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, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Company's wholly owned subsidiary, A2Z MS Military Solutions, Ltd., has been awarded a contract with an Israel-based, NASDAQ-listed defense technology company (the "Client").A2Z has been contracted by the Client to perform electrical safety checks as well as other service functions across the...Read More
The head of the Vale nickel plant in New Caledonia says the board of directors has approved $US120 million for restructuring the business, which is for sale.Read full newsRead More
Despite mining's contribution to almost every aspect of modern life, the industry is still seen as one that takes more than it gives, which has brought it to the reputation crisis it faces today, Anglo American's (LON: AAL) chief executive officer, Mark Cutifani, said on Monday."We need to connect the future of mining with next-generation societal values," Cutifani told delegates at African Mining...Read More
Resolution is raising about A$4.5 million to fund the work at its 64North exploration project, with the new shares being priced at 5c each.Read More
(IDEX Online) - Gem Diamonds Limited has announced the discovery of an exceptional 183-carat white Type IIa diamond from the Let?... ?eng mine in Lesotho on February 3.The miner also announced that it also recovered two different high quality diamonds, one of 89 carats and the other of 70 carats, from the mine. The Let?... ?eng mine is the highest dollar per carat kimberlite diamond mine in t...Read More
(IDEX Online) - As fears over the spread of the coronavirus mount, show organizers in Hong Kong have announced that some upcoming events have been postponed. The Hong Kong Trade and Development Council (HKTDC) has moved the HKTDC Hong Kong International Diamond, Gem & Pearl Show 2020 (originally scheduled for March 2-6) and the HKTDC Hong Kong International Jewellery Show 2020 (originally...Read More
(IDEX Online) - There should be lots of happy jewelry recipients this Valentine's Day. That's because U.S. consumers say they plan to spend $5.8 billion on jewelry this year. That's according to research from the National Retail Federation and Prosper Insights & Analytics.Department stores are the most popular Valentine's Day shopping destination, visited by 36 percent. Clo...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 financeSPONSOREDminexia"Setting the objective to be carbon neutral by 2050 is an important step forward in our commitment to reducing emissions and taking action on...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 financeSPONSOREDminexiaFor Barrick's shareholders, it's a hot topic, and no wonder, following Bristow's informal tilt some weeks ago at copper giant Freeport McMora...Read More
Uncertainty over the coronavirus outbreak - which has sickened 37,251 people in 25 countries and left 813 people dead (all but two of them in mainland China) as of Feb. 9 - has analysts trying to calculate the economic impact of the disease on global economic growth, commodity markets and worldwide trade and supply chains.In particular, the health crisis is raising fears of a slowing Chinese econo...Read More
This episode features the induction of the late Hans Lundberg to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9.Hans Lundberg was a visionary pioneer in the development and application of geophysical and geochemical methods for mineral exploration. Lundberg was the first to conduct ground geophysical surveys in Canada in the 1920s, and...Read More
Nighthawk Gold (TSX: NHK) has released the results of nine holes completed last year at the Treasure Island gold project, located within its 899-sq.-km Indin Lake property in the Northwest Territories.The drill highlights include 13 metres of 8.51 grams gold per tonne and 7 metres of 6.35 grams gold.All of the 19 holes completed at Treasure Island last year intersected mineralization. Drilling to...Read More
LSE-listed Gem Diamonds has recovered an exceptional 183 ct white Type IIa diamond from the Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.It has also recovered two other significant high-quality diamonds, weighing 89 ct and 70 ct.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
Gold has been on a tear, adding over $300 per ounce over the last eight months, or nearly 22%. It's now sitting at levels it hasn't seen in nearly seven years.The question is, how much further can we expect it to run?We have seen spikes from the recent Iran drama, and a bit from the coronavirus scare as well. Headlines will always drive short increases, but fundamentals will carry the long-term tr...Read More
TORONTO, Ontario, Jan.31, 2020(GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra") (TSX: CG) is pleased to announce that the first gold pour from its...Read full newsRead More
Massive Chinese central bank intervention has resulted in gold trading flat, silver falling and copper rising. Chinese evening session will be closed in metals and energy futures. 1. China's central bank said it will inject 1.2 trillion yuan ($173.8 billion) worth of liquidity into the markets via reverse repo operations today. 2. China's central bank unexpectedly lowered the interes...Read More
Massive Chinese central bank intervention has resulted in gold trading flat, silver falling and copper rising. Chinese evening session will be closed in metals and energy futures. 1. China's central bank said it will inject 1.2 trillion yuan ($173.8 billion) worth of liquidity into the markets via reverse repo operations today. 2. China's central bank unexpectedly lowered the interes...Read More
TD Securities global head of commodity strategy Bart Melek discusses how coronavirus is affecting metals prices, including copper.Read full newsRead More
Alphabet is due to report later tonight U.S. stocks wrangled in a notable win for the first trading day in February, quickly writing off Friday's drop. A solid 3.6% lift out of Nike (NKE) was the biggest driver for the Dow today, guiding the index 143 points higher by session end. Tesla (TSLA) was also big winner, soaring 20%. Although earnings activity was light today, the highly anticipated Alph...Read More
The company reported net loss and cash used for 2019 in-line with past years while making progress on the permitting front.Read full newsRead More