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

Trevali Mining (TSX: TV; US-OTC: TREVF) has released a feasibility study for the expansion of its Rosh Pinah zinc-lead-silver mine in Namibia to 1.3 million tonnes per year from 700,000 tonnes per year.At an initial capital cost of US$111 million, the expansion will include modifications to the mill, a new paste fill plant, a water treatment plant, a new portal, decline and material to the WF3 de...Read More

The U.S. dollar, as we know it today, just turned 50.Sunday marked the 50th anniversary of the dollar becoming a fiat currency. On August 15, 1971, President Richard Nixon announced the dollar would no longer be convertible to gold, but would instead be backed by the Full Faith and Credit Clause of the Constitution.This was the end of what is colloquially known as the "gold standard" in America an...Read More

Kyrgyzstan said Wednesday that it had launched the process of kicking out its largest foreign investor, Canada's Centerra Gold, overRead full newsRead More

BHP Group (BHP.AX) reported its best annual profit in nearly a decade on soaring iron ore prices, as the world's biggest listed miner announced an exit from its $13 billion petroleum business in a portfolio shake-up that will see it leave London's FTSE100 index.Read full newsRead More

"The market seeing particular importance for this set given it is the first release since the Delta COVID resurgence began to take hold," Marex's Alastair Munro said from the LME desk.Copper was down more than 1%, despite ongoing strike action at key mines in Chile and a suspension at Teck Resources' Highland Valley Copper operations in British Columbia due to wildfire activity.Teck shares (TSX: T...Read More

Mining companies raised a total of US$1.45 billion in July, with financing by gold companies falling for the fourth straight month to below $500 million - the lowest figure raised since January.Read More

The company's full-year financial results were in line with expectations, with underlying EBITDA up 69% to US$37.4 billion, with a record EBITDA margin of 64%.The iron ore division accounted for $26.3 billion of EBITDA at a margin of 76%, followed by copper ($8.5 billion), petroleum ($2.3 billion) and coal ($288 million).Underlying profit was up 88% to $17 billion and attributable profit was up 42...Read More

(IDEX Online) - Police in Surat, India, have seized GIA certificates being used to fraudulently inflate the value of diamonds.They also confiscated a laser machine used to inscribe inferior stones with bogus GIA numbers and a number of diamonds.Officers acted after a number of complaints at the city's Mahidharpura diamond market and arrested a man."He collected certificates of only high-value...Read More

(IDEX Online) - A 14.60-ct diamond has been certified as the largest polished lab grown gem produced by the CVD process.The F/VVS2 stone was made by Ethereal Green Diamond, in Mumbai, India, and graded by the IGI lab.Last November, the Chinese manufacturer Shanghai Zhengshi Technology claimed a CVD record with a 12.75-ct F/VVS2.Before that, in June 2020, the GIA lab in Carlsbad, California, graded...Read More

(IDEX Online) - A Philippe Dufour watch, made in 1995 for the Sultan of Brunei, sold yesterday for a record-breaking $7.33m.It became the priciest timepiece by an independent watchmaker ever sold at auction. The Grande et Petite Sonnerie - so named because of its hourly and quarter-hourly chimes  - is one of only eight ever produced.  It was sold on A Collected Man, a specialist web...Read More

The pair, who have formed a Chilean special purpose vehicle called Minera Tercero, will pay a total of US$68.2 million to unnamed private vendors for the 0.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 ManagementSPONSOREDNevada Copper said it now expected to reach steady-state production of 5,000 tonnes per day, originally slated for 2020, in the first half of 2022."The...Read More

I'd like to stop writing about COVID, but I can't because it has such strong economic implications, which can't be separated. And I'm afraid policies will be enacted that will only make things worse.We all know the Delta variant of the COVID virus (SARS-CoV-2) is spreading rapidly in the U.S. and Australia. Major outbreaks have also hit India and Brazil.What has received less attention is the fact...Read More

It's only been a year and a half since Troilus Gold (TSX: TLG; US-OTC: CHXMF) began drilling in the Southwest Zone at its namesake Troilus gold project, about 170 km northeast of Chibougamau in Quebec's Frotet-Evans greenstone belt.The Southwest Zone, about 2.5 km southwest of the main production pit at a former mine on the property and the main mineral corridor at the project, has become one of t...Read More

Mayfair Gold (TSXV: MFG; US-OTC: MFGCF) reported 63.59 grams gold per tonne over 5 metres including 200.89 grams gold over 1.5 metres at its flagship Fenn-Gib project in northeastern Ontario, about 80 km east of Timmins.The hole, FG21-165, was drilled below the shallow central section of the current conceptual open pit, and the high-grade intercept started at a downhole depth of 540 metres, or abo...Read More

The US Army Corps of Engineers (USACE) has assigned a new review officer to handle Northern Dynasty Minerals' (TSX: NDM) appeal of a negative record of decision for the Pebble copper-gold project in Alaska.The new review officer comes after the previous officer was promoted out of the position.The new officer is expected to set a detailed timeline for the administrative appeal process, including s...Read More

Morgan Stanley has placed uranium at the very top of its Metals and Mining Commodity Thermometer.Uranium was assigned a 'most bullish' thesis of 17 mined commodities under the bank's coverage."Further price upside near term as commercial inventories are drawn down, investment demand continues, and mine supply remains below 2019 levels. Longer term, growth continues to push price higher," reads a s...Read More

An asteroid is heading towards Earth, but it is good news for miners and Luxembourg stands ready to help.On August 11, NASA's Planetary Defense Coordination Office provided an update on the potentially hazardous asteroid Bennu. Scientists in the Near-Earth Object Observations Program confirmed that Bennu will make a close approach to Earth next century, although the probability of impact is only 1...Read More

In a long awaited decision, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has approved US$5.7 billion in spending on its Jansen potash project in Saskatchewan - an important project for diversification of the mining giant's assets, which are dominated by iron ore and copper."This is an important milestone for BHP and an investment in a new commodity that we believe will create value for shareholders for gen...Read More

From the frozen Arctic to the sweltering tropics, Canadian gold seekers will be there. Buoyed by the strong price, activity in exploration and production continues to rise.BANYAN GOLDBanyan Gold (TSXV: BYN; US-: BYAGF) has two advanced exploration projects in the Yukon. AurMac, 56 km northeast of Mayo is 100% owned, as is the Hyland project, 74 km northeast of Watson Lake.Both gold projects are ad...Read More