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My Downside Target for the S&P 500

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Things heated up this week on , featuring interviews with Kristina Hooper of Invesco, Keith Fitz-Gerald of The Fitz-Gerald Group, and Jordan Kimmel of Magnet Investing Insights!

Now that 5850 has been clearly violated to the downside, though, it’s all about the 200-day moving average, which both the S&P 500 and Nasdaq 100 tested this week. Friday’s rally kept the SPX just above its 200-day moving average, which means next week we’ll be looking for a potential break below this important trend-following mechanism.

Fibonacci Retracements Suggests Downside to 5500

But what if we apply a Fibonacci framework to the last big upswing during the previous bull phase? Using the August 2024 low and December 2024 high, that results in a 38.2% retracement level at 5722, almost precisely at the 200-day moving average. So now we have a “confluence of support” right at this week’s price range.

If next week sees the S&P 500 push below the 5700 level, that would mean a violation of moving average and Fibonacci support, and suggest much further downside potential for the equity benchmarks.  Using that same Fibonacci framework, I’m looking at the 61.8% retracement level around 5500 as a reasonable downside target.  With the limited pullbacks over the last two years, most finding support no more than 10% below the previous high, a breakdown of this magnitude would feel like a true bear market rotation for many investors.

Supporting Evidence from Newer Dow Theory

So, despite rotating to more defensive positioning in anticipation of a breakdown, what other tools and techniques can we use to validate a new bear phase in the days and weeks to come? An updated version of Charles Dow’s foundational work, what I call “Newer Dow Theory”, could serve as a confirmation of a negative outcome for stocks.

Charles Dow used the Dow Industrials and Dow Railroads to define the trends for the two main pillars of the US economy, the producers of goods and the distributors of goods. For our modern service-oriented economy, I like to use the equal-weighted S&P 500 to represent the “old economy” stocks and the equal-weighted Nasdaq 100 to gauge the “new economy” names.

We can see a clear bearish non-confirmation last month, with the QQQE breaking to a new 52-week high while the RSP failed to do so. This often occurs toward the end of a bullish phase, and can represent an exhaustion point for buyers. Now we see both ETFs testing their swing lows from January. If both of these prices break to a new 2025 low in the weeks to come, that would generate a confirmed bearish signal from Newer Dow Theory, and imply that the bearish targets outlined above are most likely to be reached.

Many investors are treating this recent drawdown as yet another garden variety pullback within a bull market phase. And while we would be as happy as ever to declare a full recovery for the S&P 500, its failure to hold the 200-day moving average next week could be a nail in the coffin for the great bull market of 2024.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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Sector Rotation Warning: More Downside Ahead for US Markets?

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In this exclusive StockCharts video, Julius analyzes sector rotation in US markets, assessing recent damage and potential downside risks. He examines the Equal Weight RSP vs. Cap-Weighted SPX ratio and the stocks vs. bonds relationship to identify key market trends. Don’t miss this deep dive into market rotation and what it means for the next move!

This video was originally published on March 7, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

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Lode Gold Strengthens Board of Spin Co Gold Orogen Ahead of Tax-Efficient Spin-out

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce the proposed appointment of Bill Fisher and Rajesh Sharma to the Board of Directors of its upcoming spin-out company, Gold Orogen. The spin-out is scheduled for March 2025, with a shareholder meeting set for March 10, 2025, to approve the tax-efficient plan of arrangement.

The proposed appointments of Bill, Rajesh and the other Directors will be subject to shareholder approval at the Company’s Annual General Meeting (AGM) on March 10, 2025. Their appointments will be finalized following the AGM.

The proposed Gold Orogen Board will include:

  • Hashim Ahmed
  • Wendy T. Chan
  • Chad Tappendorf
  • Ron Tomlinson
  • Jonathan Hill
  • Bill Fisher (newly proposed to be appointed)
  • Rajesh Sharma (newly proposed to be appointed)

Bill Fisher, BSc, P.Geo
Director (Proposed)

Bill has a successful track record, marked by notable exits. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company’s acquisition by Kinross Gold for $1.2 billion in 2008. Fisher also transformed GlobeStar Mining Corp. from an exploration company to an emerging mining company, developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was later sold to Perilya for $186 million.

With over 40 years in the mining industry, he is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Currently, Bill serves as Chairman of GoldQuest Mining Corp., overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He also holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and previously served as Chairman of Treasury Metals, developing the Goliath Gold Project in Northwest Ontario.

