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
With uranium prices continuing their slow climb over the last four years while the geopolitical situation highlights the need for secure energy supplies, all eyes are on Canada's next big uranium projects.Three top contenders are currently developing promising projects in the prolific Athabasca Basin of northern Saskatchewan. Denison Mines: Saskatchewan's first ISR mine?On the southeastern edge o...Read More
Paladin Energy (ASX: PDN) has added another four provisional offtake agreements to its order book as it prepares to restart the Langer Heinrich uranium mine in Namibia by the first quarter of 2023, the Western Australia-based company announced on Friday.According to Paladin, the four tender awards entail supplying uranium to industry-leading counterparties in the U.S. and Europe.The company says i...Read More
Orosur Mining (TSXV: OMI; AIM: OMI) says diamond drilling at its flagship Anz?? gold project in Colombia returned "substantial" assays from the Pepas prospect. Drill hole PEP007 intersected 80.6 metres of 3.05 grams gold per tonne from surface, including 41.7 metres at 5.24 grams gold and 2.91 grams silver per tonne, the Toronto-based company said in a release on Friday. Drill hole PEP005 cut 36.8...Read More
At the most recent Mining Legends Speaker Series event at the Fairmont Pacific Rim in Vancouver, industry veteran Bob Quartermain, recently inducted into the Canadian Mining Hall of Fame, walked the audience through the milestones of a life's work well worthy of the honour. Organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals, the Mining Legends Speaker...Read More
Frontier Lithium (TSXV: FL; US-OTC: LITOF) is raising $20 million with which to continue exploration of the PAK lithium project in northwestern Ontario - one of the largest and highest grade spodumene resources in North America.The PAK deposit is located 175 km north of Red Lake, Ont. Frontier produced a preliminary economic assessment in 2021 and is working toward a prefeasibility study by the en...Read More
The new estimate features an indicated resource of 1.9 million ounces, an 171% increase over the January estimate of 703,300oz at a US$1700 per ounce gold price.Read More
I told my readers several weeks ago about how Joe Biden and the Fed's plan to develop the digital dollar is moving from the research stage to the development stage.Well, the Biden administration has recently released the first-ever framework for developing a U.S. central bank digital currency (CBDC) system. In other words, "Biden Bucks" is getting closer to becoming a reality for us all.(I like to...Read More
In one of my favorite movies, Braveheart, King Edward I muses:"The French will grovel to anyone with strength, but how will they believe our strength when we cannot rule the whole of our own island?"His point was simple... If we can't reign in a renegade province at home, how can we project strength to the rest of the world?Well, China feels the same way about Taiwan. To them, Taiwan is and alwa...Read More
Four holes completed, hole #5 underway Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (theRead full newsRead More
The market consensus was met on the back of higher gold and copper sales which offset rising costs and lower metals prices. Earnings per share (EPS) of $0.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)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe results compared to a year earlier when Alcoa saw a net income of US$337 million, and US$1.76 per share.Read More
"Few mines get to achieve this milestone and we are only halfway through the ore body," CEO Martin Horgan said in an earnings call. Total gold produced in the Q3 was at 127,512 oz.Read More
To do so would require the sector "to deliver new projects at a frequency and consistent level of financing never previously accomplished," it said, with more than US$23 billion of investment a yearRead 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)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedASX listed Heavy Minerals is managing a garnet project at Port Gregory, about 50 kilometres along the coast north...Read More
(IDEX Online) - The GIA, industry leader in diamond grading, is taking over the work of AGS Laboratories in what is being described as a strategic collaboration.The AGS Laboratories research staff, intellectual property, technology and Las Vegas facility will integrate into GIA, says a joint statement issued yesterday.Both the American Gem Society (AGS) and GIA (Gemological Institute of America) a...Read More
(IDEX Online) - Rio Tinto has unveiled its first piece of jewelry in its Argyle Pink Diamonds Icon Partner program.It's a one-off $3.75m ring handcrafted with 3.42 carats of pink, red and blue diamonds from the iconic Australian mine, which closed in November 2020 after reaching the end of its life.The Argyle Romantica, created by Singapore-based John Glajz, is part of a strategy to protect t...Read More
(IDEX Online) - Canadian junior miner Diamcor says it is refining its operation in South Africa and is producing more carats and more specials.It reported yesterday that it had delivered 5,593 carats of rough diamonds for its first tende3r of the quarter, from processing quarry material at the Krone-Endora at Venetia Project."The total includes several individual gem quality diamonds in the Specia...Read More
In terms of production, strikes in Norway hampered zinc supply in September, with the company's Odda smelter coming offline for 10 days.Read More
Our humble publishing house has attracted the worried attention of the mainstream press...Some months back we sounded the klaxon about "Biden Bucks."Biden Bucks? This is Jim Rickards' colorful expression for the digital dollar - the American example of central bank digital currencies - CBDCs.To speed the digital dollar along, Mr. Biden signed Executive Order 14067 on March 9. From which:My adminis...Read More
Guyana-focused Omai Gold Mines (TSXV: OMG) has reported a near-doubling of the resource base after releasing a new resource estimate for its namesake gold project.The new resource update incorporates an expansion of the Wenot pit and adds the Gilt Creek deposit.The indicated resource grew 171% over the 2021 estimate to 1.9 million oz. gold held in 16.7 million tonnes grading 2.07 grams per tonne....Read More