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
Speaking at Investing in African Mining Indaba in Cape Town, Friedland said 700 million tonnes of copper had been mined in human history but a further 700Mt would be required in the next 22 years toRead More
Is he correct? Did the United States execute the caper?Veteran investigative reporter Seymour Hersh issued the "bombshell" report yesterday morning...In extravagant detail he claimed that President Joseph Biden and his understrappers hatched the idea to wreck the Nord Stream 2 energy pipeline, plotted its wrecking and ordered its actual wrecking - with active assistance from the Scandinavian natio...Read More
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn't contain the metal they were supposed to.The Geneva-based company said the "systematic fraud" was committed by a group of companies connected to and controlled by Indian businessman Prateek Gupta, including TMT Metals and companies...Read More
At the third time of asking, gold seems set to break decisively through the psychologically important barrier of US$2,000 ($2,686) per ounce. More importantly, the precious metal has matched an inflation-adjusted 550-year high when measured in sterling.Gold recently achieved an all-time nominal high of ?1,593 ($2,600) per ounce in the U.K. but, in real terms, we've been here once before, in 1470....Read More
Nickel and cobalt producer Sherritt International (TSX: S) has reported strong financial results for 2022, as higher prices offset lower cobalt output.The Toronto-headquartered company reported overnight Thursday full-year net earnings from continuing operations of $63.7 million, compared with a net loss from continuing operations of $13.4 million in 2021.The headline adjusted net earnings from co...Read More
Rick Rule, CEO of Rule Investment Media discusses how a better understanding of silver market dynamics and its industrial uses can help investors make fact-based decisions. Rule spoke with Mining.com executive editor Frik Els at the Vancouver Resource Investment Conference (VRIC) in January.Read More
Cameco (TSX: CCO; NYSE: CCJ) has swung into profit after uranium prices rose when the war in Ukraine sidelined Russian supplies and as the push to reduce greenhouse gases accelerated. The Saskatoon-based company on Thursday reported net profit of $89 million last year versus a loss of $103 million in 2021. Revenue rose to $1.9 billion in 2022 from $1.5 billion the year before. Cameco, the le...Read More
Attew said that because open pit heap leach oxide projects are a relatively standard development, the company does not have many different technologies or mining approaches to scope out, as oftenRead More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumCan EV battery metal continue its incredible bull run?SPONSORED Asante targets 400,000oz in 2023SPONSOREDasante gold corporationThe companies aim to develop an exploration decision support system, leading to the development of priority targets and an initial 12-month wor...Read More
Andy Randell, founder of Aeonian Resources, describes the private company's early stage Koocanusa sedimentary copper project in southeastern British Columbia. Randell spoke with Northern Miner staff reporter Henry Lazenby at the AME BC Roundup in January. Read More
Shell plc reported Q4 adjusted earnings per ADS of $2.76 or $9.814 billion, up 3.8% sequentially. Click here to see my current take on SHEL stock.Read full newsRead More
Vertex focuses on creating transformative medicines for serious diseases, with a special emphasis on specialty markets. See why VRTX stock is a Buy.Read full newsRead More
Farmer Bros. Co.Read full newsRead More
Inflation has destroyed $1 trillion of US worker purchasing power. The trend of worsening real income growth has been ongoing for 20 years.Read full newsRead More
We fear the fire (economy) more than we count on the fireman (Fed Chair Powell) and surely more than we're encouraged by the extinguisher (rate cuts). Read our take here.Read full newsRead More
Mattel, Inc. (NASDAQ:NASDAQ:MAT) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ETCompany ParticipantsDavid Zbojniewicz - Vice President, Investor RelationsYnon Kreiz - Chairman...Read full newsRead More
Lumen Technologies, Inc. slashed 2023 guidance with adjusted EBITDA targets far below analyst estimates. Click here for our view of LUMN stock after Q4 earnings.Read full newsRead More
Smurfit Kappa Group Plc (OTCPK:SMFTF) Q4 2022 Earnings Conference Call February 8, 2023 4:00 AM ETCompany ParticipantsAnthony Smurfit - CEOKen Bowles - CFOConference Call ParticipantsLars...Read full newsRead More
Freshworks, Inc. (NASDAQ:NASDAQ:FRSH) Q4 2022 Earnings Conference Call February 7, 2023 5:00 PM ETCompany ParticipantsJoon Huh - VP of Finance, IR & TreasuryRathna Mathrubootham -...Read full newsRead More
Illumina, Inc. (NASDAQ:NASDAQ:ILMN) Q4 2022 Earnings Conference Call February 7, 2023 5:00 PM ETCompany ParticipantsSallilyn Schwartz - VP, IRJoydeep Goswami - CFO, Chief Strategy &...Read full newsRead More