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
(IDEX Online) - A 2.00-ct pink has become the most expensive diamond from the iconic Argyle mine ever sold at an auction or public tender.The fancy purplish pink diamond (pictured) fetched ?, ?1.62m at the debut tender by Australian financial technology start-up yourdiamonds.com.The historic Fitzpatrick Pink diamond, acquired by the renowned Brisbane collector Di Fitzpatrick in 1988, went to an an...Read More
Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesHole FSDH046 produced the longest mineralised intersection on the project to date and returned 676m grading 0.57% copper, 0....Read More
Thor Explorations (TSXV: THX; LSE: AIM) has announced that commissioning of the gold processing plant at its wholly owned Segilola gold project in Nigeria has begun, and confirmed it expects to pour the first gold by the end of July. The process plant is being commissioned in phases, with commissioning already underway at the power plant. Commissioning of the SAG & ball mills will follow.Mining h...Read More
Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has entered into an option agreement with Globex Mining Enterprises (TSX: GMX; US-OTC: GLBXF) regarding the past-producing Eagle gold mine, 60 km southwest of Matagami, Quebec.Ownership of the mine will consolidate the historic high-grade Eagle-Telbel underground mines at the Joutel gold project. This is a 50:50 joint venture of Maple Gold Mines and Agni...Read More
Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesA sniff of what's to come could be found in last week's report from Alrosa, the leading Russian diamond producer, which said...Read More
Today was the stock market's worst day in months, as the Dow lost over 900 points midday. It ended up losing 725 after a late rally, but still a bad day. Fears about a global resurgence of COVID cases and its potential economic impact are being blamed.Are we headed for another round of ineffective and economically destructive lockdowns? Let's jump in…The pandemic is like the proverbial bad p...Read More
Dear Outsider,The economy might be reopening, but it doesn't seem to be recovering.As we saw with earnings last week, cyclical stocks - those tied to a recovering economy - traded lower. That's Caterpillar (NYSE: CAT), General Electric (NYSE: GE), and Boeing (NYSE: BA). And as the Federal Reserve continues its easy money policy, bank shares, including Wells Fargo (NYSE: WFC) and Bank of America (N...Read More
AMAX is a 60:40 joint venture between Perenti Global's African Mining Services and Ghanaian mining services company MAXMASS.The contract increases Perenti's work in hand by about $280 million.Perenti managing director Mark Norwell said the contract continued AMS' transformation."We're delighted to be extending our relationship with our long-standing client, AngloGold Ashanti," he said."AMS has a r...Read More
By Adria Calatayud Griffin Mining Ltd. said Wednesday that second-quarter production of gold, silver and zinc rose compared with the year-earlier period,...Read full newsRead More
The tin investment thesisRead full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)VANCOUVER, BC, July 15, 2021 /PRNewswire/ - Galiano Gold Inc. ('Galiano' or ...Read full newsRead More
TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More
TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More
A new explorer spun out of exploration darling Chalice Mining (ASX: CHN) will be a "standout" in the growing Victorian ... Read More The post Chalice Mining spin-out thirsty for 'Tier 1' gold discoveries in Victoria and WA appeared first on Stockhead.Read full newsRead More
China's Ganfeng Lithium Co Ltd , one of the world's biggest lithium producers, said on Friday its board had approved an offer to buy Argentina-focused Millennial Lithium Corp for as much as C$353 million ($280 million).The bid will be made by a Ganfeng subsidiary at C$3.60 per share, Ganfeng said in a filing to the Shenzhen Stock Exchange, or a premium of 8.4% to Vancouver-based Millenni...Read More
ELKO, Nev., July 6, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the 'Company'), a gold exploration and development company, today announc...Read full newsRead More
The timing could not be better given China's Ganfeng Lithium announced acquisition of Argentina-focused Millennial Lithium for up to C$353 million for its Pastos Grandes project in Salta.Read More
Looming steel production curbs are a major swing factor facing China's steel sector in the second half (H2) of the year.Read More
The Toronto-listed company said Q2 copper production was unchanged year-on-year but down 19% versus Q1 at 36,735 tonnes, with the drop driven by COVID-related personnel restrictions.Read More
Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesPilbara iron ore shipments were 76.3 million tonnes, down 2% over the previous quarter and down 12% year-on-year.Read More