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
(IDEX Online) - Pink and yellow diamonds from two iconic Rio Tinto mines - Argyle and Diavik - have been brought together to create a unique ring.It's called Diavik Midnight Sun and has been valued at $1.24m.An 18.08 carat fancy intense yellow oval diamond from Diavik, in sub-Arctic Canada, contrasts with an intricate setting of rare Argyle pink diamonds, from the now-closed mine in in the re...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDBase metals markets have been buoyed by hopes that changes to China's pandemic c...Read More
The controversial decision by Ottawa on November 2 to force the firms developing critical minerals to jettison their Chinese investors has raised concerns about the potential impact on issuers and theRead More
'Tis is a shame that the United Nations Framework Convention on Climate Change doesn't follow the science more closely...At its recent climate confabulation it announced a:Breakthrough agreement to provide "loss and damage" funding for vulnerable countries hit hard by climate disasters.That is, a breakthrough agreement to fleece the United States taxpayer. It is he - and she - whose pocket the Uni...Read More
Bravo Mining (TSXV: BRVO; OTCQX: BRVMF) is confirming the potential of its Luanga platinum group metals project in northern Brazil by re-sampling old drill cores collected by former owner Vale (NYSE: VALE). Highlights of the re-sampling at the site about 500 km south of Bel?(C)m on the country's north coast include 30 metres starting at surface grading 2.34 grams platinum group metals (PGM) and g...Read More
Strategic Metals (TSXV: SMD) has announced high-grade results from its Batt property in southwestern Yukon. Its wholly-owned site covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture hosted, copper, cobalt, gold, silver and zinc mineralization. Result highlights include 0.71% copper, 0.21% cobalt and 1.18 grams gold per tonne over 5.7 metres from a hand trench...Read More
Due to strong investor interest, Yukon-focused critical minerals explorer Fireweed Metals' (TSXV: FWZ; OTC: FWEDF) says it will increase its previously announced financing to about $35 million.Earlier in the week, the company formerly known as Fireweed Zinc announced a private placement to raise aggregate proceeds of $27.5 million. The financing consists of three parts: 28.3 million common shares...Read More
Barrick Gold (NYSE: GOLD; TSX: ABX) will hear next week whether it can proceed with its US$7-billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and Afghanistan.The country's Supreme Court, which has been tasked with ensuring the project is in line with Pakistan's constitution and laws, finished its due diligence on Wednesday. The final verdict, however, won't be announc...Read More
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility (TSF) earlier this month. The company said the decision comes after an assessment by a team of experts which concluded there is a low risk of further failures of the mine's TSF. They also warned of a poss...Read More
Investing in physical gold and silver bullion holds a secret and powerful benefit... one that both creates a hedge and builds a foundation for wealth accumulation.But I'll tell you now that it's not an equal benefit. It's something that can financially help some people much more than others.In fact, some investors are going to call this "benefit" a disadvantage. And, for them, they wouldn't be wro...Read More
Share this article VANCOUVER - Paramount Gold Nevada Corp. (PZG-NYSE American) said Tuesday the Federal Bureau of Land Management (BLM) has accepted the plan of operations for the proposed high-grade underground Grassy Mountain gold mine in eastern Oregon as complete.With completeness, Paramount said the BLM will issue a notice of intent, thereby initiating the Environmental Impact Statement proc...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumNew drilling results relased by the firm today included 97.21 g/t gold (58.55 g/t cut) over 5.05 metres and 525.28 g/t A...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSORED"Fiona will deliver Fortescue's global metals strategy - to be the most successf...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe ongoing rivalry between the world's fourth and third-largest gold miners by...Read More
In terms of the expected cost of coal sales, Alpha is guiding to a range of US$106-$112.00t for metallurgical coal next year, reflecting inflation led by higher labour and supply costs.Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe legislation would impose a contract on four railroad unions and end a threat...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDLondon is awash with rumours of a bidding war between Jiangxi, the largest coppe...Read More
(IDEX Online ) - A platinum necklace with 104.84 carats of D-color diamonds sold for $5.9m at Christie's Hong Kong Magnificent Jewels Sale.It was the top lot in an auction that netted a total of over $46m.Just over $11m of that was from the sale of 51 pieces from a collection including Cartier, Buccellati, Bulgari, Van Cleef & Arpels, Louis Vuitton, and Boghossian that belonged to retired...Read More
(IDEX Online) - Lucara has announced increased forecasts for 2023 diamond sales and recoveries.The Canadian miner expects to sell $200m to $230m from its 100 per cent owned Karowe mine, in Botswana, an increase on it 2022 forecast of $185m to $215m.It forecasts sales of 385,000 to 415,000 carats (up from 300,000 to 340,000 carats in 2022) and expects to recover 395,000 to 425,000 carats (an increa...Read More
(IDEX Online) - Over 1,000 high-end watches, with an estimated value of over $10m, have been stolen from a safe deposit facility in Berlin.They were being stored by Watchmaster, one of Europe's largest pre-owned watch traders, mostly on behalf of customers who were selling them.Many of the watches were Rolex, Patek Philippe, Omega, Audemars Piguet and Breitling, according to the company'...Read More