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
Southeastern Arizona mining history was influenced by earlier mining operations in New Mexico. One such was the gold discovery at Pinos Altos (High Pines). It is located 8 miles northRead full newsRead More
"We will have a larger resource which allows us to mine it faster. The PEA will be significantly bigger than the 5,000 tonnes per day throughput we had last time," he said.Read More
(IDEX Online) - Diamond jewelry that belonged to Sammy Davis Jr is to be auctioned next week (20 July).Five lots are being offered at the Bonhams California Jewels sale, among them a fancy brown diamond ring seen in many performance photos (estimated at $7,000-9,000).Davis, who died in 1990, was an icon of the US entertainment industry and part of the "Rat Pack", alongside Frank Sinatra, Dean Mart...Read More
(IDEX Online) - De Beers hiked its rough prices yet again as Sight 6 opened yesterday in Gabarone.Better quality stones are reportedly up by five per cent as the midstream clamors to re-stock, consumer demand rallies in the USA and China - and production at the mines fails to keep up.De Beers has raised prices at almost every Sight this year, after Covid devastated its 2020 sales. Increases at the...Read More
(IDEX Online) - An exceptional 39.34-carat blue rough diamond has been sold for over $40m.The Type IIb diamond (pictured), was recovered by Petra at its Cullinan mine, South Africa, in April, and was sold yesterday for an up-front cash payment to a partnership between De Beers and Diacore.The price paid was $1,021,357 per carat, slightly less than the $1,156,000 per rough carat paid for another di...Read More
According to Geoscience Australia, as of the start of 2020, South Australia hosted 67% of Australia's economic demonstrated copper resources, followed by New South Wales (14%), Queensland (11%) and WARead More
Copper production from the company's Riotinto mine in Spain amounted to 14,353 tonnes, up 2.7% on the previous quarter and 5.3 % higher than Q2 2020.Read More
An international consortium plans to build what would be the world's biggest renewable energy hub along the south coast of Western Australia.The Western Green Energy Hub (WGEH) would stretch across 15,000 square km, an area bigger than the size of greater Sydney, and could produce up to 50 gigawatts of energy. The A$100 billion (US$75 billion) project would also convert wind and solar power into g...Read More
The Toronto-quoted equity of Pure Gold Mining (TSXV: PGM) rose more than 7% early Tuesday trading after the company reported strong second-quarter production, underground drilling success and the potential for accelerated development of the 8 Zone.The flagship PureGold mine in Red Lake, Ontario, averaged daily throughput at 509 tonnes per day for the June quarter and 577 tonnes per day for June.Th...Read More
This week's episode features the Manitoba Thought Leadership panel at the Global Mining Symposium. The all-star event included the Honourable Blaine Pedersen, Minister of Agriculture and Resource Development, Government of Manitoba; Don McCallum, Councillor from Treaty 5 Territory; Felix Lee, President & CEO, Willeson Metals Corp / Past President PDAC; Scott Parsons, VP Exploration, Alamos Gold; a...Read More
Liberty Gold (TSX: LGD; US-OTC; LGDTF) has released the first resource estimate for its 100%-owned Black Pine gold project in south-eastern Idaho, about 29 km northwest of the town of Snowville.The project contains 105.1 million indicated tonnes grading 0.51 gram gold per tonne for 1.7 million oz. of gold and inferred resources of 31.2 million tonnes averaging 0.37 gram gold for 370,000 ounces. T...Read More
Researchers at the University of Arizona are working to clean up acid mine drainage that contains substantial amounts of heavy metals like arsenic and lead by sequestering the chemicals in biochar crystals.The research team is working to reclaim landscapes impacted by mining waste to create a more sustainable industry. Its researchers recently published findings on how reducing environmental impac...Read More
AngloGold Ashanti (NYSE: AU), which currently holds a 19.5% indirect interest in Corvus Gold (?EUR
Lundin Gold (TSX: LUG) has reported record gold production for the second quarter of 2021, only sixteen months after its Fruta del Norte gold-silver mine in Ecuador, the country's largest, kicked off commercial operations.The Vancouver-based miner delivered 108,799 ounces of gold in the three months to June 30, of which 66,721 ounces were produced as a concentrate and 42,078 ounces as dor?(C).Th...Read More
South Africa's Petra Diamonds (LSE: PDL) has fetched US$40.2 million for a 39.34-carat blue diamond it recovered at its iconic Cullinan mine in April, the company's highest price ever for a single stone.It means the buyer, a partnership between diamond giant De Beers and Diacore, paid US$1,021,357 per carat."This new milestone for Petra follows the sale of the 299 carat Type IIa white diamond in...Read More
With sweaty, shaking hands, I checked in for my 6 a.m. flight from Baltimore to Copenhagen. I was nervous. That's because inside my worn leather messenger bag was a smaller plastic bag filled to the brim with white powder, tucked into a secret compartment. It was my first time smuggling illicit substances out of the country.My heart was racing as I stood in the security line. I tried to act natura...Read More
Southeastern Arizona mining history was influenced by earlier mining operations in New Mexico. One such was the gold discovery at Pinos Altos (High Pines). It is located 8 miles northRead full newsRead More
Past exploration confirmed near surface gold-silver deposit openRead full newsRead More
The website contains the world's largest dataset of minerals such cobalt, lithium and rare earth elements.Read full newsRead More
1844 Resources (TSXV:EFF) has closed the second tranche of its non-brokered private placement.Read full newsRead More