British Columbia’s mineral exploration spend up 28% – report

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Nationally, despite seeing a marginal decrease, Canada’s exploration expenditure remained third in global rankings behind South America and Australia. The latest annual British Columbia Mineral and Coal Exploration Survey finds that exploration spend across the province increased by 28% year-over-year to C$422m — just short of the highs experienced in 2011 and 2013. “Though the… Read More

MINING.COM MINUTE: Biggest stories of the week

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MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry. [embedded content] This week’s top stories: Resource nationalism surge spells rough times for miners – Read more Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal – Read more Copper price crashes through $4.00, down 7% – Read more… Read More

Bond Yields Roil Markets, Gold/Silver Drop

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Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. As financial markets sold off this week, precious metals got dragged down in the selling. The culprit, once again, was rising bond yields. On Thursday, the 10-year Treasury climbed above 1.5%. While still low on a historical range, the upside momentum has investors concerned. Over… Read More

Sprott Money News Weekly Wrap-up – 3.5.21Sprott Money

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Technical analyst market forecaster David Brady joins us for a discussion of the current trends in the precious metals as well as his forecast for where prices will head later this year and into 2022. You can submit your questions to submissions@sprottmoney.com Visit our website https://www.sprottmoney.com​​​ for more news.Read MoreSprott Money

Global Battery Metals acquires Lithium King property in Utah

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Global Battery Metals acquires Lithium King property in Utah 5lGAqR

According to Global Battery Metals, Lithium King has the potential to host a lithium and magnesium brine deposit. Both materials are present on the site as dissolved salts in a large surface brine aquifer, which is believed to be derived from both surface erosion of lithium-rich rhyolites and mineral-rich geothermal brine flows that go into… Read More

Gold’s Cruel Performance: Should You Be Worried?

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It’s an alarming and uncomfortable feeling for many gold investors. As stocks continue to soar, gold notched its worst month in 4 years falling 6% in February. While a 6% down month may not feel great to your portfolio, it’s nowhere even close to some of the worst months gold has faced. You’ll see in… Read More

Petra sells 299 carat diamond for $12.18 million

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299 carat Type IIa white gem quality diamond recovered at Cullinan in January 2021 wsIG22

The freshly sold find adds to other most famous diamonds unearthed at Cullinan, such as “The Blue Moon of Josephine”. This 29.6 carat blue diamond sold for $48.5 million in 2015, a world record price per carat for any diamond sold at an auction at the time. It achieved $40,701 per carat, which exceeds the… Read More

Doubling Down: Silver & Commodities – Mike Maloney

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Join Mike Maloney, Jeff Clark and Adam Taggart as they discuss the most recent events in silver. You’ll hear news on a new book, see a chart that proves silver is manipulated, and one of the guests will be ‘honked’ for referring to currency as money….who will it be? Download Mike’s best-selling book for free… Read More

Copper price crashes through $4.00, down 7%

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Copper price crashes through USD4.00 down 7 percent 7Pwem2

The carnage spilled over onto equity markets with top copper producers hammered led by the world’s number two diversified miner Rio Tinto with a double-digit loss and copper giant Freeport McMoRan, down more than 9% after 30m shares changed hands in New York.  Source: Koyfin The copper price touched an intra-day high of $4.37 a… Read More

Generation Mining feasibility defines 13-year open pit mine

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With all-in sustaining costs pegged at US$809 per palladium-equivalent oz., and an initial capital cost assumption of $665 million, the after-tax net present value for the development is estimated at $1.1 billion with a 29.7% internal rate of return and a 2.3-year payback. These numbers are based on a 6% discount rate for the NPV… Read More

Battery grade lithium prices in China surge 68%

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Benchmark lithium price index Feb 2021 6PodIP

Benchmark’s megafactory tracker points to the extent of the rise in demand reflected in China’s battery production figures, which totalled 12 GWh in January, an increase of nearly 320% compared to the same month last year, when the country was in the first stages of the pandemic. The surge was led by production of LFP… Read More

Savannah’s Portugal lithium project may be cheaper than expected

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“Removal of up to one quarter of the ore feed going into the flotation circuit could have significant positive implications for the capital and operating costs of this section of the concentrator and the project overall,” chief executive David Archer said in the statement. Mina do Barroso is expected to become Europe’s first significant producer… Read More

Money and statistical delusions

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I can prove anything with statistics, except the truth — Lord Canning, c. 1819 Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the last two hundred years? This article tests that proposition. It is still true, because of the interests for which statistics are… Read More

The US broke record on energy storage deployment in Q4-2020

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The US broke record on energy storage deployment in Q4 2020 iEPWnH

“As prices fall and barriers to storage deployment are eroded, front-of-the-meter (FTM) storage is taking off in the US,” the report reads. “Four out of every five megawatts deployed in Q4 were FTM storage. The segment contributed 529 MW out of the total 651 MW of storage deployed in Q4. California saw the lion’s share… Read More

Turquoise Hill CEO quits on Rio Tinto meddling

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Turquoise Hill had expected the underground expansion to cost $5.3 billion when it was approved in 2015. Last year, however, the world’s second largest miner flagged stability risks associated with the original project design, adding that amendments to it could increase costs by as much as an additional $1.9 billion. The Vancouver-based miner warned at the time of further… Read More