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

January's services PMI came in at 52, missing a forecast of 55.5 and down from 56.3 in December.It was the lowest reading since April 2020, albeit showing the ninth consecutive month of expansion, Marex Spectron's Alastair Munro noted.It followed Caixin's manufacturing PMI for January showing a loss of momentum earlier this week.Metals and mining equities closed collectively higher in Toronto.Glob...Read More

All the big iron ore miners have been sold down since hitting multi-years highs last month, with some of the selling almost certainly the result of profit-taking thanks to a better-than-expectedRead More

Share this articleVANCOUVER - Almaden Minerals Ltd. (TSX: AMM; NYSE: AAU) today provided an update regarding its intentions for advancing the Ixtaca project during 2021.As previously disclosed, Almaden was informed late last year that the company's initial environmental impact assessment in respect of the Ixtaca project did not receive approval from the Mexican federal permitting authority, Secret...Read More

(IDEX Online) - US jeweler Helzberg is expanding its own-brand offering, with a new range of a dozen lab-grown diamond engagement rings.It's been selling other brands of bridal and other lab-grown jewelry since 2017.But it has now partnered with Jenny Packham, a favorite designer of the British Royal Family, who has created a dozen platinum rings with colorless lab-grown diamonds.Helzberg say...Read More

(IDEX Online) - Junior miner Diamcor says it has resumed operations at Krone-Endora mine, in South Africa, after almost a year of Covid-enforced closure.The Canadian company has delivered 4,174 carats of rough diamonds for tender and sale since December.  The mine had been closed since March because of the pandemic.It acquired the deposit at Venetia Project from De Beers in February 2011, and...Read More

(IDEX Online) - Botswana is increasing its value-added tax to boost revenue after a disastrous year for diamonds and other minerals.The country relies on mining for 80 per cent of its foreign earnings and has been badly hit by the global pandemic.Finance minister Thapelo Matsheka announced a VAT increase from 12 per cent to 14 per cent when he presented his annual budget on Monday, the first time...Read More

(IDEX Online) - A young Indian jeweler has smashed the Guinness World Record for the most diamonds set in one ring - a dazzling 12,638.Harshit Bansal, 25, took the title from another Indian jeweler, Kotti Srikanth, whose 7,801-diamond ring was officially recognized in September 2020.Harshit, founder of Renani Jewels in Meerut, said he was inspired to set a new record while studying jewelry design...Read More

(IDEX Online) - De Beers today reported $650m of rough sales at its first sight of 2021 - the highest figure for three years.It reflects a need for the midstream to restock, coupled with a more flexible approach by the miner and a sight that was extended beyond its normal week because of ongoing travel restrictions.The provisional $650m figure is the highest since January 2018, when actual sales f...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesVice-president of exploration Sergio Riviera said the survey, which consisted of five east-west lines on 300m north-south spacing for a total of 17.Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesManaging director Errol Smart said during financing and partnership talks for its Prieska copper-zinc development in SA, the Okiep project kept coming up.Read More

Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project in Saskatchewan, 550 km northwest of Prince Albert. "One of our key goals is to maximise the size and quality of the Triple R deposit ... while also further de-risking the project as a whole," Fission CEO Ross McElroy stated in a news release....Read More

Five years after drilling the initial hole at its Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has released a high-margin feasibility for the project and the company's board has formally approved construction of the 1,250 tonne-per-day mine.The 8.5-year underground mine would produce an average of 5.2 million oz. of silver and 56,000 gold oz. annu...Read More

Pan American Silver (TSX: PAAS; NASDAQ: PAAS) founder Ross Beaty will step down in May as the company's chairman and has appointed board member Gillian Winckler to replace him.Trained as a geologist, Beaty launched Pan American in 1984 and has served as its chairman since then. He was also CEO from the company's inception until 2004."I am so proud and grateful to have worked with our wonderful and...Read More

In mid-January Graphite One's (TSX: GPH; US-OTC: GPHOF) Graphite Creek project in Alaska was designated as a High-Priority Infrastructure Project (HPIP) by the U.S. government's Federal Permitting Improvement Steering Committee (FPISC). The approval comes after the project was originally nominated for HPIP designation by Alaskan governor Mike Dunleavy in October, 2019.In his 2019 nomination letter...Read More

Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board.Carroll, who led Anglo American for more than five years until she stepped down in 2013, has vast experience in the sector. While at Anglo's helm, she was one of only four female CEOs among FTSE-100 co...Read More

Studying the maths of base metals' price behaviour is not done to compete with conventional market analysis, rather it helps all analysts to better quantify relationships between market circumstances and price, as well as to check whether their thinking on price behaviour is up-to-date, as price behaviour changes over time.We have worked together to study and quantify base metal price behaviour fo...Read More

After starting to trade on the TSX Venture in December, Osisko Development (TSXV: ODV) has reported its second set of drill results from the conversion drill program underway at the Cariboo gold project in central B.C.The latest results are from the Cow Mountain and Valley vein corridors, which lie along strike.Drill highlights from the Valley zone included 8.4 metres of 8.43 grams gold per tonne,...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedFilo has four drill rigs on site with a fifth coming soon. One goal is to tighten the drill spacing around some of the 1km-long intercepts grading up to 0...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedHaving waited three years to permit the drilling pads at Alta Norte, drilling barely commenced in October 2020 before some members of a community outside...Read More

Break out the Champagne, start looking for that boat, and get your vacation clothes out of the closet. If you're a shareholder in Tesla, you have every reason to celebrate. Tesla's stock started 2021 at around $755 and enjoys a price of around $858 as I'm writing this. Beyond that, the company reported that it had its first profitable year. Last week, Tesla reported that it earned $721 million i...Read More