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
The desalinated water supply under this agreement will provide more than 45% of Los Bronces' needs while also providing clean water to about 20,000 people in nearby communities.Read More
Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court Wednesday morning against Barrick Gold (TSX: ABX) for alleged human rights violations at the company's North Mara gold mine in Tanzania. It is the first time the Canadian gold giant has faced legal action in its home country for alleged abuses abroad, but it has faced prior allegations in the U.K.In 2020, a group of eight Tan...Read More
New Found Gold (TSX-V: NFG, NYSE-A: NFGC) says new drilling expands its Keats West discovery in the Queensway project of central Newfoundland. Hole NFGC-22-773 intersected 18.6 grams gold per tonne over 15.95 metres with mineralization starting at a vertical depth of just 8 metres, the company said in a news release on Wednesday. The new intercept is located up the sloping formation from two...Read More
SolGold (TSX: SOLG; LSE: SOLG) announced Wednesday that certain investors, including China's Jiangxi Copper (Hong Kong) Investment Co.. have agreed to purchase 180 million shares of the company at a price of US20 ? per share for gross proceeds of US$36 million.Among the new investors, Jiangxi Copper is expected to purchase 155 million shares. Once the financing closes (subject to due diligence wit...Read More
Camino Minerals (TSXV: COR; US-OTC: CAMZF) has announced high solubility results over significant copper oxide intercepts in the Lourdes zone at its Los Chapitos property in Peru. Lourdes is one of several new zones identified by the company to target additional drilling campaigns to expand known copper mineralization at Los Chapitos for an envisioned copper oxide heap-leach mine."A copper oxide...Read More
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Ku?(C) joint venture operation in the Northwest Territories, about 280 km northeast of Yellowknife.The company owns a 49% stake in the mine, with De Beers owning 51%. The new KE kimberlite is a distinct occurrence that is located about 450 metres east of the Kelvin kimberlite, the Tor...Read More
The midterm elections are over (no Red Wave), but nothing has changed. In fact, the Biden regime will probably become even more emboldened to pursue destructive economic policies because it will interpret the lack of a Red Wave as some kind of mandate.Every day seems to be a day of spin, with every regime apologist assuring the public that inflation is getting better. Just look at the wonderful tr...Read More
Can a culture divorce itself from its currency? We are not half so convinced that it can.That is one reason we fear for the American future.We fear its currency is anchored to its culture - a declining culture, by our lights - a culture run to strange and often preposterous settings.It is only proper that this low and debased culture merits a debased currency - the debased dollar.Let us then consi...Read More
Precious metal prices are rising amid seasonal demand and a devaluation of the U.S. dollar.In the past three weeks alone, gold prices have increased by as much as $150 an ounce.Meanwhile, the price of COMEX silver jumped almost 15%. One Month Gold Prices One Month Silver Prices We talked about the reasons for the dollar's reversal and the factors driving seasonal...Read More
The history of gold spans every society and has been instrumental in the modern financial system. However, most people don't know of the many ways gold impacts their daily lives.For instance, every smart phone on earth has an estimated 50 milligrams of gold conductors that assist in resisting corros...Read full newsRead More
The Chine-based company plans to offer 232.5 million shares ranging from HK$15.60 to HK$19.96 each. About 24% of the net proceeds, or HK$951.Read More
Share this article VANCOUVER - Ivanhoe Electric Inc. [IE-TSX, NYSE American] has begun drilling at the historic Tintic copper-gold district in Utah after more than five years of property acquisition, digitization of old mine records and meticulous geologic mapping."The Tintic mining district has a storied, century-and-half-long history of high-grade silver production, dating back to the first dis...Read More
Drilling results confirmed the wide, consistent nature of mineralization throughout the southern sector and have also generated new targets outside of the resource envelope for further work as part ofRead More
Additional testing by the state-owned power company Comisión Federal de Electricidad (CFE) to verify compatibility between new and updated substation equipment for the Juanicipio silver mine inRead More
The company has been working to de-risk the Gold Rock, near-surface oxide project through infill and condemnation drilling, geo-metallurgical classification and structural modelling.Read More
The sale includes the granting of a 2% net smelter return (NSR) royalty allocated 70% to Barrick and 30% to Endeavour based on their relative ownership interest.Read More
The guidance will also be released on the same day as the firm's full-year and fourth-quarter 2022 operations and financial results.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 corporationCompany president and chief executive Greg Smith told Mining Jou...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 corporationA housing slump has depressed Chinese demand for commodities inc...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 corporationBut what does all this mean for Rio Tinto which is part of the S...Read More