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
Africa-focused Firestone Diamonds (LON:FDI) has dug up a 72-carat yellow, whole makeable diamond at its Liqhobong Mine in Lesotho, the second one over 70-carat it has found this year.The stone, recovered over the weekend together with a 22 carat makeable white stone, followed by an 11 carat fancy light-pink diamond found at the asset."Makeable" diamonds are those whose shape allows to cut one la...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Barrick Gold Corp. boosted Executive Chairman John Thornton's total compensation last year 67 percent to $12.9 million, rewarding the former investment banker for the company's performance and his role in the merger with Randgold Resources Ltd.Thornton received a $9.74 million bonus on top of his $2.5 million salary, according to a regulatory filing Friday. He used most of the after-tax proceeds o...Read More
Australian rare earths miner Lynas Corp (ASX: LYC) is considering initial ore processing in the home country, where its Mount Weld mine is located, as Malaysia has stepped up pressure on the company to fulfill new, tougher requirements to have its processing licence renewed.Malaysian Prime Minister Mahathir Mohamad said on Friday that parties interested in buying Lynas had agreed to extract radioa...Read More
Wildflower & Water Critters Hike10 a.m. to noon April 7, 2019Continues Saturdays and Sundays through May 12, 2019Jepson Prairie, 4845 Cook Lane, DixonJepson Prairie Preserve is one of California's best remaining examples of a vernal pool ecosystem and native grassland prairie. Dry and dormanRead full newsRead More
Stories from this compilation are excerpted from weekly newspapers from around the region.Read full newsRead More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Nicola Mining (TSXV: NIM) has finished a 39-hole reverse circulation drill program at its past-producing 101-sq.-km New Craigmont copper-magnetite project, testing waste material at the project's 3060-Portal.Highlights from the program include 0.91% copper and 6.44% iron, or 1.08% copper equivalent, over 4 metres from surface, and 0.28% copper and 7.1% iron, or 0.47% copper equivalent, over 8 metr...Read More
Based on "a rapid first-pass appraisal", the Cobre Panama developer had indicated the projects did not fit its target criteria, Japan Gold said.Read More
The incentive took his total compensation to $12.86 million.The board said Thornton had delivered against all the objectives set for him in 2018 and this, together with "personally developing and executing the nil-premium merger with Randgold which strengthened Barrick's position across all core metrics relative to its senior gold peers", was reflected in his incentive compensation for the year.Ba...Read More
Drilling for uranium in the Nigerian desert. Source: GoviEx Uranium Inc.GoviEx Uranium Inc. [GXU-TSX; GVXXF-OTCQB] said Monday April 8 that it has reached a framework deal with the government of Niger, Africa to jointly develop the company's flagship Madaouela uranium project."This is the culmination of more than 12 years of relentless work and millions of man hours by GoviEx management and our Ni...Read More
Trevali’s wholly-owned Caribou Mine and Mill Complex consists of a developed underground mine with significant resources of zinc-lead-silver-copper-gold, a fully permitted 3,000-tonne-per-day processing mill, flotation recovery plant, metallurgical and geochemical laboratories, and a tailings treatment facility, all located approximately 50-km west of Bathurst, New Brunswick, Canada.Trevali...Read More
I recently spoke with Maximilian Sali, who along with Brad Telfer founded Barrian Mining Corp. Interesting to note is that Max comes from a long lineage of successful investors, his father was a founder and a director of Qtrade Securities, a large Canadian discount brokerage that had a major stake purchased by Desjardins and his uncle was a top producing broker in Vancouver who ran Dundee Securi...Read More
Mark Cutifani, chief executive of Anglo American, has mounted a strong defense of the diamond industry, saying the benefits of digging gems out of the ground should not be underestimated. Speaking during Anglo American's sustainability briefing earlier this month Cutifani was asked if there was any social benefit to diamond mining. Mark Cutifani consequently pointed to Botswana, where its De...Read More
Firestone Diamonds recovered a 72-carat yellow, makeable diamond from its Liqhobong Mine in Lesotho, earlier this month. The stone was recovered together with a 22-carat makeable colorless stone, and a 11-carat fancy light-pink stone. These diamonds will go on sale at Firestone's next tender in May 2019. This is the second 70+ carat stone recovered from the operation during his calendar year. In...Read More
National Bank of Fujairah (NBF) PJSC inaugurated its first international representative office in Antwerp's Diamond District. The opening ceremony was attended by HE Mohamed Issa Hamad Abushahab, Ambassador of the United Arab Emirates to the Kingdom of Belgium, representatives from NBF Board and senior management, representatives of Antwerp's diamond industry and trade and of Antwerp's Municipalit...Read More
Alrosa's CEO Sergey Ivanov and Chairman of the Administrative Council of Endiama Jose Ganga Junior signed a Memorandum of Understanding, in the presence of President of the Russian Federation Vladimir Putin and President of the Republic of Angola Joao Louren?? ?o. ALROSA and Endiama aim to strengthen the economic, scientific and technological cooperation between the two companies. They seek...Read More
The 40th edition of OROAREZZO opened at at Arezzo's Fiere e Congressi on April 4th. Prof. Michele Geraci, Italy's Foreign Trade Undersecretary, gave the key note address during the opening ceremony. The show aims to showcase "the very best of Made in Italy jewellery???,? ?on the international market." In his address, Enrico Rossi, President of the Tuscany Region said: "Oroarezz...Read More
Eastern promise for PolarXSPONSOREDpolarx"[Brownfield] expansions will keep pace with demand until early next decade ... but as demand increases to 22.5Mt by 2025 the gap will be 2.Read More
Eastern promise for PolarXSPONSOREDpolarx"We want to assure Chile is a leader in the discovery of new deposits and position it as an attractive destination for investment by juniors, facilitate their financing in the local market and openRead More