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

Atlantic Lithium (ASX: A11; US-OTC: ALLIF) has halted activity at its Ewoyaa project in Ghana after a fatal accident on Tuesday.According to the company, authorities have been notified and an investigation is underway to establish the circumstances that led to the incident.Ewoyaa will be Ghana's first lithium operation. The miner secured in October a 15-year permit for the project.Half of the lith...Read More

Orezone Gold (TSX: ORE; US-OTC: ORZCF) has secured US$105 million in funding commitments to expand its flagship Bombor? gold mine in Burkina Faso, which achieved commercial production in late 2022.The funding comprises a US$58 million three-year loan from Coris Bank International, its current senior lender, and a US$47 million private placement with Nioko Resources, a strategic investor in the com...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) is actively working to expand its exploration activities in Mali to ensure the long-term sustainability of its Loulo-Gounkoto operation, CEO Mark Bristow said yesterday while visiting the operation.The gold giant has started discussions with Mali's National Directorate of Geology and Mines as it seeks to grow its footprint in the country. Since 2021, Mali has be...Read More

Now's the perfect time for the red-hot semiconductors to take a nap.If this year's major chip winners - NVIDIA Corp. (NVDA), Super Micro Computer Inc. (SMCI) and Micron Technology Inc. (MU) - continue to chop sideways or retest key support levels in July, what will be your next big trade this summer?We've discussed several potential summer rotation trade ideas over the past several weeks ranging f...Read More

Shares of Gatos Silver (TSX: GATO; NYSE: GATO) soared to a three-year high on Wednesday after the precious-base metals miner announced record quarterly zinc production from its flagship Cerro Los Gatos (CLG) mine in Mexico.The stock traded as high as US$13.82 apiece in New York, and as of mid-afternoon was up 20.2% to US$13.41 a share, valuing the company at US$942.8 million."Our mine debottleneck...Read More

Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country.The miner said in a note to the local securities regulator (SMV) this week that it was involved in "ongoing negotiations linked to a possible sale of the Pukaqaqa mining project." Pukaqaqa, valued at nearly U...Read More

Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has poured first silver at its expanded Zgounder mine in Morocco, the Canadian miner announced Tuesday. The first pour was achieved on July 2 from the existing cyanidation plant.The pour "marks another significant milestone" in the Zgounder mine expansion as it transitions to full production by the fourth quarter of 2024, Aya CEO Benoit La Salle said in...Read More

Today, we'll ponder the pursuit of honest money and wealth protection in a culture that, more and more, is built on a foundation of untruth, misdirection and outright lies.First, we need to consider lawfare. That's a combination of law and warfare. Instead of one side attacking the other with armies of soldiers, the assault comes via armies of lawyers. And instead of operational movements on a bat...Read More

There's been so much happening over the past 24 hours that it's hard to keep up. The Supreme Court has been releasing several key rulings that will have a major impact on American politics.Just this morning, they overturned the so-called Chevron deference that’s been in operation since the 1980s. Chevron handed the federal bureaucracy extensive authority to interpret statutes as it sees fit....Read More

Chile's state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources' (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami, in a deal valued at about US$500 million.The potential acquisition will make strategic sense for both companies, local paper La Tercera reported on Tuesday, as Codelco would get a hold of a new, ma...Read More

It's been a momentous past week for the Supreme Court. It's released several important decisions that will have a significant impact on American politics. This morning, the Supreme Court issued another major ruling.In a 6-3 decision, the court ruled that presidents do have immunity for official acts that they performed in office. The court ruled that presidents don't have unlimited immunity they...Read More

This week's episode features Northern Miner production editor Blair McBride in conversation with host Adrian Pocobelli on recent developments at Victoria Gold's Eagle mine in Yukon. McBride recounts a series of unusual events, including a heap leach pad failure at the mine, which occurred while he was attending an investment conference in Dawson City. He details the company's and the Yukon governm...Read More

A Martian gazing down from his red perch Mr. Warren Buffett once razzed would marvel that Earthlings dig gold from the ground... merely to re-entomb it in vaults.That is, the business is senseless. It is pointless. It is juiceless.At first blush, our space man is justly puzzled. Why indeed would humans shovel up hunks of metal merely to lock them away, idle?Yet the Martian and the Nebraskan...Read More

Joke Biden didn't invent inflation. But he inadvertently attached his name to it, much like Jimmy Carter did in the 1970s.A few months ago, Greg Ip wrote the most condescendingly asinine article The Wall Street Journal ever had the misfortune to publish. In "What's Wrong With the Economy? It's You, Not the Data," Ip alleged The Great Unwashed(TM) were too stupid to realize how good everything was...Read More

Since the start of the war in Ukraine, I've been warning about the dangers of escalation between the U.S. and Russia. We may be about to take a serious step up the escalation ladder.On Sunday, Ukraine launched an attack on Crimea with U.S.-supplied Army Tactical Missile System (ATACMS) missiles. The target was likely a military installation, quite possibly a Russian airbase.It appears that five AT...Read More

One hundred and three steps. That's how much I had to climb to bring my grandpa his lunch every day at the ore dock.Marquette, Michigan is the hub of America's iron industry. It's where I grew up. My grandpa was the loadmaster at the town's famous ore dock. He spent his entire career working around iron from iron rails, to ore boats, to where he retired, in Marquette.Some 500 million tons of the...Read More

Near Carmacks, Yukon Western Copper and Gold's (TSX: WRN; NYSE-AM: WRN) Casino project sits at the potential junction of a trans-Canadian green power conduit while promising metals needed for the energy transition. The company, which calls Casino the world's fifth-largest copper-gold project controlled by a junior miner, has been buoyed by Rio Tinto (LSE: RIO; ASX: RIO) upping its stake to 9.7%...Read More

Send in the National Guard! Tech stocks are red! The tech sector plummeted nearly 2.5% on Monday following weeks of melt-up action. And the main culprits were some of the same stocks responsible for dragging the averages higher this year, specifically the semiconductors.The VanEck Vectors Semiconductor ETF (SMH) continues to fill those gaps, dropping more than 3.4% yesterday its third straight d...Read More

You've probably heard that the U.S. economy is heavily "financialized." What does that really mean? What is financialization?It's a big topic and not very well defined. It can refer to the dominance of financial activity over traditional business activity in goods and services. It can refer to market bubbles. It can refer to the use of financial instruments in non-traditional arenas such as warfar...Read More

Maybe you've heard that your search results on Google reflect not your curiosities and needs but someone or something else's views on what you need to know.And on Facebook, you're likely inundated by links to official sources to correct any errors you might carry in your head, as well as links to corrections to posts as made by any number of fact-checking organizations.You've likely also heard of...Read More