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) - Rolex is selling its watches on the US second-hand market for the first time, as demand surges.It's rolling out the Certified Pre-owned Program it launched in several European countries last December.Rolex certifies its own second-hand watches as authentic and provides a two-year guarantee, rather than the five-years offered on new purchases. It means buyers no longer hav...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThis was seen as not only a way to diversify the country's energy supply but also a way to get a handle on the global critical minerals supply...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickel Read More
Christian said CPM expects a new silver spike within the next three or four years, which would propel it towards $50/oz, but cautioned that silver price spikes are short-lived.Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe five-year loan will bear interest at SOFR + 8.25%, subject to a 2% SOFR floor, and will be: secured by a second-ranking lien on all IAMGOLD...Read More
(IDEX Online) - Harry Levy, the mathematics lecturer who became a gem trader and went on to chair the London Diamond Bourse (LDB) has died, aged 83."He was a true gentleman, soft-spoken, gentle, polite and with an iron-clad moral compass," said Gaetano Cavalieri, president of CIBJO (World Jewellery Confederation). "He also was completely dedicated to the mission of creating harmonised standar...Read More
(IDEX Online) - De Beers has postponed its Cycle 5 and 6 auctions amid dwindling demand from Indian manufacturers.The consumer slowdown in the US and China has also resulted in the cancellation of rough sales by auction houses in Antwerp and Dubai.De Beers said in a statement: "After careful consideration and analysis of the current market situation, we decided to combine both Cycle 5 and 6 Interi...Read More
Stausholm broached the subject of the Jadar mine in Serbia, where it still owns a mine, but not a license to operate, after the Serbian government cancelled its licenses in 2022.Read More
The hype surrounding artificial intelligence is getting out of control.I figured choppy market conditions would put a lid on some of the crazier AI discourse pundits have tossed around since these stocks first started running earlier this year.But it's only getting worse.Every day, I stumble across a new hot take on the market's latest fad. AI will improve our efficiency, destroy menial office tas...Read More
Canada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesMining Journal Select London 2023 SPONSOREDNewmont has entered into a binding agreement to acquire Newcrest for US$17.8 billion to become the world's largest gold producer with some 8Moz...Read More
The Spain-focussed company outlined in its January-quarter results that it had benefitted from improved electricity prices, which had impacted its bottom line.Read More
(IDEX Online) - Plans to revive the mothballed Ellendale mine - once the world's largest producer of fancy yellow diamonds - have been boosted by "excellent" valuations of bulk samples, says owner Gibb River Diamonds.An independent appraisal of diamonds from the Ellendale 9 Lights stockpile, one of four bulk samples, averaged US$1,443 per carat.The company said updated valuations across a num...Read More
The note, entitled, "Bearish fundamentals - when will the LME price crack?Read More
Share this articleVANCOUVER - TRX Gold Corp. [TNX-TSX; TRX-NYSE American] reported drilling results from the Anfield and Eastern porphyry zones. The results demonstrate the potential for the Anfield and Eastern porphyry zones to add to resources and a new mining area on the Buckreef gold project. The Buckreef Project is located in the Geita District of the Geita Region, south of Lake Victoria, app...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe company is in discussions with license holders and county governments in Kenya and hopes to make quick announcements on copper projects, sa...Read More
Reporting its March quarter results, the company said it had paused all detailed engineering and economic studies while the evaluation takes place.Read More
Canada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesMining Journal Select London 2023 SPONSOREDChina's Ministry of Ecology and Environment (MEE), last week confirmed that a new, more rigorous, set of emissions standards will go nationwide...Read More
Highlights at PDA included 14.15m grading 20.95 gpt gold, with the company stating that the deposit has already surpassed La Yaqui Grande in terms of resource size.Read More
Dear Outsider,I decided to get some cheap food at the local Mexican joint around the corner and lick my wounds from a terrible week of trading for me.Last week I wrote to you about the biggest investing mistake of my career.I didn't follow my own advice and got burned because I had too many eggs in one basket...A classic mistake.All the signs were there...It was too good to be true...An extre...Read More
Canada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesMining Journal Select London 2023 SPONSOREDNewmont successfully completed just over four weeks of due diligence and the two have signed a scheme implementation deed. Newcrest shareholder...Read More