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
Here are some startling statistics for you to think about: Every 66 seconds, someone in the United States is diagnosed with Alzheimer's disease.Today, more than 5 million Americans suffer from Alzheimer's disease, and millions more will be diagnosed in the years to come. Alzheimer's kills more than breast and prostate cancers combined. It is the sixth-biggest killer in this country.Just think abou...Read More
If you are married and between the ages of 55 and 70, there's a 50% chance either you or your spouse is developing Alzheimer's disease right now. With a single diagnosis, you could join the 5.4 million Americans who are suffering from the mind-wasting disease.It sounds grim, I know. But there is hope. In fact, one company may have figured out how to actually stop the disease in its tracks.If it wo...Read More
Toronto-based PJX Resources announced it has acquired an option to earn 100% interest in the Gold Shear property, located 29 km southwest of Cranbrook, British Columbia.According to a corporate press release, the property hosts the high-grade David gold occurrence and is adjacent to PJX's Eddy property.Historical data from the provincialMinistry of Energy Mines and Petroleum revealed that gold was...Read More
VMS mineralized diamond drill core from the La Plata Project in Ecuador. Source: Toachi Mining Inc.It was the unusually high grades that initially attracted a group of seasoned Canadian mining executives to the gold-enriched La Plata gold-copper-zinc volcanogenic massive sulphide deposit in Ecuador.Laurence Curtis and colleague Nick Tintor secured an option to earn up to a 75% interest in the La P...Read More
An Aurora Cannabis Inc. (TSX:ACB) merger with Newstrike Resources and CanniMed Therapeutics would create the biggest cannabis company in Canada by market capSmallCapPower | January 23, 2018: Newstrike Resources Ltd. (TSXV:HIP) shares soared nearly 50% on Monday following a Reuters report Friday that Aurora Cannabis Inc. (TSX:ACB) would be willing to acquire Newstrike as a way of convincing the exi...Read More
Click to EnlargeOsisko Mining Inc. [OSK-TSX] on Tuesday said new results suggest that a high grade core is developing at the Lynx 4 Zone at its 100%-owned Windfall Lake gold project located between Val-d'Or and Chibougamau in the Abitibi region of northern Quebec.The company said new results from ongoing drilling suggest that the high-grade core in the Lynx 4 Zone is similar to the Lynx 1 discover...Read More
Click to EnlargeML Gold Corp. [MLG-TSXV; MLGCF-OTC] continues to encounter massive copper sulphides at its recently acquired Stars property, which is located southwest of Houston, British Columbia.The announcement comes almost two week after company said it had intersected 311 metres of veined and variably disseminated copper sulphide mineralization consisting predominantly of chalcopyrite in the...Read More
I won’t pretend that I particularly enjoy impromptu religious sermons in public places. But regardless of my personal feelings, I believe people have the right to free expression, including religion and speech.But live and let live is apparently not the philosophy of New Jersey cops. When they saw two people preaching on the property of the New Jersey Transit system, they had to step in. Th...Read More
VANCOUVER, BRITISH COLUMBIA / January 23, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the appointment of Randall W. Keller as Vice President of Business Development. Mr. Keller will work alongside former California Senate Majority Leader Richard Polanco (see press release dated December 1, 2017) to target geothermal lithium explorat...Read More
Full Article: There Is Still Value In Gold As A Portfolio Diversifier - Sprott Asset ManagementBy: Neils Christensen(Kitco News) - There is still lots of value in the gold market as prices hold near a four-month high, according to the manager of the third largest gold-backed investment firm in North America.John Ciampaglia, CEO of Sprott Asset Management (SAM), said in an interview with Kitco Ne...Read More
Shares in Pretium Resources Inc (NYSE:PVG) tanked on Tuesday after the company announced disappointing production and cost forecasts from its Brucejack gold-silver mine in British Columbia.During lunchtime trade the Vancouver-based producer was exchanging hands for $7.95 a share, down 26.3% on the New York Stock Exchange, in massive volumes of more than 10m shares traded. Pretium is now worth $1.9...Read More
(IDEX Online) - Zimbabwe may consider ending the country's policy of foreign companies in the diamond and platinum sector handing over a 51-percent controlling interest to local citizens, new President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe resigned, previously announced that the ownership requirement on all other minerals would be abol...Read More
JOHANNESBURG – Zimbabwe’s new President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country’s own currency.The nation abandoned the Zimbabwe dollar in February 2009 after an economic collapse saw inflation surge to about 500-billion percent, according to the International Monetary Fund, after ex...Read More
(IDEX Online) - The new Chairman of The Gem and Jewellery Export Promotion Council (GJEPC), Pramod Agarwal, has welcomed the decision by the India's Goods and Services Tax (GST) Council to slash the GST rate on cut and polished diamonds and precious stones to 0.25 percent from 3 percent, saying it will benefit small and medium-size firms and give a boost to the sector. Agarwal pointed...Read More
JOHANNESBURG – Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said.Mnangagwa, who became president in November after Robert Mugabe resigned under pressure from the military, has announced that the ownership requi...Read More
(IDEX Online) - Sarine Technologies Ltd has announced the official launch of its new Meteorite?,,? system for the cost-effective inclusion mapping of very small rough stones, under 0.35 carats. Based on the Meteor?,,? system, the Meteorite is "the most cost-effective solution currently available in the industry, to provide inclusion mapping for the segment of very small rough diamonds below...Read More
SHANGHAI, Jan 23 (SMM)? 1/4 ?Copper: It appears to be difficult for SHFE copper to break through its several moving averages as physical demand remained sluggish ahead of Chinese New Year due to tighter cash. However, copper prices are unlikely to fall much considering tighter supply of copper ore and copper scrap. We expect prices to be rangebound in the near term.Aluminium: We maintain our view...Read More
SHANGHAI, Jan 23 (SMM)? 1/4 ?Copper: It appears to be difficult for SHFE copper to break through its several moving averages as physical demand remained sluggish ahead of Chinese New Year due to tighter cash. However, copper prices are unlikely to fall much considering tighter supply of copper ore and copper scrap. We expect prices to be rangebound in the near term.Aluminium: We maintain our view...Read More
SHANGHAI, Jan 23 (SMM)? 1/4 ?Copper: It appears to be difficult for SHFE copper to break through its several moving averages as physical demand remained sluggish ahead of Chinese New Year due to tighter cash. However, copper prices are unlikely to fall much considering tighter supply of copper ore and copper scrap. We expect prices to be rangebound in the near term.Aluminium: We maintain our view...Read More
SHANGHAI, Jan 23 (SMM) – Two copper scrap companies under Category Seven were in the list of the fourth batch of approved scrap import applications this year, according to a release from the Ministry of Environmental Protection on Monday January 22.The approved volumes for copper scrap slumped 95% from a year ago as the list contained mainly wastepaper companies this time.However, SMM believ...Read More