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
Sera Prognostics, Inc. (NASDAQ:NASDAQ:SERA) Q4 2022 Earnings Conference Call March 22, 2023 5:00 PM ETCompany ParticipantsPeter DeNardo - CapComm Partners, IRGreg Critchfield - President...Read full newsRead More
Chewy, Inc. (NYSE:NYSE:CHWY) Q4 2022 Results Conference Call March 22, 2023 5:00 PM ETCompany ParticipantsBob LaFleur - Vice President, Investor RelationsSumit Singh - Chief Executive...Read full newsRead More
Ethereum Shapella hard fork barring any delays is targeted for April 2023, enabling staked and exit withdrawals. Find out why I'm bullish on ETH-USD.Read full newsRead More
scPharmaceuticals Inc. (NASDAQ:NASDAQ:SCPH) Q4 2022 Earnings Conference Call March 22, 2023 4:30 PM ETCompany ParticipantsPJ Kelleher - LifeSci AdvisorsJohn Tucker - CEORachael Nokes -...Read full newsRead More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", reported a slight drop in sales for Q4 2022, down 1.9 per cent to $119.6m.The total number of orders placed by consumers fell by 13.7 per cent, but the average value of those orders rose, also by 13.7 per cent, the company said in its Fourth Quarter and Fiscal Year 2022 Results.Gross profit for the quarter was $65.4m (a 54.7 per cent...Read More
(IDEX Online) - Gem Diamonds delivered a "solid" set of results in 2022, despite increased costs as a result of Russia's invasion of Ukraine.The UK-based miner saw revenue fall by just over six per cent to $188.9m and underlying earnings (EBITDA) down 24 per cent to $43.7m. Profits fell 46 per cent to $20.2m.Gem's Letseng mine in Lesotho, the highest average dollar per carat kimberlite d...Read More
Patriot Battery Metals (TSXV: PMET; ASX: PMT; US-OTC: PMETF) said it has extended the main spodumene deposit on its Corvette project in Quebec by half a kilometre, sending its stock higher. The Vancouver-based explorer's 20,000-metre winter drilling campaign at the project about 300 km east of James Bay has lengthened the CV5 deposit strike another 550 metres to 3.15 km, it said on Thursday. As...Read More
The issue saw Advanced Metallurgical Group (AMG) subscriving for 124 million newly issued shares of Zinnwald Lithium at a 10% premium to share prices in the run up to the deal.Read More
Child said the company had signed several confidentiality agreements to allow potential bidders into its data room, has hosted three site visits and received non-binding offers from threeRead More
Kukielski said the Peruvian electorate is quite balanced, which makes it difficult for any party to ram its agenda through, and that successive presidents have understood the value mining representsRead More
Northern Miner staff writer Colin McClelland recently caught up with Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) CEO Matthew Hornor at PDAC 2023 in Toronto. Maple recently announced assays from the past-producing Eagle mine at its Joutel project in Quebec were the strongest yet and showed a wider mineralized corridor than previously thought. Maple holds the adjacent Douay project in a 50:50 joint...Read More
With construction starting in 2024, the company expects the facility to produce about 50,000tpa of battery-grade lithium hydroxide from multiple sources, with the potential to expand up to 100,000tpa.Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Moving downstream has become a prominent theme among miners eyeing a historically unusual...Read More
Northern Miner staff reporter Colin McClelland recently spoke with Jonathan Lafontaine, mining exploration activity monitor with Quebec's Ministry of Energy and Natural Resources at PDAC 2023 in Toronto. Quebec has one of the most diverse commodity bases in the world, from precious metals, including gold, to bulks like high-grade iron ore and critical metals such as nickel, copper, and lithium. Th...Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.The plant will aim to demonstrate a pathway to lower carbon dioxide (CO2) intensity in st...Read More
Good Thursday morning to you!I've been putting off writing about the demise of my old bank, Credit Suisse. I didn't write about it in the Rude all week because I didn't have the energy to do it justice.But since this Morning Reckoning gives me a bit more latitude, I'll tackle the subject here.If you read the Rude, you know I spent over 11 years of my life over two stints working for Credit Suisse....Read More
(IDEX Online) - HRD Antwerp says it has launched a legal action in the Belgian courts against its former partners in Turkey, alleging they damaged its business reputation.It jointly launched the HRD Istanbul branch with Enstitu Istanbul Bilim Akademisi Yonetim Dan?,, ??...?,manl?,, ?g?,, ? A.S. in 2014 until it terminated the arrangement in October 2021.Ellen Joncheere, CEO of HRD Antwerp, (pictur...Read More
A new report by market analyst Wood Mackenzie argues that steel, aluminium, and copper stand to benefit most from an uptick in China's gross domestic product growth this year.WoodMac suggests that if China's economy grows at the expected base case of 5.5% in 2023, the recovery will remain domestically contained with minimal global impact.However, due to the industry-intensive nature of the high-ca...Read More
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China's gross domestic product growth this year.WoodMac suggests that if China's economy grows at the expected base case of 5.5% in 2023, the recovery will remain domestically contained with minimal global impact.However, due to the industry-intensive nature of the high-cas...Read More
Twentieth-century British philosopher Bertrand Russell once gave a public lecture on astronomy.An attendee - supposedly - claimed that Earth was not situated in space, as this Russell fellow argued...This attendee claimed instead that Earth rested upon the back of a monstrous turtle.Russell asked this individual what particular solidity the turtle was standing upon, what structure held it up.The a...Read More