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
Canada is home to many diamond companies and some of the world's best diamond mines. Here's a list of the top ten diamond companies with headquarters in Canada, based on market capitalization as of June 3 and compiled by MiningIntelligence.Lucara DiamondMarket Cap: $297.7 million (US$246.7 million)Lucara Diamond's Karowe diamond mine in Botswana. Credit: Lucara Diamond.Lucara Diamond (TSX: LUC) o...Read More
Royalty and streaming companies have grown in number and popularity over the years. Here are the top ten royalty and streaming companies headquartered in Canada ranked by market capitalisation as of June 3 and compiled by Mining Intelligence.Franco-NevadaMarket cap: $34.39 billion (US$28.51 billion)Franco-Nevada (TSX: FNV; NYSE: FNV) retains its position this year as the number one royalty and str...Read More
With precious metals commanding higher prices, juniors advancing projects with gold and silver deposits are coming into the spotlight. The following companies are the top-10 Canadian-headquartered precious metal juniors that are developing projects but are not yet in production, ranked according to market capitalization as of June 3 and compiled by MiningIntelligence. Royalty and streaming compani...Read More
Canada is considered one of the world's premier mining jurisdictions thanks to its refined financial services industry, skilled workforce and robust regulatory environment. The Toronto Stock Exchange is the world's leading public platform for mining companies to raise the capital required to conduct their mineral exploration, mine development and mining operations. The following companies are the...Read More
Cryptocurrencies may not be perfect, but don't let anyone tell you they're not viable.If they weren't, central banks, governments, and Wall Street insiders wouldn't be panicking.And they are panicking.In May, the Chinese government issued a public warning about trading and mining crypto. And earlier this month, Beijing started sprawling efforts to shut down cryptomining operations just hours after...Read 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
Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More
Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More
More action needed to meet 1.5C targetRead full newsRead More
Output to lift 3.7% in 2022Read full newsRead More
Marvel Discovery Corp. ; is please to announce it has acquired aRead full newsRead More
Cites recent volatilityRead full newsRead More
China said this week it would sell 20,000 tonnes of copper, 50,000t of aluminium and 30,000t of zinc on July 5-6.It marks the country's first sale of reserves since 2010 and is part of a strategy to keep a lid on prices.Jefferies noted the magnitude of the initial sale was "relatively small" and said while this could dent prices near-term, long-term fundamentals remained positive and tipped prices...Read More
"Over the years we believe we have spent less than we should be spending on exploration," Tyler told Reuters.Read More
(IDEX Online) - US sales of watches and jewelry in April were up by 176 per cent year-on-year, reflecting a robust recovery from the depths of the global pandemic. April 2020 saw total sales halved, as the first lockdowns and travel restrictions were imposed. Year-on-year sales have been steadily increasing since June 2020. In March 2021 there was a rise of almost 90 per cent, the first comparison...Read More
(IDEX Online) - Assets worth a total of $1.3bn seized from diamond fugitives Nirav Modi and Mehul Choksi, and businessman Vijay Mallya, have been returned to the banks in India from which they were allegedly defrauded.The Enforcement Directorate (ED), which investigates economic crime in India, said on Tuesday that it had unraveled a web of dummy entities at home and abroad used to rotate and...Read More
(IDEX Online) - A 21.86-carat natural pink diamond from the Kao mine, in Lesotho, is be sold next month in Antwerp.Kao is one of the few sources of pink diamonds following the closure last year of Rio Tinto's iconic Argyle mine, in Australia, which provided 90 per cent of the world's pinks.The rough stone (pictured), discovered on 18 May and named The Pink Palesa, will be offered for sal...Read More
Azure's Andover nickel shapes as a Pilbara NovaSPONSOREDazure mineralsThe FBICRC has just released a report, prepared by consultancy Accenture, that outlines two pathways towards 2030: sticking with a business-as-usual mining focus, or developing a diversified batteryRead More
Azure's Andover nickel shapes as a Pilbara NovaSPONSOREDazure mineralsWhile it was a great pick-up, St Barbara has never got close to 500,000oz.Read More
Osisko Development (TSXV: ODV) has released the latest drill results from the Valley zone at its Cariboo gold project in central B.C., approximately 115 km southeast of Prince George and 500 km north of Vancouver. Highlights included drillhole CM-21-005, which returned 10.7 metres grading 17.16 grams gold per tonne starting from 228.1 metres, including 1.25 metres of 20.20 grams gold. Hole CM-21...Read More