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
"The start of 2022 has been one of the most challenging periods experienced by the Company since the re-start of Proyecto Riotinto," Atalaya's CEO Alberto Lavandeira said. Atalaya declared commercial production at the operation in February 2016. "The extremely high electricity price, due to the record natural gas price in Europe, has also created inflationary pressures that have only bee...Read More
"Every good tree bringeth forth good fruit," says Matthew - "but a corrupt tree bringeth forth evil fruit."Today we lower our ax upon the root of America's corrupt money tree... and expose its evil fruit... the fiat dollar.You may be aware of the corruption. If you are a regular reader you are likely aware of the corruption.Yet a man must occasionally recall himself to obvious truths. The nose upo...Read More
Despite higher commodity prices, base metal miners are likely to take an earnings hit in the first quarter of the year, as volatile price actions continue in the wake of recent geo-political events, says CIBC Capital Markets.In a research note to clients, CIBC mining analyst Bryce Adams said that economic sanctions on Russia, owing to that country's invasion of Ukraine, are the main driver of thes...Read More
Following short on the release of a resource update that tops 3 million oz. gold across all categories on the flagship Douay project in Quebec, explorer Maple Gold Mines (TSXV: MGM; US-OTCQB) believes it is reaching critical mass as it looks to drill test other underexplored zones, president and CEO Matthew Hornor says (watch the attached video interview).The Douay project in the Abitibi Gold Belt...Read More
The First Nations of Marten Falls and Webequie have submitted the terms of reference for the proposed Northern Road Link, a piece of infrastructure that Ontario describes as the "final piece" needed to build an all-season road into the Ring of Fire. The road would link two other roads that are being advanced separately by each community - the Marten Falls access road and the Webequie supply road...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has updated the mineral resource for its Mitchell and East Mitchell deposits, incorporating results of drilling completed in 2021. The resource estimates will be used in a new preliminary feasibility study (PFS) on the KSM project, expected in June 2022, which will for the first time incorporate the East Mitchell deposit into KSM's mine plans.The Mitchell and Ea...Read More
Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) hasn't altered its 2022 production guidance of 460,000-490,000 oz. of gold untouched, despite reporting that higher-than-expected absenteeism due to the Covid-19 Omicron variant hit output in the first quarter. Gold production in the first three months of the year fell to 93,209 oz., from 111,742 oz. in the same period last year and from 122,582 ounces...Read More
Chile's crown as the world's largest producer of copper is at risk as the country's output continues to be lower than expected despite the billions of dollars invested in new projects in the past 18 years, BMO's Colin Hamilton warned on Thursday.The commodities analyst noted he had received several questions over the past week about the weakness in Chilean copper output year-to-date, as first quar...Read More
As the world transitions away from fossil fuels to electrified transportation systems and energy networks, new deposits of the minerals required for a low-carbon future will need to be discovered and developed. Here is a list of eight companies exploring for these minerals, which include lithium, cobalt, graphite, and nickel. ARGENTINA LITHIUM & ENERGY Argentina Lithium's Incahuasi project in th...Read More
Following short on the release of a resource update that tops 3 million oz. gold across all categories on the flagship Douay project in Quebec, explorer Maple Gold Mines (TSXV: MGM; US-OTCQB) believes it is reaching critical mass as it looks to drill test other underexplored zones, president and CEO Matthew Hornor says (watch the attached video interview).The Douay project in the Abitibi Gold Belt...Read More
There is nothing better at burying bad news than even worse news.A whole bunch of politicians are breathing a sigh of relief for just that reason.Remember when there was a lot of talk about tightening up insider trading rules for members of Congress, their families, and staff?They're pretty sure you don't. And from the look of how coverage has fallen out of news feeds, odds are good that a large m...Read More
March 31, 2022 / Usha Resources Ltd is pleased to announce that it has entered into a mineral property option agreement (theRead full newsRead More
TRU Precious Metals Corp. announces preliminary results of its Induced Polarization survey at the Company's flagship Golden Rose Project.Read full newsRead More
The military junta that took control of Guinea in September is heaping pressure on multinational miners to refine raw bauxite, a raw material used to make aluminium, to more advanced materials before export.In a recent research note released by CRU Group's senior analyst, Anthony Everiss, the junta has asked the companies to present the mines ministry with proposals by the end of May with a precis...Read More
Share this article VANCOUVER - Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] said its Nevada Gold Mines operation is investing in a 200-megawatt solar power plant designed to accelerate its decarbonization program by reducing greenhouse gas emissions. No cost details were revealed in Wednesday's press release.Nevada Gold Mines, established in July 2019, is owned 61.5% and operated by Barrick Gold. Newm...Read More
Lake Resources targeting 100ktpa lithium productionSPONSOREDlake resourcesAsante Gold poised for successful 2022SPONSOREDasante goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.West Africa an improved opportunitySPONSORED The sale equates to a price of $8.39 per share, a circa 9% premium to its trading price this week, with the buyer being an Eric Sprott-...Read More
The company shipped natural uranium concentrates to the Metropolis Works uranium conversion facility in Metropolis, Illinois for conversion into uranium hexafluoride which will be enriched and used asRead More
NGM is partnering with First Solar to manufacture the modules required to support the 200MW construction and expects to begin construction in the September quarter of 2022.Read More
The $4 billion first phase would install a 40 million tonnes per year operation, which could be expanded in year five to 80Mpty following an additional $3 billion investment.Read More
(IDEX Online) - Diamond manufacturers in India have cut their output, reduced working days from 12 hours to eight and are closing factories for two days a week as US sanctions on Russian diamonds begin to bite.The vast majority of the world's diamonds are cut and polished in Surat, but only about 10 per cent of Russia's diamond output is imported directly.Last week the US added Alrosa, t...Read More