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
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe study examined the construction of a battery-grade nickel sulfate refinery in Ontario, Canada, by 2025-26, viewed capital costs of between US$550 million and $650 million for a 10,000 tonnes per annum integr...Read More
ONHYM will maintain its 3% royalty on the Zgounder property, and a 3% royalty is granted on production coming from the new permits.Read More
Florida-based Pentwater Capital Management, which owns 11.63% of Turquoise Hill, said it was considering its legal and shareholder options to oppose the revised $3.Read More
Toronto-listed Equinox Gold resumed operations at its Los Filos mine in Mexico on September 10 after a meeting with Mezcala community leaders resulted in the blockade being lifted. Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe recycling of spent autocatalysts in China supplied the country with 33,300 ounces of platinum in 2021, while recycled jewellery and industrial scrap yielded 250,000oz and 7,900oz of the preciousRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED For British investors in particular, given their familiarity with Australia, the double-barrelled energy boom in Oz represents the return of an investment double-banger with risingRead More
(IDEX Online) - Sales of jewelry and watches bounced slightly in July, up by 10.2 per cent, year-on-year. The previous month's sales, initially reported as just 0.8 per cent, have now been revised up to 5.3 per cent, based on actual through-the-till transactions. And sales for May have been revised up from 5.1 per cent to 6.0 per cent. However, overall sales growth in rece...Read More
(IDEX Online) - The IDEX Polished Price Index suffered another month of steady decline during August, down by 2.31 per cent. That's the biggest monthly drop since it began falling in early March. It was down 2.1 per cent in April, 0.69 per cent in May, 1.18 per cent in June and 2.05 per cent in July. January and February, by comparison, showed sharp increases, up by 5.67 per cent and 4.14 per...Read More
"The fatal accident occurred at the underground Kansoko Mine in a development area when a fall of ground struck a Komoa Copper employee," Ivanhoe said."Kamoa Copper is undertaking a comprehensive internal investigation into the accident and is working with the DRC authorities to facilitate their investigation of the accident," the company added.Kamoa Copper is the operator of the complex. It is a...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) expects to pour first gold by mid-2023 at Seguela, an open-pit mine it is building in Cote d'Ivoire. In the meantime, the company continues to release exploration updates and drill results for the project and identify new regional prospects. Drilling down-dip and down-plunge at the project's Sunbird deposit, for instance, has extended the mineralization...Read More
The Dow Jones Industrial Average gained 833.27 points during the Sept. 6-9 trading session, rising 2.66%, to 32,151.71, while the S&P 500 climbed143.1 points or 3.65% to 4,067.36. This week's top gainer in value was royalty and streaming firm Franco-Nevada, rising US$4.38 to end the week at US$125.97. Franco-Nevada released its second-quarter results in August, reporting record quarterly revenue...Read More
The S&P/TSX Venture Composite Index rose over the Labour Day-shortened Sept. 6-9 trading session by 2.1% or 13.55 points to end the week at 645.57.C3 Metals boasted the highest share volume for the week, at 7.3 million shares traded. However, the Toronto-based junior shed 1 ? to end the period at 4 ? per share. On Sept. 9, C3 released drill results from its recently completed second-phase drill pr...Read More
Over the Sept. 9 trading period, the S&P/TSX Composite Index gained 502.49 points or 2.6%, to 19,773.34. The S&P/TSX Global Mining Index jumped 5.48 points or 6.25% to 93.23 and the S&P/TSX Global Base Metals Index fell 11.9 points or 7.79% to 164.63. The S&P/TSX Global Gold Index rose by 10.34 points or 4.59% to 235.47 and spot gold ended the week US90 ? per oz. higher, or 0.05%, at US$1,714.40 p...Read More
G Mining Ventures (TSXV: GMIN; US-OTC: GMINF) has made a formal decision to proceed with the construction of the Tocantinzinho gold project located in the state of Par??, Brazil. The company has received all the necessary environmental installation permits to progress with full construction, which is expected to begin this month."This construction decision is an important milestone which has been...Read More
Following a 10,700-metre drill program completed in late 2021, Tartisan Nickel (CSE: TN; US-OTC: TTSRF) has released a preliminary economic assessment (PEA) for its 100%-owned Kenbridge nickel project in northwestern Ontario's Kenora Mining District. Prepared by P&E Mining Consultants, the PEA outlines a low-cost, 1,500-tonne-per-day operation with a potentially short timeline to production. The s...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. Top gold assays for the week Sept. 2-9, 2011.This week's top three assays were all delivered by Australian-listed companies exploring for gold at home.The top hole came from Catalyst Metals' (ASX: CYL) Henty underground...Read More
Canada's Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) and Congo's state mining company G?(C)camines have begun construction activities at the historic Kipushi underground zinc-copper mine, which they plan returning to production by late 2024.The companies' joint venture, Kipushi Corp., pegs pre-production capital costs, including contingency, at US$382 million.During a breaking-ground ceremony, it note...Read More
With a long and storied history of exploration and mine development, favourable mining policies, excellent infrastructure and a skilled workforce, Quebec is one of the world's top mining jurisdictions for mineral explorers and developers. Below are eight companies with operations in the province.MAPLE GOLD MINESHeadframe and infrastructure at Maple Gold's Douay site in Quebec. Credit: Maple Gold M...Read More
There are 435 seats in the House of Representatives (not counting nonvoting seats for D.C. and some U.S. possessions) and all of them are up for election in November. Right now, the Democrats control the House with 219 Democrats versus 211 Republicans (there are five vacancies).It takes 218 votes to control the House. This means if the Republicans hold the seats they have and pick up just seven se...Read More
"When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind."- C.S. LewisDear Outsider,I want you to pay close attention to the quote above.It's how we operate here at Outsider Club.When the greedy Wall Street bankers go one way, we like to run as fast as we can in the opposite direction.Take the latest story out of Morgan Stanley, f...Read More