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
TXMD has closed flat or higher for the past five sessionsPharmaceutical name TherapeuticsMD Inc (NASDAQ:TXMD) is up 2.2% at $3.29, after the company shared that it has entered an agreement to commercialize its two women's menopausal drugs, Bijuva and Imvexxy, outside the U.S. The deal will bring in ?,?14 million up front, and another ?,?29.5 million following sales, met milestones, and royalties....Read More
Traders are reacting to another weak jobs report Stocks could be set for a rocky open, with all eyes on the May jobs report. The Labor Department's numbers showed nonfarm payrolls increased by just 75,000 last month, 100,000 fewer than expected, while the growth in wage gains was also weak. This follows a disappointing ADP jobs data from Wednesday, and will stir more chatter about a potential rate...Read More
Falling Treasury bond yields have injected optimism into the gold market.Read full newsRead More
West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said.But attracting buyers won't be easy for the company that has just one producing asset in Senegal and is targeting a valuation of up to $300 million, the sources added.T...Read More
West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said.But attracting buyers won't be easy for the company that has just one producing asset in Senegal and is targeting a valuation of up to $300 million, the sources added.T...Read More
Sweden's Deputy Minister of Foreign Trade and Promotion Niklas Johansson said this week that his country is interested in helping Peru develop its lithium mining industry.According to Johansson, Sweden has become lithium-thirsty due to an increase in demand for electric cars, bolstered by government efforts to reduce carbon emissions and promote clean energy solutions.EVs' batteries have an interc...Read More
Sweden's Deputy Minister of Foreign Trade and Promotion Niklas Johansson said this week that his country is interested in helping Peru develop its lithium mining industry.According to Johansson, Sweden has become lithium-thirsty due to an increase in demand for electric cars, bolstered by government efforts to reduce carbon emissions and promote clean energy solutions.EVs' batteries have an interc...Read More
In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by outflows in North America and Asia.According to the market development organization, May results together with those of February and April have caused...Read More
In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by outflows in North America and Asia.According to the market development organization, May results together with those of February and April have caused...Read More
In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by outflows in North America and Asia.According to the market development organization, May results together with those of February and April have caused...Read More
Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle's Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.In a media statement, both parties said that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the...Read More
Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle's Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.In a media statement, both parties said that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the...Read More
Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle's Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.In a media statement, both parties said that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the...Read More
Warning! GuruFocus has detected 3 Warning Signs with CDE.Coeur Mining Inc. (CDE) is strongly positioned to benefit from this trend for several reasons.First, Senior Vice President and Chief Financial Officer Thomas S. Whelan purchased 25,000 ordinary shares of the company for an average price ofRead full newsRead More
Under the new guidelines, mining companies will be able to ask OSC to review their disclosure before they file a prospectus.The OSC said this week mining companies would be able to ask the regulator to review their disclosure before they filed a prospectus, which should enable firms to identify and rectify any issues that could prevent regulatory approval quicker."This initiative will provide grea...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsFreeport will earn up to 75% in the 462sq.km Wild Horse project that contains a distinct aerial magnetic anomaly located on the western edge of a magnetic granite pluton, about 80km south of Adelaide. Altech ticks boxes on path to production SPONSOREDaltech chemicalsTerramin says the Wild Horse anomaly exhibits a "classic Weste...Read More
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs. Here is a look at eight uranium-focused companies that are active in 2019.ALX URANIUMBased in Vancouver and led by CEO and chairman Warren Stanyer, ALX Uranium (TSXV: AL; US-OTC: ALXEF) is the product of the merger between Alpha Explorat...Read More
Alluvial diamond mining equipment manufacturer PCF Engineering has completed a multimillion-rand project for a client active in the Tshikapa diamond field in the Democratic Republic of Congo, for the manufacture and supply of a variety of equipment.PCF Engineering supplied gravel pumps, classifiers, duplex jigs, air compressors, pipes, couplings and nozzles to the client that is currently mining i...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipLithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedWith its environmental impact assessment approved, the holes will allow Camino to expand drilling along the Diva Trend with work expected to commence in the s...Read More
Aim-listed BlueRock Diamonds has recovered its largest diamond to date, a 24.98 ct gem-quality diamond.This diamond, which was recovered from its Kareevlei diamond mine, near Kimberley, in South Africa’s Northern Cape, would shortly be put to tender.AdvertisementThe largest diamond recovered prior to this weighed 16.28 ct and sold for $78 947.“Th[e] recovery of such a high-quality diam...Read More