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 company had sought A$10 million initially, but said demand from sophisticated and institutional investors was strong. Shares will be issued at 21c each, an 8.7% discount to the last closing price.Read More

He said the drop was mainly driven by gold-focused exploration budget cuts and the lack of reinvigoration of exploration spend in the sector in the 2019 season.North America exploration spending was also impacted by major M&A activity such as that of Barrick Gold and Newmont, with the resultant exploration budgets of the merged companies usually much lower than the combined budgets of the indi...Read More

(IDEX Online) - India's diamond exports are expected to drop by a fifth this year, say forecasters. Coronavirus combined with sluggish global demands, have badly hit the second biggest cutting and polishing country in the world. Total diamond exports in the first nine months of the fiscal year were down 18 per cent year-on-year, according to a report published today by Crisil Ratings, the Mum...Read More

Russian miner Alrosa’s investment committee has approved financing for preliminary engineering studies at the Jubilee diamond mine, to provide up-to-date information to decide on the construction of an underground mine.The Jubilee pipe of the Aikhal division is currently being mined by openpit methods.AdvertisementIn 2019, the company considered technical specifications and decided to start...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 managedSPONSOREDHe said the drop was mainly driven by gold-focused exploration budget cuts and the lack of reinvigoration of exploration spend in the sector in th...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 2020-2030 plan aims to provide a roadmap for the development of the mining sector which will consolidate gains and guide future governments.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 focus for 2019 drilling was to infill the in-pit inferred resource in preparation for an update of the 2013 feasibility study, but that result...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSpeaking as part of a Tethyan-focused panel, Mac Canby, a director for generative exploration at Freeport-McMoran, said the bar was lower for ore in West Tethys - a tectonic belt which extends fromRead More

The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have signed a memorandum of understanding (MOU) with the Brazilian Mining Association (IBRAM) that seeks to increase investment in the Brazilian mining sector over the coming years.The signing of the MOU, which coincided with the Prospectors and Developers Association of Canada convention, is expected to open up opportunities for exp...Read More

Developer Wallbridge Mining (TSX: WM) has announced plans to acquire explorer Balmoral Resources (TSX: BAR) in an all-share deal worth $110 million, consolidating the Fenelon gold property, within the Abitibi greenstone belt, to 86 square kilometres."The combination of our two companies creates an entity with a solid balance sheet; a diverse yet focused project portfolio; a motivated management g...Read More

Alrosa, the world's top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest.The Russian state-owned company is now selling naturally occurring fluorescent diamonds mixed with others. At the same time, it's holding talks with global jewellery retailers about jointly marketing its "Luminous Diamonds" brand,...Read More

A day after its shares started trading on the TSX Venture Exchange, Canada Nickel Company (TSXV: CNC) released a maiden resource estimate for the wholly-owned Crawford nickel-cobalt sulphide project near Timmins, Ontario.The resource features 600.4 million tonnes in the measured and indicated category grading 0.25% nickel and 0.013% cobalt for a total of 1.53 million tonnes nickel and 78,000 tonne...Read More

Rockcliff Metals (CSE: RCLF) has released resource updates for the Tower and Talbot volcanogenic massive sulphide (VMS) deposits within the Flin Flon-Snow Lake greenstone belt in Manitoba.At its wholly-owned Tower property, indicated resources are now at 1 million tonnes grading 5.74% copper-equivalent for a total of 129.8 million lb. copper-equivalent, with additional inferred resources of 367,00...Read More

AJN Resources (TSXV: AJN) has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Soci?(C)t?(C) Mini??re de Kilo-Moto (SOKIMO), after facing stern opposition from Barrick Gold (TSX: ABX; NYSE: GOLD), the mine's operator.Barrick and AngloGold Ashanti, which each own 45% of Kibali, said SOKIMO had not consulted nor informed them about the transac...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 theory supporting the two key ingredients in steel is based on a view that while demand for minerals and metals is likely to be hit by a sharp...Read More

Share this articleTORONTO - Ontario has signed agreements with two Indigenous communities in a move the government says is a step forward in its plans to build road access to the Ring of Fire region.Premier Doug Ford announced the new deals with the Marten Falls First Nation and Webequie First Nation at a mining conference in Toronto on Monday.The previous Liberal government had signed deals wi...Read More

Share this articleOTTAWA - Canada is making off-road electric vehicles and automotive equipment eligible for immediate tax writeoffs in a bid to encourage Canadian companies to buy them, Prime Minister Justin Trudeau said Monday.Trudeau was in Toronto speaking at the Prospectors and Developers Association of Canada conference, where he lauded the mining sector's efforts to protect the environment....Read More

LONDON – After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers.The middlemen who cut, polish and trade the world’s gems were at the center of a disastrous year for the diamond industry last year, after a glut of both rough and polished stones destroyed profit margins and banks tightened financing. De Beers...Read More

Last year was the busiest year for mergers and acquisitions in the precious metals sector since 2010, Catherine Raw, the executive responsible for Barrick Gold's (TSX: ABX; NYSE: GOLD) North America region, told a luncheon at the Prospectors & Developers Association in Toronto on Mar. 2.Over the last eighteen months, the market has witnessed the $5 billion merger of Randgold Resources and Barrick...Read More

Last month I provided a brief overview of the initial coronavirus reports out of China.I told you that "for the first time in a long time I see the potential for a pullback in the major U.S. indices."And that "...outside of the very real human costs the virus has already inflicted, there is the potential for a significant economic impact."Unfortunately that's exactly what's playing out.On the huma...Read More