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
Canadian explorer Tier One Silver (TSXV: TSLVF; US-OTC: TSLVF) believes it is in the early stages of a new discovery in Peru.The Vancouver-headquartered junior recently completed the first ever drill program on its 100%-owned Curibaya silver-gold project in southwest Peru, about 48 km northeast of the provincial capital Tacna, close to the border with Chile.The drilling comprised 16 holes (5,347...Read More
A recent report by IDTechEx estimates that less than 8% of the global cobalt demand and 6% of the lithium demand will be supplied by recycled Li-ion batteries by 2030.According to the market analyst, a combined total of over 180,000 tonnes of lithium, cobalt, nickel, and manganese could be recovered by 2030 through Li-ion recycling, a value which is forecast to grow by approximately 10 times by 20...Read More
Dear Outsider,An unmistakable neon glow emanates from an abandoned storefront in Philadelphia's University City. As part of a massive real estate investment, Drexel University acquired an old Firestone car repair shop and turned it into a pop-up art gallery, complete with retro neon signs, some dating back to the 1950s. It gives students a glimpse into Philadelphia's past as they work toward a bet...Read More
Hedging is typically frowned upon by investors in gold miners on the grounds that people invest in gold and gold stocks because they believe the gold price will go higher, and so they want fullRead More
At one point, the 10,000 tonnes per year Ivan copper cathode plant was considered as a processing option for Marimaca's Marimaca copper project, but the growth in the scale of the deposit means theRead More
Citing data compiled by S&P Global Market Intelligence, Mazumdar observed that copper exploration budgets in Canada, the USA and Australia saw a significant increase in 2021 to some US$855 million of the $2.3 billion global spend, although the countries are not large copper producers.These three countries have historically attracted 30% of exploration spend, but this has now jumped to 40-45%."...Read More
Brazilian president Jair Bolsonaro has reiterated the need to allow mining in the nation's Indigenous territories to strengthen food security, as he expects Russia's ongoing invasion of Ukraine to increase the price of potassium.The far-right leader said that it was important for the country to not depend on foreign nations for commodities available in abundance in Brazil."With the Russia/Ukraine...Read More
From heading towards a more "diversified and less concentrated" supply chain of critical metals to the need for skilled people in the global mining industry, World Bank mining specialist Martin Lokanc believes that the world needs to take a number of crucial steps to successfully transition away from fossil fuels and meet its net-zero goals. Speaking at The Northern Miner's first Global Mining...Read More
Buenaventura (NYSE: BVN), Peru's largest publicly traded precious metals miner, will begin construction on its delayed San Gabriel gold-silver project in the country's southern region of Moquegua in 2023.The company had planned to start site works at the US$328 million project in the second half of 2021 but had to postpone the move and focus on reducing debt first.The needed cash injection came...Read More
Russia's Alrosa (MCX: ALRS), the world's top diamond miner by output, suspended on Friday its membership in the Natural Diamond Council (NDC), a market alliance of the world's leading producers of precious stones.The move comes only a day after the company, which was placed in the U.S. sanctions list, decided to step down from its position as vice chair of the Responsible Jewellery Council (RJC),...Read More
I would love nothing more than to sit here and enumerate to you all of the ways in which the war in Ukraine will affect the economy and your portfolio going forward.But I can't.No one can.And anyone who says otherwise is a liar.Remember, I was one of the few people who actually saw all of this coming.And I don't just mean two weeks ago, when I backed up Luke Burgess' call on triple-digit oil price...Read More
Rover Metals Corp. declared the acquisition of the Tobin Gold Project located in the Mt. Tobin range, present in northern Nevada. The Tobin Project is situated 77 km by road south of the city of Winnemucca, NV, and it is in the heart of a rich gold jurisdiction that has evidenced large consolidation in the last two years.Read full newsRead More
Brunswick Exploration Inc. (Read full newsRead More
It's been a wild ride, eh? Hold onto your butts, we're just getting started.There's a lot of talk about what investors are comfortable with when it comes to market volatility and churn.Even that is buried under the daily "market move" headlines.One day they claim investors seem to be okay with the myriad of risks in the market. The next is a massive sell-off.Risk on, risk off, then risk on with a...Read More
Share this article IHS Markit's forecast sees oil sands production at 3.6 million barrels per day in 2030, nearly 650,000 barrels per day more than in 2021Canada's oil sands sector is poised for a major environmental improvement within the next five years. According to analysis by consultancy IHS Markit, total oil sands greenhouse gas emissions are on track to start going down.This follows more t...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherJindalee was one of 84 companies to appear on stage at the annual RIU Explorers Conference in Fremantle in February.Read More
As more sanctions are put on Russia by NATO countries, we must look ahead to the economic consequences for the West when Putin responds. What will oil supplies along with severed supply chains look like for global economies when that happens? We will unpack these questions today...A wave of public support from around the world is encouraging Ukraine in its valiant resistance.Americans naturally sy...Read More
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note.Analyst Mike McGlone argues that should oil and gas prices continue to spike amid the increased geopolitical tension, it could very well be the catalyst for a global recession."The conflict is unique, but in 2008,...Read More
Kinross Gold (TSX: K; NYSE: KGC) has announced overnight that it will suspend all development work at its Udinsk gold project in Russia as international sanctions and legal restrictions intensify due to Russia's invasion of Ukraine.The company says it will also suspend operations at its Kupol mine, focusing on the safety and well-being of its more than 2,000 employees and recognizing its obligatio...Read More
Argonaut Gold (TSX: AR) has completed a bought deal private placement of 19.78 million flow-through common shares to raise total proceeds of $51.84 million.This amount includes the full exercise of an over-allotment option to purchase an additional 2.58 million shares (15% of the original amount, as announced in its press release on Feb. 14).The placement was conducted per the terms of an agree...Read More