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
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has lowered its silver and gold production targets for the second time this year as costs related to ventilation upgrades at its La Colorada mine in Mexico and labour shortages weighed on profits in the September quarter.The company came out with quarterly earnings of $0.18 per share, missing investors estimates of $0.35 per share. This compares to ear...Read More
Canada's efforts to help developing nations transition away from coal won't pay off unless the countries create policies that encourage its industries to make that shift, researchers said.At the recent United Nations COP26 in Glasgow, Canada said it would phase out its thermal coal exports by 2030 and pay $1 billion to developing nations that depend on coal for nearly half of their electricity con...Read More
The global mining industry may need to nearly double its annual capital expenditure (capex) if the world is to cut its climate-changing carbon pollution to net zero by 2050, according to a new study released by BofA Global Research, a unit of the Bank of America.To meet the demand and prevent bottlenecks to net zero, the global mining sector needs to spend an additional US$72 billion annually till...Read More
Greenland's parliament has passed a bill to ban uranium mining and exploration in the Danish territory, effectively blocking the development of the vast Kvanefjeld rare earths project, one of the world's biggest.The project was being developed by Australia's Greenland Minerals (ASX: GGG). It was granted preliminary approval in 2020 and was on track to gain the previous government's final endorseme...Read More
Forty percent of all the cargo into the United States comes through the ports of Los Angeles and Long Beach. Offshore, there are thousands of containers stacked up on vessels waiting to get in. How many containers can the ports unload on a normal day?New containers are coming in. There are daily arrivals. When will that supply chain backlog clear?The answer is never. If there are more coming in th...Read More
Well, 2021 was a roller-coaster year for gold.The price of gold kicked off 2021 with a strong start, trading over $1,950 an ounce. But it was a fast downhill slide from there.In the first quarter gold prices shed almost 10%, dipping below $1,700. It was the worst first quarter for gold since 2016. And one of the worst of all time.Then in the second quarter, gold rallied, reaching over $1,900/ounce...Read More
American Eagle Gold Corp. is pleased to announce that its drillRead full newsRead More
S&P releases average consensus forecasts from 38 different brokers each month. The biggest cut to expectations was for uranium. As of October 29, forecast uranium prices for 2022 were down 7.Read More
Share this article VANCOUVER - Mountain Province Diamonds Inc. [MPVD-TSX, NYSE] on Tuesday said mining industry veteran Mark Wall has been named President and CEO of the company, effective on November 15, 2021.He replaces Stuart Brown, who stepped down from the position last month.Most recently, Wall was CEO of Streamers Gold Mining, a subsidiary of Shandong Gold Mining, which was set to acquire...Read More
Share this article VANCOUVER - P2 Gold Inc. [PGLD-TSXV; CTIMF-OTC] reported results from the first 12 reverse circulation (RC) drill holes (GBR-001 to 012) of Phase 1 drilling at its Gabbs project located on the Walker-Lane trend in Nevada.Joe Ovsenek, president and CEO, said, "As anticipated, the first 12 reverse circulation drill holes support our thesis that the historical drilling understated...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningAn open pit and underground mining operation would produce 533 million pounds copper, 841Mlb zinc, 10.6 million...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe project would yield an after tax net present value of US$244.9 million at a 5% discount rate and an internal...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe maiden indicated and inferred pit-constrained resource for the Gonneville deposit is 330 million tonnes at 0...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningUranium One is the world's fourth largest uranium producer, part of Russia's State Atomic Energy Corporation, Ro...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningRoyal Bafokeng on October 27 announced its support for a takeover deal from Implats.Read More
Pretium owns the high-grade Brucejack gold operation in British Columbia, Canada. Under the deal, Pretium shareholders can choose to receive C$18.50 per share in cash or 0.Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningS&P releases average consensus forecasts from 38 different brokers each month. The biggest cut to expectatio...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningIt may come as a surprise to some that Brazilian diversified mining giant Vale was the trust's top investment pi...Read More
(IDEX Online) - Lucapa says it has recovered 13 diamonds - eight of them Type IIa - from bulk sampling at Lulo, in Angola.The Australian miner describes results from initial processing as "positive and significant". It says the L028 kimberlite being explored is adjacent to alluvial Mining Block 46, known for its high-value Type IIa and fancy colored diamonds.The 13 stones recovered from L028...Read More
(IDEX Online) - Police have released CCTV images of a suspect who placed a fake bomb in the doorway of a jewelry store, with a note demanding cash and jewelry.He prompted a full-scale alert at Sergio's Fine Jewelers, in Ellicott City, Maryland, USA.Police deployed drones, sniffer dogs, and a bomb robot before establishing for certain that the device, inside a box, was not genuine. The en...Read More