News and Reports

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

These 20 analysts forecast gold price above $1,400 in 2019

February 18, 2019 /

The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold rea...Read More

Fire shuts down Vale's Malaysia distribution center

February 15, 2019 /

Iron ore mining giant Vale (NYSE:VALE) issued a statement Friday advising that there was a fire in one of the transfer houses of the belt conveyor system at its distribution center in Malaysia.The fire reportedly caused material damage only and the company expects operations to resume in 10 to 15 days.Vale expects reduced impact on its shipments, since a 10-day preventive maintenance was alr...Read More

"We're here to reprivatise Vale"

February 14, 2019 /

Senior government official, privatisation secretary Salim Mattar, made the comments at an event in Brazil on Wednesday, Bloomberg reported. "Vale is a state company. Pension funds controlled by the government control Vale," he said."We're here to reprivatise Vale."Shares in the company had lost a third of their value in late January, dropping from BRL56.15 to 42.74, in the wake of the fatal C&oacu...Read More

Iron ore prices reach almost two-year high

February 06, 2019 /

Iron ore prices reached an almost two-year high on Tuesday, following January's fatal tailings dam breach in Brazil at Vale's C??rrego do Feij??o mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since March 2017, according to S&P Global Platts.Also on Tuesday, Vale declared force majeure on some of its iron ore contracts after a court-ordered halt to a mi...Read More

Atlantic confirms gold extensions at Cochrane Hill

February 06, 2019 /

Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) says recently completed diamond drilling at its Cochrane Hill gold deposit in Nova Scotia is confirming mineralization extensions initially defined in its 2018 phase three resource definition drill program.Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold from 227 metres downhole including 1 metre at 466...Read More

MMSA awards gold medal to Pierre Lassonde

February 04, 2019 /

The Mining and Metallurgical Society of America has chosen to award its 2019 gold medal to Pierre Lassonde, chairman of Toronto-based Franco-Nevada Mining.Lassonde is recognized for his leadership as a mining executive for a major mining company, as a founder of the largest natural resources royalty company, a mining financier, and a business innovator. He is also notable for his philanthropic con...Read More

Newmont Mining Corp. looks to regain crown as world's largest gold producer

February 03, 2019 /

Newmont Mining Corp. should regain its crown as the world's biggest gold producer once it completes its $10 billion acquisition of Canada's Goldcorp later this year.Read full newsRead More

Gold miners get their mojo back as giant deals revive allure

February 03, 2019 /

After years on the sidelines, gold producers are suddenly the mining world's hottest topic as the industry gathers in Cape Town this week.For more than half a decade, gold miners have been stuck in the doldrums, shunned by investors following a string of missteps and bogged down by a stagnant bullion price. Then, in September, a surprise mega-deal turned the industry on its head.Barrick Gold Corp....Read More

Mining vs the environment: The battle over Armenia's Amulsar gold mine

February 03, 2019 /

Why are Armenians fighting over the controversial Amulsar gold mining project and how does it affect the country's new government?Read full newsRead More

Moody's weighs in on Vale dam disaster

January 31, 2019 /

Potential liabilities from the collapse of a tailings dam at Vale's Feijao iron ore mine in Brazil that has left at least 99 people dead and another 250 people missing has resulted in Moody's Investors Service placing the company's senior unsecured ratings on review for downgrade, along with the ratings on debt issues of Vale Overseas Ltd. and the senior unsecured ratings of Vale Canada Ltd."Altho...Read More

Brazil mine disaster prompts Bolsonaro rethink on environment

January 29, 2019 /

On the campaign trail, presidential candidate Jair Bolsonaro attacked Brazil's environmental agencies and promised a bonfire of red tape. In office, a catastrophic mining accident is causing a sudden rethink.What we need at this moment is to join forces to create regulation that ensures - first of all - that best dam practices are implemented, and economic questions remain in second placeJust thre...Read More

Slow growth for Europe's mining sector - report

January 25, 2019 /

European miners will maintain their position at the forefront of integrating technology, particularly in more developed markets, due to a highly skilled workforce and high levels of connectivity among the more developed economies, a regional overview published by Fitch Solutions reports. On a more sombre note, analysts predict high costs, a weak project pipeline and conservative company strate...Read More

January 25, 2019 /

New Caledonia's SLN nickel company says this month's strike has created a serious situation for the already troubled business.Read full newsRead More

Why British Columbia is missing the low-carbon economy bonanza

January 22, 2019 /

A global energy transition that's already underway would be good for B.C.'s exploration and mining industry.The province, after all, is geologically blessed with an abundance of many of the raw materials needed for wind turbines, solar power and electric vehicles.But the opportunity posed by decarbonization and the low-carbon economy is a boat that B.C. has already missed, according to one metals...Read More

Atlantic confirms extensions at Fifteen Mile Stream and Cochrane Hill deposits

January 21, 2019 /

NOVA SCOTIA - Vancouver-based Atlantic Gold Corp. confirms that recent diamond drilling has confirmed mineralized extensions at both the Fifteen Mile Stream project and the Cochrane Hill project.At Fifteen Mile Stream, located 57 km from the central mill at the Moose River Consolidated gold mine, Atlantic drilled 11,385 metres in 69 holes. The best results were 4.31 g/t gold over 9 metres, 3.24 g/...Read More

Mining the Americas in 2019 - a forecast

January 16, 2019 /

Analysts at Fitch Solutions are feeling bullish from spot levels on nickel, lead, copper, tin and gold over 2019, but are bearish on iron and coal, according to new reports on mining the Americas.The outlook for Americas mining remains positive over the coming years, but miners will face challenges from tension over water usage from local communities if El Ni??o strikes and political uncertainty s...Read More

Newmont Nabs Goldcorp in $10 Billion Gold Mining Takeover

January 15, 2019 /

Newmont Mining says it has agreed an all-share takeover of Goldcorp that values its Canadian rival at around $10 billion.Read full newsRead More

Newmont to buy Goldcorp for US$10B

January 15, 2019 /

Newmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced Jan. 14, 2019.Newmont Goldcorp will be the world's largest gold company by gold production, free cash flow and enterprise value, defined as market capitalization plus net debt.In 2017, the two companies produc...Read More

Tanzania fines Acacia Mining for breaching environmental rules

January 14, 2019 /

Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143) over allegations of breaching environmental regulationsRead full newsRead More

Franco-Nevada chair: Gold mining sector will see more mergers in 2019

January 08, 2019 /

Pierre Lassonde, chairman of Franco-Nevada, joins BNN Bloomberg to discuss why he believes 2019 will be a favorable year for gold. He also discusses his concerns about mining activity slowly moving away from Canada.Read full newsRead More

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