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
Ring of Fire Metals (formerly Noront Resources) and Webequie First Nation have signed a memorandum of understanding (MOU) outlining a framework for collaboration on proposed development in northern Ontario.Wyloo Metals earlier in the year acquired Noront Resources and its mining assets in Ontario's emerging metals camp known as the Ring of Fire, and chose Ring of Fire Metals as the new name for...Read More
Infill drilling from the underground portion of the El Domo volcanogenic massive sulphide deposit in central Ecuador returned 9.46 metres of 7.49% copper, 2.37 grams gold per tonne, 2.93% zinc, 75.4 grams silver and 0.01% for a copper-equivalent grade of 8.83%, owners Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) and Salazar Resources (TSXV: SRL; US-OTC: SRLZF) reported Wednesday.The deposit, part o...Read More
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has announced assay results from the Kabaya KB3 target on its Kandiol?(C) gold project in Mali, 400 km from the country's capital of Bamako and 25 km east of B2Gold's (TSX: BTO; NYSE: BTG) Fekola mine.The results span 18 holes totaling 2,220 metres and highlights include hole RCDBS22?EUR?0119, which intersected 3.09 grams gold per tonne over 12 metres from 11...Read More
"Challenging market conditions" have forced Trafigura to put its Auby smelter in France on care and maintenance.Netherlands-based Nyrstar, which is majority owned by Trafigura, reported the closure on Dec. 6, but did not elaborate on the decision or disclose when the smelter might restart.The facility, located in the town of Auby, 35 km south of the city of Lille, is a mid-scale electrolytic zinc...Read More
Equinox Gold (TSX: EQX; NYSE-AM: EQX) has sold 11 million common shares in Solaris Resources (TSX: SLS) for aggregate gross proceeds of $70.4 million, cutting its ownership to less than 10% of the Ecuador-focused junior explorer's issued and common outstanding shares.Equinox had previously owned 15.545 million common shares and warrants, entitling it to purchase 7.5 million common shares represent...Read More
US fertilizer producer Mosaic (NYSE: MOS) has temporarily cut production at its Colonsay potash mine in Saskatchewan, Canada, due to slower-than-expected demand.Prior to the curtailment, Colonsay had been operating at a yearly run rate of 1.3 million tonnes and Mosaic had plans to expand output to between 1.8 million and 2 million tonnes by late 2023.The company's move contrasts with the position...Read More
As a writer, you don't always get to write exactly what you want.Of course you can't write everything on your mind, just like you can't say everything on your mind out loud, but writers are often compelled in some way (either with the carrot or the stick) to write something they wouldn't have come up with by themselves.That was the case in 1950 when American composers Jay Livingston and Ray Evans...Read More
(TheNewswire) Vancouver, British Columbia, Canada TheNewswire December 6, 2022 JZR Gold Inc. (theRead full newsRead More
Share this article VANCOUVER - Scottie Resources Corp. [SCOT-TSXV; SCTSF-OTCQB; SR8-FSE] reported new assays on its C and D zone targets, which occur as mineralized cross-structures adjacent to the Blueberry Contact Zone.The C and D Zones are part of the Scottie Gold Mine Project which also includes the historic Scottie Gold Mine and the rapidly advancing Blueberry Contact Zone. The Scottie Gold...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDIn the address, Clark said it's probably not well understood jus...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDWhile there have been some minor tweaks to the first step in its...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDWork on Latin's most advanced lithium project, Salinas in Brazil...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSORED"As a result of that, our board, overnight, approved the develop...Read More
Nagle said the company could double its copper production from its current 1Mtpa through expansions and other projects, but it will only do so once prices increase significantly.Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe event was viewed as a pivotal moment in Britain's fight to c...Read More
(IDEX Online) - Sergey Ivanov is to step down early as CEO of Alrosa, Russia's state-controlled diamond miner, according to media reports.He will reportedly join the private investment firm Volga Group, owned by Gennady Nikolayevich Timchenko, a billionaire and long-time friend and ally of Russia's president Vladimir Putin.Mr Ivanov (pictured) was appointed as Alrosa's youngest ever...Read More
(IDEX Online ) - Russian mercenaries from the Wagner Group - a private army that has been sanctioned by the US - are reported to be selling blood diamonds from the Central African Republic (CAR). The Belgian newspaper De Standaard claims they've been offered for sale on Facebook, and says some of the stones have reached Antwerp. The Antwerp World Diamond Centre (AWDC) reacted angril...Read More
(IDEX Online) - De Beers is extending sightholders' three-year contracts for an extra year as global uncertainties persist.The UK-based miner said it was seeking to provide them with flexibility. Existing contracts, which determine allocations of rough, will now run until the end of 2024, instead of the end of 2023. In January 2021, De Beers introduced new contracts dividing buyers into...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDJack, previously a director at Lundin Mining, resigned his posit...Read More
The war in Ukraine has been in a partial hiatus for the past two months. But that hiatus is coming to an end as Russia prepares its next move. Today, we're looking ahead to what's coming next.And here's a hint: We could be entering a very dangerous period.First off, the situation on the ground in Ukraine is best understood as a competition between the narrative and reality.The narrative consists o...Read More