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
(IDEX Online) - This is the dramatic moment when raiders armed with a sledgehammer smashed display cases at an international art fair in the Netherlands and fled with diamond jewelry.One shocked visitor at The European Fine Art Foundation (TEFAF) in Maastricht tried to grab a large vase of flowers to fend off the gang, but retreated when he was threatened with what appears to be a gun.Four gang me...Read More
(IDEX Online) - The growth in US sales of jewelry and watches levelled off again in May, back to March levels after something of a spike in April. The year-on-year increase for May was 10.5 per cent, almost on a par with the newly-adjusted figure of 10.3 per cent for March. April was 16.2 per cent. These figures are still healthy compared with 2019, for example, when there was negative y-o-y growt...Read More
The comment period will continue to September 13 from the original deadline of July 13 after feedback from stakeholders.Read More
Orea has also secured permission from the US Department of Treasury's Office of Foreign Assets Control (OFAC) to extend the deadline to wind down its joint venture to August 31 from an originallyRead More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesThe drilling will initially focus on the Pearl, Swan and Swan East gold-copper targets. The drilling will test targets identified by electromagnetic su...Read More
Look beyond market approach to project valuations: van ZylLeadershipOrexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesAsian Battery Metals AllianceSPONSOREDaranjin resourcesThe comment period will continue to September 13 from the original deadline of July 13 after feedback from stakeholders.Read More
Firms that are developing the state's nascent lithium sector near the Salton Sea area said it would delay or lead to the cancellation of projects in the state designed to supply battery metals toRead More
In the same way banks assess the credit worthiness of a customer, or the banks themselves are measured by government regulators, a mining stress test looks at what happens should prices fallRead More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesAt first blush, Peak has no obvious feature to distinguish it from the plethora of investment choices available to investors in the sector, including a...Read More
South Africa's Petra Diamonds (LSE: PDL) said Thursday it fetched US$93 million in its last sale of fiscal year 2022, as prices for its diamonds climbed 7.7% from the previous one.The results of the tender, the sixth one since July 2021, brought total sales for 2022 to US$584.5 million across Petra's mining operations."The Tender 6 results conclude a strong year for Petra's diamond sales both in t...Read More
Canada contains vast mineral resources and is considered a tier one mining jurisdiction with a skilled workforce and robust regulatory environment. Canadian mining companies are leaders in the exploration and production of a range of essential metals, including uranium, zinc, nickel, gold, copper, silver and lead. The following list presents the top ten Canadian-headquartered mining companies, ran...Read More
Think for a moment of other failed experiments in human history.One that comes to mind is the Bolshevik Revolution. Its leader, Vladimir Lenin, never really expected to take power, much less be put in charge of implementing the system he had spent a career promoting.He was asked to speak to what communism would mean. He fished around and came up with the idea of electrification of Russia.It didn't...Read More
Over the last decade Australia has emerged as a leading contender to challenge China's dominance of the rare earth elements (REE) market. Thanks in no small part to the development of the Mount Weld mine in Western Australia, the country now accounts for nearly 8% of global production. Today, however, another highly prospective REE district is emerging in the Gascoyne region of Western Australia,...Read More
Jerome Powell is a serial killer. Like Michael Myers or Jason Voorhees, he won't stop until every segment of the American economy is bloodied or buried.His latest victim?The American consumer.Indeed, U.S. consumer spending and retail sales are collapsing just like I said they would back in the spring. The government stimulus and the excess capital that helped drive the post-COVID spending reboun...Read More
The Ivittuut mine in Greenland has long been a strategic asset. It is the world's only source of mined cryolite - a flux used in the aluminum refining process. During the Second World War, US forces occupied the site to secure their own supply of this mineral that was crucial to the production of military aircraft. Now the mine's new owners, Australian firm Eclipse Metals, believe it could become...Read More
The deal starts in 2025 and covers up to 600,000 pounds of U3O8 based on market pricing with a floor price "that assures our costs of production are met in today's economic environment", the company said.The deal—which is with a US based nuclear power company, made following a site visit to the Texan operation—also includes an inflation adjusted ceiling price higher than the...Read More
Development and growth capex inflation, at around 40% annually, is as much as four times as operating costs inflation of around 6%-9%.Read More
ArcPacific said the mine had previously been incorrected plotted in the BC government's database and is "one of many" historic workings on the property.Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe deal starts in 2025 and covers up to 600,000 pounds of U3O8 based on mark...Read More
(IDEX Online) - David Gotlib is to replace Chaim Pluczenik as president of the Antwerp World Diamond Centre (AWDC), representing the interests of its 1,600 members. He will be assisted by Sahag Arslanian and Amish Jain, who were appointed as vice presidents. Mr Gotlib (pictured), of the IDRP Group, a third-generation diamantaire, said after his appointment: "Antwerp has again demonstrate...Read More