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
Nicholas Mather, president and CEO of Australian junior SolGold, is The Northern Miner's Mining Person of the Year for 2018 in recognition of his role as the driving force behind the wildly successful grassroots team that has drilled off the world-class Alpala gold-copper deposit at its Cascabel project in Imbabura province in northern Ecuador, with potentially many more discoveries to come in the...Read More
Bezant buzz builds around big projectsSPONSOREDbezant resourcesWhite Gold Corp a major force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftI am happy to admit that I voted for Brexit, but I a...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated a further A$5.3-million in revenue from the sale of 5 411 ct of rough diamonds recovered from its Mothae operation, in Lesotho, during January.The diamonds were recovered during the ramp-up of the 1.1-million-tonne-a-year plant in the fourth quarter of 2018, and in the first month of commercial mining operations in...Read More
The president has redrawn his March 1 line in the sand."Substantial progress" in trade talks with China is the reason he cited.But another March 1 deadline menaces the United States... like a creeping shadow, dark, broad and doomy.And Mr. Trump cannot push it back.Details shortly.First to the shadows hanging over the world...Nuclear rivals India and Pakistan are playing with matches in perhaps the...Read More
The infant cannabis industry is starting to put on its walking shoes.I was on a call with a company that was looking for a few million this week when the discussion turned to its tissue culture program, where new cannabis plants are grown from a few cells instead of being cloned from a mother plant.Growers no longer want to have a mother plant and cloning operation onsite because it takes up valua...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
Silver Spruce Resources Inc. (TSXV:SSE) (Frankfort:S6Q) announces that it has closed its current non-brokered private placement and raised gross proceeds of $434,221.03 (the offering). The offering will consist of the issuance of 17,368,841 shares and 17,368,831 warrants.Read full newsRead More
Wall Street considered ugly housing data and a strong consumer confidence report U.S. stocks traded on both sides of breakeven today, as traders digested earnings, economic data, and commentary from Fed Chair Jerome Powell. The Dow ultimately ended lower, on Home Depot's (HD) poor earnings reaction and an analyst-induced Caterpillar (CAT) pullback, while tech strength couldn't keep the Nasdaq and...Read More
Credit Suisse just slashed its price target to $16 from $17A price-target cut from Credit Suisse to $16 from $17 in the wake of the company's fourth-quarter earnings report has Range Resources Corp. (NYSE:RRC) stock slipping today. The energy shares are now now trading down 5% at $10.46. This negative price action echoes the stock's longer-term trend, with RRC shedding over 50% from its mid-Oct...Read More
Nexus Gold (TSXV:NXS, OTC:NXXGF, Frankfurt:N6E) is pleased to announce that it has closed an initial tranche of its non-brokered private placement.Read full newsRead More
Think gold will be a good inflation hedge in coming months? Think again. Consider: If gold GCJ9, -1.64% were a good inflation hedge, its inflation-adjusted price would be constant. Yet, while U.S. inflation (as judged by the Consumer Price Index) has declined in each month since last October, gold has risen nearly 12%. In the process, the gold-to-CPI ratio has risen markedly, from below 4.8 to ne...Read More
The stock is down almost 8% todayWhile the U.S. stock market is struggling for direction today, there are several individual names making notable moves, including big-cap bank JPMorgan Chase & Co. (NYSE:JPM), nutritional supplement retailer Vitamin Shoppe Inc (NYSE:VSI), and document database provider MongoDB Inc. (NASDAQ:MDB). Here's a quick roundup of what's moving the shares of JPM, VSI, and MD...Read More
Lowe's is slated to report earnings tomorrow morning Next in line in the earnings confessional is Lowe's Companies, Inc. (NYSE:LOW) -- the home improvement name is slated to report its fourth-quarter results before the market opens tomorrow, Feb. 27. LOW shares are suffering today, however, after competitor Home Depot (HD)revealed a disappointing full-year forecast. At last check, the retailer is...Read More
MGX Minerals and its partner, the University of British Columbia, has completed the first phase of work to create next-generation lithium-ion batteries capable of quadrupling energy density up to 400 Wh/kg from the current 100 Wh/kg.The first phase of work involved a baseline assessment of metallurgical silicon from MGX's three projects in southeast British Columbia.The second phase of work, now u...Read More
MGX Minerals and its partner, the University of British Columbia, has completed the first phase of work to create next-generation lithium-ion batteries capable of quadrupling energy density up to 400 Wh/kg from the current 100 Wh/kg.The first phase of work involved a baseline assessment of metallurgical silicon from MGX's three projects in southeast British Columbia.The second phase of work, now u...Read More
It's been a tough few weeks for Australia's coal industry.First there was a court ruling blocking a new mine on climate change grounds, then one of the world's largest producers Glencore Plc capped output growth, and finally China was seen to be slowing down Australian imports.The developments are symptoms of the fuel's decline and likely signal headwinds for the industry in Australia, the world's...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More