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) - Petra today announced sales of $61.3m during an extended October tender, in what it described as a "somewhat muted market".Revenue from its Tender 2 FY 2023 were down 40 per cent on Tender 1, in September, though the miner noted that volumes for the second tender cycle are typically lower than the first.Average price per carat fell sharply by 31 per cent from $198 at Tender 1 of FY...Read More

(IDEX Online) - A pink diamond valued at up to $35m has been withdrawn without explanation from auction in New York.The 13.15-carat emerald-cut fancy vivid gem, described as "VVS1 clarity, potentially internally flawless", had been due to lead Christie's Magnificent Jewels auction on 6 December.The auction house confirmed the diamond, belonging to a private collector, had been pulled from the...Read More

(IDEX Online) - Rolex is reportedly planning a $1bn new factory, which would create 2,000 jobs and allow it to crank up production.The company, privately owned by the Hans Wilsdorf Foundation currently produces just over 1m watches a year, but demand always outstrips supply. Rolex had a turnover of almost $8 billion in 2021, according to Morgan Stanley.Acccording to Swiss TV and newspaper rep...Read More

"Our disagreement with consensus is even more visible when we focus on recession probabilities," Goldman said.Read More

Ontario is starting a two-year, $5 million critical minerals innovation fund to support research and development of new technologies. The fund is to support Ontario-based new technologies in the supply chain for green energy like electric vehicles by connecting mineral resources in the north with manufacturing in the south, provincial mines minister George Pirie said in a news release on Thursd...Read More

There's got to be a sense of schadenfreude in some circles of the mining business watching the implosion of FTX this month. Somehow, cryptocurrencies have competed with the mining sector as both a speculative investment - squeezing out money that might otherwise be directed to junior miners - and also been sold as a store of wealth and inflation hedge, competing with precious metals. While some...Read More

American Creek Resources (TSXV: AMK) and Tudor Gold (TSXV: TUD) say step-out drilling at their Treaty Creek joint project in northwestern British Columbia's Golden Triangle shows higher grades than in last year's initial resource estimate. Drill hole GS-22-159 cut 180 metres grading 1.71 grams gold equivalent per tonne with 0.92 gram gold, 6.1 grams silver and 0.61% copper, the compact reported...Read More

Mexico-focused Vizsla Silver (TSXV: VZLA; NYSE: VZLA) has entered into a non-binding letter of intent with Prismo Metals (CSE: PRIZ) for a strategic investment totalling $2 million. In exchange, Vizsla would receive a right of first refusal to purchase the Palos Verdes project from Prismo as well as 4 million units of Prismo.The Palos Verdes concession sits in the eastern area of Vizsla's Panuco...Read More

Codelco, the world's biggest copper producer, warned on Thursday that global shortages of the metal may reach 8 million tonnes by 2032, as soaring demand continues to offset the number of new projects.Maximo Pacheco, chairman of the board of Codelco, said at an industry conference that while a surplus is expected in the short term due to new projects in Chile, Peru, the Democratic Republic of the...Read More

The union said BHP offered a payment of 2.8 million pesos (US$3,000) to each worker and offered to modify the collective contract.Read More

Jiangxi, the largest copper producer in China, will buy 155 million shares priced at US20c each as part of a 180-million share raise. The financing will see Jiangxi take 6.Read More

"The US is committed to working with all countries to meet the challenge of creating diverse, well-governed supply chains for critical minerals," Jose W.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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationFunds from sale will be used to progress Brixton Metals' Thorn p...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationThe agreement, subject to shareholder approval, will see ZOIC pu...Read More

(IDEX Online) - Zimbabwe, new chair of the Kimberley Process, says its diamond sector will grow to $1bn by the end of 2023.Winston Chitando (pictured), the country's mines and mining development minister, says Murowa Diamonds and the ZCDC (Zimbabwe Consolidated Diamond Company) were expanding their operations and would help bring total output to 7m carats, up from 2m in 2018.In an interview w...Read More

(IDEX Online) - UK-based Endeavour Mining says it has discovered "one of the most significant" new gold resources in West Africa.The Tanda-Iguela property, in eastern Cote d'Ivoire, contains an estimated 1.1m ounces.Sebastien de Montessus, the company's CEO, said: "It ranks as one of the most significant discoveries made in West Africa over the last decade and shows potential to be anoth...Read More

(IDEX Online) - A 31.62-carat fancy blue diamond pendant necklace will lead Christie's Magnificent Jewels auction next month, with an estimate of $10m to $15m. The pear modified brilliant stone has been graded by GIA as natural color, VVS1 clarity and potentially Internally Flawless.  The color is natural, fancy blue, even. It is set among round diamonds and pink diamonds in platinum and...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationIt comes after Forrest lashed out at other company CEOs for not...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationMAC announced the US$1.1 billion acquisition of the asset in Mar...Read More

"Anglo Asian is at the beginning of its next phase of growth, as we prepare to bring a number of new mines into production.Read More