Rajesh Sharma, ICD.D
Director (Proposed)

Rajesh brings extensive global leadership experience across the mining, exploration, metals, and international trade sectors. His career highlights include leading large-scale mining start-ups and exploration companies, as well as successfully completing several investment and acquisition deals. Within the Tata Group, Rajesh held multiple leadership roles, serving as CEO and Board member of various exploration, mining, and investment subsidiaries of Tata Steel in Canada and Africa. Additionally, he served as Executive in Residence at Investissement Québec. Rajesh holds degrees in management and engineering from IIT Roorkee and completed a scholarship program on Globalization and Leadership at the London School of Economics.

Biographies of the other existing Directors from Lode Gold joining the Board of Directors include:

Wendy T. Chan BSc, MBA, ICD.D
CEO

Wendy formerly held positions with Skeena, Roxgold and Novo Resources. She brings over 20 years of experience in developing and executing strategic plans for both Fortune 500 and entrepreneurial companies with global outreach.

Throughout her career, Wendy has demonstrated proficiency in managing businesses with full P&L responsibilities, consistently driving profitability. Her operational experience includes leading cross-functional teams and spearheading negotiations for multi-million-dollar projects. Wendy’s global perspective is evident in her work on key development initiatives involving JVs, strategic alliances and mergers and acquisitions across diverse regions, including Asia, Australia, Africa and the Americas.

Hashim Ahmed, CPA
Interim Chairman Director

Hashim is a seasoned financial executive with over 20 years of experience in finance, accounting, tax and governance. He currently serves as Executive VP and CFO of Mandalay Resources.

Prior to joining Mandalay, Hashim held key positions in the mining industry, including Interim CEO of Nova Royalty and CFO of Jaguar Mining. His career also includes a significant tenure at Barrick Gold, where he spent seven years in progressively senior finance positions, both in Canada and with site finance teams in Chile. Hashim’s expertise extends beyond the corporate realm, as he is a member of the Audit Committee of the Government of ‎Ontario, showcasing his broad financial acumen and commitment to public service.‎

Chad Tappendorf, CFA, MBA
Director

Chad is a Partner at Coast Capital, a New York-based investment firm with focused interests in the mining sector. His extensive experience spans globally in both private and public equity investments, demonstrating a broad understanding of diverse industries and market dynamics.

Throughout his career, Chad has held board memberships across various sectors, including resources, logistics, real estate, and consumer goods. His expertise extends to managing multi-billion dollar private equity portfolios, showcasing his ability to handle large-scale investments and complex financial strategies. Chad’s skill set encompasses the entire investment process, from identifying new opportunities and conducting thorough due diligence to performing valuations, negotiating deals, and structuring transactions and tax arrangements.

Jonathan Hill, Fellow AUSIMM, BSc (Hon) Econ Geo
Technical Director

Jonathan is a highly accomplished mining industry veteran with over 35 years of experience in exploration, project development, and mining operations worldwide. As the Founder and Principal Advisor of Exploration Outcomes Ltd., he leverages his extensive expertise to provide strategic guidance in the sector.

Throughout Jonathan’s career, he has played a pivotal role in numerous world-class gold and copper discoveries across both greenfield and brownfield projects. His tenure at AngloGold Ashanti was particularly noteworthy, where he led multi-million-dollar greenfield exploration ventures in Brazil and Colombia. This experience has honed his skills in governance, exploration strategy, and management, making him a valuable asset in the mining industry.

Currently, Jonathan serves as a Director on the boards of several mining companies, including Spark Energy Minerals, Royal Road Minerals, Lavras Gold, and Avanti Gold. His previous role as VP of Exploration and later technical advisor for Jaguar Mining further underscores his comprehensive understanding of the industry.

Ron Tomlinson
Director

Ron is currently the CEO of Tomlinson Group. With over 35 years of experience in executive management, strategic acquisitions, real estate operations and investments, Ron has successfully expanded Tomlinson Group’s operations across Canada and the United States. A seasoned manager and successful entrepreneur, he has driven the growth of the company into a vertically integrated organization with a strong focus on innovation and operational success.

Under Ron’s leadership, Tomlinson Group has spearheaded numerous large-scale projects across diverse industries, including construction, environmental services, and infrastructure.

The Company is poised to leverage the diverse expertise of its well-rounded board to drive Gold Orogen’s growth and achievements in the upcoming year.

Shares for Debt Issuance

Lode Gold is settling $231,180 of debts on the balance sheet by issuing 963,251 shares at $0.24 per unit to professional services contractors, management, and advisors. The share-for-debt transaction is subject to the approval of the TSX Venture Exchange in accordance with Policy 4.3, Shares for Debt, of the TSX-V corporate finance manual.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.

Previously, in March 2023, the company completed an NI 43 101 Preliminary Economic Assessment(‘ PEA’) for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243741

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Missing Silver Bars Bring Mining Community Together

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As miners, delegates and industry insiders dispersed after the Prospectors & Developers Association of Canada convention (PDAC), news circulated on X, formerly Twitter, that two 10 ounce bars of silver were missing.

