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 agreement will see Ma'aden invest US$126.4 million in Ivanhoe Electric equity, at the same time as the two companies set up a 50/50 exploration joint venture.Read More
Developer Arizona Sonoran Copper (TSX: ASCU; US-OTCQX: ASCUF) moves into a critical new year as it works to complete a resource at Parks Salyer and a prefeasibility study for the Cactus copper project in Arizona by year-end.In outlining its updated work plan, the company said it would undertake drilling, metallurgy, detailed engineering, permitting and technical studies, as well as work to build t...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming Khalid Al-Filah, the Saudi minister of investment touted "the capability of the kingdom to be of service to global supply chain,"...Read More
Ivanhoe Electric (TSX: IE; NYSE-AM: IE), the latest endeavour of mining magnate Robert Friedland, is joining with Saudi Arabia's state-owned miner Ma'aden to explore for copper, gold, silver and electric metals considered key for the transition to green energy.The companies are creating a 50:50 joint venture that will operate for five years, and may be extended for up to 10 years. As part of the...Read More
Managing risk while war wages in Europe, inflation stings and recession looms is a long-term task best tackled by improving education and living standards in developing nations, Barrick Gold (TSX: ABX; NYSE: GOLD) chief Mark Bristow says."Historically the mining industry has often invested not to make money for its in-country stakeholders and that game is over," Bristow said in an exclusive interv...Read More
(IDEX online) - A family jewelry business in the US is suing its bank after cybercriminals stole $1.6m from its accounts.Joyce's Jewelry, in Pittsburgh, Pennsylvania, accuses PNC Bank, of failing to "keep its hard-earned money safe". In a lawsuit filed in the US District Court in Pittsburgh it alleges the bank failed to notify it or freeze its four accounts when they were hacked.The...Read More
(IDEX Online) - Diamond miners in Lesotho have been accused of polluting rivers in the landlocked kingdom.The royalties it receives from South Africa for water far outweigh its annual diamond revenue. (Forecast at $70m compared to $12.7bn for the current financial year).But a confidential report reveals harmful levels of toxic mining effluent in rivers that feed the Lesotho Highlands Water P...Read More
The PFS will feature an increase in the processing rate by approximately 25% versus the PEA which has the potential to boost production to 30Mozpa of silver equivalent from 26Mozpa, with the mine lifeRead More
The miner, whose stock price performed well against peers last year, recorded annual production of 122,806oz gold-equivalent.Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingPanAm shareholders are expected to vote in favour of the purchase of Yamana on January 31, which will give PanAm four additional produc...Read More
SQM has made an initial $4.2 million investment in Azure at 25.64c, a 13.9% premium to Azure's last closing price on Friday. The two-stage transaction will see SQM invest a further $15.Read More
The Northern Miner has put together a list of five trends we believe encapsulate the drama of 2022. 1 Geopolitical 'curveballs' Russia's invasion of Ukraine was certainly the biggest geopolitical shock of 2022 - and one that continues to disrupt commodities markets and feed an energy crisis in Europe. While miners have benefitted from higher prices, it's come at the cost of great uncertainty and...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootThanks to drilling over the past year, resources are now 2.2 million tonnes of lithium carbonate, plus ther...Read More
Gold and silver bulls haven't been this excited in years.Precious metals started 2023 with a very impressive surge in prices.Gold prices have risen higher than $1,880 an ounce, while COMEX silver has recently approached $25 an ounce.However, the rally in precious metal prices might experience a temporary cool-off as investors digest this week's inflation data and look ahead to the Federal Res...Read More
The Ministry of Commerce and Industries highlighted several aspects that it took issue with.Read More
Your editor entertains a theory:We Americans are frogs. We are frogs wallowing blissfully in a pot of fatally warming water.We boil gradually away, unaware... comfortable... arrogant... and ignorant.That is, we the American people have grown so accustomed to the warmth enwombing us - and for so long - we are incapable of detecting the ratcheting heat.We will never jump the pot. We are simply too c...Read More
(IDEX Online) - Exclusive Lebanese jeweler Mouawad has created a sapphire and diamond crown for this Saturday's Miss Universe competition, valued at $5.75m.The Force for Good Crown features 108.44 carats of blue sapphire and 48.12 carats of white diamond, with a pear-shaped 45.14 carat sapphire as its highlight.Last year's winner Miss India, Harnaaz Sandhu will crown her successor at the...Read More
Gatos Silver (NYSE, TSX: GATO) shares rose by 12% Wednesday after the company saw its best ever quarter and calendar year for silver production at its Cerro Los Gatos (CLG) mine, comfortably beating its 2022 production guidance, Gatos said in a news release Tuesday. For the year, the Mexico-focused silver miner posted a record 10.3 million oz. at its 70%-owned CLG mine, up 36% from the 7.6 millio...Read More
Investors bullish on gold can consider buying mining stocks such as Barrick Gold right now. The post Should You Buy Gold Stocks In 2023? appeared first on The Motley Fool Canada.Read full newsRead More
Many contractors spend money on Facebook with very little to show for it, so it's well worth it to consider allocating some of that time and money toward LinkedIn.Read full newsRead More