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
In the latest trading session, Barrick Gold (GOLD) closed at $18.23, marking a -1.19% move from the previous day. This move lagged the S&P 500's daily gain of 1.21%. Heading into today, shares of the gold and copper mining company had lost 7.05% over the past month, lagging the Basic Materials sector's loss of 3.02% and the S&P 500's loss of 0.9% in that time. GOLD will be looking to d...Read More
/PRNewswire/ -- TheRead full newsRead More
An arrest has been made in connection with a homicide in Morganton.Read full newsRead More
E2Gold Inc., a Toronto-based small-cap gold exploration company, recently received positive attention from Dr. Quinton Hennigh, Geologic and Technical Director of Crescat Capital, and independent technical analyst Clive Maund. Hennigh's firm is a Denver-based global macro asset management firm that recently led a financing round for E2Gold and now holds 11% of the company.Read full newsRead More
Commander Resources Ltd. (TSXV: CMD) (Read full newsRead More
FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to share news the company has completed their drilling program on the Decar Nickel Project ...Read full newsRead More
Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (Read full newsRead More
The trading price of Harmony Gold Mining Company Limited (NYSE:HMY) closed lower on Tuesday, September 21, closing at $3.28, -0.61% lower than its previous close.>> 7 Top Picks for the Post-Pandemic EconomyRead full newsRead More
Among the gold mining sector are the explorers, the producers, and the royalty companies, with each offering different risk profiles. The explorers are the highest-risk with regular capital raises and no guarantees that they'll build a mine; the producers are medium-risk, with risk dependent on diversification and margins; and the royalty companies are the lowest-risk but offer the least reward. T...Read More
Meanwhile the US Federal Reserve has indicated tapering would start in November and the "dot plot" suggested the interest rate would not increase to 1% until 2023.Iron ore leapt 18% to more than US$100 per tonne, with MySteel 62% Australian fines at $108/t.Copper rose more than 3.5% in London, back above $9,000 per tonne to $9,301.75/t.However it's secular changes relating to de-carbonisation that...Read More
Share this article LONDON - Centamin PLC (CEE-TSX, LON-CEY) said Thursday it plans to add 3.0 million ounces of gold to its mineral reserves by 2024. It said the vision for growth includes extending the underground mine life at its key Sukari mine in Egypt to 10 years.Centamin CEO Martin Horgan said the company hopes to reach that target through organic growth over the next 24 months.These are ta...Read More
(IDEX Online) - A 1.50-ct diamond was found to have a fake inscription and to have undergone color treatment when it was submitted for certification.The HRD Antwerp lab found the stone's carat weight, color, cut, and final clarity grade (VS1) precisely matched those of the accompanying GIA report.But there were discrepancies in the clarity characteristics. Close examination revealed the...Read More
(IDEX Online) - Sales of watches and jewelry in the US were up 36 per cent year-on-year in July. But what looks like a significant rise actually reflects the impact of lockdowns last year more than anything else. Sales totaled $115m in the month, compared to $120m in June and $114m in May. So there are no big shifts to report in actual sales. The industry was recovering by July, so the...Read More
(IDEX Online) - A Belgian tech company says it will use QR codes to record every step in a diamond's journey, providing a "traceability solution" for the whole industry.The company, iTraceiT, is currently working on pilot projects with partners and says it will launch globally later this year.It claims its technology will be an "industry-wide, independent, user-friendly and totally secure too...Read More
(IDEX Online) - The De Beers founder Cecil Rhodes pushed the German leader Kaiser Wilhelm II towards war with Britain, it has been claimed.He flattered the emperor into believing Germany should no longer remain in Britain's shadow, and that he had an historic role to play.The Kaiser went to lose World War One, a conflict that cost an estimated 40 million lives.The claims about De Beers, repor...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesCan copper turn greener?SPONSOREDmarimaca copperFirefly shines as new era loomsSPONSOREDfirefly resourcesThe new deposits are called Bolsa, South Limb and North Limb. Drilling also confirmed and increased the confidence in the size of the Broad Top Butte, Peach and Elgin deposits.Read More
The company has entered into a binding sale and purchase agreement with global metals trader Trafigura and Abu Dhabi state-owned Mubadala Investment Company to acquire 100% of Minas De Aguas TenidasRead More
It said the third ball mill was expected to increase milling capacity at the Copper Mountain mine from 40,000 tonnes per day to 45,000tpd.CMM's production guidance was recently increased to 90-100 million pounds copper-equivalent a year.It had produced 98.2Mlb Cu-eq in 2020 and is owned 75% by Copper Mountain in a joint venture with Mitsubishi Materials Corp.Copper Mountain plans to incorporate th...Read More
Hudbay Minerals (TSX: HBM; NYSE: HBM) has drilled more high-grade copper sulphide and oxide mineralization at its near-surface Copper World project, 7 km from the Rosemont project in Arizona. Drilling this year has identified three new deposits, bringing the total of deposits to seven over a seven-km strike.The three new deposits are called Bolsa, South Limb and North Limb.Bolsa returned three int...Read More
Asante Gold (CSE: ASE; US-OTC: ASGOF) has made a US$5 million strategic investment in fellow West African gold explorer Roscan Gold (TSXV: ROS; US-OTC: RCGCF)), which holds a significant land position within a gold prospective area of West Mali.Roscan's primary asset is the Kandiol?(C) project, located east of B2Gold's (TSX: BTO; NYSE-AM: BTG) Fekola mine and Iamgold's (TSX: IMG; NYSE: IAG) Boto...Read More