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
A total of 106.3 million tonnes of coal was railed in Queensland and New South Wales in the first half of 2019-20 compared with 106.5Mt in the first half of 2018-19.Read More
There was a lot of discussion on climate change and ESG, with virtually every corporate presentation and panel touching on it.Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, will hold its 2020 annual congress in Dubai, United Arab Emirates (UAE), from October 5 to October 7. The 2020 congress will be hosted by DMCC (Dubai Multi-Commodities Centre) with pre-congress meetings taking place on October 3-4.The congress serves as the official gathering place for the World Jewellery Confederation's Assembly of De...Read More
(Press Release) - IDEX and Yehuda Diamond Company are pleased to announce that IDEX is now using the Sherlock Holmes Detector to check single and melee stones as part of its authentication process in Antwerp. The two companies are also making the detector available for any supplier who wants to check their diamonds at the IDEX Office. The Sherlock Holmes Detector is a manually oper...Read More
(IDEX Online) - Over 300 international buyers from 18 countries arrived in Ramat Gan for the International Diamond Week in Israel, which opened yesterday. Of these buyers, 110 were in Israel for the first time. "This year, a record number of buyers and delegations from around the world have arrived here," said IDE president Yoram Dvash at the opening ceremony. He also noted that the total num...Read More
(IDEX Online) - The Alrosa Group has announced that it sold $405 million worth of rough and polished diamonds in January. That's an increase of 44 percent year-over-year. The company said rough diamond sales to third parties amounted to $390.2 million, with polished diamond sales reaching $14.8 million."January saw steady demand for rough diamonds as cutters continued restocking on the b...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 copper producer will withdraw from White Rock Minerals' Red Mountain zinc project in Alaska, after having spent A$8.5 million on explorat...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIvanhoe said the person passed away due to fat embolism syndrome causing severe brain damage, following a broken bone incurred in the accident which had involved a contractor-operated underground vehicle at the Kakula mine.The company had reported the first fatality at the Kamoa-Kakula project in September, involving a civil contra...Read More
When the coronavirus that caused Severe Acute Respiratory Syndrome (SARS) became a worldwide health emergency between November 2002 and July 2003, I was the bureau chief for The Far Eastern Economic Review magazine in Singapore.Reporters were instructed to stay at home and we spent our days tracking down scientists, doctors and healthcare workers by phone to comment on the mysterious virus. We als...Read More
This episode features the induction of the Eberhard ("Ebe") Scherkus to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9, 2020.The success and longevity of Agnico Eagle Mines owes much to Eberhard ("Ebe") Scherkus, who joined the company as a project manager in 1985, became chief operating officer (COO) in 1998, and was president and COO...Read More
Excelsior Mining (TSX: MIN) announced in early February that it is fast-tracking a production optimization program, based on data collected at its Gunnison in-situ recovery copper mine in Arizona."These upgrades were planned to take place over time once nameplate production had been achieved," the company said, noting that mining activity began in January, but Excelsior decided to make the changes...Read More
The U.S. is host to a number of enviable mining jurisdictions, both in terms of geological endowment and investment attractiveness. Nevada is perhaps most well-known, with Alaska a close runner-up. Idaho is also emerging as a desirable destination for developers. We present eight companies exploring, developing and operating within the U.S. Americas Gold and SilverAmericas Gold and Silver (TSX: US...Read More
BHP Group (NYSE: BHP; LSE BHP) has become the world's largest copper miner based on production, after Chile's copper commission announced a slide in output at state-owned Codelco.Hampered by declining grades Codelco production declined by 5.6%, or about 100,000 tonnes, last year.Codelco, nationalized in the early 1970s, churned out 1.706 million tonnes of copper, the lowest level since 2008, when...Read More
Russian diamond miner Alrosa's rough and polished diamond sales increased by 44% year-on-year to $405-million in January.This included $390.2-million worth of rough diamonds sold to third parties and $14.8-million of polished diamond sales.Advertisement"January saw steady demand for rough diamonds as cutters continued restocking on the back of positive Christmas jewellery retail sales,&qu...Read More
Change always moves faster than we think.Many of our readers know that all too well as they took advantage of the early days in the marijuana boom.The same goes for the rapid adoption of renewables, especially solar, as it moved from a costly form of virtue signaling to the cheapest form of electricity generation in the nation.We're rapidly approaching another inflection point where a small segmen...Read More
Bullion has many advantages for long-term investors, experts say. But for those who want to bet on the current rally, gold-mining stocks may be preferable.Read full newsRead More
Vanstar Mining Resources has appointed Freeform Communications Inc. as Investor Relations in Western Canada as well as their Online Marketing services. Freeform Communications Inc. is a Vancouver based Investor Relations and Online Marketing Firm. With over ninety years of combined experience, specializing in a full range of investor relations and capital market services, Freeform hasRead full new...Read More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
Coronavirus has officially surpassed SARS in death tollThe Dow picked up an impressive triple-digit win today, despite trading more than 100 points in the red at its session lows. Powered by a 2.6% burst from Microsoft (MSFT), the blue-chip index at least for a day shook off the worsening coronavirus outbreak, which has now surpassed SARS with a death toll of 908. Meanwhile, the S&P 500 roared hig...Read More