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
Chile's Codelco, the world's No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April.Block-caving, originally planned for May, began at the end of March, the state-owned miner said in a statement. Ore is being initially extracted by truck before starting commercial pro...Read More
Chile's Codelco, the world's No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April.Block-caving, originally planned for May, began at the end of March, the state-owned miner said in a statement. Ore is being initially extracted by truck before starting commercial pro...Read More
Investing.com - Gold prices gained on Tuesday in Asia on the back of weaker-than-expected China PMI data for the month of April.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,285.75 per ounce by 1:30 AM ET (05:30 GMT).The official manufacturing PMI and the Caixin PMI for the April period both came lower than expected.Asian stock...Read More
Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of 40 ? per share - a 281% return from the junior's current share price of 11 ?."Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production, with the potential to produce ~ 100,000 oz. gold over the next few years," mining analyst...Read More
Avocet requested the suspension with immediate effect.The same thing happened last year, with the suspension lasting for two months after it also missed the deadline for publishing its 2017 accounts and holding an annual general meeting.Avocet explained it had not been able to complete the audit for the 2018 annual report due to ongoing discussions with Managold regarding the costs incurred as par...Read More
The official resurrection date of the historic mine was last Wednesday (April 24) when a 72,000-tonne cargo of high-grade haematite ore valued at more than US$8 million left aboard a bulk carrier forRead More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"Today's PEA demonstrates the La Mina VMS project is a high-return, capital efficient and...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsJCAP sent letters to the British Columbia Securities Commission and the US Securities and Exchange Commission alleging serious issues concerning misleading claims about the proposed project.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsUnder the terms of the earn-in agreement, Kennecott can acquire a 55% stake in the property by spending US$5 million on exploration within five years, including a minimum $1 million in the first year.Read More
Think about the last five years...Can you recall an unexpected event that led to financial stress? Maybe a health crisis, layoff, leaky roof, or unexpected car repair.You're not alone. Approximately two-thirds of U.S. households experience an unexpected event that negatively impacts their financial wellbeing, according to Pew research.So it's no wonder the most common cause of money stress is the...Read More
Another year, another doubling of resources: since launching a drill campaign on the Cascabel project in northern Ecuador in 2013, SolGold (TSX: SOLG; LON: SOLG) has steadily converted hints of copper-gold mineralization at surface into 2.1 billion indicated tonnes grading 0.41% copper and 0.29 gram gold per tonne, or 0.60% copper equivalent (at a 0.2% copper-equivalent cut-off), plus 900 million...Read More
Eskay Creek in British Columbia's Golden Triangle was at one time the world's highest-grade gold mine before Barrick Gold (TSX: ABX; NYSE: GOLD) finally shut it down in 2008 due to low gold prices. The underground mine produced 3.3 million oz. gold and 160 million oz. silver at average grades of 45 grams gold per tonne and 2,224 grams silver over its 14-year mine life.Now Skeena Resources (TSXV: S...Read More
One of the largest gold mining companies in the world has taken a shine to Chakana Copper (TSXV: PERU; US-OTC: CHKKF) and its Soledad project in Peru. Gold Fields (NYSE: GFI) is spending $8 million to buy 15.69 million Chakana shares at 51 ? per share for a 16.14% stake in the junior.The proceeds will be used to advance exploration and development of the Soledad copper-gold-silver project, 260 km...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsI think I may have mentioned previously that I was late coming to Game of Thrones.Read More
JCAP sent letters to the British Columbia Securities Commission and the US Securities and Exchange Commission alleging serious issues concerning misleading claims about the proposed project.Read More
James Allen, the etail-jeweler, will be offering laboratory grown diamonds (LGDs) to consumer. James Allen is the first created company in the Signet group to do so. Following this news, social media channels were buzzing with comments, condemnations as well as praise. Oded Edelman, President of James Allen, a firm that has been owned by Signet Jewelers since 2017, said that the sale of LGDs is a...Read More
I knew it was a winner the first time I saw it.A technology that hides in the screens you interact with every day... TVs, monitors, displays, billboards, advertisements...Scanning faces, using machine learning, artificial intelligence, and proprietary algorithms to determine age, emotion... and danger.We've been promised truly futuristic technology for some time.And it's finally here. True Jetsons...Read More
The announcement came issuing at 2 p.m. EST.As roundly expected... Jerome Powell and his fellows sat idly upon their hands.The fed funds rate remains chained in place, at 2.50%.Mr. Powell, by way of explanation:We think our policy stance is appropriate at the moment and we don't see a strong case for moving in either direction. We say in our statement of longer-run goals and monetary policy strate...Read More
China and India-two of the world's largest oil importers and the biggest demand growth centers globally-are close to setting up an oil buyers' club to have a say in the pricing and sourcing of crude oil.Read full newsRead More
Alphabet weighed heavy on the tech sector todayU.S. stocks closed mostly higher in today's trading, with the Dow gaining on post-earnings lifts from big-cap pharma firms Pfizer (PFE) and Merck (MRK). The S&P 500 also managed a win, settling at a new record close. On the flip side, tech stocks sank as Alphabet (GOOGL) led the Nasdaq lower on the Google parent's disappointing first-quarter revenue r...Read More