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
Demand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows. A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports...Read More
Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP's (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes in the Cerrej??n thermal coal mine in Colombia, defying previous reports that said it was looking to walk away from the asset.The Swiss company expects to pay US$588 million in cash for the combined 66.6% stake owned by Anglo and BHP when...Read More
Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningThe base metal play is chicken feed for a company the size of Anglo American but its fin...Read More
A briefcase tethered to a lifeless body floats toward the southern Spanish coast and is intercepted by a lone fisherman.Dragged onto the beach and inspected by Spanish soldiers, the body is identified as Major Martin, a British Royal Marines captain. In his pockets, a photograph of his fianc?(C)e, love letters, a receipt for a diamond ring, ticket stubs from a London theatre, a bill for a stay at...Read More
TORONTO, June 22, 2021 /CNW/ - HARTE GOLD CORP. ('Harte Gold' or the 'Company') (TSX: HRT) (OTC: HRTFF) (Frankfurt: H4O) announced today its first...Read full newsRead More
(IDEX Online) - Alrosa has resumed production at its Zarya pipe, in Yakutia, eastern Russia, as the diamond market recovers.The mine, responsible for just 0.9 per cent of the group's total output, was put on care in maintenance in May 2020. Alrosa said Zarya was among its lower margin mines due to the quality characteristics of its stones.The 300-meter deep open pit, developed at a cost...Read More
(IDEX Online) - Baselworld is back from the dead, with a five-day event planned for spring 2022.Organizers of the iconic Swiss trade show said they were dropping the name after an exodus of big-name exhibitors and a bitter refunds row over the Covid-enforced cancelations of its 2020 event.They even announced its new incarnation, a watch and jewelry event to be called HourUniverse, which was billed...Read More
(IDEX Online) - Child miners are using homing pigeons to smuggle diamonds from the mines where they work, claims a new book.They risk having their fingers broken, or worse, says US-based author Matthew Gavin Frank in Flight Of The Diamond Smugglers, a harrowing account of poverty and desperation on the west coast of Namibia and South Africa.He tells in great detail how a 13-year-old boy hides a pi...Read More
VANCOUVER, BC, June 22, 2021 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ('Nevada King' or the 'Company') is pleased to to announce it has commence...Read full newsRead More
VANCOUVER, BC, June 22, 2021 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ('Nevada King' or the 'Company') is pleased to to announce it has commence...Read full newsRead More
We have a fine-sounding word for running with the herd: momentum. When the herd is running, those who buy what the herd is buying and sell what the herd is selling are trading momentum, which sounds so much more professional and high-brow than the noisy, dusty image of large mammals (and their trading machines) mindlessly running with the herd.We also have a fine-sounding phrase for anticipating w...Read More
PALM BEACH, Fla., June 23, 2021 /PRNewswire via COMTEX/ --PALM BEACH, Fla., June 23, 2021 /PRNewswire/ -- According to some gold professionals there are...Read full newsRead More
TORONTO, June 22, 2021 /CNW/ - HARTE GOLD CORP. ('Harte Gold' or the 'Company') (TSX: HRT) (OTC: HRTFF) (Frankfurt: H4O) announced today its first...Read full newsRead More
Here are three Canadian gold stocks that Bay Street analysts expect to rise by nearly 70% return within a year. The post Analysts Expect These 3 TSX Gold Mining Stocks to Jump 70% in a Year appeared first on The Motley Fool Canada.Read full newsRead More
Issues include likely conflicts of interest, says auditor KPMGRead full newsRead More
Spoiler alert: there's a read-across for others in the sectorRead full newsRead More
The diamond producer will raise $22 million from a bought deal and $16 million via a private placement, both at C75c, an 10% discount to the company's closing share price on Thursday.Read More
Lucara Diamond (TSX: LUC) is raising $22 million in a bought deal financing to advance work at its 100%-owned Karowe diamond mine in central Botswana, about 350 km north of the capital Gaborone.A syndicate of underwriters led by BMO Capital Markets will purchase 29.4 million common shares in the company at 75 ? per share. The deal also includes an over-allotment option for an additional 15% of th...Read More
B2Gold (TSX: BTO; NYSE: BTG) has announced that its Malian subsidiary, Menankoto SARL, has begun international arbitration proceedings against the Republic of Mali.The Menankoto exploration permit, which forms a part of the Anaconda area, is located 20 km north of the company's Fekola Mine licence area.The action argues that the Republic of Mali breached its obligations to Menankoto under the Conv...Read More
The US government said today that it backs a 2,400-acre land exchange that would allow Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to move forward with its majority-owned Resolution Copper project in Arizona, despite opposition by Native American groups and environmentalists.In 2014, then-President Barack Obama signed a Pentagon funding bill that approved Rio Tinto's proposal to exchange land for an...Read More