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
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company said the openpit contained known fault zones and it was implementing measures to manage production risks "in a localised area of Phase 10"."This additional caution while mining in the Phase 10 fault zone areas will remove ore from this phase of mining, impact productivity and result in less ore pr...Read More
The preliminary economic assessment for the Casino copper-gold-molybdenum project is positive, says owner Western Copper and Gold (TSX: WRN; NYSE: WRN). The PEA considered an open pit mine, a 120,000-tonne-per-day concentrator, and a 25,000tonne-per-day gold heap leach facility.The study forecast an after-tax net present value (at an 8% discount rate) of $2.3 billion and an after-tax internal rate...Read More
Nexus Gold (TSXV: NXS; US-OTC: NXXGF) has released the first assays from a recently completed diamond drill program at its 100%-owned Dakouli 2 gold project in central Burkina Faso, about 100 km north of the capital Ouagadougou.Highlights included drillhole DK-21-DD-001, which intersected 23 metres grading 0.95 gram gold per tonne starting from 112 metres, including 15 metres of 1.01 grams gold....Read More
Labrador Gold (TSXV: LAB; US-OTC: NKOSF) has reported the highest gold intercept to date at its Kingsway project in the central Newfoundland gold belt, about 18 km northwest of Gander.Drillhole K-21-17, a 30-metre step out to the northeast, intersected 1.85 metres grading 50.38 grams gold per tonne starting from 71.85 metres, including 0.55 metres of 160.42 grams gold.Drilled on the Big vein, K-...Read More
This week's episode features Ken Hoffman, senior expert for McKinsey's Basic Materials Institute (BMI), in conversation with Mining.com executive editor Frik Els at the Global Mining Symposium. Ken discusses the nickel market in-depth, and how battery makers, particularly in the West, are increasingly concerned about how they can secure a steady, ESG-friendly nickel supply over the coming decade.K...Read More
A new strategic partnership on raw materials has been announced between Canada and the European Union. This follows the June 14 summit in Brussels between Ursula von der Leyen (President of the European Commission) and Canadian Prime Minister Justin Trudeau. The leaders also reaffirmed their ambitious commitments on fighting climate change and protecting the environment.The mining industry in Cana...Read More
Nutrien (TSX: NTR; NYSE: NTR), has decided to increase potash production by 500,000 tonnes this year on the back of newly imposed trade sanctions on Belarus.The boost, which will bring total annual sales volumes to 13.8 million tonnes, comes on top of the half a million tonne output increase the world's biggest fertilizer company announced on June 7.Western economies, including the European Union...Read More
The Federal Reserve has pursued its 2% inflation grail with a monomaniacal determination, like madmen chasing phantoms or mad dogs chasing tails.It has largely been a juiceless pursuit... "as elusive as sheet lightning playing among June clouds."Inflation has bubbled a bit here, gurgled a bit there - but to no lasting effect.Experts dispute the causes. Among these are:Depressed worker wages result...Read More
As a fourth-generation explosives expert, Anthony Konya has mine blasting is in his blood. "My great-great grandfather was a well blaster in Hungary," Konya says. "They used to lower him down into a well in a bucket. He'd plant the dynamite, light the safety fuse and hope someone would pull him up before it went off." But technology has since improved those methods significantly, he noted.As...Read More
A year ago we were all waiting for the other shoe to drop. Covid cases were starting to swing up and we were heading into a tough summer.Nine months ago we hit a whole new level, now with an even bigger swing in cases in the works with a huge, steaming pile of political mayhem tossed on top.Three months ago, depending on the state, vaccines rolled out to all adults. We finally got to the point whe...Read More
FPX Nickel CEO Martin Turenne explains why nickel can be considered the ultimate battery metal.He provides a nickel market update as well as a FPX Nickel (...Read full newsRead More
The very people tasked with clamping down on and regulating Zimbabwe's illegal gold industry are some of its biggest beneficiaries, according to a recent report by the Southern Africa Resource Watch (SARW).Read full newsRead More
Sudan on Thursday signed nine concession agreements for gold and copper mining with eight local and foreign companies, the state news agency SUNA said.Read full newsRead More
TriStar Gold Inc. is pleased to announce that Nick Appleyard will be presenting a corporate update in a live webinar taking place on Wednesday, June 23rd at 12pm PT / 3pm ET.Read full newsRead More
Tempus Resources Ltd is pleased to provide an update of the drillRead full newsRead More
Kavango Resources (LON: KAV) and Power Metal Resources (LSE:POW) on Monday unveiled yet more encouraging results from their South Ghanzi project in the Kal...Read full newsRead More
Crowdfunding proves fruitful once again for UK lithium juniorRead full newsRead More
Markets downbeatRead full newsRead More
"Less liquidity from the US and a firmer dollar, plus prospects of a slowdown in China as the top consumer tries to rein in overheated markets weighed on sentiment," Marex's Anna Stablum said from the LME desk (Singapore).Copper closed down 1.8% to US$9,119.75 per tonne, a circa 7% drop for the week.The gold price has also slumped below $1,800 an ounce following the US Federal Reserve's indication...Read More
The junior said it opened up the opportunity to pre-registered investors 9:00am UK time and had hit its target "within 20 minutes".Read More