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

The result compared with a $4.3 million loss for the first half of 2018 and came despite a challenging period for the diamond sector.Diamond sales for the half were $29.4 million, including $22.1 million from the Lulo mine in Angola.At the new Mothae mine in Lesotho, diamond carat production was 36% ahead of plan, while operating costs were 14% below forecasts.Lucapa said it was poised for a stron...Read More

No details of the collaboration were provided outside of Byrnecut being appointed to provide underground mine development and production services. Prieska will feature 2.Read More

The energy ministry said on Monday it would fully conform with rulings by the country's top administrative court, concerning permits for an enrichment plant at Skouries, Reuters reported.Eldorado started construction at Skouries in 2013 then mothballed the gold-copper project in 2017, citing long-running permitting delays.Skouries is expected to produce an average annual 140,000 ounces of gold and...Read More

Marie-Chantal Kaninda, WDC Executive Director World Diamond Council (WDC) is leaving her post after more than two years of service. Kaninda said that her decision to move on certainly does not come "from a place of disillusionment or disappointment, on the contrary, but simply because new opportunity has presented itself, and at this stage of my career I feel that I must seize it." "I will be fore...Read More

The International Jewellery London (IJL) show kicked off on Sunday, September 1, drawing good foot traffic on a sunny, inviting day. The second day of IJL 2019 welcomed the inaugural Jeweller of the Fair, John More, who presented some of his large, silver pieces. For More, who also is a professional dancer, jewelry pieces are all about movement of, the pieces and of the wearers. A specially curate...Read More

Stellar result for PolarXSPONSOREDpolarxThe concentrator is to be expanded from a 4.3 million tonnes per year capacity to 7.Read More

Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingThe ATO had wanted to charge Glencore an additional $14.7 million in tax in 2007, another $13.7 m...Read More

Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingEcuador and Colombia are neighbours in northwest South America and share similar geology. The And...Read More

Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingThe energy ministry said on Monday it would fully conform with rulings by the country's top admin...Read More

After a challenging second quarter at its El Castillo complex in Mexico, Argonaut Gold (TSX: AR) will hedge a portion of the operation's remaining life-of-mine production.The company told shareholders late last month that it had entered into a series of "zer0-cost collar option contracts" covering 145,500 oz. gold through mid-2022 from its El Castillo mine, which along with its San Agustin mine,...Read More

Rory JohnstonCommodity EconomistThis week marks the 150th episode of The Northern Miner Podcast, with new music, a hat tip to previous hosts, and a feature interview by acting editor-in-chief Trish Saywell with Scotiabank commodity economist Rory Johnston on metal prices and the world economy. Also, the latest news on social media and the website with this week's host, online editor Adrian Pocobel...Read More

Ecuador and Colombia are neighbours in northwest South America and share similar geology. The Andes mountain range bisects both countries and both have an historical lack of exploration.Read More

PERTH (miningweekly.com) – Diamond miner Lucapa has reported record monthly production from both the Lulo and Mothae diamond mines, in Angola and Lesotho respectively.The Lulo mine produced 3 180 ct in August, while the Mothae operation recovered a record 2 911 ct in the same year.AdvertisementLucapa on Tuesday also reported a consolidated net profit after tax of $1.1-million for the six mon...Read More

Deswik, founded in 2007, derives more than one-quarter of its turnover from South America, where it opened offices in Chile and Peru in 2015 and 2018, respectively. MCB has been its Brazil reseller partner since 2012.Deswik has about 300 employees in 13 offices worldwide."Brazil is a large and mature market and we think we've only just scratched the surface in terms of demand," managing director M...Read More

The team has overseen soil sampling and trenching in Cameroon since Livesey took over as CEO in March 2018 when the group was still called Stratex International, once actively exploring Turkey and East Africa.Livesey has taken the company back to its roots, concentrating on early stage work in mining-friendly jurisdictions that have prospective geology, and operating alongside well-connected joint...Read More

As a recession seems to be on everyone's lips, allocation to bonds and cash keeps growing and while Institutional investors are moving further away from equities, retail investors are splurging on stocks, supported by stock buybcacks.Read full newsRead More

Indonesia will enforce a complete ban on the export of raw nickel ore from Jan. 1, two years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacity, an official said.Read full newsRead More

Trade has played foul on Wall Street throughout August, sending the broad indices into a tailspin, thus compelling investors to flock to gold as a great store of value and hedge against market turmoil.Read full newsRead More

Trade has played foul on Wall Street throughout August, sending the broad indices into a tailspin, thus compelling investors to flock to gold as a great store of value and hedge against market turmoil.Read full newsRead More

Investors yanked loads of cash out of the steel-loaded commodity fund in AugustAmong sector exchange-traded funds (ETFs), the steel-loaded SPDR S&P Metals & Mining ETF (NYSEARCA:XME) appears perhaps likelier than most to have a wild month of September. Our quantified data shows that XME sports a respectable 60% positive returns for the month over the last 10 years -- but the fund's average Septemb...Read More