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

In a terse statement within its June quarter results, the company said the partners determined that the project does not currently meet their investment thresholds for development at this time.Read More

An update of the project by the firm revised go forward attributable initial capital spending to US$1.335 billion, higher than a previous estimate of $1.2 billion-$1.Read More

The Nasdaq-listed firm earned lower-than-expected royalty revenue from its Cortez, Voisey's Bay, Canadian Malartic and Robinson interests.Read More

Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDTwo quarters of contracting US GDP have triggered a debate about whether the world's largest economy is in the midst of a recession and whether the central bank needs to shrink demand still moreRead More

(IDEX Online) - Dozens of jewelry items and watches that Elvis Presley and other gave to his manager, Colonel Tom Parker, are being sold.The online auction, by Kruse GWS Auctions, in Los Angeles, runs until 27 August.Parker represented Elvis from 1956 until the singer's death in 1977 - and received more than half his income.The collection was considered "lost" for decades, but was assembled f...Read More

(IDEX Online) - Switzerland yesterday banned the importation of gold and other metals from Russia as the war in Ukraine continues.The government has outlawed the "buying, importing or transporting gold and gold products from Russia".Switzerland refines as much as 70 per cent of the world's total gold output and its watchmaking industry is a significant consumer.The country, traditionally take...Read More

(IDEX Online) - LVMH saw H1 revenue rise by 28 per cent, to $37.3bn, as Tiffany & Co. enjoyed an "excellent" half-year.The French luxury conglomerate said all its business groups achieved double-digit organic revenue growth over the period.Watches and jewelry grew by 16 per cent and they saw a 26 per cent increase in profit from recurring operations, up to $1bn for H1 2022."Tiffany & Co. e...Read More

Several Canadian-listed gold producers released second-quarter results after market close on Wednesday in what can perhaps best be described as a mixed bag.Vancouver-based major B2Gold (TSX, NYSE: BTO) posted a better overall cost profile than expected for the three months to June.Total gold production of 223,623 oz. gold, (including 14,765 oz. of attributable production from its 15.2% holding in...Read More

Torex Gold Resources (TSX: TXG) shares saw a nearly 15% bounce in trading today after the Mexico-focused miner posted second quarter results that beat analysts' expectations. The company produced a total of 123,185 oz. gold at its El Limon Guajes mine (ELG), in Guerrero state, putting it on track to meet its full year production guidance of 430,000 to 470,000 ounces. In spite of continued infl...Read More

Iamgold (TSX: IAG ; NYSE: IAG) on Wednesday announced another increased estimate of capital expenditures for its 70%-owned C??t?(C) gold joint venture in northern Ontario that it holds with Sumitomo Metal Mining (30%). The Toronto-based miner said in a news release that the remaining costs to complete construction and bring C??t?(C) into production would come to more than US$1.3 billion as of t...Read More

Sayona Mining (ASX: SYA; OTC: SYAXF) has further advanced its planned restart of spodumene production at its North American Lithium (NAL) operation in Quebec, with approximately 30% of plant and equipment upgrades now completed. It remains on track to deliver first concentrates in the first quarter of 2023."It is extremely pleasing to see the rapid progress at NAL as we ramp up towards the recomme...Read More

Shares in Condor Gold ((TSX: COG; LSE: CNR) jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said "provide confidence" in recovery rates ahead of a definitive feasibility study.The results indicate a metallurgical recovery of 91% over the life of mine, assuming a 75-micron grind size, the company said.At...Read More

The Federal Reserve believes it hangs from the hooks of a horrendous dilemma.To cage the inflationary tiger presently amok, it would likely plunge the economy into severe recession...Yet if it navigates a wallowing economy away from recession, inflation will run and run and run.But is it a false choice? Must the Federal Reserve bludgeon the economy to cripple inflation?Consider: It believes it mus...Read More

Closing of the senior secured financing facility is subject to several conditions, including the negotiation and settlement of definitive loan facility and security documentation, Trevali said. Read More

Share this articleVANCOUVER - Signal Gold Inc. [SGNL-TSX, SGNLF-OTCQX] said Wednesday it has received environmental assessment approval from the provincial government for its Goldboro Gold Project in Nova Scotia.This marks a significant milestone in the regulatory approval process, allowing Signal Gold to commence site-specific permitting processes, including the Industrial Approval and Crown Lan...Read More

The PEA is a stand-alone mine plan to evaluate future expansion of the KSM mine to exploit the copper-rich Iron Cap and Kerr deposits after the prefeasibility study mine plan released in June has beenRead More

Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDClosing of the senior secured financing facility is subject to several conditions, including the negotiation and settlement of definitive loan facility and security documentation, Trevali said. Read More

Quebec-based VNP posted second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$8.6 million, up 36% from the $6.Read More

(IDEX Online) - Lucapa saw sales slide by more than a third (36 per cent) during the last quarter, down to $21.8m.At its Lulo deposit (pictured), in Angola - the mine where an historic 170-ct pink diamond was recovered last month - the Australian miner reported a 47 per cent drop in revenue to $15.6m.Meanwhile its smaller mine, Mothae, in Lesotho, saw a 27 per cent increase in revenue to $6.2m.&nb...Read More

(IDEX Online) - Burgundy, the Australian miner that bought the Ellendale deposit last year, says it aims to produce 1,200 carats of high-end polished diamonds annually through its dedicated facility.It says wholesale prices of will range from US$5,000 per carat to more than US$50,000. And it aims to double capacity at its Perth cutting and polishing center.Last year Burgundy bought the mothballed...Read More