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
CEO Rick Trotman discussed Barksdale Resources' projects and plans and says that from a speculative investment standpoint,Read full newsRead More
Artisanal mining is considered the main source of global mercury pollution.Read full newsRead More
NEW YORK, March 10, 2021 /PRNewswire via COMTEX/ --NEW YORK, March 10, 2021 /PRNewswire/ -- Gold prices rebounded about 2% on Tuesday, surpassing the key...Read full newsRead More
GT Gold, Discovery Harbour surgeRead full newsRead More
Newmont Corporation and GT Gold Corp announced that the companies have entered into a binding agreement in which Newmont will acquire GT Gold.Read full newsRead More
NEW YORK, March 10, 2021 /PRNewswire via COMTEX/ --NEW YORK, March 10, 2021 /PRNewswire/ -- Gold prices rebounded about 2% on Tuesday, surpassing the key...Read full newsRead More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW), a leading global developer and provider of cellular communications solutions for enterprise customers, announces that V.P. of Corporate Development Daniel Kim will present at Maxim Group's Inaugural Emerging Growth Virtual Conference to be held March 17-18, 2021.Investors can view Mr. Kim's general corporate presentation once they registe...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) ("Venzee" or the "Company") an AI-driven platform used for distribution of consumer-facing product information to retailers, announces today additional block sales of its Mesh Connector?,,? product and additional channel requests from two well-recognized home furnishing manufacturers with extensive North American retail networks.Both clients b...Read More
GT Gold (TSXV: GTT) reached an all-time high yesterday, closing up 59.7% to C$3.21 on news of Newmont's all-cash acquisition at $3.25 per share, a 38% premium to GT's 20-day VWAP.GT put the total equity value of the transaction at $456 million on a fully diluted basis, while Newmont put the cash consideration at $393 million.Interestingly Newmont, which already held about 15% of the explorer focus...Read More
Share this article OTTAWA - Global demand for critical minerals is increasing to support the transition to a low emissions global economy. Canada can leverage its mining and processing expertise and world leading environmental, social and governance credentials, and become the global supplier of choice for clean and advanced technologies.Canada's Minister of Natural Resources, Seamus O'Regan Jr.,...Read More
Share this article NexGen Energy Ltd. [NXE-TSX, NYSE American] closed its previously announced bought deal financing. Pursuant to the Offering, the company issued 33.4 million common shares of the company at a price of $4.50 per common share for gross proceeds of approximately $150-million. NexGen has granted the Underwriters a 30-day option to purchase up to an additional 5,010,000 common shares...Read More
(IDEX Online) - Alrosa sold $372m of rough and polished in February, a modest seven per cent increase on last year.By contrast De Beers, its biggest rival, saw comparative sales rise more than 50 per cent.Alrosa described the current balance between supply and demand as "comfortable" both for miners and rough buyers."The recovery in demand for diamond jewelry in key markets well continued in early...Read More
(IDEX Online) - De Beers reported sustained midstream demand as it sold $550m (provisional) from its latest sight, 52 per cent up on last year ($362m).The figure was down, as expected, on January's $663m - a three-year high buoyed by strong US sales from the US holidays, Valentine's Day and the Chinese New Year. De Beers extended Sight 2 in Gabarone beyond its usual week because of...Read More
(IDEX Online) - Family-owned Gunderson's Jewelers has bought the 135-year-old watch and jewelry retailer JB Hudson, based in Minneapolis, USA. Gunderson's, founded by watchmaker George Gunderson in Sioux City, Iowa, in 1945, now has five stores in the Midwest and is owned and run by his grandson Brian Gunderson.It bought JB Hudson from the Pohlad Companies, a holding company for mor...Read More
"From where I sit, the opportunity in front of us is huge," BHP's (NYSE: BHP; LSE: BHP; ASX: BHP) chief technical officer Laura Tyler told the PDAC's virtual convention. "I see great prosperity as we collaborate to discover the commodities of the future ... faster, more efficiently, and more sustainably than ever before."Speaking from Adelaide in Australia, Tyler noted that the last year had been...Read More
London-based Rio Tinto (L:RIO) has signed an agreement to provide the first commercial batch of aluminum-scandium alloy to Amaero, a leader in metal additive manufacturing.The alloy - given the brand name of Element North 21 - will be delivered by the Rio Tinto Fer et Titane metallurgical complex in Sorel-Tracy, Que. The delivery will be made as alloy billets, and Amaero will process them into pow...Read More
S&P Global Market Intelligence's annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.The total exploration budget of $8.7 billion includes estimates for companies budgeting less than $100,000 and private companies. Over half of that amount was de...Read More
The front-end loading engineering (FEL-1) analysis for the second phase of Nouveau Monde Graphite's (TSXV:NOU; OTCOX:NMGRF; FRANKFURT:NM9) lithium-ion anode project in B?(C)cancour, Que., is complete. The study concludes that the new plant will produce 42,000 tonnes of anode material and 3,000 tonnes of purified flake graphite can be produced annually. It will also produce micronized graphite by-p...Read More
Franco-Nevada's (TSX, NYSE: FNV) fourth-quarter and full-year results release includes 'record' annual results, two new stream and royalty additions as well as a 15.4% increase to the quarterly dividend, starting in June.The company has also announced that it has adopted a goal of at least 40% of diverse representation at the board and senior management levels.Last year, Franco-Nevada sold 521,564...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) has closed its previously announced $150-million bought deal financing. The company issued 33.4 million common shares at a price of $4.50 per share. The underwriters, led by BMO Nesbitt Burns and Canaccord Genuity were also granted a 30-day option to purchase up to an additional 5.0 million shares under the same terms.The proceeds of the offering will be used to...Read More