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
BM Technologies, Inc. (NYSE:NYSE:BMTX) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ETCompany ParticipantsJim Dullinger - Chief Financial OfficerLuvleen Sidhu - Founder,...Read full newsRead More
Elevance Health's long-term EPS growth target has been reaffirmed. Click here to read why I rate ELV stock a Buy.Read full newsRead More
Rigetti Computing, Inc. (NASDAQ:NASDAQ:RGTI) Q4 2022 Earnings Conference Call March 23, 2023 5:00 PM ETCompany ParticipantsSubodh Kulkarni - President and CEOJeff Bertelsen - CFODavid Rivas...Read full newsRead More
Ottawa plans to spend $21 billion over five years on clean technology in one of the main platforms affecting the mining industry contained in Tuesday's annual federal budget.Finance Minister Chrystia Freeland said the amount, including a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, could expand to $80 billion by 2034. "We are g...Read More
I've written at length about how Ukraine is badly losing its war with Russia.The U.S. and U.K. media have been a continuous source of misinformation and lies on this topic, so it's not surprising that most Americans believe that Russia is losing badly.But it simply isn’t true.Over 200,000 dead Ukrainian soldiers speak as if from the grave about how badly Ukraine is losing. They've lost much...Read More
Lundin will pay JX an initial $800 million with $150 million in deferred cash payments over six years. This includes $50 million in five $10 million annual instalments and $100 million in 2029.Read More
The first quarter is almost in the books - and it looks nothing like the Great Tech Reset that shoved the stock market off a cliff in 2022.Bitcoin has exploded higher, posting new 9-month highs after breaking out above $25K.The Nasdaq 100 - the biggest, baddest tech names on the market - just hit new 7-month highs as household names such as Microsoft (MSFT) and Meta Platforms (META) continue to bu...Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
(IDEX Online) - Four gang members have been jailed for at least seven years each after they were caught red-handed in an armed raiders on a Jared jewelry store in Glendale, Arizona, USA.They zip-tied several employees and customers and stole their personal possessions, as well as merchandise from the store, with a total value of $1.5m.Police arrested the four men after a woman dialled 911 during t...Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
(IDEX Online) - Gemfields, the London-based colored gems miner, reported record earnings for 2022, thanks to a post-Covid spike in demand for emeralds and rubies.High demand drove up prices, especially in first half of the year, which resulted in a 32 per cent increase in revenue, to a record high of $341m.But the miner, which owns 75 per cent of the Montepuez ruby mine in Mozambique and the Kagem...Read More
Share this articleVANCOUVER - Fokus Mining Corp. [FKM-TSXV; FKMCF-OTCQB; F7E1-FSE] has intersected grades of 1.18 g/t gold over 27 metres and 1.01 g/t gold over 24 metres, respectively, in drill holes GA-22-66 and GA-22-67, both located in the RB zone at the 100%-owned Galloway project, 30 km west of Rouyn-Noranda, Quebec.Three other gold-bearing sections containing grades ranging from 1.20 g/t go...Read More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
Every tech advancement that promises to significantly disrupt the economy is an implicit war with China. No bullets or bombs are let loose, but the stakes are just as high. China has been on a nonstop mission of economic imperialism for decades now. The communist leaders have sacrificed the social well-being of their citizens in exchange for unfathomable wealth. This drive can never be satisfie...Read More
(IDEX Online) - Brazil's former President Jair Bolsonaro has become embroiled in a second jewelry scandal.He's been forced to hand over precious gems he received during his three years in office.Earlier this month authorities launched an investigation into claims he failed to declare diamond jewelry valued at $3.2m that was seized at at Sao Paulo international airport in 2021.The it...Read More
(IDEX Online) - The government of Botswana is buying a 24 per cent stake in the Belgian manufacturer HB Antwerp, as its long-term deal with De Beers increasingly appears to be in jeopardy.The move heralded "the dawn of a new era for the diamond industry in Botswana," said the country's President Mokgweetsi Masisi.As part of the deal Okavango, the state-owned diamond company, is also entering...Read More
The tectonic forces which created copper hot spots in northern Chile and southern Peru were also highly active in this region of Colombia, where several plates collide and interact.Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
"Our focus during the summer of 2023 will be to inspect and prepare the existing mining infrastructure in the Mountain Block in order to commence mining in early 2024," chief executive EldurRead More