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) - Three illegal diamond miners died and 10 were rescued when a tunnel collapsed in Northern Cape, South Africa.It happened at the Nuttaboy Mine, at Kliensee, an area known for illegal underground mining.Last October four miners died at the same mine, when a shaft collapsed, trapping others 1,000 meters underground.And in 2012 a tunnel collapsed at the nearby Bontekoe mine, killing 10...Read More
Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDReports covering March quarter production, scheduled to start flowing this week, might throw fresh light on the size of the challenge confrontin...Read More
Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDAt 3am (Chihuahua time) on April 15, a group of armed intruders entered the mine, locked the staff in a sea container, and made off with around...Read More
Element 29 Resources (TSXV: ECU; US-OTC: EMTRF)?EUR?has announced results from two of 11 holes it's drilling this year to verify historical resources at its Flor de Cobre copper project in southern Peru . Highlights from the program included 349 metres grading 0.77% copper, 0.006% molybdenum and 1.7 parts per million (ppm) silver starting from 78 metres in drillhole FDC001; and 378.6 metres g...Read More
Sixty North Gold Mining's (CSE: SXTY) proposed accelerated earn-in of the past-producing Mon gold mine in Northwest Territories has been approved by the project holder New Discovery Mines, which will convert its direct interest in the property into a participating interest in Sixty North.Located 40 km north of Yellowknife, the Mon property has produced over 15,000 tonnes of ore to depths of 15 met...Read More
This week's episode features an in-depth look at the top 10 mining companies by market capitalization. We examine the stock prices, charts, P/E ratios and dividends, and speculate on the large divergences between company valuations. We also take a look at this week's big stories and the latest metal prices.Read the full article on the Top 50 mining companies by market cap here: https://www.mining....Read More
Shares of Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) reached their highest price in five years as the company released partial assay results from its first diamond drill hole at the Mocoa porphyry copper deposit in Putumayo, Colombia, since acquiring it in 2018. Highlights from drill hole MD-043 included 30.6 metres grading 1.3% copper starting from 265.31 metres depth and 28.5 metres gradin...Read More
Canterra Minerals (TSXV: CTM; OTC: CTMCF) has received results of a 4,200-metre diamond drill program completed in December 2021 at its wholly owned Wilding gold project. An additional 4,000-metre campaign has since begun and is still underway.A total of 19 holes were drilled as part of the 2021 fall program, targeting the expansion of known gold mineralization in several zones, including Red Ochr...Read More
Mexico's lower house of Congress has passed an amendment to mining legislation that paves the way for the state to nationalize the country's lithium reserves.President Andr?(C)s Manuel L??pez Obrador's (AMLO) proposal was part of a constitutional energy overhaul rejected by lawmakers on Sunday. The amendment sought to tighten control of energy production by guaranteeing state-owned utility Comisi...Read More
The dollar price of gold is up about 2.7% in the past month, 8.4% in the past three months and 14% in the past year. That's not only a strong performance, but good evidence that the long 16-month dry spell from Oct. 1, 2020-Feb. 1, 2022, when gold traded in a range between $1,700 per ounce and $1,900 per ounce with very few exceptions, is also over.Gold has moved to higher ground in the $1,900-2,0...Read More
(IDEX Online) - Mountain Province reported a 15 per cent drop in production as it processed lower grade ore.But the Canadian miner said the discovery of kimberlite at its Gahcho Ku?? (C) mine (pictured) in a remote part of Northwestern Territories provided "significant opportunities for additional diamonds to be discovered".It recovered 1,185,156 carats in the first quarter of 2022, according to i...Read More
(IDEX Online) - African diamond miners are expected to reap the benefits of sanctions against Russia over its invasion of Ukraine.The US has outlawed trade with Alrosa and blocked the company from its banking system, though it has not imposed restrictions on Russian diamonds that are cut and polished elsewhere."Many diamond industry participants from cutters to polishers, traders, wholesalers will...Read More
Mountain Province Diamonds (TSX: MPVD, US-OTC: MPVD) has reported a 15% year-on-year decrease in first quarter production at its 49%-owned Gahcho Ku?(C) diamond mine, located in the Northwest Territories. While tonnage was up - the operation mined 1 million tonnes of ore in the most recent quarter, a 98% increase compared to last year's 515,000 tonnes - grades were down 25% year-on-year at 1.68...Read More
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has posted an updated resource estimate for the Warintza Central deposit at its Warintza copper project in southeastern Ecuador that has expanded inferred tonnage by seven times, includes a first-ever indicated resource, and has also outlined a potential starter pit. The property now has indicated resources of 579 million tonnes grading 0.47% copper,...Read More
Nevada King Gold (TSXV: NKG; OTC: NKGFF) is increasing its previously announced $6.8-million non-brokered private placement to $11.3 million through the issuance of 25 million common shares priced at 45 ? each.The lead order will come from the company's CEO, Collin Kettell, who intends to subscribe for 10 million shares for a total of $4.5 million. Participation by management and insiders is expe...Read More
Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) has ambitions to become a billion-dollar company, says Gordana Slepcev, the company's chief operating officer.The Canadian junior is exploring for graphite and lithium - critical materials needed for the global transition to a greener energy future. Both graphite and lithium are used in the lithium-ion batteries in electric vehicles (EVs) and are essential...Read More
Peru's Ministry of Environment and the southern Espinar province set up a dialogue process with the goal of finding solutions to the social and environmental problems locals say mining operations are causing in the area.In detail, the vice-minister of environment, Elizabeth Silvestre, met with the representatives from 11 farming communities that want to be included among those directly affected by...Read More
Upon closing, Nevada King will have working capital in excess of $23-million as it plans to exploration its land holdings along the Battle Mountain-Cortez Trend in Nevada with active exploration andRead More
Recent drill results have increased the Rangefront area to at least 500m by 1km with shallower mineralisation than at Black Pine, which hosts an oxide resource of 2.15 million ounces, and high-grade.Read More
By sending the bill, the president made good on his threat to do so if Congress rejected his planned reform of the electricity generation sector, which Congress duly did Sunday night.Read More