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
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingIt is the latest development in a plus-10 year approvals process for the initial 20-year pro...Read More
I love tests. Always have. The way I see it, they're a challenge — an opportunity to prove what you know — and also find out what you don't know.I recently told my 11-year-old daughter the same thing when she was complaining about school.And then she turned around and did something really awesome - she made me a math test as a present for my recent birthday. She searched the Internet a...Read More
Argentina has three nuclear reactors and plans for more, yet the country has no domestic uranium production. Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) hopes to fill that void."They import uranium from Kazakhstan and Canada, so having a domestic source would be a preference, and they're potentially our first customer," Nikolaos Cacos, the company's president and CEO, tells The Northern Miner.The...Read More
Osisko Mining (TSX: OSK) has found a new and shallow gold zone 350 metres north of the main deposit at its Windfall property in Quebec, one of the highest grade resource-stage gold projects in Canada.The mineralization occurs between a depth of 50 metres and 275 metres, and is open at depth and along strike.Highlights include 393 grams gold per tonne over 2 metres starting from 100 metres downhole...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingIt is no doubt for the best that I was not cut out for politics.Read More
PERTH (miningweekly.com) - Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho.The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems.AdvertisementMD Stephen Wetherall said on Wednesday that the latest tender results cont...Read More
"Sit down before fact like a little child," Thomas Huxley instructed, and "follow humbly wherever and to whatever abyss Nature leads…"Today we sit down before facts, childlike... and follow humbly wherever and to whatever abyss they lead.But what if the facts lead straight to the abyss of recession?Facts 1: April orders for core nondefense capital goods slipped 0.9%.Facts 2: April orders for...Read More
Cannabis stocks as a group have come off a bit as the good buds are being separated from the sticks and seeds (move over wheat and chaff).Tilray (NASDAQ: TLRY), for example, is down from its peak at $300 last fall to $40 today.Other descents have not been as pronounced. And high-quality companies have held their ground relatively well. I'm thinking of names like Hexo (NYSE: HEXO).Some thoughts...F...Read More
Gold will break free from $1270-$1298 range and form a new range anytime soon. Silver needs to trade over $1419 to be in long term bullish zone. Crude oil needs to trade over $57.00 to rise to $63.00 this week. Apprehensions that an all out global trade war will reduce demand for crude oil has resulted in the fall. Crude oil is just a speculative play. Supply pressures from Venezuela, Iran and L...Read More
Gold will break free from $1270-$1298 range and form a new range anytime soon. Silver needs to trade over $1419 to be in long term bullish zone. Crude oil needs to trade over $57.00 to rise to $63.00 this week. Apprehensions that an all out global trade war will reduce demand for crude oil has resulted in the fall. Crude oil is just a speculative play. Supply pressures from Venezuela, Iran and L...Read More
A loan of $100,000 helps coffee farmers in Uganda double their income by keeping ownership of their coffee along the value chain.Read full newsRead More
A loan of $100,000 helps coffee farmers in Uganda double their income by keeping ownership of their coffee along the value chain.Read full newsRead More
Authorities from Mexico's Zacatecas state hope to mediate an agreement to end a two-month blockade at the Penasquito gold mine between mining firm Newmont Goldcorp Corp and villagers in San Juan de Cedros.The dispute at Penasquito, Mexico's largest gold and silver mine, has led to losses for public coffers and the firm, as well as lost pay for workers and contractors."Our priority is that the mine...Read More
Authorities from Mexico's Zacatecas state hope to mediate an agreement to end a two-month blockade at the Penasquito gold mine between mining firm Newmont Goldcorp Corp and villagers in San Juan de Cedros.The dispute at Penasquito, Mexico's largest gold and silver mine, has led to losses for public coffers and the firm, as well as lost pay for workers and contractors."Our priority is that the mine...Read More
Trump said the U.S. is "not ready" for a deal with ChinaAll three stock market indexes ended the day lower, erasing early gains amid re-emerging concerns about a lengthy U.S.-China trade spat. Despite recently speculating that the trade war could come to a swift conclusion, President Donald Trump over the weekend said the U.S. is "not ready" to make a trade deal, and hinted at even more tariff hik...Read More
Volkswagen AG is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one of its supply deals, with Samsung SDI Co. Ltd., might unravel, according to people familiar with the matter.Samsung initially agreed to deliver batteries for just over 20 gigawatt hours, enough to power 200,000 cars with 100 kilowatt hour packs, before different views on prod...Read More
Adamera Minerals Corp. (TSXV:ADZ; OTC:DDNFF) announces the Washington State Department of Natural Resources (DNR) has granted approval of an additional 16 drill holes on the Lamefoot South property in Northeast Washington State. The 16 new drill holes increase the total number of permitted holes to 27 on this project.Read full newsRead More
Soliton's tattoo removal device got the FDA green lightBlue chip Visa (V) is outperforming on the Dow today, while investors continue to digest President Donald Trump's trade comments. Three other stocks making moves this afternoon are Texas-based Soliton Inc (NASDAQ:SOLY), commodity name United States Steel Corporation (NYSE:X), and streaming concern Roku Inc (NASDAQ:ROKU). Below, we will dive in...Read More
UBER and ZNGA are also seeing unusual options trading todayAs we highlighted in our Midday Market Check newsletter, semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD) is surging today, last seen up 12.1% at $29.63, as investors react bullishly to the company's new line of Ryzen CPUs. Call volume is running in the 96th annual percentile thanks to heavy attention for the weekly 5/31 serie...Read More
Shares of Nighthawk Gold (TSX: NHK) soared 21% to 44 ? in mid-morning trading following news of drill results at the junior's Colomac project in the Northwest Territories. The company has a C$76.5 million market capitalization.The first assay results from its 2019 drill program returned 56 metres of 13.49 grams gold per tonne, including 31 metres of 22.12 grams gold from 238 metres downhole in C19...Read More