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
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-S?(C)bastien Jacques who had to step down following an international outcry over the miner's destruction of sacred Aboriginal rock shelters.Stausholm, a Danish national who joined the company in 2018 from shipping company AP Moller-Maersk, will be tasked with rebui...Read More
Amex Exploration (TSXV: AMX; US-OTC: AMXEF) is on track to complete the remaining 148,000 metres of its 300,000 metre fully funded drill program in 2021 at its Perron project, 110 km north of Rouyn-Noranda in Quebec.The junior explorer has identified three gold zones along strike on the Perron gold corridor and has drilled to vertical depths of 1 km on the Chicobi Belt. It is also undertaking regi...Read More
This month saw a watershed moment in the cannabis industry. The House of Representatives approved the MORE Act, a bill that would end the federal prohibition of cannabis.The bill officially passed by a vote of 228-164.It's the first significant congressional action on marijuana since the passage of the Marihuana Tax Act of 1937, which federally criminalized all aspect of cannabis production, sale,...Read More
Stausholm replaces J-S Jacques, who was forced to resign over the Juukan Gorge blast.Stausholm joined Rio in 2018 as CFO and executive director from Maersk.A University of Copenhagen graduate, Stausholm spent 19 years with Royal Dutch Shell before joining ISS in 2008 and then Maersk in 2012. Rio chairman Simon Thompson said Stausholm had made a significant contribution to the company since jo...Read More
Idaho Champion Gold Mines Canada Inc. is pleased to report the coRead full newsRead More
Upon the resumption of trading in the Company's common shares on the Canadian Securities Exchange (theRead full newsRead More
Every purchase of these washable, three-layer masks directly supports Make-A-Wish British Columbia Yukon. Creating life-changing wishes for children with critical illness, Make-A-Wish recognizes that wishes are an integral part of a child's treatment journey. Delivery Notice: We are working hard to ensure all masks prRead full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that drilling plans have been finalized for the Hurricane zone and other targets. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:A total of 10,...Read More
Platform enables analysis of power generation and consumption at mine sites and provides data-driven insight into energy use productivity.Read full newsRead More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") announced the commercial launch of its Uniden (R) Mobile Coverage Kit (MCK), which is intended to empower first responders and government agencies to stay connected even in remote areas where cellular coverage is weak.Siyata's Uniden (R) MCK is designed to significantly improve cellular...Read More
Vancouver, BC December 16, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce plans to transfer all of its British Columbia ("BC") gold exploration assets ("Spin-out") into a newly incorporated company: Karus Gold Corp. ("Karus" or "Karus Gold").Highlights of Karus Gold:Unlocks value of BC assets for KORE shareholders through creation of Karus Gold...Read More
Before it ceased operation in 1942, the Octave mine produced over $310 million worth of gold, and that was from just 30% of the vein. Now it is for sale.Read full newsRead More
Investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinized, to report transparently and take concrete steps to curb them after a rally in prices this year drew closer attention to the sector's footprint.Read full newsRead More
"While the FOMC has already implemented a huge package of easing over the course of the year, the government's failure to bring another fiscal boost does push the onus back onto Powell et al," IG senior market analyst Joshua Mahony said.The gold price was up more than US$26 an ounce, near $1,854/oz on the spot market.Newmont closed 2.6% higher in New York, Harmony Gold Mining rose 3.5% in South Af...Read More
"With regard to interest rates, we continue to expect it will be appropriate to maintain the current 0-0.25% target range for the federal funds rate until labour market conditions have reached levels consistent with the committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% percent for some time," he said.Gold rose to US$1,865 an ounce o...Read More
Three mines on three continents are examples of what's happening in copper, the metal voted by investors as the most likely to succeed in both the old world of construction and plumbing and the newRead More
Share this article SUDBURY - The Federal Economic Development Initiative for Northern Ontario and the Northern Ontario Heritage Fund Corporation plan to create more than 100 full-time jobs, to improve Canada's supply chain and reduce import dependency for electric vehicle battery production.The Government of Canada and the Government of Ontario are each investing $5 million in the First Cobalt Co...Read More
Share this articleTORONTO - Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment for the fourth quarter of 2020 of US$0.1875 per common share will be paid on January 14, 2021 to shareholders of record as of the close of business on December 31, 2020. The US$0.1875 per share payment represents a 50% increase in the quarterly dividend from the previo...Read More
(IDEX Online) - Antwerp's export of rough and polished diamonds fell again in November after both hitting a 2020 peak in September.Rough exports were $725m, down from $957m in October. Year-on-year this was a marked decline, down almost 15 per cent, after a sharp rise of 75 per cent last month.Polished exports fell by nine per cent in November to $612m, according to newly-released figures fro...Read More
(IDEX Online) - De Beers reportedly increased rough prices by up to three per cent at its last Sight of the year in the firmest indication so far that demand is recovering from the pandemic.Insiders say it's the first time since COVID-19 that De Beers has put prices up, after offering discounts and unprecedented flexibilities to Sight holders since August.Yields from the 10th Sight of the yea...Read More