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

The company offered 12.2 million units at $1.10 each, with a unit comprising a share and half a share purchase warrant, exercisable within 36 months at $1.25 per share.H.C. Wainwright & Co acted as sole bookrunner, with Haywood Securities and Roth Capital Partners as co-managers.Vista had $7.2 million at the end of March and will use the proceeds to advance the development of the 9.4 million o...Read More

"This is not going to be music to the Fed's ears," Nuveen chief investment officer of global equities Saira Malik said on Bloomberg TV."The Fed is going to be acknowledging that inflation is going to be running hotter going forward. We're also dealing with peak earnings growth in the second quarter and also the Delta variant. That makes for a tough climb in the second half of this year."...Read More

A sharp run-up in the iron ore price in China - the world's biggest consumer and importer of the key steelmaking ingredient - at the end of last year and again in May "were not beneficial for theRead More

Share this article TORONTO - Fredonia Mining Inc. (formerly Richmond Road Capital Corp.) (TSXV: FRED) reported that further to the press release issued on June 28, 2021 in respect of the subscription receipt financing of $6.4 million, the escrow release conditions under the Offering have been satisfied and Fredonia has received approval from the TSX Venture Exchange to list its common shares on t...Read More

Share this article TORONTO - OceanaGold [OCG-TSX, OCGT-ASX] is poised to restart its Didipio gold-copper mine after the Philippine Government renewed the Didipio Mine Financial and Technical Assistance Agreement (FTAA) for an additional 25 years.The shares rallied on the news, rising 6.0% or 13.5 cents to $2.40 on volume of 3.26 million. The shares are currently trading in a 52-week range of $4.0...Read More

(IDEX Online) - China's diamond trade is surging, as it bounces back from the pandemic and benefits from crackdowns on smugglers and money launderers.The Shanghai Diamond Exchange (pictured) reports $3.82bn in total rough and polished transactions in the half-year to June, an increase of over 86 per cent on the same period in pre-Covid 2019.Imports of polished goods came to $1.58bn, up by alm...Read More

(IDEX Online) - Fugitive diamond dealer Mehul Choksi has been granted bail by a court in Dominica, so he can return to Antigua for medical treatment.Choksi, 62, is wanted in India, where he is accused of defrauding the Punjab National Bank out of $1.85bn.The Eastern Caribbean High Court, in Dominica, allowed him bail on Monday, demanding a bond of just 10,000 Eastern Caribbean dollars - equivalent...Read More

(IDEX Online) - Lucara has recovered a huge fancy pink Type IIa diamond - weighing 62.7 carats - from its Karaowe mine, in Botswana.The Canadian miner said it was one of the world's largest rough pink diamonds on record.It was recovered from direct milling of ore sourced from the EM/PK(S) unit of the mine's South Lobe, along with three other large fancy pinks of similar quality - weighin...Read More

Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesReverse circulation drilling has intercepted broad zones of enriched and primary copper mineralisation wi...Read More

Mako Mining (TSXV: MKO) has declared commercial production effective July 1 at its San Albino mine in northern Nicaragua.San Albino has a 500 tonne per day gravity and carbon-in-leach processing plant, which has been operating since May 12. Mako says the plant has been averaging 456 tonnes per day at 71% availability, thereby meeting the commercial production threshold.At the end of the pre-commer...Read More

NexGen Energy (TSX: AM; NYSE: NXE) recently signed two benefit agreements with First Nations affected by the proposed development of its Rook I uranium project near the southwest rim of the Athabasca Basin in Saskatchewan.The project is located on traditional territory of the Buffalo River Dene Nation (BRDN) and the Birch Narrows Dene Nation (BNDN). The company has signed an impact benefit agreeme...Read More

Marimaca Copper Corp. (TSX: MARI) announced that drilling results from the remaining reverse circulation drill holes completed at the Cindy target have intersected significant copper mineralization, extending the strike length to over 800m.Cindy is located less than 5km to the north of Marimaca's oxide deposit in northern Chile near, considered to be the only copper discovery globally in the last...Read More

The Philippines has renewed the contract for OceanaGold's (TSX: OGC; ASX: OGC) Didipio gold and copper mine for another 25 years, after almost two years of the operation being halted due to a dispute with a provincial government over the company's license to operate.The renewed Financial or Technical Assistance Agreement (FTAA) applies retrospectively from June 19, 2019, and keeps financial terms...Read More

Canada's Lucara Diamond (TSX: LUC) has found a 62.7 carat fancy pink diamond at its prolific Karowe mine in Botswana, which has been named "Boitumelo" meaning "Joy" in Setswana, the national and majority language.The rock, Botswana's largest fancy pink diamond yet, weighs 62.7 carats and measures 26x17x16mm. Described as a high-quality, fancy pink, Type IIa gem, it is also one of the world's l...Read More

Located 8km west of the mainstay T3 deposit, the higher-grade A4 discovery is being banked on to upscale Motheo from a 30,000tpa copper producer to 55,000tpa within 12-18 months of first T3 productionRead More

U.S. inflation soared in June to its highest level in 13 years, according to the Labor Department's latest core consumer price index.Data released on Tuesday morning showed a 5.4% annual increase to core CPI. It was the biggest jump for the index since August 2008 and much higher than the 4.9% increase expected by analysts. On a monthly basis, meanwhile, consumer prices rose 0.9% in June.Inflation...Read More

Supply concerns are pushing up prices across the global nickel complex, as strike action at Vale's Sudbury mine in Ontario dents regional pellet availability and drives up competition for briquettes, while simmering concerns about Indonesia's latest Covid-19 lockdown push the LME three-month (3M) contract to its highest level since 25 February.Read full newsRead More

Rover Metals Corp. further to its release of June 8, 2021, announcing the start of its Phase 2 Exploration Program at its 100% owned Cabin Gold Project.Read full newsRead More

Great Thunder (CSE:GTG) has expanded its Bursey property by acquiring the Bursey East claims in NewfoundlandRead full newsRead More

Rover Metals (TSXV:ROVR) has announced the start of its phase 2 exploration program at its 100% owned Cabin Gold Project.Read full newsRead More