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

When Sydney went into lockdown in late June, it was clear that the chance of delegates from New South Wales being able to make it to Kalgoorlie was diminished.Perth followed days later - just a month out from Diggers - though the four-day snap lockdown proved to be effective and life returned to normal on July 12.There was a glimmer of hope for Victorian delegates when the hard border was dropped...Read More

Lomiko Metals (TSXV: LMR; US-OTC; LMRMF) has released a preliminary economic assessment (PEA) for its 100%-owned La Loutre graphite project in southeastern Quebec, about 120 km northwest of Montreal.The PEA envisions an open-pit mine with an average annual production of 97,400 tonnes of graphite concentrate over a 14.7-year mine life for a total life-of-mine output of 1.4 million tonnes of graphi...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSOREDAfter what amounted to a decade-long industry trough, diamond miners are at last reporting stronger sales, with De Beers'...Read More

The first gold has been poured at Thor Exploration's (TSXV: THX; AIM: THX) 100%-owned Segilola open-pit mine in Nigeria and the company forecasts the mine will produce about 40,000 oz. gold this year.Commercial production is targeted for September when the plant will be running at a processing rate of 715,000 tonnes per year; Segilola will be Nigeria's first commercial gold mine, Thor says.Segilol...Read More

In its second acquisition in the battery metals space in six months, Sibanye-Stillwater (NYSE: SBSW), one of the world's largest primary producers of platinum, palladium and rhodium and its third-largest gold producer on a gold-equivalent basis, is buying 100% of Eramet SA's Sandouville nickel hydrometallurgical processing facility in Normandy, France, in a deal valued at ?,?65 million ($96 millio...Read More

Lucara Diamond (TSX: LUC) has recovered a 393 carat diamond from its company's Karowe mine in Botswana, the seventh stone greater than 300 carats dug up at the operation so far this year. The top white Type IIa gem rock, found from direct milling of ore sourced from the M/PK(S) section of the South Lobe, is also third gem quality +300 carat produced from the unit. The other two are...Read More

SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) is selling its non-core royalty portfolio to EMX Royalty (TSXV: EMX; NYSE-AM: EMX) for a total of US$100 million.The sum consists of US$33 million in cash; US$33 million in EMX shares; and US$34 million in deferred compensation payments that will be delivered on project development milestones.Once the transaction closes, SSR Mining will own about 12%...Read More

I was at a friend's birthday party last night, talking to his brother-in-law.We were discussing the housing market and how out-of-joint it is.He's a contractor."The Fed's printing too many ferns," he said casually.I agreed and started to go on about bond purchases and tapering, but it was pointless.This man had already laid it out plain. Nothing more needed to be said.The Fed's printing too many f...Read More

Reports CNBC:The Senate voted Friday to move forward with a bipartisan infrastructure bill, as Majority Leader Chuck Schumer pushes to pass it as soon as next week... The measure would put $550 billion in new funds into transportation, power, water and broadband. While negotiators have outlined how much money would go into everything from roads to railways and electric vehicle charging stations, s...Read More

Empress Royalty Corp. is pleased to announce the execution of a URead full newsRead More

China's domestic nickel sulphate prices rose to a new high on 27 July, with import prices also surging amid burgeoning demand from the new energy vehicle (NEV) and battery sectors and tight local supply.Read full newsRead More

Ken Hoffman, the head of EV Research at McKinsey Co, says we are two years out from a Class 1 nickel shortage.Read full newsRead More

UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More

The Fed moved closer to tapering stimulus but said there was "some ground to cover to get there", Bloomberg reported.Rates were kept near zero.Gold was back above US$1,800 an ounce and around $1,816/oz on the spot market at the time of writing.Australia-based iron ore producer Fortescue Metals Group shares were at an all-time high of A$26.58 in morning trade, taking the company's market capitalisa...Read More

EBITDA of US$12.1 billion was 5% above forecasts, while underlying profit of US$5.3 billion or US$4.30/sh was also comfortably higher than consensus estimates.Read More

(IDEX Online) - Alrosa bought stockpiles of diamonds from the Russian government in a highly unusual bid to replenish dwindling inventory, ahead its current contract sale.A special auction was held last week by Gokhran, the state repository of precious gems and metals. Alrosa bought 70 per cent of the diamonds offered for sale.The miner has been warning of "a long period of supply deficit" in the...Read More

(IDEX Online) - Petra Diamonds has recovered a 342.92-carat Type IIa white diamond from its Cullian mine, in South Africa.The UK-listed miner said it was of exceptional color and clarity.In March, it sold a smaller rough stone from the same mine - a 299.3-carat white gem, also Type IIa -  for $12.18m.It was bought by Stargems DMCC, Dubai-based arm of the Antwerp diamond supplier.Earlier this...Read More

Two of the biggest topics facing miners are electrification and automationSPONSOREDauto-mateZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsHigh-grade Costerfield gold mine drives turnaroundSPONSOREDmandalay resourcesNZ heeds the call of Siren GoldSPONSOREDsiren goldThe company produced 63,457 tonnes of copper, 34,833t of zinc, 41,000 ounces of gold and 4,774t of nickel i...Read More

Nouveau Monde Graphite (TSXV: NOU; US-OTC: NMGRF) has begun civil construction works for its Matawinie graphite mine in Saint-Michel-des-Saints, Quebec, 120 km north of Montreal. Commercial production is scheduled to begin by the end of 2023.The company is taking a phased approach to becoming a vertically integrated source of green battery anode material. First is development. The company says tha...Read More

Anglo American (LSE: AAL) will return US$4.1 billion to shareholders as soaring commodity prices and the re-opening of economies around the world helped the company hit the best half-year profits in its 104-year history. The diversified miner reported pre-tax profits of US$10.1 billion for the six months to June, up from US$1.7 billion in the same period last year. Revenue rose 114% to US$21...Read More