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
Prismo Metals Inc. is pleased to provide an update of the drillinRead full newsRead More
Brixton Metals Corporation is pleased to announce that it has cloRead full newsRead More
Vancouver, British Columbia - VanGold Mining Corp is pleased to aRead full newsRead More
Company is raising C$85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name.Read full newsRead More
Investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinized, to report transparently and take concrete steps to curb them after a rally in prices this year drew closer attention to the sector's footprint.Read full newsRead More
Company is raising C$85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name.Read full newsRead More
The US yesterday agreed on a $900 million economic stimulus package but concerns are mounting about a mutated strain of COVID-19, nine months after the World Health Organisation declared a global pandemic.Gold, which was below $1,500/oz 12 months ago, hit an all-time high above $2,000/oz in August.It was about $1,877/oz at the time of writing.Elsewhere iron ore was a standout, with 58% Australian...Read More
The decrees, published in Congo-Brazzaville's official gazette, have handed Sundance's flagship Nabeba mining permit, Equatorial's Badondo exploration licence, and Core Mining's Avima permit, toRead More
Share this article TORONTO - Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today high-grade intercepts from the latest 71 diamond drill holes, totaling 10,634 meters, from the 2020 in-mine and near-mine drilling programs at its Segovia Operations. The Company also announced the assay results from five additional kick-off diamond drill holes from the ongoing directional drilling prog...Read More
(IDEX Online) - The iconic Argyle mine, which closed last month, has sold the most valuable fancy vivid diamond in its 37 years of tenders.Owners Rio Tinto aren't disclosing the price paid for the 2.24 carat Argyle Eternity (pictured), which was bought by Harsh Maheshwari, director of Kunming Diamonds, in Hong Kong.Mr Maheshwari, who bought a number of the other 61 rare pink, red, blue and vi...Read More
(IDEX Online) - Mountain Province has recovered the biggest ever diamond from its Gahcho Kue mine in Canada - a 157.4-carat gem of "exceptional quality".The miner said it was a major morale boost after a year in which the industry had faced immense challenges.Gahcho Kue, an open pit operation approximately 280 km northeast of Yellowknife, Northwest Territories, began commercial production in March...Read More
(IDEX Online) - Five major players have shown interest in conducting auctions and tenders when the Angolan Diamond Bourse opens next year.Angola, the world's sixth biggest diamond producer, brought in trading reforms in 2018 that allowed 120 companies to buy stock previously available to just eight "preferential customers".Diamantino Azevedo, the country' minister of mineral resources an...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The operation is said to be on target for maiden copper sales in January."I am happy to confirm that Excelsior Mining is the newest copper producer in the United States," said president and CEO Stephen Twyerould. "Our focus for the coming quarter will be on expanding wellfield operations with the goal of achiev...Read More
Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe Toronto, Canada-headquartered company withdrew its 2020 production, cash cost and capex guidance for Chapada in September after a power outage caused damage to all four of the mills' motors.Lundin said Monday it had over the weekend completed installing the last remaining repaired and more powerful motor on the...Read More
Bardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineIt's possible that Jakob Stausholm, the successor to the o...Read More
Cote d'Ivoire's Council of Ministers has granted Roxgold (TSX: ROXG; US-OTC: ROGFF)a mining permit that allows the company to develop and operate its Seguela gold project, 240 km northwest of the capital, Yamoussoukro.John Dorward, Roxgold's president and CEO, said the permit is a significant milestone."It has been an exceptional year in progressing Seguela having grown the total mineral resourc...Read More
Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has released assay results for four drillholes completed at zones 2 and 2.5 of the Colomac Main Sill within its Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife.The drilling tested the Main Sill below existing resources and, according to Michael Byron, Nighthawk's president and CEO, continued to demonstrate the "well-minera...Read More
Excelsior Mining's (TSX: MIN; US-OTC: EXMGF) Gunnison copper project in Arizona has produced its first copper cathode. The in-situ recovery (ISR) operation is expected to sell the first copper cathodes in January 2021."I am happy to confirm that Excelsior Mining is the newest copper producer in the United States," Stephen Twyerould, Excelsior's president and CEO, stated in a news release. "Our foc...Read More
More than 6,000 geoscientists, technical experts, prospectors, suppliers, governments and indigenous partners will be tuning into the virtual AME Remote Roundup 2021 conference running from January 18-22.Attendees and participants will be able to access live and on-demand programming from anywhere in the world and the annual conference offers the ability to connect, network and exchange ideas, Ken...Read More
It's been a busy year for Kore Mining (TSXV: KORE; US-OTC: KOREF). The junior exploration and development company has completed preliminary economic assessments for two gold deposits and advanced its exploration-stage projects."The company has truly pursued a 'portfolio strategy' this year," Scott Trebilcock, Kore's president and CEO, said during The Northern Miner's inaugural Global Investor w...Read More