The many stories underlying last week’s ‘insurrection’ in The U.S. Capitol, which led to a second impeachment of the current President, and the upcoming passing of the torch, lifted market volatility last week, impacting equity markets negatively.
In The Rant, I review the potential repercussions of several policy changes by the incoming U.S. administration on the local mining sector. In the end, the net result looks positive as the demand for industrial commodities may improve while supply may be constrained by a stricter regulatory environment and higher corporate taxes. The effect on the gold market is less certain.
In Stock Talk, a grassroots copper explorer becomes a top ten landholder in Peru, while a PGM explorer in northern Ontario signs important agreements with locals and a copper developer in Alaska gains a critical ‘right-of-way’ on its access road. A gold explorer in British Columbia raises more funds for 2021, and another in Idaho provides the latest round of drill results.
Issue No. 605 – January 17, 2021