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

Canada's Pan American Silver (TSX:PAA) (NASDAQ:PAAS) announced Friday that it has completed the $1.07-billion buyout of Tahoe Resources by acquiring all of the issued and outstanding shares of the precious metals miner.Pan American expects to produce between 26.5 million ounces and 27.5 million ounces of silver this year, with gold output in the range of 162,500 ounces to 172,500 ounces.Based on t...Read More

Canada's Pan American Silver (TSX:PAA) (NASDAQ:PAAS) announced Friday that it has completed the $1.07-billion buyout of Tahoe Resources by acquiring all of the issued and outstanding shares of the precious metals miner.Pan American expects to produce between 26.5 million ounces and 27.5 million ounces of silver this year, with gold output in the range of 162,500 ounces to 172,500 ounces.Based on t...Read More

Canada's ZEN Graphene Solutions (TSXV: ZEN) issued a press release this week stating that management is optimistic about the company's project to transform mine tailings into cement replacement material.The experiment is being carried out at the University of British Columbia's Okanagan campus and it makes use of the tailings from the Albany graphite project, located in northeastern Ontario."Early...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest gold producer, may eclipse its recent and perhaps overly-analyzed merger with Randgold Resources by buying rival gold major Newmont (NYSE:NEM) in a $19 billion all-share deal.Commenting on media speculation, the Canadian miner confirmed it had reviewed the opportunity to merge with the US miner in an all-share zero premium tran...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest gold producer, may eclipse its recent and perhaps overly-analyzed merger with Randgold Resources by buying rival gold major Newmont (NYSE:NEM) in a $19 billion all-share deal.Commenting on media speculation, the Canadian miner confirmed it had reviewed the opportunity to merge with the US miner in an all-share zero premium tran...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest gold producer, may eclipse its recent and perhaps overly-analyzed merger with Randgold Resources by buying rival gold major Newmont (NYSE:NEM) in a $19 billion all-share deal.Commenting on media speculation, the Canadian miner confirmed it had reviewed the opportunity to merge with the US miner in an all-share zero premium tran...Read More

The world's biggest undeveloped gold and copper mining project, planned in ...Read full newsRead More

(Compares with estimates, adds industry background, costs and production)Read full newsRead More

The world's biggest undeveloped gold and copper mining project, planned in ...Read full newsRead More

In a one hour and forty-five minute conference call on Feb. 13, barely seven weeks after the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources became effective on Jan. 1, newly installed president and CEO Mark Bristow said he was excited "by the prospect of putting the Barrick brand back where it belongs, and that is at the head of the gold mining industry," and that the new tea...Read More

Harte Gold's (TSX: HRT; US-OTC: HRTFF) Sugar Zone gold mine in northern Ontario reached commercial production on Jan. 1, and permitting is underway to increase throughput to 800 tonnes per day.In the meantime, the company has just folded into a revised resource estimate, 90,000 metres of infill and step-out drilling it completed last year across the Sugar, Middle and Wolf Zones.The drill program e...Read More

The miner's key project is the Baita Plai underground polymetallic mine in Romania, and it is also putting money into a Marange diamond fields joint venture in Zimbabwe.The bridging loan from Bergen Global Opportunity Fund came after an expected $5.5 million prepayment package was delayed in late 2018.Mercuria Energy Trading finally cancelled the financing in January, sending Vast into a funding c...Read More

The record large 16.28 carat gem-quality diamond recovered on February 18 was sold for $78,947, valuing the stone at US$4,849 per carat. The smaller 8.97ct diamond recovered earlier in the month was sold for $8,306/ct, giving it a total value of $74,513. The stone had been independently valued at over $50,000.CEO Adam Waugh said the sales had further strengthened BlueRock's confidence in the...Read More

The result saw a dividend of 15c per share declared.Last October, Lycopodium reported revenues of $194.6 million and a net profit after tax of $18.17 million for the year ended June 30, with the company saying it expected results in the current year to be generally in line with 2017/18.Last year Lycopodium paid a total dividend of 30c, including 12c in the first-half.In its statement today, Lycopo...Read More

A Nautilus Minerals seafloor bulk cutter mining machine. Source: Nautilus Minerals Inc.Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTC], a company that was hoping to become the world's first deep sea mining firm, has sought protection against bankruptcy.Nautilus said Friday February 22 that it has obtained an order from the British Columbia Supreme Court that provides the company with protection from i...Read More

The Turquoise Ridge gold mine 70 km northeast of Winnemucca, Nevada, owned as to 75% Barrick Gold and 25% Newmont Mining. Source: Barrick Gold Corp.Barrick Gold Corp. [ABX-TSX, NYSE] confirmed Friday February 22 that it has considered making a no-premium offer for Newmont Mining Corp. [NEM-NYSE] as the Canadian mining giant looks for ways to boost production.Barrick has reviewed the opportunity to...Read More

The Gahcho Ku?(C) diamond mine, a joint venture between De Beers Canada and Mountain Province Diamonds is selling an exceptional, 60-carat yellow rough diamond in a sealed bid tender. Reid Mackie, adviser on behalf of Mountain Province, said that this is one of the most exciting stones to have been extracted from the mine since operations commenced at Gahcho Ku?(C). "The stone stuck out like a tr...Read More

Lucara Diamonds’ Karowe mine, in Botswana, achieved a strong operational performance in 2018, meeting or exceeding guidance in all areas, the company said on Thursday.Tonnes mined for the year ended December 31, 2018, reached 18.1-million, in line with guidance of 15.5-million to 18.7-million tonnes.AdvertisementOre and waste mined were 3.1-million tonnes and 15-million tonnes, respectively....Read More

LONDON – Wholesale prices for laboratory-grown diamonds have fallen by up to 60% since De Beers began selling synthetic stones for jewellery in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall.De Beers, part of mining group Anglo American, shocked the diamond industry last year when it announced it was reversing a decades-old policy of selli...Read More

Eastern promise for PolarXSPONSOREDpolarxIt said almost US$8 billion is being invested in the development of three copper projects: Quellaveco ($5 billion), Mina Justa ($1.6 billion) and Toromocho expansion ($1.3 billion).Read More