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
Vancouver-headquartered Lucara Diamond Corp achieved strong operating results for the year ended December 31, a reflection of the company’s continued focus on safe, reliable operations, president and CEO Eira Thomas said in a statement.She indicated that the company’s strategy had yielded increased productivity at lower costs and provided a solid foundation to support Lucara’s ne...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAltiplano said it planned to advance the Hugo decline up to 53m vertically below the 395m level and allow it to access a potential 200,000 tonnes of copper-gold mineralised material."We are excited to move the project forward as we work on this expansion and the development and building of the onsite processing facility," rece...Read More
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight companies exploring worldwide. Aurania ResourcesStones from a road found in the Lost Cities-Cutucu Project in southeastern Ecuador. Credit: Aurania Resources/Twitter.Aurania Resources (TSXV: ARU) is exploring its...Read More
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.Canada's largest diversified miner will take a C$1.13-billion (US$852.12 million) write-down on the project, which it sa...Read More
Dual-listed Botswana Diamonds on Monday announced that kimberlite, identified by visual inspection, had been intersected at shallow depth in two out of three holes drilled at the Marsfontein project in Limpopo, South Africa.The company has been undertaking a percussion drilling campaign on Thorny River and the contiguous Marsfontein project.AdvertisementThis kimberlite is believed to be associated...Read More
Azuay prefect and anti-mining protestor Yaku Perez submitted the request as he believes mining projects pose a threat to water sources and the environment.Read More
More than 80,000 cases - and over 2,600 deaths - of COVID-19 (coronavirus) have been confirmed and worries about the virus becoming a global pandemic have governments around the world scrambling to come up with solutions to mitigate the economic impact of the virus.While it appears that efforts in China are starting to bear fruit, new outbreaks in over 30 countries including Italy, the Middle East...Read More
Seven straight sessions of gains lifted the gold price to a fresh seven-year high, after renewed fears of the coronavirus sent investors scurrying to safe-haven assets.The gold price touched a new intra-day high of US$1,652.10 on the Comex market in New York, up 2%, or US$32 per oz., from yesterday's settlement, and the highest level since mid-February 2013.By midday, trade already hit the highest...Read More
Share this articleEDMONTON - The Alberta government has struck deals with two northern Alberta First Nations over a proposed open-pit oilsands mine that's awaiting Ottawa's approval.The Mikisew Cree and Athabasca Chipewyan First Nations had previously reached deals with Teck Resources Ltd. for the Frontier mine, but were still negotiating with the province over environmental and cultural concern...Read More
(IDEX Online) - Chow Tai Fook has reportedly laid off staff at its newly-launched US operation.Hong Kong's leading jewelry corporation established its North American hub last May, with headquarters in Boston.Chow Tai Fook North America, which owns the Hearts On Fire and Memoire brands, has reduced head count, according to JCK Online, although a spokesperson declined to give further details.Pa...Read More
(IDEX Online) - Lightbox is to provide limited grading information with its mass-produced lab-grown diamonds.The De Beers lab-grown brand decided not to grade its diamond when it launched in September 2018.But CEO Steve Coe says the company is now responding to consumer feedback by providing basic grading information.All LGD stones above 0.2 carats will come with minimum specifications for c...Read More
(IDEX ONLINE) - A number of the alluvial diamonds recovered from stream bulk sampling at Lulo, Angola, are Type IIa - exceptionally rare and pure.The ASX-listed Lucapa Diamond Company last week reported it had found 45 diamonds of up to 3.75 carats from hard-rock kimberlite sources in the Canguige tributary.It says follow-up analysis has now confirmed the presence of the Type IIa gems, along with...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe plant operation was suspended last week as a precaution after flooding caused by heavy rains impacted site infrastructure including the tailings site and railway.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 resourcesCase study: platform financeSPONSOREDminexiaIt's early days in the developments being reported in China but investors should be aware that demand for nickel and cobalt in the batteries...Read More
These 5 gold mining stocks are all making new 52-week highs even if they go mostly unmentioned on the tube or in the press.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Gold surged past US$1,600 this week and kept moving higher on the back of concern that the coronavirus is slowing the global economy.Read full newsRead More
These 5 gold mining stocks are all making new 52-week highs even if they go mostly unmentioned on the tube or in the press.Read full newsRead More
Feb 20, 2020 (GoldStocks.com via COMTEX) -- Gold has been in the middle of a remarkable rally over the past few days. On Thursday, gold futures gained for...Read full newsRead More
Tony Makuch, president and CEO of Kirkland Lake Gold, is The Northern Miner's Mining Person of the Year for 2019.Under his leadership, Kirkland Lake Gold has outperformed its peers in the last 24 months. The company's shares rose by 60% last year, it raised its dividend twice and more than doubled its cash position, ending 2019 with US$707 million in cash and equivalents.Kirkland Lake Gold operate...Read More