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
Gold prices topped US$1,900 per oz. for the first time since 2011, heading for its biggest weekly gain in more than three months, as momentum builds from flaring geopolitical tensions and worries over global growth drive demand for safe-haven assets.Spot gold was up 0.6% at US$1,900.32 per oz. by noon. Earlier in the day, it reached an intraday high of US$1,906.40 per oz. - its highest level in ni...Read More
Northern Dynasty Minerals (TSX: NDM) has cleared the last environmental hurdle for its proposed Pebble copper-gold-molybdenum mine in Alaska almost two decades after developers first started considering the project.The U.S. Army Corps of Engineers has issued a final environmental impact statement (EIS), backing the controversial mine in the salmon-rich Bristol Bay.The decision opens the door for N...Read More
Now, in our third year of the survey and the Global Leadership Report (GLR) - to which the survey is geared - we can draw some meaningful year-on-year comparisons and identify trends in whatRead More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe 2,000-page document describes a proposed openpit mine and related project infrastructure which would protect wat...Read More
I've been in this business a long time. I know better than to promise a sure thing. And yet, I am fully prepared to do it in this one instance...Here's what I'll promise you: Gold is going higher. There's just no way it's not. The list of reasons why is considerable...StagflationUncertaintyStock market bubblesMoney printingBailoutsHedge fundsPolitical strifeMomentumSecurityA weak dollarRecessio...Read More
A year ago, you couldn't get Wall Street to touch most gold miners' stocks. Today, it's throwing billions at the industry.Read full newsRead More
A very different-looking oilfield service sector is expected to emerge from the aftermath of the COVID-19 pandemic and ultra-low commodity prices.Read full newsRead More
China's state-owned Sinopharm, one of the first Chinese projects to start testing its Covid-19 vaccine candidates overseas, said it would have a vaccine ready for the public before the end of the year.Read full newsRead More
Elon Musk has a plea for mining companies: "Please mine more nickel."Read full newsRead More
Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.Read full newsRead More
North Dakota's oil production fell four times faster than the national average between January and May, according to new data. New Mexico's production also plummeted in May.Read full newsRead More
Vancouver, BC July 23, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") announces that drill hole FG-20-373 intercepted 11.0 meters of 10.0 g/t gold starting at 44.0 meters downhole in the Upper Zone of the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. Drilling has also extended the June 2020 Lower Zone discovery with a new inter...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has agreed to terms with Queen's Road Capital Investment Ltd. ("QRC") (TSXV: QRC) for a US$6 million private placement of unsecured convertible debentures (the "Debentures"). The Debentures will be convertible at the holder's option at a conversion price of C$0.88 into approximately 9.1 million common...Read More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce that its DermSafe (R) Hand Sanitizing Lotion has received the "Seal of Approval" from the Dermatology Review Panel?,,? ("DRP"). DRP is a panel of Canadian dermatologists that provide an independent review of scientific data for non-prescription products in order to authenticate a product's claims....Read More
Vancouver, BC, Canada, July 23, 2020 - LEAF Mobile Inc. (TSX.V:LEAF), a leading creator and publisher of counter-culture mobile games, today announced a 5 year worldwide exclusive partnership with B Real of Cypress Hill for the development of his first featured mobile game. The game will feature B Real's likeness, voice, music, and creative influences throughout his career. This is B Real's firs...Read More
(Bloomberg) -- Elon Musk has a plea for mining companies: "Please mine more nickel.""Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," said Musk, chief executive officer of the electric-carmaker, during a second-quarterRead full newsRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco will have the first option on Enami's stake but it is likely to face competing bids from other companies, including BHP, according to a Mining and Energy Ministry source, reported BNAmericas.Ecuador's finances have been hard hit by both the drop in the price of oil, its main export, and the economic impacts of the COVID-19...Read More
The Northern Miner presents the top-10, U.S.-based mid-tier to junior companies, excluding coal and precious metals, by market capitalization, as of July 24, 2020.1. Compass MineralsMarket cap: US$1.8 billionCompass Minerals (NYSE: CMP) produces plant nutrients, salts and magnesium chloride for applications in industrial, agricultural, commercial and consumer markets, primarily in North America...Read More
Share this articleTeck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut down operations and halt construction at some sites.All mines are now producing, and the company has issued an updated guidance a...Read More
(IDEX Online) - Botswana must avoid all involvement with "synthetic diamonds" to protect its most valuable natural resource, said a government minister.Mmetla Masire told a parliamentary committee that engaging in their production or sale would compromise the value of its mined gems.Botswana is the world's second biggest diamond producing nation after Russia, and diamonds account for 70 per c...Read More