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
MarketAxess delivered solid Q4 2022 results, showing market share gains. But read why we believe MKTX stock is now seriously overvalued.Read full newsRead More
Sandy Spring Bancorp Inc. (NASDAQ:NASDAQ:SASR) Q4 2022 Earnings Conference Call January 26, 2023 2:00 PM ETCompany ParticipantsDaniel Schrider - Chair, President and Chief Executive Officer...Read full newsRead More
The decision by Secretary of the Interior Deb Haaland to ban mining in 225,000 acres of the Superior National Forest in northeastern Minnesota was castigated by the National Mining Association (NMA)Read More
In addition to finance talks progressing well, the copper price rising and some inflationary pressures easing, the volume of data at the brownfields Nifty operation means "we can make the thing sing," managing director Barry Cahill says as Cyprium Metals moves towards restarting the copper project in Western Australia.Read More
The mining industry is criticizing a United States government decision to remove a large swath of northeastern Minnesota from development for 20 years even as the administration promotes critical minerals projects for national security. The U.S. Department of the Interior on Thursday extended a temporary ban from last year on copper, nickel and other hard rock mining across about 900 sq. km of...Read More
Canada's Northwest Territories is positioned to capitalize on the coming critical minerals supply crunch, says the territory's Industry, Tourism and Investment minister Caroline Wawzonek.The territory, perhaps best known for its initial gold rush of the 1800s and subsequent rich diamond-bearing kimberlite discoveries, is once again welcoming mineral explorers and miners with renewed vigour, Wawzon...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDNorth America is the region forecast to lead the global expansion, with growth in the "mid-to-high" range of 60%,...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has updated reserves and resources for the Yaramoko mine complex in Burkina Faso following its July 2021 purchase of the project through the acquisition of Roxgold Resources. Based on an evaluation of previously completed work, recent brownfield exploration results, as well as mine depletion, proven and probable reserves have dropped by 43%.Yaramoko's pro...Read More
Kazatomprom production was down 3% year-on-year 2022, at 21,819t, and the production guided for 2023 production of 20,500-21,500t.Read More
The world's largest uranium producer, Kazakhstan's Kazatomprom (LSE: KAP), saw its attributable output fell by 4.1% last year to 11,373 tonnes of uranium, down from 11,858 tonnes in 2021.On the news, announced Friday, the company's shares closed marginally higher at ?24.46, reducing the 12-month to slightly more than 7%.In total, uranium production in Kazakhstan (100% of KAP and its partners' pro...Read More
Lundin Gold (TSX: LUG; OTC: LUGDF) has discovered a new mineralized zone south of its rich Fruta Del Norte (FDN) mine in southeast Ecuador, with recent drilling also confirming that the deposit continues at depth below the current resource.Highlights from the surface drilling completed in last year's third quarter include 5.11 grams gold per tonne over 30.3 metres from a depth of 267.7 metres, and...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDInvestors were initially impressed with the 49.Read More
Mexico has two big new mines coming into production at Juanicipio in Zacatecas by Fresnillo and MAG Silver and Las Chispas in Sonora by SilverCrest Metals.Read More
Last June, Joe Biden reportedly snapped at Ukrainian President Volodymyr Zelensky over the phone, raising his voice in indignation. At issue was the amount and nature of U.S. aid being dispatched to repel the invading Russian forces. According to NBC, "Biden had barely finished telling Zelensky he'd just green-lighted another $1 billion in U.S. military assistance when Zelensky started list...Read More
Share this article VANCOUVER - Lundin Gold Inc. [LUG-TSX, NASDAQ Stockholm; LUGDF-OTCQX] reported its initial drill results from the 2022 near-mine exploration program at its 100%-owned Fruta del Norte (FDN) gold mine in southeast Ecuador. Results from the drill program identified new mineralized zones to the south and at depth of FDN's currently defined mineral resources. Highlights and detailed...Read More
B2Gold plans to expand the solar power plant at its Fekola mine and is advancing detailed designs on the project.Read More
Freeport-McMoRan highlighted the difficulty in filling posts - especially for mine vehicle operatives - in its quarterly operational update this earlier week.Read More
Essity AB (publ) (OTCPK:ESSYY) Q4 2022 Earnings Conference Call January 26, 2023 3:00 AM ETCompany ParticipantsJosephine Edwall - Senior Vice President, CommunicationsMagnus Groth -...Read full newsRead More
Gold has returned near its peak value as the US dollar reverses lower and real interest rates slip. Click here to read why I think NEM is a buy as a result.Read full newsRead More
Spotify Technology S.A. reports its Q4 2022 results next week and will provide guidance. Read why I believe that SPOT stock could have a positive risk reward.Read full newsRead More