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
UNI Diamonds and IDEX, along with other data driven companies, come together to create the first fully-transparent price guide for the natural polished diamond industryThe Diamond Price Guide, secured by QEDIT's Privacy-Enhancing Technology, will be continuously updated, using real-time inventory data from industry manufacturers and wholesalersTEL AVIV: SEPTEMBER 9, 2020 - UNI Diamonds,...Read More
(IDEX Online) - Fugitive diamond billionaire Nirav Modi would be a suicide risk if he were extradited to India, his lawyer told a British court.He would also be unlikely to get a fair trial on charges of defrauding the Punjab National Bank out of $1.85bn because his case has become so "politicized".Modi, 49, (pictured) was India's most wanted man until he was arrested in London in March 2019,...Read More
(IDEX Online) - Alrosa reported its best monthly sales figures since February, with a $216.7m total for rough and polished.Between April and July monthly sales averaged just over $30m.The recovery has been sparked by increased demand, especially in the US and China, and the company's offer to buyers of greater flexibility during the coronavirus pandemic.The Russian state-owned miner said last...Read More
(IDEX Online) - Exports of polished diamonds form Belgium were up 6.3 per cent in August, compared with the same month last year, in spite of the coronavirus pandemic.Total sales were $343m, according to figures released by the Antwerp World Diamond Centre (AWDC) on Tuesday. Carats sold were down 8.3 per cent to 156,795.Exports were down over 50 per cent by dollar value in the first half of 2020 b...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAuroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsThe company is ramping up production to 1.35Mtpy milled by the second quarter of 2021 on time and on budget. An updated life of mine plan de...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.AVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsThe US company, founded in 2010, usually focuses on overvalued Chinese tech and media firms but has now set its sights on North American mineral explorers twice in as many months.Read More
In an interview at Ernst & Young's virtual Americas Mining & Metals Forum, Barrick Gold (TSX: ABX; NYSE: GOLD) chief executive Mark Bristow spoke about the importance of building a strong licence to operate, creating lasting relationships with governments and all stakeholders, and attracting generalist investors.Jeff Swinoga, co-leader of EY's Canada Mining & Metals division, began the discussion...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has announced the results of exploration work done at the company's wholly owned Hasaga project, situated in the Red Lake gold district of northwestern Ontario.Hasaga, located contiguous to Pure Gold Mining's (TSXV: PGM; LSE: PUR) Madsen project, is host to three past-producing mines, Hasaga, Buffalo and Goldshore.The company earmarked $4 million for...Read More
BHP (NYSE: BHP; LSE: BHP) has unveiled a revamped strategy to cut operational emissions by 30% by 2030 from this year's levels, but it stopped short of tackling Scope 3 emissions - those generated indirectly when consumers burn or process the company's oil, coal or iron ore.The world's largest miner, which is also one of the biggest carbon emitters, will focus on using cleaner forms of power suppl...Read More
Liberty Gold (TSX: LGD) has released reverse circulation (RC) drill results for nine holes testing the D3 and D1 targets at the company's Black Pine gold project in southern Idaho. Both zones returned high-grade intervals of oxide gold, with additional infill and step-out work planned.Drill highlights from the D3 zone, discovered in June, include 8 metres of 1.99 grams gold per tonne starting at 2...Read More
B2Gold (TSX: BTO; NYSE: BTG) says it has completed a mill expansion at its flagship Fekola mine in Mali, which will process 7.5 million tonnes of ore per year, almost a month earlier than planned.The mid-tier gold miner said it had finished all major construction activities associated with the mill expansion, as well as the execution of a process performance test to compare with design expectation...Read More
Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 2588 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyThe Colluli sulphate of potash (SOP) mine has been a long time in coming. As South Boulder Mines, Danakali took up an exploration lic...Read More
Share this articleCANBERRA, Australia - Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday."Significant stakeholders have expressed concerns about executive accountability for the failings identified," Rio Tinto said in a statement.By mutual...Read More
Moneta Porcupine Mines (TSX: ME) has released a positive preliminary economic assessment (PEA) for the South West deposit at its Golden Highway project, near Timmins, Ontario.The study outlines a 1,750-tonne-per-day underground mine that would produce an average of 76,000 oz. gold per year over a mine life of 11 years at all-in sustaining costs (AISCs) of US$747 per ounce. Mining would be via ramp...Read More
FPX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company's Decar nickel district, in B.C., which, according to Martin Turenne, the company's president and CEO, "establishes Baptiste as a premier large-scale nickel project."The study suggests a 35-year, 120,000-tonne-per-day open-pit operation, with an onsite magnetic s...Read More
A king that would not feel his crown too heavy for him, must wear it every day; but if he think it too light, he knoweth not of what metal it is made.Sir Francis BaconElon Musk is the new king of the automobile - but I'm not too sure he knows what metal his crown is made of.We've watched him take his eyes off the prize several times now: from smoking a joint on a podcast to Tweeting about taking T...Read More
Gold's moment in the sun is nearly here.While uncertainty continues causing spikes and drops in the broader market, gold is continuing its climb higher. While mass sell-offs followed by short-lived valleys continue to give investors in the NASDAQ and S&P 500 mild panic attacks, gold investors have been able to breathe much more easily with the yellow metal's more stable changes in price. Any rec...Read More
When it comes to capital markets, there are few more experienced to...Read full newsRead More
The alliance has begun sampling around Sanru, Japan Gold's largest project, located on Hokkaido island.Read full newsRead More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce a corporate update on its revenue generating activities both for its DermSafe (R) hand sanitizer and its cannabis / CBD products and licenses.DermSafe (R) Hand Sanitizer Sales and ProspectsOvation made significant progress in the second quarter toward its goal of advancing its sales initiatives fo...Read More