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
(IDEX Online) - The Government of the Northwest Territories (GNWT) has approved Diamonds de Canada Ltd. as an Approved NWT Diamond Manufacturer. The agreement ensures that Diamonds de Canada has access to NWT-mined rough diamonds, and that its manufacturing activities, which include cutting and polishing, take place in the Northwest Territories, the GNWT said in a statement. The company has...Read More
Since the company raised US$45 million in debt at the end of 2019, the development has been hit with a succession of challenges, starting with the COVID-19 pandemic, which has tested companyRead More
The workers' union at BHP's Cerro Colorado has called on its members to reject a final contract offer by the company, paving the way for a strike at the small deposit, Reuters reported.It's another potential setback for the mine, after the Supreme Court ruled in favour of indigenous communities in a complaint related to water use earlier this year.Union leader Marcelo Franco said BHP had used the...Read More
The shareholders of both companies have overwhelmingly (+99%) approved the merger of Golden Predator Mining (TSXV: GPY; US-OTC: NTGSF) and Arizona Gold (TSX: AZG; US-OTC: AGAUF). Arizona will acquire all the common shares of Golden Predator as announced on June 28, 2021, subject to customary regulatory approval.Arizona also intends to change the name of the new company to Sabre Gold Mines, trading...Read More
Precipitate Gold (TSXV: PRG; OTC: PREIF) has received approval from the Toronto Stock Exchange to acquire the 123.5-sq.-km Motherlode gold project in Newfoundland's Burin Peninsula.Precipitate will issue 395,000 common shares and pay $27,000 to the vendor. Additional shares and cash payments will be made over the next four years. At the end of the period, Precipitate will own 100% of Motherlode su...Read More
Two units of Canada's Centerra Gold (TSX: CG) have filed a motion in a U.S. Bankruptcy Court seeking penalties of US$1 million a day against the Kyrgyzstan government, related to the May seizure of the Canadian company's Kumtor gold mine.The company's Kumtor Gold Company (KGC) and Kumtor Operating Company CJSC (KOC) lodged the motion in the US Bankruptcy Court for the Southern District of New York...Read More
American Lithium Corp. (TSXV: LI) has received the highest lithium extraction results to date on its Tonopah lithium claims (TLC) in Nevada, achieving 97.4% extraction using warm sulfuric acid leach.Previous metallurgical work has demonstrated that the TLC claystones are amenable to rapid lithium extraction using warm sulfuric acid leaching, reaching 92% lithium extraction in 10 minutes. In additi...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDSpeaking last week, White Rock chief executive Matthew Gill invited investors to take a look at a recent independent expert report to validate his asse...Read More
Hello Outsiders,Do you get drunk?Sometimes, all the time, none of the time? It's fine...Until it isn't.If you do - and I'm guilty as charged - I would recommend that you don't invest while doing so. I actually have been quite successful doing so somehow. But I've also made some seriously bad decisions...I once got drunk and bought too many shares in a mining penny stock. It went to zero.But I once...Read More
A nation can survive its fools, it is said - but not its traitors.Yet we have long suspected the opposite...That is, a nation can survive its traitors. But it cannot survive its fools.That is because a nation's fools infinitely outnumber a nation's traitors.Please answer this question:How many traitors occupy the District of Columbia?Now answer this question:How many fools occupy the District of C...Read More
Navarre Minerals' first diamond drilling at the historical St Arnaud Goldfield in Victoria is off to a rousing start with the intersection of visible gold.Read full newsRead More
savefremontcounty.org is a new website dedicated to fighting against the possibility of a gold mine being built near Ca??on CityRead full newsRead More
Minerals sands EBITDA jumped 69% to A$299 million, while margin improved to 41% from 39%. Operating cashflow was $306 million, with free cashflow of $179 million.Read More
Share this article VANCOUVER - Diamond drilling is expected to start today at the Endurance Gold Corp. [EDG-TSXV; ENDGF-OTC] Reliance gold property in Southern British Columbia. The property is located 4 km east of the village of Gold Bridge with year-round road access and 10 km north of the historic Bralorne-Pioneer gold mining camp, which has produced over 4 million ounces of gold.The fully fin...Read More
(IDEX Online) - Petra Diamonds Limited has sold a 342.92 carat Type IIa white diamond (previously announced on 28 July) and an 18.30 carat Type IIb blue diamond, both recovered at the Cullinan Diamond Mine in South Africa. The stones have been sold into a partnership with Stargems (Pty) Ltd. Petra will receive an upfront payment of US$10.0 million for the 342.92 carat stone and US$3.5 milli...Read More
(IDEX Online) - De Beers and National Geographic have launched Okavango Eternal, a strategic partnership to address one of the most critical conservation challenges in Africa. The aim is to protect the source waters of the Okavango Delta in Botswana and the lives and livelihoods they support. The five-year commitment, which will help protect Africa's endangered species, ensure water an...Read More
(IDEX Online) - Angola's major diamond mine, Catoca, leaked a red-colored waste last month, causing waterways to fill with sediment before the leak was repaired, Catoca Mining Company said in a statement seen by Reuters. Congolese researchers on Friday said pollution caused by a leak from a tailings dam, used to store waste mining material, had turned rivers red and caused fish to die...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDMinerals sands EBITDA jumped 69% to A$299 million, while margin improved to 41% from 39%. Operating cashflow was $306 million, with free cashflow of $1...Read More
Leon Coetzer, CEO of Jubilee, said the MOU, announced Tuesday, "will see Jubilee refurbish and expand some of Mopani's processing facilities currently not in use and removes the need for the companyRead More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDFunds would also be used for working capital and general corporate purposes.Kombat's restart costs were put at US$6.4 million in a 2018 feasibility stu...Read More