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
The Bedford Consulting Group released its annual survey of executive and board compensation in the mining industry and revealed that, within the nearly 200 companies in their sample, only 13% of board members are women.Even lower, when it came to analyzing named executive officers in mining firms, only 8% were women. The most common executive role held by these women is CFO.Looking at compensation...Read More
The Bedford Consulting Group released its annual survey of executive and board compensation in the mining industry and revealed that, within the nearly 200 companies in their sample, only 13% of board members are women.Even lower, when it came to analyzing named executive officers in mining firms, only 8% were women. The most common executive role held by these women is CFO.Looking at compensation...Read More
The Bedford Consulting Group released its annual survey of executive and board compensation in the mining industry and revealed that, within the nearly 200 companies in their sample, only 13% of board members are women.Even lower, when it came to analyzing named executive officers in mining firms, only 8% were women. The most common executive role held by these women is CFO.Looking at compensation...Read More
Early investors could see a windfall as this invention unlocks $15.7 trillion in revenue.It's been called humanity's last invention...The "king of disrupters."And "the most important conversation of our time."Insiders are already predicting it will have a bigger economic impact than the steam engine, electricity and the internet...The World Economic Forum claims it will usher in the "4th industria...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
Equipment company MineWare announced that its experts have extended the capability of its Pegasys Dragline Monitor to support underwater digging."Enhanced with MineWare's new Machine Terrain Mapping (MTM) Technology module, Pegasys can now help miners locate and recover material up to 100 feet below water," the Queensland-based firm said in a press release.According to MineWare, identifying and re...Read More
Image: Petra Diamonds.This year will likely go down in history as the one when lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, finally cracked the consumer market, largely thanks to millennials' evolving shopping tastes.The entry of new actors in the synthetic sector, particularly giant producer De Beers and its Lightbox brand, has creat...Read More
Canadian junior miner Explorex Resources (CSE:EX) (OTC:EXPXF) said Monday that crews had been mobilized to initiate the maiden drill program at its cobalt-manganese base metals Kagoot Brook project, located in New Brunswick, Atlantic Canada.The Vancouver-based miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break...Read More
Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes, totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource, are confirming its geological model. It h...Read More
It said the company and some of its current and former directors and executives had agreed to pay more than US$22 million to settle Canadian allegations that they hid the risks of doing business with a controversial Israeli businessman closely linked to Congolese president Joseph Kabila, according to a person familiar with the matter.The newspaper said it was unclear whether Katanga and the indivi...Read More
It has been a solid year for precious metals miner North American Palladium (TSX:PDL), which destroyed considerable investor value after a poorly conceived expansion in 2013 that led to a 2015 restructuring to avoid bankruptcy. The miner has gained 12% for the year to date and appears poised to rise further, despite the uncertain outlook surrounding precious metals.The outlook for palladium is po...Read More
Gold has surged in recent days to be up trading at over US$1,235 per ounce, but despite the latest rally, it is still down by almost 3% year to date. There is every sign that the yellow metal could firm further because of growing fears of a global economic slowdown, rising geopolitical risk, and fears of a crisis in emerging markets. Firmer gold has helped to boost the price of gold miners, with t...Read More
A 62-kilogram sample of native gold found at the Beta Hunt Mine in Australia. Source: RNC Minerals Corp.RNC Minerals Corp. [RNX-TSX], aka Royal Nickel Corp., said Monday December 17 that it is raising $9 million to fund exploration and development at its Beta Hunt gold mine in Australia and for general corporate purposes.The company said a syndicate of underwriters have agreed to purchase 13.04 mi...Read More
A 552-carat yellow diamond, the largest ever found in North America, was recovered at the Diavik diamond mine, Northwest Territories, Canada. The mine is owned 40% by Dominion Diamond and 60% by Rio Tinto. Source: Dominion Diamond Corp.The largest diamond ever found in North America has been recovered from a Northwest Territories mine controlled by Dominion Diamond Corp. and Rio Tinto Plc [RIO-NYS...Read More
Share this articleTORONTO - The Ontario Securities Commission says it has reached a tentative settlement with Katanga Mining Ltd. on allegations that the company violated securities rules by not properly disclosing public-sector corruption risks in the Democratic Republic of the Congo.The regulator has accused the company, a subsidiary of Swiss mining giant Glencore Plc, and several members of...Read More
Full Article: Outlook 2019 - Rush to SafetyBy: Kitco News(Kitco News) - Once again the Kitco News team has been working hard to create the definitive resource for precious metals investors ahead of 2019.Our efforts have again paid off with today's launch of 2019 Outlook - Rush To Safety. I have lost count of all the bank reports we have read, analysts we have talked to, and data we have review...Read More
(IDEX Online) -Vicenza's Museo del Gioiello, the first such museum in Italy, and one of only a few in the world exclusively dedicated to jewelry, has opened a new collection which will be on display until the end of 2020. The museum is managed by the Italian Exhibition Group SpA (IEG) in partnership with Vicenza Municipality. The opening event was attended by the Deputy Mayor of Vicenza, Ma...Read More
(IDEX Online) - Zimbabwe's Mining Minister Winston Chitando said De Beers and Vast Resources will be allowed to explore for diamonds, making them the first listed companies to mine in the country for several years. However, a spokesperson for De Beers told Reuters that it was not mining in Zimbabwe and did not intend to, while Vast Resources said it could not comment. Earlier th...Read More
(IDEX Online) - Angolan mining company Sociedade Mineira da Catoca is to invest $330 million over the next three years in large sample collection works in the area of the future Luaxe mine, according to the company's Director General Benedito Paulo. The work is due to begin in the first half of next year, with the collection of data on the quality of diamonds and their price levels, upon wh...Read More
Look beyond market approach to project valuations: van ZylLeadershipMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsAmong the top five, "Commodity price optimism and the curious case of uranium" caught readers' eyes.Anarcho Capital senior an...Read More