' estimates, but announced $6.32 billion in revenue, which missed analyst es...Read More
Former Vice President Joe Biden grabbed several big wins in last night's primariesDow Jones Industrial Average (DJI) futures are signaling an over 600 point surge going into today's trading, as Wall Street unpacks former Vice President Joe Biden's big wins on Super Tuesday, pulling ahead of Senator Bernie Sanders in the delegate count for the Democratic Primaries. This has the healthcare sector --...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed cannabis industry is pleased to announce that its portfolio company Cultivation Technologies, Inc. ("CTI") conducting business as Coachella Manufacturing, an award-winning cannabis extractor and manufacturer, has commenced production at its new facility in Palm De...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today the listing of the Company's shares on the Frankfurt Stock Exchange (FSE) under the symbol A23."The Frankfurt Stock Exchange is a highly recognized exchange, and we view this as being very beneficial to further creating shareholder value. Having a Frankfurt listing presence increases our exposure and...Read More
Past trends help us grapple with alarming pullbacks following all-time highsThe S&P 500 Index (SPX) fell into "correction territory" as coronavirus news unfolded last week. Correction territory is defined as a 10% pullback. Not only did the index pull back double-digits from an all-time high, it did so at alarming rate. In six trading days, the S&P 500 went from closing at an all-time high, to dow...Read More
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (Read full newsRead More
"The issue price and size of the offering will be determined by considering investment intentions expressed by institutional investors during the book-building process," Aura said, adding its shares would continue to trade on the TSX.It plans to use the proceeds to fund operating assets, for exploration and development and to reinforce its capital structure.Aura has the San Andres gold mine in Hon...Read More
The 88th edition of the global event saw registrations by 23,144 people, compared with 25,843 last year, and a record 30,369 attendees back in 2012.Several notable exhibitors took the last minute decision to cancel their attendance, such as McEwen Mining, which said: "Just as our company holds high safety standards, the well-being of our investors and mining colleagues remains a priority."Several...Read More
(IDEX Online) - De Beers has blamed coronavirus for a significant drop in sales of rough diamonds at its latest sight, held in Botswana last week. The provisional figure for Cycle 2 is $355m, down from $551m at January's sight (Cycle 1) and the lowest since Cycle 8 of last year. The company allowed a number of deferrals from sightholders, especially for smaller stones, under 1-carat, that wou...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company will raise some A$2.8-million in a share placement to sophisticated and professional investors to advance exploration work at its Lulo kimberlite project, in Angola.The company on Wednesday said that it would issue more than 25.8-million shares, at a price of 11c each, under its existing placement capacity.AdvertisementThe issue...Read More
(IDEX Online) - JCK Las Vegas, the biggest jewelry show in North America, is to go ahead as scheduled, say organizers.The announcement follows a series of cancelations in Hong Kong because of coronavirus, and the news last week that Baselword will not take place this year.JCK Las Vegas attracts over 30,000 of the world's most influential industry professionals, almost a quarter of them from o...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesIt said a previous gold-only result of 252m at 1.27g/t increased 18.9% to 1.51g/t gold-equivalent when silver and copper mineralisation were incorporated.Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFinancing risks can be managedSPONSOREDLong recognised as a threat to Chile's all-important copper mining industry, the challenge of supplying water to some of the driest locations on t...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe attack was believed to be by members of the Free Papua Organisation's military unit, the West Papua Liberation Army.It follows another reported fatal clash in late February.Artemis all set thanks to unique approachSPONSOREDartemis resourcesA spokesman for mine owner PT Freeport Indonesia (PT-FI) Riza Pratama told Associated Pre...Read More
The capital markets sessions are among the most popular events at the Prospectors and Developers Association of Canada's annual convention. For the fifth year in a row, investment bankers came together to discuss the main themes and key issues facing the mining industry - from raising capital to attracting back the generalist investor to the demands of ESG. Anthony Vaccaro, publisher of The Northe...Read More
The economics team at Bank of America has cut its 2020 global growth forecast to 2.8% "while also factoring in a mini recession.""Logistics and supply chains remain an issue, without normalisation, multipliers from fiscal/monetary stimulus would be low," Bank of America said in a March 3 research note.The outbreak of the coronavirus - now called Covid-19 - has had a "pronounced impact." For mined...Read More
Days after announcing a $110-million all-share acquisition of Balmoral Resources (TSX: BAR) to expand the Fenelon project in Quebec, Wallbridge Mining (TSX: WM) has released drill results from its portion of Fenelon, which expand the mineralized zones and suggest additional mineralization in the hangingwall.The high-grade portion of the Tabasco zone has now been traced over 500 metres of strike...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) new carbon emissions reduction targets have triggered heated criticism from some investors and environmental groups, with a group led by a Friends of the Earth's subsidiary tabling a shareholder motion to improve what it calls "weak" climate goals.The world's second-largest miner last week vowed to spend US$1 billion over the next five years to reduce its carbon f...Read More