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

Oil plunged to an 18-year lowWall Street was all over the place this week, in a volatile stretch indicative of where the world is at right now. The Dow kicked off the week alternating between triple-digit losses and gains. The only model of consistency was the Nasdaq, earlier in the week logging its first four-day win streak since early February. Commodities joined in on the roller-coasted action...Read More

A report was released that Gilead Sciences' COVID-19 treatment is workingShares of Gilead Sciences, Inc. (NASDAQ:GILD) are surging, last seen up 10.6%, at $84.66, after an encouraging report suggested the biotech company's antiviral medication remdesivir may be effective at treating patients with severe cases of COVID-19. Conversely, there is some pessimism surrounding these findings, with Baird i...Read More

RF reported earnings below Wall Street's estimatesRegions Financial Corp (NYSE:RF) shares are shaking off a less-than-stellar first-quarter earnings report, up 5.8% to trade at $9.37, at last check. The company reported adjusted first-quarter earnings of 14 cents per share on $1.41 billion in revenue, lower than analysts' anticipated 23 cents per share and $1.46 billion. On the charts, Regions Fin...Read More

Oil prices are the only grim mover todayAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are poised for one last surge higher this week. There's optimism on Wall Street afterGilead Sciences' (GILD) remdesivir -- an experimental treatment for coronavirus -- is reportedly making progress, lending hope that businesses can begin to ramp up activity quicker-than-exp...Read More

The company's mine in Red Lake is still on track for first gold production in late 2020.Read full newsRead More

Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic, the mining company announced it would raise the same amount of money and possibly more through a non-brokered private placement.SilverCrest announced on April 13 that it would issue 10 million common shares a...Read More

"We reported on March 11 that we will need to raise $150 million to complete the feasibility study and for regional exploration and there are no changes to that, so within the next couple of weeks weRead More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here.Mined copper production in the March quarter dropped 8% year-on-year and 4% quarter-on-quarter to 133,000 tonnes due to lower grades.Rio now expects mined copper product...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"We reported on March 11 that we will need to raise $150 million to complete the feasibility study and for regional exploration and there are no changes to that, so within the next couple of weeks weRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesMarch quarter production from the DeGrussa copper mine in Western Australia was 17,936 tonnes of copper and 9352 ounces of gold at "extraordinarily low" C1 costs of US74c per pound of 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 auditEditor's Note: Mining Journal is making some of its most important coverage of the C...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe First Environmental Court said this week it would Read More

KORE Mining (TSXV: KORE; US-OTC: KOREF) has reported a preliminary economic assessment (PEA) for its wholly-owned Imperial gold deposit in the desert region of southeastern California, 14 km from Equinox Gold's (TSX: EQX; NYSE: EQX) Mesquite mine.The PEA forecasts an average annual production of 146,000 oz. gold over a mine life of eight years for a total production of 1.2 million oz. at all-in su...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5%, as it has had to scale down operations due to measures to stop the spread of COVID-19.Barrick now expects to churn out 1.25 million oz. gold in the first three months of the year, slightly below the 1.37 million oz. it produced in the first quarter of 2...Read More

Thor Explorations (TSXV: THX) is moving forward with its Segilola project in Nigeria after securing a US$98-million financing.Once completed, Segilola, located 120 km from Lagos, will become the country's first large-scale gold mine.Thor said the financing package totalled US$104.5 million, coming mostly from long-term investor Africa Finance Corporation (AFC). The institution will contribute US$5...Read More

Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China's economy, as it reported improved shipments of iron ore to the country, but the company cut its forecast for annual copper output citing coronavirus-related disruptions.The company, the world's top iron ore miner, posted higher-than-expected output of the steelmaking ingredient for the first three months of the year. Producti...Read More

Even before COVID-19 had been declared a pandemic, the mining industry in Canada's northern territories was facing challenging circumstances. The ongoing protectionist trade wars were leading to lower commodity prices, and the impact on potential mine closures and decreased exploration expenditures was becoming more dire.According to preliminary figures released in February by Natural Resources Ca...Read More

We've been warning about negative rates for years.Well, it's taken a little bit longer than expected, but they're finally here.Interest rates on short-term Treasury bills turned negative in late March, when one-month T-Bills were trading at a negative yield of minus-15 basis points.So it's already happening, somewhat naturally as demand for the perceived safety of U.S. Treasuries surges. But negat...Read More

Mine and project closures related to COVID-19 have begun to drive the uranium spot price higher, helping the metal break past $27 per pound.Read full newsRead More

Gold Mining Stocks' Outlook Bright on Coronavirus FearsRead full newsRead More