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

Catch a presentation on sensor-based sorting and more at the SRC Technology and Innovation Theatre at PDAC 2020. Learn more.It is well known that the crushing and grinding of ore consumes around 60% of a mine's operating and energy costs in addition to creating most of the greenhouse gas emissions. Advanced mining technologies such as sensor-based sorting have the potential to address the challen...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 financeSPONSOREDminexiaThe news brief contained no reference to any public statements from Barrick or AngloGold regarding AJN's proposal. Nor did it include any com...Read More

(IDEX Online) - Diamond production in Angola rose by 12.3 percent last year, according to Sodiam, the state diamond marketing company. But revenue for 2019 was up by only half that figure (6.2 per cent) due to a fall in prices on international markets. Sodiam said it sold 9.44 million carats of diamonds, providing income of $1.299 billion. Production and sales were "satisfactory," said Janio Corre...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesDeputy minister of territorial governance, Raúl Molina, said the government would pave the road by the end of the term of president Martin Vizcarra in 2021, by which time MMG must have decidedRead More

Gold prices just soared through the $1,600-per-ounce level even with some strong manufacturing data being dropped on the markets this morning.All this comes on the heels of a great 2019 as well, at least the end of it.The beginning of 2019 saw gold at $1,281 per ounce. By the end of the year it was up to $1,509 per ounce - a 17.8% gain.Just a month later at the end of January 2020, it was up to $1...Read More

Newrange Gold Corp. (TSXV:NRG, OTC:NRGOF, Frankfurt: 6C) recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the Company's Pamlico Project in Nevada successfully generated several targets worthy of drill testing.Read full newsRead More

Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More

Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More

North American markets are closed for public holidays today.Base metals all finished the week lower on the London Metal Exchange."The entire complex finishes in the red in part due a build-up in exchange inventories in Shanghai," Marex Spectron's Dee Perera said.She said copper inventories in the Shanghai Futures Exchange warehouses jumped 27%, to levels not seen since March 2019.Gold is on the ri...Read More

While that is just 2% higher than the first half of 2019, the company said its underlying earnings were up 12% to A$28 million, while its available cash was up 24% to $25.5 million.Read More

Ahead of the president's state of the nation address (SONA) last week, the Minerals Council South Africa had renewed calls for action to address the economic crisis, power issues and "unprecedented deterioration" in the mining sector's security situation.Following SONA, it welcomed the president's plans to "change the trajectory of energy generation" and said there were two further announcements w...Read More

(IDEX Online) - Indian manufacturer and exporter Star Rays has pledged to become the country's first carbon-neutral diamond company.It will encourage staff to save energy, cut down on single-use plastics and use public transport to get to and from work.The firm, a De Beers Sightholder, says it's working with consultants Carbon Expert to implement processes and best practices.Emissions an...Read More

(IDEX Online) -  Petra Diamonds blamed a weak market for its $10 million loss in the six months to December 2019.The firm saw its revenue down 6 percent to US$193.9 million (compared with H1 FY 2019: US$207.1 million) due to a decline in rough diamond prices, despite increased production at its mines in South Africa and Tanzania.It reported a net loss after tax of $10 million, compared with a...Read More

(IDEX Online) - Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, according to the National Retail Federation. During the month, online and other non-store sales were up 7 percent year-over-year and up 0.3 percent month-over-month seasonally adjusted."The strength of consumer spending continues to be the anchor o...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More

With the continuing shift to renewable energy sources and lower carbon emissions, global demand for copper is rising. Some analysts predict that demand could increase by as much as 43% over the next 15 years.But there are concerns about the sector, with sizeable deficits forecast as existing mines face reduced capacity and slowing production. For instance, producers in Chile and Peru - the two mai...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 financeSPONSOREDminexiaOf those events, it is only the departure of Glasenberg that is a certainty, but for one of the world's biggest mining and commodity-trading...Read More

"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More

London-listed Petra Diamonds has cut its cash flow targets amid a weak diamond market, owing to the coronavirus outbreak, which started to affect Chinese citizens late last year and has since spread to 24 countries.Reporting on its results for the six months ended December 31, Petra on Monday said its Project 2022 – which involves optimisations and expansion initiatives at all its mines &nda...Read More

The Trump administration has just announced a 10-year, $150-million-per-year ($1.5 billion) request to purchase U.S.-mined uranium for a strategic national uranium reserve. The request is just the beginning of what will be a long process to diversify away from foreign and sometimes hostile sources of uranium.I had the opportunity to speak with one of the most respected voices in the uranium space,...Read More