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
It comes as no surprise copper production declined in 2020 as the world grappled with a global pandemic, particularly in the second and third quarters. As we begin to take steps out of lockdown and vaccination rates increase globally, there has been a slight uptick in production. With another six projects due to move into production within the next two years, production will likely increase furthe...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) CEO Mike Henry says the company is ready for a strategic shift out of its geographical, advanced-economies comfort zone into "tougher jurisdictions" as part of its plan to increase exposure to commodities such as copper and nickel, which are needed to power the energy transition. Speaking at the Financial Times conference late on Oct. 7, the CEO of the world's...Read More
The United States is narrowing the gap with China when it comes to the race to dominate the battery value chain, according to BloombergNEF's second annual Global Lithium-Ion Battery Supply Chain Ranking.According to the strategic research provider, the U.S. has moved up the ranking to take the second spot in 2021. "As a country, the U.S. has the second-largest EV market globally, after China. Tes...Read More
Lumina Gold (TSXV: LUM) has raised $19 million to advance its Cangrejos gold-copper project in Ecuador, where work is under way on a prefeasibility study.In addition to closing a private placement of 31.6 million common shares priced at $0.60 each, it also issued additional shares worth $5.2 million to Ross Beatty in exchange for retiring that amount of debt. He now has a 19.8% interest in the com...Read More
Sunday was once my favorite day. Church, then mimosas, then falling asleep on a hammock while reading TheNew York Times. Those were the days. Then church was canceled and replaced by public health messaging.Now Sunday is the day that the insufferable Anthony Fauci holds court on TV. Whatever he says dominates the headlines for the rest of the week. Reporters let him talk and talk and are either un...Read More
Commander Resources Ltd. and project partners Fjordland ExplRead full newsRead More
VANCOUVER, British Columbia, Canada - October 7, 2021 / PlantX Life Inc. (the "Company" or "PlantX") (CSE: VEGA) (Frankfurt: WNT1) [...]Read full newsRead More
Golden Independence Mining Corp. is pleased to provide an updateRead full newsRead More
The amounts drawn on the four-year term revolver are subject to interest at LIBOR plus 1.875%-3% per annum, with the undrawn portion subject to a standby fee of 0.422%-0.Read More
Share this article TORONTO - Minsud Resources Corp. [MSR-TSXV; MDSQF-OTC] reported assay results from the additional seven drill holes completed in the ongoing Phase 3 program over the Chinchillones area, located at the Chita Valley Project, San Juan province, Argentina. Encouraged by the results received, Minsud and its partner, a subsidiary of South32 Limited [SHTLF-OTC; SOUHY-ASX, LSE, Jo'burg...Read More
(IDEX Online) - Israel's diamond industry is maintaining its "robust recovery" according to new figures, although trade dipped during September's Jewish holiday season. Net imports of rough diamonds in the first three months were $1.47bn, a year-on-year increase of 137 per cent, according to the Ministry of Economy and Industry. Net exports for the same period were $1.34bn, up 160 p...Read More
(IDEX Online) - A robot dog is being put through its paces at the Gahcho Kue diamond mine, in Canada, to see whether it can take over routine tasks from human co-workers.De Beers say they're seeing how well the four-legged robot, called Spot (pictured), fares at monitoring gauges and other readouts, inspecting for spillages and checking fire detection systems, all by itself.They're also...Read More
(IDEX Online) - The Watches and Wonders show is to take place again in a physical format, after two Covid-enforced digital-only editions.The industry's biggest event says at least 40 leading names in watchmaking will be in Geneva from 30 March to 5 April 2022.They include Rolex, Patek Philippe, and Cartier, plus first-time participants Grand Seiko, Oris and the brands of the LVMH Group (Hublo...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 resourcesCritically, Castillo, the leftwing Peru Libre candidate, fired his prime minister Guido Bellido, the ideological pole of his cabinet, r...Read More
"Sometimes the numbers just don't work, and when unconstrained modelling results in a [circa] 9 million tonne supply-demand imbalance in the copper market for 2030, a change of approach is needed,"Read More
Firmly focused on the US, the company recently acquired the highly prospective Humboldt Range gold-silver project in the top-tier jurisdiction of Nevada, to complement its plus-6 million tonne copper resources at its flagship Alaska Range project - where the company has just discovered a third type of copper mineralisation."It's a really exciting development," managing director Dr Frazer Tabeart e...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's high-margin Kounrad copper recovery operations in Kazakhstan continued to deliver consistently, with 4,146 tonnes produce...Read More
The company said there were no injuries or environmental damage.An investigation into the cause of the fire is underway and the company hopes to restart operations by the end of October.Salobo produced 172,700 tonnes of copper concentrate in 2020.Wheaton Precious Metals Corp holds a gold stream over the mine, which accounts for 33% of its operating net asset value, based on Canaccord Genuity estim...Read More
Following Canada's first National Day of Truth and Reconciliation on September 30, I'd like to share my thoughts on residential schools, education, and healing.Over the last few months, as the bodies of hundreds of children have been discovered near residential schools in western Canada and I'm sure more will be discovered as other school lands are surveyed, I have had a number of inquiries from w...Read More
Global primary nickel demand will rise to 2.8 million tonnes this year and to 3 million tonnes next year, up from 2020's 2.4 million tonnes, according to the International Nickel Study Group (INSG).The increase is being driven in part by the acceleration of Covid-19 vaccine rollouts and the continued recovery of economies worldwide.Meanwhile, primary nickel production is forecast to hit 2.6 millio...Read More