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
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
Joint venture partners AngloGold Ashanti (JSE:ANG) (NYSE:AU) and Independence Group (IGO) have approved a $79.3 million underground expansion at their Tropicana gold mine in Western Australia.The project, dubbed the Boston Shaker, is expected to contribute higher-grade mill feed, resulting in an improved gold production profile and enhanced cash flow.Once the underground portion is operative,...Read More
Now Sibanye will wind down Driefontein's operations within 10 years, with plans to cut thousands of jobs as it shuts unprofitable shafts.South Africa's gold industry employs just over 100,000 people, less than a fifth of the number that used to drive the apartheid economy.With most of the nation'Read full newsRead More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has entered into a letter of intent with Puriflor Enterprise Inc. ("Puriflor") regarding Puriflor's acquisition of an extraction and processing facility, and the formation of a joint venture between Quadron and Puriflor, whereby Quadron will acquire a one third interest in the Pu...Read More
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe miner has warned it would declare f...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsFitch expects disruption from Vale's tailings dam failure at Feijao to reduce net iron ore supply from Brazil by about 30-50 million tonnes a year, and other supply cuts in the country at Usiminas, Companhia Siderurgica Nacional and Gerdau to weigh down output.The agency upped its p...Read More
The syndicate of underwriters, led by Haywood Securities, have agreed to buy shares at 36c each, with a 15% overallotment option.Read More
Drilling at the Sikasso property in southern Mali, West Africa. Source: Compass Gold Corp.Compass Gold Corp. [CVB-TSXV; COGDD-OTC] shares skyrocketed Thursday March 28 after the company said drilling on the company's Sikasso property in southern Mali, West Africa, has intersected high-grade gold mineralization.Investors reacted by sending Compass shares up 500% or 57.5 cents, to 69 cents on active...Read More
The Greenstone Gold Mines Hardrock Project in northern Ontario. Source: Premier Gold Mines Ltd.Centerra Gold Inc. [CG-TSX; CAGDF-OTC] and Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] said Thursday March 28 that the environmental assessment for the Greenstone Gold Mines Hardrock Project in Ontario was approved by the provincial government on March 26, 2019.Their aim is to develop an open pit mine th...Read More
Since establishing a footprint in Botswana in 1991 to cater to the siteaccommodation needs of mines, modular building supplier Speedspace Botswana hasexpanded its operations by opening a new satellite branch in Letlhakane, in northern Botswana. Operations at the new branch, which Speedspace Botswana country manager Kyle Wasserfall says is “ideally situated within 15 km to 20 km of four diamo...Read More
Stability and policy and regulatory certainty, as well as the rebuilding of trust, have been the key themes in Mineral Resources Minister Gwede Mantashe’s first year in office.When, on February 27, 2018, he took the reins of a government department that oversees one of the most difficult and fragmented industries in South Africa, Mantashe, a former mineworker and union leader, found an indus...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThose numbers are generated using a long term copper price of US$3.08 per pound and an 8% discount rate.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe company said the results from SES003 had not been analysed until now "due to its general...Read More
If wealthy people have the same 24 hours in a day, and work just as hard as others, how do they acquire such incredible wealth?This was the question George Samuel Clason set out to answer in his timeless classic The Richest Man in Babylon. Since 1926, Clason's book has sold more than 2 million copies and has been translated in 26 different languages. Set in ancient Babylon, supposedly the wealthie...Read More
Brighthouse Financial (BHF) isn’t just a cheap stock. It is an unfathomably cheap stock.With a share price currently bouncing are $35, the insurance company is currently trading at 0.29 times book value per share.How cheap is that?Similar insurance companies are currently trading for 0.80 times book value.In order for Brighthouse to trade at their competition’s multiple, the company...Read More
The Canadian Mining Hall of Fame (CMHF) bestowed honours on five industry giants at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre. The 2019 inductees - Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle - join 176 existing CMHF members."Tonight we celebrate the lives of four men and one exceptional woman who thr...Read More
As the Canadian Mining Hall of Fame (CMHF) inducted five new members - Kate Carmack, James Franklin, James Gill, Sandy Laird and Brian Meikle - at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre, five tribute videos were premiered during the evening.For full coverage of the event by The Northern Miner, read: Canadian Mining Hall of Fame welcomes five tr...Read More
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe International Lead Zinc Study Group...Read More