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
One of the world's leading suppliers of mineral drilling down-hole and information management technologies, and drilling fluids, Imdex is seeing better profit margins on more technology-led instrumentRead More
The Association Fran?? ?aise de Gemmologie (the French Association of Gemmology) has announced the line-up of speakers for the 18th Paris Gemmological Rendez Vous, its prestigious annual gems symposium, which will take place on September 9, 2019, at: l'ASIEM, 6 rue Albert de Lapparent, Paris, France. Among the speakers are: Alan Bronstein, President of the Natural Color Diamond Association A...Read More
The diamond company Forevermark is betting on India. The company believes that the India's middle-class consumption is key to its success in what is thought to becom the second largest consumer market for diamond jewelry. Talking to Moneycontrol, Sachin Jain, President, Forevermark India, said, "We are present in 60 markets in India. We are present in Tier I, II, III and IV markets." Re...Read More
Botswana’s Ministry of Mineral Resources, Green Technology and Energy Security has granted a renewal of TSX-listed Tsodilo Resources’ prospecting licence in the country for an additional two years, ending September 30, 2021.The licence area, which is within the Orapa Kimberlite Field (OKF), contains the company’s BK16 kimberlite project.AdvertisementTsodilo plans to soon start a...Read More
The Gemological Institute of America (GIA) will host a Jewelry Career Fair and Open House at the organization's world headquarters in Carlsbad, California on Friday, October 11, 2019.The free event will feature panel discussions, career coaching and recruiting for people new to the industry and professionals looking for a career change; classroom demonstrations for aspiring gemologists, jewel...Read More
The Yellowknife Crown of Light diamond cutting facility. (Photo by Crown of Light)Earlier this month, a new diamond polishing factory started operating in Yellowknife, in Canada's Northwest Territories (NWT). The plant, called Yellowknife Crown of Light, which is owned by Almod Diamond, reportedly received its first shipment of rough diamonds from De Beers at its facility near Yellowknife...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe dual-listed company (AIM: ATYM/TSX:AYM) said the project had reached mechanical completion and were ready to start receiving ore, and wet commissioning. "The additional electricity supply for the expansion is expected to come on stream during Q3 2019," it said. "The company believes the start-up of the expanded plant...Read More
De-risking delivers value in GalenaSPONSOREDgalena miningThe company said it had received an amendment to its mines act permit which would allow for exploration and groundwater drilling at the permitted mine area.Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingThe first three step-out holes, from the 421 discovery hole drilled last year, have intersecte...Read More
The following is a summary of conclusions coming out of the West Africa Mining Security Conference provided by the Australian High Commission in Accra and the Australia-Africa Minerals & Energy Group, which represents Australian companies engaged in the development of Africa's resource industry. More than 78 mining companies based in Australia came together in Accra in June to consider solutions...Read More
Most investors enter the junior gold market seeking the elusive "ten-bagger." Most of them leave disappointed.But in less than a calendar year many patient investors in Great Bear Resources Ltd. (TSXV: GBR) have been rewarded with those kinds of returns - and more.On Aug. 15 2018 Great Bear Resources shares were trading at 50 ?. As of mid-August 2019 shares in the plucky gold junior had topped $5....Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingThe initial reaction to the idea attributed to the US president by the Wall Street Journal new...Read More
The company said last week it was putting Campo Morado, in Guerrero state, back on care and maintenance for reasons including a decline in zinc prices and concerns about the health and welfare of itsRead More
Aim-listed BlueRock Diamonds, which operates the Kareevlei mine, in the Kimberley region of South Africa, sold a 7.63 ct diamond for $52 000 during its August tender.This is the company’s fifth diamond to sell for more than $50 000 this year.Advertisement“The continued and improving regularity of discovery of high-quality stones underpins the potential value of the project and the effe...Read More
All-time lows and numbers never seen before continue to dot the bond landscape.In Sweden, the 20-yr. bond just fell below 0% for the first time ever.In Germany, the 10-yr. bond yield hit a record 0.727% as the ECB announced that it has - get this - a big bazooka of stimulus ready for September.As top official and Governor of Finland's central bank Olli Rehn said, "When you're working with financia...Read More
Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to provide an update on the Montagne d'Or gold project.Montagne d'Or continues to garner strong local support as a catalyst for economic growth of French Guiana.As required by French regulations, the Montagne d'Or joint-ventureRead full newsRead More
The Gulf Times published an interesting news item, reporting on how couples chose their engagement rings. Here is an excerpt. The full article can be read here. "When Megan Shoemaker's boyfriend proposed to her in February 2017, he knew better than to purchase a classic engagement ring dominated by a glittering white diamond. Instead, he selected a grey marquise-cut sometimes calle...Read More
A group of Venezuelans that moved to the US to "start a new life" are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds. Last month, a group of Venezuelans submitted a lawsuit claiming they were fraudulently promised massive returns on investments into the supposed diamond-backed cryptocurrency, Argyle Coin, Law360 reports. The perpetrators, Jose An...Read More
On September 1, 2019, diamonds, gems and jewelry imports from China will be slapped with a 10 percent tariff, affecting some $13 billion worth of goods that are expected to be imported toward the holiday season. US jewelry industry leaders have been trying to avert the verdict but in spite of their efforts, which included a high-brow delegation led by David Bonaparte of Jewelers of America (JA) to...Read More
The De Beers Group published the following announcement on Friday August 16: "De Beers Group is shocked and saddened by the sudden death of Albert Milton, Managing Director, Debswana, the 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group. Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early this (Friday) morni...Read More