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
The main priority is advancing construction of the Aripuana zinc project in Brazil, which is planned to produce 120,000 tonnes per year of zinc-equivalent comprising 70,000tpy zinc, and 50,000tpy ofRead More
"This arbitration procedure will not affect our current operations. The amounts discussed have been paid, under protest, and are promptly related to past activities. Currently, we operate under a new contract for guarantees and investment promotion measures," said Cerro Verde in a statement.The dispute with tax agency Sunat relates to a 1998 tax stability agreement the company signed with the gove...Read More
Share this articleTORONTO - Ontario's economic development minister has announced he is leading a mining mission to Peru and Ecuador.Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets.He says Peru and Ecuador represent "an abundance of untapped potential" for Ontario suppliers to the mining industry.During Fedeli's April 13-1...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 resourcesFinancing risks can be managedSPONSOREDThe main priority is advancing construction of the Aripuana zinc project in Brazil, which is planned to produce 120,000 tonnes per year of zinc-eq...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMcIntosh said the focus had turned to "rightsizing" the entry point to new projects while maintaining the company's core focus on quality growth, margins and returns.Read More
The 11sq.km Airstrip target was the largest gold-in-soil anomaly outlined so far on the greater 1,700sq.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"This arbitration procedure will not affect our current operations. The amounts discussed have been paid, under protest, and are promptly related to past activities. Currently, we operate under a new contract for guarantees and investment promotion measures," said Cerro Verde in a statement.The dispute with tax agency Sunat relates...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesGrowing social tensions in Chile, as the process leading to a public vote on whether or not to create a constituent assembly to draft a new constitution, is also likely to have been a factor in the cancelation.The event website referred to growing social unrest and the precautions the organisers were taking.Artemis all set thanks t...Read More
Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC convention attendees in early March. The Star Wars theme song filled the packed conference room while iconic yellow text scrolled up from the bottom of screens flanking the stage before Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder and co-chairman delivered his presentation titled Revenge of the Mi...Read More
Argonaut Gold (TSX: AR) continues to intersect high-grade mineralization below and adjacent to the reserve pit limits at its 22-sq.-km Magino project, 40 km northeast of Wawa, Ontario.The most recent drill highlights include 11 metres of 11.68 grams gold per tonne, 6 metres of 10.79 grams gold and 2 metres of 17.26 grams gold. As reported in December, the ongoing drilling continues to intercept tw...Read More
Drilling between the Marathon and Leprechaun deposits at Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland has confirmed a new area of mineralization: the Berry zone.Drill highlights include 55 metres of 2.24 grams gold per tonne, 8 metres of 3.92 grams gold, and 8 metres of 3.02 grams gold.The eight holes in the latest release tested a 200-metre long section of the 6-km long Spri...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIn a typical tour de force performance at PDAC in Toronto, Friedland trotted out a vast array of miscellaneous numbers, facts, and quirky asides promoting the outlook for copper and all the otherRead More
In a capital markets session at the Prospectors and Developers Association of Canada, investment bankers from BMO Capital Markets, TD Securities, CIBC Capital Markets and RBC Capital Markets discussed the impact the outbreak of the coronavirus, or Covid-19, is having on markets and banking. Anthony Vaccaro, group publisher of The Northern Miner, moderated the session, with Michael Faralla, manag...Read More
This episode features a speech by Canadian Prime Minister Justin Trudeau on his vision for the mining industry in the context of climate change at the Prospectors and Developers Association of Canada conference in Toronto on March 2, 2020. Trudeau draws comparisons between today's climate debate and the NAFTA debate from the late-1980s; responds to Teck's decision to cancel its Frontier oil sands...Read More
It's usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this year's Sunday afternoon talks.At the start of his talk on the outlook for metals and mining in 2020, Paul Robinson, a director at CRU Group, noted the unusually...Read More
Sociedad Quimica y Minera or SQM (NYSE: SQM), the world's second-largest lithium producer, continues to suffer from sustained weak prices for the metal used in batteries that power electric vehicles and high-tech electronics, with profit falling almost 38% in the last quarter of 2019.The Santiago-based company posted fourth-quarter net income of US$66.9 million, compared to US$108.6 million in the...Read More
(IDEX Online) - US consumers are staying home, as experts warn the coronavirus could lead to a "retail apocalypse". Malls are braced for a sharp decline in footfall, with 58 per cent of consumers saying they're likely to avoid public areas such as shopping centers and entertainment venues if the outbreak worsens, according to the research and advisory firm Coresight Research. Its survey of al...Read More
The World Diamond Council (WDC) strongly endorses the regional approach taken by the Mano River Union (MRU), in West Africa, to reinforce the effectiveness of the Kimberley Process Certification Scheme (KPCS).The MRU held a three-day workshop in Sierra Leone last week to discuss a programme designed to enhance the implementation of the KPCS.AdvertisementDuring the meeting, WDC executive director E...Read More
(IDEX Online News) - After months of almost straight-line stability, prices of polished diamonds declined markedly throughout February. Prices started at 120.78 and fell steadily day by day (aside from one tiny blip) to close the month at 119.35, a fall of 1.27%.IDEX Online members click here for full report Read More
Later this month, some new tech is going to be on the road where Tesla will never go.It is kind of a shame too, considering how beautiful the vistas are...A new breed of trucks will be making deliveries through the Swiss Alps.As these 50 new 18-tonne H2 Xcient trucks from Hyundai get rolling, it will also illustrate a fact that Tesla doesn't want its investors to realize: No matter what it does, i...Read More