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
Archer Exploration Limited(ASX:AXE) has this morning informed the market it has identified an ExplorationTarget for its Jamieson Tank Manganese project located near Cleve, SouthAustralia. A review undertaken by AXE ofhistorical drill results at the project has led to the establishment of amaiden exploration target of 15Mt-25Mt at a grade of 8-12% manganese.The Jamieson Tank project - whichis locat...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. Tanzanian graphite developer BlackRoc...Read More
Less than a month after expanding its operations and securing aportfolio of vanadium projects in Finland and Sweden, Pursuit Minerals(ASX:PUR) has reported high grade vanadium mineralisation at the KoitelainenProject's KoitelainenV prospect in Finland. Nine drill holesfrom the prospect produced magnetite concentrates with vanadium values rangingfrom 2.0 to 3.7% V2O5, with a globally significant av...Read More
White Rock Minerals Limited (ASX:WRM) has provided anupdate on its plans to conduct a comprehensive exploration program at its 100%owned zinc VMS project at Red Mountain in Alaska.Personnel crews have begunarriving at the summer field camp, to establish the camp area in preparationfor field operations expected to commence within two weeks. Additional crewsincluding the drillers and the field geolo...Read More
MinRex Resources Limited (ASX: MRR) thismorning updated shareholders on the pre-acquisition due diligence that'scurrently underway on the Pacific Express project in NSW. MRR assessed the extent of scandiummineralisation at the project in more detail, especially the prospect ofdeveloping a potential standalone deposit at the Houston Mitchell prospect,following the discovery of legacy metallurgical...Read More
* Dollar lifted as euro slides on Italian political uncertainty* Dollar index near fresh 5-month high brushed overnight* Aussie, loonie, kiwi supported by ebb in risk aversionBy Shinichi SaoshiroTOKYO, May 17 (Reuters) - The dollar stood tall against a basket of currencies on Thursday, as the euro retreated to a five-month low on concerns the political developments in Italy could cause wider disru...Read More
Classic Minerals (ASX:CLZ) this morning announced that its recentRC drilling program has unearthed high grade gold at the Forrestania GoldProject (FGP) in Western Australia.The company drilled a total of 11 holes for 750m, including twoholes for 174m at new prospect Van Uden West, five holes for 366m at Lady Lila,and four holes for 210m at Kat Gap. The aim of the program was to uncover a newgold s...Read More
Castillo Copper Limited (ASX:CCZ)today announced that it has finished up its first round of drilling at theCangai Copper Mine in NSW and is shifting its focus onto the next campaign. Phase I of the drilling program,which comprised 18 holes along the line of lode targeting deeper sulphidemineralisation, has successfully concluded with assays confirming extensivemineralisation outside the JORC model...Read More
LithiumAustralia NL (ASX:LIT) this morning reported that its subsidiary, the VerySmall Particle Company Ltd (VSPC), is making strong progress towardscommercialisation of its patented battery cathode materials productiontechnology.VSPC'sadvanced laboratory facilities are now operational and production of lithiumion battery (LIB) cathode materials has begun at bench scale. Preparation ofLIB coin cel...Read More
Archer Exploration Limited (ASX:AXE)has today announced that it has entered into exclusive negotiations with TheUniversity of Sydney for exclusive rights to develop and commercialiseintellectual property (IP) related to graphene-based quantum computingtechnology. AXE is working with theUniversity's office of Commercial Development and Industry Partnerships (CDIP). The patent rights are jointlyhel...Read More
LithiumAustralia NL (ASX:LIT) reports that it has identified lithium pegmatite swarmsat the Medcalf Lithium Project. Medcalfis located in the southeast part of the Lake Johnson Project in the highlylithium-prospective Yilgarn Block in WA - some 45 kilometres south-east ofLIT's existing Mt Day Lithium Prospect area. Thelithium pegmatites of the Yilgarn Block are attracting investment from some ofth...Read More
SASKATOON — Shares of Nutrien Ltd., the company created by the merger of Agrium Inc. and Potash Corp. of Saskatchewan Inc., started trading on the Toronto and New York Stock Exchanges today.The company traded under the ticker symbol NTR.The merger saw shareholders receive 0.40 Nutrien shares for each common share of PotashCorp they owned and 2.23 Nutrien shares for each Agrium share they own...Read More
MONTREAL — Canadian initial public offerings rebounded last year from their worst performance in nearly two decades in 2016 as $5.1 billion in proceeds were generated with the prospect for a strong 2018, says Pricewaterhouse Coopers.There were 38 issues from Canadian companies or companies listing on Canadian exchanges in 2017.That included 13 in the fourth quarter, which raised a total of $...Read More
SummaryA 2017 CCPA report found that the average compensation for the 100 highest-paid CEOs in Canada was $9.5 million, which was 193 times higher than the average industrial wage in Canada ($49,510).Extending the analysis to include all CEOs in the survey reduced average compensation by 78.4% to $2.1 million; the ratio of CEO-to-worker pay fell to 42 to 1.Quite telling, the average CEO compensati...Read More
Back in October 2016, Centerra Gold CEO Scott Perry told investors that purchasing the Mount Milligan gold and copper mine would give the company an asset in “one of the lowest risk jurisdictions” in the world — British Columbia.At the time, his company’s other flagship asset, a gold mine in the Kyrgyz Republic, was mired in disputes with the local government about pol...Read More
SummaryAs Canada's most successful metropolitan areas continue to grow, they face pressures to grow outward-through the construction of new communities at the urban fringe-and upward-by accommodating more residents in existing urban areas, leading to higher populations densities. This bulletin compares population densities across 30 cities located in high-income countries.To ensure comparability b...Read More
The early part of the year is typically when there is movement on the Street, and 2018 is no exception.Vancouver-based PI Financial has hired two new staffers for its mining research group. The firm has retained the services of Chris Thompson as head of its mining research group and Justin Stevens as a mining research associate. They both joined from Raymond James where they covered precious metal...Read More
SummarySince coming into office, Prime Minister Justin Trudeau's government has repeatedly claimed to have reduced taxes for middle class Canadian families-a claim based solely on the federal government's reduction to the second lowest personal income tax rate from 22 to 20.5 percent. However, a recent study found that when all the Trudeau government's major changes to the personal income tax syst...Read More
Move over Bitcoin. In 2018, so far, it’s gold that’s catching investors’ attention.Gold hit a four-month high on Friday, trading at US$1,338.39 per ounce on the back of strong production outlooks from companies, higher price predictions from bank analysts and merger activity.“It’s going to get more competitive,” Clive T. Johnson, chief executive of B2Gold C...Read More
One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa.Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It’s a D colour Type IIa diamond, which means it has very few or no nitrogen atoms and is one of the most expensive stones. The diamond is the fifth-biggest ever f...Read More