Canadian firms ink multiple deals on lithium projects
The past few days have seen a flurry of activity in the lithium space, with four Canadian and Australian firms announcing acquisitions and earn ins.Li3 Lithium (TSXV: LILI) announced Wednesday…
Metals and Minerals Markets
U.S. markets continue to slide during Dec. 12 – 16 trading week
The Dow Jones Industrial Average fell 556 points, or 1.7%, to 32,920.46, and the S&P 500 lost 82 points or 2.1%, over the week to 3,852.4. The top value gainer…
CMS 2022: Hecla steps up to meet ‘extraordinary demand growth path,’ says CEO Phil Baker
North America’s oldest silver miner, Hecla Mining (NYSE: HL), is set to consolidate its position as the continent’s primary silver leader. It is working to increase U.S. output by 20%…
Analysts forecast a mixed bag for commodities amid global 2023 slowdown
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it’s perhaps no surprise that the only thing that’s certain about the 2023 outlook…
Gold Fields CEO Griffith leaves after failed Yamana takeover
Gold Fields’ (JSE, NYSE: GFI) chief executive officer Chris Griffith is stepping down on Dec. 31, only a month after the company’s failed attempt to take over Canada’s Yamana Gold…
New Sustainable Critical Minerals Alliance to push ‘nature-positive’ mining
Canada has joined the launch of the new Sustainable Critical Minerals Alliance that seeks to pursue environmentally-sound and responsible mining, Natural Resources Minister Jonathan Wilkinson announced Monday.Speaking at the United…
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold…
EU inks deal with Chile to boost access to battery metals, renewables
The European Union (EU) and Chile inked on Friday a fresh partnership deal that will give the bloc greater easier access to lithium, copper and other raw materials that are…
Glencore scraps US$1.3B Australian coal project
Miner and commodities giant Glencore (LSE: GLEN) has shelved plans for a giant A$2 billion (US$1.3 billion) coal mine in Australia’s Queensland state, which would have become one of the…
2023: Outlook not so good
You don’t need a magic eight ball to know that 2023 is probably going to be a tough year. As 2022 comes to a close, it seems we are collectively…
Eldorado Gold reports declining reserve base
Eldorado Gold (TSX: ELD; Nasdaq: ELD) has reported a 7% year-on-year drop in the reserve base underpinning its four operating mines in Turkey, Greece and Canada to 7.4 million oz….
Geotechnical instability forces Teck to suspend Highland Valley pit ops
Diversified miner Teck Resources (TSX: TECK.B, TECLK.A) temporarily closed the Highland Valley copper mine’s Valley pit on Monday. Teck said in a brief news release the closure was a proactive…