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
Denison Mines (TSX: DML) has reported encouraging assays from drilling completed during winter 2022 at the McClean Lake property, which have resulted in a significant expansion of the high-grade uranium mineralization discovered in April 2021. McClean Lake is a joint venture project (known as MLJV) owned 22.5% by Denison.The 2022 diamond drilling program was conducted by Orano Canada - the project...Read More
Operations at Equinox Gold's (TSX: EQX; NYSE: EQX) Los Filos mine in Mexico have been suspended as the result of a blockade by members of the nearby Mezcala community, the company said on Thursday.The move, qualified by the Canadian miner as "illegal," is preventing the delivery of certain supplies that are required to maintain Los Filos running, it said.Equinox will engage with community leaders...Read More
Canada's Rio2 (TSXV: RIO; US-OTC: RIOFF) is appealing the rejection of the environmental impact assessment (EIA) for its Fenix gold project in Chile's northern Maricunga region, arguing the dismissal is not consistent with the environmental assessment process that took place over the past two years.The miner says it has identified numerous discrepancies with factual and procedural matters in the d...Read More
Highlights included 29.39m grading 1.71% nickel, 0.98% copper, 0.05% cobalt with platinum, palladium and gold as well for a 2.21% nickel equivalent. This included a sub-interval of 4.89m grading 6.Read More
The overall capital cost is viewed as $375 million with a 13-year life of mine and 5 million tonnes per annum processing capacity.Read More
Share this article VANCOUVER - Victoria Gold Corp. [VGCX-TSX] provided an update on its exploration drill program near its Eagle gold mine, Yukon. The Eagle exploration drilling program took place from December 2021 through May 2022 and continued on the success of the 2021 Eagle Deep drilling program. The 2022 program focused on key areas for the potential expansion of the Eagle Gold deposit to...Read More
It said the high-grade awaruite nickel concentrate to be produced by Baptiste will enable it to produce a low-cost, low-carbon nickel sulphate.Read More
The company said all pre-development activities are completed and it is ready for full construction to commence in 2023, with the first production expected in early 2025.Read More
"The mandate letter represents an important step towards the re-start of construction at Skouries," said George Burns, Eldorado Gold's president and chief executive.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDBunker Hill CEO Sam Ash said the company intends to commence "profitable, sustainable, modern operations" by the end of 2023."As demonstrated in our PFS, Bunker Hill is a sustainable low-risk, high-margin asset...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED "The industry has many pain points from where it is right now. The main industry risk is the lack of a bilateral transaction mechanism," said Cao Huoju, chairman of Shenzhen Better Gold.North Gilbey's...Read More
The company said its review of the Environmental Qualification Resolution (RCA), the administrative document with which the Environmental Assessment Service (SEA) outlined the rationale for theirRead More
(IDEX Online) - A huge 151.60-carat yellow diamond from the Gahcho Ku?? (C) mine, in Canada, is to be sold.The rough gem (pictured), described as an "octahedron of exceptional clarity," was recovered by Mountain Province Diamonds.It will be offered for sale by Bonas-Couzyn, in Anwerp, together with over 90 specials, the largest single collection the miner has offered since it started production in...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDLikewise, Steve Amos will be returning to Ivanhoe from his role as head of projects for the JV, to the position of executive vice president of projects.Ivanhoe's executive co-chair Robert Friedland said that the...Read More
Amex Exploration (TSXV: AMX) has reported the best drill intercepts to date from its copper-rich volcanogenic massive sulphide (VMS) QF Zone, highlighting the continued exploration upside of the company's flagship Perron project in Quebec's Abitibi region.The project, which hosts both gold and base metals discoveries, is located about 110 km north of Rouyn-Noranda.The Montreal-based explorer said...Read More
Based on positive drill results to date, South America-focused Reunion Gold (TSXV: RGD; US-OTC: RGDFF) is planning to accelerate drilling at its Oko West gold project in Guyana, and postpone the release of a first resource for the project to early 2023. The junior, which had originally planned to release the initial resource in the third quarter of 2022, now says that would be "premature." Inst...Read More
FPX Nickel (TSXV: FPX; OTC: FPOCF) has announced results of an internal engineering scoping study evaluating the production of nickel sulphate for the electric vehicle battery market from high-grade awaruite to be produced by the company's Baptiste nickel project in central British Columbia.This study highlights FPX's potential to develop the world's largest integrated nickel sulphate production f...Read More
Shares in Sabina Gold & Silver (TSX: SBB; OTCMKTS: SGSVF) jumped almost 4% on Wednesday after the Canadian miner formally committed to building the $610-million Goose gold mine in Nunavut.Construction at the site, located in the Back River gold district about 400 km south of Cambridge Bay in western Nunavut is planned to fully start in 2023, with first gold production expected in 2025.The Vancouve...Read More
Great Panther Mining (TSX: GPR; NYSE: GPL) has stopped trading in Toronto, and is subject to delisting both at home and in New York, after announcing it had filed for creditor protection.The cash-strapped Canadian miner warned on Tuesday that it would likely default on several material debtor agreements owing to liquidity constraints.Great Panther has also placed its Tucano gold and silver mine i...Read More
Cornish Lithium, the startup hoping to lead the development of an industry for the battery metal in Britain, has secured funding from the U.K.'s national innovation agency to build a demonstration scale processing plant at its Trelavour hard rock lithium project.The unspecified amount from Innovate UK through the Automotive Transformation Fund (ATF) will help Cornish Lithium build the hydrometallu...Read More