SP Angel Morning View: Gold prices extend gains as dollar slides on dovish pivot expectations

SP Angel Morning View: China EV price war sparked by BYD announcements

Mining Monthly: January Edition

What you need to know: • Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged. • Besides gold, other precious metals, commodities, and battery metals had a mixed month, while uranium’s strong performance accelerated, up 16% in January and hitting its highest price in more than 16 years. • We attended a busy Vancouver Resource Investment Conference in January. Find our top picks from the conference here. Following a

SP Angel Morning View: Uranium spot price holds over $90/lb as production cuts meet ETF and utility buying

Mining Monthly: December Edition

What you need to know: • Gold continued to rise in December, gaining 1.3% on the month and closed out 2023 up 13% to $2,062/oz. Notably, gold hit an all-time high, reaching $2,135/oz, rising above the previous record of $2,072 in August 2020. • Besides gold, other precious metals and commodities had a mixed month, while battery metals continued to underperform. • The mining equities slightly underperformed broader markets as capital flowed into the TSX & S&P500 on the back of a more defined Fe

SP Angel Morning View:

SP Angel Morning View: Metals rise on China state bank rate cuts

Mining Monthly: November Edition

What you need to know: • Precious metal prices were up modestly in November, following strong performance in October. The mining equities outperformed the metals and broader markets as capital seems to have finally started to flow back into the sector. Other commodities also had a solid month. • Gold closed the month above $2,000/oz for the first time in its history. • The lithium price continues to struggle in the wake of a slowing in the adoption rate of electric vehicles amid high interest

SP Angel Morning View: Copper prices fall in Fed inflation focus

SP Angel Morning View: China tightens controls over Rare Earth exports

Anglo Asian Mining* (AAZ LN) – BUY – Environmental action plan agreement paves the way to resume operations Atlantic Lithium* (ALL LN) – Drilling at Ewoyaa continues to show high-grade lithium and new extensions to the Spodumene resource First Quantum Minerals (FQM CN) – Panama congress passes new Mining Act without clause which may negate Cobre Panama licence Galileo Resources (GLR LN) – Wide zone of copper – bearing mineralisation intersected in Shinganda drilling Scotgold Resources (SGZ

SP Angel Morning View: US labour numbers in spotlight as Fed keeps rates unchanged

Critical Metals plc (CRTM LN) – Results highlight transition to copper production at Molulu in the DRC First Quantum Minerals (FQM LN) – First Quantum expects to continue operations at Cobre Panama as it aims to resume negotiations over new terms. Huntsman Corp (HUN N) – Hunstman suspending its plant in Conroe UPEC ‘ultra-pure ethylene carbonate' project in the US

Mining Monthly: October Edition

What you need to know: • Precious metal prices were up substantially in October, rebounding from two months of consolidation, significantly outperforming broader markets which were down during the month. Other commodities and battery metals held in relatively flat. • The price of uranium continued to perform well over the last month and resulted in significant equity financings. • Deteriorating economic data leads us to believe we are approaching a long-awaited pivot after both the BoC and the

SP Angel Morning View: Base Metals prices pause rally as market digests China PMIs

SP Angel Morning View: Gold prices climb as dollar weakens and Treasury sell-off eases