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
As usual, truth and candor are the first casualties of war. We live in a post-information age. Narratives and propaganda dominate the media nowadays, obscuring what little "journalism" still exists today. Most notably, the "us versus them" mentality that has become so popular is here to stay. After all, the other side is nothing but a bunch of lying traitors. My side, on the other hand, fights w...Read More
Exploits Discovery (CSE: NFLD) chief executive officer Jeff Swinoga has come from away, leaving high-crime Mexico for the warm-hearted community of Gander, N.L. After helping raise US$400 million as chief financial officer of Torex Gold Resources' (TSX: TXG) El Limon Guajes mine in Guerrero state and stints at First Mining (TSX: FF) and consultant EY Canada, his new project is developing stakes n...Read More
Dear Outsider,When I hung my hat on the docks, I had a lot of time to myself.As my boat rocked back and forth in a little inlet on the Chesapeake Bay, I fell asleep most nights with my face buried in a good book.The last book I read on the boat was James A. Michener's epic Chesapeake.Sometimes a book can put your whole life into perspective or just give you important context that you wouldn't have...Read More
Share this article VANCOUVER - Nevada Sunrise Metals Corp. [NEV-TSXV; NVSGF-OTC], formerly Nevada Sunrise Gold Corp., reported that commencement of the Phase 2 drilling program at the 100%-owned Gemini Lithium Project is imminent.Gemini is located in the Lida Valley basin in Esmeralda County, Nevada approximately 23 miles (35 km) southeast of North America's only lithium mine at Silver Peak, Neva...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limited Shareholders are slated to get about $110 million of that distributed back to them, with the balance retaine...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe gold miner said the change in the political situation appeared to be due a disagreement within the Burkin...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limited Last March it was a meltdown in nickel trading which hit the headlines with an explosion in the price...Read More
(IDEX Online) - The IDEX Polished Price Index suffered a sixth consecutive month of decline in September. It was down 2.34 per cent, the biggest drop since the Index started falling early in March. In August it fell by 2.31 per cent. The September decline was almost a straight line, much as it has been in recent months. The Index began falling in early March. It was down 2.1 per cen...Read More
(IDEX Online) - Tests on a lab grown diamond revealed an unexpected orange phosphorescence, a possible consequence of defects internal crystal plane.The CVD-produced 1.547 carat, emerald cut H / VS1 stone was submitted to the Gemological Science International (GSI) Lab in Mumbai for post growth treatment identification.Most CVD (Chemical Vapor Deposition) diamonds show an orange, red, blue and som...Read More
(IDEX Online) - An attacker is seen emptying jewelry cabinets after brutally pistol-whipping the owner in Wilmington, Delaware, USA.The man, identified by police as Calvin Ushery, 39, repeatedly hit his victim in the head with a gun.The 68-year-old victim, a Korean American, collapsed to the floor and a surveillance camera shows Ushery climbing over the counter and stealing items. According t...Read More
Gatos Silver (TSX/NYSE: GATO) shares rose almost 10% Monday despite the release of a revised update that reduced reserves at its Cerro Los Gatos (CLG) mine in northern Mexico by more than one third.The miner had previously announced an issue with its resources and reserve statement in January this year, noting that there were errors and overestimations in its 2020 technical report. Gatos said the...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com).TNM Drill Down Sept. 23-30, 2022.Great Boulder Resources (ASX: GBR), Lumina Gold (TSXV: LUM) and Superior Gold (TSX: SGI) led the drilling assay results for the week of Sept. 23 - 30 with proje...Read More
Minera Alamos (TSXV: MAI) has released an encouraging preliminary economic assessment for its Cerro de Oro gold project in the central Mexican state of Zacatecas. Using a gold price of US$1,600 per oz., the company anticipates an internal rate of return of 111% and an after-tax net present value (at 5% discount) of $150.5 million.The life of mine all-in sustaining cost will be US$873 per oz., aver...Read More
Miners in Burkina Faso say operations have not been affected by spreading social unrest following an internal coup d'?(C)tat over the weekend that saw the country's president, Lt.-Col. Paul Henri Sandaogo Damiba, overthrown after only nine months in power.The change of leadership, and the second military coup of the year appears to have its roots in a disagreement within the Burkina Faso military...Read More
Mexican MP Adriana Bustamante Castellanos has presented an amendment to Article 7 of the country's Mining Law, which would allow for the public release of information regarding the production, processing and sale of minerals, as well as data on deposits' mineral reserves and mining and metal companies' financial statements. Under the current Mining Law, private mining companies can keep such in...Read More
(IDEX Online) - Indian's diamond industry is urging banks to raise loan limits after the rupee hit a record all-time low against the dollar. Export credits are fixed in rupee, leaving diamantaires less and less able to buy rough supplies. They have been calling on the government-owned Reserve Bank of India to follow a 2013 regulatory directive designed to insulate exporters from some currency...Read More
(IDEX Online) - Losses among rounds were less marked than last month, as seasonal demand increased. Goods of 0.50-cts and up showed more mixed movement, and fancies saw significant gains, especially among 1.00-cts-2.99-cts goods. There has been some pickup in business in the last two or three weeks, though not what we'd expect in "normal" times.Gains among commercial goods (0.50-cts to 2.00-c...Read More
(IDEX Online) - Scientists now believe there is water far deeper below the earth's surface than originally thought - thanks to rare inclusions in diamond sent for routine grading by GIA.The 1.5-ct D-color gem recovered at the Karowe mine, in Botswana, contained minerals which turned out to be hydrous (water-bearing).Examination of the diamond using advanced, non-destructive methods concluded...Read More
The assets will all continue to be consolidated and wholly owned by Vale."With the reorganisation, Brazilian base metals assets will be combined into two entities, enabling more efficient processes and management," the company said.Vale is the world's largest producer of nickel. Outside of Brazil, it also has nickel operations in Canada and Indonesia.The company also has copper operations in Canad...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe assets will all continue to be consolidated and wholly owned by Vale."With the reorganisation, Braz...Read More