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
Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More
(Bloomberg) - Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world's biggest.The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India i...Read More
(Bloomberg) - Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world's biggest.The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India i...Read More
(Bloomberg) - Chile knows what it is to be expendable.Ghost towns that pepper the nation's north are a painful reminder of a time when it was replaced almost overnight as the world's top fertilizer producer. These days, the decaying buildings and rusty plants serve as a harbinger for miners embarking on a major expansion of lithium.Lithium prices have tripled in three years, triggering a race to...Read More
The stock has been on a tear, up 78.5% year-over-yearFootwear concern Deckers Outdoor Corp (NYSE:DECK) is higher in early trading, after the company last night reported better-than-expected fiscal fourth-quarter earnings, and a 15% increase in same-store sales. In response, the stock has received no fewer than seven price-target hikes, with the highest coming from Tesley Advisory Group, which ra...Read More
North Korea tensions continue to linger ahead of the long holiday weekendDow Jones Industrial Average (DJI) futures are below fair value this morning, as big-cap energy stocks Chevron (CVX) and Exxon Mobil (XOM) trade lower with oil prices. July-dated crude futures were last seen down 2.6% at $68.83, on reports Russia and the Organization of the Petroleum Exporting Countries (OPEC) are considerin...Read More
Atalaya's profits, revenues up in solid March quarterRead full newsRead More
Carube Copper Corp. (TSXV:CUC) (theRead full newsRead More
(Updates with company's statement)By Sudarshan VaradhanTHOOTHUKUDI, India, May 24 (Reuters) - India's Tamil Nadu (NS:TNNP) state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources VED.L after 13 people died in protests demanding the closure of the plant on environmental grounds."The government's position is very clear, it...Read More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) and Nutrien Ltd. (TSX:NTR)(NYSE:NTR) are both based in Saskatchewan, but that's pretty much where the similarity ends from the perspective of investors.Let's take a look at the two mining firms to see if on deserves to be in your portfolio today.CamecoIn early 2011, uranium traded for US$70 per pound, and Cameco was a $40 stock. Then the tsunami hit the coast of Ja...Read More
CanAlaskaUranium Ltd (CVE:CVV) updated on partner Cameco's summer work plans at the 36,000 hectare West McArthur uranium project, which includes borehole EM (electromagnetics) surveys.Cameco has a three year three year program at the 5km long Grid 5 target area.Work to date has been focused around the northeastern part of what's called the C 10 corridor, where several ground-defined conductive res...Read More
3D illustration depicting the envisaged underground mining operation at Paramount Gold's Grassy Mountain Gold Project 22 miles southwest of Vale, Oregon. Source: Paramount Gold Nevada Corp.Paramount Gold Nevada Corp. [PZG-NYSE American] will focus on securing vital permits for its 100%-owned Grassy Mountain Gold Project in Oregon after releasing the results of a pre-feasibility study on May 24, 20...Read More
Northern Dynasty and First Quantum terminate Alaska framework dealNorthern Dynasty Minerals Ltd.'s [NDM-TSX; NAK-NYSE] shares sank on Friday May 25 after the company said a framework deal that could have given First Quantum Minerals Ltd. [FM-TSX] the right to earn a 50% interest in its flagship Pebble copper-gold project in Alaska has been terminated.Investors reacted to the news by sending Nor...Read More
The Orefinders Resources McGarry Mine Project in the Abitibi Gold Belt, northeastern Ontario. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV; OTC-ORFD] on Friday May 25 said its shareholders have approved a plan that will see the spin-out of its Ontario silver-cobalt assets into a new company, Power Ore Inc.Orefinders shares advanced on the news, rising 5% or $0.005 to 10.5 c...Read More
VANCOUVER, BRITISH COLUMBIA / May 25, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") and its research partners will receive a grant from Canada's Natural Science and Engineering Research Council ("NSERC") to develop nanostructured material for their next gener...Read More
Full Article: The Great OzBy: Jeff ThomasFor eight years (2008-2016), the US liberal media touted the brilliant accomplishments of the liberal president, whilst the conservative media groused that nothing he did was of value.Today, the conservative US media are touting the brilliant accomplishments of the conservative president, whilst the liberal media grouse that nothing he does is of value.Full...Read More
The positive NI 43-101 PEA determined the project to have an 18-year mine life with its estimated 32.7 million tonnes of ore with a diluted grade of 9.07% zinc-equivalent to be mined and processed at an average 4,900t per day.A start-up mining rate of about 5,000tpd will be achieved with conventional truck and shovel surface mining from the Tom and Jason deposits, with production the shifting unde...Read More
It said ongoing exploration efforts had included 1,000 holes comprising 76,000m drilled since December, which had extended the mineralised zone to an area 4km long and 3km wide.The drilling confirmed the high-grade nature of the Kari Pump target and expanded the mineralisation to 1.3km along strike and across a width of 160-200m, while remaining open to the north and northwest.The Kari Center disc...Read More
Beadell MD Simon Jackson made the point a number of times at the company's AGM this week that the key reason for shareholders to be invested in the stock was for the exploration potential.Read More
ST PETERSBURG – Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength.Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov told Reuters the first four months of the year showed very good sales result...Read More