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
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) has announced a round of management changes, with newly appointed chief financial officer Ayten Saridas stepping down after only six weeks in the job.Saridas has been replaced by Keith Pollocks as interim CFO. Pollocks was formerly the CFO at Kasbah Resources (ASX: KAS), an Australian company with tin projects in Morocco.SolGold also said that...Read More
With the March prefeasibility study on its DeLamar gold-silver project in Idaho, USA not well received by the market, the company pivoted towards a purely heap leach development option, leaving some 2Read More
Monarch Mining (TSX: GBAR; US-OTC: GBARF) has released a mineral resource estimate for its 100% owned Croinor gold project located 55 km east of Val-d'Or, Que. The resource estimate is based solely on potential underground mining and was prepared using all available information, including results from the latest drilling programs.Resources in the measured and indicated category amount to 903,600 t...Read More
"Why do you rob banks?" authorities asked notorious bank thief Willie Sutton.His response was a miracle of clarity, clearer than crystal and sharper than Damascus steel:"Because that’s where the money is."Why does the United States government mine the middle class for tax revenues?For the same reason the criminally enterprising Mr. Sutton robbed banks - because that is where the money is.Mr....Read More
Vancouver, British Columbia, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE: ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce that, further to its news release dated April 25, 2022, it has closed the acquisition of all of the issued and outstanding shares in the capital of Red Back Mining Pty Ltd, which indirectly holds a 90% interes...Read More
(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" and the "Company") announced today that it has completed the sale of all its interest in the Chirano mine in Ghana to Asante Gold Corporation (CSE: ASE; FSE: 1A9; GSE:ASG) ("Asante") for a total consideration of $225 million in...Read More
Commodities Analysis by Frank Holmes covering: XAU/USD, S&P 500, iShares Core S&P 500 ETF, SPDR (R) S&P 500. Read Frank Holmes's latest article on Investing.comRead full newsRead More
Systemic risks abound right now that, in my view, could favor allocations to physical gold and gold mining stocks. Those risks include sustained inflation, a potential global recession, looming food and energy crisis, and an escalation of hostilities in Eastern Europe.Read full newsRead More
Chief Financial Officer Ryan Snow said the gold prepay and silver purchase and sale agreements of $75 million funded during the second quarter and gold sales that continued from theRead full newsRead More
Nova Scotia has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pondRead full newsRead More
HALIFAX - Nova Scotia's Environment Department has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pond. Australian-based St Barbara's proposal to raise the tailings wall has been opposed by environmental groups, such as the Ecology Action Centre, which have voiced concerns about the potential for a dam breach. Bu...Read More
Three generations teach gold miningRead full newsRead More
Systemic risks abound right now that, in my view, could favor allocations to physical gold and gold mining stocks. Those risks include sustained inflation, a potential global recession, looming food and energy crisis, and an escalation of hostilities in Eastern Europe.Read full newsRead More
Water board ordered company to post $104.9M in security after review, up from $30.7MThe Victoria Gold Corp. is taking the Yukon Water Board to court over an order for the company to pay an additional $74 million in security for its Eagle Gold mine, on top of the approximately $30.7 million the comRead full newsRead More
By Jaime Llinares Taboada Hochschild Mining PLC said Wednesday that it has been granted an environmental authorization for its Mara Rosa gold project in...Read full newsRead More
The planned Back Forty gold mine along the Menominee River has new owners who pledge to protect the environment. But opponents hardened by a long fight are skeptical of gilded promises.Read full newsRead More
JOHANNESBURG (AP) - South African prosecutors have charged seven self-employed miners...Read full newsRead More
Water board ordered company to post $104.9M in security after review, up from $30.7MThe Victoria Gold Corp. is taking the Yukon Water Board to court over an order for the company to pay an additional $74 million in security for its Eagle Gold mine, on top of the approximately $30.7 million the comRead full newsRead More
By Kathryn Hardison Stocks in Canada were higher in midday trading Wednesday. Canadian base metals, health care and information technology sectors led the...Read full newsRead More
The Mara Rosa gold mine, in Brazil's central state of Go?-as, is expected to begin production in the first half of 2024.Read full newsRead More