Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesThe inferred resources are estimated at 10.3 million t at 0.7g/t Au, 0.2% Cu, and 1.1g/t Ag. "Significantly, the resource is near-surface...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesOther highlights included 16.4g/t over 1 metre within an 11.1 metre interval that averaged 1.7g/t. And 9.9g/t over 1.2 metres within a 15...Read More
China's GDP per capita at current prices is on track to reach $14,100 this year, improving from $12,360 last year and overtaking the global average for the first time, according to forecasts from theRead More
The company has lowered production guidance for Quellaveco in 2022 to 80,000-100,000t, from 100,000-150,000t, at a C1 unit cost of about 150c/lb, previously 135c/lb.Anglo said the decision to lower production guidance was made following the commissioning and testing period, and receipt of final regulatory clearance.Guidance for 2023 and 2024 is unchanged at 320,000-370,000t.Anglo also tightened it...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDOf those two basic economic forces demand is the easiest to understand because embargoes on Russian gas...Read More
U.S. equity index futures were lower this morning. S&P 500 future were down 17 points in pre-opening trade. The British Pound dropped another 0.0145 to $1.0705 to an all-time low in overnight trading.Micron dropped $0.40 to $49.70 after Wedbush lowered its target price from $85 to $65.PG&E added $0.64 to $13.25 on news that the stock will be added to the S&P 500 Index this Friday. ...Read More
The stock market was down again today, the exchanges beginning where they left off last week. But it's the larger trend that's really disconcerting.Investors don't need to be told about the stock market collapse in recent months. The Dow Jones Industrial Average is down over 20% since January. The S&P 500 is down 23% since January. And the Nasdaq Composite is down 32% since its all-time high l...Read More
Many people reject the idea of historical cycles due to their imprecision. I understand the appeal of this objection, but it is nonetheless striking that transformative decades tend to manifest in cycles rather than evenly over time.Compare the decades of the past 70 years: 1952 to the present. How different was the culture and economy of the U.S. between 1952 and 1959?While there was progress in...Read More
The stock market was down big again today, with the Dow hitting a new low for the year. Just about everything else was down today too. The Fed really has Wall Street spooked, as it's aggressively raising rates to try to get a handle on inflation (even though it won't).The latest inflation numbers show that inflation is persistent, as we knew it would be. That includes sectors without much price mo...Read More
The Northern Miner attended the Precious Metals Summit held in Beaver Creek, Colo., from Sept. 13 to 16, where explorers, developers and emerging producers of gold, silver, copper, and platinum group metals vied for investors' attention amid a challenging macroeconomic backdrop. Despite gold being down nearly 3% over the week, companies were upbeat in their messaging as they sought to convince i...Read More
Fission Uranium (TSX: FCU) discovered the Triple R uranium deposit at its Patterson Lake South (PLS) project in Saskatchewan in 2012 - a year after the Fukushima nuclear plant disaster in Japan decimated the uranium market. But following a decade in the "wilderness," uranium stocks are now finally on the upswing, benefitting from growing recognition of nuclear energy's place in limiting global te...Read More
The Dow Jones Industrial Average fell an astonishing 1,232.01 points or 4% to 29,590.41 during the Sept. 19-23 trading week, while the S&P 500 fell 180.1 points or 4.7% to 3,693.23. Finding value gainers was challenging in a dark week for markets as heightened geopolitical uncertainty, stubbornly high inflation readings and briskly rising interest rates continued to rankle investors. Nexa Resourc...Read More
Stocks were pummelled over the Sept. 19-23 trading period as investors fled, fearing a global recession brought on in part by central banks raising interest rates to quell inflation. The S&P/TSX Composite Index fell 904.9 points or 4.7% to 18,480.98. The S&P/TSX Global Mining Index slid 3.7 points or 4.1% to 85.99, and the S&P/TSX Global Base Metals Index dropped 10.2 points or 6.6% to 144.2. The...Read More
The S&P/TSX Venture Composite Index closed the Sept. 19-23 trading week at 578.06 points, down 51.99 points or 8.3% as markets reacted to the increasing likelihood of a recession. Some juniors, including Northern Shield Resources, managed to buck the trend. Northern Shield shares rose 91.7% to end at 12 ? after reporting visible gold in a sample from its Root & Cellar project in southeastern New...Read More
Following the receipt its land use permit last month, NorZinc (TSX: NZC; US-OTC: NORZF) has now received a new water licence from the government of Northwest Territories for an expanded 2,400-tonne-per-day mine plan at its Prairie Creek project, completing the permitting process for its mine operation."The receipt of the water licence represents a substantial milestone for the company with respect...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com). TNM Drill Down Sept. 16-23.Tempus Resources (TSXV: TMRR; ASX: TMR), Rupert Resources (TSXV: RUP) and Tombola Gold (ASX: TBA) scored the top gold drilling results for the week of Sept. 16-23 w...Read More
The union at Antofagasta's (LSE: ANTO) Los Pelambres copper mine in Chile has rejected the company's most recent contract offer and launched a strike threat.In a media statement, the Board of the Supervisors Union of Los Pelambres said that even though at first glance the company's proposal seems attractive, it doesn't include all the demands presented by the workers and is far from what was expec...Read More
After months of elevated inflation, investors are expecting big moves from the Federal Reserve today.Analysts at Nomura Securities wrote last week that the Fed will jack up short-term rates to a range of 3.25%-3.5% today - and will end up increasing rates to as high as 4.75% by next year. The federal funds rate now hovers in a range of 2.25%-2.5%.Federal Funds Rate - 40 YearsAs a result, billiona...Read More
Gold has always occupied a more prestigious place in our imagination and attracted a far-higher price than silver, so widely seen as a runner-up that it symbolizes second place. (You may have heard silver referred to as "poor man's gold"; when was the last time you heard gold described as "rich man's silver"?)Gold (and silver) still prestigious in our imaginations Echelon Capital Markets analyst G...Read More
Blencowe executive chairman Cameron Pearce noted the entry to the DFS stage comes two-and-a-half years after the project acquisition."Graphite demand is growing fast as forecast and as the market becomes increasingly more aware that there are very few new graphite mines scheduled to commence production in the near term this demand-pull will potentially drive further price rises ahead, particularly...Read More