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
(IDEX Online) - Lucapa has announced the recovery of an exceptional 101-carat diamond at its Mothae mine, in Lesotho.The Type IIa stone has been measured as D color and is the fourth +100 carat diamond recovered from the southern lobe of the mine's kimberlite pipe since operations started in January 2019.The Australian miner, which partners with the Lesotho government, said it looked forward...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The London-headquartered miner said it would achieve sustainable production from its first underground mining panel - known as "Panel 0" - by October 2022, with the project's development capital -Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The global activity dispersion index averaged 53, up from the 50.3 recorded in October, however the volatility of regional activity was striking, Marex Spectron's global head of analytics Dr Guy Wolf said.Capacity utilisation rebounded in China, where the index rose from 42.2 in October to 48.6.Scoped for...Read More
Emerging miner Pure Gold Mining (TSXV: PGM; LSE: PUR) has introduced first ore to the mill at its PureGold mine in Red Lake, Ontario. With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter."The introduction of ore to the milling facility reflects the successful culmination of our project buil...Read More
Explorer Surge Copper (TSXV: SURG) has entered into a definitive option agreement with Centerra Gold (TSX: CG) to hold the right to acquire a 70% interest in the Berg porphyry deposit in central British Columbia.Under the terms of the agreement, Surge can earn a 70% stake in the copper-molybdenum-silver project by issuing $5 million worth of its common shares and spending $8 million on the propert...Read More
Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying fellow miner Premier Gold Mines (TSX: PG), which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.The all-stock deal valued at $612 million (US$480 million) hands Equinox Gold Premier's interest in the Hardrock project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) is partnering with the Taykwa Tagamou First Nation to develop electric power for its Crawford nickel-cobalt sulphide project in Ontario's Timmins-Cochrane mining camp.Under a memorandum of understanding, the Taykwa Tagamou Nation will develop the electrical transmission assets to supply Crawford with reliable power and the junior exploration company...Read More
Aurania Resources (TSXV: ARU; US-OTC: AUIF) reported that it found more evidence of ancient roads and peculiar landforms that may be old prospecting or mine sites near its Lost Cities - Cutucu project in southeastern Ecuador. In detail, the Canadian miner found the roads in the vicinity of the Tiria-Shimpia silver-zinc-lead target area, which is developing into one of the larger mineralized areas...Read More
Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that it will come with a price tag of US$6.75 billion.When it was approved in 2015, Rio Tinto expected the expansion to cost US$5.3 billion and reach first sustainable production in early of 2021.In 2019, however, the...Read More
If I had to guess, I would say most people don't think about the shipping industry until this time of year. But Christmas is only days away, and packages need to get from A to B. Black Friday shoppers drove record sales this year, and that's projected to continue up to the holiday. The National Retail Federation estimates that holiday sales this year will rise between 3.6% and 5.2% from last year...Read More
Grande Portage Resources (GPG) has hit promising early results, while testing new...Read full newsRead More
FPX Nickel Corp. is pleased to provide a year-end review of the CRead full newsRead More
Precipitate Gold Corp. is pleased to announce that Barrick Gold CRead full newsRead More
Brixton Metals Corporation is pleased to provide its rock and soiRead full newsRead More
Western Copper and Gold Corporation is pleased to announce the inRead full newsRead More
Ottawa, Ontario--(Newsfile Corp. - December 15, 2020) - KWESST Micro Systems Inc. (TSXV: KWE) (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
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a developer and provider of cellular communications solutions for enterprise workers and first responders, today announced that it will be presenting at the 13th annual LD Micro Main Event investor conference on Tuesday, December 15 at 6:20AM PST / 9:20AM EST. Daniel Kim, VP Corporate Development, will be prese...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
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