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
Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada.In a press release, Fiore said that the work is aimed at supporting a Preliminary Economic Assessment targeted for the end of the year, which should lead to a construction decision by mid-2021.The company is planning approximately 10,000 met...Read More
AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More
AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More
Only the chirping of birds and insects break the silence at a gold mining site in the Eastern Region of Ghana, right at the foot of the Atewa forest reserve.Caterpillar excavators stand still, as the two Ghanaian companies operating them wait for a new mining permit a process that has been in the works for months.But a fresh pile of sludge spilt over a patch of vegetation suggests the mine is be...Read More
This episode features an in-depth interview with the man of the hour in the gold-mining industry: Mark Bristow, president and CEO of Barrick Gold since Jan. 1, 2019, when its merger with Bristow-led gold miner Randgold Resources took effect.This exclusive interview was recorded live as a "fireside chat" with senior staff writer Trish Saywell at The Northern Miner's Canadian Mining Symposium held a...Read More
China's president Xi Jinping had visited a rare earth processing plant last week, which was seen as leverage for trade talks given the country's dominance in supply.Chinese media reports yesterday then warned the US not to "underestimate China's ability to strike back", Reuters reported."The outcome of this has to be an increased focus outside China on rare earths production because while China ha...Read More
Venus Jewel, one of India's and the world's leading and innovative diamond manufacturers, have obtained RJC certification which includes the first audited providence claim on rough diamond origin and traceability for each diamond Venus Jewel they sells in polished form. This provenance claim is reportedly the first of its kind and as such Venus Jewel is the first diamond manufactur...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsCodelco offered the three unions representing around 3,200 workers at the mine a 27-month contract, including a 1.2% real wage increase and a one-time payment of about US$14,000.The offer was rejected over the weekend by around 80% of workers, with unions unhappy Codelco had not included their health care and retirement benefit...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe hole, drilled at the Limon prospect, hit more than 200m of visible and persistent disseminated chalcopyrite and molybdenite with some bornite in a strongly altered porphyry system.Read More
It's well known that when we're in the workforce, we need vacations. Vacations can lower your blood pressure, increase your creativity, recharge, and prevent burnout from the day-to-day responsibilities at work. Yet America is the No-Vacation Nation… Research found that 47% of Americans didn't take all of their vacation time in 2017, and 21% left more than five vacation days on the table. Y...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingLate last month, ePower announced it had struck a deal with fellow TSXV-listed miner Minera...Read More
Yesterday we furrowed our brow against the latest inversion of the "yield curve."The 10-year Treasury yield has slipped beneath the 3-month Treasury yield - to its deepest point since the financial crisis, in fact.Inverted yield curves precede recessions nearly as reliably as days precede nights, horses precede carts... lies precede elections.The 10-year Treasury yield has dropped beneath the 3-mo...Read More
The success of public-private joint venture Debmarine Namibia illustrates the possibilities of marine extraction activities attaining environmental sustainability, local empowerment of communities and economic progression.The marine diamond recovery partnership between the government of Namibia and De Beers Group contributes about 70% to the country’s total diamond production, while being hi...Read More
Searchlight Resources Inc. (TSXV:SCLT) is pleased to announce a private placement financing of up to 10,000,000 Units consisting of one common share and one full share purchase warrant at a price of $0.05 per unit (theRead full newsRead More
China's next tariff weapon could be rare earth mineralsThe Dow lost over 200 points today, amid concerns about an escalating U.S.-China standoff. China is reportedly considering using rare earth minerals as its next weapon in the trade dispute, and worries over bond yields also weighed on stocks, especially in the financial sector. Retail stocks were dinged too, with Abercrombie & Fitch (ANF) amon...Read More
Six years after being carved out of a handful of unwanted gold operations, Sibanye Gold Ltd. has become the world's biggest platinum miner.Building on operations spun out of Gold Fields Ltd., Sibanye became the No. 1 miner in South Africa's waning gold industry. Now, with the acquisition of Lonmin Plc, Chief Executive Officer Neal Froneman has completed Sibanye's transformation to a giant of the n...Read More
Six years after being carved out of a handful of unwanted gold operations, Sibanye Gold Ltd. has become the world's biggest platinum miner.Building on operations spun out of Gold Fields Ltd., Sibanye became the No. 1 miner in South Africa's waning gold industry. Now, with the acquisition of Lonmin Plc, Chief Executive Officer Neal Froneman has completed Sibanye's transformation to a giant of the n...Read More
With all the turmoil surrounding the ongoing China-US trade war, companies mining for rare earth elements have come out as "unexpected" winners thanks to market-wide speculation that China may choke off supply of certain critical minerals to the US. Currently the US relies on China for about 80% of its rare earth metals, many of which are essential in applications such as wind turbines, EVs, smar...Read More
Cara Therapeutics stock is higher on its phase 3 resultsU.S. and China trade relations continue to weigh heavy on stocks today, guiding all three major indexes lower. A handful of names also making moves this afternoon are power conversion specialist Eltek Ltd. (NASDAQ:ELTK), biotech Cara Therapeutics Inc (NASDAQ:CARA), and California-based CalAmp Corp. (NASDAQ:CAMP). Below, we will dive into what...Read More
Toronto-based North American Palladium (TSE: PDL) says underground exploration at its Lac des Iles mine 90 kms north of Thunder Bay has discovered a new zone - C zone. Drill results suggest that it is a large area of palladium mineralization in the footwall of the Offset zone.Assays from C zone include 4.18 g/t palladium over 19.4 metres, 3.06 g/t over 25.0 metres, and 2.93 g/t over 74.9 metres, i...Read More