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
Nuton agreed to invest in a two-part transaction consisting of a private placement of 152,615 shares for $4 million, and the purchase of 232,000 shares owned by McEwen Mining, McEwen Copper's parentRead More
In a meeting on the sidelines of LME Week in London, the Minerals Security Partnership (MSP) held a principals' meeting.Read More
(IDEX Online) - The US could lift sanctions on the mining billionaire Dan Gertler, according to a Wall Street Journal report, to access "clean energy" supplies of cobalt and copper.Gertler, an Israeli citizen who first made his fortune in diamonds, had his US assets frozen in 2017 over allegations about his business activities in the Democratic Republic of Congo (DRC).The Treasury Department accus...Read More
Hancock now holds 404.3 million shares, increasing its stake from 16.7% to 18.4%. The amount spent on Liontown shares by Hancock since April is approaching $1.2 billion.Read More
The company reported assays from two diamond holes in the Plutus Northern Corridor, which forms part of the larger Plutus porphyry centre about 1km east of the Apollo porphyry system.Read More
Stocks are once again caught in a vicious chop this week as emerging geopolitical strife throws new wrenches into the market's gears.No, we're not tumbling into the abyss. In fact, I would characterize what we're seeing as a normal pullback. The averages marched off their lows and didn't look back during the entire first half of the year, with many stocks continuing higher into the late summer. It...Read More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedSubianto would also continue with Indonesia's neutral stance on the world stage and welcome business globally, he said.Read More
Its cash position has grown 72% since the start of the year, as gold production in the September quarter saw a 50% increase compared with the 49,081oz produced in the prior year period.Read More
The company's debt now comprises $206 million on its credit facility and $46 million of convertible notes, while its cash position is about $119 million.Read More
(IDEX Online) - Raiders fled a jewelry store in California, USA, after an employee fired a shot.Five hooded suspects used hammers to smash showcases at Prestige Jewelers, inside the Manhattan Village shopping mall at Manhattan Beach, on Friday (6 October)."An employee of the store responded by using a firearm to shoot towards the suspects," said local police."The suspects fled the store to awaitin...Read More
Today, with so much going on in the world, I'm writing about the 2024 presidential election. Why on earth would I write about the November 2024 election in October 2023?.Because this election is different. The election won't be decided in November 2024. It's being decided now.If you're an investor, you need to prepare accordingly.There are two events unfolding in front of our eyes. Democrats have...Read More
(IDEX Online) - An auction billed as the "world's first" of rough tourmaline - the brightly-colored gemstone - is to take place in Bangkok in November.Iridis, new owners of the Jagoda mine, in Zambia, says it will showcase the largest collection of exceptional pink, green, and bi-color tourmalines.It also says it's using the first-ever tourmaline grading system for prospective buye...Read More
The debt facility, secured through a first-ranking security interest over Terronera, is for an 8.Read More
Both gold and copper production are up year-on-year by 16% and 4%, respectively.Read More
(IDEX Online) - Tracr and Sarine are to collaborate on a traceability solution for diamonds entering the G7 nations.Tracr is the De Beers-owned company based in London that has developed what it describes as "the world's first fully distributed diamond blockchain platform".It is working with Sarine, the Israel-based diamond tech company behind the widely-used Diamond Journey traceability solu...Read More
Ahead of an analyst tour to the company's Pilbara iron ore operations, Rio said shipments for the September quarter were 83.9 million tonnes.Read More
Talbot gave notice in July following intermittent personal leaves that required extended absences from Brazil, Sigma said.Read More
Societe Congolaise pour le Traitement du Terril de Lubumbashi (STL) a unit of state-owned miner Gecamines, has begun operations at a hydrometallurgical plant processing tailings from the Big HillRead More
Armed criminal miners have undertaken repeated attacks since July with improvised explosive devices and gunfire against Zijin's operations to force their way into the Buritica mine to illegally mineRead More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedThe investment will be used to develop F3's Patterson Lake North (PLN) uranium project in Saskatchewan, where the miner discovered the JR Zone...Read More