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
Vancouver, Canada, based Barrett makes way for McGurk after spending 16 of his 40 years with SRK as CEO. He will continue to perform internal advisory roles and do project work with the firm.McGurk, based in Cardiff, Wales, became a director of SRK in 2015 and is described as an underground mining specialist who has worked in strategic and concept planning, operations management, and business plan...Read More
Company news EMEA Kenmare Resources has reported a 73% year-on-year increase in ilmenite production in the March quarter despite "some impacts" from a surge in COVID cases at its Moma mine inRead More
Seattle-headquartered Seeq said Insight joined the likes of Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners as investors in its product development and growth in markets that also include the chemical, and food and beverage industries."Seeq has established themselves as the leader in process manufacturing and IIoT analytics, and...Read More
After spending a year engulfed in riots following the death of George Floyd, our country is once again awash in protests over another police killing.In this case, police officer Kim Potter has been arrested and charged with manslaughter after fatally shooting a Black motorist. What are the events that led to this?Well, the victim, Duante Wright, was pulled over for having an expired registration...Read More
Fabled Silver Gold Corp. is pleased to announce that it has increRead full newsRead More
* Platinum hits a low since March 31 at $1,164.50/oz * U.S. CPI data due on Tuesday * Russia's Nornickel expects full output to resume at flooded mine (Updates prices) By Shreyansi Singh April 12 (Reuters) - Gold fell on Monday as an uptick in U.S. Treasury yields weighed...Read full newsRead More
Bitcoin provides no true portfolio diversification, says WGC's John ReadRead full newsRead More
The new suggestions have made global headlines - with the dairy industry angry at being left out. But one major health organization said it was 'pleased with the federal government's overall direction'Read full newsRead More
Red metal rises on Goldman Sachs outlookRead full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company") announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a publishing and IdleKit partnership agreement with Bigfoot Gaming Inc. ("Bigfoot") for the global release of a mobile game on iOS and Android (the "Partnership").This is the first collaboration between Bigfoot and ESG. The Partnership is a single...Read More
Copper jumped back above $9,000/t on the London Metal Exchange yesterday, rising 2% to $9,080.50/t.It was a bumper day for copper producers, with Freeport-McMoRan rising more than 7% in New York.In London, Glencore gained 5.44%, Antofagasta rose 4.46% and Anglo American was up 3%.In Toronto, copper hopeful THEMAC Resources Group (TSXV: MAC) rose 57% to a one-year high of C11c on no news.The junior...Read More
Proxy adviser Glass Lewis, one of Glencore's (LSE: GLEN) top shareholders, is pushing investors to vote against the company's plans to pay its new chief executive Gary Nagle up to US$10.4 million.In a report for clients, Lewis said it was concerned that the remuneration package for Nagle was "excessive for a newly appointed CEO with no previous experience of running a publicly listed company."Glen...Read More
As SilverCrest Metals (TSX: SIL; NYSE: SILV) prepares to put its Las Chispas project in Sonora, Mexico into production by the second half of 2022, latest infill and expansion drill results suggest 1.3 km of strike continuity across the three veins in the Babicanora area.The results included assays for 78 holes, totalling 29,308 metres of drilling, completed at the Babi Vista veins and splays, the...Read More
An appeal of an April 2019 lower court ruling that jeopardized Almaden Minerals' (TSX: AMM; NYSE-AM: AAU) Ixtaca gold-silver project in Puebla state - and the validity of Mexico's mining law - will be heard in Mexico's Supreme Court.The appeal was originally brought to the Collegiate (Appeals) Court of Mexico by the Mexican government, and Almaden as an affected third party. However, the court has...Read More
Anglo American (LSE: AAL) has signed a deal to run its Quellaveco copper mine in Peru 100% on renewables, effectively allowing the miner to deliver on its promise of powering all of its Latin American operations by green energy by 2022.The company vowed two years ago to meet power requirements of its copper operations in Chile with renewables by 2021. It also said it expected to have its iron ore...Read More
Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannRegis has agreed to purchase IGO's 30% holding in the Tropicana joint venture for...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company has agreements for its iron ore and nickel operations in Brazil from 2022, for its copper operations in Chile from 2021 and has now signed an agreement with Engie Energia Peru to provide renewable energy for its Quellaveco copper mine in Moquegua, which is expected to begin production in 2022."Cop...Read More
World-class swine Bernie Madoff died in prison yesterday at the tender age of 82.I'll start by saying that I never take any pleasure in a man dying behind bars, regardless of what they've done. However, in Madoff's case, I sincerely doubt that anyone is shedding a tear for perhaps the biggest swindler in financial history. He was a man without a conscience who cost thousands of investors their ent...Read More
Today shares of Coinbase began to trade after the company executed a direct listing. From a reference price of $250, Coinbase shares opened at $381 today, a change of around 52%. At its open Coinbase was valued at $99.6 billion on a fully diluted basis. As of the time of writing Coinbase has apprec...Read full newsRead More
Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada LtdRead full newsRead More