The bars were owned by Arlen Hansen, founder of Kin Communications and host of the Kinvestor Report. In a post on X, Hansen explained that he purchased the bars from First Majestic Silver (TSX:FR,NYSE:AG) during the event.

The silver, with a total estimated value of US$647, was checked inside Hansen’s bag as he boarded his Vancouver-bound Air Canada (TSX:AC,OTCQX:ACDF) flight following the conference. From there, the white metal was destined for a silent auction in support of Canadian children living with diabetes.

However, according to Hansen’s post, the silver never arrived at its final destination.

“I don’t need a refund, a free upgrade, or more points, this was stolen from the children who need it, not me,” Hansen wrote on X, adding, ‘A pretty simple solution @AirCanada.’

The silent auction the silver was to be used for is part of the larger Pump Couture fashion show, an event that aims to reduce the stigma around diabetes, while raising awareness about the 3.8 million Canadians living with chronic disease.

Shortly after Hansen’s post was published, the mining community began showing its support.

‘Sorry to hear this, Arlen…but hopefully our donations will lead to an even greater result,’ wrote Brien Lundin, editor of Gold Newsletter and host of the New Orleans Investment Conference.

Silver producer and seller First Majestic and its mint division First Mint have offered to replace the lost silver, while others have donated to Diabetes Canada and provided encouragement to Hansen.

‘There has been a wonderful outreach from the mining community, not only sharing their condolences, but helping step up with financial support, taxable donations — and very fortunately, the silver was replaced by First Majestic Silver and then further matched by First Mint LLC. I didn’t ask them, they volunteered, and that to me is an example of how the good people in the mining community have stepped up,’ he said.

Hansen has filed a report with the Ontario Provincial Police (OPP) regarding the lost silver bars.

Systemic issues

During the ordeal, Hansen has been informed that many travellers have had similar issues with Air Canada.

‘There were over 200 responses of support, and many were not shocked and shared stories of how they have had personal items removed from their bags after checking in their luggage with Air Canada and other airlines,’ he said.

‘The silver was stolen from my bag, and someone should be held accountable for this, because if this is happening to me, it’s happening still and I believe the airlines should be investigating this seriously.’

This latest incident marks the third time since 2022 that Air Canada has been at the center of missing precious metals reports. Most notable is the April 2023 gold heist that saw 400 kilograms of gold stolen from an Air Canada cargo terminal at Toronto Pearson International Airport. The sophisticated heist was conducted by at least nine individuals and saw US$20 million worth of stolen gold melted and transported around the world.

In mid-2024, Peel Region Police announced the arrest of nine people in conjunction with the elaborate theft; however, only six pure gold bracelets with an estimated value of C$90,000 have been recovered.

In late 2023, Brink’s (NYSE:BCO) sued Pearson International Airport and Air Canada over the theft, alleging negligence in securing the cargo. Air Canada countered, arguing that Brink’s failed to insure the shipment or disclose its true value.

Although the C$20 million heist is considered the largest in Canadian history, it wasn’t the first time Air Canada was accused of losing precious metals. Months before the 2023 gold heist at Pearson International Airport, another gold bar disappeared while transiting through Toronto, according to a lawsuit.

On December 22, 2022, a Swiss precious metals refinery shipped 65 doré bars worth US$15.7 million from Lima, Peru, through Toronto to Zurich, Switzerland. However, somewhere along the way one gold bar disappeared.

According to the court filing, Brink’s paid an additional fee for the added security of the bullion, a designation that was to ensure the shipment did not “comingle” with other cargo. The doré bar worth over US$270,000 was never recovered. It is also not clear if that earlier incident is related to the later C$20 million heist.

Air Canada has said it will ‘vigorously’ defend itself in court, but questions about the security of precious metals shipments using the airline remain.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Bitcoin Well Receives Receipt for Final Base Shelf Prospectus

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Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) (‘Bitcoin Well’ or the ‘Company’), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce that it has obtained a receipt for its final short form base shelf prospectus (the ‘Shelf Prospectus’) filed with the securities commissions in each of the provinces and territories of Canada.

The filing of a Shelf Prospectus is intended to provide the Company with financing flexibility. Under the Shelf Prospectus, the Company may issue and sell up to C$25,000,000 of common shares, preferred shares, warrants, subscription receipts, units, debt securities, or any combination thereof, from time to time over the 25-month period that the Shelf Prospectus remains effective. The specific terms of any actual offering of securities (if any) will be set forth in one or more shelf prospectus supplement(s) to the Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the Shelf Prospectus. A copy of the Shelf Prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr, LinkedIn, Twitter and YouTube to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam.

For additional investor & media information, please contact:
Adam O’Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243788

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

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Statistics Canada released its preliminary estimates for the 2024 annual mineral production survey on Wednesday (February 26).

