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.com editor Frik Els gives a speech on battery metals at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining JournalRead More
Industry players tackle clean mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: Richard Quarisa, The Northern Miner staff writer.Panellists (from left): Cory McPhee, Vale's VP of corporate affairs, communications and sustainability; Carl Weatherell, Canada Mining Innovation Council CEO; Nathan Stubina, McEwen Mining's manag...Read More
Tim Termuende, President, third from right, takes reporters and brokers on an Eagle Plains property tour. Source Eagle Plains Resources Ltd.Eagle Plains Resources Ltd. [EPL-TSXV] and option partner Roughrider Exploration Ltd. [REL-TSXV] have completed 2018 exploration work on the Olson Project, located approximately 120 km east of La Ronge, Saskatchewan. Roughrider may earn up to an 80% interest i...Read More
Cantex drilling on the North Rackla Project, Yukon Territory. Source: Cantex Mine Development Corp.Cantex Mine Development Corp. [CD-TSXV; CTXDF-OTC] reported drill results from the Massive Sulphide Zone on its 100%-owned, 14,077-hectare, North Rackla claim block in the Yukon. Results have now been received for nine holes from this summer's diamond drill program. Final results are available fro...Read More
Aim-listed Firestone Diamonds recovered 240 733 ct of diamonds at a grade of 23.8 carats per hundred tonnes (cpht) from its Liqhobong mine, in Lesotho, during the quarter ended September 30 – the first quarter of its 2019 financial yearThis compares with the 263 512 ct recovered at a grade of 25.7 cpht in the fourth quarter of the 2018 financial year, ended June 30.AdvertisementDiamond sales...Read More
Rates have been all the rage when it comes to the mainstream media trying to explain the recent volatility in the overall stock market.Yes, rising rates and the collateral damage that accompanies them are important to keep an eye on.The combination of rate hikes here in the U.S. and central bank tightening around the world is not sustainable and is simply a way for central banks to make room for w...Read More
MINING.com editor Frik Els gives a speech on battery metals at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining JournalRead More
Industry players tackle clean mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: Richard Quarisa, The Northern Miner staff writer.Panellists (from left): Cory McPhee, Vale's VP of corporate affairs, communications and sustainability; Carl Weatherell, Canada Mining Innovation Council CEO; Nathan Stubina, McEwen Mining's manag...Read More
This week, companies with $50bn of quarterly buybacks were off their blackout periods, and the number jumps to $110bn by the end of next week and to $145bn the following...Read full newsRead More
In only its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry's biggest operators and investors alike.The most up-to-date numbers show that investors with a staggering $5.4 trillion in assets under management will be in attendance, completely overshadowing the $94.6 billion in assets under management calculat...Read More
In the latest blow for Germany's establishment parties, today's Hesse election saw the worst result for the ruling CDU in 50 years, while the Centre-left SPD suffered its worst result on record.Read full newsRead More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
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Colorado-based Newmont Mining Corp reported lower third-quarter profit and reven...Read full newsRead More
Local authorities close down school in Kokoyah Reports emanating from the gold-rich area of Sayeweh Town in Kokoyah Statutory District in Bong County, say 19 students at the Sayeweh Town Public School are allegedly suffering from chemical waste infection reportedly dumped near the school by MNG-Gold. Administrators of the government-run elementary school, which is located...Read full newsRead More
Separately, the Company has agreed to grant Mineros an option to acquire up to a 51% interest in the La Pepa project, located in the Maricunga gold belt, Chile, over an earn in period of four years (subject to extension for certain unexpected contingencies), and then the remaining 49% interest pursuantRead full newsRead More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More