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
Why is the mining industry struggling to attract young people to replace the droves of older workers who are retiring? Raziel Zisman, a Partner at Whittle Consulting who leads its Sustainable Governance Initiative, believes it's because the industry has made little effort to speak to what really matters for young people: purpose and values. To that end, Zisman has put together the LIAMforum, an...Read More
As a career choice, mining has seen better times.As they contemplate their careers and enter post-secondary education, the focus of young people has been on anything but mining, which, in fact, ranked last in a list of nine career sectors in an Abacus Data poll conducted in 2021 with the Mining Industry Human Resources Council (MiHR)."We had Abacus Data poll 3,000 youth across the country on perc...Read More
The Precious Metals Summit currently underway in Beaver Creek, CO has heard how gold is poised to play an increasingly important role in a changing global geopolitical landscape.During a keynote presentation, Incrementum AG managing partner and investment manager Ronald-Peter St??ferle said gold could be a monetary communication tool between vying blocks. It could become re-monetized because of it...Read More
Ucore Rare Metals (TSXV: UCU; OTC: UURAF) has made "significant strides" in the procurement and construction process of its commercial demonstration plant for testing the RapidSX rare earth element separation technology developed by Innovation Metals Corp. The facility is on track for commissioning in the fourth quarter of this year.The test work, which is taking place at Ucore and Innovation Met...Read More
SilverCrest Metals (TSX: SILV), which is in the midst of commissioning its Las Chispas gold-silver mine in Sonora state, Mexico, said reliability issues with electricity supplies have caused unspecified delays in completing its first metal from the mine.The Canadian precious metals exploration and development company said power supplies to its operations were not "at a steady state", but noted the...Read More
Shares in Tertiary Minerals (LSE: TYM) jumped on Thursday after the junior said it had inked a technical cooperation agreement with First Quantum Minerals (TSX: FM), which would "turbo-charge" its copper exploration projects in Zambia.The deal covers Tertiary's Mukai and Mushima North project, in Zambia's north-western province. It is directly adjacent to First Quantum's Trident project, which i...Read More
(TheNewswire) VANCOUVER, BRITISH COLUMBIA TheNewswire - September 13, 2022 (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (Read full newsRead More
The financing mechanism, which is based on 4.Read More
The feasibility is penciled-in for mid-2024, with the company likely to do an internal prefeasibility study before then to determine some of the key design parameters.Read More
"The exploration success we have had so far the two projects where we have pretty major drilling campaigns going has been the best in my career.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe company aims to increase from six drill rigs on site at the moment to get up to about 10 or 11 rigs by the end of the year. "The strategy is largely consistent with what we did last year.Read More
Look beyond market approach to project valuations: van ZylLeadershipNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe financing mechanism, which is based on 4.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSteel firm Nucor expects third-quarter earnings to be in the range of US$6.30-$6.40 per diluted share, down 35% from net earnings of $9.67 per diluted share in the second quarter and $7.Read More
Earnings per share (EPS) of 30.25 cents was 49% higher than 20.28 cents year-on-year and 11% above market consensus.Read More
Around $200 million of the proceeds from the investment are expected to be used to advance the first phase of Great Salt Lake, representing around 75% of total phase-one funding needs.Read More
(IDEX Online ) - A jeweler in Texas, USA, has been jailed after he failed to deliver $3.9m of pre-paid Rolex watches to a customer.Santiago Mora, 40, was sentenced to 27 months in prison after pleading guilty at an earlier hearing to committing wire fraud.In an effort to pay the customer and others, Mora obtained a total $500,000 in merchant cash advances via wire transfer by impersonating and usi...Read More
(IDEX Online) - Britain's three biggest jewelry chains will all close their stores on Monday to mark the funeral of Queen Elizabeth.Beaverbrooks, Signet UK (H Samuel and Ernest Jones), and the Watches of Switzerland Group (Goldsmiths, Mappin & Webb and Watches of Switzerland) have more than 500 stores between them.Many smaller multiples and independent retailers will also remain closed fo...Read More
(IDEX Online) - Beyonce is starring in Tiffany & Co's latest campaign, Lose Yourself in Love, which the jeweler describes as an exploration of "fearless creativity."The American singer, songwriter, producer, and actress has been promoting the brand, together with husband Jay-Z, since April 2021. In the new campaign she models Tiffany Lock - the new, gender-neutral diamond bracelet -...Read More
As the energy revolution gathers momentum, so too intensifies the pressure from the investment community on miners to create net-zero emissions operations that produce sustainable upstream products feeding the new green economy, a panel heard during the Precious Metals Summit in Beaver Creek, Colo.According to Jamie Keech, executive chairman of Vida Carbon Corp., a pool of about US$39 trillion of...Read More
Quebec, more than any other province in Canada, has been ahead of the curve in working to join the EV economy. Its vast hydroelectricity infrastructure gives it an advantage in clean, low-carbon energy that is essential to "green" manufacturing, and it has supported the nascent battery industry with significant public investment. It was also the first to outline plans for critical minerals explora...Read More