Antofagasta announced a leak in the Los Pelambres concentrate pipeline on June 7. Antofagasta reports that restrictions to access the leak have been partially eased, allowing repairs to begin.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Empire State Manufacturing Survey was unchanged versus a drop of 11.60 in May. Actual was a drop of 1.2. Consensus for May Retail Sales was an increase of 0.1% versus a gain of...Read More

Here's the good news: The stock market didn't lose nearly as much today as it did yesterday. The Nasdaq even posted a 19-point gain.Of course the Dow still lost another 151 points and the S&P lost another 14. The S&P slipped into bear market territory yesterday, which doesn't bode well for the economy.Since 1970, whenever the stock market fell 18% or more over a four-month time frame, the...Read More

The S&P is closing in on bear market territory, which is defined as a decline of 20% or more from recent highs.And it may fall even further. Since World War II, there have been 14 bear markets. The median loss during these bear markets has been 30%, and they lasted about a year (hat tip to Bespoke Investment Group).The Kind of Drop We Haven't Seen in DecadesAnd with the Fed ready to raise inte...Read More

Today's red-hot inflation numbers only reinforce the notion that the Fed will aggressively raise rates at next week's FOMC meeting, and also at July's meeting. We don't have to guess at that. The Fed has already told us that's their intention, even before today's report.It may even "shock and awe" investors with a 75-basis-point hike this month or next month. Markets are predicting 50-basis-point...Read More

You may say it is cynical. You may say it is cancerous - and you would be correct.Yet can you say it is fully false?The “people” give the orders in democracy, say the civics books.Yet deeper probing reveals the American people wield limited influence over their governing affairs.Unelected and unaccountable judges, bureaucrats, pettifoggers, understrappers and jacks-in-office do the pri...Read More

I've said from the start that Russia will win the kinetic war in Ukraine and the global financial war as well.That doesn't mean I'm pro-Russian or condone Putin's invasion. It's just my objective analysis based on the facts.Of course, winning is a subjective term in both contexts. As applied to the kinetic war, winning does not mean a complete conquest of Ukraine. That was never Putin's goal.It me...Read More

Despite strong commodity prices, money has not been flowing into the mining sector - and that is likely to be the case as long as market volatility and uncertainty continue, according to a panel of mining-focused investment bankers at this week's Prospectors and Developers Association of Canada (PDAC) convention. The June 13 conversation, moderated by Northern Miner Group president Anthony Vaccar...Read More

From a lack of skilled professionals to rising costs due to inflation amidst the pressure to quickly build an entirely new industry, Canada must overcome several obstacles before it can build the battery ecosystem it often promotes, industry experts said at a session at this week's PDAC conference in Toronto.While the country has over the last year taken steps to support miners hunting for battery...Read More

Kinross Gold (TSX: G; NYSE: KGC) said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in cash, half of the price announced in April.The Canadian miner suspended operations in Russia in early March to both comply with Western sanctions against Moscow over its invasion of Ukraine and avoid reputational damage by staying in th...Read More

Critical Elements (TSXV: CRE; OTC: CRECF) has delivered a new feasibility study on its wholly owned Rose lithium-tantalum project situated in the Eeyou-Istchee, James Bay region of Quebec, confirming the potential for a low-risk, reliable producer of high-quality lithium.The study envisions a 17-year operation that will excavate a total of 26.3 million tonnes of ore grading 0.87% Li2O (lithium o...Read More

For investors and companies involved in the extraction industries, it has been impossible to ignore the meteoric rise of battery materials in recent years. Over the course of 2021, cobalt prices more than doubled, rising by 119%, lithium prices surged almost 400% and copper prices also reached all-time highs.A significant driver of these price movements is the energy transition, which represents t...Read More

In the Northwest Territories, infrastructure that lags behind southern Canada is limiting the potential of the territory's mining development and increasing its costs as well, said leaders of the N.W.T. government at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto on June 14. Premier Caroline Cochrane and Minister of Industry, Tourism and Investment Caroline Wawz...Read More

CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesGovernment policy towards critical miners will be central to the future development of the sector in the resource-r...Read More

Vladimir Putin stood at a pristine white podium, addressing the collective Russian government - oligarchs and all - as well as millions of Russians watching the State of the Nation address at home.A screen behind him showed a computer-generated simulation of a nuclear attack, with a barrage of missiles pouring down on the Florida peninsula."With the new system, there is no limitation," said Putin....Read More

Share this article TORONTO - Kinross Gold Corp. [K-TSX; KGC-NYSE] has completed the sale of 100% of its Russian assets to the Highland Gold Mining group of companies for total consideration of $340-million in cash. All dollar amounts are expressed in United States dollars, unless otherwise noted. Kinross has received $300-million in its corporate account and will receive a deferred payment of $...Read More

Share this article VANCOUVER - Altamira Gold Corp. [ALTA-TSXV, EQTRF-OTC Pink, T6UP-FSE] has released an exploration update on three projects located in Northern Mato Grosso, Brazil.The three projects cover 163,000 hectares of the Alta Floresta Gold Belt, which has produced an estimated 7.0-10 million ounces from placer mining operations during the gold rush of the 1980s when gold was washed fr...Read More

Boy, does this speak volumes!Living in the U.S., we are often insulated from many of life's harsh realities.I'm not saying there aren't people in this country who are suffering.Indeed, there are - particularly these days with inflationary pressures absolutely gutting the poor and middle class.But make no mistake: For most of us, we don't know what real struggle is.This is certainly the c...Read More

CNBC, Released on 6/16/22Jim Grant, Grant's Interest Rate Observer founder & editor, joins 'Power Lunch' to discuss the recession risks from Fed rate hikes and weighs in on equities.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression:...Read More

Fat Tail Investment Research, Released on 6/16/22Jim Rickards is asked how bad things have to get in the GDP world?>>? before stimulus returns to combat inflation. Jim explains the answer is pretty bad: i?>>?inflation will only come down when rates get high enough, but rates cannot get high enough without causing a recession. Rickards also touches on how the sanctions imposed on Russia are failing...Read More