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
Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC).The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was found in levels above the acceptable limit for export.Katanga said on Monday it produced a...Read More
Multi-commodity developer Savannah Resources (AIM:SAV) will become the sole owner of Mina do Barroso lithium project in Portugal through an all-share offer worth $11.9 million.The London, England-based company, which already owns 75% of the asset, said full ownership would "provide greater exposure" for its shareholders to the project as it's developed and commercialized.Mina do Barroso mine cou...Read More
Fission Uranium (TSX: FCU) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net present...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
Large speculators have an extreme net short position as the VIX tests 2018's floor"It's hedge funds, who have stubbornly refused to embrace stocks even as global equities added $10 trillion in value over the last three months. At the end of March, their net exposure as measured by the ratio of bullish bets to bearish ones stood near the lowest level in more than a year, client data compiled by JPM...Read More
Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More
Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More
Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More
American Manganese (TSX.V: AMY) is seeing the payoff of its efforts to develop a technology capable of recycling cathode material and generating products for lithium-ion batteries that are as close to the final form as possible.This week, the Surrey, British Columbia-based company announced that independent lab Kemetco ran a series of tests and the results showed that AMY's pilot plant was able to...Read More
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or s...Read full newsRead More
Gold giant Newmont Mining's (NYSE:NEM) $10 billion acquisition of Canada's Goldcorp (TSX:G) is expected to close this week as the deal has received Investment Canada Act approval.Last week, almost 98%of Newmont's shareholders approved the deal, which creates the world's largest gold producer by market value, output and reserves, and robs Barrick of its recently cemented supremacy. Earlier this mo...Read More
Gold giant Newmont Mining's (NYSE:NEM) $10 billion acquisition of Canada's Goldcorp (TSX:G) is expected to close this week as the deal has received Investment Canada Act approval.Last week, almost 98%of Newmont's shareholders approved the deal, which creates the world's largest gold producer by market value, output and reserves, and robs Barrick of its recently cemented supremacy. Earlier this mo...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, will invest a further $302 million to advance its Resolution copper project, in the U.S. state of Arizona, as part of its drive to increase its exposure to the red metal, used in everything from electric vehicles to batteries.The extra financing brings the total injected by Rio, which owns a 55% interest in the project, and its Resolution...Read More
Comes with a cliffside hot tub and views of the Pacific OceanRead full newsRead More
Vancouver, BC - Norra Metals Corp. (TSX-V:NORA) (the "Company" or "Norra") is pleased to announce that it has submitted four recently completed, NI 43-101 technical reports on its newly acquired Scandinavian properties to the TSX.V and has now filed those reports on SEDAR.The four Scandinavian projects; Bastutr??sk in Sweden, and the three Norwegian properties; Bleikvassli, Mer??ker and Sagvoll...Read More
MAS Gold (TSXV: MAS) has completed a 3,500-metre drill program in Saskatchewan, targeting the Point gold prospect on its Preview Lake property and the North Lake gold prospect on its North Lake property. Point sits 60 km northeast of La Ronge, Sask., and North Lake is 5 km northeast of Point."It has been in a bit of a slowdown for a number of years, because our joint-venture partner went through r...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt hit 626m at 0.62g/t gold and 0.11% copper from surface at Gran Bestia, which lies 1km no...Read More
Poli is executive chairman of ASX-listed Matsa Resources, a gold junior that has flown under the radar in recent years as it beavered away at the historic Lake Carey project in Western Australia'sRead More
Yamana Gold's copper-gold Chapada Mine in Brazil which Lundin Mining is acquiring. Source Yamana Gold Inc.Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] said Monday April 15 that it has struck a deal to acquire Yamana Gold Inc.'s [YRI-TSX; AUY-NYSE] 100% interest in the Chapada copper-gold mine in Brazil for US$800 million.Under the definitive purchase agreement, Yamana will retain a 2.0% net smelter...Read More
The concentrator at the Kamoto Mine in the DRC. Source: Katanga Mining Ltd.Glencore AG's Katanga Mining Ltd. [KAT-TSX] unit has resumed the export and sale of a limited amount of cobalt that complies with both international and local Democratic Republic of Congo (DRC) transport regulations with respect to the level of uranium.In the fourth quarter of 2018, Katanga said it would temporarily suspend...Read More