Miners have rarely had more cash. The deposits needed to replace what they mine are becoming considerably harder to find. In the early 1960s, geologists in Nevada began finding gold where miners had spent generations learning not to look. Gold did not always arrive in spectacular veins that could be seen in the rock. Sometimes it was microscopic, scattered through …
Continue ReadingPlatinum has quietly doubled in price since February and just broke through a 17-year high, gaining nearly $500 an ounce in the past month alone. UBS raised its forecast to $2,500 an ounce, pointing to a South African supply crunch and Europe’s reversal on its 2035 combustion-engine ban. Platinum has surged to a 17-year high, gaining nearly $500 an ounce …
Continue ReadingNearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze. To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. …
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