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 company narrowly missed its revised production and cost guidance, with the production of 1.96Moz of gold equivalent from continuing operations, a 35% increase over the 1.45Moz in 2021.Read More
(IDEX Online) - Five people were hurt when a light aircraft owned by Zimbabwe diamond miner RZM Murowa crash-landed as it transported a parcel of rough gems under armed guard, according to local media reports.The pilot of the twin-engine Piper 31 NAVAJO is said to be in a critical condition with head injuries after the incident on farmland near the town of Chivhu, in the center of the countr...Read More
New World's Antler points to high-return copper productionSPONSOREDnew world resources Nordic Nickel gears up for Pulju pushSPONSOREDnordic nickelSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAruma sprinting through lithium field raceSPONSOREDaruma resourcesIn the report, Godell, a mineral economist who was formerly part of the...Read More
Share this article VANCOUVER - Orla Mining Ltd. [OLA-TSX] said exploration in 2022 has reinforced the potential for the definition and discovery of more oxide and sulphide resources at its 100%-owned Cerro Quema Project in Panama.The company said a $5 million exploration budget is planned for Panama in 2023, including 5,500 metres of core drilling.Cerro Quema consists of a pre-feasibility-stage h...Read More
LG will use the material to support its plans to produce cathode materials for key North American customers and potentially receive benefits under the 2022 Inflation Reduction Act.Read More
The winners of the Young Mining Professionals' (YMP) Eira Thomas and Peter Munk Awards for 2023 are Kelly Earle of Vancouver and Vincent Metcalfe of Montreal.The YMP awards recognize two mining professionals under the age of 40, who demonstrate exceptional leadership skills and innovative thinking for their companies and shareholders.The awards will be presented to Kelly and Vincent at the YMP Awa...Read More
The United States Government Accountability Office is on the case...GAO is out to specify the amount of taxpayer monies lost to fraud at the federal level:Measuring and estimating the extent of fraud is part of broader efforts to improve agencies' actions to strategically manage fraud risk. The broader work includes putting those measures and estimates in context so that the federal government can...Read More
And if the company's most recent exploration update is anything to go by, Cobre is heading down the right path to fulfil this grand-scale objective at its Ngami copper project (NCP) in northern Botswana.In this announcement, Cobre headlined the media release "Assay results confirm regional multi-target copper district and start of 2023 diamond drilling campaign", saying that assays from recent reg...Read More
Apollo sees stars align at CalicoSPONSOREDapollo silverExcellon CEO hails 'transformational' La Negra acquisitionSPONSOREDexcellon resourcesSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resources Asante targets 400,000oz in 2023SPONSOREDasante gold corporationGlencore bought its stake in 2017 and has a 63% voting interest in the zinc...Read More
(IDEX Online) - This is the all-red $94,000 diamond-encrusted Jacob & Co. watch that Rhianna chose to pair with the all-red ensemble she chose for her Super Bowl halftime performance.The Brilliant Skelton Northern Lights timepiece has an 18K rose gold case polished and is pave set with 323 round white diamonds (???EUR??+ 11.26 ct.). It has a red mineral crystal dial and a red alligator strap.T...Read More
Excellon CEO hails 'transformational' La Negra acquisitionSPONSOREDexcellon resourcesSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesApollo sees stars align at CalicoSPONSOREDapollo silver Asante targets 400,000oz in 2023SPONSOREDasante gold corporation The risk profile for the global mining industry was stable, accordin...Read More
Brad Rourke, CEO of Scottie Resources discusses drilling at the high-grade Blueberry Contact zone near its eponymous gold mine in British Columbia, and plans for the zone in 2023. Rourke spoke with Northern Miner staff reporter Henry Lazenby at VRIC in January.Read More
An artificial intelligence (AI) executive who co-founded a company searching for concealed weapons is now fronting another firm using similar technology to hunt for hidden mineral deposits. The company, Montreal-based Windfall Geotek, has worked with explorers such as Canada Nickel (TSXV: CNC; US-OTC: CNIKF), which just landed a $24 million investment pledge from Anglo American (LSE: AAL), and...Read More
Foran Mining (TSXV: FOM; US-OTCQX: FMCXF) has released initial drill results from the 2023 winter program at the Tesla copper-zinc-gold-silver discovery, about 300 metres north of its McIlvenna Bay deposit in Saskatchewan.Several intersections highlighted grades well above that contained in the McIlvenna Bay reserve estimate. McIlvenna Bay's reserve is 25.7 million tonnes grading 2.51% copper equi...Read More
Harry Barr, CEO of New Age Metals discusses exploration at the River Valley Palladium project near Sudbury and its 11 lithium projects in Manitoba. Barr spoke with Northern Miner staff reporter Henry Lazenby at VRIC in January.Read More
Natascha Kiernan, an M&A specialist, corporate finance lawyer and independent director, outlines what makes a good M&A target and discusses recent trends in mining deals. Kiernan spoke with Mining.com executive editor Frik Els at the Vancouver Resource Investment Conference (VRIC) in January. Read More
I left America in October 1999, never to return.Well, that wasn't the plan at the time, but that's what happened. The plan was to sprinkle my resum?(C) with international experience so I could get into a Top 25 business school.You see, I partied at Villanova more than I studied. And a 3.1 GPA - my freshman year was a complete write-off - wasn't good enough to get into a top business school.So when...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), has confirmed it is considering spinning out to shareholders its metallurgical coal business, sending shares up more than 10% on Thursday.The company responded to a Bloomberg report citing unnamed sources claiming the potential US$8 billion spinoff could be announced as early as next week.Teck said Thursday it was investigating alternatives for th...Read More
Arizona is a copper hotspot with more than a century of mining tradition since its first open pit copper mine opened in 1917 at Ajo.Read More
Miner and commodities trader Glencore (LSE: GLEN) has kicked off a sale process for its 23% stake in Peruvian zinc and silver miner Volcan.Delivering 2022 results, the Swiss company said the move was part of its efforts to further simplify the business and continue to delivering value to its investors.Glencore, the first of the world's top diversified miners to post 2022 earnings, announced on Wed...Read More