News and Reports

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

Gold Mining ETF (SGDJ) Hits New 52-Week High

June 27, 2019 /

This gold mining ETF hits a new 52-week high. Are more gains in store for this ETF?Read full newsRead More

Wheaton Precious in re-rating frame, says Smallwood #MJS #MJSelect

June 24, 2019 /

Streaming leader's strong gold-focused organic growth profile attractive as metal price risesRead full newsRead More

Options Bull Bets On Bigger Gains for Gold This Year

June 20, 2019 /

Calls have become a hot commodity on this gold ETFVanEck Vectors Gold Miners ETF (GDX) options are on fire today, with the exchange-traded fund's (ETF) calls flying off the shelves. The ETF was last seen up 3.7% at $24.90, and fresh off an annual high of $25.17, rallying alongside gold prices after the Fed's dovish comments yesterday, which has traders pricing in a July rate cut. GDX is now up 18%...Read More

Gold softens from high

June 17, 2019 /

Macro uncertainties continue, with ongoing demonstrations in Hong Kong, a massive power blackout in South America, attacks on two oil tankers in the Middle East late last week and US-China trade tensions unresolved. The spot gold price rose above US$1,350 an ounce on Friday but has softened a little to about $1,341/oz at the time of writing.BHP (ASX: BHP) remains around an eight-year high, well ab...Read More

Gold Climbs as Stocks Fall; Fed Rate Cut Expectations Lend Support

June 14, 2019 / - Gold prices climbed on Thursday in Asia as risk sentiment remained weak and expectations for a rate cut from the Federal Reserve also provided support.Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2% at $1,339.95 per ounce by 01:40 AM ET (05:40 GMT).“Today, global equities are weaker, there is some safe-haven buy...Read More

Barrick boosts investment in Midas Gold

June 12, 2019 /

Barrick Gold (TSX: ABX; NYSE: ABX) is taking part in a bought-deal offering by Midas Gold (TSX: MAX; US-OTC: MDRPF) to keep its pro rata interest in the junior exploration and development company with a gold project in central Idaho.Midas Gold is offering 33.2 million common shares at 60 ? per share for proceeds of $19.9 million, which will help advance a feasibility study and permitting at its St...Read More

Barrick Continues to Expand with Bigger Stake in Midas Gold

June 12, 2019 /

Barrick Gold plans to pay C$4.4 million to raise its stake in Idaho-focused junior miner Midas Gold to 19.9 percent.Read full newsRead More

Five BHP tailings dams could pose "extreme risk" to communities in event of collapse

June 07, 2019 /

The world's biggest miner, BHP (NYSE: BHP), published risk assessment results on Friday that revealed five of its tailings dams that would be at "extreme risk" of damage to local environments and harm to nearby residents if they failed, the Financial Times reported. The Australian miner released risk assessment results in response to pressure from a group of investors that requested inform...Read More

Pretium drills deep, begins regional exploration program

June 05, 2019 /

Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart, British Columbia.Two holes totaling 3,500 metres were drilled - one to the northeast and the other to the southwest - in an area that had not been drill...Read More

Japanese Gold Mining Rejuvenated by Low-sulfidation Epithermal Gold Systems

June 05, 2019 /

Low-sulfidation epithermal gold mines like Hishikari have helped to drive production for the Japanese gold mining industry.Read full newsRead More

De Beers' Victor mine ends production

May 30, 2019 /

Production has officially ceased at the first and only diamond mine in the Canadian province of Ontario- the Victor mine owned by De Beers Canada. The news comes 10 years and 10 months after the mine was officially opened in July 2008.Mining ceased on March 5, and the recovery plant treated stockpiled material since then. The last economic ore was processed on May 25, 2019, followed by several day...Read More

Gold Prices Slip Despite Heightened Sino-U.S. Trade Tension

May 31, 2019 / - Gold prices slipped on Thursday in Asia as the U.S. dollar remained supported near two year highs amid heightened Sino-U.S. trade tensions.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.3% at $1,276.8 per ounce by 11:15 PM ET (03:15 GMT)."Gold has to crack the $1,289 resistance first if it wants to get to $1,300," said...Read More

Osisko makes new gold discovery at Windfall Lake

May 28, 2019 /

Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Qu?(C)bec. The new zone is about 350 metres north of the main zone.Four of the nine holes drilled at the new discovery contained visible gold. Notable drill results include 393 g/t gold over 2.2 metres, 31 g/t gold over 6.1 metres and...Read More

#Beijing "Seriously Considering" Rare-Earth Export Ban | Zero Hedge

May 28, 2019 /

This would be seriously disruptive for the US supply chain, and has been labeled one of China's 'nuclear options' in the trade war.Read full newsRead More

Barrick's bid for Acacia an "appropriate" and "elegant" solution to Tanzania woes - CEO

May 27, 2019 /

Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More

At least nine illegal Zimbabwean miners die after mine collapse

May 27, 2019 /

At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday.Metallon put its Mazowe Mine on care and maintenance last September, citing viability problems. One of Zimbabwe's biggest gold producers, it still operates t...Read More

Barrick Prepares to Purchase Remaining Shares of Acacia

May 23, 2019 /

Acacia Mining climbed almost 6 percent after Barrick Gold proposed to purchase all outstanding shares of the miner.Read full newsRead More

Confusing signals cloud London nickel market - opinion

May 20, 2019 /

The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade.Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders.Falling inventory and tighter spreads are normally strong bull signals in a commodity market.And in nickel's case they seem to tally nicely with the International Nickel Stud...Read More

Horizons launches Canada's first uranium ETF

May 16, 2019 /

Horizons ETFs Management (Canada) has launched the Horizons Global Uranium Index ETF. Units of the ETF will began trading Thursday on the Toronto Stock Exchange under the ticker symbol HURA.HURA is the first ETF in Canada to provide direct exposure to the global uranium sector - a universe of companies with a combined value of approximately C$15 billion. Globally, Canada is ranked as the second-la...Read More

Gold Prices Flat as Traders Weigh Rally in Stock Markets, Middle East Tension

May 17, 2019 / - Gold prices were flat on Thursday in Asia, holding slightly below the key $1,300 level.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were at $1,297.15 by 1:37 AM ET (05:37 GMT).Gold prices received a boost since last week as Sino-U.S. trade tension intensified, but lost momentum after U.S. President Donald Trump dialled back some...Read More

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