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
Diamond drill core from the Sunday Lake platinum-palladium project in northern Ontario. Source: Transition Metals Corp.Transition Metals Corp. [XTM-TSXV; TNTMF-OTC] shares rallied sharply Monday April 29 after the company said it has received assay results from a previously disclosed drill program conducted by North American Palladium Ltd. [PDL-TSX; PALDF-OTC] on the Sunday Lake platinum-palladium...Read More
The Aurora Gold Mine in northwest Guyana. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; GUYFF-OTC] said Monday April 29 that it has reached a settlement with a group requisitioning shareholders that includes the company's former CEO Patrick Sheridan.The company also said it will implement a succession plan for the CEO position within the next six months. Meanwhile, Scott Caldwell...Read More
Barrian Mining's (TSXV:BARI) much anticipated launch has commenced today. As announced on April 24, 2019, the IPO raised aggregate proceeds of $2,672,400 As per their news release: Barrian is currently finalizing 2019 exploration plans at its flagship Bolo Gold Property which will include surface geochemical sampling and mapping, geophysics, and drilling. The Company will provide additional news...Read More
STOCKHOLM – The opaque diamond trade may be ripe for disruption.Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.AdvertisementThe service allows Lucara to match buyers’ requirements, not only saving jewelers the trouble of...Read More
Look beyond market approach to project valuations: van ZylLeadershipWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftSpeaking in the 'capital markets and key trends in mining' panel, Urquiaga said a...Read More
Eastern promise for PolarXSPONSOREDpolarxUnder the agreement, Gold Fields has the right to set up a technical advisory panel to review and provide input on Chakana's exploration programme, a pre-emptive right to participate in any future proposed equity offering to maintain its pro-rata interest, and the right to increase its equity position to match that of another mining company in a future equi...Read More
Although baseball is America's favorite pastime, a close second could be shopping. The average American spends around $161 per month on clothes and accessories, according to CreditDonkey.com. Women spend nearly 76% more than men do per year, and the average family of four spends around $1,800 per year on clothes, with $388 spent on shoes. Buying clothes is a necessary evil but an expensive hobby....Read More
In this gutsy speech first recorded at The Northern Miner's Progressive Mine Forum in late 2017, Iamgold (TSX: IMG; NYSE: IAG) president and CEO Steve Letwin speaks about the need to be ever-vigilant with regards to cost control and innovation when running a business - and what calamities can happen if you're not.This is an encore broadcast of Steve's keynote in honour of his upcoming appearance a...Read More
The following is an edited transcript of a portion of a podcast interview with James Gallagher, president and CEO of North American Palladium (TSX: PDL; US-OTC: PALDF). Gallagher discusses the supply and demand fundamentals of the palladium market, and why palladium won't likely suffer much substitution by platinum in the critical global autocatalyst market.Gallagher joined North American Palladiu...Read More
Drilling at the Antenna target on Premier Gold Mines' (TSX: PG) McCoy-Cove project in Nevada has returned a 119-metre intercept grading 4.12 grams gold per tonne.Drill hole 19-03R started from 607 metres downhole and includes a 34-metre interval of 5.96 grams gold starting from 692 metres downhole, and a 12-metre intercept of 8.08 grams gold from 703 metres downhole.Premier plans to twin the rever...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 lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftBut whether Mackenzie could, or would, give a direct answer is unlikely be...Read More
By now you’ve heard that the U.S. economy expanded at an annualized rate of 3.2% in the first quarter of 2019. That was reported by the Commerce Department last Friday morning.That strong growth coming on top of 4.2% in Q2 2018 and 3.4% in Q3 2018 means that in the past twelve months, the U.S. economy has expanded at about a 3.25% annualized rate. That’s a full point higher than the av...Read More
"Deep down, he’s shallow," said critic Peter DeVries of one author, famously revered.Today we submit the case that Friday's GDP report - grand, gaudy and garish - is deeply shallow beneath the scintillated surface.That is, the deeper numbers tell a tale 180 degrees out of joint with appearance.And private-sector growth may actually peg along at the crawlingest rate in six years.Let us now pe...Read More
Diamond miner Alrosa on Monday said the revenue from the sale of special size diamonds at an auction in Vladivostok, exceeded $9.65-million.The auction took place from April 8 to 19, with 105 diamonds with a combined weight of 2 481.9 ct put on offer and 2 030.32 ct sold.AdvertisementOwing to the “decent results” from the auction, Alrosa executive committee member Evgeny Agur...Read More
Millrock Resources just received a strategic investment at a 100% premium to the market. Despite that, the shares trade near the same levels where they traded before the deal. The best way to make money in this space is by using these tough markets to add quality names at bargain prices. Millrock is another one of those names.Here's my interview with Millrock CEO Greg Beischer.To your wealth,Gerar...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
An ominous trend, indicating US consumers are in far worse shape than assumed by conventional wisdom, has re-emerged.Read full newsRead More
The opaque diamond trade may be ripe for disruption.Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.The service allows Lucara to match buyers' requirements, not only saving jewelers the trouble of traveling to Botswana but also endin...Read More
The opaque diamond trade may be ripe for disruption.Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.The service allows Lucara to match buyers' requirements, not only saving jewelers the trouble of traveling to Botswana but also endin...Read More
China's Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits.The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association sai...Read More