The report showed that the US was the top trading partner for metal ores and non-metallic minerals over the last year. Canada’s resource sector shipped C$6.4 billion worth of commodities to the US in 2024. Meanwhile, imports into Canada totaled C$4.3 billion.

The top three export destinations for the Canadian mining sector were the US, which represented 23.9 percent of exports in 2024, followed closely by China with 20.3 percent and Japan with 8.9 percent.

At a value of C$4.2 billion, potash was the top mineral Canada exported to the US, representing 65.2 percent of metal and mineral exports. Diamonds and other non-metallic minerals were Canada’s next highest export to the US in this category, accounting for 13.1 percent of exports and having a trade value of C$844 million.

Overall, Canada shipped a total of C$54 billion worth of metals, non-metals and aggregates in 2024. The most valuable subcategory was gold, with Canada shipping 198,899 kilograms during 2024 worth an estimated C$16.89 billion. The second most valuable was potash, which saw 25.47 million metric tons shipped, adding C$8.68 billion to the Canadian economy.

Canada’s largest trading partner for minerals, the US, is causing considerable uncertainty in 2025 as the Trump administration continues to threaten sweeping 25 percent tariffs on all exports from Canada excluding energy, which would receive 10 percent tariffs.

The tariffs were originally set to go into effect in early February before being pushed back to the beginning of March, although US President Donald Trump did enact 25 percent tariffs on steel and aluminum imports in mid-February.

This past Wednesday, Trump indicated that the date for the sweeping tariffs had been pushed back to April 2, but walked it back in social media posts on Thursday (February 27), saying the tariffs would still go forward on March 4.

Since he assumed office on January 20, Trump’s foreign and domestic policies have sparked fears of a global trade war. Markets have struggled in recent weeks while the price of gold has soared to record highs as investors seek haven assets.

His economic moves towards Canada alongside comments calling Canada the 51st state and questioning its legitimacy as a nation have caused significant concern among Canadians, many of whom have begun boycotting US travel and products in favor of supporting Canadian companies.

Markets and commodities react

US equity markets were broadly down this week through the close of trading on Thursday, with CNN reporting markets are currently being driven by “Extreme Fear.” The S&P 500 (INDEXSP:INX) lost 4.13 percent over the four day period to end at 5,861.56, and the Nasdaq-100 (INDEXNASDAQ:NDX) fell 7.05 percent to 20,550.95 by Thursday. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw the smallest drop, losing just 1.33 percent to 43.239.51.

In Canada, markets were also in decline. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.79 percent to close at 615.84 on Thursday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.61 percent loss to 25,128.24 and the CSE Composite Index (CSE:CSECOMP) dropped 3.73 percent to 127.53.

After hitting new all-time highs last week, the gold price slipped over the past four trading days losing 2.08 percent to US$2,876.00 per ounce at 5:00 p.m. EST Thursday. The silver price saw steeper declines, losing 5.04 percent during the period to US$31.25.

In base metals, the copper price spiked to almost US$4.75 late Tuesday (February 25) as Trump floated copper tariffs, but ended Thursday down on the week overall, closing the day at US$4.59 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) shed 3.16 percent to close at 560.29.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

We break down this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 3:00 p.m. EST on Thursday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. GPM Metals (TSXV:GPM)

Company Profile

Weekly gain: 36.84 percent
Market cap: C$14.43 million
Share price: C$0.13

GPM Metals is a mineral exploration company working to advance its Walker Gossan zinc-lead project in the Northern Territory of Australia.

In June 2024, GPM announced that it concluded a sale and purchase agreement with a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary to wholly acquire the Walker Gossan project in Australia as well as two nearby exploration license applications. The terms of the deal replaced a previous farm-in agreement.

Rio Tinto’s subsidiary has the option to earn up to 49 percent interest back in the future on certain milestones. Additionally, it retains the right to be paid a further contingent amount equivalent to the future value of 1,000 metric tons of zinc and lead if GPM discovers a mineral resource greater than 20 million metric tons with combined zinc and lead grades above 8 percent.

In July 2024, GPM announced that it had finalized plans for an exploration program to be conducted in 2024 and 2025 that will follow up on previous work at the property, which identified a 2 kilometer by 1 kilometer gravity anomaly. Due to unexpected damage to the access route from storms, the program was delayed until the end of the wet season, April 2025, and will be overseen by new CEO John Timmons.

Shares in GPM Metals were up this week, although the company has not released any news in 2025.

2. DLP Resources (TSXV:DLP)

Company Profile

Weekly gain: 33.33 percent
Market cap: C$34.99 million
Share price: C$0.30

DLP Resources is a mineral exploration company focused on advancing its flagship Aurora copper-molybdenum project in Peru.

