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
MOSCOW – Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe.The CAR, which is mired in civil conflict, should be granted a “road map” outlining the steps it needs to take to get the...Read More
Galena provides a leading lightSPONSOREDgalena miningThe timing of the start of production is advantageous for Nevada Copper, with the copper sector straining under a lack of quality new projects in the development pipeline, at the potential start of a new copper price cycle.The company expects to ship first concentrates soon under its offtake agreements with Aurubis and Concord Resources. Pumpkin...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipExore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesThe 2019 report details 63 projects compared with 54 in the 2018 edition, of which 53.3% are exploring for copper. Arequipa is the leading province with e...Read More
This summer I was in Bretton Woods, New Hampshire, along with a host of monetary elites, to commemorate the 75th anniversary of the Bretton Woods conference that established the post-WWII international monetary system. But I wasn't just there to commemorate the past -I was there to seek insight into the future of the monetary system.One day I was part of a select group in a closed-door "off the...Read More
Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, "If something cannot go on forever, it will stop."The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to dominate economic debate.Stein's remark is like a bucket of ice water in the face of those denying the reality of nonsustainability. St...Read More
In October, the wheels started turning on one of the world's largest conveyor systems. Once in full operation, 14 kilometres of belts will bring 140,000 tonnes of ore a day to surface from huge tunnels carved out beneath Codelco's giant Chuquicamata pit in northern Chile.The operation represents the future of Chile's mining industry, Chilean President Sebastian Pi??era said at its inauguration in...Read More
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an almost $4-billion market value and annual output of more than 1.2 million ounces.The announcement follows weekend talks in Perth, Australia, between Endeavour's chief executive, S?(C)bastien de Montessus, and Centamin's cha...Read More
Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3 million (US$578 million).The offer, which implies a no-premium consideration of $2.70 per share, will add Leagold's four mines in Mexico and Brazil to Equinox's portfolio, consisting of two mines in Californ...Read More
U.S. President Donald Trump signed off on a phase-one trade deal with China on Dec. 13 to avert a planned round of tariffs on US$160 billion of consumer goods. The news sent copper rallying to a several-month high of over US$6,170 per tonne (US$2.80 per lb.), and generated renewed optimism for the red metal's fundamentals heading into 2020.Consensus forecasts for copper are guardedly bullish headi...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 answer, unfortunately for diamond mining companies, is that an increasing number of consumers are choosing synthetic diamonds over the mined vari...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has generated a further A$9.3-million in revenues following its latest diamond tender.The Africa-focused miner on Monday said that 3 274 ct of diamonds from its Lulo mine, in Angola, was sold for gross proceeds of A$5-million, representing an average price per carat of A$1 517.AdvertisementA further 6 617 ct of diamonds from the Mothae mine, in...Read More
For the first time since World War II's Manhattan Project, the U.S. military is investing directly into commercial-scale rare earths production.I've written for years about the U.S. dependence on China - who refines most of the world's rare earths - and the vulnerable position the U.S. is in as a result.Back in October, I told you that the Department of the Interior announced it would look for new...Read More
Share this articleThe chairman of Equinox Gold Corp. says the purchase of Leagold Mining Corp. in a friendly all-stock deal makes sense in an industry where "size matters" more than ever before.On a conference call after announcing the deal valued at about $770 million on Monday, Ross Beaty said the merging of two "young, dynamic companies," both based in Vancouver, is a natural."We have real sy...Read More
Share this articleVANCOUVER - Equinox Gold Corp. will acquire Leagold Mining Corp. in a friendly deal that will raise its annual production to about one million ounces of gold starting in 2021.It's offering 0.331 of an Equinox share per Leagold share.Based on Friday's closing stock prices, Equinox's offer is worth $2.70 per share - equal to Leagold's stock price, which gave it a market value of...Read More
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Scientists from Duke University have developed a model that can predict the amount of mercury being released into a local ecosystem from deforestation. The research could point toward ways to mitigate the worst effects of mercury poisoning in regions already experiencing elevated mercury levels caused by small-scale gold mining practices, such as those in the Peruvian Amazon.Read full newsRead More
CSA Global managing partner Jeff Elliott has worked in the industry over three decades.Read More
(IDEX Online) - The International Gemological Institute (IGI) has teamed up with S P Mandali's Principal L N Welingkar Institute of Management Development and Research (WeSchool) business school to launch a Jewelry Design and Business Management Program in Mumbai. Speaking at the launch of the three-month certification course, IGI managing director Tehmasp Printer said the course is an o...Read More
(IDEX Online) - Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year. November's results build on October's increase of 0.2 percent month-over-month and a strong 4.1 percent year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants.As of November, the three-month moving average wa...Read More