The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, OTCQB: SSVRF, Frankfurt: 48X) is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market effective today. The Company's U.S. listing will trade under the symbol "SSVRF" while the Company's primary Canadian listing will continue to trade on the Canadian Securities Exc...Read More
(Bloomberg) -- Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics. Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group's Americas c...Read More
(Bloomberg) -- Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics. Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group's Americas c...Read More
The precious metal price fell below US$1,900 an ounce on the spot market earlier but was at $1,913/oz at the time of writing.Meanwhile, Wheaton Precious Metals has announced it intends to seek admission to the London Stock Exchange in the fourth quarter."This proposed listing will support the company's plans for growth and brings the first senior precious metal streaming company to the LSE," it sa...Read More
The Northern Miner and Canadian Mining Journal conducted a reader survey to gauge how the sector is faring through the Covid-19 pandemic, which began officially in March. The survey was open in July and August, with 384 people from the sector taking time to respond to a combination of multiple-choice and open-ended questions. Respondents represented principally mining and exploration companies, su...Read More
(IDEX Online) - Canadian miner Mountain Province Diamonds has held its first traditional sale February.Prices per carat were in line those achieved by comparable stones at the equivalent sale in 2019, the company said.Mountain Province operates the Gahcho Kue mine (pictured) in Canada's Northwest Territories, in a joint venture with De Beers Canada Inc.The sale, in Antwerp on Saturday, realiz...Read More
(IDEX Online) - Tiffany & Co yesterday secured a January court date for its legal battle against the French luxury conglomerate LVMH.The expedited four-day hearing would still make it technically possible for the $16.2bn acquisition to go ahead before antitrust approvals expire.LVMH pulled out of its delayed purchase of the New York-based jeweler two weeks ago, citing pressure from the French...Read More
(IDEX Online) - Sixteen diamond workers have taken their lives during the Covid crisis in Surat, according to media reports in India.Many despaired after losing their jobs during lockdown. Some returned to their villages in Gujurat, only to find that agricultural work couldn't sustain their families.Last month the body of Jaysukh Gajera, president of Surat Diamond Polishers' Association,...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The first hole of a four-hole program hit 74m at 1.1% copper (plus gold, silver and molybdenum) from 219m, including 41m at 1.9% copper.Read More
Ecuador's highest court has ruled that communities have the right to hold referendums on whether or not proposed large and medium-scale mines can move forward, but said the public can only vote on mining rights not yet granted and not on licenced projects.The constitutional court's decision follows a petition by the government of Cuenca, a city in the country's highlands, to propose questions to a...Read More
Erik BucklandThis week's episode features veteran mining recruiter Erik Buckland, senior client manager at Lincoln Strategy International. Eric says that the difficulty of crossing jurisdictions during the coronavirus pandemic has made it more difficult for mining companies to fill jobs, especially in the United States. He also explains how rare earth projects, with help from the defence industry...Read More
As Canada looks to responsibly develop its mining and minerals industry as part of its economic recovery plan from the Covid-19 pandemic, the government has announced a $4.5-million investment in E2Metrix to help mining operations recycle wastewater and operate more sustainably. The Quebec-headquartered company specializes in the treatment of wastewater.Wastewater for mining operations can often c...Read More
Urging generalist investors to invest in gold equities rather than physical gold or even royalty and streaming companies, Marrone said the uncertain global economic outlook was good for goldRead More
WA gold developer aims to build regional production hubSPONSOREDora banda miningThe 1,500 tonnes per day mill will improve gold recovery from 53% to 93% allowing the company to fully take advantage of deeper gold zones in the deposit.Read More
Omni Commerce Corp. (Read full newsRead More
This release covers the last 20 holes as results from the first 14 holes were reported on July 30, 2020.Read full newsRead More
Loop Insights Releases September Company UpdateRead full newsRead More
Fitch Solutions says global gold production will increase from 106moz in 2020 to 133moz by 2029.Read full newsRead More
Fitch Solutions says global gold production will increase from 106moz in 2020 to 133moz by 2029.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More