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
The index ARGT tracks has interesting and notable constraints and requirements that impact its allocation. Read why ARGT ETF is a Buy.Read full newsRead More
Apple has fallen 9% in the first year since the 4-year dead money call made in March 2022. Check out my one-year update on my 4-year sell call on AAPL stock.Read full newsRead More
The B.C. Securities Commission (BCSC) has handed out nearly $1 million in penalties to three local residents for their involvement in what it calls "an elaborate fraud" that promised investors large returns on non-existent gold mining operations in Africa and Brazil.In a ruling issued on March 2, 2023, a BCSC panel ordered Sabrina Ling Huei Wei to pay a $500,000 administrative penalty, plus a $90...Read More
Residents of Espinar and Chumbivilcas provinces agreed to the strike in the Cusco region on Monday and from Tuesday will resume the blockade of the so-called "mining corridor," according to documentsRead More
The shift to green energy will demand the use of all metals, not just critical in a multi-trillion dollar industrial transition, said McKinsey's Ken Hoffman at PDAC in Toronto on Sunday.Delivering the first keynote speech of the four-day conference, Hoffman, who is head of the consultant's battery raw materials team said that key critical metals like lithium and cobalt will be needed for the trans...Read More
NioCorp Developments (TSX: NB; US-OTC: NIOBF) saw its shares rally on Monday following the announcement that it has received interest from the Export-Import Bank of the United States (EXIM) for a potential financing of up to US$800 million for the company's proposed Elk Creek critical minerals project.The funding, should it be granted, will be provided through EXIM's "Make More In America" initiat...Read More
The historic South Crofty tin mine was closed in 1998. Cornish metals in 2022 raised £40.5 million to fund a mine water treatment plant, dewater the mine, and complete a feasibility study.Read More
(IDEX Online) - Watch and jewelry sales in the US fell for a fourth consecutive month in January. A mood of caution persists within the industry and, to some extent, among consumers. Trade is slow and production is low. The January fall is provisionally recorded at 2.1 per cent by the US Department of Commerce, though that is likely to revised next month. December was initially reported a loss of...Read More
When Golden Arrow Resources (TSX: GRG; US-OTC: GARWF) learned that Japan's Sumitomo Metal Mining wanted to exit Chile and was putting its San Pietro copper-gold-cobalt project on the market, the Canadian junior explorer had the wherewithal to pounce. Flush with cash from the sale in September 2019 of its Chinchillas silver mine to SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) in a cash-and-share...Read More
The company aims to reduce its greenhouse gas emissions by 50% by 2030 and to reach net zero by 2050. The company expects its journey to cost US$7.5 billion through 2030.Read More
Ontario has approved another small step on the long journey to build an all-season road to the Ring of Fire minerals area in the province's far north.The province granted the terms of reference for an environmental assessment of the Northern Link road, the last terms approved among the three roads planned for the area 540 km northeast of Thunder Bay. The plans were submitted by the Webequie and Ma...Read More
Nine Mile Metals' (CSE: NINE; US-OTC: VMSXF) flagship Nine Mile Brook critical minerals project in northern New Brunswick sits in the heart of the Bathurst Mining Camp, a circular area of about 70 km in diameter in the province's Miramichi Highlands. The BMC hosts 46 known deposits (25 with reserves over 1 million tonnes) and another 100 mineral occurrences, according to the province's Ministry o...Read More
Iamgold (TSX: IMG; NYSE: IAG) has appointed Renaud Adams as its new president and chief executive officer, effective Apr. 3.Adams replaces board chair Maryse Belanger, who was acting as interim president and CEO during the executive search process.The Toronto-based gold miner has also named Maarten Theunissen as permanent chief financial officer, having served as interim CFO since September.Adams...Read More
After 15 years funding Canadian exploration in more than 450 financings advancing billions of dollars to hundreds of issuers on behalf of thousands of clients, we at PearTree share the sector lament best said by the late comedian Rodney Dangerfield: "I get no respect." (Those under 45 are now hitting YouTube - as you should, in which case our job here is mostly done.) Over the past three years...Read More
Cabacal will produce an annual 131,100ozpa gold equivalent at an all-in-sustaining cost (AISC) of $671/oz during the first five years of a 22.3-year mine life.Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence. TNM Drill Down Feb. 24-Mar. 3, 2023.Projects on three corners of the planet led results for the Feb. 24 to March 3 period. Rox Resources' (ASX: RXL) Youanmi project in Australia topped the chart followed by Dundee Pr...Read More
Fortified with fresh leadership and financial backing, Canagold?EUR?Resources (TSXV: CCM; US-OTC: CRCUF) is advancing its 100%-owned New Polaris flagship project in northwestern British Columbia with fresh high grade drill results and plans for a revised resource estimate in the first quarter of 2023. On Feb. 6, the Vancouver-based junior reported assay details for 21 drill holes from the 2022 ex...Read More
Putting local content at heart of ESG effortsSPONSOREDsaudi ministry of industry and mineral resourcesBarksdale has line of sight on Sunnyside permitSPONSOREDbarksdale resourcesMid-tier Aeris on copper growth trajectorySPONSOREDaeris resources Alma in right commodity at right addressSPONSOREDalma metalsThe 22% price drop from US$31,200 a tonne three months ago to latest trades at $24,385/t is a di...Read More
Robert Friedland, founder and executive co-chair of Ivanhoe Mines (TSX: IVN), says the West shouldn't go to war over Taiwan because it needs investment from China to mine metals for the global green energy transition. Canada's order last year for China to divest from Canadian companies' critical minerals projects deprives junior miners when investment bank Goldman Sachs says US$2.8 trillion i...Read More
"The rich buy assets. The poor only have expenses. The middle class buy liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them." - Robert KiyosakiDear Outsider,My New Year's resolution is always the same...Read more books.So I started off this year by reading a book I'd only heard good things about...Robert Kiyosaki's Rich Dad Poor D...Read More