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
Barrick Gold's (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.Back in September 2019, Barrick inherited what Bristow called these "moribund mines" when it re-acquired Acacia Mining. After some rebuilding w...Read More
Looking down into the deep ravine in the centre of New Pacific Metals' (TSX: NUAG) Silver Sand project in central Bolivia, one does not have to be a geologist to spot its potential. Up and down its steep sides, the landscape is pockmarked by adits and tunnels dug by miners almost five hundred years ago.The miners may have left after the discovery in 1545 of Cerro Rico, Bolivia's legendary mountain...Read More
For over four decades, CR Mining has been an industry-leading manufacturer and supplier of mining equipment. From their start as innovators in the dragline bucket space, the company has leveraged that expertise to produce a suite of ground engaging tools, or GET, used in a range of machines, including excavators, wheel loaders, and rope shovels.Now, CR Digital, the company's technology arm, is on...Read More
President Joe Biden signed an executive order Monday to hold Ortega accountable for continued attacks on human rights and democracy as well as his continued security cooperation with Russia.Read More
Speaking at the FT Mining Summit Vale chief executive Eduardo Bartolomeo said the aim would be to grow the base metals unit as big as Vale is today, an ambitious goal considering nickel generated 9.Read More
The Fed will raise interest rates 0.75% at the end of its next FOMC policy meeting on Nov. 2.That's not an official announcement, but it might as well be because it came from the Fed's unofficial official source. If that sounds confusing, please allow us to explain…The Fed never announces its rate policy decisions in advance. These are announced in the form of a press release and statement d...Read More
AI has been a hot topic these last few months ever since Elon Musk revealed his Tesla Optimus bot that he says will usher in a "fundamental transformation of civilization as we know it."Musk believes that at the foundation of every economy is labor, so if AI is able to replace or help bolster the labor market, it could create a boon for the economy like we've never seen before.In a press conferenc...Read More
(IDEX Online) - Fugitive Indian diamond merchant Jatin Mehta has gone to court in Britain to challenge the freezing of his assets.He is accused of defrauding15 lenders out of more than $1bn lent to his companies Winsome Diamonds and Jewellery Ltd and Forever Precious Diamonds & Jewellery Ltd in 2013 and of then laundering the money to fund his lab grown diamond business. He denies all accusati...Read More
(IDEX Online) - This scale of devastation from a tailings dam burst at an old diamond mine in South Africa can be seen in this image from space.It shows the five-mile plume of grey sludge that killed at least two people and hundreds of animals, wrecked 350 homes and damaged infrastructure and farmland at Jagersfontein, in the Free State province.The picture was taken by NASA's Landsat 9 satel...Read More
(IDEX Online) - Raiders smashed their way into a New York jewelry store with a sledgehammer, then fled with over $500,000 of merchandise.Surveillance video released by NYPD (New York Police Department) shows three hooded intruders bursting into Cellini, in Midtown, Manhattan, in the early hours of last Saturday (15 October).They smashed display cases, grabbing jewelry and high-end watches."A full...Read More
PolarX executive chairman Mark Bojanjac runs through the highlights of the US-focused explorer's new scoping study on the Zackly and Caribou Dome deposits in Alaska, plus the further metallurgical and resource expansion potential.Read More
Welcome to the New Age, where authority has no authority and does not deserve to act with any authority, but will act as if it does, anyway, and then lie to you about it.Nowhere is this quandary more vivid than in the racketeering operation formerly known as medicine.Our authorities have disgraced themselves behind a new theology of degenerate "science" that veers back into superstition. Proof tha...Read More
Xander Resources Inc. (Read full newsRead More
CEO Phil Day said Q4 will se the company progress to a processing rate of 5000tpcm, equating to an annualised production of about 20,000oz Au.Read More
Chalice Mining, the relatively small Australian company which discovered the Julimar orebody, a world-class nickel deposit which is also rich in copper and platinum group metals, is locatedRead More
"The lower gold-silver price and general macro uncertainty has at least delayed the acquisition cycle we had expected in 2022," said RBC Capital's Michael Siperco.Read More
AAM is key to supplying lithium-based batteries for electric vehicles and manufacturers, including Tesla.Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsTalon was one of 20 fir...Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metals Chalice Mining,...Read More
"We are seeing a global slowdown (…) we think there will be a global recession next year. But this will not be on the scale of the financial crisis.Read More