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) - One of the world's largest yellow diamonds - weighing 205.7-ct and known as the Red Cross Diamond - is to be auctioned by Christie's London.The fancy intense yellow, cushion-shaped stone (pictured) has a pavilion distinctively faceted in the shape of a Maltese cross.The original rough gem was recovered by De Beers, in South Africa, in 1901 and was sold in 1918...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 opportunitySPONSOREDOpponents of the project filed a legal complaint in 2020 and the case was heard last year.Read More
Canadian potash upstart Gensource Potash Corporation (TSXV: GSP; AIM: GSP) has reached a binding agreement to buy the outstanding equity of Innovare Technologies, a privately-held developer of patented selective solution mining and brine processing technology to recover potash and other soluble minerals.The deal, which values Innovare at US$11.5 million, is a strategic initiative by Gensource to c...Read More
It is said that to produce any good, what cannot be grown must be mined. By this token, governments and the general public tend to conveniently forget that the energy revolution and, by extension, the global effort to reduce anthropogenic carbon emissions depend squarely on the abundant and reliable supply of critical metals mined from the ground. With the recent release of the Canadian federal g...Read More
Nevada Gold Mines (NGM) is investing in a 200-megawatt (MW) solar power plant designed to accelerate its decarbonization program, in line majority owner Barrick Gold's (NYSE: GOLD; TSX: ABX) Greenhouse Gas Reduction Roadmap.NGM has entered a partnership with Arizona-based First Solar to manufacture all modules required to support the 200 MW plant, entirely in the United States. NGM has already co...Read More
Constantine Metal Resources' (TSXV: CEM) flagship Palmer property in southeast Alaska has been given a budget of US$18 million for its upcoming work program. Palmer is an advanced stage copper-zinc-gold-silver exploration project with road access and located within 60 km of the deep sea port at Haines.The joint-venture project with Dowa Metals & Mining currently hosts resources at the Palmer and...Read More
In its first updated resource since 2021, Osino Resources (TSXV: OSI; US-OTC: OSIIF) has increased indicated resources for its Twin Hills gold project in central Namibia by more than four times. The additional ounces come from resource expansion in the Twin Hills Central, Bulge and Clouds areas, and delineation of additional resources from new areas. The project's indicated resource estimate n...Read More
Energy Fuels?EUR?(TSX: EFR; NYSE: UUUU) made three commercial shipments of uranium, vanadium and rare earth elements (REE) through its Utah-based White Mesa mill last week, a feat which the company described as rare and one that depicts its ability to become a "clean energy and critical mineral hub" in the United States. The company shipped natural uranium concentrates (U3O8) to the Metropolis Wo...Read More
U.S. miner Talon Metals (TSX: TLO; OTC: TLOFF) said on Wednesday it had bought three more drill rigs to expand exploration at its Tamarack nickel-copper-cobalt project in Minnesota, which already has among its clients electric vehicles (EV) giant Tesla (NASDAQ: TSLA).Talon currently holds a 51% interest in the Tamarack project, the only high-grade development-stage nickel project in the U.S. The r...Read More
(IDEX Online) - An extremely rare 8.82-ct fancy intense purple-pink diamond yesterday sold for $6,780,000 at Christie's New York.It was well above the pre-sale estimate of $4m to $6m.The pear modified brilliant-cut gem, known as the Fuchsia Rose diamond (pictured), was certified by GIA as "VVS1 clarity, potentially Internally Flawless, Type IIa" and was set with a pair of pear brilliant-cut d...Read More
What is money? Everyone thinks they know what money is, but the Fed doesn't even know what money is. They have three or more different definitions of money (M0, M1 and M2, etc.).For example, money includes cash and checking deposits. But then there's "near money," which includes such things as savings deposits and money market mutual funds. They can be converted into cash or checking deposits, so...Read More
I just received an order from Amazon for these two products.They come in identical packages.But inside these two boxes are very different things.Inside one of these small boxes is a dangerous, highly toxic substance that's estimated to kill 900,000 people every year.In the other is a harmless, non-toxic material which will act as the "glue" that holds together all future technologies.It's a materi...Read More
Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (theRead full newsRead More
Share this article VANCOUVER - Great Atlantic Resources Corp. [GR-TSXV; PH0-FSE] reported additional gold assays for the third drill hole (GP-21-151), and gold assays for the fourth hole (GP-21-152) and fifth to eighth holes (GP-21-154 to GP-21-156) of the 2021 diamond drilling program at its 100%-optioned Golden Promise gold property in central Newfoundland.Highlights from the recent gold assays...Read More
The company said the life-of-mine capital and operating costs are estimated to have increased by between 15% and 20% compared to the April 2021 feasibility study, in line with market trends.Read More
Josemaria hosts proven and probable mineral reserves of 6.7 billion pounds copper, 7 million ounces of gold and 30.7Moz of silver and is on track to be the next mine development in San Juan.Read More
Newmont announced in February that it will acquire the 43.65% interest held by Buenaventura for $300 million with contingent payments of up to $100 million tied to future increases in metal prices.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 opportunitySPONSOREDThe spotlight is on Britishvolt which is building a £4 billion gigafactory in the northeast of England to supply lithium-ion batte...Read More
(IDEX Online) - Jennifer Lopez is again engaged to actor Ben Affleck - and this time she has an 8.5-carat natural green cushion modified brilliant-cut diamond to prove it. Affleck, 49, first proposed in November 2002, when he presented singer-actress J.Lo, 52, with a Harry Winston 6.1-carat radiant-cut fancy intense pink diamond. They called off the engagement two years later. Fans are...Read More
(IDEX Online) - A legal case against Italian banks and diamond brokers has been delayed after a judge ruled it should take place in Trieste rather than Milan.UniCredit, Italy's second biggest bank, is among those alleged to have sold diamonds to clients for investment at vastly-inflated prices.The delayed prosecution could result in charges being dropped, as they are subject to a seven-year t...Read More