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
Metallurgical test work which began in May 2021 showed that a two-step process achieved 60% gold recovery and 50% silver recovery, slightly less than the estimate in the July 2021 preliminary economicRead More
The investment bank's deep dive into metal markets sees newly mined copper production peaking in 2028 at 24 million tonnes, before slipping to 22.Read More
B2Gold's (TSX: BTO; NYSE: BTG) Fekola mine in southwestern Mali produced 567,795 oz. gold at an all-in sustaining cost of US$765 per oz. sold last year, and this year exploration results and an updated resource estimate for the Anaconda area, about 25 km north of the mine, fuel the company's view that there's upside potential for a lot more gold production to come. Based on drill results from thi...Read More
Shares of Torex Gold Resources (TSX: TXG) jumped 3.1% by midday Friday following the latest drill results from its El Lim??n Guajes (ELG) underground mine in Mexico, where it is conducting a 27,000-metre drill program.ELG underground is part of the El Lim??n Guajes mine complex that also includes three open pits and a processing plant. The mine complex, which began commercial production in 2016,...Read More
Two of Canada's biggest mining companies are teaming up in Mexico at the San Nicolas copper-zinc development project, one of the country's largest undeveloped volcanic-hosted massive sulphide deposits and among the largest globally. Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 50% interest in Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) subsidiary Minas de San Nicolas (MSN), which whol...Read More
Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while again rejecting Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)'s $43-per-share offer for the 49% of the miner it doesn't already own.The activist investor disclosed it had bought around 1.24% of common stock at $41.01 per share in Turquoise Hill, for...Read More
Mining and commodities giant Glencore (LSE: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow. The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed...Read More
Coughlin sees better long-term fundamentals for the red metal than the yellow one.Read More
By this time next year, the post-lockdown dollar will be worth $0.70 or less, on the way to a half dollar. In a mere five years, the dollar will have lost half its domestic value, even as its value among international currencies will likely rise. The dollar remains the least ugly currency out there even as it has been systematically destroyed in only a few years.Still, the reality has not sunk in....Read More
The war in Ukraine took a surprisingly pleasant turn this week when Ukrainian forces conducted a counteroffensive to reclaim three major cities and huge tracts of land that had been occupied by Russia. In all, Ukraine has retaken about 3,500 square miles of territory from Moscow's forces in the Kharkiv region.In many cases, Vladimir Putin's troops fled before the Ukrainians even got there, s...Read More
Welcome to the Market Herald Video Q&A Podcast. I'm Brieanna McCutcheon. With...Read full newsRead More
Share this article VANCOUVER - Gold Mountain Mining Corp. [GMTN-TSXV, GMTKNF-OTCQB, 5XFA-Frankfurt] has outlined the start-up challenges it has faced at its 100%-owned Elk gold project near Merritt, British Columbia.During the second quarter ended July 31, 2022, the company mined 7,101 tonnes of ore and delivered 557 ounces of gold. The company said ore mining was slowed during the quarter as the...Read More
The latest estimate indicated mineral resource totals 95.9 million tonnes containing 94.4 million ounces of silver, 2.7 million tonnes of zinc and 1.2 million tonnes of lead.Read More
The Notice of Work (NoW) was filed by the firm in February this year but has not been approved.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"He has the right mix of geological, technical, financial and management skills to lead the development of the highly prospective Nickel Assets which Archer is in the process of acquiring," Archer director Micha...Read More
"Newmont considered the unprecedented and evolving market conditions, including the continued war in Ukraine, record inflation rates, the rising prices for commodities and raw materials, prolongedRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDWesthaven has also agreed to sell its Franco-Nevada the Talisker Resources NSR for $750,000, which was originally granted to Westhaven by Sable Resources.And Franco-Nevada has agreed to subscribe for 2.5 million...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDLast week, Benchmark Mineral Intelligence (BMI) sent out a message saying the world needed over 384 new mines by 2035 to keep up with demand for lithium ion batteries.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"When you look at mining in a modernised context, you have to be moving multiple pieces of infrastructure.Read More
(IDEX Online) - Belgium's prime minister yesterday told industry leaders that he remained opposed to sanctions on Russian diamonds.Alexander De Croo was addressing delegates at the two-day Facets 2022 convention in Antwerp, where Bruce Cleaver, CEO of De Beers, and Mokgweetsi Masisi, president of Botswana, were also among the speakers.Mr De Croo, (pictured) has repeatedly said his country wou...Read More