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
Neo Lithium (TSXV: NLC) has produced battery grade lithium carbonate at its pilot plant in Fiambal?? using concentrated brine from its wholly owned Tres Quebradas lithium project in Argentina.The junior said the brine was extracted from the high-grade zone located in the northern area of Tres Quebradas and then evaporated at the company's industrial-scale ponds at the same location.No chemical rea...Read More
The world needs to limit global temperature increases to between 1.5 and 2 degrees Celsius by the end of this century to avoid devastating climate change, according to the Intergovernmental Panel on Climate Change, a United Nations body that provides policymakers with scientific information about climate change.Atmospheric concentrations of CO2 are now well over 400 parts per million and global em...Read More
Data out of China for February was "worse than many pessimistic forecasts and interest rate cuts from China and the US only underscored the massive challenge the coronavirus poses for world growth," Marex Spectron's Anna Stablum said from the LME desk (Singapore).The S&P 500 closed down 11.98%, the Nasdaq lost 12.32%, and the S&P/ASX 200 closed down 9.7% yesterday.London's FTSE 100 fe...Read More
Minister Aleksandar Anti?? said the figure would be reached by spending on projects such as the ?OEukaru Peki copper and gold mine (US$500 million), together with Rio Tinto's Jadar lithium mine nearRead More
The company has been conducting a review into Downer Mining, which it said continued to perform well, since August last year.Read More
It follows fellow Toronto-headquartered Kinross Gold closing its head office last week for the same reason. Iamgold said on Saturday its employee had last been in its Toronto office on March 6 and was now in self-quarantine at home, in a stable condition.It said the person had attended two private company events and the Northern Ontario Night at the Steam Whistle Brewery but had not been to P...Read More
(IDEX Online) - Pandora, the affordable jewelry retailer, today withdrew its financial guidance for 2020 saying it was "no longer meaningful" in light of the coronavirus pandemic.It also announced it had axed plans to buy back further shares.The Denmark-based company has 7,400 outlets and 28,000 employees, half of them manufacturing its goods in Thailand.Like-for-like sales in China had fallen bet...Read More
(IDEX Online) - GSI is to offer grading reports which identify enhancements to lab-grown diamondsIt says the move will increase consumer confidence by providing buyers with reliable information.The New York-based laboratory says that unlike other labs, it will disclose whether a diamond has undergone post-growth treatments or enhancements.Their reports include the same essential information a...Read More
(IDEX Online) - Estimated diamond reserves at the Lulo mine, in Angola, have been revised up by 25 per cent.Independent consultants have assessed in-situ resources as 100,700 carats, more than five times the 2019 output of around 19,000 carats.They also say the average dollar per carat value is 14 per cent higher than previously thought, up from $1,420 to $1,620.The Australia-based Lucapa Diamond...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSoap and avoiding unnecessary social contact have become mantras as there are now more than 145,369 cases confirmed and 5,429 deaths, but on the positive side of the ledger, 71,694 people haveRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSimich acquired another 50,300 shares for A$181,714 between Wednesday and Friday of last week, paying an average of $3.61 per share. Sandfire shares fell as low as $3.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"Since January the movement of goods and people within Mongolia have been restricted within and across its border and this has further escalated recently as the first case of COVID-19 has occurred in the country," said Rio."Work on the underground project continues, however, progress is being slowed as a result of these measures,"...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe index put February's average at 91.5, up 1.4 from January.However it was a smaller gain for February than in previous years, of 1.6 to 90.6 in February 2019 and a gain of 2.1 to 94.1 a year earlier.Artemis all set thanks to unique approachSPONSOREDartemis resourcesObservations included China's smelter activity continued to be s...Read More
An induced polarization (IP) survey completed at Maple Gold's (TSXV: MGM) 355-sq.-km Douay gold project in Quebec has expanded the 531 Zone target area and identified a new and undrilled target over 600 metres of strike. In addition, one of two holes drilled to deepen a hole from 2019 intercepted a higher-grade narrow zone of mineralization, returning 3.5 metres of 5.96 grams gold per tonne.The s...Read More
Alamos Gold (TSX: AGI) has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island Gold mine in Ontario for $75 million, reducing its company-wide cost guidance for this year by US$13 per ounce.The royalty, acquired from a private company, covered 71% of the current project reserves and a further 1.1 million oz....Read More
Lundin Mining (TSX: LUN) has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face of the global spread of the novel coronavirus."As the workforce for the project includes many contract employees who travel from other regions of Portugal and internationally, the risk is that the virus coul...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 resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineOne possible answer to this unexpected development is as worrying as anything to do with the virus whic...Read More
The virtual event will seek to replicate the one-on-one meetings, company presentations and keynote speakers that DGG's annual events in Zurich and Denver typically provide investors in the precious metals space."We had an idea in late January that [the Covid-19 outbreak] is not going to work out well for us and so our board authorised additional investment into our existing meeting system to be a...Read More
Last night the Fed announced another emergency action as it cut rates 100 basis points.It simultaneously launched a $700 billion quantitative easing program.The Dow and S&P 500 both fell more than 8% last week despite a nearly 2,000-point surge in the Dow last Friday.The $50-$100 daily swings in the gold price are here to stay.Doesn't feel great right now but there are important technical levels t...Read More