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
Downgrades of the world's second biggest mining company have been rare since the stock started moving up from its low of £15.77 in early 2016 in London to a peak last week of £44.Read More
"We are one of the lower-priced gold equities out there," he told Mining Journal in an interview in Toronto.Read More
Wallbridge active on Quebec drilling latestWallbridge Mining Co. Ltd. [WM-TSX, WC7-FWB] shares were active Wednesday March 13 after the company tabled results from initial drilling at its recently optioned Beschefer gold property in Quebec.The Beschefer Project covers 647 hectares and is located on the Northern Abitibi Greenstone Belt, 28 km from the company's Fenelon Gold property. Beschefer is a...Read More
Azarga Uranium's Dewey Burdock Project in southwestern South Dakota is suitable for in-situ uranium recovery. Source: Azarga Uranium Corp.Azarga Uranium Corp. [AZZ-TSX; AZZUF-OTCQB] said Wednesday March 13 that it has made arrangements for a $3 million private placement that will be used to advance its flagship Dewey Burdock uranium project in South Dakota and Gas Hills Project in Wyoming.The comp...Read More
VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces its wholly owned subsidiary, La Finca Interacviva-Arachna Med ("La Finca") commences the process towards large scale cultivation. The Company, which received its Seed Producers License in January, is now able to export its hig...Read More
For the second month in a row, the Luxury Industry Performance Index (LIPI) has been rising. The indicator gained 0.6 points. Investors' mood has been improving as the market capitalization of luxury related stocks increased by 5.6 percent. This growth outpaced the rise the S&P 500, EuroStoxx and Nikkei. The LIPI is compiled by Frank Mueller of The Bridge to Luxury, a Dresden, Germany-bas...Read More
Signet Jewelers announced the appointment of Joan M. Hilson as Chief Financial Officer (CFO). The company also implemented additional organizational changes "to strengthen its leadership structure in support of its Path to Brilliance transformation plan." Hilson was CFO of David's Bridal from 2014 to March 2019. Prior to that, she was the CFO of American Eagle Outfitters and held several roles wit...Read More
In January, retail sales in the USA rebounded slightly, and this after the biggest decline in a decade. The 0.2% gain in January was led by sales on the Internet and in home centers. It remains clear, however, that the US economy was losing momentum in early 2019. The report that retail sales has increased a meager 0.2 percent in January came from a government report that was delayed by the...Read More
Gem Diamonds, a leading global diamond producer of high value diamonds, published its financial results. The firm reported a revenue of $267.3 million, compared to $214.3 million in 2017. It recovered 126.875 carats from the Letseng mine, compared to 111.811 carats in 2017. The average value achieved was $2,131/ct. compared to $1,930/ct. in 2017. In 2018, Gem Diamonds recovered no less than 15 di...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe bought deal is priced at 64c, a 13.5% discount to its share price before the financing was announced. The company will sell 15.Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resources"We are one of the lower-priced gold equities out there," he told Mining Journal in an interview in Toronto.Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesThe Canadian-listed Altan will drill...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesQuebradona will receive an investment of $55 million, with Gramalote seeing $10 million.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe company announced an updated resource for Iron Cap yesterday, in...Read More
It turns out retirement is a relatively new concept. Consider these numbers from The Evolution of Retirement by Dora L. Costa:In 1880, over 75% of men over 64 remained in the workforce.By 1900, that number had dropped to about 65%.By 1950, just 47% of men over 64 continued to work.By 1998, fewer than 20% of men over 64 were in the labor force.You see, retirement wasn’t always considered desi...Read More
“Dad, I got a raise!”I’ll never forget the look in my son’s eyes when he came home from Dunkin Donuts that evening. He was proud of himself, confident, and looking forward to having a bit more spending money in his pocket.David is a hard working young man. At his first job, he was willing to get up at the crack of dawn to help open the store, even on Saturday when most of h...Read More
Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has unveiled a preliminary economic assessment (PEA) for its Ivana uranium-vanadium deposit at its 100%-owned Amarillo Grande project in Rio Negro, Argentina highlighted by low operating costs."For the last three months we've been busy finalizing our PEA," Blue Sky president and CEO Niko Cacos says in an interview with The Northern Miner. "It's a very po...Read More
After riding out a decade of political and market instability, Ecuador-focused junior Salazar Resources (TSXV: SRL) has emerged with funds and a new focus to explore its portfolio of early-stage projects in the country.The company is helmed by Fredy Salazar, an Ecuadorian geologist with more than 30 years of experience, including a stint working for Newmont Mining (NYSE: NEM) in the country. Over...Read More
Canada's federal government used the opportunity of the annual convention of the Prospectors & Developers Association of Canada in Toronto in early March to unveil its 44-page Canadian Minerals and Metals Plan (CMMP), which is intended to guide federal and provincial mining policy in the years ahead.In some ways, the CMMP follows in the steps of the Whitehorse Mining Initiative, which was signed i...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesI have, of late, received a few barbs...Read More