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
Sydney, July 11, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Cobre Ltd (ASX:CBE) has started the next stage of drilling at the Ngami Copper Project (NCP) within the Kalahari Copper Belt (KCB), one of the most prospective copper belts in the world. Click hereFAR Ltd (ASX:FAR) has ap...Read More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
LEAD, S.D. - In a former gold mine a mile underground, inside a titanium tank filled with a rare liquified gas, scientists have begun the search for what so farRead full newsRead More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More
Share this article TORONTO - Royal Gold Inc. [RGLD-NASDAQ] has agreed to acquire Great Bear Royalties Corp. [GBRR-TSXV] in a $200 million all-cash transaction.Great Bear Royalties Corp is a precious metals royalty and streaming company. Its principal asset is a 2% net smelter royalty on Kinross Gold Corp.'s (K-TSX, KGC-NYSE) Great Bear project, which is located in the Red Lake Mining District of...Read More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdThe iconic Humber Bridge significant to Humberside regionSPONSOREDpensanaSirius was acquired by Anglo American...Read More
Gold Fields will revise its dividend policy to enable it to declare an interim and final dividend in respect of each financial year, based on 30-45% of normalised attributable earnings,Read More
Orla produced a record 25,672 ounces in the second quarter, keeping the firm on course to meet 2022 guidance of 90,000-100,000 ounces.Read More
The acquisition price represents a 43% premium over Great Royalties' 20-day volume weighted average trading price on the TSX Venture exchange up to and including July 8, and values Great BearRead More
The ambition was outlined by Barrick chief executive Mark Bristow on a visit to the firm's North Mara and Bulyanhulu operations in the east African country on July 10.Read More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdThe iconic Humber Bridge significant to Humberside regionSPONSOREDpensanaHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical minerals Both men exited their coveted...Read More
(IDEX Online) - A jewelry store employee was shot in the chest after confronting armed raiders in Illinois, USA.His condition was described by local media as critical but stable following the attack at Reichman Jewelers (pictured), in Oak Lawn.Police say three masked male black offenders entered the store, pulled out guns and disarmed the security guard, on 1 July.They then started smashing displa...Read More
(IDEX Online) - Swiss watchmaker Richard Mille has launched the world's thinnest mechanical watch.It has a profile of just 1.80mm, shaving 0.05mm - about the thickness of a human hair - off the previous record holder, Bulgari's Octo Finissimo Ultra.The Richard Mille RM UP-01 Ferrari Ultra-Thin is the culmination of countless prototypes and more than 6,000 hours of R&D and laboratory...Read More
A Reuters analysis of power demand data supplied to mine, which can be used as a close proxy of mining activity, shows that power use levels had returned to normal after a slump in power use from lateRead More
"After a period of considerable support from Power Metal Resources, we are now in a position to regain complete ownership of our crucial prospecting licences in the Kalahari Copper Belt and at Ditau. On completion of the transaction, Kavango will become one of the largest landholders for copper exploration in Botswana," Kavango's CEO Ben Turney said.The terms of the proposed agreement sees Kavango...Read More
Building a net-zero economy is critical, but using fossil fuels still will be necessary for decades to come, said Pierre Lassonde, co-founder of Franco-Nevada on June 8 in Toronto at the Mining Legends Speaker Series, organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals."[Oil and gas are] going to be with us for the next 100 years," Lassonde said at the...Read More
Leading precious metals streaming company Royal Gold (NASDAQ: RGLD) has signed a definitive agreement to acquire all of the issued and outstanding shares of Great Bear Royalties (TSXV: GBRR) for a cash consideration of $6.65 per share. The acquisition price represents a 43% premium to GBR's 20-day volume weighted average trading price on the TSX Venture Exchange up to and including July 8, valuing...Read More
Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company's latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nicke...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations about the planned US$6.7-billion takeover of Canada's Yamana Gold (TSX: YRI; NYSE: AUY) The merger, which would create the world's fourth-largest gold miner and is expected to surpass Agnico Eagle Mines (TSX:...Read More