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
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has released a new batch of drill results from its Kandiole project in Mali, about 400 km west of the nation's capital, Bamako, and says it expects to deliver a first resource estimate before the end of the year.Results from the project's Southern Mankouke zone included 3.53 grams gold per tonne over 17 metres starting from 121 metres in drillhole RCMAN21-55;...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western Australia. In a submission to the state's parliamentary inquiry into the issue, the world's largest miner said that between 2019 and 2021 it received six confirmed cases of sexual assault and 73 of sexual harassment at i...Read More
Newcrest Mining (TSX: NCM; ASX: NCM) has delivered a prefeasibility study for its Cadia underground gold mine expansion.The mine, in New South Wales, Australia, produces gold dor?(C) and gold-rich copper concentrates.The prefeasibility study, which the company refers to as PC1-2, outlined a net present value of US$1.5 billion and an internal rate of return of 21.5%. The total capital expenditure i...Read More
Dear Outsider,Have you ever talked with someone really important, and they made you feel really small? Well, I recently had the most ridiculously exaggerated version of that encounter that you could imagine. Not only was the man I met with a millionaire businessman, a global icon, and a fixture on television... He was also seven-foot-one.That's right, I just spent an afternoon with Shaquille O'N...Read More
Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (theRead full newsRead More
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year - five times what it earned in 2020.Read full newsRead More
Asian stocks were set to dip, after a slide on Wall Street sparked by Federal Reserve minutes indicating officials could start paring stimulus from later this year, Bloomberg reported.The S&P 500 closed down more than 1%.Meanwhile, BHP has warned "the increasing likelihood of stern cuts to steel output in China in the current half year … is testing the bullish resolve of the futures mar...Read More
GlobalData said lead production would amount to 4.69 million tonnes, as output grows 3.3% in China and by 9.9% in Peru. Peru witnessed a 21.Read More
(IDEX Online) - Petra hopes to finally re-open its Williamson mine, in Tanzania, after what is likely to be almost a two-year closure.It was put on care and maintenance in April 2020 as the global pandemic hit, resulting in what the UK miner described as an "unprecedented depressed market environment".Chief executive Richard Duffy said the company aims to restart operations to in the first quarter...Read More
(IDEX Online) - Bluerock has recovered its largest ever rough gem at its Kareevlei mine, in Kimberley, South Africa. The 58.6-carat stone is a D-color makeable stone - colorless but with spotted black sulphide intrusions.The London-based miner has also reported two other high-value recoveries this month - stones weighing 21.6-carat and 14.3-carat.Mike Houston, executive chairman, said: "This...Read More
Sales of watches and jewelry in the US have remained steady since March, despite the huge percentage rises shown in the graph below. Total sales in June were $116.9m, up only marginally on May's figure of $116.2m. The dramatic year-on-year changes are largely down to the impact of the global pandemic last year. May 2020 was one of the worst-hit months, with sales of just $53.5m, which e...Read More
Production for 2021 is now forecast at 710-740,000 tonnes. Antofagasta flagged the water shortage as a potential risk to guidance in its June quarter production figures, released on July 21.Read More
HVC was suspended on the weekend when the order was put in place by the district of Logan Lake. Teck said HVC was in the process of ramping back up to full operation and the company's copper guidance would be "updated as necessary after the risk of further effect on operations from wildfires subsides".HVC accounts for almost half the company's copper production and was expected to produce 128...Read More
Orca Gold (TSXV: ORG) subsidiary Montage Gold (TSXV: MAU; US-OTC: MAUTF) has exceeded its exploration objective at the Kon?(C) gold project in C??te d'Ivoire with 100% resource conversion and resource growth.Montage has reported an initial indicated resource for Kon?(C), outlining 225 million tonnes grading 0.59 gram gold per tonne for 4.27 million oz. of contained gold at a 0.2 gram per tonne cut...Read More
Pending continued improvement in regional health statistics, Vizsla Silver (TSXV: VZLA) plans a staged restart of drilling activities on September 1 at its Panuco silver-gold project in Sinaloa state, Mexico.Soaring Covid-19 cases have prompted the company to voluntarily suspend activities in late July to protect the health and safety of the team and the communities in which they work.The company...Read More
Canada's Ontario has rescinded a work suspension order in place over great swathes of the province in the wake of wildfire activity since July 21, allowing Great Bear Resources (TSX: GBR; US-OTC: GTBAF) to start work on Phase 2 drilling from August 18.The next phase of Great Bear's exploration strategy will test the continuity of mineralization along the significant LP Fault below 450 metres depth...Read More
After years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved capital expenditure of US$5.7 billion to build the first phase of the project. The sum includes funding for the required port infrastructure.BHP, the world's largest mining company, paired that news with i...Read More
Chilean miner Antofagasta (LSE: ANTO) says that water shortages in the South American nation, which has been hit by a decade-long drought exacerbated by climate change, has forced it to cut its copper production target for the year. The miner now expects to produce between 710,000 tonnes and 740,000 tonnes of copper this year, down from its previous forecast of 730,000 tonnes to 760,000 tonnes....Read More
North Arrow Minerals (TSXV: NAR) has completed a 2,000-tonne bulk sample from its Naujaat diamond project in Nunavut, a key step toward discovering if the project has enough fancy coloured diamonds - with a high enough value - to justify development.North Arrow has already delineated a resource for the Q1-4 kimberlite at Naujaat, located only 7 km from tidewater near the community of Naujaat. Q1-4...Read More
A move towards resource expropriation, tax and royalty increases, as well as demands for local participation in companies' ownership-all components of resource nationalism-continues to increase, with Latin America taking centre stage, a new study shows.According to the latest report from risk consultancy Verisk Maplecroft, there is a clear four-year trend in mineral-rich nations seeking greater co...Read More