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
Testwork has shown it is possible to produce a gold concentrate containing 50gpt, which is enough to possibly truck it to a processing facility rather than having to build a processing facility onRead More
Kabanga hosts a historical resource of 58Mt grading 2.57% nickel, 0.34% copper and 0.18% cobalt for a 3.28% nickel equivalent, which will likely get bigger by year-end. Read More
(IDEX Online) - A new TV drama, Everybody Loves Diamonds, is inspired by the infamous 2003 Antwerp Diamond Heist, and will stream next month.It follows a team of small-time Italian thieves led by Leonardo Notarbartolo (Kim Rossi Stuart), as they beat top-level security to steal $100m-plus of loose diamonds, gold and jewelry from the Antwerp Diamond Centre.The heist remains the biggest diamon...Read More
Elevate Uranium buoyed by discoveries and beneficiation processSPONSOREDelevate uraniumLodestar focused on polymetallic potential at flagship Earaheedy projectSPONSOREDlodestar minerals The mining industry underwent an uncharacteristic outbreak of optimism in 2022.Read More
Greetings from a gorgeous Asti, Italy.Everyone pronounces "IRS," a three-letter agency, as if it were a four-letter word. And for good reason.Because no matter how you slice it, America is a police state writ large now. And police states look an awful lot like the mafia.What's legal isn't always moral.If you've been reading my column for a while, you know I think taxation is theft though it's be...Read More
Elevate Uranium buoyed by discoveries and beneficiation processSPONSOREDelevate uraniumLodestar focused on polymetallic potential at flagship Earaheedy projectSPONSOREDlodestar minerals Andrada chief executive Anthony Viljoen said the company has completed a tantalum circuit, and initial test work is underway on its lithium circuit, at its Namibia project.Read More
"We're a discovery company," Sunstone Metals managing director Malcolm Norris says, as the copper-gold explorer continues to reveal the potential at the Bramaderos and El Palmar projects in Ecuador.Norris is one of the presenters at the inaugural MiningNews Select event.Read More
Wheaton Precious Metals will provide $5 million of the financing, with management and directors the rest, as the culmination of a series of transactions that saw the company repurchase a 0.Read More
I was there in the mid-1990s when fledgling internet companies began to offer a new service that promised to revolutionize communication: email.Access to the internet was growing rapidly, and programs like Netscape made email simpler and more user-friendly. Meanwhile, businesses quickly saw how useful email was for communication.Nevertheless, many people were initially hesitant to embrace email du...Read More
The company is guiding 2023 production at 145,000-155,000oz at an all-in-sustaining cost of US$1000-1180/oz. "Switching to grid power will make us $100/oz cheaper," said Downey.Read More
"If things go well, by June 2024, we could have our RoD (record of decision) reinstated, and it is reinstated, we are comfortable that we can move forward on the permitting for the mine," saidRead More
(IDEX Online) - Five men have been charged with using companies based in New York City's Diamond District to process over $600m in illegal money transfers.They are accused of using numerous diamond, gold, and jewelry companies as fronts to conduct hundreds of millions of dollars in illegal financial transactions for customers - including converting cash to checks or wire transfers - in exchan...Read More
Miramar Resources executive chairman Allan Kelly outlines the upside as the company explores IOCG targets at Whaleshark and nickel-copper-PGE targets at Bangemall, both in the Gascoyne, as well as the gold potential at its projects near Kalgoorlie.Kelly is one of the presenters at the inaugural MiningNews Select event.Read More
(IDEX Online) - Israel is to host its second annual Diamond Conference next April, together with a three-day Diamond Exhibition.Both events are part of the International Diamond Week, hosted by the Israel Diamond Exchange (IDE), in Ramat Gan.The inaugural Israel Diamond Conference, which took place in March, was the country's first international event since the Covid pandemic.It brought toget...Read More
(IDEX Online) - Greenland's only ruby mine has closed, after reportedly running up $74m of debts.Greenland Ruby, which started production of rubies and pink sapphire mining in 2017, has laid off its remaining staff and put the mine, at Aappaluttoq, in the southwest of the country, on care and maintenance.The company, owned by Norway-based LNS Group, originally predicted a 10-year life for the...Read More
Elevate Uranium buoyed by discoveries and beneficiation processSPONSOREDelevate uraniumLodestar focused on polymetallic potential at flagship Earaheedy projectSPONSOREDlodestar minerals However, with optimism drooping following a Chinese financial-stimulus plan that failed to deliver, how stocks are likely to perform towards the year's end has become anyone's guess.Read More
Lodestar focused on polymetallic potential at flagship Earaheedy projectSPONSOREDlodestar minerals Elevate Uranium buoyed by discoveries and beneficiation processSPONSOREDelevate uraniumOrla has a development pipeline that includes the Cerro Quema gold-copper project in Panama, the South Railroad gold project in Nevada, US and the sulphides at its Camino Rojo gold oxide mine inRead More
Bristow said that the substantial growth in copper production, combined with the output from Barrick's gold portfolio, is expected to increase the miner's attributable production to 6.Read More
(IDEX Online) - De Beers today said it will no longer sell lab grown engagement rings, after a three-month trial reinforced its belief that they are "unsustainable" as a commercial proposition."Retailers already need to double the number of LGD carats sold every two years just to maintain a flat absolute gross profit," the company said.Lightbox, the De Beers lab grown division, dipped its toe into...Read More
The company is developing a proprietary alkaline leach to heap leach the refractory ore. The company has previously proven its approach works and aims to increase the recovery it obtains.Read More