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
If you like roller coaster rides, then you should love Bitcoin. Bitcoin investors have been on a stomach-churning ride for the past few months.Bitcoin traded at $33,537 on February 1 before really taking off. By mid-April, it topped out at around $64,829 before sliding down.Last Wednesday, Bitcoin suffered a single-day collapse of 30%. Then, yesterday afternoon, Bitcoin plunged sharply to $31,227,...Read More
How does Elon Musk really feel about cryptocurrency?I wouldn't blame you if you're confused. The Tesla founder's recent erratic behavior has sent the entire crypto market up and down faster than an exploding SpaceX rocket. And it doesn't look like he's done with his wild shenanigans.First, the mere announcement that he was going to host Saturday Night Live sent his pet crypto Dogecoin soaring to r...Read More
For months, human traffickers beat and drugged Blessing, hauling the 27-year-old from one gold mine encampment to the next, where each night she was forced to sleep with dozens of men for less than $2 a person.The madam who lured Blessing to the landlocked West African nation of Burkina Faso with promises of a hair salon job, threatened to kill her if she tried to run away."Nobody comes to your re...Read More
SECACO, Burkina Faso (AP) - For months, human traffickers beat and drugged Blessing,...Read full newsRead More
(IDEX Online) - Specialty jewelers have been recovering well after the devastating early months of the pandemic, according to the first figures release by the US Department of Commerce for well over a year. It's the first time we've seen official figures since January 2020. They show sales in the April 2020 crash fell by 78.5 per cent - slightly worse than the 75 per cent estimate...Read More
(IDEX Online) - A gem trader is accused of knowingly buying $750,000 of diamonds to help the mafia launder proceeds of a $35m tax fraud.The Swiss citizen, identified only as C, cannot be named because of local reporting restrictions.He's alleged to have bought the diamonds in Israel for three Italian accomplices involved in organized crime who were jailed in 2011 for a VAT scam, according to...Read More
For months, human traffickers beat and drugged Blessing, hauling the 27-year-old from one gold mine encampment to the next, where each night she was forced to sleep with dozens of men for less than $2 a person.The madam who lured Blessing to the landlocked West African nation of Burkina Faso with promises of a hair salon job, threatened to kill her if she tried to run away."Nobody comes to your re...Read More
SECACO, Burkina Faso (AP) - For months, human traffickers beat and drugged Blessing,...Read full newsRead More
SECACO, Burkina Faso (AP) - For months, human traffickers beat and drugged Blessing,...Read full newsRead More
The growing market for electric vehicles is likely to see increased pressure for nickel, a critical component for the nickel-manganese-cobalt (NMC) batteries used in EVs, Ken Hoffman, senior expert at McKinsey's Basic Materials Institute, said during The Northern Miner's Global Mining Symposium in May.In an interview with Frik Els, executive editor of MINING.com, Hoffman said that sales of EVs rea...Read More
Beneath all the psychotic babble that's afflicting the collective national hive-mind over a pandemic that comes and goes in waves, and phantoms of contrived identity animus, looms an economy that would collapse without gigantic IV infusions of "money" from the false god that our government has become.The collapse is working its way out in strange ways as we create ever stranger work-arounds for av...Read More
Be it gold, copper, cobalt or uranium, the African continent has powerful resources for mining.Read full newsRead More
For months, human traffickers beat and drugged Blessing, hauling the 27-year-old from one gold mine encampment to the next, where each night she was forced to sleep with dozens of men for less than $2 a person.The madam who lured Blessing to the landlocked West African nation of Burkina Faso with promises of a hair salon job, threatened to kill her if she tried to run away."Nobody comes to your re...Read More
For months, human traffickers beat and drugged Blessing, hauling the 27-year-old from one gold mine encampment to the next, where each night she was forced to sleep with dozens of men for less than $2 a person.The madam who lured Blessing to the landlocked West African nation of Burkina Faso with promises of a hair salon job, threatened to kill her if she tried to run away."Nobody comes to your re...Read More
New Pacific Metals Corp. is pleased to announce that the Company has received approval to list its issued and outstanding common shares on the NYSE American stock exchange.Read full newsRead More
Fredericton, New Brunswick--(Newsfile Corp. - May 20, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (Read full newsRead More
Optimism in the space has been boosted by the US government looking to build a strategic uranium reserve and president Joe Biden stating that nuclear has a clear future within the nation's energyRead More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe two first entered into the option agreement in September 2020 and have since completed a jointly designed validation program, which provided further support for the project's copper potential.Read More
New research by S&P Global Market Intelligence has found that among more than 400 mining companies examined, actual capital expenditures fell 8% in 2020 regional lockdowns forced work stoppages and placed global supply chains under unprecedented stress.At the beginning of 2020, the miners' group was forecasting capex of US$162 million, a 9% year-on-year increase of 2019. But as the pandemic impa...Read More
First Majestic Silver (TSX: FRI; NYSE: AG) is investing $1.3 million in Blackrock Silver (TSXV: BRC; US-OTC: BKRRF), which has a portfolio of gold and silver properties in Nevada.First Majestic, which recently acquired the Jerritt Canyon gold mine in Nevada from Sprott Mining and has three producing silver mines in Mexico, is taking up just over half of Blackrock Silver's $2 million non-brokered p...Read More