Category Archives: Mining
Gold Hitting New All Times Highs in 2025!

Gold has been hitting new all-time highs in early 2025 due to several key factors. Central banks worldwide are aggressively buying gold, reducing reliance on the US dollar amid geopolitical tensions. The US Federal Reserve’s shift towards cutting interest rates makes gold more attractive compared to yield-bearing assets. Inflation concerns continue to drive investors to gold as a hedge.
-Additionally, global economic uncertainty and potential US policy changes under President Trump, including tariffs and spending, add to the bullish sentiment. These elements combined suggest a strong demand for gold, pushing prices to historic levels as forecasted by various analysts.
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China – Approximately 370 metric tons.
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Russia – Around 310 metric tons.
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Australia – Also around 310 metric tons.
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Canada – Approximately 200 metric tons.
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United States – Around 170 metric tons.
TARRIFFS 2025!

North America is all in a tizzy with the recent unexpected tarriffs announcement by the white house.
What effect could this have on Canadian exploration and mining companies? This could be serious or it could be ignored since metals are such a necessary part of our economy and national security issues.
-Notwithstanding the fact that Canada actually burned down the white house back in 1812, (at least once??) it is no less uncomfortable to have to deal with this issue yet again.
Once of the reasons is that a legal trade agreement was signed by leaders Trudeau, Trump and then Mexican president Enrique Pena Nieto. This agreement which goes by the anacronym USMCA was signed in 2018 after what was referred to as ‘bitter’ trade talks.
At any rate this agreement is now being ignored by Trump in what Liberal party candidate for prime minister Mark Carney is calling a ‘clear violation of our trade agreements’ and ‘require the most serious trade and economic responses in our history.’
Some are saying this is a negotiating tactic Trump is using and the tarriffs may not even make it into practice although the executive bill has been signed already. At issue is the transport of fentanyl across borders which is killing hundreds of thousands of Americans, a truly awful situation.
The reality of available numbers show that Canada is responsible for less than 1% of the fentanyl entering the United States, and in fact the flow of illegal guns and drugs from the United States into Canada is likely a much much larger problem for Canada with many fentanyl deaths here also.
At any rate Trump has grabbed the headlines but Canada is not backing down citing the implementation of their own powerful set of tarriffs aimed at the U.S.
Ongoing talk is happening on this Feb 03, 2025 and should illuminate how this is going to pan out moving forward.
Apparently 3 pm today (Feb 03/2025) is when Trudeau and Trump will be speaking again.
Talks and a deal have apparently been worked out with Mexico to delay the tarriffs for one month with Mexico providing additional security at their collective border.
Stay tuned!
Gold and Silver Price Breakouts

It has finally happened, silver has broken out past the Feb 2021 high after a long pullback and consolidation. Gold has broken out weekly gold chart to new all time highs of course as everyone who follows the sector knows by now. This happened back in April 2024 and price per ounce has been appreciating ever since, much to the delight of gold bugs everywhere!
In fact Goldman Sachs just announced their new gold price estimate: Goldman Sachs raises gold price target to S$2,900/oz by early 2025 on sovereign buying, fund flows.
“We reiterate our long gold recommendation due to the gradual boost from lower global interest rates, structurally higher central bank demand and gold’s hedging benefits against geopolitical, financial, and recessionary risks,” the bank said in a note.
Silver on the other hand has just broken out albeit not to all time highs, but nevertheless it has broken out of a significant resistance area. Weekly silver chart.
Now the gold/silver price ratio is still at historically highs of about 82:1 whereas a healthy ratio some investors believe to be as low as 16:1! Therefore many people (experts??) are calling for much higher silver prices and have been doing so for a long time. So these are exciting times for silver buffs and we could see various events coming together for a long awaited bull market in silver and silver mining companies.
Hold on to your hats and lets see what bargains are out there. CJR has been following Mexican based silver producer Avino Silver and Gold Mines for many years. We are currently seeing a breakout above the price going way back to July 2021, with shares trading at $1.56 (cad). CJR does not currently own shares and Avino is not a client. However we may soon own shares since we see this well managed silver producer as a solid way to participate in what looks like a coming silver bull market.
Stay tuned for more info on these exciting breakouts…
Editor
CJR
2024 Uranium Prices On The Rise