The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

Shares in DLP saw gains this week following the release of a technical report for Aurora on Thursday that included a maiden mineral resource estimate with significant copper and molybdenum spread over two zones.

The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

3. TriStar Gold (TSXV:TSG)

Company Profile

Weekly gain: 29.63 percent
Market cap: C$51.79 million
Share price: C$0.175

Tristar Gold is a gold exploration and development company focused on advancing its Castelo de Sonhos project in Pará State, Brazil.

According to a 2021 pre-feasibility study, the property consists of six concessions and has hosted historic small-scale artisanal mining over the past several decades. Between 2010 and 2021, Tristar drilled more than 67,000 meters in 611 holes.

The economics included in the study demonstrate that, at an annual 5 percent discount rate, the project has an after-tax net present value of US$321 million and internal rate of return of 28 percent with a payback period of 2.8 years. The base case was calculated using a gold price of US$1,550 per ounce.

The project was issued a preliminary license in August 2024 from the Para Secretariat for the Environment and Sustainability (SEMAS), a crucial environmental hurdle and the first of a three-stage process to allow project development.

The project experienced some delays in October as federal prosecutors recommended that the license be suspended pending the completion of additional archaeological studies and Indigenous Component Studies. In a follow-up announcement in December, Tristar indicated that the permit for the site would remain valid, with SEMAS providing a strong technical defense of the permitting process.

The company has not released further information on the proceedings and has spent early 2025 raising funds. The most recent news came on February 21, when it announced it had closed the final tranche of a non-brokered private placement for gross proceeds of C$1.08 million.

4. Star Diamond (TSX:DIAM)

Company Profile

Weekly gain: 28.57 percent
Market cap: C$27.79 million
Share price: C$0.045

Star Diamond is an exploration and development company working to advance its flagship Fort à la Corne diamond district in Saskatchewan, Canada.

The property is located 60 kilometers east of Prince Albert, Saskatchewan. Previously a joint venture with Rio Tinto, Star Diamond acquired Rio Tinto’s stake in the project in March 2024 in exchange for 119.32 million shares in Star Diamond, resulting in Rio Tinto holding a 19.9 percent ownership position in the diamond junior.

Fort à la Corne has seen extensive exploration of kimberlite deposits, including geophysical surveys, large-diameter drilling and micro- and macro-diamond analyses.

The Star-Orion South diamond project, the most advanced project area in Star Diamonds’ portfolio, is located within the district.

In 2018, the company released a PEA for Star-Orion South, which reported a resource of 27.15 million carats of diamonds from 200.16 million metric tons with an average grade of 14 carats per 100 metric tons. The inferred resource is 5.18 million carats from 72.08 million metric tons, with an average grade of 7 carats per 100 metric tons.

At the time, the company estimated a post-tax NPV of C$2 billion, an IRR of 19 percent and a payback period of 3 years and 5 months.

On January 9, Star Diamond announced that a 70.7 million share block held by a former project partner had been sold, with 61.12 million shares purchased by an international investor interested in diamonds.

The company’s most recent news came on February 27, when it announced that it had closed the second tranche of its private placement for gross proceeds of C$230,000, adding to the C$335,000 from the first tranche it closed on February 18. The funds will be used as working capital. According to the announcement, Star Diamond is discussing funding for a pre-feasibility study with potential investors.

5. Canuc Resources (TSXV:CDA)

Company Profile

Weekly gain: 21.43 percent
Market cap: C$13.60 million
Share price: C$0.085

Canuc Resources is an exploration and development company focused on its flagship San Javier silver and gold project in Sonora, Mexico.

As part of its strategy, Canuc also owns the MidTex natural gas project, which consists of eight producing natural gas wells it uses to provide steady, long-term cash flow.

Its San Javier project consists of 28 contiguous claims covering 1,052.9 hectares, with the most recent set of claims acquired in July 2024. The company has completed limited exploration work at the site, the most recent being a mapping and sampling program in January 2024.

The most recent news from Canuc came on February 13 when it announced it had entered into a definitive arrangement agreement to acquire Macdonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF). Multiple conditions must be met before it is finalized, including several approvals and Canuc completing a C$500,000 private placement.

If completed, the deal will see Canuc acquire Macdonald and its flagship SPJ project located 40 kilometers northeast of the Sudbury mining camp in Ontario, Canada. The site covers 19,710 hectares and hosts mineralization of copper, gold, cobalt, nickel and rare earth elements.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

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Heritage Mining Announces Non-Brokered Private Placement of Units and Flow-Through Units

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(TheNewswire)

VANCOUVER, BC TheNewswire – March 7, 2025 Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce a non-brokered private placement (the ‘ Offering ‘) of units (‘ Units ‘) and flow-through units (‘ FT Units ‘) for gross proceeds of up to $1,3750,00.

