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) - Alrosa is applying an indestructible "nano mark" to the atomic structure its diamonds to guarantee their provenance. It says the application of a minuscule physical mark is more reliable than existing diamond-tracing technologies such as laser engraving, which can be polished off. The Russian miner says the application of nano mark to the atomic structure of the diamo...Read More
Clean Air Metals (TSXV: AIR) has released new assay results from its flagship Thunder Bay North (TBN) asset, a platinum, palladium, copper and nickel project in northwestern Ontario, about 50 km northeast of the city of Thunder Bay.The 100%-owned project consists of the Escape Lake and Current Lake deposits, which are 2.5 km apart, and the drill results are from a 30,000-metre diamond drilling cam...Read More
With demand for electric vehicles, batteries, and greener energy storage options expected to rise in the years ahead, many juniors are on the hunt for so-called 'technology metals,' a broad category that includes cobalt, copper, nickel, platinum group elements, graphite, lithium, rare earth elements, and silver, among others. Here are eight companies working on properties in the tech and battery m...Read More
Giga Metals (TSXV: GIGA) has begun a 2021 work program at the Turnagain nickel-cobalt project, located in north-central British Columbia. Archaeological and wildlife surveys are underway and resource drilling has commenced.Kiera Broda, project geologist for Giga Metals, at the Turnagain Camp. Credit: Giga MetalsThe program is designed to collect all necessary exploration, geotechnical and other da...Read More
Easing Covid-19 risks and improved uranium fundamentals have prompted Western Uranium & Vanadium (CSE: WUC; US-OTC: WSTRF) to pull the trigger on a restart of uranium exploration development and mining at the Sunday mine complex in western San Miguel County, Colorado.The Sunday mine complex comprises the Sunday, West Sunday, St. Jude, and Carnation mines, all of which are interconnected.The operat...Read More
This week's episode features Evolution Mining executive chairman Jake Klein in discussion with Northern Miner editor-in-chief Trish Saywell at the Global Mining Symposium. Jake explains the benefits of remaining a mid-tier sized company, and how China owns as much as 20% of Africa's debt, particularly of resource-rich nations. He also discusses the challenges of mining, which he describes as "swee...Read More
AngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calder??n as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky's sudden departure last July.Calder??n, a 61-year-old Colombian with more than two decades of executive experience in the mining sector, will be starting his new role on Sept. 1, the company said.A junior minister in a government that f...Read More
Colossal pandemic spending by governments worldwide over the past 18 months has meant inflation is back in the news, as is gold contained in pyrite following publication of academic research in Australia.Most prices rise over time. Inflation has been especially destructive in the U.K. over the past 750 years, with the Bank of England calculating that ?1 in 1270 had a purchasing-power equivalent o...Read More
I've made many visits to China over the past thirty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips.My visits have included Chongqing, Wuhan (the origin of the coronavirus outbreak), Xian, Nanjing, new construction sites to visit "ghost cities," and trips to the agrarian countryside.My trips included meetings with gover...Read More
Here we are, on the back end of a long Fourth of July weekend on a Tuesday morning.It'll be good to be back, good to get things moving along.I've got a three-hour drive from the eastern shore of Maryland back to Baltimore ahead of me though.Right now I'm pretty jazzed about how my sandwich-in-a-bag has the good mustard on it, and that's about the extent of what I've got working for me. I'd bet we...Read More
Julian is home to San Diego County's motherlode. But also, don't miss the apple pie.Read full newsRead More
Kavango Resources (LON: KAV) on Monday announced not only an expansion of its Kalahari Suture Zone drill programme but also an almost ?2 million placing. T...Read full newsRead More
Hayward retires after eight years as chairmanRead full newsRead More
It's not every day you come across a business model like MetalNRG's (LSE:MNRG). The company has everything in place for serious growth, leveraging some of...Read full newsRead More
Gold steadyRead full newsRead More
The winning streak of seven consecutive records was reportedly last seen in 2007.US markets are closed today to observe Independence Day, which fell on the weekend.In China, stock markets fell the most in three months as the market stability experienced ahead of the 100-year anniversary of the Communist Party might be behind us, Marex's Anna Stablum said on Friday.Gold was worth about US$1,787 an...Read More
The blaze on January 14 had not caused casualties or environmental damage or impacted shipping, the Brazil-based miner said. Analysts had initially warned the fire could have reduced Brazil iron ore exports by as much as 32 million tonnes over the next 12 months. "The maintenance of CN6, which evolved the substitution of over 60% of its components, did not impact PDM's monthly iron ore s...Read More
The junior is looking to raise £6.2 million at 5.5p per share for exploration at its assets across Arizona and Nevada.Read More
The Fronterizo, Muga and Goyo concessions have been approved, signed, and sealed, meaning Highfield can kick off its long simmering construction plans at last.Read More
(IDEX Online) - The IDEX Polished Price Index was up 2.20 per cent in June, as the rate of recovery speeds up and exceptional consumer spending shows no sign of slowing down. This inevitably fuels fears of a bubble that might, at some point, burst. But there's more to this than just pent-up demand. Consumers have been spending more for a year now since the first lockdowns were eased, and a bu...Read More