Spot uranium prices continue to remain comparatively strong with spot uranium currently trading at $92.15 USD.
There are various reports that the overhang of uranium and recycled uranium in the form of Soviet era weapon grade uranium have been almost completely used up and new sources need to be supplied.
There is also a recent bill signed by the U.S. Senate and passed through to President Biden to sign into law which bans the import of ‘low enriched uranium’ (LEU) of Russian uranium.
This places further pressure on western companies to supply more of the yellow cake. The ban will come into effect 90 days after the date of the enactment and will terminate in 2040, so the game is afoot as they say. It has been estimated that the shortage could total 1 billion pounds by the year 2040.
The Sprott Uranium Miners ETF symbol URNM is trading at $53.95 usd which is fairly near its all time high of $58.96 usd so it continues to boast a healthy looking chart.
The Sprott Junior Miners ETF symbol URNJ is also appearing relatively strong, trading at $27.83 usd with an all time high of $30.27 usd. Will a breakout occur soon?
Interesting times for the uranium mining industry and at last a chance to profit from all the hard work that has been going into this sector for years now. It has been noted that restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.
Please stay tuned for more reports on uranium mining and mining exploration companies.
Disclaimer: Editor holds no shares in the Sprott Uranium ETF or the Sprott Junior Miners ETF at present but may buy or sell at any time in the future.
Appia releases 43-101 on their PCH Project

Lots of very impressive progress being made over at Appia Resources recently -including filing an NI 43-101 technical report on their PCH Project in Brazil. Compared to most companies this is quite an amazing accomplishment because they only acquired the PCH Project last year at PDAC 2023!
The short version of this report is:
6.6 Million Tonnes Indicated Grading 2,513 ppm TREO
46.2 Million Tonnes Inferred Grading 2,888 ppm TREO.
The discovery has been described as having ‘astonishing’ grades.
What is truly inspiring about this NI 43-101 in addition to the speed at which they have been accomplishing exploration, is the fact that they have only explored just over 1% of the property they have under their claims located in the state of Goias Brazil. The maiden resource was generated through only 2 zones known as Target IV and Buriti Zones. The bluesky upside with so much prospective area left to explore is obviously of very high potential. The PCH Project

Appia’s PCH Project-Goias, Brazil
Additional news: Appia has also just announced the hiring of a market maker company in order to monitor and assist in maintaining an orderly market in their shares. The company is called Generation IACP and is based in Toronto.
Press Release:
More additional news: Another significant development is the addition of a new VP of Exploration for Brazil operations, Mr Andre Costa. ” Mr. Costa will oversee the ongoing development of the Company’s PCH Ionic Adsorption Clay project located in Goias, Brazil.” As a consultant to a company called G21 Mr Costa has overseen various projects in Brazil including work for TSX/V listed Aclara Resources also in Goias state, managed exploration work for Codelco, exploratory and drilling work for Lithium Ionic, exploration work for Largo as well as Eco Mining and Bemisa. Therefore he has worked on many projects in various parts of Brazil and has extensive experience in the exploration field, making him an ideal candidate at an ideal stage of Appias development in that country. In total Mr. Costa has 29 years of experience including 9 years in Canada with a stint as Resident Geologist at the Saskatchewan Geological Survey. Saskatchewan happens to be where Appias other rare earth exploration project Alces lake is located, so very good synergy there as well.
APPIA ANNOUNCES APPOINTMENT OF MR. ANDRE COSTA AS NEW VP EXPLORATION FOR BRAZIL OPERATIONS
All in all some great things happening at Appia and with the current state of the junior exploration markets still undervalued and under appreciated, there seems to be plenty of room for upside in their market valuation.
The editor of this article has owned shares in Appia pre-public and continues to hold.
Disclaimer, the editor may buy or sell shares at any time.
Latest Video: Appia Rare Earths and Uranium Corp.

Appia has been very busy with 2 drill campaigns happening simultaneously currently in 2023.
ALCES LAKE SASKATCHEWAN:
One is the Alces Lake Rare Earth Project located in northwest Saskatchewan. This is the 2nd year of serious diamond drill exploration on the property and the company is about to start releasing results from the summer/fall drilling.
PCH PROJECT BRAZIL:
A very fortuitous gain of an ionic clay PCH Rare Earth Project in Goias Brazil has also been keeping the company busy drilling. Assay results are just beginning to be delivered from this property also and they are looking excellent. They have gone deeper and have been rewarded, and also plan to explore much more of the property.
Exciting times for the company and management who have been working diligently on developing rare earth prospects for some years now. Congratulations that the hard work is paying off.
Here is a link to the Latest Appia Video with CEO Tom Drivas, (Oct 24 202).
This video is over an hour long and provides a comprehesive view of the latest company updates.
Disclaimer: Editor holds shares in Appia and was an original investor in the 1st financing.
Mines and Money 2023

