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
Through its subsidiary, Zijin International Holdings, the company hopes to secure the exploration rights for the mine in Hotan County, Xinjiang, which is being offered by the Department of NaturalRead More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe company, previously known as BlackEarth Minerals, said its preliminary work suggested a BAM operation that co...Read More
Last year's gold production was around 1% lower than the 4.2M oz of gold produced in 2021 and the third straight year of an annual decline in output.Read More
Interest in gold has been muted in recent quarters compared to other asset classes, partly because rising real rates and a stronger US dollar offered no incentive to increase exposure to gold.Read More
Osisko Development (TSXV: ODV; NYSE: ODV) has announced an initial mineral resource estimate for its 100%-owned Trixie deposit in the east Tintic Mining District in central Utah. There are 236,000 measured and indicated tonnes grading 28.08 grams gold per tonne and 50.77 grams silver for 213,000 oz. gold and 385,000 oz. silver. In the inferred category, Trixie hosts 385,000 tonnes at 19.64 grams...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming"As the minister of finance of Saudi Arabia said, mining in Saudi Arabia is an economic play. It's not a fiscal p...Read More
Share this article VANCOUVER - Solaris Resources Inc. [SLS-TSX; SLSSF-OTCQB] reported assay results from a series of holes aimed at growing mineral resources at the 100%-owned Warintza East discovery within its Warintza project in southeastern Ecuador.Warintza East was discovered in July 2021, with eight holes covering the overlapping periphery included in the Warintza Central Mineral Resource Es...Read More
Goldshore Resources (TSXV: GSHR) reported the assay results for seven infill holes drilled in the centre portion of the QES Zone in the current Moss Lake resource outline in Ontario.The best intercept from hole MQD-22-072 highlighted a broad zone of mineralization grading 1.03 grams gold per tonne (cut) over 116.6 metres (true width). Within this intercept was a high-grade core of 1.76 grams gold...Read More
Lithium developer Wealth Minerals (TSXV: WML; US-OTC: WMLLF) has released an initial resource estimate for its Ollag? 1/4 e project in Chile.The estimate is based on the company's geophysical survey and 2022 drill program, consisting of four vertical holes totalling 1,111 metres. It also includes drilling and geophysical data from previous operators on the Ollag? 1/4 e project.The initial resource...Read More
This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli on the precious metals market and the biggest factors that are impacting them. Jeff also discusses misperceptions about the Chinese gold market and how overly optimistic silver speculators often leave money on the table.All this and more with host Adrian Pocobelli.This week's CEO...Read More
The industry needs to encourage mentors, adjust mindsets and offer technology jobs to boost the level of women from just 8% of the global mining workforce, according to a panel at the Future Minerals Forum in Saudi Arabia. New technologies allow women to sidestep the image of a soot-covered coal miner headed underground with a pickaxe and choose careers such as geo-chemistry, finance and artifi...Read More
Analysts welcomed Probe Metals (TSXV: PRB) tripling the indicated gold resource at its Monique deposit in the Novador project near Val d'Or, Que. The deposit now holds 41.8 million indicated tonnes grading 1.52 grams gold per tonne for 2 million oz. contained metal, Probe said in a news release on Tuesday. That's up from 672,800 indicated oz. in the previous resource estimate from 2021. "The...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingRio shipped 321.6 million tonnes, on a 100% basis, unchanged from 2021 and at the bottom end of 2022 guidance of...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingBHP Xplor is an exploration accelerator established in August 2022, designed to support junior explorers and come...Read More
(IDEX Online) - Petra Diamonds says it's considering "additional financing options to provide support" while its Williamson mine is out of action.It also says it's talking to the government of Tanzania about the sale of a long-disputed diamond parcel that was confiscated in September 2017.A breach of the mine's tailings storage facility last November released 12.8m cubic metres of m...Read More
(IDEX Online) - Petra Diamonds announced yesterday that it had taken the "difficult decision" to put its loss-making Koffiefontein mine, in South Africa, on care and maintenance as it prepares for complete closure.The UK-based miner said it had failed to find a buyer for the underground deposit, which dates back to 1880 and which was expected to reach the end of its life in 2025."Production at Kof...Read More
(IDEX Online) - Exhibitors booked $3.7bn of orders at India's flagship trade show, the IIJS Signature, according to initial estimates by the GJEPC (Gem & Jewellery Export Promotion Council).Over 20,000 visitors attended the four-day India International Jewellery Show at the Bombay Exhibition Centre, in Mumbai, down on the 32,000 forecast by organizers. All but 800 were from India."The rec...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingTake Anglo's ESG credentials. One view holds that Anglo is probably ahead of the curve on matters green. In a rec...Read More
Cobre Panama had a strong quarter, with copper volumes increasing from 80,000t in 4Q21 to 90,000 in 4Q22 despite a sharp deterioration in relations between the two sides in December last year.Read More
(IDEX Online) - Rio Tinto has lowered the 2023 production forecast for its Diavik diamond mine, on the edge of Arctic Circle, in Canada. It now expects to produce 3.0m to 3.8m carats, compared with a 2022 forecast of 4.5m to 5.0m carats. Actual production for last year was on target, at 4.7m carats. Rio Tinto, the world's second-largest metals and mining corporation, gave no explanation for t...Read More