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

Continental Resources is ceasing production in North DakotaThe shares of Continental Resources (NYSE:CLR) are down 4% at $12.70, amid news that the company ceased production in North Dakota and closed off most of its wells in the state's Bakken shale field. Earlier, it was reported that CLR declared force majeure on at least one contract after crude dipped into the negative this week.Continental R...Read More

Sanofi cited a strong demand for pain and fever medications during its first quarter French pharmaceutical maker Sanofi SA (NASDAQ:SNY) is up 2.2% at $49.45 after releasing its first-quarter results and confirming its 2020 outlook. The company announced a 16.1% rise in income at constant exchange rate to 2.04 billion euros, or $2.20 billion, and a 6.6% pop in sales to 8.97 billion euros, or $9.69...Read More

Australia's largest gold refinery has ramped up production of one kilogram bars to ease the supply squeeze in the U.S. that helped propel a surge in the premium for New York futures.Read full newsRead More

Oil prices appear ready to rally for the third-straight dayDow Jones Industrial Average (DJI) futures are poised to climb this morning, propped up by an encouraging earnings report from blue chip American Express (APX). Wall Street is so far shaking off some of the latest alarming economic data, as durable goods orders for March fell 14.4%. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Inde...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") reports that the Company will release its results on or before May 29th, 2020 and will host an investor conference call and CEO Q&A at such time to discuss the results.The Company remains an essential services business with sales and large scale trials for first responders, military and defense cont...Read More

Illegal gold mining led to deforestation of thousands of hectares of forests inside indigenous reserves in the Brazilian Amazon, according to new satellite image analysis by the Monitoring of the Andean Amazon Project (MAAP). Mongabay had exclusive access to the report prior to its release.Read full newsRead More

New World's first drilling at the project was headlined by 5.5m grading 2.5% copper and 11.8% zinc, and 3.9m at 4.2% copper and 11.Read More

March quarter production was 91,911 tonnes of copper, down 24% quarter-on-quarter, and 52,957t of zinc.Copper production was impacted by a 28% drop in output at Las Bambas in Peru to 73,319t due to operational challenges and community blockades which temporarily restricted inbound and outbound logistics.The site faced additional disruptions to mining and production activities due to maintenance re...Read More

Share this articleBarrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling the "nationalization without due process" of its Porgera gold mine in Papua New Guinea.Barrick, the operator, and Zijin Mining Group of China each own 47.5 per cent of the open pit and underground gold mine.In a news release, Barrick says it applied for an extension of its special mining lease...Read More

Times of crisis and chaos necessitate introspection, creativity and adaptation, and while the Covid-19 pandemic is a challenge that is unprecedented in recent human memory, it highlights how essential continual research, innovation and planning are for the sustainability of society.Challenging periods also tend to reveal or reaffirm people’s raison d’être, and for public– p...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSingapore-based commodities trader Aeturnum Energy agreed to take a 19.Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditNew World's first drilling at the project was headlined by 5.5m grading 2.5% copper...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditMarch quarter production was 91,911 tonnes of copper, down 24% quarter-on-quarter, a...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIn January, Rio earned 51% of the project after spending $11 million on exploration ahead of schedule. The company can move to 65% in the new three years by spending an additional $14 million.Read More

After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold (TSXV: PRG) plans to focus on the Copey Hill target at its Ponton project, 20 km away.The Copey Hill target, which has never been drilled, is hosted by the Los Ranchos Formation, the same prospective rocks that host Barrick's...Read More

Papua New Guinea (PNG) is set to take control of Barrick Gold's (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company's lease on environmental and social grounds, Prime Minister James Marape said today."In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed," Marape said.T...Read More

Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic.The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate of US$2.90 per lb.) and forecasts a copper surplus this year of up to 1 million tonnes "in what had been expected to be a balanced market.""While production disruptions in key producer countries will remove signif...Read More

Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that prices below US$15 per oz. "are hard to justify even now," and predicts that prices could reach US$20 per oz. in the next 12 months.By looking at the trajectory for the Euro against the U.S. Dollar and real exch...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe largest decline was seen at its biggest operation, Los Bronces in Chile, which fell 25% to 68,700t from 91,700t due to prolonged and record drought conditions. This saw plant throughput fall 42% due to low water availability which was partially offset by planned higher grades of 1% compared with 0.8% a year ago.This was compens...Read More

JOHANNESBURG (miningweekly.com) – The Lesotho government has permitted diamond mines to reopen from Monday, ahead of the May 5 lockdown extension, Gem Diamonds said on Friday.Mining Weekly can report that Lesotho is authorising diamond-mining’s recommencement in the Mountain Kingdom, contingent on compliance with Covid-19 health and safety guidelines.AdvertisementThe small country surr...Read More