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
New Pacific Metals (TSXV: UAG) has delivered a strong preliminary economic assessment for its Silver Sand project in Potosi department, Bolivia. The PEA confirms the potential to develop a low capital intensity conventional open pit and tank leach operation at Silver Sand, producing on average 12 million oz. of silver in dor?(C) bars per annum over a 14-year mine life, generating solid financial m...Read More
Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) says new assays from the past-producing Eagle mine at its Joutel project in Quebec are the strongest yet and show a wider mineralized corridor than previously thought. Drill hole EM-22-015 intersected 10.3 grams gold per tonne over 7.8 metres from 228 metres downhole, including 41.1 grams over 1 metre, Maple said in a news release on Monday. Only 20%...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 & streamingHole 202 at South Ayawilca returned 38.9m grading 20% zinc including an ultra-high-grade interval of 10.4m grading 42% zinc.Read More
Ivanhoe Mines' (TSX: IVN; OTC: IVPAF) flagship Kamoa-Kakula mining complex in the Democratic Republic of the Congo (DRC) produced a total of 333,497 tonnes of copper concentrate during the past calendar year, the company said Monday. Kamoa-Kakula's 2022 copper production represents the upper end of its original guidance range of 290,000 to 340,000 tonnes,. It also represents a 215% output increas...Read More
Catch Alamos Gold chief executive officer John McCluskey in this video recount the "Cinderella story" of the formerly underrated Island gold mine in northern Ontario.Few paid attention to the mine in 2015 when it was owned by Richmont Mines and gold was at US$1,285 an ounce. But McCluskey saw the potential. Now with gold around US$1,800 an oz., he's getting ready with the ruby slipper of...Read More
The $30 million involves a $15 million equity investment at a minimum of A$1 per share, and a US$15 million prepayment for future offtake.Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This period's top drill assays come from Canada, Peru and Australia. Scottie Resources (TSXV: SCOTT) reported the best assay in hole SR22-156, which intersected 2.4 metres, grading 194 grams gold per tonne from 148 me...Read More
The company is developing the third phase of expansion of its operations at Kakuka-Kamoa.Read More
(IDEX Online) - Police in India are hunting three men alleged to have duped a diamond dealer by switching genuine stones worth $118,000 with fakes.They visited the victim's office at the Bharat Diamond Bourse, Mumbai, where they examined and photographed a selection of diamonds and their pouches.They returned later, chose 320 carats and asked for them to be set aside until while they went to...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 & streamingTLEA, a joint venture between Tianqi Lithium Corporation (51%) and IGO (49%), owns a 51% stake in Greenbushes, the world's largest hard...Read More
Northwestern Canada is a vast hub for mineral exploration and mining. Here's a glimpse of eight companies exploring for precious and base metals in British Columbia, Yukon and the Northwest Territories. Amarc Resources Amarc Resources (TSXV: AHR; US-OTC: AXREF), a Vancouver-based mineral exploration and development company, recently initiated a new drilling campaign at its DUKE deposit in centra...Read More
Gold, copper and silver producer Anglo Asian Mining (LSE: AAZ), has made a third investment in Canada's Libero Copper & Gold (TSXV: LBC), which focuses on finding copper assets in the Americas.The Azerbaijan-focussed miner acquired on Monday 2.6 million new Libero shares at 15 ? each, for a total consideration of $390,000.The investment maintains the company's share holding at 19.8% of Libero, and...Read More
Dear Outsider,I thought I'd treat myself to some Chipotle last night for dinner."Treat" is a strong word, as I generally have unpleasant experiences there - how can a multibillion-dollar corporation always be out of sour cream... and literally every other food item?We all remember what happened during the pandemic...But sometimes you just crave that Chipotle taste, which is why the stock's worth a...Read More
(IDEX Online) - A pair of $1m apartments owned by fugitive diamantaire Nirav Modi are to be auctioned.Modi, 51 is facing extradition from the UK back to India, where he is accused of a $1.85bn fraud against the Punjab National Bank (PNB).The Debts Recovery Tribunals will sell the two adjoining flats, on the 16th floor of the luxury Yoo Pune development, in Pune, in the western state of Mahar...Read More
(IDEX Online) - An estimated 20,000 diamond workers have lost their jobs in Surat, India, in the last month, as global demand slumps, according to a report in Economic Times.Most of the city's 4,000 manufacturing units are said to working at just 60 to 70 per cent capacity, according to Damji Mavani, the secretary of Surat Diamond Association (SDA).The city's 800,000 diamond workers are...Read More
(IDEX Online) - The elderly owner of a New York jewelry store is fighting for his life after he was savagely beaten in a $100,000 raid.Manny Cohen, 79, was attacked by two men who forced their way into Roxy Jewelry, in Prospect Lefferts Gardens, Brooklyn, as he was closing for the day.His son Shawn was worried when he didn't answer his phone and scrolled back through the surveillance footage....Read More
Throughout the downtime, which resulted from the attack on its IT systems, the firm has been shipping copper concentrate to the Port of Vancouver from mine inventory and has maintained its plannedRead More
"The severe cold temperatures of -35° Celsius (-31° Fahrenheit) immediately froze a number of essential systems in the mills, which delayed the restart of milling operations for several days,"Read More
Look beyond market approach to project valuations: van ZylLeadershipCypress 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 & streamingThe LME announced on January 5 that Huey Evans will not seek re-ele...Read More
The early repayment of its gold prepay facility to Newcrest Mining was the first step in debt reduction at the firm.Read More