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
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 financeSPONSOREDminexiaNewcrest's first foray into North America comes with the promise of adding a fifth tier-1 asset to its line-up of multi-million-ounce assets...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 financeSPONSOREDminexiaAnglo talks about Sirius fitting in with its strategic trajectory of moving towards later cycle products that support and help to feed a fast...Read More
Resolute Mining (LON: RSG) is selling its Ravenswood gold mine in Queensland - its only Australian asset - to private equity firm EMR Capital Management for US$207 million in cash.Resolute signed the definitive sales agreement in mid-January with a consortium led by Melbourne-based EMR that included Singapore-listed Golden Energy and Resources.The underground mine, 65 km east of Charters Towers in...Read More
This episode features the induction of P. Jerry Asp to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9. Asp is one of Western Canada's most prominent Indigenous leaders and a tireless advocate for the inclusion of Indigenous Peoples in the mining industry. His leadership skills came to the fore in the 1980s, during a mineral exploration...Read More
Marathon Gold's (TSX: MOZ) latest resource update for the Valentine project features total measured and indicated resources of 54.9 million tonnes grading 1.75 grams gold per tonne gold for a total of 3.1 million oz. and inferred resources of 16.8 million tonnes at 1.78 grams gold for a total of 1 million ounces.While the global resource figures have not changed greatly, the updated numbers upgrad...Read More
Global law firm White & Case has released the results of its fourth annual survey on mining and metals, identifying trade and ESG issues as the industry's top concerns for 2020.White & Case surveyed 64 senior industry decision makers on an array of topics, including key risks for 2020, what ESG areas will be most scrutinized, which metals will do best, and the level of M&A expected this year.Trade...Read More
Gran Colombia Gold (TSX: GCM) expects to complete in February the spin-off of its Marmato project, located in Colombia's department of Caldas, into a separately listed company, executive chairman Serafino Iacono said at a trade conference in Vancouver, Canada.The Canadian miner, which will retain a major stake in the new listed company, said the move should help generate the funding required for o...Read More
MOSCOW – The government of Russia's Yakutia region, which has a stake in diamond producer Alrosa, has proposed the company sell rough diamonds worth $0.5-billion to $1-billion to the precious metals and gems repository Gokhran in 2020, Interfax news agency reported.Diamond miners are battling falling demand, as well as competition from diamonds manufactured in laboratories. Alrosa is the...Read More
We're just a matter of days away from collecting all our tax forms and finding out how much of our income to dump in the U.S. government's money hole.Every year during tax season I come back to something The Onion made about a dozen years ago. It is one of the best satirical videos you'll ever see:That raises the question, though...What if you could get money out of the money hole?This is no scam...Read More
Triumph Gold Corp., (TSXV:TIG, OTCMKTS:TIGCF) is pleased to announce that Jesse Halle (P.Geo.) has been appointed Vice President Exploration.Read full newsRead More
As prices go down, miners are expecting that strategies to reduce oversupply eventually work.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Rockfire Resources (LSE:ROCK) was trading 27% higher at 1.05p on Monday morning after announcing that drilling to extend gold mineralisation had kicked off...Read full newsRead More
THOR Mining (ASX:THR) has announced pleasing results at its wholly-owned Pilbara Goldfield tenement, with gold, nickel and chromium assays from preliminary geochemistry reconnaissance. After strong results from the initial gold panning, laboratory results have subsequently given support to gold potential as well as nickel and chrome at the location. Three samples assayed over 0.3g/t gold, ...Read...Read More
The figures are for the month prior to unprecedented power outages which impacted the mining industry in December. Stats SA said the largest negative contributor was platinum group metals, down 13.5% and contributing negative 3.6 percentage points.Iron ore and coal were down 7.5% and 0.7 percentage points and 2.8% and 0.7% respectively.Stats SA said "other" non-metallic minerals were a signif...Read More
While recognising that flow-through financing, a tax-based financing incentive mechanism which allows companies to raise money at a premium to their share price, has and will continue to be a majorRead More
A surprisingly fast recovery in iron ore production by Vale, combined with increasing supply from China, and a possible rise in India, could combine to push iron ore prices downward in 2020 fromRead More
(IDEX Online) - HRD Antwerp has hired Ellen Joncheere as its new CEO. The appointment is effective immediately. Interim CEO Michel Janssens will be retiring next summer. Joncheere was formerly general manager at Fremach, a plastic automotive components supplier. She has also worked in the environmental services sector. HRD Antwerp said in a release that the new CEO plans to help the orga...Read More
(IDEX Online) - There are rumors that De Beers could be considering changes to its Sightholder system. According to Bloomberg, De Beers has hinted that it could reduce the number of Sightholders to help strengthen business for the companies that survive the shake up. Bloomberg said that De Beers' clients have been told to expect an update on possible contract changes at this week's...Read More
(IDEX Online) - Chow Tai Fook Jewellery Group Limited has acquired Enzo Jewelry Inc. The retailer, which specializes in colored gemstones, has 60 points of sale in Mainland China.Adrian Cheng, executive director of Chow Tai Fook Jewellery Group, said Enzo will continue its niche position as a natural coloured gem specialist, which will complement the group's multi-brand strategy. Founded...Read More