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
Ascot Resources (TSX: AOT; US-OTC: AOTVF) has entered into non-binding letters of intent for roughly $200 million in project financing for construction of the Premier gold project, in northwestern British Columbia. The proposed financing package will consist of a US$110 million gold and silver streaming agreement with Sprott Resource Streaming and Royalty and/or its affiliates and an equity inves...Read More
Blue Sky Uranium?EUR?(TSXV: BSK; US-OTC: BKUCF), a Vancouver-based uranium and vanadium explorer with 4,000 sq. km of prospective tenements in Argentina's Patagonia region, expects to update the preliminary economic assessment for its Ivana deposit after completing an enhanced regional exploration drilling program next year. Despite a difficult market for capital raising, Blue Sky announced on De...Read More
The post-pandemic period represents "the best diamond market in the better part of a decade," Lucara Diamond (TSX: LUC) president and CEO Eira Thomas told delegates at The Northern Miner's the recent Canadian Mining Symposium in London, U.K.In an interview with The Northern Miner podcast host Adrian Pocobelli, Thomas explained the rationale of investing in a space that gives exposure to both mined...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by g?EUR?old grade x width, as identified by our sister company Mining Intelligence.Projects in North America's three countries led drilling results for the period of Dec. 2-9. Drilling at Torex Gold Resources' (TSX: TXG) El Lim??n mine in southwest Mexico topped the chart, followed by Ascot Res...Read More
For the first time since its inception in 2017, the Canadian Mining Symposium, will hold an online premiere as a full broadcast of the live event organized in London, UK and attended by an exclusive audience of UK and EU based investment professionals and mining executives.Register here to tune in on December 16th at 10am EST and watch the entire Canadian Mining Symposium, featuring interviews wi...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has joined billionaire Robert Friedland's I-Pulse Inc. and Breakthrough Energy Ventures, a clean-tech venture backed by Bill Gates and Jeff Bezos, to speed up technologies that can help the mining sector save on energy.I-Pulse and Breakthrough Energy Ventures (BEV)-Europe launched earlier this year a company named I-Rox, a France-based firm focused on demonstrat...Read More
Three days prior to the December 14 deadline for Canada's First Quantum Minerals (TSX: FM) to ink a contract with the Panamanian government that would allow the company to keep running its Cobre Panam?? copper mine, the country's Chamber of Commerce issued a statement criticizing the way authorities have handled the deal.In the communiqu?(C), the Chamber's president Marcela Galindo De Obarrio expr...Read More
Argentina Lithium & Energy (TSXV: LIT, US-OTC: PNXLF), a member of the Vancouver-based Grosso Group of companies, is aggressively assembling a portfolio of lithium properties in northwestern Argentina as demand for the battery mineral continues its upward trajectory. "The lithium market had a couple of false starts, but this time is different," said Nikolaos Cacos, the company's president and CEO...Read More
I've frequently said that forecasting Fed policy is easy. The Fed actually tells you what they plan to do in advance. This is the "no drama" Fed.All you have to do is listen to what they say and believe them. They don't want to surprise markets or trigger any unexpected volatility. So they signal in advance and move accordingly.In reality, there's a bit more to it than that.The Fed also signals th...Read More
Dear Outsider,It's been one hell of a ride for the markets to close out the year.Volatility just doesn't want to let up.Good inflation numbers, bad inflation numbers...Stock futures up, down, and sideways.It makes you just want to throw up your hands and walk away.But don't forget that markets have come back strong each time the CPI numbers were released the last two months, so we'll make sure to...Read More
The Cerro Yapacana is home to wildlife found nowhere else in the world. Satellite images show the extent of the damage.Read full newsRead More
ISLAMABAD (Reuters) - Pakistan's supreme court on Friday endorsed a settlement with Barrick Gold to resume mining the Reko Diq, one of the world's biggest copper and gold deposits sites in the country's southwest, a court order showed. The short order was read out by the Chief Justice of Pakistan Umar Ata Bandial, who headed a five-person panel. A Reuters reporter was present in the co...Read More
Pakistan's Supreme Court endorsed on Friday a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits, it said in an order.Read full newsRead More
ISLAMABAD (Reuters) - Pakistan's supreme court on Friday endorsed a settlement with Barrick Gold to resume mining the Reko Diq, one of the world's biggest copper and gold deposits sites in the country's southwest, a court order showed. The short order was read out by the Chief Justice of Pakistan Umar Ata Bandial, who headed a five-person panel. A Reuters reporter was present in the co...Read More
Pakistan's Supreme Court endorsed on Friday a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits, it said in an order.Read full newsRead More
(IDEX Online) - Surat Diamond Bourse (SDB) is finally set to open by next April, after more than three years of delays.The $355m bourse (pictured) was originally supposed to open in January 2020, according to the SDB website. That was put back by September 2021, and then to 2022. Vallabhbhai Patel, chairman of the SDB project, said the government had now granted permission for the building to...Read More
(IDEX Online) - The World Diamond Congress (WDC) is to take place in Israel next March, it has been announced.The Covid pandemic forced organizers to hold the 2020 event online and to cancel the physical congress, which had been due to take place in Hong Kong. The last physical congress, in 2018, was also held in Israel.The World Federation of Diamond Bourses (WFDB) and International Diamond Manuf...Read More
(IDEX Online) - The total value of the raid that netted $10m from a Watchmaster vault has now been put at $32m.Sebastian Buchner, spokesman for the Berlin public prosecutor, told reporters on Friday that valuables worth a total of $22m were stolen from lockers rented to private customers at the same venue.Police say the perpetrators, disguised as security guards, sprayed paint on surveillance came...Read More
Canada's new critical minerals strategy is focused on government support to develop six key metals - lithium, graphite, nickel, cobalt, copper, and rare earth elements.Read More
Are Americans finally realizing that virtually all of the mis-and-dis-information bombarding them for so many years actually comes from the government and the news media channels that serve it?Maybe. Because what we've got now in this country is a Propaganda Industrial Complex waging a PSYOPS war on the people of this land. Why is that?Essentially, to cover up past crimes against the country by pu...Read More