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
DPZ shares are set for a sharp pullback The shares of Domino's Pizza, Inc. (NYSE:DPZ) are trading down 6.6% before the opening bell after the company reported weak second-quarter revenue and same-store sales. If the price action holds, this would put DPZ near the $253 area, right near the year-to-date breakeven level. The move would have them far south of a recent consolidation pattern, and below...Read More
Goldman Sachs stock is higher after earnings Dow Jones Industrial Average (DJI) futures are inching higher, setting the index up for another round of all-time highs, as traders cheer earnings from Goldman Sachs (GS). On the other hand, fellow blue chips Johnson & Johnson (JNJ)and JPMorgan Chase (JPM) are pointed lower after earnings. Elsewhere, President Donald Trump responded to comments from bil...Read More
Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) announced its first major US purchase order today.The contract (valued at over $925,000) is for a single end-use customer to equip their fleet of yellow school buses. In general, Siyata's target market has been addressing the emergency response sector of the public safety industry-especially after the UV350 was announced as the only in-vehicle PTT comm...Read More
Plant-based meat could be more profitable than its traditional counterpart.Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has received its first US purchase order for its 4G/LTE Uniden (R) UV350 in-vehicle device. The order is for a single end-use customer to equip their fleet of yellow school buses, as part of a contract valued at over $925,000.Marc Seelenfreund, CEO of Siyata Mobile states, "W...Read More
James Hyerczyk18 hours ago (Jul 15, 2019 6:43 AM GMT)Gold rallied last week, but the price action was disappointing, given the magnitude of the news driving the movement in the other markets. The key news event last week was Federal Reserve Chairman Jerome Powell’s testimony before Congress at which he finally acknowledged the economy was weakening enough for Fed policymakers to consider a...Read More
The Northern Miner has compiled a list of the top-10 base metal and uranium juniors - with no production, and which are not a royalty company - headquartered in Canada, arranged by market capitalization as of early July. 1. IVANHOE MINES$4.5B market capRobert Friedland's Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) sits atop the top-10 list for the third year in a row, and up $2.5 billion in market ca...Read More
The 55¢ financing consists of a share and half a warrant exercisable at 85¢ for three years, with the proceeds to be used for exploration and development activities. AngloGold currently owns 14.3% of Pure Gold's stock.The company is advancing its Madsen gold project in Red Lake, Ontario, Canada, on which it completed feasibility study in February to produce 80,000 ounces a year over a 12...Read More
With more than $5.Read More
The State of Play: Delivering strategy and innovation report by VCI analysed 399 of the world's largest mining and services companies, including Rio Tinto, BHP and OZ Minerals.Read More
The Canadian Mineral Industry Federation, which comprises more than 20 associations, said the country's mines ministers "must be bold" to attract greater investment and enhance competitiveness.The CMIF proposed a series of recommendations, including conducting a strategic review of Canada's tax regime to boost its investment attractiveness, to coincide with the 76th annual Energy and Mines Ministe...Read More
Earlier this week, a number of leading Indian diamond manufacturers sent an urgent letter to the Gem & Jewellery Export Promotion Council of India (GJEPC), arguing that the "credibility of the gems and jewelry industry is going down in the eyes of the government and general public at large," requesting the GJPEC to do damage control. "It is well known fact that the industry is going through s...Read More
Alrosa of Russia, the world's leading diamond producing nation, and state-owned Zimbabwe Consolidated Diamond Company (ZCDC), reached agreement to develop diamond deposits in Zimbabwe. The agreement was signed by ALROSA Deputy CEO Vladimir Marchenko and ZCDC Non-Executive Board Chairman Killian Ukama. Emmerson Mnangagwa, President of the Republic of Zimbabwe, and Alrosa CEO Sergey Ivanov att...Read More
Stornoway Diamond reported that the average price per carat paid fell 9 percent during the second quarter. The company realized an average price per carat of $76, compared to $83 during the same period in 2018. On the other hand, the number of carats sold the Quebec diamond miner sold found buyers was 7 percent higher, reaching 460,832 carats. Stornoway President and CEO Patrick Godin said demand...Read More
Lucapa Diamond Company Limited, the diamond firm with mining interests in Angola, Botswana, Lesotho and Australia reported on its quarterly activities report for the period that ended 30 June 2019. It said that the arrival of a new mining vehicles at the f Lulo mine in Angola and a the accessing of higher-grade mining areas at the Mothae mine in Lesotho would make 2019 a successful and profitable...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company said in February challenging ground conditions required some "potentially significant" changes to the design and schedule of the $5.3 billion development.Read More
My summer is in full swing.South swells are rolling through the ocean...The California sun is shining in all its glory...The water temps are balmy (at least for the Pacific)...And there's enough daylight to put in a full day of work and still surf for hours on end.Of course, there are still plenty of things that can ruin my best-laid plans.The wrong tide... onshore winds... simply too many people...Read More
Canadian gold and silver juniors are leading project advancement at home and abroad, as precious metals exploration and development enjoy boom times again. The following are the top-10, Canadian-headquartered precious metals companies that are developing projects but not yet in commercial production, ranked according to market capitalization in early July. Royalty and streaming companies are not i...Read More
More than two-thirds (69%) of respondents told Mining Journal companies are not transparent about the risks to capital when they present to investors.Read More
Combrinck will use his 15 years of industry experience to develop new distribution partnerships in southern Africa. "My main aim is to grow our market share here, and develop it into a leading sector for BI," he said.BI is a distributor of bearings and power transmission products in southern Africa. Read More