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
Main ConclusionsThe Government of Alberta has run nearly uninterrupted deficits since 2008/09 including deficits expected to average over $9 billion annually between 2016/17 and 2018/19.Alberta's deficit today is much larger than the deficit the current government inherited (about $6 billion) when it took office in 2015/16.Blaming depressed oil prices or fiscal challenges that pre-date the recent...Read More
On May 6, 2016, just three days after a wildfire engulfed Fort McMurray, Alta., and forced the evacuation of more than 80,000 people, business icon and philanthropist Peter Munk donated $1 million to the Red Cross to help displaced Alberta families.Measured against all of Munk’s charitable donations — which have totalled more than $200 million — it was a small amount. But this gi...Read More
Canadian gold mining companies have moaned for months that cryptocurrencies and blockchain companies are luring investors who would otherwise put their money into precious metals. Now, Vancouver-based Goldcorp Inc., one of the world’s largest gold producers, is dabbling in its own blockchain investment, albeit in a minor way: This week, it sent 3,000 ounces of gold — worth about U...Read More
A telling story comes to mind when Ammar Al-Joundi thinks back on his time as chief financial officer at Barrick Gold Corp. and its iconic founder Peter Munk, who passed away on Wednesday at age 90.The two men were standing in the expansive lobby of the TD Canada Trust Building, chatting amiably, when Al-Joundi caught sight of an elderly gentleman some 30 feet away who slipped and fell hard on the...Read More
The Insurance Corporation of British Columbia (ICBC) experienced a horrible financial year in 2016-17. It suffered its largest ever annual loss of $889 million, an amount equal to 18 percent of its total premiums, and it is heading for a $1.3 billion loss in 2017-18, which would represent 23 percent of its revenue from premiums. The corporation's claim costs have risen, its investment income has s...Read More
Vancouver’s Teck Resources is buying out a minority partner in a major copper project in Chile at a cost that could reach as high as $262.5 million.The total price tag, however, will depend on copper prices — often considered a barometer for global macroeconomic growth because it is used in so many products — and which at the moment are sliding as the U.S. and China slap tariffs...Read More
It's 11:55 p.m. and Steven Howard has just returned to his hotel room in Beijing after a draining day of meetings to promote his lithium exploration company. The next morning, he would fly to Seoul to do it again, and then on to Tokyo.“I’ve got wings and wheels strapped to my rear end,” he says about his travel schedule which included stops in Hong Kong, Shenzen, Huizhou and Tian...Read More
Victory Mines (ASX:VIC) hasreceived an updated progress report from geology consultant, Xplore Resources, on its NSW assets, confirming that geochemical analysis is now underway. Xplore has concluded the firstphase of the surface soil-sampling program, focused on pre-selected high-prioritytargets aligned with magnetic peaks.Geochemical analysis follows thecompletion of field mapping and preliminar...Read More
Auroch Minerals Limited (ASX:AOU) this morning informed the market that it has completed the acquisition of 90% of the Arden Zinc Project and 100% of the Bonaventura Zinc Project, both located in the world-class mining region of South Australia.The company can confirm the completion of the acquisitions following shareholder approval at a general meeting today. As reported by the company, the trans...Read More
ArcherExploration Limited (ASX:AXE) has today announced the findings of technicalanalysis undertaken at the world-class Australian Centre forMicroscopy & Microanalysis at The University of Sydney. The analysisfocused on the structural and physical properties of graphite samples sourcedfrom its Campoona graphite deposit, via viewing individual carbon atoms at anatomic scale.Theanalysis found th...Read More
The decision by Kinder Morgan to suspend all non-essential spending on its Trans Mountain pipeline despite regulatory approval is yet another sign of the significant problems in Canada's energy sector and indeed our broader economy. Fraser Institute analysts have weighed in on a host of different aspects of this decision and its implications for Canada's investment and business climate. For more i...Read More
ArcherExploration (ASX:AXE) has penned a deal with Urbix Resources for preliminarypurification testing of graphite from its Campoona Graphite Project to identifygrades suitable for battery and energy storage applications.Urbix has developed a low-temperature,non-oxidative purification technique which reduces the input costs andenvironmental impacts whilst still yielding graphite grades suitable fo...Read More
White Rock Minerals Ltd (ASX:WRM) has updated themarket on its plans to conduct a comprehensive exploration program at its 100%owned zinc VMS project at Red Mountain, Alaska. The company has now completed the mobilisationof the major items necessary for its planned exploration program, with thediamond drill rig and camp accommodation, as well as support infrastructure, nowat the camp site alongsid...Read More
Finfeed presents this information for the use of readers in theirdecision to engage with this product. Please be aware that this is a veryhigh-risk product. We stress that this article should only be used as one partof this decision-making process. You need to fully inform yourself of allfactors and information relating to this product before engaging with it.Junior metals explorer Okapi Resources...Read More
Having appointedGreg Hall as Acting CEO effective 1 April 2018, Alligator Energy (ASX:AGE) is now primed to push forward with its exploration work at itscobalt nickel play in Northern Italy, whilst maintaining its uranium projectsin the Alligator Rivers Uranium Province.Hall iscurrently a non-executive director of Alligator Energy and has agreed to assumethe role as CEO on a part-time basis. The f...Read More
Marquee Resources Limited (ASX:MQR)today announced that it has added to its Canadian in-country geological teamwith the appointment of the highly experienced Mr Toby Hughes. Hughes will lead the explorationprogram at the Werner Lake Cobalt project in Ontario, in which MQR has anoption to acquire an interest to earn up to 70%. The company is embarking upon anaggressive exploration program at Warn...Read More
This product isclassified as 'very high risk' in nature due to its location and geopoliticalsituation of the region. Finfeed advises that extra caution should be takenwhen deciding whether to engage in this product, however if you are not surewhether it is suitable for you we suggest you seek independent financialadvice. Black Rock Mining (ASX:BKT) thismorning confirmed its industry-leading ease...Read More
Auroch Minerals Limited (ASX:AOU) has today announced positive results from reconnaissance sampling at its 90%-owned Arden Base-Metals Project. During recent reconnaissance field mapping and sampling, AOU has observed extensive sedex-style base-metal mineralisation at three of the advanced target areas at the Arden Project: Ragless Range, Radford Creek and Kanyaka.Importantly, high-grade zinc, co...Read More
Classic Minerals (ASX:CLZ)yesterday revealed it has secured new tenements in a proven gold and lithiumregion at its Forrestania Gold Project in Western Australia. These recently granted tenements,which are host to gold exploration targets identified by CLZ, have added some 50square kilometres to CLZ's holdings, bringing the total area to 500 squarekilometres.This will be expanded further onceCLZ i...Read More
Alloy Resources(ASX:AYR) today announced that infill sampling has commenced on the stronglyanomalous zones defined by the recent soil sampling program at the OpharaCobalt-Gold Project in the Broken Hill region of far west NSW. The OpharaProject is adjacent to, and has similar geology to, the Thackaringa Cobaltdeposit which has been defined by Cobalt Blue Holdings (ASX:COB). Ten kilometresto the we...Read More