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
* Aircraft sank after crashing into sea, wreckage found* Pilot had asked to return to Jakarta* Plane lost contact 13 minutes after takeoff* No sign of any survivors (Adds authorities taking away 24 body bags)By Cindy Silviana and Bernadette Christina MuntheJAKARTA, Oct 29 (Reuters) - An Indonesian airliner crashed into the sea on Monday, with the likely loss of all 189 people on board, as it tried...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Nasdaq leads losses in volatile session* Amazon, Netflix among declining big growth names* Financials, staples mitigate declines* Red Hat surges on $34 bln purchase by IBM (NYSE:IBM)* Indexes down: Dow 0.99 pct, S&P 0.66 pct, Nasdaq 1.63 pct(Adds graphic on FANG stocks)By Lewis KrauskopfOct 29 (Re...Read More
Industry experts discuss applications for big data in mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: John Cumming, The Northern Miner editor-in-chief.Panellists (from left): Talia Dabby, PwC Canada director; Glenn Mullan, PDAC president; Humera Malik, Canvas Analytics CEO; Gordon Stothart, Iamgold executive vice-presiden...Read More
Latin America has been generating headlines in recent times. Brazil's ongoing political ructions, which include the emergence of a dominant far-right popular political party, fears that Argentina's economy is again on the verge of collapse, and the end of Latin America's longest-running civil conflict in Colombia have brought the region firmly under the spotlight. Further attention is being garne...Read More
A combination of weaker gold and some disappointing results saw the market heavily mark down precious metals streamer Sandstorm Gold (TSX:SSL)(NYSE:SAND) during August to see its down by almost 21% since the start of 2018. This decline in value is roughly triple the 7.3% lost by gold over the same period. While higher interest rates and a firmer U.S. dollar are weighing on precious metals stocks...Read More
October brings beautiful fall colours, but in 2018 it also brought some unwanted volatility to the TSX Index.Just as trees shedding their leaves is a necessary part of nature, giving way to new life next spring, sell-offs like we've seen over the past month create new opportunities for Foolish investors.Maxar Technologies (TSX:MAXR)(NYSE:MAXR) is a technology company undergoing a pretty significa...Read More
A typical example of massive copper (chalcopyrite) mineralization in a diamond drill core from the New Craigmont Project 14 km from Merritt, southern British Columbia. Source: Nicola Mining Inc.Nicola Mining Inc. [NIM-TSXV] said Tuesday October 30 that it has commenced an extensive reverse circulation drilling program on waste piles at its 100%-owned New Craigmont Project, which is located in the...Read More
Outcrop washing at the Bell Zone on the Alces Lake REE property. Source: Appia Energy Corp. Appia Energy Corp. [API-CSE; APAAF-OTCQB; AOI-FSE] has released some impressive analytical results from surface channel samples collected from the Wilson Zone as part of a recently completed exploration program carried out at the Alces Lake property in northern Saskatchewan.Highlights include results from l...Read More
The Guyana Goldfields Aurora gold mine in northwest Guyana, South America. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; OTC-GUYFF] took a steep tumble Tuesday October 30 following a downward revision in its 2018 gold production guidance.In a press release that also contained the company's third quarter operational and financial results, the company said 2018 production guidance h...Read More
VANCOUVER, BRITISH COLUMBIA / October 30, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report that engineering partner PurLucid Treatment Solutions ("PurLucid") has deployed the first advanced wastewater treatment system in Alberta. The customer will pay C$35 per cubic meter for evaporator blowdown wastewater ("EBD") processing. Delivery of...Read More
(IDEX Online) - Bonhams said that a set of Chameleon diamonds will be auctioned at its Rare Jewels and Jadeite sale in Hong Kong on 25 November. A diamond necklace (pictured above) featuring nine Chameleon diamonds weighing 13.87 carats is expected to fetch between HK$1,600,000 and HK$3,000,000 ($200,000-$380,000). "Chameleon diamonds are amongst the rarest and most mysterious of c...Read More
(IDEX Online) - Russian diamond miner Alrosa has joined the pilot program of Tracr, the end-to-end diamond industry blockchain traceability platform being developed by the De Beers Group in collaboration with industry stakeholders from the manufacturing and retail sectors. "Following the announcement of the Tracr pilot earlier this year, Alrosa's involvement brings the world's two largest d...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesHallgarten & Company analyst Christopher Ecclestone said in a note this week that China's "weaponisation" of copper by flooding the market with its stockpiled supply in retaliation for US tr...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesIt also upped its forecast zinc production but reduced its gold guidance by 20,000 ounces. Cash flows from operating activities rose 8% on the previous quarter, ...Read More
As you may know, I've co-authored two books with the now President Donald Trump. We were working on a third project but that had to be shelved when he decided to run for Commander-In-Chief.I’ve been asked often if he’s as gruff in real life as we've seen on TV.The answer is yes. My experience with Donald is that he’s being real whether he’s on camera or off. He never preten...Read More
Two years ago New Age Metals (TSX: NAM; US-OTC: PAWEF) became one of the largest claim holders in the Winnipeg River Pegmatite Field of southeastern Manitoba, 125 km northeast of Winnipeg.Through staking and acquisitions, the junior acquired 6,000 hectares and five hard-rock lithium projects that contain spodumene-bearing pegmatites near or adjacent to the Tanco pegmatite, a lithium-cesium-tantalu...Read More
This week is "make or break" for the stock market, says strategist Charlie McElligott.If Monday provided an indication, "break" is more likely.Like a proud but aging heavyweight, stocks answered the opening bell with the best blood they could summon... and a chip on their shoulder.The Dow Jones was soon up and away, 352 points higher.But in later rounds stocks began to wobble... and stagger.By the...Read More
Two years ago, New Age Metals (TSXV: NAM; US-OTC: NMTLF) became one of the largest claim holders in the Winnipeg River pegmatite field of southeastern Manitoba, 125 km northeast of Winnipeg.Through staking and acquisitions, the junior acquired 60 sq. km and five hard-rock lithium projects that contain spodumene-bearing pegmatites next to lithium-cesium-tantalum Tanco pegmatite, which has been mine...Read More
Industry experts discuss applications for big data in mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: John Cumming, The Northern Miner editor-in-chief.Panellists (from left): Talia Dabby, PwC Canada director; Glenn Mullan, PDAC president; Humera Malik, Canvas Analytics CEO; Gordon Stothart, Iamgold executive vice-presiden...Read More
To be considered an ethical, investors must weigh up the development impact, sustainability and profitability in equal portion according to Namrata Thapar."In my view profitability and strong environmental, social and governance practices go hand in hand," said IFC's Global Head of Mining during a presentation at the International Mining and Resources Conference (IMARC) in Melbourne today.The IFC...Read More