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
Companies in the mining industry need to move away from the mindset that environmental, social, and governance disclosure is primarily a compliance issue to a mindset that embeds ESG awareness and permeates it throughout the entire organization. That's the key takeaway from a discussion at the recent Global Mining Symposium, which explored how investors and other stakeholders can better track t...Read More
British Columbia's mining industry stands to potentially miss a generational opportunity to become the "brand of choice" for supplying many of the critical minerals the world needs to transition to a low-carbon future, Mining Association of B.C. (MABC) president and CEO Michael Goehring told an industry event today.Goehring urged the government to "level the playing field" for B.C. mines, specific...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has begun producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of the Congo (DRC) months ahead of schedule as the metal continues to trade close to all-time highs.Kakula, the first mine planned at the concession, is initially forecast to generate 3.8 million tonnes of mineralized material a year at an average feed grade "well i...Read More
Kenorland Minerals (TSXV: KLD) has reported drill results from half the 30 holes recently drilled at the high-grade Frotet gold project in northern Quebec, including a highlight of 5.7 metres of 90.56 grams gold per tonne.Drill core sample from the Regnault target on the Frotet property. Credit: Kenorland Minerals.The recently listed junior made the grassroots Regnault discovery at the 393.7-sq.-k...Read More
When one of Dennis Buchanan's PhD candidates at Imperial College in London was recently stressed from exams and developed writer's block, he was able to unblock the student by pointing out that there has never been a better time to write a dissertation on metals and energy finance than now. As the world races to meet de-carbonisation deadlines and transitions to greener forms of energy, he told he...Read More
Yawns on Wall Street today…The Dow Jones scratched out a light 10-point gain. The S&P gained seven; the Nasdaq, 80.The 10-year Treasury yield inched higher, gold inched lower.If it's excitement you seek, Bitcoin gained 3% in today's trading.But as we often note: The fleeting fancies of the market, its momentary moods, its passing passions, hold little fascination for us.They amuse us - t...Read More
Companies in the mining industry need to move away from the mindset that environmental, social, and governance disclosure is primarily a compliance issue to a mindset that embeds ESG awareness and permeates it throughout the entire organization. That's the key takeaway from a discussion at the recent Global Mining Symposium, which explored how investors and other stakeholders can better track t...Read More
More than 70% of foreign exchange reserves around the world were denominated in U.S. dollars at the end of 2001.Since then that percentage has trended down.According to the most recent data from the IMF, the percentage of dollar-denominated reserve assets fell to 59% at the end of 2020, sparking fresh concerns over the U.S. dollar's reserve currency status.Prominent hedge fund manager Stanley Druc...Read More
Snowline Gold Corp. is pleased announce that its fully funded 202Read full newsRead More
New Guinea acquisition fits with company's small is beautiful approachRead full newsRead More
Indonesia 'aggressively pursuing' battery supply chainRead full newsRead More
Auto makers are getting deeper into batteries, and they need to if they want to control their own destinies, writes RBC analyst Joseph Spak.Read full newsRead More
Killed on his way to work in KwaZulu-NatalRead full newsRead More
Q1 2021 Adjusted EBITDA of $5.9 million, representing an Adjusted EBITDA Margin of 19%Reiterated FY2021 guidance for Systemwide Pro Forma Revenue of $170-180 million and Adjusted EBITDA of $40-50 millionThe Company's existing licensed projects at maturity represent a long-term revenue and EBITDA opportunity upwards of $650 million and $250 million, respectivelyPHOENIX - 4Front Ventures Corp....Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF; OTCQB: LEMLF) ("LEAF" or the "Company") is pleased to announce that it has received approval to commence trading its common shares on the OTC Markets Group's OTCQB Marketplace in the United States under the symbol "LEMLF". The Company's common shares will begin trading on the OTCQB on May 25th, 2021 and will continue to trade on the TSX under the symbo...Read More
"China means business with more weekend meetings attended by various agencies and especially the NDRC which states it will ‘severely punish' anyone in our markets for ‘spreading of fake information, price speculation and hoarding'," Marex Spectron's Alastair Munro said.The MySteel Australian 62% fines fell 2.85% to $204.50/t.However base metals were mixed on the London Metal Exchange.G...Read More
(IDEX Online) - Mehul Choksi, the Indian diamantaire facing extradition over an alleged $1.85bn fraud against the Punjab National Bank (PNB) has gone missing on Antigua.Family members are "worried and anxious", says his lawyer, after his car was found - with no sign of him - on the Caribbean island where he currently has citizenship. He was last seen at 5.15pm local time on Sunday 23 May.The...Read More
(IDEX Online) - Diamond manufacturer Shairu Gems says it has become first in India to achieve carbon-neutral status.The Mumbai-based company has been financing emission reduction programs to offset its own carbon emissions.In 2014 the company won international recognition for building the world's first energy-efficient diamond factory (pictured), in Surat.Shairu, a De Beers sight holder with...Read More
(IDEX Online) - The largest purple-pink diamond ever offered at auction sold yesterday for $29.3m, a record high price but far short of its $38m high estimate.The 15.81-carat type IIa IF diamond (pictured) was named the Sakura Diamond because it perfectly matches the petals of the Sakura cherry blossom.It was the highlight of a Christie's Hong Kong live auction.The previous auction record for...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company has about A$25 million cash following a $20 million placement earlier this month.Read More