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
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSORED"There [needs to be] a mindset shift away from patting ourselves on the back for the changes we have already made," Sharon Warburton, who holds non-executive directorships across multiple sectors*,Read More
About 700 tonnes of gold-bearing material valued at about $191,357 (ZAR2.5 million) has been recovered in a multidisciplinary enforcement action on eight premises on Monday in South Africa's West Rand, part of the historic Witwatersrand Basin.The South African Police Services' elite crime-fighting Directorate for Priority Crime Investigation said Monday that one illegal miner, known as a 'Zamazama...Read More
Benz Mining (TSXV: BZ; ASX: BNZ) has received assays for the six holes drilled in April 2022 as part of its initial lithium exploration at the Ruby Hill West discovery in Quebec. The best results came from RHW22-006, which intersected 26.4 metres at 1.01% lithium oxide (Li2O) and 3.7 metres at 2.61% Li2O, with tantalum, rubidium and cesium association. Holes RHW22-001, 002, 003 and 005 also showed...Read More
This week's episode features Lincoln Strategic Senior Client Director, Global Mining Recruitment, Erik Buckland, who gives an update on the mining labour market and how technology and robotics are being increasingly used in lieu of employees by mining companies. He also discusses the growing perception of the mining industry as an environmentally-friendly sector, and gives tips to people who are...Read More
Royal Gold (NASDAQ: RGLD; LSE: 0KXS) announced on Tuesday a US$525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile project in Nevada from Rio Tinto's (NYSE: RIO; ASX: RIO) subsidiary Kennecott Royalty company.The transaction gives the Denver, Colo.-based royalty firm an effective 1.2% gross royalty in an area within the Cortez complex, which i...Read More
New Found Gold (TSXV: NFG) has released results from 17 diamond drill holes that were completed as part of an ongoing program exploring a highly prospective segment of the Appleton fault zone (AFZ) immediately north of the high-grade Keats zone at its Queensway project in Newfoundland.AFZ is one of two prominent north-east trending faults that are interpreted to be the primary fluid conduits for g...Read More
Gold Field's (NYSE: GFI; JSE: GFI) intended acquisition of Canada's Yamana Gold (TSX: YRI; NYSE: AUY) remains in limbo, though the South African miner has gained backers and says its shareholders are starting to understand the strategy.Speaking after his second international roadshow to turn deal detractors around, Gold Fields chief executive Chris Griffith said some of the company's investors are...Read More
Thanks to this 4,000-year-old bundle of knotted string, scientists have managed to create a new dimension in time. The tech industry has officially crossed into the realm of science fiction.It's called a quipu, and no self-respecting early Incan statesman would be caught without one. By following a sophisticated language of knots, users as far back as 2500 BCE were able to encode a wide range of n...Read More
Results of up to 1.91% Li2O just 4km from Pilbara Minerals' Pilgangoora lithium-tantalum mine; Drilling being planned for SeptemberRead full newsRead More
Share this article VANCOUVER - Pasofino Gold Limited [VEIN-TSXV; EFRGF-OTCQB; N07-FSE] has filed the Feasibility Study in respect of the Dugbe Gold Project in Liberia. Further, the company is pleased to announce that Hummingbird Resources Plc has confirmed that the option exercise conditions have been satisfied such that the company may within 120 days from the date of this press release delive...Read More
Coles said the study will feature a similar production profile and economic as the July 2021 prefeasibility study which detailed average annual production of 249,000 ounces a year of gold and 7.Read More
The latest resource addition of 569,000 ounces takes NE Bankan in Guinea to 3.9 million ounces - within 72.3 million tonnes of dirt - while the overall Bankan project now totals more than 4.2Moz.Read More
"This is probably one of the toughest markets we've seen in a long time.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDSpeaking to journalists and analysts on site at Red 5's recently commissioned King of the Hills (KOTH) gold mine in Leonora, managing director Mark Williams said mergers in the region - currentlyRead More
Production fell year-on-year despite the ramp up of Freeport-McMoRan's Grasberg mine in Indonesia and the Kamoa-Kakula in Democratic Republic of Congo as well as increased production at the majorRead More
The transaction to buy ED&F Man's brokerage unit will add to Marex's metals franchise, Marex said.Read More
(IDEX Online) - A villager collecting firewood in India stumbled on a 4.39-carat rough diamond valued at $25,000.Genda Bai, 45, was working in forest in Purusottampur, in the central state of Madhya Pradesh, when she made the find.It's an area where informal diggers routinely pay for the right to dig a small patch of land in search of diamonds - but simply finding a diamond lying on the groun...Read More
(IDEX Online) - There were more losses again in July, especially among rounds, as the war continues in Ukraine. A more mixed picture for fancies. The only clear upward trend is among larger 'investment type' stones of 4.0-cts to 5.0-cts, which is typical when financial markets are weak and investors seek greater stability.HIGHLIGHTED CHANGES Rounds0.90-0.99 ct. D-H / VVS2-...Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThis report examined the industry's imminent skills shortage, and regretted Exeter University's "pausing" of mining undergraduate enrolment at Camborne School of Mines in 2020.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDMore than half the 70 companies allocated time at the conference have gold as their core interest, which is understandable as Diggers & Dealers and Kalgoorlie have gold roots.Read More