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

Share this articleTORONTO - Canadian precious metals miner Yamana Gold Inc. says it is in the advanced stages of listing its shares on the London Stock Exchange.It is currently listed on the New York Stock Exchange and the Toronto Stock Exchange.It says a listing in London will increase its exposure to potential European investors who have few other large gold producers to choose from.It says it...Read More

(IDEX Online) - The lab-grown and mined diamond sectors have "called a truce" as they unite against the common enemy of declining demand, claims an expert writing for business magazine Forbes. More and more jewlers are now selling them side by side, argues writer and market researcher Pamela N. Danziger, as the producers of both lab-grown and mined diamond each provide a more clearly defined...Read More

(IDEX Online) - Gemist, the pioneering "try and buy" online jewelry retailer, has announced an investment from the innovation division of De Beers.The Los Angeles-based company is the first platform that allows buyers to design their own ring or earrings from a smartphone or other device.They select the stones, metals and settings of their choice and have them made to their exact specifications to...Read More

(IDEX Online) - A rare 21.52-carat Colombian emerald ring with two half-moon diamonds sold for its high estimate of $1.2m at Phillips, in Hong Kong.It was the lead item in a sale that realized a total of $6m, a 54 per cent increase on the auction house's Jewels and Jadeite sale last year.There were a record number of online bids from 20 countries, a 163 per cent increase on the previous year....Read More

Cardinal Resources' (TSX: CDV; ASX: CDV) Namdini mining licence has officially received sovereign parliamentary ratification in Ghana, the company says."This ratification and the recent issuing of the Environmental Protection Agency (EPA) permit, along with our water extraction permit and relocation action plan approval, places the Namdini gold project into an extremely secure and solid position f...Read More

Yamana Gold (TSX: YRI; NYSE: AUY) is in the advanced stages of its London Stock Exchange (LSE) listing, the company says.The Toronto-based miner, currently listed on the TSX and on the NYSE, said that it intends to become the "investment of choice" in London for those looking for exposure to gold."The LSE currently has a limited number of sizeable pure-play gold producers with annual production of...Read More

Discovery Metals (TSXV: DSV; US-OTC: DSVMF) has released results from eight holes completed at its Cordero project in Mexico's Chihuahua state, including 1 metre grading 1,907 grams per tonne silver-equivalent (700 grams silver per tonne, 0.74 gram gold per tonne, 16.1% lead and 14% zinc) in its first hole testing the 1.2-km-long Todos Santos vein trend at the project.The intercept, in hole 342, s...Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesWith initial production likely to be around 35,000 tonnes of copper a year and 65,000 ounces of gold Winu, in its ea...Read More

German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle (EV) market.Tesla's gigafactories and battery technology have long given it an edge in the EV market (Northvolt was started by two former Tesla executives), but wh...Read More

Scorpio Gold (TSXV: SGN) is acquiring land in Nevada's Manhattan mining district that adjoins the southwestern boundary of its Goldwedge property and includes two past-producing mines.The acquisition of the Manhattan project property claims from Round Mountain Gold and KG Mining will give Scorpio Gold control of land around its Goldwedge project, which contains a fully permitted underground mine a...Read More

"We want the molecular tests to discard the disease; the workers are very afraid as they have been exposed to positive cases which are now isolated in the camp within the mine and some were taken to nearby hotels. If there is no solution we are going on strike," said Ernesto Amas, general secretary of the La Arena union.Pan American said in a statement Monday it was putting its Huaron and Morococh...Read More

In late May I told you that "the gold price is likely to take a small breather to close out May but I expect increased volatility in June/July that could lead to a serious run at $1,800.""The mirage of central bank-induced financial stability will not end well. There will be more cracks in the already compromised foundation of the financial structure. Cracks that the Fed believes can be cured with...Read More

CALGARY - Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week. In the three months ended June 30, the average gold price was US$1,713 per ounce, up eight per cent over the first quarter, said RBC Capital Markets in a report t...Read More

ABUJA, Nigeria President Muhammadu Buhari said Thursday that the government is set to reform gold mining that will produce a revenue of $500 millionRead full newsRead More

What Moved Markets This WeekRead full newsRead More

ASABA - Urhobo Youth Leaders Association (UYLA) has tasked the Federal Government on the need to address the over 50 years of social-economic neglect of the Urhobo nation, threatening to shut down all oil and gas installations and production in UrhoRead full newsRead More

Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea.Read full newsRead More

(IDEX Online) - A New York businessman who allegedly promised investors huge returns from wholesale jewelry deals has been charged with running a $200m Ponzi scheme.Gregory Altieri, 53, lured them with returns of up to 70 per cent within five months on cash used to buy jewelry at closeout prices during the two-year scheme, according to district court papers for the for the Eastern District of New...Read More

(IDEX Online) - Lucara is to sell all its larger rough diamonds through the Antwerp-based HB Group in what it describes as a "groundbreaking partnership".The Canadian miner has a reputation for high-value type IIa diamonds at its Karowe Mine, in Botswana, and was proud to announce its discovery of the 1,758-carat Sewelo (pictured), the world's second largest diamond, last April.It has been st...Read More

(IDEX Online) - Alrosa and De Beers have both reported disastrous Q2 sales - down over 90 per cent  - because of COVID-19.The two miners, who account for more than half of all diamonds produced globally, said they'd been by an unprecedented slump in demand.Alrosa's rough sales were down 91 per cent year on year to $74.1m and De Beers' fell 96 per cent to $56m.Both companies hav...Read More