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
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can beRead full newsRead More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
High-profile investments by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in two new Nunavut gold operations will drastically alter the company's production profile with the onset of commercial production later this year. However, perhaps lost in the excitement is that its core operations in Quebec - La Ronde, Canadian Malartic and Goldex - are also expected to expand. Help on the regulatory front from...Read More
It comes after the company's A$5 million initial public offering closed oversubscribed in late March. The stock closed at its session high of A23.5c, a 17.5% premium to the 20c issue price.Read More
ALROSA TECHNOLOGY, the diamond science and technology firm that is jointly owned by ALROSA and the Technological Institute for Superhard and Novel Carbon Materials (FSBI TISNCM) of Russia, will present its new-generation ALROSA Diamond Inspector for the screening and identification of natural diamonds, treated diamonds, laboratory-grown diamonds (LGDs) and simulants at the Fifth Mediterranean Gemm...Read More
Russia's Alrosa, the world's leading diamond miner in volume, continues to sell off assets in 2019, with the purpose to improve its financial performance and to focus on the company's core diamond mining business. In 2018, ALROSA sold its gas assets, the Geotransgaz and Urengoy gas companies, and more than 250 properties that included real estate, in-progress construction projects, as we...Read More
Pandora, the renowned Danish fashion jewelry manufacturer and retailer, is pushing forward with its plans and program to "Reignite a Passion for Pandora." Under its new CEO and President, Alexander Lacik, and the new CFO Anders Boyer, the firm is progressing with NOW - the firm's business transformation program that "has comprehensive impact on the organisation, operations and culture." "As a foun...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsFunding under the KfW IPEX facility will follow repayment of the company's existing Red Kite Mine Finance senior debt facility, in effect replacing the Red Kite debt to reduce debt service costs,Read More
I know it seems like I'm picking on Senator Elizabeth Warren lately, but that's not my intention. Rest assured, I dislike the vast majority of politicians just as much. It just so happens that, in a runup to the 2020 election, it seems like Warren is trying to make big headline splashes by taking on populist whipping boys like the student loan crisis and, more generally, big banks.Meanwhile, I wan...Read More
Since majority shareholder Brookfield Asset Management (TSX: BAM.A; NYSE: BAM) tapped Jim Gallagher to become president and CEO of North American Palladium (TSX: PDL; US-OTC: PALDF) in August 2015, the street-savvy mining engineer has shepherded the company away from the precipice of bankruptcy, laid to rest NAP's debt, and put the palladium producer solidly in the black, with enough free cash flo...Read More
One of Ecuador's largest private conglomerates - with investments in everything from deepwater ports to real estate and agriculture - has chosen Adventus Zinc (TSXV: ADZN; US-OTC: ADVZF) and its Curipamba polymetallic project as its first investment in the country's mining sector."They are a highly respected business group who have a keen eye for value and growth across many sectors," says Christ...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsTwo confirmed moves by Wesfarmers, which is best known for its retailing operation...Read More
JOHANNESBURG (miningweekly.com) – Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries.While financially a $3.2-billion acquisition, operationally the transaction is a combination of two compl...Read More
China said it would still carry on with trade talks next week, despite Trump's earlier tweetsThe Dow won back most of its earlier losses, ending only 66 points below breakeven after this morning's dramatic 471-point drop. The index was mostly bolstered by reports that China would still be traveling to the U.S. next week to continue trade talks, despite President Donald Trump's inflammatory tweets...Read More
Global car market is at a crossroads. Image courtesy of Velovotee, Creative Commons.Battery metals tracker Adamas Intelligence says that in March 2019, battery capacity deployed worldwide in battery electric cars (including hybrids) nearly doubled from the same month last year.The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries,...Read More
BorgWarner is down 1.5% this afternoon on tariff headwindsGlobal trade tensions have markets moving significantly lower at midday, while the stock market's "fear gauge," or Volatility Index (VIX), is at multi-month highs. Also making noise today is natural gas name Midstates Petroleum Company Inc (NYSE:MPO), medical research firm Athenex Inc (NASDAQ:ATNX), and automotive parts supplier BorgWarner...Read More
The country's highest awards for science were awarded by the Rt. Hon. Julie Payette, Governor General of Canada, the Hon. Kirsty Duncan, Minister of Science and Sport, and Dr. Digvir S. Jayas, interim president of the Natural Sciences and Engineering Research Council of Canada (NSERC) at Rideau Hall on May 6, 2019. Twenty-eight of Canada's top scientists and seven industry partners were honoured.T...Read More