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
There's a company out there right now that wants to ferry commercial air passengers from New York to Paris in an hour and a half. It's called Hermeus, and it just conducted another breakthrough test.Working at the Notre Dame Turbomachinery Laboratory in Indiana, the company's engine, Chimera, switched between turbojet and ramjet power - an absolute first for a commercial company.But that's just o...Read More
At this year's New Orleans Investment Conference, gold stood out as a popular topic among presenters and participants.The yellow metal's performance amid so many perceived catalysts and where it may go in the months ahead were both discussed throughout the five day event, but these questions took ce...Read full newsRead More
While many investors are currently praying for "a Fed pivot" to rescue...Read full newsRead More
Share this article VANCOUVER - Lucara Diamond Corp. [LUC-TSX, LUCRF-OTC] said it has entered into an extended diamond sales agreement with Lucara Botswana Ppy. Ltd. and HB Trading BV, for the purpose of selling 10.8-plus-carat rough diamonds produced from Lucara's 100%-owned Karowe diamond mine in Botswana until the end of 2032.Lucara first partnered with HB in 2020 to sell Karowe's large, high-v...Read More
The company reported high gold content from its infill drilling programme, as it works to convert the resource from inferred to indicated.Read More
This will make Hobson the second-largest processing plant in the US and the largest in Texas.Read More
Kinross' year has been dominated by the forced sale of its mining operations in Russia due to sanctions slapped on Moscow for its invasion of Ukraine and the absorption of its Great Bear ResourcesRead More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumThe junior is raising A$8 million by issuing new shares priced at 3.5c, with Gold Fields to subscribe for $4.2 million of stock and...Read More
The seven areas are within the Salinas Grandes and Laguna de Guayatayoc basins.Read More
And once developed, Rook I will be capable of producing up to 30Mlb/pa of uranium, which would be the equivalent of about a quarter of the world's total uranium production today, he added, meaning that Rook I can help replace production from Canadian mines that are coming offline between now and 2030. Canada is one of the world's main producers of uranium, predominantly in the Saskatchewan re...Read More
(IDEX Online) - A security guard at a jewelry store was shot dead yesterday during a heist at a shopping mall in Illinois, USA.Surveillance video shows three raiders step round the 57-year-old man as he laying bleeding on the floor.Police officers who happened to be on a training exercise at the mall property gave him CPR but he died hours later in hospital.The crime happened at River Oaks Center...Read More
(IDEX Online) - Lucara has extended its "groundbreaking partnership" with HB Antwerp to sell its specials (+10.8-cts) for the next 10 years.The Canadian miner first joined forces with HB in July 2020 to sell the high-value rough from its Karowe mine, in Botswana (pictured).Under the agreement, Lucara's +10.8 carat production is sold at prices based on the estimated polished outcome of each di...Read More
Blue 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 corporationAfter a 5% rise last week, the US dollar gold price ended up little different to where it had been in early July 2020 and within 15...Read More
Magna Mining (TSXV: NICU) says the first holes drilled at its Crean Hill mine, part of its recently acquired Denison project in Ontario's Sudbury Basin, has returned the kind of mineralized sulphide material it is looking for.The company also announced it's proceeding with a preliminary economic assessment, due to be completed early in the second quarter of 2023.As expected, each of the first thre...Read More
Industry giant Vale (NYSE: VALE) has landed its first large-scale electric vehicle battery deal in North America, supplying nickel to power a slew of General Motors' cars and trucks, the companies said on Thursday.The deal for 25,000 tonnes per year of nickel works out to about $762 million per year using a September average metal spot price of about $30,500 per tonne, though both companies declin...Read More
Canadian battery mineral miners and explorers are sniffing around hundreds of millions of dollars in potential funding from the United States military, but there are no firm deals yet to take advantage of an alliance dating back to World War II. The concept of the U.S. funding projects in Canada to help sidestep China's control over lithium and rare earth element (REE) processing broke into the...Read More
Canada's Lucara Diamond (TSX: LUC) has extended its sales agreement with HB Trading covering high-value diamonds from the Karowe mine, in Botswana, for another 10 years.The contract will see Lucara's +10.8 carat production sold at prices based on the estimated polished outcome of each diamond. This is determined through state-of-the-art scanning and planning technology, with a true up paid on a...Read More
Chile's SQM (NYSE: SQM), the world's second largest lithium producer, expects prices for the battery metal to stay high into 2023 on the back of soaring demand boosted by strong sales of electric vehicles (EVs) in China.In its results for the the three months to Sept. 30, the miner announced record lithium sales, which more than quadrupled in the quarter from a year ago. The company's highest qua...Read More
I've been warning about a central bank digital currency (CBDC) for a long time - or as I like to call it, "Biden Bucks."That's because Biden fast-tracked its development. He's been responsible for implementing CBDCs at a very quick tempo in the U.S.They could actually end up as his most enduring legacy, believe it or not."Respectable" economists and financial commentators derided me as a conspirac...Read More
Vancouver, Canada - November 16, 2022 - Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF) ("Sirona") is pleased to announce positive results of the clinical safety study for their novel anti-aging compound TFC-1326 1% in formulation, now proven to be a non-irritant and non-sensitizer. TFC-1326, Sirona's lead anti-aging compound, will soon enter a clinical trial designed to assess its >>Rea...Read More