The annual Mines and Money conference could be considered the next significant mining event upcoming up in 2023. It is happening in London England as per usual, this year it takes place from Nov 28th to Nov 30th. Mines and Money/London website link
-Observing this conference can be a good way to “take the temperature” of the junior mining exploration. industry, especially as a precursor to the annual PDAC condference which happens early every March in Toronto.
-Keeping an eye on awards given out at Mines and Money, plus who is getting financed and which sectors are popular can give investors some valuable clues as to where the overall industry is heading.
We will be watching Mines and Money 2023 with a keen eye this year!
Appia acquires Brazilian Ionic Clay Property

There has been a lot of excitement at Appia Rare Earths and Uranium Corp. since PDAC 2023!
The acquisition of a Brazilian ionic clay property has caused a lot of eyebrows to be raised because a property like this doesn’t come around every day. It was apparently pursued by various highly interested companies but Appia came out with the prize.
The Cachoeirinha Project (the “PCH Project”) is located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Here is the press release announcing the acquisition plus initial assay results:
https://www.appiareu.com/news/releases/appia-receives-positive-assays-results–announces-plans-to-proceed-with-the-acquistion-of-ionic-clay-project-brazil
Disclaimer: The editor of The Canadian Junior Report is a long time shareholder of Appia stock and may buy or sell at any time.
Junior Exploration Companies 2023 Update

After experiencing what appears to be a bottoming phase in market cap/share prices prices in October 2023, it appears that the worst may be over for investors in the junior company exploration sector.
The market caps of many of the companies on the junior exchanges have risen 20% to 100% or more and many have held their gains – much to the relief of battered investors.
There are various reasons for the cyclical nature of this sector, some easier to identify than others.
The demand for traditional as well as more exotic minerals is not going away anytime soon it appears. In fact there is incredible demand for some metals and minerals in our current technological society.
-For example the demand for lithium hydroxide seems to know very few bounds and the price has soared to $79,000.00 per ton (U.S).
Lithium Chart- Feb 01, 2023
Lithium is used in batteries for the electric vehicle market and this has spurred a major amount of exploration activity for new lithium deposits around the globe.
-Demand for copper is reportedly going to reach unheard of numbers in the near future as well, although price has not really reflected that as of yet. As seen on the internet, a report from S&P Global forecasts that “global demand for the metal could double by 2035, from 25 million metric tons to 50 million metric tons.”
The report also stated that “by 2030, supply from both existing and projected copper mining activities will meet just 80% of our needs.”
Copper Charts from Kitco.com
-In fact all of the minerals used in electric vehicles such as copper, aluminum, manganese, indium, rare earth elements, helium, cobalt, graphite and potash are apparently much needed in our society moving ahead.
-This is not even mentioning the uranium sector which is really a great solution for a lot of our energy problems according to many experts in the field, as the carbon generation is virtually non-existent with nuclear energy.
-So in speaking for weary investors, we say let the good times return to this sector, it has been a long wait!!
Romios announces appointment of new CEO Stephen Burega

It looks like an exciting new day for Romios with the appointment of Stephen Burega as CEO!
Mr Burega was formerly serving as President of Romios.
Press Release announcing appointment.
Tom Drivas who founded the company approximately 27 years ago is stepping down. Mr. Drivas has assembled what we see as an impressive assembly of land claim packages over the years, with a significant deal being done with Enduro Resources a few years ago on several of their B.C. Golden Triangle claims.
The company plans to focus on Nevada moving forward.
“Plans are currently underway to move the Company’s assets forward with a focussed effort to streamline our approach and to bring our Nevada assets to the forefront of future exploration activities. We are actively looking for strong partnerships for our core assets in British Columbia and Ontario. All exploration activities will be supported with a well-developed communications and marketing effort that began in early 2022 to re-introduce the Company to the investing marketplace.”
With the recent addition of highly experienced geologist Joh Biczok we are seeing this as a very exciting next stage of development for Romios. Mr. Biczok has close to 40 years of experience and is a registered Professionial Geoscientist in Ontario
Mr Biczok spent 12 years conductiong research and exploration at the Goldcorp Musselwhite Mine most recently as senior exploration geologist and senior research geologist.
Stay tuned for more exciting developments from Romios, a very well positioned exploration junior.