Oil sands woes set to deepen as shaky petro-dynasty risks defeat

Critical metals, uranium and gold will shine this year driven by accelerating deglobalization and energy security demands, Sprott said.

Ballooning US deficits and a dearth of opportunities to mine gold in geopolitically stable jurisdictions are two major reasons to be bullish on the metal, an annual investor forum in Vancouver heard.

The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.

The MOU creates the foundation for shared interests in possible future mining opportunities.