Pursuant to the Offering, the Company intends to issue up to 13,750,000 Units of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $687,500, and up to 13,750,000 FT Units of the Company at a price of $0.05 per FT Unit, for aggregate gross proceeds of up to $687,500.

Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (a ‘ Warrant ‘). Each FT Unit will consist of one Common Share which will qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) and one Warrant.

Each Warrant will entitle the holder to acquire one Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is 60 months from the closing date of the Offering (the ‘ Expiry Time ‘).

Closing of the Offering is expected to occur on or around March 27, 2025 (the ‘ Closing Date ‘).  The Offering is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay and general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

‘Heritage Mining Ltd. has secured lead orders totaling up to C$250,000 from insiders, institutions, advisors, consultants, and existing shareholders. We are grateful for the continued support of existing stakeholders and look forward to closing the financing on or around March 27, 2025.’ Commented Peter Schloo, President, CEO, and Director.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Hundreds killed in Syria clashes, rights monitoring group says, in worst violence since ouster of Assad regime

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In the worst outbreak of unrest since Syria’s transitional government took power, hundreds of people have been killed or wounded in clashes between the security forces and supporters of former President Bashar al Assad this week, according to a human rights monitoring group.

The clashes broke out Thursday in the Latakia and Tartous regions on the Mediterranean coast, areas where support among Syrian Alawites for Assad was strong and which has seen outbreaks of sectarian violence over the past three months.

More than 225 people have been killed since Thursday in the clashes, the Syrian Network for Human Rights (SNHR) said on Friday.

At least 100 Syrian government “security personnel” are included in the death toll, the UK-based independent human rights monitoring group said, while 125 civilians were killed when joint forces from Syria’s Ministries of Defense and Interior “launched a large-scale security operation in dozens of villages across the countryside of Latakia, Tartous, and Hama.”

The Assad family, members of the minority Alawite sect, ruled Syria for over half a century until Assad was ousted late last year by Sunni Islamist militants who sought to reshape the country’s political and sectarian order.

Syria’s Alawites – some 10% of the population – were prominent in the Assad regime, and while many Alawites have surrendered their weapons since December, many others have not.

The latest surge in violence highlights the challenges Syria’s new regime faces in appeasing disenfranchised groups, especially those that remain heavily armed.

Syria’s transitional president, Ahmad al-Sharaa, vowed in a televised speech on Friday to pursue those responsible for killing dozens of Syrian security personnel. He also urged security forces to “ensure no excessive or unjustified responses occur” following reports of many civilian casualties during clashes.

Syria’s interior ministry also said earlier on Friday that they are standing “at the threshold of a critical phase that demands awareness and discipline.”

The official Syrian news agency SANA said that after several police and security personnel had been killed, “large, unorganized crowds moved toward the coast,” citing an official with Syria’s Ministry of Interior.

Anas Khattab, head of Syrian intelligence, said that “former military and security leaders affiliated with the defunct regime were behind the planning and execution of these crimes.”

He said that the “treacherous operation” had claimed the lives of “dozens of our finest men in the army, security, and police.”

Khattab added: “To those who failed to heed our earlier warnings: you have been deceived by malicious hands into doing what you are doing today,” blaming individuals outside Syria.

Social media videos published since Thursday apparently show extensive casualties among both Syrian security forces and young men in civilian clothing.

Defense Ministry spokesman Colonel Hassan Abdel Ghani said Friday that “senior war criminals” were “scattered in the mountains with no refuge except the courts, where you will face justice.”

“Do not become fuel for a lost war… The choice is clear: surrender your weapons or face your inevitable fate,” he said, addressing other Assad supporters.

Other social media footage from Friday showed substantial military reinforcements converging on the area. The city of Tartous has been placed under curfew until Saturday.

The videos indicate that the security forces reached the coastal city of Jableh, near the Russian airbase at Hmeimim, and showed clashes and columns of smoke rising from near the base.

Other videos showed government forces entering Al-Qardaha, the home town of the Assad family, amid explosions and columns of smoke. An official with the defense ministry confirmed later on Friday that security forces carried out operations “against the remnants of the former regime,” in Al-Qardaha, according to SANA. And one video geolocated to the coast near Jableh showed improvised bombs being dropped from a military helicopter.

The Syrian Interior ministry issued a statement Friday urging “all civilians to stay away from military and security operation zones.”

It said all military and security units had been ordered “to strictly adhere to established procedures and laws to safeguard civilians.”

Syria’s Health Ministry said that six hospitals in the rural areas of Latakia and Tartous had come under attack on Thursday night by pro-Assad elements, resulting in several deaths.

