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
AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) has earmarked US$143 million to finish migrating its upstream mine waste storage facilities in Brazil, where two major tailings tragedies occurred in recent year, to dry-stack operations.The South African miner is investing close to US$42 per oz. on transforming its tailings dams built using the upstream method to comply with the country's new legal...Read More
NorZinc (TSX: NZC; OTC: NORZF) has initiated a feasibility study level metallurgical test program on its Prairie Creek project located in the Dehcho region of the Northwest Territories. The program will be conducted by SGS Canada, a leading technical services provider, with the objective of finalizing milling parameters and performance characteristics for the first three to five years of planned...Read More
A court in Burkina Faso has found two managers of Canada's Trevali Mining (TSX: TV; US-OTC: TREVF) guilty of involuntary manslaughter after a flash flood trapped and killed eight miners in April at the company's Perkoa zinc operation in the west African country.The managers, arrested in late August, received different sentences, according to local news agencies.Hein Frey, the mine's general manag...Read More
At Santa Cecilia, Torq recently signed a seven-year social access agreement, allowing drilling and other exploration activities to commence in one of the most prospective districts in Chile.Read More
Stocks stabilized today after yesterday's bloodbath, the market's worst day in over two years. But if you're tempted to "buy the dip," I'd think twice. The worst may be yet to come. Here's a little tip:A colleague has informed me that institutional traders - not mom and pop retail investors - have recently taken out over $8 billion in "crash protection." That's a record high.The last time we saw s...Read More
Copper Fox Metals (TSXV: CUU; OTC: CPFXF) has suspended plans to complete the proposed 2,500-metre drilling program on its 100% owned Eaglehead polymetallic porphyry copper project in northwestern British Columbia. The property is located 50 km east of Dease Lake, covering a large portion (nearly 165 sq. km) of the Lower Jurassic age Eaglehead stock.The decision to suspend drilling comes as the Ca...Read More
The Bureau of Labor Statistics released another hot inflation report yesterday, announcing an 8.3% increase in the consumer price index (CPI) over the past year. This marked the sixth month in a row annual CPI has increased more than 8%.And, of course, this really comes as no surprise.Economists and analysts like myself have been warning about significant inflationary pressures resulting from the...Read More
Former BHP iron ore boss Jimmy Wilson started yesterday as executive director for 18 months after which he will move to a non-executive director role.Read More
China is the world's largest producer of hydrogen, but virtually all of the 33Mt it produces every year is made using coal and natural gas or comes as an industrial byproduct.Read More
Share this article TORONTO - Electric Royalties Ltd. [ELEC-TSXV, ELECF-OTCQB] said its royalty interest in Voyager Metals Inc.'s [VONE-TSXV] Mont Sorcier iron and vanadium project near Chibougamau, Quebec is expected to generate average annual royalty revenues of between US$750,000 and US$1.5 million annually.The estimate is based on a production scenario that is outlined in Voyager's preliminary...Read More
Drilling highlights included 265.75m grading 2.44 g/t gold equivalent and 326.05m grading 1.07g/t.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 reportSPONSOREDFormer BHP iron ore boss Jimmy Wilson started yesterday as executive director for 18 months after which he will move to a non-executive directo...Read More
The expected capital costs were contained in a definitive feasibility study (DFS) case released by the firm that would represent a 140% throughput increase from a Stage 2A expansion at the mine inRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDChina is the world's largest producer of hydrogen, but virtually all of the 33Mt it produces every year is made using coal and natural gas or comes as an industrial byproduct.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSun shines on Saturn MetalsSPONSOREDsaturn metalsEven before Russia's invasion of Ukraine, onshoring was gathering momentum, a trend viewed by many as shorthand for deglobalisation.Read More
(IDEX Online) - Police shot and injured a man suspected of stabbing a jewelry sales associate with a kitchen knife in Atlanta, Georgia, USA.They named him as Jose Reyes-Serrato, 27, and say the employee, who worked at Macy's department store, at the Mall of Georgia, as 55-year-old David Walker.Both men have been recovering in hospital after the incident and are expected to survive.Local polic...Read More
(IDEX Online) - Petra Diamonds today announced increased sales of $102.9m at its latest rough tender, and revealed it would reinstate dividends to shareholders on the back of a revenue hike.The UK-based miner said it sold 520,011 carats at its first tender of FY2023, down nine per cent on the previous tender in June. But an 11 per cent in prices pushed overall revenue up from $93m.Average price pe...Read More
(IDEX Online) - British actress Lily James fronts a new campaign for the Natural Diamond Council, promoting the beauty of natural diamonds.The 33-year-old Emmy-nominated star, known for roles in Pam and Tommy and Downton Abbey, has been appointed by as the council's global ambassador."It has been illuminating to discover the positive impact of the natural diamond industry across the globe and...Read More
(IDEX Online) - Sixteen Argyle Pinks are being offered for sale in what is described as a "once-in-a-lifetime opportunity" for collectors.Leibish is hosting a Festival of Argyle Tender Pink Diamonds at its offices in New York until 19 September.It describes the event as "the largest Tender stone collection in the world".A 1.28 carat, Fancy Deep Purplish Pink, 2PP, Oval shape Diamond with I1 clarit...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe charter aims to reduce the standard project permitting timeline with the ultimate aim of having the benefits of the mine development accruing to all parties sooner rather than later.Read More