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
A judge rejects a challenge to proposals to build a controversial gold mine in the Sperrin Mountains.Read full newsRead More
A jump in the reserve grade and tonnage at Fosterville in Australia - already one of the highest grade and most profitable gold mines in the world - will help increase Kirkland Lake Gold's (TSX: KL; NYSE: KL) total gold production this year to between 920,000 and 1 million oz., up from its previous guidance of 740,000 to 800,000 oz. in December.The company revised its consolidated production guida...Read More
Regional exploration last year on its Indin Lake gold property, 200 km north of Yellowknife in the Northwest Territories, turned up high-grade gold in grab samples from three areas, including 174.50 grams gold per tonne at Fishhook, the southernmost project on its 899 sq. km land package, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) reports.Fishhook consists of several historical gold showings spannin...Read More
Titan and Core have budding gold assets in Peru and Ecuador, respectively, with the merger deal contingent on Titan's raising of a minimum of A$20 million in new equity (at the time of deal closure),Read More
Alrosa sold 121 rough stones totalling 1,950ct to 31 firms.It did not provide any other details but said there was participation from firms in the UAE, India, Belgium, Israel, Hong Kong, Russia and the US.Member of the management board and director of the United Selling Organization at Alrosa Evgeny Agureev said the company had been cooperating with the Dubai Diamond Exchange on industry issues si...Read More
Ausdrill has a potential war chest of about A$375 million to make some bolt-on acquisitions in the surface mining contracting space or build its own surface mining arm should it choose to.Read More
The case was one of three class actions filed against Northern Dynasty and some of its officers and directors, following a Read More
Redzone's Leinster lithium project in the Republic of Ireland. Source: Redzone Resources Ltd.Redzone Resources Ltd. [REZ-TSXV; REZZF-OTC; : REZZF] said Monday February 25 that it has acquired 4,438 hectares of prospective vanadium mineral claims near Mackenzie, British Columbia.The mineral rights were acquired via staking, the company said in a news release.The property is targeting the extension...Read More
Open pit mining operations at the Copper Mountain Mine near Princeton, southern British Columbia.Copper Mountain Mining Corp. [CMMC-TSX; CPPMF-OTC; C6C-ASX] on Monday February 25 announced a new integrated life-of-mine production plan for its flagship Copper Mountain mine in southern British Columbia.Copper Mountain shares advanced on the news, rising 18.6% or 16 cents to $1.02 on volume of 1.98 m...Read More
A Newmont Mining gold pour in Nevada. Source: Newmont Mining Corp.Barrick Gold Corp. [ABX-TSX, NYSE] has launched a US$18 billion hostile bid to acquire U.S. rival Newmont Mining Corp. [NEM-NYSE] in an all share transaction that would create the world's largest gold producer.The combined company would have a market cap of $42 billion. It would produce 10 million ounces of gold annual at an all-in-...Read More
Two prestigious conferences are just around the corner, PDAC and Thinking North. I am honoured to be speaking at both and I hope to see you there.The annual PDAC Convention is regarded as the premier international event for the mineral industry. In recent years, it has attracted more than 25,000 people from 125 countries and will next be held on March 3-6, in Toronto at the Metro Convention Centre...Read More
Bloomberg reports that Beny Steinmetz has ended a seven-year-old dispute with Guinea, a mineral rich country in West Africa. Reportedly, the settlement was brokered by former French President Nicolas Sarkozy. As a result of the agreement, Steinmetz-controlled BSG Resources Ltd. and Guinean President Alpha Conde have both withdrawn allegations of corruption and agreed to drop a two-year-old arbitra...Read More
The Shanghai Diamond Exchange (SDE), Guangdong Land Holding Ltd (GDLand) and Israel Diamond Exchange (IDE) are to hold a first China-Israel Diamond Week in Shenzhen, April 2 - 4, 2019. The highlight of the event will be a China-Israel Diamond Sales Meet, where Israeli exhibitors will present their goods to Chinese diamond buyers. A large number of Chinese buyers is expected at the event. The even...Read More
In an interview, Bruce Cleaver, CEO of De Beers, contended that the prices of lab-grown diamonds (LGDs) have dropped as much as 60 percent since De Beers stared marketing its Lightbox LGD-set jewelry line in the last quarter of 2018. The De Beers CEO said that wholesale prices of LGDs would continue to fall due to technological developments and advancements will continue to lower the cost o...Read More
GSI (Gemological Science International) will provide diamond testing and screening for jewelry manufacturers and retailers at its booth during the Hong Kong International Jewellery Show. The booth's mini-lab will showcase GSI's testing and screening capabilities now available at its new Hong Kong facility, which utilizes the latest equipment for testing and screening undisclosed lab grown diamond...Read More
Bezant buzz builds around big projectsSPONSOREDbezant resourcesWhite Gold Corp a major force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe case was one of three class actions filed agains...Read More
Although the Northwest Territories is deep in the grip of winter, there have been several major mining-related developments in the last two months in the areas of new mining legislation and infrastructure.The Northern Miner sat down with the Northwest Territories Minister of Infrastructure and Industry, Tourism and Investment, Wally Schumann, at the Association of Mineral Exploration's (AME) annua...Read More
In December 2018, Yorbeau Resources Inc. (TSX: YRB; US-OTC: YRBAF) optioned its Rouyn gold property in Quebec to IAMGOLD Corporation (TSX: IMG; NYSE: IAG) and a month later, the two companies began drilling the property.The Rouyn property is located roughly 4 km south of Rouyn-Noranda and covers a 12 km stretch of the gold-rich Cadillac-Larder Lake Break.The companies now have two drill rigs turni...Read More
Bezant buzz builds around big projectsSPONSOREDbezant resourcesWhite Gold Corp a major force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftTo even suggest the world's second-biggest mining co...Read More
JOHANNESBURG (miningweekly.com) – De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations.The new business will streamline operational management and identify synergies to create a more sustainable business in the two countries.AdvertisementDe Beers Group Managed Operations will focus o...Read More