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 pound dropped as British politicians failed to make progress on Brexit talks Dow Jones Industrial Average (DJI) futures are struggling this morning,more than 200 points below fair value as trade tensions with China flare up once more. According to state-run news agency Xinhua, Chinese Commerce Ministry spokesmanGao Feng accused the U.S. of "bullying behavior," and expressed reluctance to resum...Read More
South Africa's Competition Appeal Court said Friday that Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) planned takeover of Lonmin (LON:LMI) could go ahead, clearing the way for shareholders to vote on the transaction that would create the world's second-largest platinum producer.The transaction would create the world's second-largest platinum producerThe country's Competition Tribunal had approved t...Read More
South Africa's Competition Appeal Court said Friday that Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) planned takeover of Lonmin (LON:LMI) could go ahead, clearing the way for shareholders to vote on the transaction that would create the world's second-largest platinum producer.The transaction would create the world's second-largest platinum producerThe country's Competition Tribunal had approved t...Read More
Northern Superior Resources (TSXV: SUP) reported the discovery of eight gold-bearing structures and alteration zones at its Ti-pa-haa-kaa-ning (TPK) gold-silver-copper project in northwestern Ontario.In a press release, the miner said the discoveries represent a critical and important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold...Read More
Northern Superior Resources (TSXV: SUP) reported the discovery of eight gold-bearing structures and alteration zones at its Ti-pa-haa-kaa-ning (TPK) gold-silver-copper project in northwestern Ontario.In a press release, the miner said the discoveries represent a critical and important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold...Read More
Northern Superior Resources (TSXV: SUP) reported the discovery of eight gold-bearing structures and alteration zones at its Ti-pa-haa-kaa-ning (TPK) gold-silver-copper project in northwestern Ontario.In a press release, the miner said the discoveries represent a critical and important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold...Read More
Diamond Fields Resources (TSX-V: DFR) announced that it has entered into a cooperation agreement with TMH Acquisition, a special purpose vehicle established by the Denham Mining Fund, to advance the company's Beravina project in Madagascar.In a press release, Diamond Fields said that pursuant to the agreement, TMH will make an immediate payment of $250,000 and will fund the next stage of explorati...Read More
Billionaire mining investor Robert Friedland is close to a deal to take over an iron ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation.Friedland is in advanced talks with BHP, Newmont Goldcorp Corp. and Areva SA, that will see him move to develop the Nimba deposit on Guinea's border with Liberia, said the people, who asked not to be identified a...Read More
Billionaire mining investor Robert Friedland is close to a deal to take over an iron ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation.Friedland is in advanced talks with BHP, Newmont Goldcorp Corp. and Areva SA, that will see him move to develop the Nimba deposit on Guinea's border with Liberia, said the people, who asked not to be identified a...Read More
Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) said it wasn't aware of any material change that would account for a sharp price rise in its stock on Thursday and into early trading on Friday, following reports that the miner was exploring a possible sale of all or parts of its business.The Toronto-based firm, which doesn't usually comment on speculation and rumours, didn't openly...Read More
Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) said it wasn't aware of any material change that would account for a sharp price rise in its stock on Thursday and into early trading on Friday, following reports that the miner was exploring a possible sale of all or parts of its business.The Toronto-based firm, which doesn't usually comment on speculation and rumours, didn't openly...Read More
BlueRock will be using the funds to implement a new mining plan at its Kareevlei mine in South Africa's Kimberley region to increase production and, it hoeps, become cash flow positive.The placing of 937 million ordinary shares at 0.1p per share raised £937,000 before expenses. It included included the issue of one warrant for every one placing share at an exercise price of 0.2p, valid for t...Read More
The 5th Mediterranean Gem and Jewellery Conference kicked off today at the Ajax hotel in Limassol, Cyprus, with two Gem Workshops. The morning session had Opal as its topic and this conference's first workshop was presented by Gail Brett Levine of the National Association of Jewelry Appraisers (NAJA) and Travis Lejman, both from the USA. The afternoon session was presented by conference...Read More
The UK-based publication the Retail Gazette said that Harrods has been named the world's best-performing luxury department store. According to research compiled by industry analysts at GlobalData along with architects Sybarite, the 170-year-old retailer owned by the Qatari royal family is the strongest performer by sales per square foot." Harrods raked in sales of 2.1 billion pounds in t...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsAusQuest managing director Graeme Drew told the Latin America Down Under conference in Perth, Western Australia, this week the bond between the two companies was strong and there was plenty ofRead More
Memorial Day is one of the biggest three-day-sale weekends of the year, and retailers will be slashing prices on almost everything, from mattresses to appliances, outdoor gear and more. But while Memorial Day sales cover almost all product categories, there are some deals that are better than others. To make sure you get the best deals and skip the worst, I've compiled a list of what to buy and wh...Read More
Summer is approaching. That means vacations for many families. AAA estimates that 100 million Americans are planning a getaway, more than half opting for a road trip. But with gasoline prices inching higher, traveling could cost more than you may have expected. And for anyone on a tight budget, that could mean cutbacks on other parts of your trip. As of mid-May, the national average price for a ga...Read More
This episode features the first of a two-part conversation with strategist, lawyer and author Bill Gallagher on the topic of Canada's Indigenous People and their land rights, and how that relates to resource development in the country.Bill GallagherBill is the author of two popular books on the topic: the recently published Resource Reckoning: a Strategist's Guide from A to Z and the 2012 mileston...Read More
The financing has been increased from $9 million and will now comprise the purchase of 12.5 million flow-through shares priced at 40c and 12.1 million charity flow-through shares priced at 49.5c."We are very pleased to be able to raise additional capital which will allow us to expand our ongoing exploration activities," said president and CEO Dr. Michael Byron.The gross proceeds will be used for e...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe sedimentary-hosted copper-silver mineralisat...Read More