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
The first quarter is almost in the books - and it looks nothing like the Great Tech Reset that shoved the stock market off a cliff in 2022.Bitcoin has exploded higher, posting new 9-month highs after breaking out above $25K.The Nasdaq 100 - the biggest, baddest tech names on the market - just hit new 7-month highs as household names such as Microsoft (MSFT) and Meta Platforms (META) continue to bu...Read More
Lundin Mining (TSX: LUN) is buying a majority stake in the Caserones copper-molybdenum mine in Chile for about US$950 million, adding to a flow of deals as miners seek to increase their exposure to the metal, crucial for the world's energy transition.The miner will acquire a 51% stake in the company that operates Caserones from its owner Japan's JX Nippon Mining & Metals Corp.Lundin said it will...Read More
It took two years and six trips to Mexico, but earlier this month Radius Gold (TSXV: RDU) emerged triumphant with an option agreement to earn 100% of the Tropico target in the heart of the Fresnillo silver district in Mexico's Zacatecas state. The 'hot-spring type' sinter-rimmed gold-bearing breccia pipe at Tropico is located within sight and in the same rocks as the Fresnillo mining district, an...Read More
A U.S. court ruling announced today will allow KORE Mining (TSXV: KORE; US-OTC: KOREF) to proceed with drilling at its Long Valley gold project in California's Mono County.On Tuesday, the U.S. District Court for the Eastern District of California denied a motion by NGOs to overturn authorization granted by the United States Forest Service (USFS) of KORE's proposed drill program. An initial, 3,000-...Read More
Cameco (TSX: CCO; NYSE: CCJ) has won $300 million back from Canada's taxman in a dispute lasting two decades, but it says the full figure should be more than three quarters of a billion dollars. Canada's largest uranium miner says it's due to receive $89 million in cash and $211 million in letters of credit after reassessments by Canada Revenue Agency concerning tax filings for 2007 through 201...Read More
This week's episode features Northern Miner Group president Anthony Vaccaro in conversation with host Adrian Pocobelli on this year's PDAC conference, geopolitics and precious metals. Anthony explains why government is better off funding processing facilities over mines, how China and supply chains are at the centre of the mining conversation, and why precious metals remain an attractive investmen...Read More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
"Permitting is the big overhang on the project so that will be the big push this year, with a C$20 million budget if we push hard.Read More
It can be easy to take a partnership between Canada and the United States as a given," U.S. President Joe Biden told the House of Commons on Mar. 24 on his first official visit to Canada. While he meant this as a positive and went on to describe the peaceful and prosperous relationship is a "marvel," Canada has been reminded several times in recent years that it can't - and shouldn't - expect th...Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
Lundin will pay JX an initial $800 million with $150 million in deferred cash payments over six years. This includes $50 million in five $10 million annual instalments and $100 million in 2029.Read More
The tectonic forces which created copper hot spots in northern Chile and southern Peru were also highly active in this region of Colombia, where several plates collide and interact.Read More
Three times isn't a charm for top lithium producer Albemarle (NYSE: ALB) as Australia's Liontown Resources (ASX: LTR) has rejected its latest offer valuing the lithium developer at A$5.5 billion (US$3.7 billion).The news sent its Sydney-listed shares soaring 68.5% to a fresh 12-month high of A$2.57 by market close.Liontown disclosed in an exchange filing that Albemarle had offered A$2.50 per share...Read More
During the analyst conference call about the transaction, company executives said the purchase stands on the merits of the mine and its 60,000-hectare exploration package.Read More
"Our focus during the summer of 2023 will be to inspect and prepare the existing mining infrastructure in the Mountain Block in order to commence mining in early 2024," chief executive EldurRead More
Every tech advancement that promises to significantly disrupt the economy is an implicit war with China. No bullets or bombs are let loose, but the stakes are just as high. China has been on a nonstop mission of economic imperialism for decades now. The communist leaders have sacrificed the social well-being of their citizens in exchange for unfathomable wealth. This drive can never be satisfie...Read More
(IDEX Online) - Blue Nile, the online jeweler acquired by Signet for $360m last August, is laying off 119 workers.Signet said it was consolidating operations to New York City and closing the Blue Nile fulfillment center in Seattle."As part of the integration of Blue Nile, we will be reducing duplicative fulfillment center services to centralize these services within our existing New York City fulf...Read More
CytomX Therapeutics, Inc. (NASDAQ:NASDAQ:CTMX) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ETCompany ParticipantsChris Ogden - SVP of Finance and AccountingSean McCarthy - CEO...Read full newsRead More
BioNTech is more than a COVID vaccine developer. Read how its infectious disease vaccine platform and multi-layered oncology platform are clicking into gear.Read full newsRead More
Compared to similar funds in the industry, WisdomTree Cybersecurity Fund is a relatively smaller fund and that allows WCBR to be nimble. Click here for our review.Read full newsRead More