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
Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange's market for juniors last year, posted a US$23.8 million net profit, which compares to a loss of US$56.7 million in the same period last year, as revenue increased 548% to...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) said today that it has begun drilling at its Iron Creek cobalt-copper project in Idaho, seeking to double production as higher demand for electric vehicles boosted prices for the metals used in the batteries.North American EV sales reached 325,000 units in the first half of 2021, up 128% year-on-year from 142,000 units in the corresponding period 2020.Near...Read More
Australian mid-cap miner Sandfire Resources (ASX: MTR) is buying the Minas De Aguas Te??idas (MATSA) mining complex in Spain for about US$1.9 billion, as it seeks to become a large copper-focused producer. The company went into a trading halt on Thursday morning while Macquarie Capital and Citi went about securing investor support to raise A$1.2 billion (about US$910 million) to partially...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 resourcesSpeaking to investors at the New World Metals conference in Perth earlier this month, chief executive Jeremy Robinson described his ESG reporting announcement a day earlier as an...Read More
"The most dangerous man to any government," argued Henry Louis Mencken, "is the man who is able to think things out… without regard to the prevailing superstitions and taboos.""Almost inevitably," continued Baltimore's sage, "he comes to the conclusion that the government he lives under is dishonest, insane, intolerable... Every decent man is ashamed of the government he lives under."Your ed...Read More
It wasn't all that long ago that Bitcoin was a fantastic proxy for the entire cryptocurrency sector.What was good for it was good for the rest, along with the inverse. Now we need to look at a whole lot more to get a good feel for what's happening.Let's take a look at a prime example and answer another question in the process...Where is all the crypto money going?CoinShares, a digital asset manage...Read 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
Granada Gold CEO Frank Basa shared,Read full newsRead More
Xplore Resources Corp. is pleased to announce that Phase 1 2021 eRead full newsRead More
Rockridge Resources CEO Jonathan Wiesblatt shares how the company is advancing its Knife Lake Copper project in Saskatchewan.Read full newsRead More
Golden Independence Mining Corp. is pleased to announce the remaiRead full newsRead More
Share this article VANCOUVER - Canagold Resources Ltd. [CCM-TSX; CRCUF-OTCUF] reported high-grade gold assays for four more drill holes from the 24,000-metre, 47-hole drill program at its 100%-owned New Polaris gold project in northwestern British Columbia, located 100 km south of Atlin and 60 km northeast of Juneau, Alaska.The focus of the drill program is infill and step-out drilling in the C W...Read More
(IDEX Online) - Alrosa is to offer online bidders additional information - such as color assessments, fluorescence intensity and descriptions of defects - in digital auctions starting today.The Russian miner began testing the digital diamond sales format in autumn 2019, and held its first digital auction for special-size rough diamonds (+10.8 carats) the following year.It says it aims to make digi...Read More
(IDEX Online) - Petra has reclassified the mothballed Williamson mine, in Tanzania, as an "asset held for sale", prompting speculation that it could sell the deposit in Tanzania.The London-based miner says Williamson has been "classified as an asset held for sale for financial reporting purposes" in its preliminary annual results published last week.It says that as a discontinued mine it represent...Read More
(IDEX Online) - Rhianna dazzled in over 267 carats of Bulgari high jewelry and archival diamonds when she appeared at the highlight event of New York's social scene. She wore three necklaces by the iconic Italian jeweler to the Met Ball - annual fundraiser for the Metropolitan Museum of Art's Costume Institute - together with a dramatic black enamel ring by Thelma West a...Read More
Carroll said projects include installing a third ball mill and expanding the crushing operation. He also said the company has exploration upside.Read More
Rio Tinto can earn up to 75% of Arcas by spending US$25 million on exploration, under a 2019 deal.Arcas is in the Antofagasta region and is under-explored despite being adjacent to a major mineral belt, AbraSilver said."Having partnered with Rio Tinto, one of the world's largest and most successful mining and exploration companies, provides a significant opportunity for AbraSilver to unlock additi...Read More
Analysts at CIBC, Canaccord Genuity, Raymond James and BMO Capital Markets raised their target prices on Teck Resources (TSX: TECK.A/B; NYSE: TECK) following the diversified miner's September 21 Investor Day, during which the company highlighted the growth of its copper pipeline and its massive Quebrada Blanca (QB) 2 project in Chile.The company confirmed first production at QB2 is expected in the...Read More
Ridgeline Minerals (TSXV: RDG; US-OTC: RDGMF) has executed an earn-in agreement on its 75 sq. km Swift gold property in Nevada with Nevada Gold Mines (NGM), a joint venture between Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont (TSX: NGT; NYSE: NEM). Under the deal, NGM may acquire an initial 60% interest in the project for a minimum of US$20 million (of which US$4 million is guaranteed) in qual...Read More
The Bank of America's global research team is lowering its price forecast for iron ore fines in 2022 by 45% to US$91 per tonne (down from its previous forecast of US$165 per tonne) on the back of enforced steel production cuts in China. Beijing's restrictions on steel output are driven by its goal of driving down emissions.For this year BofA has cut its price forecast by 16.6% to US$157 per tonne...Read More