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
The precious metals-focused royalty and streaming business model continues to unlock value through win-win deals for exploration and development, Gold Royalty (NYSE-AM: GROY) CEO David Garofalo told The Northern Miner's recent Global Mining Symposium.The prominent mining executive has made the transition to the royalty and streaming business. Garofalo is perhaps best remembered for his role as CEO...Read More
Over the next ten years, the outlook for the lithium sector is "as bright as ever" amid fast production and demand growth, a new report from Fitch Solutions and Country Risk shows.The global acceleration towards decarbonisation, the electrification of vehicles and energy storage continues. It provides a backdrop for fast-paced change in a market traditionally dominated by only a handful of partici...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) and partner Ganfeng Lithium have approved a second-stage expansion at the Cauchar?--Olaroz lithium project in Jujuy province, Argentina.Cauchar?--Olaroz, named after the two salars in northwest Argentina where the project is located, has an annual production capacity of 40,000 tonnes lithium carbonate equivalent (LCE) over a projected mine life of 40 years.De...Read More
The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments.The DRC, the world's no.1 cobalt producer and Africa's biggest copper miner, banned exports of concentrates in 2013 to encourage miners to process and refine the ore locally.Insufficient smelting capacity, however, has driven...Read More
South Korea's state pension fund, the world's third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to reduce carbon emissions and pursue responsible investment strategies.The National Pension Service's (NPS) plan is to restrict investment in coal miners and businesses tied to coal power by adopting "negative screening." The approach consists o...Read More
Prices are rising.I've been telling you that for more than a year now. But now everyone else is coming to realize that.Even a cursory look at pricing data is disappointing, if not bleak. I know we've all been cooped up in our houses for the past year. And if you're anything like me, you've been dying to get out - out of the house, out of the city, out of the state.But if you do, be ready to pa...Read More
You can now buy gold-backed NFTs with the mining carbon footprint offsetRead full newsRead More
The gold exploration company is failing to shine today on the back of its equity raising announcement. The post Why the Dacian Gold (ASX:DCN) share price is sliding 5% today appeared first on The Motley Fool Australia.Read full newsRead More
Laurion Mineral Exploration Inc. today announced that it is prRead full newsRead More
Gold Mountain Mining Corp. is pleased to announce an updated prelRead full newsRead More
35 RC drill holes completed with gold discoveries confirmed at boRead full newsRead More
Batie West PEA showed NPV 5% of just US$63 million against capex of $265 millionRead full newsRead More
High grade copper project starts ahead of scheduleRead full newsRead More
The firm said budgetary nonchalance, the merging of monetary and fiscal policy and the creation of new tasks for monetary policy mean that inflationary forces are now stronger than deflationary ones.Read More
(IDEX Online) - A 73.11-carat fancy vivid yellow diamond will lead The Roaring Twenties 2.0 auction at Sotheby's New York next month.The Sienna Star, a VS2-clarity, natural color, cut-cornered square step-cut stone, is set in 18 karat white gold ring with about 4.45 carats of near-colorless F-G color, VS clarity diamonds.It is a described as one of the most important creations by London-...Read More
(IDEX Online) - Fugitive diamond trader Mehul Choksi was arrested yesterday in Dominica, three days after he disappeared from Antigua, about 120 miles away by sea.There is media speculation that after arriving on the tiny island by boat he was intending to travel by sea to Cuba, 1,150 miles away.He is wanted in his home country of India, where he and nephew Nirav Modi are accused of defrauding the...Read More
(IDEX Online) - A former Pandora worker says she's exposed a cheating customer who bought one ring for his girlfriend ... and another for his "sidepiece".The video, posted on TikTok, has attracted 2.6m views in 10 days.Eli from Montreal, Canada, says the customer came clean and explained who the rings were for when she asked if he wanted one receipt or two for the $45 and $50 silver and cubic...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationSpeaking on company webinar on Wednesday morning, Jonathan Barnes, Roskill's principal copper consultant, said e-scrap was an "undervalued and unappreciated resource, which is being wasted".Read More
South America is home to rich deposits - not only of gold and silver, but of copper, zinc and lithium. Here are eight Canadian companies that are making the most of the potential.ALDEBARAN RESOURCESHigh in the Argentinian Andes Aldebaran Resources (TSXV: ALDE) has brought is Altar porphyry copper-gold project to the advanced exploration stage. The project has several deposits, but only two (Altar...Read More
79North (CSE: JQ; US-OTC: SVNTF) has made a new discovery at its 20,000 hectare Nassau gold project in Suriname, about 20 km south of Newmont's (TSX: NGT; NYSE: NEM) Merian gold mine and 60 km east of Iamgold's (TSX: IMG) Rosebel gold mine.The new discovery called the Carbonara gold zone - mostly concealed by jungle - is contained in a quartz vein-like body that is at least 1,600 metres long and s...Read More