A preliminary economic assessment for a mine on Vancouver Island, British Columbia is showing promising economics - despite being in a jurisdiction challenging to build mines.
"My belief is that the most important factor in the gold price, is global faith in the purchasing power of the US dollar, and faith in US Treasury securities."
Gov. Scott Walker voted to ban copper and gold mining in Wisconsin two decades ago. Now he may be asked to lift the one of-a-kind prohibition as his fellow Republicans push to continue opening up the state’s north woods to mining.
After an 11% increase in 2017’s first quarter, the Canadian Mining Eye index dropped 7% in the second quarter, according to professional services firm EY.
Nickel slid 5 percent to a five-week low on Friday after trading fees were raised in China to dampen speculation and steel prices dropped with other metals as investors shunned risky assets after more North Korean tensions.
Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.