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
The S&P/TSX Composite Index fell 142.7 points or 0.69% to finish the September 13-17 trading week at 20,490.41. The S&P/TSX Global Mining Index fell 4.83 points or 4.76% to 96.75 and the S&P/TSX Base Metals Index dropped 8.07 points or 4.77% % to 161.18. The S&P/TSX Global Gold Index fell 7.03 points or 2.50% to 274.05 and spot gold fell US$33 per oz. or 1.85% to US$1,753.80 per ounce.Lithium Amer...Read More
The Dow Jones Industrial Average dropped 22.84 points or 0.07% to finish the September 13 to September 17 trading week at 34,584.88 and the S&P 500 fell 25.59 points or 0.57% to 4,432.99. Spot gold declined US$33 per oz. or 1.85% to finish at US$1,753.80 per ounce.Mosaic topped the list of gains with its shares rising US$1.83 to US$33.61. The fertilizer giant reported August sales volumes and reve...Read More
The S&P/TSX Venture Composite Index fell 16.52 points points or 1.83% to finish the September 13-17 trading week at 886.83. Spot gold fell US$33.00 per oz. or 1.85% to US$1,753.80 per ounce.Uranium Royalty climbed $1.48 per share to $5.88. The company said it is entering contracts for three spot purchases totaling 300,000 lb. of U308 at an average cost of US$38.17 per pound. The deliveries are sch...Read More
This year so far has seen a series of milestone events unfold for Appia Energy's (CSE: API) Alces Lake property in Saskatchewan - one of the highest-grade critical rare earth prospects in the world.In August of 2021, Appia Energy acquired another 18,105 hectares (44,738 acres) of land contiguous to the claim block at Alces Lake, increasing its 100% owned landholdings to 35,682.2 hectares (88,172.7...Read More
On the morning of May 18, 2020, an earthquake measuring 4.1 on the Richter scale rocked northern Sweden, inflicting serious damage to the century old LKAB iron mine in the town Kiruna, forcing the company to suspend operations. Five days later, production had resumed, albeit at 30% capacity.That swift recovery was due, in no small part, to 30 surveys conducted at depths of 1,200 metres by a drone-...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 Read More
Before we get to the investment vehicle that can provide steady monthly income, I wanted to share this satirical billboard that's popping up across Pennsylvania...I'm all for political satire, but this would be funnier if it weren't true, especially since the Pentagon released a report earlier this year saying al-Qaeda could reinforce quickly enough in Afghanistan to conduct an attack on U.S. soil...Read More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
(IDEX Online) - De Beers' new diamond recovery vessel, the largest of its kind in the world, has set sail from a shipyard in Romania to be fitted with mission equipment for work off the Namibian coast.The $470m ship will use sub-sea crawling extraction techniques to retrieve marine diamonds from the seabed, which will then be processed on board.It was commissioned by Debmarine Namibia, a 50/5...Read More
(IDEX Online) - Two pairs of ancient jewel-encrusted glasses - one with emerald lenses, the other with diamonds - will be sold by Sotheby's New York next month.Both pairs carry estimates of $2.1m to $3.5m.They are believed to have belonged to members of the Mughal Empire, which ruled over the Indian subcontinent during the 17th century.The "Gate of Paradise" glasses (pictured) have lenses bel...Read More
(IDEX Online) - A suspected jewel thief was trapped after he was sprayed with invisible synthetic DNA.He was arrested after a theft at at Truman Jewelers, Albany, New York, USA.The technology, used to mark high-value items, has been used for several years in the UK, but is new to the USA.Micro-dots of DNA remain on the culprit's skin and clothes for six weeks or more. They contain unique iden...Read More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
Allow me to summarize the dominant zeitgeist in America at this juncture of history:Grab yourself a big gooey hunk of happiness by turning a few thousand bucks into millions - anyone can do it as long as they visualize abundance and join the crowd minting millions.Beneath the bravado and euphoric confidence in our God-given right to mint millions out of chump change, a secret plea lurks unspoken:...Read More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
Combined production from the nickel production power houses of Indonesia, the Philippines and Brazil is expected to increase from a collective 1.16 million tonnes in 2020 to 1.Read More
Share this article VANCOUVER - Condor Gold Plc [COG-TSX, CNR-AIM] on Friday said it has completed drilling and returned all assays from exploration work at the Cacao prospect at its 100% owned La India project in Nicaragua.Condor controls around 98% of the La India Mining District, which covers 588 square kilometres. In order to advance La India, the company has adopted a dual strategy to add val...Read More
The London-listed but Aussie-focused company has acquired the 75sq.km Pascalle tenement, which sits 20km west of Havieron and 14km east of Telfer.Read More
Slowing Chinese copper demand on account of uneven economic growth forecasts for the second half of this year looks set to squeeze imports going forward.Read More