On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York.

Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.

The company expects first drawdown to occur in early to mid-Q4 2023.

Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits.

Both Silvercorp Metals and Pan American Silver, current shareholders of the company, have expressed their desire to participate in the offering.

"It becomes increasingly clear that demand has hit the ceiling amid weaker-than-expected steel sales for September and October," one analyst says.

With the close of Fund III, total assets under management of Sprott Resource Lending Corp. stands at $1.5 billion.

The properties encompass 496 claims, spanning over 22,508 hectares.