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
VANCOUVER, British Columbia, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) is pleased to announce that the Bibiani Gold Mine (Read full newsRead More
Nov 10, 2022 (The Expresswire) --Pre and Post Covid is Covered and Report Customization is Available.Read full newsRead More
As gold prices have skyrocketed, a boom in illegal mining across the Amazon Basin has flourished, leaving a deep environmental footprint.Read full newsRead More
Australian shares ended near a two-month high on Wednesday, with gains led by gold and mining stocks as iron ore prices rose on hopes of China easing its COVID-19 restrictions.Read full newsRead More
(Reuters) - South Africa's Harmony Gold on Tuesday reported a fatality at its Tshepong North mine in the Free State province after a fall-of-ground incident. The accident took place on Nov. 7 and internal investigations are underway, the company said in a statement. (Reporting by Nelson Banya; Editing by Jan Harvey)Read full newsRead More
Twenty cubic meters of solution containing cyanide spilled into the river in June. The prosecutor's office has concluded that there was no need for prosecution following inspections and sanctions on the mining company.Read full newsRead More
Gold exploration and development company US Gold on Thursday announced the sale of its interest in the Maggie Creek property to Nevada Gold Mines (NGM) for $2.75-million and a potential 0.5% net smelter returns royalty.US Gold last year drilled two holes at the south end of Maggie Creek.Read full newsRead More
The past-producing Bibiani mine is expected to churn out 20,000 ounces of the precious metal a month by early 2023.Read full newsRead More
VANCOUVER, British Columbia, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) is pleased to announce that the Bibiani Gold Mine (Read full newsRead More
Nov 10, 2022 (The Expresswire) --Pre and Post Covid is Covered and Report Customization is Available.Read full newsRead More
As gold prices have skyrocketed, a boom in illegal mining across the Amazon Basin has flourished, leaving a deep environmental footprint.Read full newsRead More
(Reuters) - South Africa's Harmony Gold on Tuesday reported a fatality at its Tshepong North mine in the Free State province after a fall-of-ground incident. The accident took place on Nov. 7 and internal investigations are underway, the company said in a statement. (Reporting by Nelson Banya; Editing by Jan Harvey)Read full newsRead More
Twenty cubic meters of solution containing cyanide spilled into the river in June. The prosecutor's office has concluded that there was no need for prosecution following inspections and sanctions on the mining company.Read full newsRead More
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) (Read full newsRead More
The raising, which prices new shares at 16c each, will reduce net debt from US$156 million to $65 million. Resolute shares last traded at about 20.5c.Read More
Share this article VANCOUVER - Shares of Goldstorm Metals Corp [GSTM-TSXV], a company set up to hold Tudor Gold Corp.'s [TUD-TSXV, TUC-Frankfurt] 100% interest in the Goldstorm property in British Columbia, are set to begin trading on the TSX Venture Exchange today.The purpose of this arrangement is to reorganize Tudor into two separate publicly traded companies, allowing Tudor to focus on its Tr...Read More
The transaction is expected to close in the first quarter of 2023, Pan American chief executive Michael Steinmann told a Q3 results conference.Read More
Kinross expects attributable gold production of 2.1 million gold equivalent ounces (AuEq oz) in 2023, down from its earliest guidance of 2.3M AuEq oz. Its guidance for 2024 remains unchanged at 2.Read More
Shares in the firm slumped 9.8% to C$18.41, complicating the valuation of its share offer for Yamana.Read More
Shares in leading miners Freeport-McMoRan, Newmont and Barrick were more than 5% higher in the session in New York and Toronto.Read More