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
Australian developer Jervois Mining said on Thursday it expects to have chosen by year-end a joint venture partner to help develop its nickel-cobalt battery materials project in New South Wales state.Jervois, whose management is made up of ex-Glencore executives, is developing the Nico Young deposit in southeastern Australia ahead of an expected boom in demand for the metals used in rechargeable b...Read More
Vancouver, BC - World Class Extractions Inc. ("World Class") (CSE: PUMP) and Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron") are pleased to announce that they have entered into a binding letter of intent (the "LOI") to proceed with a business combination by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which World...Read More
The Olive Garden parent reported a third-quarter earnings and revenue beatThe shares ofDarden Restaurants Inc (NYSE:DRI) are up 4.1% at $113.05 in early trading after this morning's fiscal third-quarter earnings report exceeded analysts' expectations on the top and bottom line. The company also lifted its full-year profit guidance. CEO Gene Lee cited strong sales in its Olive Garden and Longhorn...Read More
President Trump has said China tariffs could remain in place for a "substantial period of time"Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, after Wednesday's Fed announcement sparked concern over a slowing global economy. U.S.-China trade uncertainty is also keeping markets on edge, after President Donald Trump said yesterday tariffs on Chinese goods could re...Read More
Yesterday was SCS' worst day in more than 3 yearsOffice furniture firm Steelcase Inc. (NYSE:SCS) saw its stock price crash 13.6% Wednesday, its worst single-day performance in over three years, after the company issued a cautious guidance due to slowing growth in international markets, which could eat into margins. However, analysts at Raymond James felt that Steelcase's fourth-quarter results wer...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
Brazil's Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes of iron ore a year from the market.The preventive measure, said the world's top iron ore producer, was taken after a stress test failed to guarantee stability of the mine's structures. Vale noted it would restart production when new studies...Read More
Secova Metals (TSXV: SEK) acquired 100% interest this week in 3,809 hectares of vanadium mineral claims located in three land packages in the eastern Canadian province of Quebec."CIBC Mellon has estimated that there will be $35 trillion dollars of global infrastructure projects starting over the next 20 years, which will spark big demand for vanadium"In a press release, the Vancouver-based miner s...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
The words "dire" and "critical levels" were used to sum up the increasing shortage of nickel at this week's Lithium & Battery Metals Conference in Perth. This is great news for producers and emerging producers because that means prices will take off. And electric vehicles and power storage are going to come to the rescue ...Read full newsRead More
Up to 20% of the DRC's cobalt is mined by hand, often by children with picks and shovel. (Image: Screenshot from Congo Cobalt MinesVideo | YouTube.)Human rights advocate Amnesty International has accused the electric vehicle (EV) industry of selling itself as environmentally friendly, while most of the batteries they produce use polluting fossil fuels and unethically sourced minerals.In a report...Read More
Invest now or later. Image by artemuestra Gold was trading just shy of the $1,320 an ounce mark in overnight trading in New York on Thursday, a three-week high. The latest bounce comes after Wednesday's Federal Reserve meeting confirmed market expectations that interest rates remain on hold for the rest of the year.A panel of 22 gold analysts surveyed by FocusEconomics in March sees a gentle rise...Read More
Between listing on the TSX Venture Exchange in January 2018 and graduating to the Toronto Stock Exchange in October the same year, Troilus Gold (TSX: TLG; US-OTC: CHXMF) drilled 36,000 metres of drilling on its namesake property in Quebec and boosted the project's mineral resources by 90%.In November the junior exploration company reported its Troilus gold project contains indicated resources of 3...Read More
Gold was trading about US$1,319 an ounce on the spot market earlier, $14/oz higher than this time yesterday.Meanwhile the cash zinc price rose to its highest point since July last year on the London Metal Exchange yesterday at $2,896.50 per tonne.Nickel also gained amid signals Chinese developers might be spared from new property tax rules, easing demand concerns in the world's biggest metals cons...Read More
Collecting float samples from Arctic Star's Timantti Diamond Project in Finland. Source: Arctic Star Exploration Corp.Shares of Arctic Star Exploration Corp. [ADD-TSXV; ASDZF-OTCQB; 82A1-FSE] were active Thursday March 21 after the company announced the status of a previously announced private placement and the granting of stock options to its directors, employees and consultants.Proceeds are earm...Read More