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
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Roger was an experienced geologist, who brought his love of the subject to bear in his editing of t...Read More
Bolivia authorized several groups to take samples from its salars, or salt lakes, to develop pilot DLE projects capable of producing lithium-ion battery grade lithium hydroxide.Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The company said the board took the decision after completion of a feasibility study that suggested offer...Read More
Shares in the firm fell 10.7% or C$0.12 to C$1.00 on the Toronto Stock Exchange.Read More
Canada-based The Metals Company (TMC), which is aiming to develop deepsea polymetallic nodules in the Pacific Ocean, has successfully lowered its pilot nodule collector vehicle to the North Sea seabedRead More
EMX Royalty posted a loss of C$29.7 million for 2021, higher than the C$6 million loss made in the previous year. The loss included C$10.Read More
(IDEX Online) - The planet Mercury could be awash with diamonds, say experts.Their research suggests its heavily-cratered surface could be home to 16 quadrillion tons of diamonds.A quadrillion is a million billion - or one followed by 15 zeros. And that measurement is in tons, not carats.The research was presented at the Lunar and Planetary Science Conference (LPSC) in Houston, Texas, USA. Ke...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining That view was evident in comments made last week by the Governor of the Bank of England, Andrew Bailey, w...Read More
(IDEX Online) - Alrosa has quit the Responsible Jewellery Council (RJC).The move came days after the RJC's own executive director resigned in frustration that the miner - a third owned by the Russian government - had been allowed to remain as a member.Alrosa stood down as vice chair of the London-based watchdog shortly after Russia invaded Ukraine on 24 February, but did not suspend its membe...Read More
(IDEX Online) - Allegations of a $200m rough diamond and foreign exchange scam involving customs officers in Mumbai are being investigated by India's Directorate of Revenue Intelligence (DRI), the Free Press Journal reports.The Mumbai-based newspaper says the DRI stumbled upon corrupt "hawala" transactions - money transfer without money movement - allegedly carried out with the connivance of...Read More
(IDEX Online) - The IDEX Polished Price Index rose steeply over a couple of days early in March, but declined steadily day by day during the rest of the month. The initial leap outweighed subsequent losses, so the Index closed up 0.54 per cent on the start of the month, setting another decade-high record. But the trend since the 5th of the month has clearly been downwards...Read More
It followed seven weeks of negotiations and involves around 1,300 union employees at the copper complex which is near Salt Lake City.Read More
"Our updated mineral reserve estimate is an indication of Chelopech's consistent track record of replacing mineral reserves, and we believe there is strong potential to continue this trend," president and CEO of Dundee David Rae said. The new life-of-mine plan predicts gold production in 2022 of 171,000oz, which is up from the previous plan's 158,000oz. There has been little change to 2023 an...Read More
Ontario's strategic push to establish a fully integrated lithium-ion battery supply chain got a massive boost on Monday after Avalon Advanced Materials (TSX: AVL) reached an agreement with India-based Essar Group to fund and provide development support for a lithium refinery in Thunder Bay.Avalon and RenJoules International have partnered to co-develop a regional lithium battery materials supply c...Read More
The Toronto-quoted equity of Hemlo Explorers (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold (TSX: ABX; NYSE: GOLD) that will give Barrick a right to earn up to 80% of the Pic project in Ontario.Located 25 km west of Barrick's Hemlo mine, Barrick will have to deliver to Hemlo Explorers a pre-feasibility study within six...Read More
Lithion Recycling has received $22.5 million in funding from the Quebec government, including a $15 million equity investment in the company's capital stock through Investissement Qu?(C)bec and $7.5 million in grants from the Fonds d'?(C)lectrification et de changements climatiques.Lithion also received funds totalling $125 million earlier this year from Quebec-based Fondaction, and from Korea's I...Read More
Belmont Resources (TSXV: BEA) reported its longest intercept of copper mineralization to date from the ongoing 7,000-metre drill program at the Lone Star copper-gold project, operated by Marquee Resources (ASX: MQR). The project is situated in northern Washington state, near the Canada-U.S. border. The drill campaign is part of an option agreement that Belmont inked with Marquee in November,...Read More
Canada Nickel Co. (TSXV: CNC; OTC: CNIKF) has completed the current phase of drilling at its flagship Crawford nickel sulphide project in Ontario, and is reporting assay results from 33 drill holes, including additional assays from the previously announced East Zone high-grade core discovery. A further 37 holes have been drilled at Crawford, with assays pending.The East Zone was originally defined...Read More
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country's government, ending an almost year-long dispute over the asset.The deal, to be announced by Kyrgyz President Sadyr Japarov on national television, will see Centerra to transferring ownership of the mine...Read More
Inflation is not a guessing game anymore; it's here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face.The problem is that inflation cannot be isolated. It's not limited to what you pay to fill up your car, for example. Truckers have to pay the same higher prices for diesel fuel, which add to transportation co...Read More