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
A wide high-grade palladium-nickel-copper zone has been intersected about 60m east of the discovery hole, which hit 19m at 2.59% nickel, 1.04% copper, 8.37 grams per tonne palladium and 1.Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe company is facing pressure from the government in Zambia over the closure of its majority-owned Mopani Copper Mines.Glencore said its 73.1%-owned Mopani had transitio...Read More
A recent Supreme Court decision pertaining to Nevsun Resources could have big implications for other Canadian mining companies with foreign operations, opening them up to human rights claims stemming from their operations abroad.The lawsuit against Nevsun, Nevsun vs. Araya, alleges that the company was complicit in the use of forced labour by a sub-contractor at its Bisha copper-zinc mine in Eritr...Read More
Marathon Gold (TSX: MOZ) has released results of 16 diamond drill holes, which extend the strike length of the Berry zone to 350 metres. The drilling targeted both the Berry zone as well as the ground to the northeast, towards the area known as the Frozen Ear Pond Road.The drill highlights include 14 metres of 8.06 grams gold per tonne; 12 metres of 8.03 grams gold per tonne; and 24 metres of 2.44...Read More
Troilus Gold (TSX: TLG; US-OTC: CHXMF) has released results from three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec. The results appear to confirm a mineralized trend of over 1 kilometre.The drill highlights include 33 metres of 1.65 grams gold-equivalent per tonne, 13 metres of 1 gram gold-equivalent per tonne, and 9 metr...Read More
Gold has tallied its fourth straight session gain, continuing its rally last week, which saw the price of the precious metal reach its highest in more than seven years.Gold's latest run has likely been spurred by cash injections to mitigate the severe impact of COVID-19 on the global economy, analysts say. Governments worldwide are signing off on massive stimulus measures on top of the near-zero r...Read More
The Renard diamond mine, in the James Bay territory of Quebec, will not reopen yet, despite the province’s government announcing that mining activities can restart as essential services.Diamond miner Stornoway is keeping Renard on care and maintenance, given the structural challenges still affecting diamond market sales, as well as the depressed prices for diamonds owing to Covid-19.Adv...Read More
My net worth has barely budged over the past three months. It's down ~3.4% in 2020. There's a lot of pain out there. "Stocks" are down 15% for the year as measured by the S&P. But the S&P and the Dow do not a market make. There is a range of things you can own besides stocks. I hold a lot of cash, for example. Cash (DXY) is in a raging bull market compared to stocks. Let me quantify a lot so...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
The Canadian mining firm Excellon Resources announced recently that it is acquiring Otis Gold Corp., also of Canada, thus bolstering their risky scheme to use cyanide-based gold mining in theRead full newsRead More
The Dow closed up over 500 pointsThe Dow extended its midday rally, finishing the day up over 500 points as blue-chip stocks reported better-than-expected earnings, and sentiment surrounding coronavirus improved. The S&P 500 and tech-heavy Nasdaq also finished the day confidently in the black, with the Nasdaq scoring its fourth straight win. Continue reading for more on today's market, including:...Read More
Guyana Goldstrike (TSXV:GYA) has agreed to extend the deadline for the completion of an initial payment owing to the Company in connection with a gold forward purchase agreementRead full newsRead More
AAPL puts are a popular options choiceApple Inc. (NASDAQ:AAPL) iPhone sales are recovering in China after the tech giant shipped roughly 2.5 million iPhones in the country last month. This is up from the 500,000 iPhones shipped during February, the height of China's coronavirus lockdown. As a result, Chinese online retailers are offering hefty discounts on all iPhone 11 models, sending the equity...Read More
The biotech sector has performed admirably during the COVID-19 outbreakThe broad market finally got a rare dose of coronavirus-related optimism last week week, with reports that the global pandemic could soon be reaching a slowdown. Lost in the shuffle of headlines about hospitalizations, intensive care admissions, and new infection cases was news that U.S. President Donald Trump spoke with pharma...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Mining operations in the Philippines' Surigao del Norte province were first suspended on April 1.Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") at the request of IIROC, has provided further details on the announcement that it has received an increase in revenue-generating work orders due to COVID-19 supply chain distress.The Company's commercial Artificial Intelligence (AI) and Machine Learning (ML) technology delivers accurate and automated product inf...Read More
Johnson & Johnson is the top Dow stock today after a post-earnings surgeThe Dow Jones Industrial Average (DJI) has pared yesterday's losses and is up nearly 400 points at midday. Today's rise is powered by earnings results from blue-chips, as well as investor optimism surrounding the coronavirus outlook, despite the number of cases continuing to rise globally. The S&P 500 (SPX) and Nasdaq Com...Read More
Citron called for GSX Techedu's stock to be halted and investigated A bearish note from short seller Citron Research has the shares of Chinese educational specialist GSX Techedu Inc (NYSE:GSX) down 4.3% at $30.06, after hitting a three-month low of $28.29 earlier this morning. Citron said in a tweet that it believes 70% of the firm's revenue is fabricated, and called for the stock to be halted and...Read More