Abdul Rahman Taleb, a Latakia-based activist and journalist, said he was attacked by Assad loyalists on Thursday while he was covering clashes with the Syrian security forces.

“We were besieged for about 12 hours in one of Latakia’s neighborhoods, with remnants of militants spreading all around us. I didn’t expect we’d make it out alive,” Taleb said.

He added he had been sheltered by other Alawites in the area “until the first reinforcements arrived and evacuated us.”

The violence has sparked pro- and anti-government demonstrations in several Syrian cities.

Saudi Arabia, a strong backer of the new government, condemned what it called “crimes committed by outlaw groups” in Syria.

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Panama offers temporary reprieve for 112 migrants deported by US

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Panama will allow more than a hundred undocumented immigrants deported by the United States to stay in the country for at least another 30 days, Security Minister Frank Ábrego said on Friday.

The group, mainly from countries in Asia and the Middle East, will receive temporary humanitarian permits for one month that could be extended up to 90 days, Ábrego told reporters, adding that the individuals had declined repatriation help from the United Nations and the International Organization for Migration.

They were among an original group of nearly 300 migrants sent to Panama from the US as part of the Trump administration’s mass deportation campaign, which it has pressured Latin American nations to help with.

Many of the group have been held in a makeshift camp near the remote Darien jungle.

A group of lawyers representing the deportees – who previously filed suit against Panama in the Inter-American Commision on Human Rights – welcomed Friday’s decision in a statement, but emphasized that asylum seekers should not be repatriated at the end of the 90 day-period.

“Today, in the context of our pending lawsuit, the Panamanian government has changed course – they have made a commitment not to deport our clients and to release them from incommunicado and arbitrary detention,” said Silvia Serna Roman, an attorney and co-counsel in the case, in the statement.

“Our primary concern is that the government offers no solution to our clients who cannot return to their countries due to a fear of persecution.”

The migrants were originally confined to a hotel in Panama City, before some were moved to the remote camp, which Herischi described as tough and dirty, with limited access to medication and the internet.

Panamanian President José Raúl Mulino has repeatedly denied that authorities have violated the deportees’ rights in accepting their deportation or confining them while in Panama.

“These organizations are respectful of human rights. It’s false and I deny that we are mistreating them,” Mulino has said.

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Why work is (still) not working for women

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Unpaid work. Sexual harassment. Violence. Low wages. The “motherhood penalty.” These are just some of the issues that millions of women continue to face at work in 2025.

Despite progress made towards global gender equality, men continue to hold the highest paid positions in industries worldwide, while many women still typically handle grunt work across companies and supply chains.

Meanwhile, many women around the world are still struggling to find work, with many holding precarious jobs or forced to hustle in the informal economy just to get by.

Overall, women continue to carry a disproportionate share of unpaid care and domestic work, underlining United Nations Secretary General António Guterres’ comments that global poverty “has a female face.”

“If the quantity and quality of employment are failing women, the impact is higher poverty risk,” said Sally Roever, formerly the international coordinator at Women in Informal Employment: Globalizing and Organizing (WIEGO), a global network that aims to improve working conditions for women in the informal economy.

Labor experts say that the working world excludes, underpays, overlooks and exploits around half of its available force – and as such, work systems – in their current structures – are failing women.

What is work and why is it not working for women?

The International Labor Organization (ILO) defines work as “any activity performed by persons of any sex and age to produce goods or to provide services for use by others or for own use.”

Globally, the most common form of work is informal and unregulated, according to the ILO, who estimates nearly 60% of all workers are involved in this type of work, most of whom are women in the Global South.

Although work in the informal economy is most prevalent in developing economies, it is also an important part of advanced economies, according to the International Monetary Fund (IMF). Informal work takes many different forms globally and includes jobs such as street sellers, unregistered taxi drivers, domestic workers and day laborers.

For women working in the formal economy, they often don’t hold the same legal rights as men, according to a 2024 World Bank report. More than 90 countries do not have laws mandating equal pay for equal work, while dozens of others prohibit women from working in certain industries, such as construction or manufacturing. Some countries prohibit women from working jobs deemed “too dangerous,” and others ban women from working at night.

What work do women do?

In the formal sector, women typically hold lower-paying roles and are only likely to hold leadership positions in occupations “traditionally viewed as female-centric,” according to the ILO.

For example, women make up 67% of the global health and social care workforce – providing essential health services for an estimated five billion people worldwide – yet men are estimated to hold 75% of leadership roles in the sector, according to the World Health Organization (WHO).

Women working in the informal economy are over-represented in the most vulnerable types of employment, including domestic work, food production and agriculture, according to the ILO.

The invisible burden of care work

Unpaid care work is a barrier to women actively engaging in the labor market, leaving women marginalized, and without any social protections or income stability in many parts of the world, experts say.

