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
Investing.com - Prices of safe-haven gold slipped on Monday in Asia and traded below the key $1,300 level as the release of stronger-than-expected China trade and credit data on Friday continued to bolster risk appetite.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2%, at $1,292.15 per ounce by 12:55 AM ET (04:55 GMT).The precious met...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe company had reported the action in February and yesterday said Apri...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixJiulian reported a 541m intercept from 6m grading 0.41g/t gold-equivale...Read More
Eastern promise for PolarXSPONSOREDpolarxBHP has agreed to subscribe for 3.44 million Midland units at C$1.70 for total investment of $5.85 million. Each unit comprises a common share and purchase warrant entitling the holder to buy another share at $2.05 for 18 months.The investment gives BHP a 5% stake in the company.Eastern promise for PolarXSPONSOREDpolarx"This investment will provide Midland...Read More
In its fourth joint-venture deal in Nevada over the last six months, OceanaGold (TSX: OGC; ASX: OGC) will invest US$4 million for the next four years to earn a 51% stake in American Pacific Mining's (CSE: USGD; US-OTC: USGDF) Tuscarora gold project.OceanaGold's other three joint ventures are with Bravada Gold (TSXV: BVA) on its Highland project in Nevada's Walker Lake district, and with Renaissanc...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixAfter a deep and damaging mine capital and operating investment trough...Read More
Tropical Cyclone Veronica disrupted Pilbara mining and shipping for several days last month and caused some damage to the Cape Lambert A port facility.Read More
Sokoman's Moosehead Project in Newfoundland. Source: Sokoman Minerals Corp.Sokoman Minerals Corp. [SIC-TSXV; SICNF-OTC] shares were active Tuesday April 16 on news that the junior has applied for permits to drill on a Newfoundland property that it has optioned from Metals Creek Resources Corp. [MEK-TSXV; MCREF-OTC].Metals Creek said it has been advised that Sokoman is planning to drill this year o...Read More
The Blackwater Project 150 km south of Vanderhoof, British Columbia. Source: New Gold Inc.New Gold Inc. [NGD-TSX, NYSE American] got a boost Tuesday April 16 amid news that its $1.8 billion Blackwater gold project in British Columbia has been given a green light by the Federal Government of Canada.In a decision statement issued under the Canadian Environment Assessment Act, the Ministry of Environ...Read More
Production figures the 8 districts: Upper San Juan, Condoto Flats, Condoto Big Flat, Bebedo, Liorento, Cajon, El Tamana & Bajo Tamana a resourced from R.J.Fletcher & Associates (2011) Review of Gold and Platinum Exploration & production in Choco Province, Colombia. Part 3. Private Report for Condoto Platinum Ltd."The assay results from Samples 001 and 002 are impressive and confirm the...Read More
Petra Diamonds published a report for the first quarter of the year. The company produced 924,228 carats, compared to 992,315 carats in the first quarter of 2018, reflecting the increased production at the Cullinan, Koffiefontein and Williamson mines, but offset by a lower production at the Finsch mine. With the expansion of operations at the Cullinan mine, across the so-called C-Cut footprint, t...Read More
This year, National Jeweler honored two single-store independent jewelers along with one multi-store independent. The 2019 inductees are Cathy Calhoun of Calhoun Jewelers, Julia and David Gardner of David Gardner's Jewelers & Gemologists, and Judy and Steve Padis of Padis Jewelry. "We are thrilled to welcome five jewelers into the National Jeweler Retailer Hall of Fame this year. We thi...Read More
ImaGem Inc. launched Varna-D, a portable device for color grading polished diamonds. Weighing only half a pound and about the size of a weighing scale, Varna-D was designed and built with the members of the diamond trade in mind, as they require accessible and easy to handle tools for accurate and repeatable grading of loose diamonds. The company said its color grading technology was developed and...Read More
For the third time in a row, the Antwerp World Diamond Centre (AWDC) and the University of Antwerp (UA) will organize the Antwerp Summer University. Spanning two weeks at the end of August - early September, the academic program, is intended for an international group of masters and PhD students, graduates, researchers and (young) professionals from in- and outside the diamond industry. The...Read More
Sarine Technologies Ltd announced that New Art Cima Ltd. is the first retail chain in Japan to implement the Sarine Diamond Journey solution as a center piece of its new customer experience. The Sarine Diamond Journey solution vividly showcases a diamond's transformation from its rough origin to its polished form. The solution includes a three-dimensional model of the original rough stone th...Read More
Okavango Diamond Company (ODC) will be hosting diamond viewings for its registered customers at the AWDC Tender Facility from the July 1-5, 2019. At the viewing, the goods on-site will be single stones and sales lots comprising stones greater than +9.8 carats. These goods then will be sold as part of ODC's July online auction that is planned for July 25, 2019. Meanwhile, registration for the...Read More
Eastern promise for PolarXSPONSOREDpolarxMeanwhile its second-largest shareholder, Waterton Global Resource Management (12.09%), has said "adult supervision is urgently needed" as it continues its pressure for leadership change at the miner.Read More
Eastern promise for PolarXSPONSOREDpolarxUnderground development began in 2016 and was expected to more than double production when fully ramped up in 2027, with first production originally slated for next year.In its first quarter production results released today, project manager Rio Tinto (LSE: RIO) said the commissioning of Shaft 2 was now expected to be completed in October.Eastern promise fo...Read More
For years, currency analysts have looked for signs of an international monetary "reset" that would diminish the dollar's role as the leading reserve currency and replace it with a substitute agreed upon at some Bretton Woods-style monetary conference.That push has been accelerated by Washington's use of the dollar as a weapon of financial warfare, including the application of sanctions. The U.S. u...Read More
In my 2014 book, The Death of Money, I wrote, "The United States is Japan on a larger scale." That was five years ago.Last week, prominent economist Mohamed A. El-Erian, formerly CEO of PIMCO and now with Allianz, wrote, "With the return of Europe's economic doldrums and signs of a coming growth slowdown in the United States, advanced economies could be at risk of falling into the same kind of lon...Read More