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
(IDEX Online) - Martin R. Siegel, chairman of Hamilton Jewelers, passed away on December 17 in Florida. He was born in Trenton, N.J. and served in the US Army Artillery in Germany in 1953-54. Upon his return from the armed services, he joined his father as the second generation of his family to work at the heritage fine jeweler, Hamilton Jewelers. He was elected president of Hamilton in 1968...Read More
(IDEX Online) - Alrosa's supervisory board has approved a three-year strategy to develop its cutting and polishing complex and for integrating the Smolensk diamond factory Kristall into the Alrosa Group. Alrosa acquired Kristall in October.The plan includes measures to improve efficiency, production cycle optimization and the creation of a consolidated sales system for polished diamonds.Alros...Read More
(IDEX Online) - MJSA (Manufacturing Jewelers & Suppliers of America) has re-elected current chairman Steven Cipolla for a one-year term as chair of the organization's board of directors. The jewelry making and design association also announced the addition of five new directors to the board. Cipolla is the president of National Chain Group, a full-service contract manufacturer and su...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDThe 13,590m programme included step-out drilling to the north, where nine out of 10 holes encountered significant widths of mineralisation above the...Read More
Few stories in mining history rival the lore of the Klondike Gold Rush. Photographs of hordes of fortune-seekers climbing the Chilkoot Pass in the late 1890s are some of the most iconic in mining history.Some grand fortunes were made, and many lives were lost.But more than 120 years after thousands of prospectors rushed into the wilderness to make their fortunes, no significant bedrock source for...Read More
Lucara Diamond (TSX: LUC) is the latest miner to inject some optimism into a depressed market that was hit this year by an unforeseen oversupply and increasing demand for lab-made gems by announcing better than expected sales in December.The Vancouver-based company, which operates the prolific Karowe mine in Botswana, fetched US$52.9 million in the final tender held last week. The figure represent...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDESG has gone well beyond being a handy acronym to describe a subset of vital business concerns. It is a movement driven by a religious-like fervour t...Read More
"We have 28 full-time employees and are aiming to grow to 60 by this time next year to keep pace with our growth in mining and metals, space exploration, and other industries," First ModeRead More
JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry.First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American Platinum in Limpopo, will be supporting projects across...Read More
Canadian company Lucara Diamond Corp, which operates the Karowe mine, in Botswana, has had stronger-than-expected finish to the year, with the final tender "reflecting a more stabilised market environment".Lucara generated sales proceeds of $52.9-million in the final tender held on December 12, achieving an average price of $548/ct. The sales proceeds exceeded expectations by 16%.Adverti...Read More
Every time I go to California for an investment trip, something amazing happens...During my first trip, I flew into the John Wayne Airport, got into a taxi, and was immediately ushered to a nondescript warehouse. But it was no ordinary warehouse: it was filled with the most amazing treasures I had ever seen.I inspected a signed Babe Ruth baseball bat...I held a million-dollar stamp...I even interv...Read More
PERTH (miningweekly.com) – Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area.The Minister has also invited India Bore Diamond Holdings to apply for other tenements at the site.AdvertisementThe...Read More
Gold will break free from $1470-$1490 trading range and form a new range. Silver will break free from $1660-$1750 and form a new range. Copper and crude oil need to trade over current price to be in bullish zone. Trump and his impeachment related news and the US political drama needs to be closely watched. Do not ignore economics. 2019 will go down as the year where voters have given a larger th...Read More
Gold will break free from $1470-$1490 trading range and form a new range. Silver will break free from $1660-$1750 and form a new range. Copper and crude oil need to trade over current price to be in bullish zone. Trump and his impeachment related news and the US political drama needs to be closely watched. Do not ignore economics. 2019 will go down as the year where voters have given a larger th...Read More
IBM said its technology has proven to outperform lithium-ion batteries in cost, charging time, and energy efficiency.Read full newsRead More
The impeachment hearing and FedEx earnings were in focus todayStocks spent most of the day floating around breakeven, as investors examined weak earnings from FedEx (FDX) and the latest headlines surrounding today's impeachment hearings. Investors still seem to be buzzing from last week's trade negotiations, though, since the S&P and Nasdaq both hit record highs fairly early on. While the Dow and...Read More
New York's lawsuit accusing ExxonMobil of misleading its investors about the cost to it of potential legislation that would mitigate climate change misconstrued what the company actually did and ultimately did not advance the cause it ostensibly pursued. Not everything is a securities law violationRead full newsRead More
Global miner BHP Group is feeling its way back into commodities trading, making ...Read full newsRead More
Cannabis SolutionsRead full newsRead More
VANCOUVER, British Columbia, Dec.18, 2019(GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. ("Mission Ready" or the "Company") (TSXV: MRS) is pleased to...Read full newsRead More