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 Osisko Metals (TSXV: OM; US-OTC: OMZNF) surged Wednesday on its plan to set up a joint venture and potentially surrender a majority stake in its flagship Pine Point base metals project as it advances towards construction.The company announced on Wednesday it has entered an investment agreement with Appian Natural Resources Fund, under which Appian, as the JV partner, would invest up to...Read More
"We are laser focused on the conversion of our commercial pipeline and the potential of several of our projects transitioning from pilot to commercial status.Read More
"Geopolitics is now geoeconomics impacting markets... and the rest is commentary."Here you have the measured and discernful conclusion of Rabobank's Mr. Michael Every. More from whom:Japan's Kyocera already says China is no longer viable as the world's factory due to U.S. technology restrictions, and that production there only makes sense to sell in China rather than to export from it. Bloomberg r...Read More
(IDEX Online) - Singapore-based IIa Technologies has won a long-running patent battle with Element Six Technologies, a De Beers company.The Court of Appeal in Singapore ruled that Element Six's highly technical patent concerning lab grown diamond production was not sufficiently clear and was therefore unenforceable.It said even a skilled person would not understand whether or not they had inf...Read More
(IDEX Online) - Plans for a new De Beers diamond mine in Canada's Nunavut territory are to go to a public review.The UK-based miner acquired the Chidliak Project, on the vast and sparsely populated Baffin Island, when it bought Peregrine Diamonds in September 2018 for C$107m.It plans to implement its FutureSmart Mining vision, including the use of drones, airships, remote mining and operation...Read More
A handful of Arizona-focused copper juniors are making steady progress delineating resources and fine-tuning potential development plans towards feeding an independent, Western supply chain.Near the semi-desert town of Casa Grande, Ariz., Arizona Sonoran Copper (TSX: ASCU; US-OTC: ASCUF) is outlining a scalable redevelopment of its brownfields Cactus mine project. The company is working to expand...Read More
Buster Hunsaker, consulting geologist with Majuba Hill Copper, discusses recent drilling results from the company's namesake copper porphyry project in Nevada, where it is working on a National Instrument 43-101 compliant resource. Hunsaker spoke with Northern Miner staff reporter Henry Lazenby at the Vancouver Resource Investment Conference in January 2023. Read More
New World's Antler points to high-return copper productionSPONSOREDnew world resources Nordic Nickel gears up for Pulju pushSPONSOREDnordic nickelSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAruma sprinting through lithium field raceSPONSOREDaruma resourcesSibanye-Stillwater now expects earnings per share for 2022 between 618 a...Read More
Cathy Fitzgerald has always been aware that women are a minority in the mining world, especially in management. "Moving up in my career, and now being a vice-president and maybe one day a CEO, standing in a room with 200 men and five women, you're acutely aware of the imbalance in gender at the top of the mining industry," said Fitzgerald, who is VP, exploration and resource development with Apol...Read More
Craig Taylor, CEO of Defense Metals discusses the Wicheeda rare earths project in northeast British Columbia, where the company plans to complete a prefeasibility study over the next year. Taylor spoke with Northern Miner staff reporter Henry Lazenby at VRIC in Vancouver in January 2023.Read More
(IDEX Online) - The Dutch government today (Wednesday 22 February) said new EU sanctions on Russia could include restrictions on diamond imports.A new package of measures is expected on Friday (24 February) to make the first anniversary of the invasion.A Customs update entitled New sanctions measures against Russia and Belarus (sanctions package 10) says (in translation) that the new package of sa...Read More
March 27, 2017: It was a clear, cold night in Berlin.A group of young thieves slipped through the shadows, their minds fixed on the prize ahead.The target: A gold bullion cointhe size of a bike tire.The Big Maple Leaf is a massive Canadian gold coin weighing 100 kilograms (220 pounds) with a face value of CAD$1 million.A set of six of these coins was produced by the Royal Canadian Mint in 2007. At...Read More
U.S. rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the trading house bypass China in EV rare-earth supply chains.MP Materials, owner of the Mountain Pass mine in California, will sell material from its separation plant to Sumitomo for distribution in Japan. Until...Read More
Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity prices and higher costs.The world's second largest miner posted on Wednesday a net profit of US$12.4 billion in 2022, down from US$21.1 billion the previous year.It also announced a full-year dividend of US$4.92 per share, less than h...Read More
Consumers have been overspending their income, but spending behavior is about to tighten. Find out which stocks will be hurt the most as consumers become more frugal.Read full newsRead More
I believe Freshworks has a weak business model plagued by multiple headwinds. Read why I would sell FRSH stock if I were a shareholder.Read full newsRead More
A year ago, the expectations for The Williams Companies were quite low. Despite being positive, WMB guidance for 2023 sees no material growth. Click here for more.Read full newsRead More
Palo Alto Networks, Inc. (NASDAQ:NASDAQ:PANW) Q2 2023 Earnings Conference Call February 21, 2023 4:30 PM ETCompany ParticipantsClay Bilby - Head, Investor RelationsNikesh Arora - Chairman...Read full newsRead More
Tesla, Inc. recently issued a recall on its full self-driving software package. Click for my take on TSLA's potential liability for FSD and my view of the stock.Read full newsRead More
In 2023, $1 trillion has been injected into global liquidity. Find out why this is good news for Bitcoin and why I rate BTC-USD as a strong buy.Read full newsRead More