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
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,000,000.The Corporation plans to issue up to 6.67 million units (the "Units") at a price of CA$0.30 per Unit. Each Unit consists of one common share and one tra...Read More
Smart Social Media Automation. Automatically share RSS feeds to Facebook, Twitter, LinkedIn, Pinterest and more.Read full newsRead More
Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
James Hyerczyk21 hours ago (Apr 03, 2019 4:16 AM GMT)Gold is trading higher on Wednesday after forming a potentially bullish technical closing price reversal bottom the previous session. Buyers also successfully defended an attempt to break through the low of the year at $1287.50 after the market closed lower for the year on Monday.Helping to boost demand for the dollar-denominated asset is a weak...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesIt intersected a "hypogene porphyry zone" of 168.1m of 0.56g/t gold and 0.29% copper from 5m, includin...Read More
Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight junior and senior companies with significant gold developments in 2019.ALAMOS GOLDAlamos Gold (TSX: AGI; NYSE: AGI) is a Toronto-headquartered intermediate gold producer with four operating mines in North America: the Young-Davidson and Island G...Read More
Rainbow is in production but struggling, and Mkango is funded through the bankable feasibility study stage but will only own 25% of its main project if all goes well.Read More
The Ulu Property ("Ulu") covers an area of 947 hectares, located approximately 523 kilometres ("km") north of Yellowknife NWT within the Kitikmeot Settlement Area of Nunavut.Blue Star Gold Corp. [BAU-TSXV] has assembled two high-grade gold exploration-stage prospects in Nunavut Territory, northern Canada. The claim package is approximately 530 km north-northeast of Yellowknife, capital of the Nort...Read More
The Relief Canyon Mine crusher. Source: Americas Silver Corp.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Thursday April 4 that it has acquired a 4% gold stream on Americas Silver Corp.'s [USA-TSX; USAS-NYSE American] Relief Canyon heap leach project in Nevada.The mine is expected to begin production by the end of 2019, delivering about 5.9 million ounces per year to Sandstorm for 5.5 ye...Read More
Full Article: Four Rules for Investing in Junior StocksBy: Marin KatusaIt's no secret that to be a successful investor or speculator, you have to govern yourself according to a set of rules.And I can't find any better core rule than the famous Buffett quote above. It's one that is the cornerstone of my investing career.Full Article: Four Rules for Investing in Junior StocksBy: Marin KatusaDiscla...Read More
An Angolan delegation led by President Joao Lourenco has arrived in Moscow for a four-day visit. The Russian publication Kommersant wrote that "although this is the Angolan leader's first visit to Russia in this capacity, he does have first-hand knowledge about the Russian capital, since he studied at the Military-Political Academy here in 1978-1982. While attending the Russia-Angola business foru...Read More
JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American is implementing new techniques that give the company far more control over its tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do Feijao mine earlier this year killing hundreds of people....Read More
In her address to the 6th Forum of the Africa-Belgium Business Week, held in the Belgian town of Genval, Marie-Chantal Kaninda, Executive Director of World Diamond Council (WDC), expressed the WDC's optimism that Central African Republic (CAR) will soon be able to resume the unrestricted export of rough diamonds, supported by the Kimberley Process Certification System, and help turn the CAR...Read More
CEDEX, a blockchain-based trading platform for diamonds, said that ahead of its launch its diamond exchange-traded fund (ETF), it had secured more than 6,000 diamonds, worth some $50 million. The diamonds will provide traders with a variety of investment options prior to the launch of the fund. Quoting a lack of transparency, liquidity and fungibility as the reasons why diamonds have not become a...Read More
Lucapa Diamond Company and the Government of the Kingdom of Lesotho announced that yet another 50+ carat rough diamond - this time a 55-carat top color stone- had been recovered from its new 1.1 Mtpa Mothae kimberlite plant in Lesotho. The stone is the fifth +50 carat diamond recovered to date from the new Mothae mine, where commercial production commenced in January 2019 following the commission...Read More
Expanding the scope of the Kimberley Process (KP) to include issues related to human rights and labour relations, as is being advocated by the World Diamond Council (WDC), will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potential, and so support the development of their countries' economies, says WDC executive director Marie-Chanta...Read More
Aim-listed Botswana Diamonds has completed the intensification drilling programme on the Frischgewaagt and Hartbeesfontein farms, which form part of its Thorny River diamond dyke project, in South Africa.The intensification drilling programme comprised 33 holes and 1 282 m of drilling which, together with previous work, has resulted in a total drilled depth of 3 299 m in five areas on th...Read More
LONDON – The story of how two prospectors, down to their last nickels, discovered diamonds in Canada’s frozen north is the stuff of legend.Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-gallon drums of rock samples to a nearby outpost for transport to South Africa. Using the long hours of summer sunlight north of th...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesCEO Ivan Arriagada said the full proj...Read More