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 - Centerra Gold Inc. is suspending open pit mining at its Oksut project in Turkey in an effort to slow the spread of COVID-19.The suspension of work at the project starting March 31 is for an initial period of two weeks.However, the gold miner says operations at its Kumtor mine in the Kyrgyz Republic and its Mount Milligan operation near Prince George, B.C., continue fo...Read More

LSE-listed Gem Diamonds has, in line with the Lesotho government’s three-week lockdown to combat the spread of Covid-19, temporarily placed its Letšeng mine on care and maintenance.Lesotho’s national lockdown will start on March 29 and end on April 21.AdvertisementFor the period of the lockdown, only essential maintenance will take place, with security and support staff performi...Read More

(IDEX Online) - Jewelry trade organizations are among 90 US groups urging President Trump to help businesses threatened by the coronavirus The signatories include Jewelers of America, Jewelers Vigilance Committee, the Women's Jewelry Association and the Tri State Jewelers Association."The economic harm from social distancing and mandatory store closures is real. Layoffs and economic hard...Read More

(IDEX Online) - Russian miner Alrosa is auctioning its large diamonds online, with digital scans of each stone, in response to the coronavirus pandemic.Special size auctions of all diamonds weighing over 10.8 carats regularly take place at Moscow, Vladivostok and other international diamond trading centers and attract up to 100 companies from different countries.Because of lockdowns and travel res...Read More

The World Federation of Diamond Bourses (WFDB) has created a World Federation Diamond Trading Platform to provide a secure and reliable source of trading amid uncertain times globally, while promoting trade and healthy competition in the diamond market.The cross-bourse trading platform will be launched soon and will be available for use by all members of the organisation’s bourses.Advertisem...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 resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineThrough Resolution 28, the agency has suspended the submission of defenses, evidences, oppositions and...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe 15-day suspension will see the remaining work at the Chuquicamata underground mine, early works at Rajo Inca and construction at the Andina transfer project stop. The stoppages will limit the movement of people across different regions of the country and reduce those using air and land transportation.The stoppages will not impa...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The company said yesterday the updated resource comprised an indicated 97.6 million tonnes grading 0.33% total copper an...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Chilean government agency, ENAMI, wants the ore for processing at its nearby Vallenar processing plant, with the agreement reportedly "safeguarding" 400 jobs.Read More

As the science continues to evolve around the transmission of the deadly coronavirus, the 23,000 people who attended the Prospectors & Developers' Association of Canada (PDAC) convention in Toronto on March 1-4 can only watch and wait.PDAC confirmed the first case of infection on March 11, stating that an attendee had tested positive for the virus after returning to his home in Sudbury. The conven...Read More

Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating asset portfolio, sustaining projects in progress, and implementing exploration and mineral resource management initiatives. It does not include additional asset o...Read More

On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of COVID-19.With governments from Africa to Latin America issuing lockdown orders, disruptions to operations and supply chains are affecting the outlook for industrial and precious metals. Most of the majors have now announc...Read More

DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining machinery and equipment.The HydraGEN technology is about the size of a suitcase for use in trucks, with larger models for use in more significant mining machinery and equipment, and the c...Read More

The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org.Like most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe. We believe that recent volatility in the gold price has been driven by massive liquidations across all assets, and likely magnified by...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 resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineWithin barely a few weeks, even some hitherto fervent small-government adherents have turned full circl...Read More

Russian miner Alrosa has launched a digital tender for special size rough diamonds weighing more than 10.8 ct.The miner decided to cancel the upcoming special size auctions, simultaneously offering customers the opportunity to take part in a digital tender if they need rough diamonds.AdvertisementThe digital tender allows customer to buy diamonds despite current travel restrictions imposed between...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesWith the virus halting industrial output in China, copper consumption took a hit in the first quarter with demand down 14% year-on-year during the quarter, according to research from BMO CapitalRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPolyMet and the Department of Natural Resources (DNR) had petitioned the Supreme Court in February to overturn the lower court's January 13 ruling, which remanded the three permits to the DNR for a contested case hearing."The court of appeals' interpretation of the statute creates tremendous uncertainty for companies who want to in...Read More

Let's talk a little bit about what is "essential" to function in our society during times of unrest...My grandma always told me: "Jimmy, all you need in life is food, clothes, and shelter." That sounds awfully quaint these days, but it is capital-T True.Call me old-fashioned, but I would start the "essential" debate with hospitals, pharmacies, and grocery stores. But after living through a few w...Read More

Why is there such a huge gap between spot price and future price in gold/silver?1. Mines are closed or closing. There will be no new supplies.2. Global lockdown is preventing physical gold and silver to be transferred from one nation to another. 3. Lack of alternate safe investment avenue and availability of free money to fund managers and large corporates has resulted in shor...Read More