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
A preliminary economic assessment from Labrador Iron Mines Holdings (US-OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per year of material grading 62% iron.With a year-round mining rate of 5,500 tonnes per day, the material, after on-site crushing and screening, would be loaded onto trains, at 10,000 tonnes per day,...Read More
This week's episode features a keynote presentation from the Global Mining Symposium with Paul Brink, president and CEO, Franco-Nevada, and Daniella Dimitrov, partner, Sprott Capital Partners, on the state of the mining industry and whether we are, in fact, heading into a new commodities super-cycle. The panel was moderated by Cecilia Jamasmie, senior editor, MINING.com.This week's Mining Minute...Read More
Billionaire Robert Friedland-backed High Power Exploration (HPX) said on March 8 that it had raised US$200 million for its proposed Nimba iron ore mine in southeastern Guinea, home to some of the world's highest-grade deposits, including the giant Simandou.The funds received will enable the Canadian company to fast-track development of the project, which is expected to produce an initial 15 milli...Read More
Appia Energy (CNSX: API; US-OTC: APAAF) a technology metals company exploring for critical rare earths at its 100%-owned Alces Lake property in Saskatchewan, has begun bench scale monazite processing and metallurgical testing at the Saskatchewan Research Council (SRC) pilot plant using sample materials collected from the high-grade rare earth elements (REEs), gallium and uranium property at Alces...Read More
Victory Resources Corporation is pleased to announce it has complRead full newsRead More
Strong copper demand from China's EV market will offset lower consumption from housing and powerRead full newsRead More
Welcome To Canbud: Always On The Move...Read full newsRead More
Chinese drone giant DJI Technology Co Ltd built up such a successful U.S. business over the past decade that it almost drove all competitors out of the market.Read full newsRead More
Metals, majors mixedRead full newsRead More
How Top Gold Mining Stocks Performed in 2020 Gold mining stocks and the GDX saw strong returns in 2020 as gold was one of the most resilient and ...Read full newsRead More
In northern Nevada, the gold mining industry has dominated for decades. Now Nevada lawmakers want to tap into that vein of wealth to ease the pandemic-induced budget crunch.Read full newsRead More
President Joe Biden said yesterday the America Rescue Plan was "going to start almost immediately".He said more than 85% of American households would get direct payments of $1,400 per person.Elsewhere market futures were mixed.In China, the National People's Congress is holding its week-long annual meeting in Beijing, where it's already announced plans to boost GDP by 6% this year and to overhaul...Read More
Speaking to an online discussion ahead of this week's Prospectors and Developers Association of Canada annual convention, Mantashe had acknowledged the challenges facing the sector but declared the country open for business.He outlined investments by Sibanye-Stillwater, Impala Platinum, Anglo American's Kumba Iron Ore and junior Orion Minerals, saying the announcements indicated South Africa was s...Read More
(IDEX Online) - The Biden administration is under pressure to re-impose sanctions on Israeli diamond billionaire Dan Gertler (pictured).He had his US assets frozen in 2017 amid allegations that he'd looted the Democratic Republic of Congo of its copper, cobalt and other mineral resources.Former President Trump quietly, and controversially, granted him a reprieve during his final days in offic...Read More
(IDEX Online) - Pink diamonds from the now-closed Argyle mine have been incorporated into new Jewelled Horse gold coins by Australia's state-owned Perth Mint.They are legal tender, with a face value of A$2,000, although it's highly unlikely any will actually be used as cash.They each have 2.76-carats of fancy intense vivid pink and purplish-pink Argyle diamonds and cost US$194,833....Read More
(IDEX Online) - Chanel's iconic No.5 perfume has been immortalized in a diamond weighing 55.55-carats and cut in the shape of its signature bottle.The D-color flawless emerald cut, octagonal diamond has been crafted into a necklace, surrounded by 104 round diamonds and 42 baguettes.Chanel No.5 was created 100 years ago by Ernest Beaux and Gabrielle Chanel and is the world's best-selling...Read More
Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesLynn Lake the next major nickel sulphide discovery?SPONSOREDcorazon miningDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningThe Melbourne-based company outlined a plan to reach 2 million tonnes...Read More
Davyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningMicon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesLynn Lake the next major nickel sulphide discovery?SPONSOREDcorazon miningIt was Rio Tinto's view new leadership was necessary "to advance work...Read More
Osisko Metals (TSXV:OM) has reported assays for the first four holes drilled as part of an infill and hydrogeological program at the past-producing Pine Point zinc-lead project in the Northwest Territories, 60 km from Hay River. These drillholes targeted the R190 deposit in the West zone at Pine Point, which hosts higher-grade vertical prismatic deposits.Three of the holes were infill and the four...Read More