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
The firm posted second-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$55.8 million, below the market consensus of $69 million. EBITDA was down 10.Read More
Shares of East Coast-focused Signal Gold (TSX: SGNL) rose 17% Wednesday on the news that its Goldboro gold project has been approved by the Nova Scotia government. The environmental assessment approval, announced by the provincial Minister of Environment and Climate Change Timothy Halman, will allow the Toronto-headquartered miner to start applications for its industrial approval and Crown Land...Read More
Australia's Silver Lake Resources (ASX: SLR), the new owner of the Sugar Zone mine in northern Ontario, is prepared to invest between $31.2 million and $41.1 million over the next two years on operational improvements and cost reductions on the struggling project, the company said in its recent quarterly report.Silver Lake acquired Sugar Zone in February after winning the bid for the mine's previo...Read More
Denison Mines (TSX: DML) has achieved a key milestone in the advancement of its Wheeler River uranium project in Saskatchewan with the completion of metallurgical test work to define the mechanical components for the planned processing plant at the Phoenix deposit. The metallurgical program has confirmed the ability to produce a yellowcake product that meets industry standard ASTM C967-13 s...Read More
There are few things that are more alluring and exciting than a diamond - but one of them is a significant new diamond discovery. Now those are truly rare. In Canada, we haven't had a significant diamond discovery for years - and the current lack of spending on exploration makes one less likely to happen in the future. Globally, exploration for diamonds has nearly ground to a halt. In Canada...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia. The PEA represents a standalone mine plan that has been undertaken to evaluate a potential future expansion of the KSM mine to the copper-rich Iron Cap and Kerr deposits after its prefea...Read More
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company's request to increase production to 6 million tonnes through to the end of the year and an expansion application have yet to be answered.The operation on the northern tip of Baffin Island suffered a major blow in May after a review board advised against an expansion on e...Read More
British Columbia posted the largest increase in exploration spend among Canada's provinces year-over-year in 2021, with a 124% jump to US$493 million, according to S&P Global's 2022 WorldRead More
Over the past few decades, one of the most popular physical silver assets among amateur investors has been so-called "junk silver coins."Junk silver coins are government-minted currency coins that have little to no collectible value, but instead are valued for the silver they contain.Prior to the mid-1960s, governments including the United States and United Kingdom used an alloy mixture that conta...Read More
Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB); (Read full newsRead More
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (theRead full newsRead More
Mosaic expects to return all of its 2022 free cash flow, after debt reduction commitments are met, to shareholders through a combination of share repurchases and dividends, the Florida-based firmRead More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDMosaic expects to return all of its 2022 free cash flow, after debt reduction commitments are met, to shareholders through a combination of share repurchases and dividends, the Florida-based firmRead More
"'A work in progress', I guess is the best way to describe it," he told journalists after a speech at the annual event. Shareholders, who are due to vote on the US$6.Read More
Sprott has partnered with the Royal Canadian Mint (RCM) to provide investors with an ETF that only sources gold from companies and mines that meet Sprott's ESG screening criteria.Read More
"We are presently reviewing the opportunity to undertake an ASX cross-listing. "I think for us we celebrate, and want to continue to build on the strength of, our London-listing.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThe shares are down 45% since the end of February. But other red metal-centric listed vehicles such as Freeport-McMoRan have also come a cropper, down about 40% during the same time period.Read More
(IDEX Online) - Tiffany & Co is selling limited edition pendants to owners of CryptoPunks - a set of 10,000 unique and collectible Ethereum blockchain characters.The jeweler says it's taking NFTs (non fungible tokens) to "the next level" by creating NFTiffs, or replicas of the virtual CryptoPunk designs.Each one will have at least 30 stones, among them diamonds and colored gemstones...Read More
(IDEX Online) - Fancy color diamonds prices rose by an average of 0.8 per cent in the last quarter.That's a slowdown on the previous three months (1.0 per cent Q1 2022), but still puts them way ahead of other global indices, says the New York-based Fancy Color Research Foundation (FCRF). In Q2 2022 it says the Dow Jones was down 11.3 per cent, the S&P down 16.4 per cent, gold d...Read More
(IDEX Online) - A jeweler in the US has been jailed for more than 12 years after pleading guilty to an investment scam involving a 77-carat "Yellow Rose" diamond.Joseph DuMouchelle, 61, persuaded a client to make a wire transfer to the seller's account for $12m, claiming he could sell it on for $16m.But the money went into his own account and he promptly withdrew it to pay off personal and bu...Read More