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) - Demand for used Rolex and other high-end watches is "absolutely off the scale," with some prices almost doubling in a year.Experts say the pandemic and its travel restrictions have directed luxury spend away from vacations, and towards pricey timepieces.Pre-owned gold Rolex Cosmograph Daytonas (pictured) that were selling for $52,000 a year ago can now fetch $96,000.A used Rolex Mi...Read More
(IDEX Online) - Gemfields announced an all-time record from at its latest auction, with the sale of emeralds worth $42.3m.The London-based miner said it sold all of the 4.52m carats offered from the Kagem mine in Zambia, in which it holds a 75 per cent stake, at a record price of $9.37 per carat.The sale of rough emeralds was held in Jaipur, India from 15 March to 1 April 2022."Our most recent auc...Read More
The CDE, in suit D-15-2022, clams that extraction of water from the Monturaqui-Negrillar-Tilopozo aquifer has caused a greater decrease in water availability than that which can support the vegetationRead More
NV Gold Corporation (TSX-V:NVX)(OTCQB:NVGLF)(FRA:8NV) (Read full newsRead 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 opportunitySPONSOREDNoront shareholders were given the option to retain some of their shares, but given less than 20% elected to do so, Wyloo acquired 100%...Read More
Proceeds from the placement will be used for the development of iMetal's Gowganda West project, as well as development of the Kerrs gold deposit and for general working capital purposes, the firmRead 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 opportunitySPONSOREDInterest in the company has been growing since the stock was listed in Johannesburg and London in the middle of last year, a time when t...Read More
(IDEX Online) - The United States has announced further measures against Alrosa - but has not sanctioned diamonds mined in Russia but cut and polished elsewhere.Alrosa, one-third owned by the Russian government, has been placed on on the Specially Designated Nationals (SDN) list, blocking it from the US banking system and banning it from trade with individuals or companies in the USA."These sancti...Read More
The funding, spread over eight years and contained in Ottawa's national budget released on March 7, will primarily be available for critical minerals and metals, including lithium, copper, nickel and cobalt. "With unprecedented support and extensive measures, Budget 2022 will position Canada's minerals and metals industry for success as a partner in accomplishing Canada's goal of a greener fu...Read More
The Dominican Republic has completed a review of the location for a new tailings storage facility for Barrick Gold's (TSX: ABX; NYSE: GOLD) US$1.4 billion Pueblo Viejo gold mine expansion project that will extend production at the Tier One asset beyond 2040.The world's second-largest gold producer had warned last year that production at the mine would have to end in 2030 without a new mining waste...Read More
Australian billionaire Andrew Forrest's Wyloo Metals has completed the acquisition of Noront Resources almost a year after placing its initial offer to buy the company and edging out the world's largest miner, BHP (NYSE: BHP; LSE: BHP; ASX: BHP), in a takeover battle that lasted for months. Wyloo Metals acquired all of Noront's common shares that it did not already own on Apr. 7, following a sh...Read More
A little more than nine months following its initial public offering (IPO), U.S.-focused junior Bradda Head Lithium (AIM: BHL, US-OTCQB: BHLIF) shares continue to fly high following the 65% resource growth at its Basin East lithium project in Arizona.With rising lithium prices, Bradda Head shares trading in London have tripled in value and continues to trade at a relatively high level on heightene...Read More
Pure Gold Mining (TSXV: PGM; LSE: PUR) has been named in a civil claim in the British Columbia Supreme Court for allegedly failing to disclose information relating to its operations at its underground mine in Red Lake, Ont. The company said in a statement on Apr. 7 that it had learned of the civil claim and described the complaint as "unfounded and without merit." Pure Gold says it intends to...Read More
The Chilean government of President Gabriel Boric is suing mines operated by giants BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO) over alleged environmental damage caused in the northern Salar de Atacama salt flats, the world's driest place on earth.The State Defense Council's (CDE) legal action singles out BHP's Escondida, the world's largest copper mine, Antofagasta and Bar...Read More
Alrosa (MCX: ALRS), the world's top diamond producer by output, has been hit by fresh sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).The OFAC announced late on Thursday it had placed Alrosa on the Specially Designated Nationals (SDN) list, which effectively kicks a sanctioned company out of the U.S. banking system and bans its trade with Americ...Read More
A little more than nine months following its initial public offering (IPO), U.S.-focused junior Bradda Head Lithium (AIM: BHL, US-OTCQB: BHLIF) shares continue to fly high following the 65% resource growth at its Basin East lithium project in Arizona.With rising lithium prices, Bradda Head shares trading in London have tripled in value and continues to trade at a relatively high level on heightene...Read More
A few weeks ago I wrote about the Fed and interest rates.My thesis was that the Fed wouldn't undermine the economic recovery it's sowed over the past two years by overcorrecting for inflation.But some of the rhetoric I've seen these past few weeks has me second-guessing that position.To wit, here's recent quote from Fed Chair Jerome Powell:The labor market is very strong, and inflation is much too...Read More
I'm now looking again at the polls of Biden's popularity. They are shocking, even devastating.We are looking at nearly a 12-point split between approval and disapproval. I'm assuming that the reality is much worse, given that everyone knows what one is supposed to tell the pollsters. They are not looking for disapproval. They are looking for compliance. That so many are willing just to say what th...Read More
Share this article VANCOUVER - Forum Energy Metals Corp. [FMC-TSXV; FDCFF-OTCQB; F3E-FSE] reported drill results at its 100%-owned Love Lake nickel-copper-palladium project in northeastern Saskatchewan. The Love Lake layered mafic complex is located approximately 100 kilometre east of Cameco's Key lake uranium mill along Highway 905 to the Rabbit Lake/ McClean Lake uranium mills. Forum completed...Read More
Kinross in a statement today said it had budgeted around US$60 million for this year to start field work at its newly acquired Great Bear project, which fittingly is in an Ontario municipality calledRead More