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
Mining giant Rio Tinto's (ASX, LON:RIO) relentless search for a major copper deposit may have finally paid off as it announced it had made a promising find at its Winu prospect in Western Australia."It is early days and we have more work to do, but the initial results from drilling are pretty encouraging," Chief Executive Jean-S?(C)bastien Jacques said on Wednesday, after Rio posted its highest an...Read More
Mining giant Rio Tinto's (ASX, LON:RIO) relentless search for a major copper deposit may have finally paid off as it announced it had made a promising find at its Winu prospect in Western Australia."It is early days and we have more work to do, but the initial results from drilling are pretty encouraging," Chief Executive Jean-S?(C)bastien Jacques said on Wednesday, after Rio posted its highest an...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") a children's apparel brand with a focus on environmentally responsible clothes that are intentionally designed to inspire play, today announced that the Company's Chief Executive Officer, Traci Costa, will present at the upcoming Gravitas Growth Conference, which is being held on February 28, 201...Read More
The world's top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing 98.8 carats at Zapolyarnaya kimberlite pipe, which is the part of Russia's Verkhne-Munskoye diamond deposit.The rock, a unique transparent one with a visible yellow shade and of gem-quality, is the second major find since the launch of the deposit last October, Alrosa said."[The find] speaks ab...Read More
Led by the team behind the development of the La Arena gold mine in Peru, Rio2 intends to use the proceeds at its Fenix gold project in Chile, which it acquired in July 2018 through its merger with Atacama Pacific Gold Corp.Rio2 had announced plans earlier this month to raise between $3-$5 million by issuing up to 10.9 million units at 46c but now plans to issue 15.2 million at the same price, say...Read More
The Choco Precious Metal Project in Colombia. Source Max Resource Corp.Max Resource Corp. [TSXV: MXR, OTC: MXROF, FSE: M1D1] (“MAX” or the “Company”) is pleased to report the results of a “cloud stitched” Long Wave InfraRed (LWIR) survey over a 1,000 sq. km area within the Company’s 1,757 sq. km “Choco Gold Bearing Conglomerate Project”, locate...Read More
Hand sample from Nasigon NE showing disseminated copper minerals (bornite, covellite, malachite) in calc-silicate rock at the Mitchi Project in Quebec. Source: Kintavar Exploration Inc.Kintavar Exploration Inc. [KTR-TSXV] shares were active Wednesday February 27 after the company released final assays from 2018 drilling on its Mitchi property in Quebec."We are very excited with these final result...Read More
The 60,000 tonne-per-day Mount Milligan open pit, copper-gold mine is located approximately 90 miles northwest of Prince George in central British Columbia, Canada. Source: Centerra Gold Inc.Centerra Gold Inc. [CG-TSX; CAGDF-OTC] on Wednesday February 27 announced positive news in relation to its bid to secure a vital supply of water for its Mount Milligan copper-gold mine in British Columbia.The...Read More
Carnotite Mineralization found at ANIT. Source: Blue Sky Uranium Corp.Blue Sky Uranium Corp. [TSX-V: BSK, FSE: MAL2; OTC: BKUCF], (“Blue Sky” or the “Company“) is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. T...Read More
Finestar, an Indian diamond manufacturer and trader that recently acquired De Beers Sightholder status, has launched its proprietary Finestar X-ray diamond imaging software. Finestar's X-ray imaging program shows the internal framework of the given diamond. Technically speaking, it is the digital image overlapping the plotting image of a diamond grading report that shows the exact position of the...Read More
De Beers has appointed Nompumelelo (Mpumi) Zikalala as Managing Director of De Beers Group Managed Operations, the company that comes instead of De Beer Consolidated Mines (DBCM). Mpumi, currently Deputy Chief Executive Officer at DBCM will take responsibility for the restructured entity that includes the Venetia Mine (South Africa), the Gahcho Ku?(C) Mine (Canada) and De Beers Marine. She is to s...Read More
The Verkhne-Munskoye, one of the largest diamond mines in the world, produced a unique gem-quality rough diamond weighing 98.8 carats. The stone was found in the Zapolyarnaya kimberlite pipe. The mine Verkhne-Munskoye, which is operated by ALROSA, is located in the Sakha Republic, also known as Yakutia. Reportedly, the mine has estimated reserves of 40 million and is projected to produce 1.8 mill...Read More
HRD Antwerp NV is collaborating with MAGILABS (Rome/Helsinki) and offering and advanced, two-day workshop on spectroscopy. This course is aimed at diamond traders and experts; appraisers and graders; jewelers and designers; sales managers, buyers and job seekers. In its invitation for the course HRD Antwerp wrote: "Within the world of diamonds, one of the hot topics continues to be the one of labo...Read More
Botswana is reportedly ready to give Zimbabwe a loan of $600 million to develop and support its diamond industry. The report on the loan was initially published by the Herald, the state-owned new paper and online daily, but apparently has since been removed. Reuters reported that Zimbabwe's President Emmerson Mnangagwa and Botswana's President Mokgweetsi Masisi are expected to sign the loan agree...Read More
Endomines' golden opportunities to growSPONSOREDendomines"This number responds to the downward trend since 2014, since when the majority of projects have been suspended. [It is] a challenge to reverse this condition," said executive vice president Manuel José Fernández.The 2018 study shows a slight increase in the number of projects compared with the 294 recorded in 2017. Copper...Read More
Eastern promise for PolarXSPONSOREDpolarxIn a note dated yesterday, the bank said underlying demand remained sluggish and it had been "surprised by the strength in copper prices", which have averaged more than $6,000 per tonne to date this quarter."As a result, we mark to market our Q1 price forecast [from $5,800/t] to $6,120/t but warn that a change in sentiment could bring copper prices down abr...Read More
The official rate of unemployment in the U.S. plunged to a remarkably low 3.7% last year. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of this year.However the official rate hides some troubling realities: 1 out of 4 college grads is overqualified for their jobs, there are more contract workers than ever with no job security, and an army of part-time workers...Read More
“I’ll never do THAT again!”My 6-year-old Caleb is good for about one funny quote a day. If you’ve ever watched the TV show Kids Say the Darndest Things, you know exactly what I’m talking about.After attempting to slide down the banister and breaking both bones in his forearm, Caleb was quick to promise he’d never do something dangerous like that again.But this w...Read More
During the Canadian Mining Hall of Fame's induction ceremony held in Toronto in January, master of ceremonies and Franco-Nevada chairman Pierre Lassonde shared a story of a fateful encounter he once had with Brian Meikle, the late Barrick Gold geologist. Meikle was one of the five inductees of the evening, in part for his role in discovering Barrick's company-making Goldstrike gold deposit in Neva...Read More
Months after acquiring the world's first pure cobalt stream for US$300 million on Vale's Voisey's Bay nickel-copper-cobalt mine in Labrador, Cobalt 27 Capital Corp. (TSXV: KBLT; US-OTC: CBLLF) is adding substantially to its portfolio of battery metal assets.In January 2019, the company struck a deal to acquire Australian explorer, developer and miner Highlands Pacific Limited. Highlands' key asset...Read More