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
"Ten years from now, you'll put on a jacket and find a mask in the pocket. 'Oh man, what a weird year that was,' you'll chuckle to yourself. Then you'll pick up your machete and continue across the wasteland, keeping to the shadows to avoid the roving gangs of cannibal raiders." - @CasualThursdayIn the year 2020, the Earth stood still. Travel, trade, and socialization ceased as we crawled into ou...Read More
Philosophers and analysts use a principle called Occam's Razor (sometimes Ockham's Razor) to solve difficult problems. It says that when you are confronted with two possible solutions to a problem, one complicated and one simple, it's usually better to select the simple solution.There's always some attraction to the complicated solution because humans like intrigue and plot twists. But statistical...Read More
VANCOUVER, BC / ACCESSWIRE / July 8, 2021 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (theRead full newsRead More
In this week's episode of theRead full newsRead More
(IDEX Online) - Lucapa reported record revenues for Q2 of 2021 from both at its Lulo alluvial mine, in Angola, and the Mothae kimberlite mine, in Lesotho.The Australian miner described the performances as "very solid".Lulo brought in $28.7m, its highest quarterly revenue, at an average $4,476 per carat as it processed record volumes.A tender of seven top-quality and fancy colored diamonds diamond...Read More
(IDEX Online) - A flawless 101.38-carat diamond has become the most expensive gem ever sold in a cryptocurrency transaction.The pear-shaped D-color Type IIa diamond, named The Key 10138 after its carat weight, fetched $12.3m, to be paid in Bitcoin or Ethereum by an anonymous buyer.It failed to reach its $15m high estimate in a single-lot at Sotheby's Hong Kong on Friday, but came close to bei...Read More
(IDEX Online) - Diamond billionaire Dan Gertler has lost two contracts to explore for oil in Democratic Republic of Congo (DRC).The move was announced by the government's hydrocarbons ministry, which said it was terminating production sharing agreements with two of his companies, Caprikat Ltd. and Foxwhelp Ltd.It is now reported to be considering possible sales of the blocks, along the countr...Read More
By Jaime Llinares Taboada Caledonia Mining Corp. said Tuesday that gold production from its Blanket mine in Zimbabwe rose to a record high in the second...Read full newsRead 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
By Jaime Llinares Taboada Caledonia Mining Corp. said Tuesday that gold production from its Blanket mine in Zimbabwe rose to a record high in the second...Read full newsRead 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
US bank expects recovery followingRead full newsRead More
Historical failure of the two countries to work together is changingRead full newsRead More
By Jaime Llinares Taboada Caledonia Mining Corp. said Tuesday that gold production from its Blanket mine in Zimbabwe rose to a record high in the second...Read full newsRead More
LME copper was up 0.58% to US$9,377/t by mid-morning UK time on Friday, with nickel up 1.51% to US$18,610. Shares in BHP were up 1.61%, with Rio Tinto up 1.98% and Anglo American the biggest winner at 2.16%.The slight uptick came after US equities finished down on Thursday, with the S&P 500 and Nasdaq moving lower after hitting yet more all-time highs on Wednesday.Headlines in the US were domi...Read More
PGM (6E) production from the company's flagship Tharisa mine in the western limb of the Bushveld Complex rose 8.9% quarter-on-quarter to 39,000 ounces, with rougher feed grades up 7.8% to 1.52 g/t.Read More
The copper miner said it was now expecting to receive its draft UIC permit from the Environmental Protection Agency "towards the end of the third quarter", having previously expected the documentation by the end of June."Although that timing is later than previously expected, our understanding is there are no issues and that the agency just needs additional time to complete its internal reviews of...Read More
Look beyond market approach to project valuations: van ZylLeadershipProudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsThey include Marimaca Copper (capitalised at C$356 million), Filo Mining Corp ($1.1 billion), Solaris...Read More
With the copper price trending in record territory after nearly doubling over the past 12 months, mining veteran and industry luminary Rob McEwen tells The Northern Miner the time had finally come to unlock the inherent value of its large-scale, advanced Los Azules copper project in Argentina.McEwen Mining (TSX: MUX; NYSE: MUX) announced this week it would spin out the Los Azules copper project in...Read More
Argonaut Gold (TSX: AR) has announced high grade results from the ongoing 25,000-metre drill program at its Magino gold project in Ontario. The drill program is taking place as construction of an open pit mine at Magino advances toward expected first production in 2023.This year's drill program is primarily focused on tightening the drill spacing within the Elbow Zone, with a secondary focus on dr...Read More