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
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) announces today that in connection with the appointment of Tim Gabruch as the Company's President and Chief Executive Officer, Mr. Gabruch has been granted 250,000 incentive stock options (the "Options"). The Options are exercisable at a price of $2.44, vest in three equal annual instalments commencing on the grant date and have...Read More
/PRNewswire/ -- Over the last decade, the global demand for gold has increased constantly and the pandemic has only bolstered that historical growth in both...Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce it has appointed Mr. Marc Bertrand to the board of directors, effective immediately.Mr. Bertrand was the founder, President and CEO of Mega Brands, which was acquired by Mattel Brands in 2014 for more than US $450M. MEGA Brands had net sales for fiscal year 2013 of US $405 million, and as...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") is pleased to provide a product and new feature update on its wholly owned royalty portfolio company Green Compliance Inc. ("Green Compliance") and its ezGreen proprietary software that delivers HIPAA compliant point-of-sale (POS) solutions for licensed cannabis dispensaries and cultivators in the Unite...Read More
Vancouver, BC February 17, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce the appointment of Liz Monger as Vice President, Investor Relations, effective February 17 2021.Ms. Monger has 25 years of investor relations, communications and compliance experience and was most recently the Manager of Investor Relations and Corporate Secretary at Midas...Read More
The pattern indicated further losses could be on the horizon, Bloomberg said, adding a stronger dollar and better-than-expected US economic data had diminished the appeal of the metal as a haven.Comex gold for April delivery was down around US$1,775 an ounce and the price was similar on the spot market at the time of writing.Meanwhile gold major Newmont has announced it would increase its quarterl...Read More
Ivanplats has signed a non-binding term sheet with Orion Mine Finance for a $300 million streaming facility, and has appointed Societe Generale and Nedbank as lead arrangers for a $120 million debtRead More
(IDEX Online) - Alrosa, Russia's state-owned miner, has named a 100-carat light yellow diamond after the country's COVID-19 vaccine.It says the gem (pictured) is a 100.53-carat flattened octahedron recovered from alluvial deposits in Yakutia, in the far east of the country, and is a natural wonder - like the vaccine.Last September Sputnik V became the world's first approved co...Read More
(IDEX Online) - Angola's state-owned diamond company is partnering with the investment group Gemcorp to develop a pilot mining program in the remote north-east of the country.Endiama hopes the Mulepe diamond deposit, in Lunda Norte, will help Angola to become one of the world's top-three diamond producers.The site contains significant untapped kimberlite and alluvial deposits. Initial es...Read More
(IDEX Online) - The Gahcho Kue mine, in Canada, has yielded its largest diamond since operations began there more than four years ago.The 157.38 carat gem, described as being of "of exceptional quality", will be sold later this month at a tender of special-size stones in Antwerp.Canadian miner Mountain Province has named the gem Polaris after the North Star, because of its rare natural blue fluore...Read More
(IDEX Online) - US President Joe Biden has blacklisted three gemstone companies in Myanmar because of their links with military regime that ousted state counsellor Aung San Suu Kyi as leader earlier this month.The country produces 90 per cent of the world's high-end rubies, many of its most expensive sapphires, and it supplies China with much of its jade.Sanctions now prohibit Myanmar Ruby En...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe TSX and LSE-listed miner reported EBITDA of US$725 million in Q4, beating consensus forecasts of $712 million and well above a forecast by investment bank Jefferies of $643 million.Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationRock sampling returned grades as high as 2.9% copper within a copper anomaly of greater t...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationPolyMet continues to litigate that permit in the Minnesota Court of Appeals, in part to d...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesAtico said the relief valve, for the pipe which transported material to its tailings facility, had malfunctioned on February 11 "and as a result some material was discharged"."At this point in time, the company does not believe the incident posed any material threat to the health of employees, communities, or the environment," Atico said...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe global activity dispersion index averaged 46.5 in January, sharply lower than the 55.2 recorded in December, with 2020 activity levels said to be remarkably higher than 2019 driven by China's post-pandemic recovery. The January drop was put down to a large decline in European activity levels and continued weakness in North Ameri...Read More
Southern Silver Exploration (TSXV: SSV) is sitting on one of the world's largest undeveloped silver projects, Cerro Las Minitas in Durango, Mexico. The flagship property is now under 100% control of the company since it bought out its partner, Electrum Global Holdings, in September 2020 and the company is intent on not only making the project bigger, but better.Southern Silver acquired Electrum's...Read More
An Ontario government task force issued a series of recommendations aimed at making capital raising in the public markets easier for issuers of all sizes, something that experts say could be especially beneficial for Canada's junior miners.In its final report in January, the Ontario Capital Markets Modernization Taskforce called for 74 sweeping reforms to the province's capital markets, including...Read More
Miners have more than their fair share of superstitions. The more you dig into the world of mining lore and myths, the more you realise how hard a job it was. The nasty, smelly bowels of the earth aren't kind to those who choose to grub around down there. Death was everywhere, and most men underground counted themselves lucky to live past 40. If rockfalls or dead air didn't get them, silicosis wou...Read More
Osisko Mining (TSX: OSK) has released an updated resource estimate for its Windfall gold deposit in Quebec, which, according to CEO John Burzynski, "places Windfall among the best high-grade development projects globally."Measured and indicated tonnes now total 6 million tonnes at 9.6 grams gold per tonne, for 1.9 million gold oz. and inferred resources add 16.4 million tonnes at 8 grams gold per...Read More