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
Alamos Gold's (TSX: AGI; NYSE: AGI) Island gold mine is expected to produce 287,000 oz. gold on average every year from 2026 onwards, which is 22% higher than the company's previous estimate made in 2020 and more than double its 2021 production, according to the miner's Phase 3+ expansion study. The latest study is an update to the Phase 3 expansion study released two years ago and outlines a "...Read More
Western Copper and Gold (TSX: WRN; NYSE: WRN) has shared the feasibility study on its flagship Casino deposit located 300 km northwest of Whitehorse, Yukon. The project is being developed as an open pit mine, with a concentrator processing 120,000 tonnes per day to recover copper, gold, molybdenum and silver, as well as a 25,000-tonne-per-day oxide heap leach facility to recover gold, silver and c...Read More
The USGS has deployed its scientific capabilities and high-tech tools in the global fight against illegal mining.The organization's scientists are playing a leading role in a project involving a collaboration between the U.S. Department of State, U.S. Agency for International Development, United Nations and other governmental and non-governmental organizations working to address conflict mining."U...Read More
This week's episode features the Prospector Portal Thought Leadership panel at the Global Mining Symposium, featuring moderator Emily King, founder, Prospector Portal; Belinda Labatte, CEO, Lomiko Metals; Nolan Peterson, CEO, World Copper; and Martin Turenne, CEO, FPX Nickel. The panel discussed how the mining industry should embrace a strong environmental message to attract talent and investment,...Read More
British Columbia's Britannia Mine Museum has launched a new summer exhibit that takes a nostalgic look back on the recreational activities and social gatherings that built resiliency in its two former remote mining communities; Mount Sheer Townsite and The Britannia Beach, which were isolated from the world and accessible only by boat. It was the late 1880s when prospectors from Texada Islan...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has released an updated preliminary feasibility study for its 100% owned KSM project located in northern B.C., considered to be one of the largest undeveloped gold projects in the world measured by reserves. The study was prepared by Tetra Tech, the same firm that authored the previous prefeasibility (2016).Compared to the 2016 version, the 2022 study shows a co...Read More
Shares in Ivanhoe Electric (TSX: IE; NYSE-AM), the latest endeavour of mining magnate Robert Friedland, were falling on their trading debut on Tuesday morning after the company raised as much as US$169 million in an initial public offering on Monday.The exploration and development company, which owns properties in Arizona and Utah, along with a battery storage business, sold on Monday almost 14.4...Read More
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has set a carbon capture utilization and storage (CCUS) pilot project at its metallurgical complex in southern British Columbia.The CCUS plant, which is expected to start operating in the second half of 2023, supports the firm's net-zero climate change strategy, Teck said. This includes the company's goal of re...Read More
As a lender to resource companies at the prefeasibility and later stages, Sprott Resource Lending routinely sees a "massive" range in the quality of work that mining companies perform on reserves and resources statements, said managing partner Jim Grosdanis, at the Mining Investment Event of the North conference in June. "While they might be at the [definitive feasibility study] stage... we woul...Read More
Shelter line stretchin' round the corner,Welcome to the new world order,Families sleepin' in their cars in the Southwest,No home no job no peace no rest.The highway is alive tonight,But nobody's kiddin' nobody about where it goes,I'm sittin' down here in the campfire light,Searchin' for the ghost of Tom Joad."The Ghost of Tom Joad" - Bruce SpringsteenDear Friend,...Read More
This week, the Cabinet will reveal its plans for two new nuclear power stations. Climate and Energy Minister Rob Jetten called the stations "a good addition to all sustainable techniques," according to the NOS.Read full newsRead More
"We are working with a local Alberta company, CWC Energy Services' drilling division, Ironhand, using a conventional oil and gas drill rig," E3 CEO Chris Doornbos said.Read More
Share this articleCALGARY - Global Helium Corp. (CSE: HECO) (OTC: HECOF) one of Canada's largest and most aggressive helium exploration and development companies, announced that it has increased its landholdings in Saskatchewan's famed "helium runway" by 13% to 1.7 million acres. The Company has simultaneously acquired a third helium property in Montana through a strategic State and freehold leas...Read More
Share this articleTORONTO - Toubani Resources, Inc. (formerly African Gold Group, Inc.) (TSX-V: TRE, FRA: 3A61) announced that in line with its corporate strategy and shareholders' approval, the Company completed its change of name to "Toubani Resources Inc." on June 15, 2022. Common shares of the Company began trading on the TSX Venture Exchange under the new trading symbol "TRE" at the opening...Read More
Share this article VANCOUVER - CanAlaska Uranium Ltd. [CVV-TSXV, CVVUF-OTCQB, DH7N-Frankfurt] said Monday it has launched a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Key Extension project near Saskatchewan's Athabasca Basin.CanAlaska shares advanced on the news, rising 4.7% or $0.015 to 33 cents on volume of 130,770. The shares are currently trading in a 52-w...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 study tested a 20-year operation producing an average of 7,800 tonnes per annum of...Read More
A coalition of Apaches and other Native peoples will appeal to the US Supreme Court a San Francisco Court of Appeals split ruling on June 24 that upheld legislation under the Obama Administration on aRead More
"Not only do we border New Found Gold, but our Goose property is approximately 1 km from their ‘Keats Zone' discovery making this one of, if not the closest projects to the discovery,"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 mines"We are working with a local Alberta company, CWC Energy Services' drilling division, I...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 drop from A$3.41 to A$2.Read More