In 2023, around 708 million women worldwide were unable to enter the labor force because of unpaid care responsibilities, according to the most recent ILO global estimates, who said the data “confirm that care responsibilities continue to be the main reason women are not looking or not available for employment.”

And even when domestic work is paid, safety risks are often not accounted for, she said. For example, domestic work is mostly carried out in homes, which are not commonly considered a workplace. Paz said this means occupational health and safety standards are rarely in place to protect people – mostly women – who are paid to do that work.

While unpaid care work isn’t counted in traditional economic measures, it is vital to economic activity, Pozzan of the ILO added, noting that care work allows others participate in the workforce. “You cannot have paid work unless you have unpaid care work,” she said.

Women face more risks at work

While all workers face some risk and vulnerabilities on the job, women face them in greater numbers, particularly those working in the informal economy across the Global South.

This is partly because of the nature of the jobs they do. For example, domestic and factory workers risk exposure to toxic chemicals, industrial workers face extreme pain and farm workers risk prolonged sun exposure. And many women in the agricultural industry – who make up most rural smallholder farmers worldwide – are often not recognized formally as farmers in many countries, leaving them without any rights to the land they work.

Across nearly every sector, gender-based violence and sexual harassment at work continues to persist as patriarchal societies have normalized gender-based violence, according to the experts.

That violence has a knock-on effect on the overall economy.

In Cambodia, a 2017 study by the humanitarian agency CARE said that almost one in three women garment factory workers reported they had been sexually harassed, lowering productivity and seeing many women leave the job – costing employers an estimated $89 million annually.

Meanwhile, women are facing risks to the future of work, with big tech and the climate emergency two of the most prominent disruptors.

Women’s jobs are more at risk of being lost to AI as women typically hold low-skill positions requiring less education and formal qualifications that are more likely to be replaced by automation.

Climate change is also disrupting work and affects women differently than men. During an extreme weather event, which is often exacerbated by human-made climate change, women are usually the ones to shoulder a larger burden when it comes to running the household, making cooking, cleaning, gathering resources and childcare more challenging and time consuming.

More women are working until they die

Women are also working longer than men as they typically have less access to state and social benefits – including sick leave, unemployment pay, or pensions.

For example, in a high-income country such as the United Kingdom, women retire with an average pension savings of £69,000 (approximately $87,340), compared to men’s £205,000. ($259,480), according to NOW: Pensions, a UK-based pension scheme.

In developing countries, women often withdraw from the workforce due to family responsibilities, according to Aura Sevilla, also from WIEGO. Maternity policies that aim to fill in income gaps are often inadequate, according to WEF figures.

Nearly one in two women who become pregnant aren’t protected from income loss if they have their child, according to the ILO, leaving women with less overall wealth just because they started a family.

At an average life expectancy of 74, women also live longer than men, whose life expectancy is 69, according to World Bank data. In many heterosexual relationships, this means women need to keep working if their partners are no longer able to work, or die, said Florian Juergens-Grant, also from WIEGO.

Are there solutions to improve work for women?

Experts say that investing in the care economy, changing the culture of care, and strengthening unions and workers protections will help improve work conditions for women globally.

For work to really work for women, experts agree that it is important to invest in the care economy, as it can create new jobs and offer a return on investment.

Unpaid domestic and care work would equal a substantial portion of global GDP if given an equivalent monetary value, according to the ILO, who said that in some countries that amount would exceed 40%, based on conservative estimates.

An example of how this action works in practice can be seen in a city-run project located in Bogotá, Colombia, where men are taught basic care skills in a bid to rebalance domestic care responsibilities.

More than 400,000 people have benefitted from the Care Schools for Men program since its inception in 2021, and a survey from late 2023 suggests more men and women in Bogotá say that they now distribute household work more equally than in 2021.

The city government also runs “‘Care Blocks”’ to support caregivers – the majority of whom are women – which include laundry services, legal aid, daycare, psychological support, and dance classes, among others.

Between March 2021 and December 2023, almost 250,000 caregivers benefitted from these services, and the team is hoping to add a further 23 Care Blocks by 2035.

Another way to improve work for women is to encourage multinational brands to audit working conditions all the way across their supply chain, WIEGO experts said.

For example, many women in the garment and footwear industry prefer to work from home than in factories to either balance care responsibilities, for cultural or religious reasons, because they are too old to work in factories, or because they live in villages. But they often receive low wages, unstable and irregular pay, and endure poor working conditions.

The strengthening of unions and collectives is also key in establishing better workers’ rights for women.

One success story comes from São Paulo, Brazil, where after years of organizing, the women-led Domestic Workers Union successfully negotiated a minimum wage above the national minimum, and weekly rest periods for live-in domestic workers, among other achievements.

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