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
Midland Exploration (TSXV: MD) says it has struck a new funding deal with a subsidiary of BHP (NYSE: BHP; LSE: BHP) for nickel exploration activities in northern Quebec.BHP's unit, Rio Algom Ltd., will fund 100% of Midland's exploration for the battery metal within the Nunavik territory up to $1.4 million (US$1.06 million), on an annual basis, for a minimum of two years.The objective, the junior s...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The numbers from Fortescue for its June 30 financial year are impressive. Net profit up 49% on the previous year to US$4.7 billion f...Read More
In a August 20 presentation focused on attracting foreign direct investment (FDI), the minister spoke of the positive fiscal impact mining has had (coal) and will have (gold) in the country withoutRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe mill restarted last week and has 160,000 tons of stockpiled material on hand for processing. More development ore and subsequent stope ore will be hoisted through the East North Ventilation Shaft until final outfitting work on the main shaft is completed, which is expected by year end.The operation is expected to produce up to...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsThe US Army Corps of Engineers sent a letter to Northern Dynasty subsidiary the Pebble Limited Partnership on Monday, asking for the...Read More
Nothing matters until it does.Consider this: 95% of S&P 500 companies have reported earnings. GAAP earnings are down 50% over the last year with S&P 500 sales down 11%.Despite that, the S&P 500 continues to hit all-time highs which begs the question, what if that 95% start having better quarters?Does the S&P soar higher? What if the five stocks that have driven the rally pull back. Is that even po...Read More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More
Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More
(IDEX Online) - Consumers in the US now have more disposable cash for diamond purchases, having canceled vacations and other "experience" spending, says De Beers.Almost half (44 per cent) of the 500 adults surveyed said coronavirus had freed up their savings, and over two thirds said they had money available that had been earmarked for flights and accommodation.One in eight who had canceled travel...Read More
(IDEX Online) - Gem Diamonds has unearthed a 442-carat Type II stone, reckoned to be worth $18m, at its Letseng mine, in Lesotho.Let?... ?eng is the highest dollar per carat kimberlite diamond mine in the world and has yielded 60-plus white gem quality diamonds over 100 carats since it was acquired by London-based Gem, in 2006."The recovery of this remarkable 442 carat diamond, one of the wo...Read More
(IDEX Online) - Sales of fancy color diamonds have again been too slow for trade body the FRCF to produce a quarterly price index.But it says it can see signs of a recovery for Q3.The Fancy Color Diamond Index (FCDI) tracks changes in wholesale buying prices of yellow, pink and blue stones.In April, as the coronavirus pandemic hit, the Fancy Color Research Foundation (FCRF) said there was in...Read More
Subsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the project."We firmly believe that the implication pushed by Politico...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSubsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the...Read More
Elon Musk promises a "giant contract" with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry's messy track record may make that deal difficult to clinch.Read full newsRead More
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Read full newsRead More
Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More
In the summer of 1925, the discovery of gold in northwestern Ontario's Red Lake region triggered the last great gold rush in North America.At the height of the gold rush, in 1926, more than 3,000 people had converged on the region.By 1936, Howey Bay, in the heart of Red Lake, was the busiest airport in the world, transporting freight and passengers in and out of the goldfields every 15 minutes.To...Read More
Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.But securRead full newsRead More
The 30c units have half-warrants attached entitling the holder to buy an additional 70c share within two years.Aldebaran, spun out of Regulus Resources in 2018, says its two biggest shareholders, Route One Investment Company (49.48%) and Sibanye Stillwater (19.9%) have indicated they will take up their pro-rata share of the placement.Aldebaran is working on a new mineral resource estimate for its...Read More