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
Gold's recent selloff looked familiar in that it resembled the types of gold selloffs that occurred when the Fed talked about tightening its loose policy for years in the mid-2010s.It sure talked a good game. But, when it came time to really test how much tightening the debt-saturated economy could handle, by late 2018, the Powell Fed folded like a cheap suit.In fact, the Fed not only felt compell...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 resourcesMuch of the macro narrative surrounding the mining industry has depicted unending metal market deficits t...Read More
Big Thunder Gold Mine is perfect for people of all ages, races and abilities. It's the must-see gold mining experience in the Black Hills. They're located in Keystone, South Dakota at 6...Read full newsRead More
Big Thunder Gold Mine is perfect for people of all ages, races and abilities. It's the must-see gold mining experience in the Black Hills. They're located in Keystone, South Dakota at 6...Read full newsRead More
Triumph Gold Corp. is excited to announce the commencement of theRead full newsRead More
China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation's electricity grid. It's a problem that could last for months, straining the country's economic recovery and weighing on global trade.Read full newsRead More
Recent assassination and ongoing violence to blameRead full newsRead More
Chile's top private miners see asRead full newsRead More
Nickel rises as Sudbury strike continuesRead full newsRead More
The Federal government has set a new, earlier target of 2035 for when all cars and light-duty truck sold in Canada will be electricRead full newsRead More
The AuAg ESG Gold Mining UCITS ETF will be listed on the LSE under the ticker ESGO and will track the Solactive AuAg ESG Gold Mining Index, which according to the release "ranks gold miners for ESGRead More
At least seven small Australian potash hopefuls hope to be producing before BHP makes an irrevocable commitment to its giant Jansen mine in Canada and Anglo American does the same at its WoodsmithRead More
(IDEX Online) - Diamond-producing countries will suffer a consumer backlash unless they can prove their output is responsibly sourced, warned Edward Asscher (pictured), president of the World Diamond Council (WDC).He said some sectors of the industry believed the Kimberley Process restricted trade, rather than enabling it. The result, he said, could soon be a "marketplace with two diamond val...Read More
(IDEX Online) - A woman farm laborer found a 4.5-ct diamond, thanks to torrential rains in India.She was planting tomato seeds when she chanced upon the gem in the Kurnool District of Andhra Pradesh state on Sunday, according to local media reports.The first rains of the season wash away a layer of clay, attracting crowds hunting for newly-exposed diamonds that were lying just below the surface.Th...Read More
(IDEX Online) - Plans by the USA to impose a retaliatory tariff of up to 25 per cent would have an "immense impact" on jewelry exports from India, says industry boss Colin Shah.He says jobs would be lost as a result, and business would shift from India to China and Mexico.The United States Trade Representative (USTR) is targeting India and five other countries for taxing foreign internet-based com...Read More
Los Azules is a porphyry copper project with indicated resources of 962 million tonnes grading 0.48% copper, 1.8 grams per tonne silver and 0.06g/t gold, containing 10.Read More
Drilling at Callinex Mines' (TSXV: CNX; US-OTC: CCLXF) Rainbow deposit in Manitoba has returned wide intersections of high-grade copper.Drill hole PBM-129-W2 hit a broad interval of 67 metres grading 2.73% copper, 0.13 grams gold per tonne, 3.46 grams silver per tonne and 0.12% zinc (2.89% copper equivalent), starting from 776 metres downhole, including 2.5 metres of 17.6% copper, 0.49 grams gold...Read More
New Found Gold (TSXV: NFG; US-OTC; NFGFF) has found a new high-grade zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander.The discovery hole, NFGC-21-241, intersected 5.25 metres grading 430.17 grams gold per tonne starting from 207.85 metres. A second hole, NFGC-21-171, returned 4.85 metres grading 10.36 grams gold from 223.45 metres.New Found Gold has named the ne...Read More
Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of Covid-19 disruption that miners have experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show.For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global mine p...Read More
Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020.The diversified mining house says the covid-19 pandemic caused major production outages across the portfolio last year amid softer commodity prices: the result, lower payments to host nations compared with the 2019 total of US$7.7 billion.The group's effective...Read More