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 climate for junior gold financing and M&A has slowed following a strong first quarter, and in our view could face a period of reduced activity similar to the prior downcycle in 2013-15," saidRead More
Leading shareholder AI-listed Anglo Asian Mining will invest to retain its 19.Read More
Ford Motor Company (NYSE: F) announced plans to accelerate its EV production that are underpinned by several high-profile agreements with lithium and nickel miners to supply raw materials for the vehicles' batteries. The U.S-based automaker said in a news release that it has secured "100% of the battery supplies" it needs to produce 600,000 EVs per year by the end of 2023, and with the help of...Read More
Workers at Glencore's Raglan nickel mine in Nunavik rejected the company's latest offer this week, as a labour dispute that has halted most of the mine's operations enters its third month. Glencore said in a release that its latest proposal offered most of the unionized employees a compensation of about $130,000 to $190,000 annually, twice the average pay of workers in Quebec. But union work...Read More
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has released new infill and exploration drilling results that further demonstrate the size and quality of the mineralization at its La Colorada Skarn project. This large polymetallic deposit was first discovered in 2018 through brownfield exploration near the company's La Colorada mine in Zacatecas, Mexico.The new results comprise 22 holes totalling 18...Read More
Anglo American (LSE: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company's US$40-million operational continuity project for its El Soldado copper mine, 125 km north of the capital Santiago.Despite having the backing of the country's environmental evaluation authority, which recommended the project's approval, the local regulator sc...Read More
Rare earths junior Pensana (LSE: PRE) has broken ground at its Saltend rare earth processing hub in northern England, set to be the country's first major facility of its kind in more than a decade.The project is part of the launch of the country's first critical minerals strategy, unveiled today, to weaken China's dominance on the group of 17 minerals used in electric vehicles, wind turbines, an...Read More
I have been working with a great group of young professionals lately that have generated some interesting conversations. Some of them voiced fears and dismay at what the world is coming to. I understand, we are on one heck of a roller coaster ride right now. As I was thinking back over my four decades in the mining industry as a geologist and cost estimator, I realized that we have been here b...Read More
Last week, the Biden administration sent another $400 million in defense aid to Ukraine. It was the 15th such package and brought the total level of humanitarian and military aid to $7 billion since the war began in February.The package included heavy artillery, including howitzers and High Mobility Artillery Rocket Systems (HIMARS), which have been crucial to slowing Russia's progress in the eas...Read More
A study earlier this year from four prestigious institutions proclaimed that you should eat bugs and spiders.And not only that. The study - conducted by BI Norwegian Business School (BI), Chuo University, Miyagi University and Oxford University - also said that the way to convince people to do this is to have celebrities do it on YouTube videos.Like clockwork, they are suddenly everywhere. You are...Read More
VVC Exploration Corporation (TSX:VVC), dba VVC Resources, (Read full newsRead More
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us look at the key technical and fundamental data points he's following for gold and the gold m...Read full newsRead More
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us look at the key technical and fundamental data points he's following for gold and the gold m...Read full newsRead More
The London and Johannesburg-listed company said the mine is continuing to operate following the July 13 attack at the Muaja village area, which is 30 kilometres from Montepuez by road.Read More
Alma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesRed Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsThe London and Johannesburg-listed company said the mine is continuing to operate following th...Read More
Musk used a conference call on Tesla's earnings to highlight lithium, a key element used in the company's electric vehicle batteries.Read More
Share this articleVANCOUVER - Empress Royalty Corp [EMPR-TSXV, EMPYF-OTCQB] said Thursday the first gold pour has occurred at the Manica gold mine in Mozambique. Empress owns a 3.375% gold royalty on the Manica gold mine which is operated by Mutapa Mining and Processing LDA (MMP).Empress Royalty shares advanced on the news, rising 4.6% or $0.01 to 22.5 cents. The shares are currently trading in a...Read More
The five-year agreement is for 7,000 tonnes per year of lithium carbonate from 2025, which is about 34% of the planned annual output during its first five years of production.Read More
The total package consists of a $116 million equity financing via a private placement with strategic investors at 80 cents per share from La Mancha Investments, Franco-Nevada and Eldorado Gold.Read More
Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesMusk used a conference call on Tesla's earnings to highlight lithium, a key element used in th...Read More