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
Pure Gold Mining (TSXV: PGM; LSE: PUR) has released the results of surface exploration drilling completed at the Wedge, Treasure Box and No. 1 Vein targets within its 47-sq.-km PureGold property in Red Lake, Ontario. The drillholes hit intervals of high-grade gold outside of the existing resources - a resource update is underway with results expected in the second quarter.Drill highlights from the...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced on March 4 that its CEO Ulf Quellmann is leaving the company after majority-owner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) told the Canadian miner that it planned to vote against his re-election at the annual shareholders' meeting in May.The board has appointed Steeve Thibeault as interim CEO. Thibeault previously served as the company's c...Read More
Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EUR
Huntsman Exploration says early indications from its new 16-hole, 3500m drill programme at the Canegrass project in Western Australia show strong nickel sulphide intersects among targets located along a 7km mineralised trend. The programme follows up on the company's 2018 success, which according to CEO Peter Dickie, show massive potential.Although assays from the current programme are pending, ni...Read More
The list of problems exposed by the cold snap in Texas last month is long and depressing.From a billing system being blamed for doing exactly what it was designed to do with variable pricing... to normally grandstanding politicians squabbling over who should take the blame... to energy generation and transmission systems that were revealed to be flawed about a decade ago and never improved.Never o...Read More
"The financial memory," argued John Kenneth Galbraith, "should be assumed to last, at a maximum, no more than 20 years."Why 20 years?This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as...Read More
Xplore Resources Corp. announces today that it has received condiRead full newsRead More
Cabin Lake property fly-over video, including drill holes (historic and planned).Read full newsRead More
Hut 8 mining is one of the largest and most innovative Bitcoin mining companies in the world. There are several advantages that set them apart and they are t...Read full newsRead More
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Benton Resources has launched its campaign on the Investing News NetworkRead full newsRead More
March 2, 2021 TheNewswire - Vancouver, British Columbia VolcanicRead 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
Under-pressure Thompson bows to pressureRead full newsRead More
The precious metal has been dented by the prospect of US fiscal stimulus boosting the economy and inflation, prompting an earlier than expected interest rate rise.It was worth around $1,710/oz at the time of writing.Wall Street closed lower but the FTSE 100 was up almost 1% as it continued its recovery.Down Under, Australia's 3.1% rise in fourth quarter GDP cemented a strong recovery, ANZ Research...Read More
The LME aluminium price has risen 25% since the beginning of October, with the metal currently trading at about US$2,150/t.Read More
Mantashe was addressing a panel discussion hosted by Fasken Law ahead of the Prospectors and Developers Association of Canada's 89th annual event this month, which is being held digitally for the first time due to the COVID-19 pandemic.Mantashe acknowledged South Africa's slide in terms of luring investors according to the Fraser Institute's annual survey of mining companies released last week.&nb...Read More
Share this article Pure Gold Mining Inc. [TSXV-PGM; LSE-PUR] provided an update on commissioning and ramp-up activities at its high-grade PureGold Mine in Red Lake, northwestern Ontario.Since pouring first gold in December 2020, commissioning at the mine has transitioned to full scale ramp-up of mining and milling operations with approximately 260 persons employed at the mine site.Performance has...Read More