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 copper junior MOD Resources (LON:MOD) rejected on Monday fellow rival Sandfire Resources' (ASX:SFR) A$88 million ($63m) all-share takeover offer saying it undervalued the firm and its assets.The exploration and development company, which focuses on copper projects in the central and western Kalahari Copper Belt in Botswana, noted it was willing to engage with its suitor if it came back...Read More
Hello, Fools. I'm back to highlight three stocks that have recently been downgraded by Bay Street. While we should always be skeptical of analyst opinions, fresh downgrades can often call our attention to risks that we may not have been considering.For value investors, they can even be a good source of contrarian buy ideas.So, without further ado, let's get to it.Husky cutKicking things off is Hus...Read More
In times of turmoil, small-cap stocks are almost always hit harder than their larger peers.Sometimes it's for good reason. During economic volatility, smaller companies may find it harder to compete or raise much-needed capital. But often they're thrown out with the bathwater as investors cycle into better known names that they equate with quality. This provides great opportunities for prudent inv...Read More
While gold's latest rally has helped to buoy most precious metals, some have not performed as well as others. The yellow metal has gained almost 5% over the last six months, yet other precious metals - notably, platinum - have failed to keep pace. The lustrous white metal renowned for its resistance to the corrosive effects of chemicals has lost over 4% for the same period.In fact, the precious me...Read More
Gold surged sharply at the end of 2019, as growing unease over the outlook for the global economy and weaker data from China triggered a flight to safety among investors. Despite global stock markets bouncing back, there is every sign that gold will firm over coming months because of increasing economic and geopolitical uncertainty. There are also claims that the yellow metal has entered a new bul...Read More
Silver has followed its more expensive cousin gold higher in recent weeks, gaining 7% over the last month. The increasingly positive outlook for precious metals coupled with the gold-to-silver ratio requiring 84 ounces of silver to acquire a single ounce of gold has sparked claims that now is the time to bolster exposure to the white metal. Despite the claims of silver bugs, there are signs that s...Read More
Since the legal cannabis market has yet to stabilize, growth investors may wish to buy stocks in more down-to-earth industries instead for the time being. The data for the following three stocks shows that there is considerable upside to be had in a range of industries - although overvaluation means that this selection may not be suitable for investors with an eye on low multiples.Canada Goose Hol...Read More
(left to right) Shaun Pollard, Ed Balon, and Gareth Thomas.Photo is taken from the top of Shovelnose Gold Property. Source: Westhaven Ventures Inc.Westhaven Ventures Inc. [WHN-TSXV] was an active trader Monday January 21 after the company tabled results from a recently completed drill campaign at its Shovelnose property near Merritt, southern British Columbia.The shares fell 24.2% or 29 cents to 9...Read More
Share this articleTORONTO - Barrick Gold Corp. says it's exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes.It says the country's proposed changes to taxes and royalties on the mining industry would threaten the mine's ability to sustain returns to all stakeholders.The Toronto-headquartered company says it continues to eng...Read More
Share this articleTORONTO - Canada's main stock index fell in late-morning trading as the key energy and financial sectors lost ground.The S&P/TSX composite index was down 30.18 points at 15,273.65.U.S. stock markets were closed in observance of Martin Luther King Jr. Day.The Canadian dollar traded for 75.23 cents US compared with an average of 75.41 cents US on Friday.The March crude contract was...Read More
(IDEX Online) - ALROSA raised total revenue of $463 million last year at the 32 international auctions it held for special size (over 10.8 carats) rough diamonds. The company traditionally holds auctions in six countries: Russia, Belgium, Israel, Hong Kong, the United Arab Emirates and the United States. The largest number of auctions in 2018 was held in Moscow, with 11, while another four...Read More
(IDEX Online) - The Royal Asscher Diamond Company said that Helen Dimmick will be working closely with the Asscher family, Royal Asscher's international marketing team, future retailers and suppliers in order to develop market relevant sales, products and training for UK retail jewelers. "The intention in creating these materials is to bolster retailer confidence, attract customers and inj...Read More
(IDEX Online) - Bonas-Couzyn NV and International Mining and Dredging Holdings (Pty) Ltd (IMDH) announced that from February they will be offering IMDH's Namibian marine-mined rough diamonds for sale in Bonas-Couzyn's Antwerp offices. IMDH is involved in offshore exploration, dredging and marine mining as well as specialized vessel & tool design. Its Namibian subsidiary, Nutam Operation...Read More
(IDEX Online) - ALROSA has appointed Rebecca Foerster as President ALROSA USA Inc. Previously, she served as Executive Vice President of Strategic Planning and Marketing at New York's Leo Schachter Diamonds, one of the largest diamond suppliers in the United States. Foerster will be involved in all aspects of the work of ALROSA'S USA office in New York. Principally, she wi...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Sandfire said it had written to MOD to express its interest in a potential combination, but said any such transaction would be conditional on due diligence and the recommendation of MOD's board.Read More
If diamond miner equities are a proxy, the sentiment surrounding the diamond industry is now at historically low levels.Just in the last two years, a basket of diamond-producer stocks was down 28.9% in 2018, following a decline of 17.3% in 2017 (see Figure 1).This is in part due to idiosyncratic operational challenges that most all of the miners are dealing with in one way or another, however, inv...Read More
Sandstorm Gold (TSX: SAND; NYSE: SAND) has purchased a 0.9% net smelter returns royalty for US$32.8 million in cash on precious metals produced from Lundin Gold's (TSX: LUG; NASDAQ: LUG) Fruta del Norte gold project in Ecuador.The NSR royalty was purchased from a third party and covers metal production from all 644 sq. km of Lundin Gold's mining concessions in the Suarez pull-apart basin."The roya...Read More
Peak Power COO Matt Sachs talks about how industrial users of electricity can use predictive technology to move off grid power during peak load times, and save money.This is an edited portion of a sponsored presentation Sachs gave at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.Visit www.peakpowerenergy.com for more information.This pod...Read More
For big exporters of the steel-making material, a group that includes Rio Tinto, Vale, BHP, Anglo American and Fortescue Metals, the disappearance of the iron ore surplus is good news, if it lasts.Read More
The company has continued to build on its solid reputation, working for emerging miners to contractors and industry majors, with a past and present client list including Barrick Gold, Goldfields and Rio Tinto.Among the company's success stories are a 19% productivity improvement on all excavators at an Indonesian coal mine, a 23% increase in development rates at an Australian underground coal mine...Read More