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
For Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM), 2021 has proven to be a spectacular year as the company reports record revenue, cash flows and sales volume in the first six months. In just the second quarter of this year, Wheaton saw net earnings rise 57% from the same time last year to US$166 million, and the company reports it is on track to achieve guidance of 720,000 to 780,000 go...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) has intersected new visible gold bearing mineralization below the Swan zone, along the Cygnet Fault system, and to 1,000 metres downplunge of existing reserves along the Curie fault at Robbin's Hill, both part of the company's Fosterville mine in the state of Victoria, Australia. Drilling from the underground exploration drive hit this new minerali...Read More
Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) is a precious and base metal explorer with a pipeline of projects in Argentina, Chile, and Paraguay. It is part of the Grosso Group of companies, which has been working successfully in Argentina for almost three decades.The Vancouver-headquartered junior is advancing its 100%-owned Rosales copper project in the Atacama region of Chile, approximate...Read More
Sayona Quebec, a joint venture of Sayona Mining (ASX: SYA) and Piedmont Lithium (NASDAQ: PLL; ASX: PLL), has completed the acquisition of North American Lithium. Sayona Quebec is be owned 75% by Sayona and 25% by Piedmont. As part of the deal, Piedmont has agreed to take 50% of Sayona Quebec's lithium carbonate output.North American Lithium's chief asset was its suspended open pit mine about 60 km...Read More
Tudor Gold (TSXV: TUD) continues to attain impressive results from resource expansion and definition drilling of the Goldstorm deposit at its flagship property, Treaty Creek.The company announced the second set of results from the 2021 program, highlighted by an exceptional extension of the 300 Horizon and CS600 to the northeast in hole GS-21-113 that contains 972m of 1.265 g/t AuEq, including 456...Read More
Wyloo Metals is not ready to give up on its takeover bid for Noront Resources (TSXV: NOT) and its high-grade Eagle's Nest nickel-copper-PGE project in Ontario's Ring of Fire. The Australian company is now offering 70 ? per share for the junior, besting BHP's (NYSE: BHP; LSE: BHP; ASX: BHP) friendly bid of 55 ? per share. The sweetened offer sent Noront shares up over 25% or 16 ? to 76 ? in t...Read More
For Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM), 2021 has proven to be a spectacular year as the company reports record revenue, cash flows and sales volume in the first six months. In just the second quarter of this year, Wheaton saw net earnings rise 57% from the same time last year to US$166 million, and the company reports it is on track to achieve guidance of 720,000 to 780,000 go...Read More
The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found.The bank's Global Commodity Research team suggests three routes to bridging the supply gap: production increases at miners and re...Read More
Tudor Gold (TSXV: TUD) continues to report results from resource expansion and definition drilling at the Goldstorm deposit at its flagship property, Treaty Creek.The company announced the second set of results from its 2021 program, highlighted by an exceptional extension of the 300 Horizon and CS600 to the northeast in hole GS-21-113 that contains 972 metres of 1.265 grams per tonne gold-equival...Read More
Australia's Piedmont Lithium (ASX: PLL) and its 19%-owned Sayona Mining (ASX: SYA) have completed the acquisition of Canada's North American Lithium (NAL), as part of their plan to create a potential lithium production hub in the Abitibi region of Quebec. The companies said they will merge NAL, which halted production at its mine in 2019, and Sayona's Authier project in Quebec. They...Read More
Don't underestimate Joe's ability to f*** things up.- Barack ObamaWell, that escalated quickly...Tomorrow's the final day for U.S. troop withdrawal from Afghanistan.When Biden closed Bagram Airfield on July 5 and issued a statement three days later saying a Taliban takeover of Afghanistan was not inevitable, we all held our breath.The numbers added up... sort of. He claimed it was 300,000 Afghan a...Read More
The greatest paradox in foreign exchange markets today is the U.S. dollar (USD).U.S. fiscal responsibility is in ruins. In the past two years, the U.S. has authorized $11.5 trillion of new deficit spending and increased its base money supply by over $4 trillion. The U.S. debt-to-GDP ratio now stands at 130%, comparable to Lebanon, Italy and Greece, among the most profligate countries in the world....Read More
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES VANCOUVER, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) ("Asante" or theRead full newsRead More
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Vinci Capital Group - Striking Gold The Vinci Capital Group is a BVI based company with subsidiaries in Asia focused on gold and copper. The Vinci Capital Group co-owns mining exploration licenses with a combined surface area of 3 times the surface area of the country of Liechtenstein. The company has recently struck gold, with [...]Read full newsRead More
In the last trading session, 3.78 million Harmony Gold Mining Company Limited (NYSE:HMY) shares changed hands as the company's beta touched 1.00. With the company's per share price at $3.74 changed hands at -$0.02 or -0.53% during last session, the market valuation stood at $2.33B. HMY's lastRead full newsRead More
(IDEX Online) - The Natural Diamond Council (NDC) is targeting consumers with a series of nine ads highlighting the industry's commitment to sustainability.The omnichannel campaign, called Thank You, By the Way, is supported by the Responsible Jewellery Council (RJC).It focuses on socioeconomic and community benefits, and carry tag lines such as:"Your natural diamond helps provide access to h...Read More
(IDEX Online) - A 24.45-carat heart-shaped diamond fetched just over $2m in an online auction by Christie's.The Type IIa stone was graded by GIA as D color, internally flawless, excellent polish and symmetry.It was set in a platinum pendant necklace with a 1.37-carat, D-color, internally flawless pear-shaped stone.The piece, headlining the Summer Sparkle sale, sold for $2.01m. Its pre-s...Read More
(IDEX Online) - Lightbox is to sell bigger lab grown diamonds - up to two carats - at the same flat rate of $800 per carat.It is also introducing a premium lab grown range, called Finest, of stones guaranteed to be VVS clarity, colorless D, E, F with an excellent cut.Both moves suggest the De Beers company sees increasing potential in the lab grown sector.Last November it opened a $94m factory nea...Read More