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
Antipa demonstrates high CalibreSPONSOREDantipa mineralsGreat Panther Mining's Record Exploration Program Begins to Bear FruitSPONSOREDgreat pantherOzAurum drills in home of goldSPONSOREDozaurum resourcesFirefly shines as new era loomsSPONSOREDfirefly resourcesThe company said it expects to be able to fully-fund the project from cashflow, but the RCF will add strength to its balance sheet.Read More
Friends sometimes offer the old saying "May you live in interesting times." After taking a beat, they quickly add, "That's not a blessing, it's a curse."Of course, it's not intended as either; it's an ironic take on the news of the day. However intended, it's certainly true. We are living in most interesting times.And that's a challenge for investors. On the one hand, we can recite good news such...Read More
Space: the final frontier. These are the voyages of the starship Enterprise. Its five-year mission: to explore strange new worlds. To seek out new life and new civilizations. To boldly go where no man has gone before!Certainly the nerds out there are familiar with the famous tagline from Star Trek.I was always more of a Leonard Nemoy/Spock guy, but there is no arguing that William Shatner as Capta...Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesIt has already committed to net zero for scope 1 and 2 emissions by 2030.Read More
The big spike has come since December 2020 as prices surged 100% in market conditions that can only be described as a perfect storm.Read More
Share this article TORONTO - O2Gold Inc. [OTGO-TSXV] reported results from its continuing drill program that confirm the mineralized system of the main Aurora vein at depth located at its 30,000-hectarer property in Colombia.Drill hole AUR-21-002, located 100 metres north of hole AUR-21-001, intercepted the main Aurora vein and showed the following results: 0.7 metres of 19.26 g/t gold and 10.5...Read More
(IDEX Online) - A daytripper paid a $10 entry fee to dig for diamonds - and went home with a 4.38-ct yellow gem.Noreen Wredberg was enjoying a day out with husband Michael at the Crater of Diamonds State Park, near Murfreesboro, in Arkansas, USA."I didn't know it was a diamond then, but it was clean and shiny, so I picked it up," she said.Park superintendent Caleb Howell said: "It'...Read More
(IDEX Online) - Grading reports are now available for red gemstones marketed with the trade name Jedi spinels, after the Star Wars movies.The Bangkok-based Asian Institute of Gemological Sciences (AIGS) says it aims to standardize six key criteria - color, fluorescence, clarity, cut, brilliance, treatment and origin. Spinel are a magnesium/aluminium member of the cubic crystal system which oc...Read More
(IDEX Online) - A widow is devastated after a bank lost her safety deposit box, containing a pair of diamond Rolex watches, her great-grandmother's gold wedding jewelry and many other irreplaceable items.Audrey Lobo used to work at the branch of The Royal Bank of Scotland, in Aberdeen, Scotland, where she deposited the items for safe-keeping.She says the bank showed her somebody else's b...Read More
The mega-merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) unveiled to the market on September 28 "makes a lot of strategic sense" but is likely to be the last blockbuster M&A deal by a major in the Canadian mining sector, according to Haywood Securities mining analyst Kerry Smith."Most of the big deals are done," Smith says in an interview. "T...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has inked a deal to supply nickel sulphate from Western Australia to a battery-making joint venture between Toyota Motor and Panasonic called Prime Planet Energy & Solutions (PPES). The deal will expand BHP's footprint in the electric vehicle (EV) sector. The nickel sulphate will come from the miner's newly opened Kwinana plant, which is expected to produ...Read More
Barrick Gold's (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto gold complex in Mali is set to remain a major contributor to the African nation's economy well into the future as the company continues to replace the ore depleted by mining, according to president and CEO Mark Bristow.The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, owned 80% by Barrick, with the remaining 2...Read More
Group Ten Metals (TSXV: PGE; US-OTC: PGEZF) expects to publish its first resource estimate in the coming weeks for the Stillwater West platinum-group elements (PGE) plus gold, copper, nickel and cobalt project in Montana, U.S., president and CEO Michael Rowley tells The Northern Miner.Group Ten is the second-largest landholder in the Stillwater Complex, with a US$15 billion major, Sibanye-Stillwat...Read More
Equity Metals (TSXV: EQTY; US-OTC: EQMEF) is an exploration company with precious metal and diamond projects in B.C. and the Northwest Territories.The Canadian junior is focused on advancing its 100%-owned Silver Queen gold-silver-base metal project in central B.C., about 590 km northwest of Vancouver and 35 km south of the town of Houston.The 18,852-hectare property "offers excellent potential f...Read More
Antipa demonstrates high CalibreSPONSOREDantipa mineralsGreat Panther Mining's Record Exploration Program Begins to Bear FruitSPONSOREDgreat pantherOzAurum drills in home of goldSPONSOREDozaurum resourcesFirefly shines as new era loomsSPONSOREDfirefly resourcesThe Carmichael mine of India's Adani Group is within weeks of first exports after two years of construction but that's just one of the...Read More
(IDEX Online) - Month-on-month prices dipped by 0.2 per cent in September, the first drop since February. They peaked with a 2.2 per cent rise in June, but slowed during July and August. Year-on-year prices rose by 9.4 per cent in September, slightly lower than the 10.3 per cent figure for August. The percentage price increases had been rising steadily since January b...Read More
Dear Outsider,It's never been a better time to know what's happening on the inside.Stuffy boardrooms, financial presentations in which you feign interest, cigars that seemed like a good idea 20 minutes ago, glossy business cards, booze that burns, slimy smiles, greasy hair...Now, some of us genuinely enjoy these business dealings.But frankly, it isn't much fun...I'd much rather sit in my backyard...Read More
There has been a litany of bad news recently, including the U.S. August humiliation in Afghanistan, China's aggressive actions against Taiwan and increased tensions with Iran, North Korea and Russia.It will take the U.S. years, possibly decades, to recover from the debacle of August 2021 and the collapse of American prestige. All of these geopolitical events combine to undermine confidence in U.S....Read More
However the report showed inflation remained hot in August, raising the risk of consumer spending stalling in the third quarter even if spending accelerated further in September, Reuters reported.Talk of stagflation sent the gold price higher, towards US$1,765 an ounce on the spot market.Meanwhile the debate over the US debt ceiling is set to continue this week, while China is closed for Golden We...Read More
(IDEX Online) - International standards are to be introduced on the grading and classification of diamonds under 0.25-cts.The Swiss-based ISO (International Organization for Standardization) has already specified the terminology, classification and methods to be used for the grading and describing single unmounted polished diamonds above that size.The World Jewellery Confederation (CIBJO) says agr...Read More