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
Indonesia 'aggressively pursuing' battery supply chainRead full newsRead More
Auto makers are getting deeper into batteries, and they need to if they want to control their own destinies, writes RBC analyst Joseph Spak.Read full newsRead More
Killed on his way to work in KwaZulu-NatalRead full newsRead More
Q1 2021 Adjusted EBITDA of $5.9 million, representing an Adjusted EBITDA Margin of 19%Reiterated FY2021 guidance for Systemwide Pro Forma Revenue of $170-180 million and Adjusted EBITDA of $40-50 millionThe Company's existing licensed projects at maturity represent a long-term revenue and EBITDA opportunity upwards of $650 million and $250 million, respectivelyPHOENIX - 4Front Ventures Corp....Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF; OTCQB: LEMLF) ("LEAF" or the "Company") is pleased to announce that it has received approval to commence trading its common shares on the OTC Markets Group's OTCQB Marketplace in the United States under the symbol "LEMLF". The Company's common shares will begin trading on the OTCQB on May 25th, 2021 and will continue to trade on the TSX under the symbo...Read More
"China means business with more weekend meetings attended by various agencies and especially the NDRC which states it will ‘severely punish' anyone in our markets for ‘spreading of fake information, price speculation and hoarding'," Marex Spectron's Alastair Munro said.The MySteel Australian 62% fines fell 2.85% to $204.50/t.However base metals were mixed on the London Metal Exchange.G...Read More
(IDEX Online) - Mehul Choksi, the Indian diamantaire facing extradition over an alleged $1.85bn fraud against the Punjab National Bank (PNB) has gone missing on Antigua.Family members are "worried and anxious", says his lawyer, after his car was found - with no sign of him - on the Caribbean island where he currently has citizenship. He was last seen at 5.15pm local time on Sunday 23 May.The...Read More
(IDEX Online) - Diamond manufacturer Shairu Gems says it has become first in India to achieve carbon-neutral status.The Mumbai-based company has been financing emission reduction programs to offset its own carbon emissions.In 2014 the company won international recognition for building the world's first energy-efficient diamond factory (pictured), in Surat.Shairu, a De Beers sight holder with...Read More
(IDEX Online) - The largest purple-pink diamond ever offered at auction sold yesterday for $29.3m, a record high price but far short of its $38m high estimate.The 15.81-carat type IIa IF diamond (pictured) was named the Sakura Diamond because it perfectly matches the petals of the Sakura cherry blossom.It was the highlight of a Christie's Hong Kong live auction.The previous auction record for...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company has about A$25 million cash following a $20 million placement earlier this month.Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationHoles 1-7 at Tandayama-America (TAM) intersected copper and gold mineralisation starting from as shallow as 20m below surface. The best results including 531m at 0.Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAtalaya said two of the permits - Peñas Blancas and Cerro Negro - were located immediately to the east of Riotinto, while the third - Herreros - was located 40km east of the asset and 10kmRead More
In the first six months of fiscal 2021, Evolution Mining (ASX: EVN) banked over 50% of every ounce of gold it produced in terms of its EBITDA margins, posted a return on equity of 18%, and issued an interim dividend of US$247 per oz., or about 12% of its revenue, well above its peers."It's been all about a journey of trying to improve the quality of our assets and focusing mostly on margin and ret...Read More
Gold analysts are pointing to substantial levels of pent-up demand for mergers and acquisitions (M&A) activity in the mid-tier and emerging producer space in the coming months as the world emerges from the pandemic crisis and people can conduct physical due diligence again.One of the hot picks tipped for acquisition is Orezone Gold (TSXV: ORE, US-OTC: ORZCF) and its Bombor?(C) gold development pro...Read More
Quite apart from being exactly the stoical leader we needed during WWII, Winston Churchill was surely the most quotable politician in history. His exhortations relating to the six-year conflict are legendary but Churchill also had some pithy observations about business."Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a stu...Read More
This week's episode features Cameco's Q1 2021 conference call with president and CEO Tim Gitzel, who outlines the company's strategy as well as macroeconomic conditions facing the uranium industry. Gitzel sees a 'less certain' uranium supply as global demand for nuclear power increases. He also lays claim that Cameco is 'Canada's first net zero mining company.'All this and more with online editor...Read More
Local police confirmed on Monday that a senior manager of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) Richards Bay Minerals (RBM) was assassinated in South Africa's KwaZulu-Natal province, Zululand Observer reported.According to media reports, Nico Swart, RBM's general manager of operational services, was shot and killed on his way to work Monday morning. More than 20 high-calibre bullets were fir...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has more than doubled its holdings in Idaho around its Iron Creek project, which the company describes as one of the few primary cobalt deposits in the world.The expansion, the second in a month, increases the company's land position to over 1,820 hectares thanks to an earn-in agreement into Phoenix Copper's (LSE: PXC) Redcastle cobalt asset.Redcastle is nex...Read More
In Chapters One and Two of my new book, The New Great Depression, I explain how the pandemic originated from a bioweapons laboratory in Wuhan, China and how the virus spread around the world, regardless of policies such as lockdowns and masks, which proved to be useless.But, in Chapter Five, I explore one of the least reported and potentially longest lasting legacies of the pandemic - mental healt...Read More
Kumtor remains centre of disputeRead full newsRead More