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
Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More
Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More
The ultra-Canadian company, which is developing a 2-million-ounce brownfield underground deposit in Red Lake, Ontario, says the transatlantic hop will open up its share register to more institutionalRead More
Feriel Zerouki, Senior Vice President of International Relations and Ethical Initiatives, De Beers Groupis the recipient of the 2019 Initiatives in Art and Culture Award for Leadership in Responsible Practice in Jewelry, Initiatives in Art and Culture (IAC) announced. With the award, Zerouki is recognized "for elevating the conversation internationally on sustainability through the De Beers...Read More
Angola plans to stop using its oil production to obtain loans or credit from other countries, such as China, Brazil and Israel. Speaking to the TASS news agency, the Angolan president, Joao Lourenco, said that this also concerned China, from which Angola had received many billions of dollars in loans for the reconstruction of the country, after the end of the civil war."The amount of oil we export...Read More
Stornoway reported a net loss of C$329.4 million for 2018 compared to Net loss of C$114.2 million in 2017. In 2018, Stornoway sold 1,038,967 run-of-mine carats for gross proceeds of C$141 million at an average price of US$105 per carat. The company sold an additional 164,322 carats of supplemental diamonds for gross proceeds of C$3.5 million at an average price of US$16 per carat. Patrick Godin,...Read More
Petra, one of the junior diamond miners that is suffering from stock value undervaluation, pulled a 425.10-carat Type II white rough diamond from its famous Cullinan diamond mine Petra Diamonds announced that it has recovered a 425.10 carat D colour Type II gem quality diamond earlier on March 29 from its famous Cullinan Diamond Mine. In its announcement, Petra said that "this recovery further de...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsWith more than US$100 million spent on exploration since the acquisition, the company has doubled the resource base at the mine.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe two companies entered into a partnership for the project in December 2015 following a bilateral government agreement. The deposit has a resource of 982 million tonnes grading 0.89% copper and 0.04% molybdenum.A ceremony for the creation of a limited company for the JV was attended by Ecua...Read More
Small miners are finding it increasingly difficult to raise capital to fund new ...Read full newsRead More
Small miners are finding it increasingly difficult to raise capital to fund new ...Read full newsRead More
The market has been slower to grow than it has in the US. But that's set to changeRead full newsRead More
Following this week's efforts by Peruvian authorities to mediate in a 2-month long conflict, Minera Las Bambas issued a statement saying that management is willing to look for a consensual solution with the community blocking their activities in the southern-central region of Apur?-mac.Las Bambas is a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Inve...Read More
Following this week's efforts by Peruvian authorities to mediate in a 2-month long conflict, Minera Las Bambas issued a statement saying that management is willing to look for a consensual solution with the community blocking their activities in the southern-central region of Apur?-mac.Las Bambas is a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Inve...Read More
Following this week's efforts by Peruvian authorities to mediate in a 2-month long conflict, Minera Las Bambas issued a statement saying that management is willing to look for a consensual solution with the community blocking their activities in the southern-central region of Apur?-mac.Las Bambas is a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Inve...Read More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More