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 explorationIvanhoe said the accident occurred underground when a contractor's employee was hit in the leg by a loose rock while working at one of the mine's working faces, causing him to fall backwards, striking his head on a rock."Despite immediate first-aid assistance by his colleagues, he passed away at the accident...Read More
Ms. Janet Yellen is talking again. From comments Sunday:"If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view."A higher interest rate environment would likely arise from a higher inflation environment.Inflation is presently on the jump.Is it "transient" as the Federal Reserve insists? Or is it a mere for...Read More
Drilling at Turmalina Metal's (TSXV: TBX; US-OTC: TBXXF) San Francisco project in Argentina has returned high-grade copper mineralization from the San Francisco del Andes (SFdLA) breccia, one of more than 60 tourmaline breccia occurrences mapped so far on the property, several of which have supported small-scale mining.Highlights included 17 metres grading 4.33% copper, 0.64 gram gold per tonne,10...Read More
The Toronto-quoted shares of Canadian project developer Newcore Gold (TSXV: NCAU, US-OTC: NCAUF) surged nearly 15% this morning following an updated preliminary economic assessment (PEA) on the flagship Enchi project in southwest Ghana.The updated study, prepared by BBA E&C, considers a 6.6 million tonne-per-day open-pit, heap-leach operation, producing on average 104,171 oz. gold between years tw...Read More
Since Callinex Mines (TSXV: CNX; US-OTC: CLLXF) resumed drilling in mid-February at the Rainbow deposit at its Pine Bay project in Manitoba's Flin Flon district it has completed 10,005 metres of a 30,000 metre drill program and continues to intersect high-grade copper mineralization.Highlights reported today from Rainbow were 4.87 metres grading 14.94% copper starting from 862 metres, including 2....Read More
This week's episode features Vale's Anthony Downs and Newmont's Dean Gehring in conversation with Northern Miner senior reporter Carl A. Williams at the Global Mining Symposium. Anthony and Dean discuss the merits of the cloud, particularly across global mining operations, as well as common cybersecurity challenges. Anthony Downs has joined Vale in September 2019 as Head of Digital Transformatio...Read More
Noront Resources (TSXV: NOT) has rejected a loan offer from major shareholder and Australian mining magnate Andrew Forrest's Wyloo Metals late last week, citing an "immediate need for funding."Instead, Noront, the largest landholder of Ontario's emerging Ring of Fire nickel and chromite camp, opted to pursue a private placement financing to address its near-term working capital commitments, with t...Read More
Worldwide uranium production will recover by 3.1% to reach 51,200 tonnes in 2021 as significant mines come back online following a Covid-19 hiatus, new analysis by GlobalData shows.The increased optimism among industry participants comes as uranium spot prices edged higher in May after languishing rangebound between US$25 to US$30 per lb. for several years. Nuclear-fuel data and research company U...Read More
Protect your assets against current threats but remember that nothing lasts forever. It is a lesson that mining executives and metals investors should know, and was learnt long ago by the builders of medieval castles. New technology is driving resurgent demand for one of the world's oldest metals, but while copper is benefiting from human progress, innovation has been the death knell for other met...Read More
Slave Lake Zinc's (CSE: SLZ) 100%-owned O'Connor Lake project in the Northwest Territories, about 185 km southeast of Yellowknife and 150 km east of Hay River, has the potential to be a very significant base metal producer, says Ritch Wigham, the company's CEO. The 188-hectare property comprises zinc and lead deposits with variable gold, silver, and copper content occurring within a mineralized...Read More
Royalty juniors co-exist in a noisy space, just like exploration companies do, but what is essential to their success is exposure to active, rather than envisioned exploration programs.The junior gold mining market is flooded with exploration companies claiming to have found the next big target, but the reality is any discovery made may likely take them five or ten years to develop into an operati...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe future economy is looking greenSPONSOREDlomiko metals incKSM is one of the largest undeveloped gold-copper deposits in the world with proven and probable reserves of 3...Read More
The world has changed. The world has not changed. Embrace the chaos, but not in your portfolio.I don't need to go into the details about how damn weird things are right now. Housing, retail, tech, commodities, everything is in flux. The threat of rampant inflation, a Fed stuck in an impossible situation. Yet the fundamentals really haven't.All of this matters but it doesn't help us make some money...Read More
BARRICK GOLD-PORGERA/:Barrick CEO hopes Papua New Guinea gold mine will restart this yearRead full newsRead More
HGZ - near surface32.91 gt Au over 6.40 metres, including 148.82Read full newsRead More
Alien Metals (LON: UFO | OTCMKTS: ASLRF | FRA: I3A1) posted very encouraging results on Monday from maiden drilling at its Hancock Iron Ore project in West...Read full newsRead More
(IDEX Online) - A flawless 10.59-carat diamond ring sold for $968,000 at Phillips Hong Kong, well above its pre-sale estimate of $700,000 to $850,000.The D-color type IIa Asscher-cut stone was cut from a 30.80 carat rough diamond recovered at the Letseng mine, Lesotho.Phillips said the 165-lot Jewels and Jadeite sale on Saturday (5 June) raised $6.8m in total, with 76 per cent sold by lot, but onl...Read More
(IDEX Online) - Alrosa expects to increase rough diamond prices, as consumer demand outstrips slowing supply.The Russian state-controlled miner has a stockpile of more than 23 million carats, and has a 31.5m carats target for 2021."Demand for diamonds from retail is very high," said the company's CEO Sergei Ivanov (pictured). "So the scale of orders coming from the midstream, as I dare to ass...Read More
(IDEX Online) - A new trade fair launches this September in Denver, Colorado, USA.The HardRock Summit will feature gemstones and jewelry at Sparkle & Joy, and minerals, fossils and meteorites at a parallel event called Evolution.Organizers are expecting 400 exhibitors altogether at the Colorado Convention Center (pictured) and the nearby Sheraton Denver Downtown Hotel.Co-founders of HardRock a...Read More
With copper's key role in the transition to greener forms of energy to fight climate change, along with soaring prices for the metal, companies are accelerating their work plans at copper projects around the world. We profile eight companies with copper projects.ASCENDANT RESOURCESAscendant Resources (TSX: ASND; US-OTC: ASDRF) is focused on the exploration and development of the Lagoa Salgada volc...Read More