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

DMT is calculating an updated resource estimate for the project, which is expected to be released soon, and which will form the basis of the PEA. The resource update is expected to entail an increase of tonnage based on the exploration work undertaken over the past 18 months, and an upgrade of resource classification, in line with Canada's National Instrument 43-101 guidelines.Read More

See these two Richard Schodde graphs.Ultimately, however, mineral exploration underwent a very significant structural change because of this progressive shallow ore deposit depletion. This structural change was signalled by the fact that, for the first time in modern history, a very strong multi-year increase in mineral exploration expenditure was not answered by a parallel increase in ore deposit...Read More

An award-winning journalist who has been covering the Canadian, Americas and global mining investment markets for more than a decade, Lazenby was most recently deputy editor, North America, for Mining Weekly.He has been based in Canada for the past six years and has travelled extensively to report on conferences, events, projects, mines and companies.Prior to his time in Canada, Lazenby worked in...Read More

ICMM CEO Tom Butler has provided the foreword to the "Mining Journal Global Leadership Report: Preparing for transformation" which is being released later this month.The former soldier who went into the oil and gas industry then mining finance took on his current role in mid-2015.In his foreword, he notes the growing importance of stakeholder engagement, and mining with principles."It has been est...Read More

(IDEX Online) - Some 38 Indian gem and jewelry exporters participated in the JCK Show Las Vegas in the India Pavilion organized by the Gem & Jewellery Export Promotion Council (GJEPC). It is the 15th consecutive year that the trade body has organized an India Pavilion.   GJEPC Chairman Pramod Agrawal, said, "The USA is an important market for the Indian gem and jewelry industry. India's...Read More

(IDEX Online) - Barbara Wheat, President of the Asian Institute of Gemological Sciences (AIGS), part of the Ho Group of Companies, will relocate to the United States in June to take on a new role as Vice President of International Relations & Business Development for the Ho Group.   "As much as I have enjoyed my role with AIGS, I am looking forward to representing the Ho Group of Companie...Read More

If you are in the mineral exploration business you'll likely remember the buzz created by Graham Heinson's "Fingers of God" cross-section of crust in the Olympic Dam province. His magnetotelluric (MT) work revealed slender, conductive fingers of crust swirling up from the mantle to beneath Olympic Dam, Wirrda Well and two other locations coinciding with known mineralisation.Read More

TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning.The parcels comprise 101 diamonds weighing 18.57 ct and 130 diamonds weighing 17.79 ct.AdvertisementThe diamonds will be stored at secured facilities located at the...Read More

SHANGHAI, Jun 5 (SMM) – Nonferrous metals saw mixed trading on Tuesday June 5. SHFE lead led the gains and closed nearly 3.6% higher, copper rose nearly 1%, and zinc inched up. Tin fell over 1%, nickel dipped, while aluminium went flat. In the ferrous market, iron ore jumped over 1.7%, rebar and hot-rolled coil went up slightly, while coke fell over 1% and coking coal dipped 0.76%....Read More

SHANGHAI, Jun 5 (SMM) – Nonferrous metals saw mixed trading on Tuesday June 5. SHFE lead led the gains and closed nearly 3.6% higher, copper rose nearly 1%, and zinc inched up. Tin fell over 1%, nickel dipped, while aluminium went flat. In the ferrous market, iron ore jumped over 1.7%, rebar and hot-rolled coil went up slightly, while coke fell over 1% and coking coal dipped 0.76%....Read More

SHANGHAI, Jun 5 (SMM) – Nonferrous metals saw mixed trading on Tuesday June 5. SHFE lead led the gains and closed nearly 3.6% higher, copper rose nearly 1%, and zinc inched up. Tin fell over 1%, nickel dipped, while aluminium went flat. In the ferrous market, iron ore jumped over 1.7%, rebar and hot-rolled coil went up slightly, while coke fell over 1% and coking coal dipped 0.76%....Read More

SHANGHAI, Jun 5 (SMM) –Copper: Copper prices rose overnight as the US dollar weakened. Labour negotiations at BHP’s Escondida copper mine in Chile, the world’s largest copper mine, which began last week are also likely to weigh on supply. In light to the shutdown of the second largest copper smelter in India, SMM remains bullish on copper prices in the short term due to the expec...Read More

SHANGHAI, Jun 5 (SMM) –Copper: Copper prices rose overnight as the US dollar weakened. Labour negotiations at BHP’s Escondida copper mine in Chile, the world’s largest copper mine, which began last week are also likely to weigh on supply. In light to the shutdown of the second largest copper smelter in India, SMM remains bullish on copper prices in the short term due to the expec...Read More

SHANGHAI, Jun 5 (SMM) –Copper: Copper prices rose overnight as the US dollar weakened. Labour negotiations at BHP’s Escondida copper mine in Chile, the world’s largest copper mine, which began last week are also likely to weigh on supply. In light to the shutdown of the second largest copper smelter in India, SMM remains bullish on copper prices in the short term due to the expec...Read More

The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation.This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA MP Veronica van Dyk, whose constituency is in the Northern Cape, where Alexkor is operative.The probe...Read More

Murmansk has seen better days.The largest city in the Arctic Circle has seen its population drop over 36% to under 300,000 over the last 30 years.Things were different when the Soviets were still in charge. It was the major port for Arctic convoys bringing weapons and supplies from the Allies in World War II.The Nazis nearly razed it, with damage on par with Leningrad and Stalingrad, but the Arcti...Read More

Other top gainers last week included Melkior Resources, NV Gold, Southern Silver Exploration and Pele Mountain Resources.Read full newsRead More

Trade wars will prevent gold from a big crash. The European commission has said that it will lodge a complaint against China (in WTO) for patent infringement along with complaints against the US over tariffs. There is also some speculation that the USA will coerce China to prevent it from using the yuan on petro dollar billings. All in all, other than economic factors the rest of the other fac...Read More

Trade wars will prevent gold from a big crash. The European commission has said that it will lodge a complaint against China (in WTO) for patent infringement along with complaints against the US over tariffs. There is also some speculation that the USA will coerce China to prevent it from using the yuan on petro dollar billings. All in all, other than economic factors the rest of the other fac...Read More

Ready for inflation?Just days after Treasury Secretary Steven Mnuchin reassured markets that a trade war between the U.S. and China was "on hold," the Trump administration announced that it would be moving forward with plans to impose 25 percent tariffs on as much as $50 billion worth of Chinese exports to the U.S. Beijing has already suggested that it will retaliate in kind.The White House also r...Read More