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
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today it has has completed the second tranche of a non-brokered private placement offering, raising gross proceeds from both tranches of the financing to CA$2 million, and also the awarding of options.CLOSES SECOND TRANCHE OF PRIVATE PLACEMENTThe Company has completed the second and fina...Read More
VANCOUVER, May 14, 2019 (Canada NewsWire via COMTEX) -- TSX: GPR | NYSE American: GPL GREAT PANTHER MINING LIMITED (GPR)GPL (Read full newsRead More
With a new CEO, Veeral Rathod, who cofounded menswear fashion brand J. Hilburn, Spence Diamonds is expanding from its Canadian roots into the U.S. market offering lab-grown diamonds side-by-side with mined diamonds. For 80% of its customers, lab-growns are their choice.Read full newsRead More
Debmarine, a 50/50 joint venture between world's No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world's first custom-made vessel of such a kind and the seventh in the company's fleet.The vessel, slated to start operations in 2022, would add about 500,000 carats per year of production capacity to Debmarine Namibia's out...Read More
Debmarine, a 50/50 joint venture between world's No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world's first custom-made vessel of such a kind and the seventh in the company's fleet.The vessel, slated to start operations in 2022, would add about 500,000 carats per year of production capacity to Debmarine Namibia's out...Read More
Investing.com - Gold prices were little changed on Wednesday in Asia, holding below the key $1,300 level, as global stocks recovered from a slump earlier this week triggered by escalating U.S.-China trade tensions.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were at $1,295.95 per ounce by 12:30 AM ET (04:30 GMT).The precious metal broke above $1...Read More
Chris Vermeulen17 hours ago (May 15, 2019 7:58 AM GMT)Gold weekly chartWe issued both of these markets calls many months in advance of these dates/price levels targeting these moves. In both cases, we issued these market calls well over 60 days prior to the move actually taking place. The accuracy of these calls can be attributed to our proprietary price modeling solutions as well as t...Read More
ASX business development manager, listings, Josh Collard said at the Paydirt 2019 Latin America Downunder conference in Perth Thursday the ASX was one of the most active in the world, was well understood among Australia's and Latin America's mining fraternity and there was an opportunity to deepen that relationship."The ASX has been home to total capital raisings for the resources sector of more t...Read More
PERTH (miningweekly.com) – A 130 ct gem quality diamond has been recovered from the Lulo diamond project, in Angola, owner Lucapa Diamond Company reported on Thursday.The diamond is the thirteenth stone of more than 100 ct to be recovered to date, and the second so far in 2019, Lucapa told shareholders.AdvertisementThe new 130 ct stone adds to the current inventory of high-value large Specia...Read More
A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again.Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing that South Africa is liable to pay him damages for, among other reasons, its "unconstitutional" a...Read More
Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet.The vessel, which will be built at a cost of $468-million, will start production in 2022 and is expected to add about 500 000 ct/y of production capacity to De...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsDepartment of Interior assistant secretary for land and mineral management, Joe Balash announced the renewal following a 41-day public review and comment period stating, "mining on public landsRead More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingNet profit for 2018 was US$16.3 million, u...Read More
Look beyond market approach to project valuations: van ZylLeadershipWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsIt said following China's CITIC Metal last month investing a further US$454 million in the comp...Read More
One of my favorite Seinfeld episodes is when Kramer storms into Jerry's apartment and starts complaining about another golfer who picked up his ball in the middle of the fairway to clean it. Kramer goes on to say that he penalized his friend a stroke for breaking the rule. Elaine then asks, "What is the big deal?" and Kramer replies, "Hey, a rule is a rule, and without rules there's chaos."The sam...Read More
Lumina Gold (TSXV: LUM) is on track to complete a first-ever resource estimate on its Gran Bestia gold-copper deposit and an updated resource on its Cangrejos gold-copper deposit before year-end.The two deposits in Ecuador are a kilometre apart and 40 km from the deepwater commercial port of Bolivar.The junior, in which geologist and serial mine finder Ross Beaty owns a 17.2% stake, has already de...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingMy Twitter feed alerted me earlier this mo...Read More
"There's nothing more interesting than the landscape of the human face."- Irvin Kershner, Director, Star Wars: The Empire Strikes BackI want to talk about your face...It's easily the most recognizable piece of you - for better or worse, depending on said face.Your face has the highest range of muscle fiber in your body; 43 muscles are linked to your facial expressions alone. In fact, the human fac...Read More