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 year could prove to be a tipping point for lab growns, say IDEX Online's expert analysts in their new 2021 Pipeline report.The industry enjoyed a "dream year", but the mined sector lost a potential revenue of $20bn to lab growns, they say.Sanctions on Russian rough - around 30 per cent of global supply - could now force high-end jewelers to start using lab growns in their...Read More
(IDEX Online) - Chow Tai Fook today reported a 41 per cent increase in revenue, despite ongoing Covid lockdowns and their impact on sales.China's biggest jewelry retailer said earnings for the year to 31March 2022 were HK$98.9bn (US$12.6bn) and gross profit was up by 11.3 per cent to HK$22.3 (US$2.8bn).Despite "the lingering effects of the pandemic and global economic uncertainties," the reta...Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningAs part of the company's support for the transition to a more sustainable world, Vale plans to acquire minority stakes in startups focused on decarbonisati...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has announced a US$10-million investment in Nano One Materials (TSX: NANO), a technology company with a patented process for production of cathode materials used in lithium ion batteries. Under the agreement, Nano One will issue 4.6 million common shares or about 4.9% of the company's issued and outstanding shares to Rio Tinto for its investment. The d...Read More
Vale, the world's top nickel and iron ore producer, has completed a prefeasibility study for its proposed nickel sulphate facility in B?(C)cancour Que., the company said on June 9. The facility is expected to process 25,000 tonnes of nickel into nickel sulphate annually to supply the lithium-ion battery market for electric vehicles. The project's final investment decision and schedule, however, w...Read More
Anglo American (LSE: AAL) has agreed to a US$100 million, 10-year loan from the International Finance Corporation in what is understood to be the mining industry's first known sustainability-linked financing focusing exclusively on social development indicators.Anglo American will use the funding to build its so-called Sustainable Mining Plan further. The initiative aims to support community devel...Read More
My first half century on this planet was filled with the great joy, and occasional terror, of having a Scottish mother. Gladys brought to Canada an arsenal of words and phrases that explored gradations of foolishness, from "numpty" to "daft." Once, when the vice-principal sent home a letter asking my mother to explain my recent absence - I'd skipped school with friends to watch our high-school bas...Read More
E3 Lithium (TSXV: ETMC; OTC: EEMMF) has been granted a licence for the first brine production well in Alberta. The well will be drilled in the company's Clearwater project area, east of the Town of Olds, for the purpose of evaluating its lithium resource. Drilling is expected to begin before the end of this month, and is targeted for completion by mid-July.According to E3, an innovator of the dire...Read More
In recent years the uptick in the price of precious metals, particularly gold, has reinforced their reputation as a store of value and leading drivers of mining activity around the world. Here are eight companies exploring and developing precious metal projects.CLEAN AIR METALSClean Air's Thunder Bay North site in Ontario. Credit: Ethan Beardy, Clean Air MetalsCanadian explorer Clean Air Metals...Read More
When investing in any mining company, there is a specific type of high-level stock of which you should be aware. Dividend paying stocks can significantly increase your return on investment while also providing you with a source of recurring revenue. However, it's important that you understand how to...Read full newsRead More
Seahawks safety Jamal Adams meets with the Seattle media during minicamp, discussing how he's dealt with injuries, him overcoming adversity, and more.Subscri...Read full newsRead More
GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has published its second annual ESG report entitled "2021 Sustainability Report" which is available on its website at www.gcm-mining.com.Lombardo Paredes, Chief Executive Officer of GCM Mining, commenti...Read full newsRead More
"We believe Search is well positioned to attract strategic partners and investment as we move forward with the next steps of development including completing a bankable feasibility study andRead More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningThe interest is due to the South American nation's potential to host large porphyry copper-gold, volcanic massive sulphide (VMS) and other types of deposit...Read More
Total project capital costs included in the preliminary economic assessment (PEA) are estimated to be US$1.Read More
The corporate bonds will pay a semi-annual coupon linked to the copper price with a minimum of 7.5% per annum at a $3.60/lb or lower copper price and a maximum of 20% per annum at a $11.Read More
The firm sold 5.3 million shares of Perpetua on New York and other exchanges, accounting for all of its previously 8.5% stake in the firm.Read More
US Department of Energy officials have met with key congressional staff, where they said such funding is urgently needed, Bloomberg reported.Read More
(IDEX Online) - Sanction-hit Alrosa is expected to make no dividend payment to shareholders for the second half of last year, citing the need to "maintain sustainability of its operations".The miner, a third owned by the Russian government, today announced that its supervisory board was recommending the move.In 1H 2021, Alrosa paid out just over $1bn (RUB64.7bn) to shareholders, more than 70% of t...Read More
(IDEX Online) - Bank of America is forecasting a 15 per cent increase in diamond prices this year, amid the ongoing squeeze on supplies.It says supply of diamonds is now the lowest since the Great Financial Crisis of 2008. And the US currently accounts for a half of global demand, says the bank, one of the world's largest financial institutions.Sanctions on Russia, over its invasion of Ukrain...Read More