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
Palmer's speech covered ESG touchstones including decarbonisation, sexual harassment and the need for better relationships with communities, within a broad message that, "to stay relevant, we must look beyond what we produce and focus on how we produce these materials," he saidHe stressed that as the leading gold producer, Newmont has, "a tremendous opportunity to be a catalyst for sustainable dev...Read More
Wrapping up a speech at the Port of Los Angeles, President Joe Biden took a swing at oil companies on Friday, blaming them for not doing enough to keep oil prices low.Biden was asked specifically about ExxonMobil. The President replied, "We're going to make sure that everybody knows Exxon's profits. Why don't you tell them what Exxon's profits were this year - this quarter? Exxon made more money t...Read More
The key investment bankers behind the merger and acquisitions flow used an event at the PDAC conference in Toronto to reassure that merger and acquisition activity is likely to continue despite aRead More
Share this article VANCOUVER - E2Gold Inc. [ETU-TSXV] is set to launch an initial drill program on its Band-Ore project in northwestern Ontario. The company said the 1,000-metre drill program will test historic resources and a geophysical anomaly.Periodic exploration over the last 90 years, including that by Noranda Mines, has produced highly encouraging rock sample assays, and drill hole trenc...Read More
Billed as Pieces of Eight, featuring eight panelists, the overriding message was that better days for precious metals investors will come, with the caveat, "for those who have the patience.Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesGiglio said that the company has re-explored historically explored areas with different geological and exploratory...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe key investment bankers behind the merger and acquisitions flow used an event at the PDAC conference in Toronto...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesUnder the terms of the merger, each Altus shareholder will receive 0.5940 new Elemental shares for each share held....Read More
The cash offer is part of the firm's plans to reduce its US$7.6 billion of debt and follows strong flows from the company's coal, zinc and copper operations.Read More
Toronto-listed B2Gold is deepening its resource print in Mali after it moved last month to buy Australian-listed Oklo Resources for A$91.Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesFlooding in the region began on June 13, triggered by a warm spell of weather, and rapid snow melt in mountains, ex...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesBeijing-based MMG suspended operations in April after huge protests by indigenous communities with some activists i...Read More
(IDEX Online) - A flawless 103.49-ct diamond sold for over $20m at Christie's New York, beating its high estimate of $18m.The Light of Africa Diamond (pictured) is a D-color, Type IIa emerald-cut stone, from the iconic Cullinan mine, in South Africa.It was cut and polished in South Africa from a 299.3 carat rough stone, which was sold to Stargems DMCC, Dubai-based arm of the Antwerp diamond s...Read More
(IDEX Online) - Celebrity jeweler De Grisogono, which filed for bankruptcy in 2020, has been bought for an undisclosed sum by the Dubai-based Damac Group.De Grisogono was known for its close links with Hollywood actress Natalie Portman and supermodel Naomi Campbell, as well as its Creation I necklace, featuring the the largest D/IF diamond in the world (pictured), which sold for $33.7m at Christie...Read More
(IDEX Online) - The Dubai Diamond Exchange (DDE) says it is poised to become the world's largest hub for both rough and polished gems, as it reported over $11bn of trade in the first quarter of 2022.In February it announced it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021.And with over $4bn of polished trade in Q1 2022 - a year-on-year rise of...Read More
Geoscience BC has successfully demonstrated how an ordinary brewery and greenhouse gas meter can aid in finding new mineralized deposits.The organization said on June 14, the made-in-British-Columbia device was tested at the Mount Milligan copper-gold mine located between Fort St. James and Mackenzie.The device measures oxygen and carbon dioxide concentrations in soil (soil-gas) in real-time, indi...Read More
If gold companies want to survive the future of mining, which will entail low-grade ores and the required responses to climate change, they will need to consolidate, said Newmont (NYSE: NEM, TSX: NGT) CEO Tom Palmer, during his keynote speech on the second day of PDAC 2022 in Toronto. According to Palmer, miners are identifying fewer "large scale and transformative" gold deposits that are harder...Read More
Just ahead of a runoff presidential election in Colombia that will determine current president Iv??n Duque's successor, The Northern Miner caught up with the country's Minister of Mines and Energy, Diego Mesa Puyo at the Prospectors and Developers Association of Canada (PDAC) convention on June 13 in Toronto. Colombia has been trying to diversify its mining sector away from thermal coal, and Mesa...Read More
This week's episode features former Ontario Securities Commission chair and CEO Maureen Jensen in conversation with Northern Miner senior reporter Henry Lazenby at the Global Mining Symposium. Maureen discusses the shortage of millennial talent in the mining industry, the challenge of reaching net-zero by 2030, prospects for war and instability, and the importance of avoiding politics in the board...Read More
Canada's Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) have reached a preliminary investment protection agreement (IPA) with Ecuador's government for their Curipamba-El Domo copper and gold project.As part of the deal, the partners have committed to investing US$270 million over the next 12 years in the project. The figure doesn't include the US$50 million both miners have inv...Read More