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
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDWaratah is owned by iron ore billionaire and former politician Clive Palmer.Read More
Copper's 10% price rise from US$3.30 a pound to $3.Read More
Austral Gold (TSXV: AGLD; ASX: AGD) is selling its Pinguino polymetallic project in Argentina to E2 Metals (ASX: E2M) for US$10 million in cash and shares, the companies said on Friday. The deal is for US$5 million in cash, with US$2.5 million paid on closing plus staggered payments of US$750,000 on the first and second anniversaries of closing and US$1 million on the third, the companies said in...Read More
Great Panther Mining (US-OTC: GPLDK) and Newrange Gold (TSXV: NRG) have called off a planned share purchase agreement that would have seen Newrange take full control of the Coricancha gold-silver-lead-zinc-copper mine in Peru.The initial agreement announced on Oct. 26 outlined a plan for cash-strapped Great Panther to sell its Peruvian subsidiaries, Great Panther Silver Peru SAC and Great Pant...Read More
Atalaya Mining (TSX: AYM) shares took off on Friday morning following the latest update on its regional exploration program in southern Spain, which included a potential new massive sulphide discovery and new high-grade zone at the Proyecto Masa Valverde (PMV) project.Drilling along the Mojarra trend at PMV has resulted in a potential discovery was made via intersection of 18.8 metres of polymeta...Read More
Mexico, which nationalized lithium resources in April, plans to start producing lithium batteries in late 2023 as it has secured foreign investment and the backing of the United States, its leading trading partner."We have already prepared for 2023 investments from companies from South Korea, China, and a program agreed with the U.S. to start producing batteries in Mexico, we hope in the third or...Read More
The tonnage of ore extracted from the earth in a day is vast at the world's largest mines - owned and operated by the majors of the industry.Using data compiled by Mining Intelligence, the latest top ten list ranks the world's biggest mines measured by millions of tonnes of ore mined, or where no data is reported, milled during the first to third quarters of 2022.Notably, all the mines on Mining...Read More
Turquoise Hill Resources (TSX: TQR) has set Dec. 9 as the date its shareholders will finally vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO).The meeting has been repeatedly delayed because of the opposition of key minority shareholders in Turquoise Hill, mainly U.S.-based fund managers. The situation took a turn for the worst earlier this m...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDGreat Panther and Newrange mutually terminated the agreement after the seller's...Read More
Say what you will about old industrial era titans like Andrew Carnegie, John D. Rockefeller, George Westinghouse, or J.J. Hill. At least they created steel mills, oil refineries, electrical equipment plants and rail lines, the infrastructure of prosperity.But Twitter? At the end of every day, is there any legacy value in anything that resides within the Twitter ether? If Twitter didn't exist, woul...Read More
Let's discuss the so-called "tech" sector for just a moment and how it turned into stock market roadkill in 2022.Then we'll address how it sets up a favorable new investment climate for hard assets in the coming year.I admit, I have little use for the tech sector except to say that what we in the West call tech isn't really tech. Most of it is hyped-up relational database vaporware. And if much of...Read More
Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More
Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More
Share this article TORONTO - Melkior Resources Inc. [MKR-TSXV] reported results from the first drill hole at the Genex project near Timmins, Ontario GEN-22-01 intersected 2.23 g/t gold equivalent over 24.5 metres (0.24 g/t gold, 1.15% copper, 0.52% zinc and 3.92 g/t silver), including 3.69 g/t AuEq over 7.78 metres (0.32 g/t Au, 2.29% Cu and 5.24 g/t Ag), successfully extending the Genex shaft zo...Read More
Filo Mining has made public results from two drilling holes at its flagship project which has already attracted investment from BHP. Highlights include Hole 62 with 1,313m @ 0.Read More
Final EPA approval for the Florence in-situ leach mine, which is being developed on privately-owned rather than federal land, could become one of just a handful of new copper schemes that haveRead More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationThe fall resulted in a profit of £222 million (US$268.31)...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationTirupati has completed construction on a second preconcentrate p...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBut is this the right approach for the industry, which needs to...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationMacKenzie told investors that BHP was "a very different company...Read More