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
American Battery Metals (CSE: ABC) announced this week that it has entered into a non-binding letter of intent to acquire a 90% interest in Ontario-based E.U. Energy Corp. and its 100%-owned Viken project in Sweden.In a media statement, the North Vancouver-based company said the letter of intent stipulates that American Battery Metals has to issue 20 million shares in exchange for 90% of the issue...Read More
Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, has signed up Wall Street giant JPMorgan to provide financing in the form of bonds and credit up to about $3.8 billion.The bank is underwriting a $400 million share placement, launched on Tuesday, at a price between 15p to 18p per share. It is also using its balance sheet to provide a $2.5 bi...Read More
Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, has signed up Wall Street giant JPMorgan to provide financing in the form of bonds and credit up to about $3.8 billion.The bank is underwriting a $400 million share placement, launched on Tuesday, at a price between 15p to 18p per share. It is also using its balance sheet to provide a $2.5 bi...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), today announced its audited financial results for the twelve months ended December 31, 2018 ("FY2018"). On January 9, 2018 the Company changed its fiscal year-end from February 28 to December 31. As required in such cases, FY2018 is being compared to the ten months ended December 31, 2017 (the "Comparati...Read More
Investing.com - Gold prices slipped on Monday in Asia as markets await the outcome of the next FOMC meeting.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1% at $1,287.05 per ounce by 1:16 AM ET (05:16 GMT).The Fed will conclude its two-day meeting on Wednesday amid expectations that interest rates will remain on hold. The meeting is c...Read More
James Hyerczyk20 hours ago (Apr 29, 2019 4:37 AM GMT)Gold futures rebounded from early session weakness to post a potentially bullish closing price reversal bottom last week. Despite the strong U.S. Dollar, which hit a 2-year high last week, gold prices rallied because of a drop in U.S. Treasury yields. They were part of global weakness in the government debt markets that started after the release...Read More
The O'Brien mine, halfway between the towns of Rouyn-Noranda and Val-d'Or along the Larder-Lake-Cadillac fault, was considered the highest grade gold producer in Quebec between 1926 and 1957, when the underground operation churned out 1.20 million tonnes grading 15.25 grams gold per tonne for 587,121 oz. gold.Today, the historic mine is part of Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF)...Read More
Market futures were pointing to a positive start in Toronto and London but lower on Wall Street and the S&P/ASX 200 index was lower at the time of writing.Both official and private business surveys pointed to slower Chinese factory growth this month, Reuters reported, maintaining hopes for further economic stimulus.The S&P500 had reached a fresh, record intraday high yesterday of 2,949.52...Read More
The Neal Project in Idaho, USA. Source: Pure Nickel Inc.Pure Nickel Inc. [NIC-TSXV; PNCKF-OTC] said Tuesday April 30 that it has signed a deal with a numbered company controlled by Eric Sprott that outlines the arm's length terms for the acquisition by Pure Nickel of a 51% interest in the Neal Development Ltd. Partnership from Sprott Mining, and the option to acquire an additional 27% of the Neal...Read More
Examining diamond drill core from the Soledad Project in Peru. Source: Chakana Copper Corp.Chakana Copper Corp. [PERU-TSXV] has announced an $8 million strategic investment from Gold Fields Ltd. [GFI-NYSE, JSE] that will see the world's seventh largest gold producer taking a 16.14% interest in Chakana.Under an agreement, Gold Fields Nazca Holdings Inc., a wholly-owned indirect subsidiary of Gold F...Read More
(IDEX Online News) - Looking back at the previous months, there still was some movement - going up up here and dropping down there - in prices of diamonds under two carats. But in April, it seems the market simply had taken a step back and the sporadic price changes that occurred in rounds under two carats were mixed at best. Market commentators, however, like to point out that Apr...Read More
Alrosa, the world's largest diamond miner in volume, said it had generated $9.65 million from the sale of special sized diamonds (+10.8 carats) at its diamond auction in Vladivostok which took place on April 8-19. Alrosa hosted 29 companies from Belgium, India, Israel, the UAE, the USA, Hong Kong and Russia at the auction. A total of 150 diamonds with a total weight of 2481.9 carats were off...Read More
The Women's Jewelry Association's Gender Equality Project released the results of its first survey, which asked members of the gem, jewelry and watch industries to comment on workplace practices where gender could be a factor. WJA engaged MVI Marketing, a trade and consumer research company that works exclusively for the gem, jewelry and watch industries, to assist in designing a questi...Read More
Ans Anthonis, HRD Antwerp Chief Officer Diamond Lab & Research, will be presenting the impact of laboratory grown diamonds (LGDs) on the current market during a panel discussion to be held during the GemGeneve trade fair, on Thursday 9 May 2019, at 18:00. GemGeneve is held May 9 to 12, 2019. The lab will also host a daily workshop to teach show visitors more about HRD's latest range of eq...Read More
Evgeny Agureev, director of the United Selling Organization of Alrosa, the world's leading rough diamond producer, told the Indian Express that it had "initiated a rupee-rouble payment mechanism with its Indian clients" and already had run a payment pilot with a handful of its Indian clients. The newspaper also wrote that "Alrosa is increasing its marketing spend in India as it attempts to ca...Read More
The Antwerp World Diamond Centre (AWDC), the umbrella organization of the Antwerp diamond industry, published its second sustainability report. The report, the AWDC says, is an "integrated report that does not shy away from thorny issues such as 'reputation,' 'integrity in the diamond value chain' and 'compliance in the diamond industry.' Furthermore, with this report...Read More
Eastern promise for PolarXSPONSOREDpolarxOutput at the BHP-operated Chile copper mine included 975,893t of copper in concentrates and 266,794t of copper cathodes. The mine experienced 44 days of strike action in 2017."We are happy with the positive results from 2018. The challenges, however, are growing because as the deposit ages we face deeper pits, lower grades and harder rock, as well as more...Read More
Eastern promise for PolarXSPONSOREDpolarxCopper production for the March quarter dropped 7% year-on-year to 320,700 tonnes, hit by the issues at Mopani, as well as severe flooding in Queensland, depletion at the Alumbrera openpit operation, and the sale of Punitaqui.However, cobalt output rose 56% on the year to 3,900t, despite Katanga having to manage excess levels of uranium content in its cobal...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe company reported a 6% drop in copper output compared with a year earli...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpIt said yesterday it expected operations would reach "normal le...Read More