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
Atlas Corp. is being acquired by a consortium led by famous value-investing people. Read more to see if buying ATCO shares now makes financial sense.Read full newsRead More
Confluent, Inc. (NASDAQ:NASDAQ:CFLT) Q4 2022 Earnings Conference Call January 30, 2023 4:30 AM ETCompany ParticipantsShane Xie - IRJay Kreps - Co-Founder and CEOSteffan Tomlinson -...Read full newsRead More
Marqeta, Inc. has seen significant share price losses since its 2021 IPO. Read why the company needs to show some improvements to make MQ stock appealing.Read full newsRead More
PacWest missed Q4 expectations as high deposit costs pressured spread income even more than expected. Read more to see my detailed analysis on PACW stock.Read full newsRead More
It's one of the most frequent critiques lobbed my way on social media, email, and even delivered in person via scathing, spittle-soaked tirades...You're wrong about crypto! Yes, I am wrong. In fact, I've ignored crypto for years - so I've been wrong. The only positive aspect of my crypto-indifference is the consistency. Even when bitcoin was mooning, I remained skeptical.Full disclosure: I've nev...Read More
Another warning shot across the bow just happened...I warned my readers a few weeks ago about how the Federal Reserve, in cooperation with giant global banks, has launched a 12-week pilot project to test the message systems and payment processes on the new CBDC dollar.A pilot project is not research and development. That's already done. The pilot means that what I call "Biden Bucks" are here, and...Read More
The exploration company will pay IAMGOLD 2.5 million shares, a 1.Read More
(IDEX Online) - Zimbabwe aims to produce 10m carats of rough diamonds this year - which would double its 2022 output.But the figure is at odds with an estimate of 7m carats made by Winston Chitando, the mines and mining development minister, last November.The 10m forecast was given over the weekend by Polite Kambamura, mines and mining development deputy minister.He said there was a lot of investm...Read More
Candu Energy, a member of the SNC-Lavalin Group (TSX: SNC), has entered into an agreement with Ontario Power Generation (OPG) to deliver the Darlington New Nuclear project. The project is spearheading the deployment of the GEH BWRX-300 small modular reactor (SMR) before the end of the decade. It will be the first grid-scale SMR deployed in Canada.Companies such as Aecon and GE-Hitachi have joined...Read More
Garnet cuts the path for Heavy Minerals' production plansSPONSOREDheavy minerals limitedAlien Metals accelerates toward productionSPONSOREDalien metalsRed Dirt rockets toward mining in 2023SPONSOREDred dirt metals4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootGeneral Motors will invest US$650 million in Lithium America's Thacker Pass deposit in Nevada to bring it to phase...Read More
(IDEX Online) - Angola exported 8.75m carats last year, well down on its original forecast of 13.8m.But total revenue was $1.95bn, the Ministry for Mineral Resources, Oil and Gas said, an increase of almost a quarter on $1.5bn in 2021.In January 2022 Angola revised down its forecast output for the year by almost a third to 10.5m carats.Diamantino de Azevedo, Angola's minister for mineral reso...Read More
The federal government is investing $100 million to support the development of BHP's low-emissions Jansen potash mine in Saskatchewan, about 140 km east of Saskatoon. The cash injection will be made through the Strategic Innovation Fund and forms part of Canada's efforts to help its mining sector transition toward a low-carbon economy.BHP is seeking to accelerate construction at its only potash p...Read More
Bill Gates, Jeff Bezos and Richard Branson are among investors who've raised US$800 million for a company developing a low-cost iron alternative for power grid storage which plans to begin construction of its first manufacturing plant within a month. As the green wave of electrification gathers momentum, industry analysts expect the global energy storage market to double in size to almost US$400...Read More
Share this articleVANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) is forecasting a substantial increase in copper production this year as the company ramps up its world class QB2 copper project in northern Chile.Teck said it expects to produce between 390,000 and 445,000 tonnes of copper this year, marking an increase from 270,500 tonnes in 2022. The company said QB2 is expecte...Read More
Shares of Lithium Americas (TSX: LAC; NYSE: LAC) soared on Tuesday morning after it announced that General Motors (NYSE: GM) will invest $650 million in the company to help it develop the Thacker Pass lithium mine in northern Nevada.The Canadian miner's stock was up 10% in premarket trading in New York after it unveiled GM's investment, which the companies say represents the largest-ever investmen...Read More
Hochschild produced 358,826 gold equivalent oz in 2022, falling short of full-year guidance of 360,000-375,000oz.Read More
Northern Dynasty Minerals' (TSX: NDM; NYSE: NAK) contentious Pebble project in southwest Alaska is on the rocks again after the Environmental Protection Agency denied environmental approvals. The EPA on Tuesday ruled the gold, copper and molybdenum project, which has been on-again off-again for decades, can't deposit waste material within the local watershed to safeguard the world's largest sock...Read More
Ecora Resources, formerly Anglo Pacific, earned US$143.1 million over the full year, an increase of 67% on 2021. Of this, US$107.Read More
This week's episode is a copper and gold CEO double-header, featuring the opening remarks of Freeport-McMoran CEO Richard Adkerson at the company's recent Q4 conference call on Jan. 25, 2023, as well an interview with Barrick Gold CEO Mark Bristow at the Future Minerals Forum in Riyadh, Saudi Arabia. Both CEOs emphasize the strategic importance of copper to their long-term vision and its central r...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDIt only happens only when there's a lot of liquidity around and no-one wants to miss the party, according to one...Read More