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
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks to take advantage of renewed interest in gold investments.The miner won't sell new shares, but said the IPO would broaden its financing opportunities and help the company to retain key managers. It said it hoped for a premium...Read More
Recent drill results from Newcore Gold's (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company's district-scale exploration opportunity in Africa's top gold producing nation, president and CEO Luke Alexander tells The Northern Miner.On June 1, Newcore reported drilling at the Boin gold deposit, one of three resource-stage deposits comprising Enchi, had intersected 0.9 grams gold...Read More
"The evidence is clear. COVID lockdowns saved lives without harming economies."This we have the authority of one Los Angeles Times columnist - Mr. Michael Hiltzik by name.Here is the clear evidence he cites:An Italian team found that lockdowns start to reduce the number of COVID infections about 10 days after they start, and keep reducing the case rate for as long as 20 days following initiation.F...Read More
For more than a year now, I've been ringing alarm bells about inflation.But earlier this spring (March 11) I called out oil prices specifically."Oil prices have staged a comeback and are now trading above $65 per barrel - an 80% surge from their October lows," I noted. "Better still, for the industry at least, they're poised to shoot even higher."And indeed oil prices have continued their climb.We...Read More
Atlantic Gold's environmental impact statement drew strong criticism from individuals and groups who weighed in on the Fifteen Mile Stream project.Read full newsRead More
Marvel Discovery Corp. is pleased to report it has received its fRead full newsRead More
More reforms needed to prevent year-long delaysRead full newsRead More
Tesla is expected to become the first automaker to use LG Energy Solution's new NCMA battery cells, which have a 90% nickel composition. Over the last few years, Tesla has been adopting more new chemistries in its battery cells for its electric vehicles, especially with new vehicles being produced at Gigafactory Shanghai. By validating new [...]Read full newsRead More
Trend over the last decade suggests nuclear is in declineRead full newsRead More
The latest attempt to gauge the strength of the mining industry has been made by measuring activity in the services sector and by tracking costs.Read More
Share this article TORONTO - Maritime Resources Corp. [MAE-TSXV] on Wednesday, June 2 said it has initiated a fully-financed exploration program at its Hammerdown gold project in the Baie Verte mining district on the island of Newfoundland.The company said exploration activities are underway with two drills exploring along the highly prospective Hammerdown Deformation Zone, and will work outwards...Read More
(IDEX Online) - Banks that lost money in a $770m gold and diamonds loan scam in India in 2013 have won a legal victory in their bid to trace the missing cash.A British judge yesterday restored four UK shell companies suspected of having laundered money lent to Indian-based Winsome Diamonds.The move may enable Standard Chartered Bank and other lenders to trace the assets of an Indian gold and diamo...Read More
(IDEX Online) - Hundreds of traders crowded the Israel Diamond Exchange (IDE) for the first Blue and White fair since lockdown restrictions were imposed more than a year ago.Among the 50 industry leaders exhibiting on the trading hall at Ramat Gan were Tache, Lili Diamonds, S. Schnitzer and Andre Messika.Almost all coronavirus restrictions have now been lifted in Israel after a vaccination program...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe two companies have enjoyed a fractious relationship in recent years with differing opinions on the strategy to advance Cascabel.Read More
The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from US$15,750 per tonne to US$16,500 per tonne for 2021.London Metals Exchange nickel prices are expected to tick lower than present spot levels in the coming months, as demand from steel production stabilises and new n...Read More
SolGold (TSX: SOLG; LSE: SOLG) and shareholder Cornerstone Capital Resources (TSXV: CGP) have ended a two-year standoff that cost the miner's chief executive officer his post, agreeing to jointly advance the Cascabel copper-gold project in northern Ecuador.The move will allow the parties to explore financing options for the mine, which is expected to begin production in 2025.Canada's Cornerstone h...Read More
Foran Mining (TSXV: FOM) is considering expanding the 30,000 metre drill program under way at its McIlvenna Bay project in Saskatchewan after receiving encouraging results and a deal with Fairfax Financial Holdings for a $100 million investment.Drilling at McIlvenna Bay continues to define a band of thick, copper-rich mineralization in the Massive Sulphide (MS) and underlying Copper Stockwork zone...Read More
Privately held Minera????o Vale Verde (MVV) and funding partner Appian Capital Advisory have completed construction of the Serrote copper-gold project in Alagoas, Brazil, ahead of schedule and under budget.At full capacity, the mine will produce on average 22,000 tonnes per year of copper at a time when the metal price is trading at record highs and in an environment where the gold price could set...Read More
It doesn't have the flash of gold...... And it's nowhere near as sexy as silver...It's not even as well-known as the more boring metals like copper, nickel, and zinc.But vanadium has long served as a vital industrial metal. And now it's quickly transitioning into a critical energy metal.Vanadium is a soft white metal (chemical element V and atomic number 23) that's mostly used as a steel hardener....Read More
Please take aboard these three suppositions:Supposition 1): An economy's production of goods increases 12% across one year.Supposition 2): Its money supply blooms at the identical 12% rate across the same year.Supposition 3): Demand for goods and supply of goods balance in perfect equilibrium.Now stack suppositions 1,2 and 3, one upon the other. What should you expect?You should expect no general...Read More