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 - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) notes recent policy developments in the U.S. Congress and Executive Branch on Critical Minerals, including graphite. On June 24, 2020 the U.S. Senate Committee on Energy & Natural Resources (ENR) held a hearing titled "Impacts of COVID-19 on Critical Minerals Supply Chains." The Senate hearing took place several weeks after two...Read More
Toronto, Ontario, Jun 29, 2020 (Newsfile Corp via COMTEX) --Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - IAMGOLD Corporation (TSX: IMG) (Read full newsRead More
The Zimbabwe Environmental Law Association (ZELA) yesterday reiterated its recommendations that policies must be tailored to promote intra- and inter-generational equity in the mining sector, as the country continues to push for foreign direct investment.President Emmerson Mnangagwa and mines and mining development minister Winston Chitando unveiled plans in October to grow Zimbabwe's mining indus...Read More
(IDEX Online) - India's diamond industry is being urged to accept upon itself a third voluntary ban on rough imports.An appeal has been issued to halt all purchases between 10 and 31 July. It follows similar appeals on 23 April and 19 May.An estimated $7bn of rough and polished diamonds have been stuck in India, the world's cutting and polishing capital, since the country first wen...Read More
(IDEX Online) - Swarovski is to axe 600 jobs in response to a "massive" decline in sales.The family-owned Austrian business empire, known for its crystal jewelry and swan logo, will shed almost one in 50 of its 34,500 workforce as it embarks on a restructuring plan.Two hundred jobs will go at its headquarters in Austria's Tyrol region."The international luxury market has been hit hard by the...Read More
(IDEX Online) - Petra Diamonds is seeking a buyer as debts mounts and revenue slumps.The UK-listed company operates the world-famous Cullinan mine in South Africa, source of the largest rough gem-quality diamond ever - the 3,106.75-carat Cullinan Diamond that became part of the British Crown Jewels. In addition, it operates the Finsch and Koffiefontein mines, also in South Africa, and the Wil...Read More
(IDEX Online) - A visitor to one of the world's only dig-your-own-diamond attractions has walked away with a 2.23-carat stone.Beatrice Watkins, 56, was sifting soil at the Crater of Diamonds State Park, Arkansas, USA, a former commercial mine turned visitor attraction that now admits amateur miners for $10-a-day.She unearthed the biggest diamond this year and is allowed to keep it under rules...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe all-stock transaction, valued at about C$140 million, offers 11 SolGold shares per Cornerstone shares and values Cornerstone at $3.90 a share, representing a premium of about 22% over Cornerstone's June 29 closing price."This is an exciting value enhancing opportunity, providing Cornerstone shareholders with a premium over the...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesLike its global peer group that includes Freeport-McMoRan and First Quantum Minerals, Antofagasta is viewed by generalist investors as a bet on global GDP, a way to gain exposure to the economicRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt said trunk hole KM-20-10 at the South Zone had hit 4.9m at 6.2% copper-equivalent from 480m, 0.6m at 9.6g/t gold-equivalent from 491m and 1.6m at 3.1% Cu-eq from 494m.It said the drillhole was being used as a trunk hole to wedge a number of branch holes aimed at the 1500-foot level previously described by Exxon Minerals.Artemis...Read More
Drilling has intersected massive sulphide mineralization at the South zone of Arizona Metals' (TSXV: AMC) Kay mine property, 69 km north of Phoenix and adjacent to Black Canyon City in central Arizona's Yavapai County.Highlights from the drill program include drill hole 20-10, which intersected 5 metres grading 2.16 grams gold per tonne, 24.9 grams silver per tonne, 2.39% copper, 0.31% lead, and 3...Read More
This week's episode features an interview with Agnico Eagle Mines vice chair and chief executive officer Sean Boyd at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Northern Miner group publisher Anthony Vaccaro asked Boyd about his view on growth, the gold price, the industry's financial outlook and Agnico's company culture.All this and more with online editor Adrian Pocobelli.This...Read More
SolGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner's Cascabel asset.The $140 million (US$102 million) all-stock offer, SolGold's second attempt to take over the Ontario-based junior, would see the bidder pay $3.90 for each Cornerstone share. That is a 22% premium...Read More
Invest Yukon Thought Leadership Panel - Building a Mining Ecosystem from Exploration to ProductionHon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources, Minister of Economic Development, Government of YukonW. Douglas Eaton, President, CEO and Director, Strategic Metals Ltd.Clynton R. Nauman, Chairman and CEO, Alexco Resource Corp.Dr. Paul West-Sells, President and CEO, West...Read More
SRK Thought Leadership Panel - Beginning At The End: How can we optimize the socioeconomic legacy of mine closure?Boubacar Bocoum, Lead Mining Specialist, World BankKevin P.C.J. D'Souza, Vice President of Security, Sustainability & Environment, Centerra GoldCharlene Wrigley, Group Sustainable Development Manager, Gold FieldsMODERATOR: Jeff Parshley, P.G., C.P.G, Group Chairman and Corporate Con...Read More
B2Gold Thought Leadership Panel - From Zero to One Million Ounces and Raising the Bar Along the WayClive Johnson, President, CEO and Director, B2Gold CorpMODERATOR: Anthony Vaccaro, Group Publisher, The Northern Miner GroupLinks:B2Gold 2020 Annual General & Special Meeting PresentationB2Gold 2020 Annual General & Special Meeting webcastB2Gold 2019 Responsible Mining ReportRead More
While we're getting whiplash day-to-day in the markets, smart investors are using the opportunity to play the long game.A lot of money is pouring into assets that are normally considered strong hedges against inflation.Yes, gold is one. It's now at eight-year highs today and is closing its best quarter in four years.It isn't alone though. Property and forest stocks and funds, inflation-linked lo...Read More
Managing director Justin Brown told RESOURCEStocks by implementing a staged development plan, E25 was set to become Australia's next manganese producer "in relatively short order".The news flow is also up-tempo, with the mining lease just granted and the company entering an offtake memorandum of understanding this week with miner, trader and smelting company OM Holdings for up to 100% of initial p...Read More
VANCOUVER, BC / ACCESSWIRE / June 29, 2020 / Ximen Mining Corp. (XIM.V)(1XMA.F)(XXMMF) (theRead full newsRead More
The mine project at Greencastle, County Tyrone, was originally submitted by company Dalradian in 2017.Read full newsRead More