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
GemFind has announced the launch of an e-commerce version of DiamondLink. DiamondLink allows retailers to curate a list of diamonds suppliers on their website. The new iteration enables jewelers to sell diamonds from their vendors directly on their website.GemFind says that with this new version of DiamondLink, retailers can select the diamond qualities they want to offer. It also offers reports t...Read More
(IDEX Online) - CIBJO has released an overview of its Responsible Sourcing Blue Book. The Book defines a universally agreed-to set of recommended responsible sourcing principles that can be applied by all members of the jewelry industry. The report was prepared by the CIBJO Responsible Sourcing Commission, headed by Philip Olden.The report outlines a program initiated by the CIBJO' Respo...Read More
The Portfolio Committee on Public Enterprises says State-owned diamond miner Alexkor is in trouble.The committee was on Wednesday briefed by the Department of Public Enterprises (DPE) and Alexkor on progress made in addressing the miner’s governance challenges and financial performance.AdvertisementIn its questions, the committee expressed concern about the state in which the company finds i...Read More
Embattled diamond miner Stornoway Diamond Corp has been informed that it will be delisted from the TSX at the close of market on October 18.The company, which operates the Renard mine, in Quebec, was granted credit protection earlier this month to restructure its business and financial affairs.AdvertisementStornoway said on Wednesday that it would not appeal the delisting decision and that it no l...Read More
Stellar result for PolarXSPONSOREDpolarx"Mining has overcome a series of challenges to transform itself throughout its history. The challenges were technical, financial and sustainability. Today, the challenge consists of how to achieve that this important economic activity develops in harmony with the social environment," he said.To this end, the government proposed the creation of a territorial...Read More
Look beyond market approach to project valuations: van ZylLeadershipWhite Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsPresident and CEO Tim Moody, who spent 24 years with Rio Tinto including five as exploration director, said: "The sca...Read More
Dear Rich Lifer,You've worked incredibly hard in order to save up to retire. The road to retirement can be a difficult one that requires both social and financial sacrifices in order to save enough for a comfortable retirement. This is why it's crucial to avoid as many financial mistakes that could compromise the security of your retirement plan as you can.Not to fear! I'll highlight some of...Read More
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine operate during corporate restructuring, after the company's failure to generate positive free cash flow in 2019.Stornoway entered into a letter of intent (LOI), which lays out how Osisko Gold Royalties (TSX: OR; NYSE: OR), Diaquem (a subsidiary of government-owned Investissement Qu?(C)bec) and other...Read More
Mining companies spend an average of $8.5 billion a year in Quebec, and the industry generates $962 million annually for the provincial government, excluding corporate income taxes, according to the latest report from the Quebec Mining Association. The province has 25 producing mines and 24 exploration projects. Here's a look at eight companies operating in the mining-friendly province.Eastmain Re...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesThe founders of Nickel Mines - former directors of Bolnisi Gold, taken over by Coeur d'Alene Mines in 2007 - li...Read More
In a statement last week, the court said it would carry out control on a "case by case" basis, regarding the origin of popular consultations on mining, analysing whether these violated rights or implied reforms to the constitution, and if they met the requirements of loyalty, clarity and transparency required by law to guarantee the rights of voters.It said the applications by the prefect of the A...Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released an updated resource estimate for its Val-d'Or East project in Quebec, 25 km east of Val-d'Or and 1.5 km west of the company's New Beliveau deposit.Resources in all categories total 3.2 million oz., up from 1.4 million oz. in the 2018 estimate.David PalmerCEO, Probe Metals"It is a very pivotal resource," says David Palmer, Probe Metals' president...Read More
The latest resource estimate for Monarch Gold's (TSX: MQR; US-OTC: MRQRF) newly acquired Fayolle gold project in Quebec confirms the deposit's high-grade, near-surface potential.Fayolle's indicated resource now stands at 706,400 tonnes grading 4.89 grams gold per tonne for 111,010 contained oz. gold."We are very happy with the way that Fayolle is turning out," says Jean-Marc Lacoste, Monarch Gold'...Read More
Someone once said that waking up between 3 and 5 AM can be a sign of spiritual awakening.I'd like to slap that someone in the face. Twice.The fact is, I'm writing this at 4:30 AM and it's not because I came to some life-changing, cosmic understanding. I'm simply jet lagged.I just returned from a fact-finding mission in Orange County, California. I spent three days traveling the Pacific Coast Highw...Read More
US regulators are aggressively expanding their already investigations of fraudulent precious metals trades at J.P. Morgan Chase to other U.S. markets and financial firms.Read full newsRead More
Crystal Lake Mining Corporation is pleased to announce the intersection of shallow high-grade gold mineralization at Newmont Lake Gold Corridor.Read full newsRead More
Renforth Resources Inc. is pleased to announce the first closing in the current fundraising consisting of a total of $381,000.oo raised.Read full newsRead More
The central bank is divided about further rate cuts this yearThe Dow finished higher today -- erasing a more than 200-point intraday loss -- as last-minute buyers swooped in during the final 30 minutes of trading. Wall Street reacted to the Federal Open Market Committee's (FOMC) decision to cut interest rates by one-quarter point, though the Fed's corresponding statement implied the central bank i...Read More
Licensing Agreement Expands the Company's Portfolio of Industry Leading Brands with the Preeminent The Original Jack Herer (R)Read full newsRead More
BHGE stock is lower today after some bearish analyst attentionCall volume is running hot on Baker Hughes A GE Co (NYSE:BHGE), even as the energy stock trades 0.6% lower at $23.23 on a price-target cut to $30 from $32 at Evercore ISI. With just over two hours left in today's trading, more than 5,500 BHGE calls have changed hands -- four times what's typically seen -- compared to fewer than 600 puts...Read More