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
OceanaGold's (TSX: OGC) Waihi District preliminary economic assessment (PEA) envisions an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.The additional ounces would be sourced from the Marth and Gladstone open pits, as well as from the underground portions of the Martha and Wharekirauponga (WKP) deposits.Based on a growth capital estimate of US$447 million...Read More
Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions have forced companies to halt or scale down operations and suspend work on projects, while reopening plans have been disrupted by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of mine closures and project delays, showing Latin America is the hardest hit in terms of t...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources On June 30, Kasbah directors announced they had asked the Australian Securities Exchange to delist the company's...Read More
Belaunde has a background as a consultant in community negotiation, real estate management, land and legal physical sanitation in the mining sector.Read More
On April 15, 1998, I got in a terrible car crash...It was a beautiful Spring day and I was driving home from school in my prized 1994 Ford Probe. In what seemed like slow motion, a classmate's red Chevy Camaro blew past a stop sign and directly into my path. There was no time for me to even hit the brakes, so I T-boned him at full speed - shattering his tibia and sending his four seatbelt-less pas...Read More
TORONTO - Yamana Gold Inc. says the Canadian Malartic mine in Quebec has ramped up production more quickly than anticipated following a COVID-related shut-down. The mine, one of North America's largest gold producers, milled more than 60,000 tonnes per day of ore in both May and June, partially offsetting the down time and ramp-up in production that began April 15 after the province allowed wo...Read More
It's a good time to be a gold miner.Gold prices have been on the rise after briefly falling along with equities when investors first ran to cash as the pandemic initially spread to the U.S. Gold futures have gained more than 20% from their March lows to where they are today -- trading for moreRead full newsRead More
Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More
Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More
MP Materials, owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America, today announced a definitive agreement to merge with Fortress Value Acquisition Corp. (NYSE: FVAC), a special purpose acquisition company sponsored by an affiliate of FortressRead full newsRead More
Renforth Resources Inc. would like shareholders to know that JulyRead full newsRead More
Kerr Mines Inc. is pleased to announce that it amended the termsRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the appointment oRead full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has entered into a new alliance with Hyperion Partners, a leading master agent who specializes in mobility across all national wireless carriers.Marc Seelenfreund, CEO of Siyata Mobile, states, "We are very excited for this new alliance as it will expan...Read More
Some exploration companies are targeting the island of Viti Levu.Read full newsRead More
China's unwrought copper imports rose 50% month-on-month in June to a record 656,483 tonnes, Reuters noted, while iron ore imports hit the highest point in 33 months.The MySteel 62% Australian iron ore fines iron ore price rose 2.8% to US$110/t.However copper fell about 1.3% on the London Metal Exchange yesterday to just below $6,500/t, despite the strong demand, possibility of further strike acti...Read More
"This financing is a very important milestone that substantially de-risks the company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib gold project," CEO Heye Daun said.Osino has described Twin Hills as a grassroots discovery in an old gold district, where it...Read More
Nelson expects domestic thermal coal demand to drop 30% in 2020. "We expect very weak second-quarter earnings for coal producers under our current baseline scenario.Read More
The African National Congress' Economic Transformation Committee's "Reconstruction, Growth and Transformation" document, released last week, had suggested encouraging JSE listings, incentives for investing in mining exploration and resolving regulatory uncertainty.It had reaffirmed South Africa remained a global mining powerhouse but also acknowledged the falling levels of investment in exploratio...Read More
Share this articleTORONTO - Shares in Alamos Gold Inc. are trading lower after the miner announced it would proceed with a $514 million expansion of its Island Gold mine in northern Ontario.It says the decision is based on a study of several options that concluded the best path forward was to proceed with a mill upgrade and shaft expansion to increase ore extraction to 2,000 tonnes per day by 20...Read More