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
Mining magnate Robert Friedland is looking to make another potentially massive base metals discovery about 80 kilometres south of his famous Voisey's Bay find from 1993.His privately held US-based firm Ivanhoe Electric Inc. (IVNE) has put up funding to conduct a low-temperature superconducting quantum interference device (SQUID) moving loop transient electromagnetic survey on the South Voisey's Ba...Read More
The 2021 United Nations Climate Change Conference of the Parties, also known as COP26, will be held in Glasgow between October 31 and November 12, and the mining industry could learn from a famous military speech that was delivered by an Englishman ahead of perhaps the single most important battle of World War II.Soldiers have always known that it easier to defend than attack, and in medieval comb...Read More
Australia's Evolution Mining (ASX: EVN) is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals (ASX: NML) in a deal worth up to A$90 million (US$65 million).The gold mine, 150 km south of Townsville, was Evolution's first development project, and was commissioned in 2013. Since then it has generated an average return of 19% a year, the company says.The mine represents about 1.5% of...Read More
Gold Resource (NYSE-AM: GORO) has inked a deal to acquire Aquila Resources (TSX: AQA) in a US$30.9 million transaction that will create a mid-size North American precious and base metals producer. The Colorado-based miner is buying all of Aquila's shares for 0.0399 of a GORO share per Aquila share. The exchange ratio represents a consideration of US$0.09 per Aquila share or US$30.9 million, refle...Read More
Zinc prices have found support this year courtesy of resilient demand and supply issues caused by power problems in China and Europe.Read More
"Some ideas are so stupid that only intellectuals believe them" - as noted Mr. George Orwell.Perhaps we flatter Dr. Paul Krugman by labeling him an intellectual. Yet the shoe fits his foot with astounding precision. And so he must wear it.That is, the fellow harbors ideas so stupid... he can be nothing else but an intellectual. Example:The Congress of the United States must soon locate its jack...Read More
Marvel currently holds 51% in the project, with Altus Strategies, an AIM-listed royalty company, holding the remaining 49% The indicated and inferred resource for the project is now 26.Read More
If you've bought a new iPhone in the past year or so, you've probably noticed something was missing from the box.Beginning last year with the iPhone 12, Apple phones no longer come with a wall charger or headphones.Of course, you can still buy them separately. But no longer do iPhones come new in the box with a phone charger or headphones. The headphones are one thing, but the charger seems pretty...Read More
Mako Gold Limited (Read full newsRead More
Full new in-depth Elon interview from CodeCon 28th September 2021Topics and Timestamps:0:00 Start0:25 Crypto China, US and Elon's Opinion6:57Tech in China9...Read full newsRead More
SEATTLE-Seattle's City Council approved a resolution Monday to decriminalize psychedelic [...]Read full newsRead More
2021-10-05 -VG - News Release Shares issued 44,600,000 VG close -Read full newsRead More
After-tax NPV5% of US$321 million at $1,550 base-case gold priceRead full newsRead More
American Eagle Gold CEO Anthony Moreau said the company has completed a seismic survey at Golden Gate and unveiled an upcoming maiden drill program at the property.Read full newsRead More
TORONTO, Oct.05, 2021(GLOBE NEWSWIRE) -- Osisko Mining Inc. (OSK:TSX.Read full newsRead More
Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil not far behind, dealing a setback to hopes the pandemic would spur a faster transition to clean energy from fossil fuels.Read full newsRead More
The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters.Read full newsRead More
Shares in indebted property giant China Evergrande went into a trading halt yesterday pending news of "a major transaction".The precious metal price has risen to US$1,769 an ounce on the spot market.Newmont, which is trading near a 52-week low, closed up 2.09% in New York.In Johannesburg, Sibanye-Stillwater (JSE: SSW) gained 3.63% and Impala Platinum (JSE: IMP) rose 3.14%.Still in South Africa, th...Read More
Alphamin put EBITDA guidance at US$53 million and said it had moved to a net cash position at September 30.It had reported June quarter EBITDA of $34.1 million, at a tin price of $28,308 per tonne, and had ended that period with net debt of $29.5 million.Tin has risen 125% since March 2020 and is near the all-time record of $36,770/t reached in September, due to supply constraints and increasing d...Read More
"We are not in the copper supercycle camp and did not believe the price rally to record levels in May was sustainable because we do not see a dramatic shift in the supply and demand over the nextRead More