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
Serafino Iacono - Featured Speaker - GMS: November 10th, 2020 from The Northern Miner on Vimeo.Read More
Mexico's federal permitting authority, SEMARNAT, has rejected the environmental permit application (MIA) for Almaden Minerals' (TSX: AMM) Ixtaca gold-silver deposit, one of the country's significant precious metal discoveries.The company received notification from SEMARNAT on Dec. 21. Almaden originally submitted the MIA in early 2019.Reasons cited for not approving the MIA, in the company's view,...Read More
Mid-tier gold miners' stocks are again setting up to achieve more massive gains during gold's next bull upleg.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
Copper for three-month delivery reached a fresh high of $8,028/t intraday - a level not seen since 2013 when it peaked at $8,346 in February, Marex Spectron's Alastair Munro said.The US congress reached an agreement on a stimulus package, at the time of writing."We will pass another rescue package ASAP," US senate majority leader Mitch McConnell tweeted minutes ago, referring to what is expected t...Read More
(IDEX Online) - A brother of fugitive billionaire Nirav Modi has been charged in the USA with a $1.4m diamond fraud.Nehal Modi, a Belgian citizen, is accused of "grand larceny in the first degree" for allegedly obtaining gems by fraud from the wholesaler LLD Diamonds USA, in Manhattan, New York, in 2015. He has been indicted by the New York Supreme Court.He allegedly claimed the diamonds would be...Read More
(IDEX Online) - Beny Steinmetz, the diamond and real estate billionaire, has been handed a five-year jail term by a court in Romania after he was convicted of a land deal fraud. The country's Supreme Court overturned the decision by a lower district court to acquit him last year.Steinmetz, 65, (pictured) an Israeli national, was accused of being involved in corrupt enterprise to recover...Read More
(IDEX Online) - The family-owned Swarovski crystal jewelry empire is reportedly in turmoil as it faces plunging profits and the prospect of wholesale job losses. Robert Buchbauer, recently-appointed CEO and great-great grandson of the company's founder Daniel, wants to shed 6,000 staff, shut 750 stores and take the brand upmarket, according to the AFP press agency. But other family members ar...Read More
In England, we have had festivals at this time of year since well before the Romans began their creeping conquest in AD43. The occupation of most of Britain was a done deal by AD60 following the defeat of Queen Boudica (leader of the Iceni in modern day Norfolk).Back then we were celebrating pagan festivals, either the Anglo-Saxon M??draniht (Night of the Mothers) or Yuletide, which was a mid-wint...Read More
Before it ceased operation in 1942, the Octave mine produced over $310 million worth of gold, and that was from just 30% of the vein. Now it is for sale.Read full newsRead More
Before it ceased operation in 1942, the Octave mine produced over $310 million worth of gold, and that was from just 30% of the vein. Now it is for sale.Read full newsRead More
EB Tucker expects to see US$2,500 gold and US$40 silver next year. He also expects to see higher copper and nickel prices.Read full newsRead More
Since 2019 Rupert Resources (TSXV: RUP) has made six discoveries at its 100%-owned Pahtavaara gold project in Finland's Central Lapland Greenstone belt - all of them have been under 10-15 metres of glacial till and within a 5 km by 2.5 km area on the property. The junior explorer discovered them using geophysics and base of till sampling and drilling.The project, which the company acquired in 2016...Read More
Laurion Mineral Exploration Inc. today announced that it is propoRead full newsRead More
Pacific Empire Minerals Corp. is pleased to announce it has signeRead full newsRead More
Novo Resources Corp. is pleased to announce that its Annual GenerRead full newsRead More
Sanatana Resources Inc. is pleased to announce that it has compleRead full newsRead More
Novo Resources Corp. is pleased to announce that it has receivedRead full newsRead More
Puma Exploration Inc., PUMA-TSXV, is pleased to announce the closRead full newsRead More