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
Tharisa said its earnings for the 12 months ending September 30 were expected to be between US$0.16/share and US$0.Read More
(IDEX Online) - A research team based in Australia has successfully produced diamonds for the first time at room temperature.Lab-grown diamonds require high pressure and temperatures of 800C, but scientists say they have created diamonds in the lab with no heat, and in a matter of minutes. The manufacturing method mimics the violent impact of meteorites on Earth, which is known to have create...Read More
(IDEX Online) - Five blue diamonds weighing a total 85.6 carats has been sold to to a partnership between De Beers and Diacore for just over $40m.The Letlapa Tala Collection, from Petra's iconic Cullinan mine, in South Africa, were offered at a competitive tender.The miner said it was the first time five rough blue diamonds of significant size, colour and clarity had been offered for sale at...Read More
(IDEX Online) - Customs officers seized more than $20m of designer jewelry being smuggled through one of the busiest border points between Canada and the USA.It was undeclared and unmanifested, said US Customs and Border Protection officers based at the Detroit Windsor Tunnel.The jewelry, valued at $20.7m, was destined for a New York auction house, where it was to be appraised and eventually sold...Read More
(IDEX Online) - Tiffany & Co reported a 52 per cent increase in Q3 net earnings to $119m, proving it could weather the Covid storm, and that it could defy LVMH claims that it had been mismanaged during the pandemic.Sales in China soared by 70 per cent and e-commerce doubled to 12 per cent of total net sales.Total worldwide net sales returned to the billion dollar level, down just one per...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Jefferies said copper demand from renewable energy could rise to 6.Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Solaris said the above-mentioned hole had returned 0.59% copper, 0.03% molybdenum and 0.05g/t gold, "far beyond the length of the corresponding historical hole and bottoming in mineralisation at the depth-capacity of the rig".The other two results were 918m at 0.5% Cu-eq and 884m at 0.62% Cu-eq, all from drilli...Read More
Solaris Resources (TSXV: SLS) has reported new assay results that feature strong copper intercepts from its flagship Warintza project in southeastern Ecuador, about 85 km east of the city of Cuenca in the Cordillera del C??ndor, an inland mountain range forming the border between Ecuador and Peru.The company reported results from three drill holes, part of a 40,000 metre diamond drill program, tha...Read More
Vancouver-based Alexco Resource (TSX: AXU; NYSE-AM: AXU) has successfully commissioned the mill at its Keno Hill silver mine in the Yukon, with production of initial concentrates underway.Keno Hill consists of four deposits, including the past-producing Bellekeno underground mine, which is the initial source of ore for mill commissioning and production."Initial commissioning of our mill is a signi...Read More
Support from coal miners helped Donald Trump win the presidency of the United States four years ago. Now, the leader of the nation's top mining union is calling on Trump to "move on", adding that ongoing efforts to challenge vote counts and pressure state elections officials are a "threat to our entire form of government and the American way of life."While the U.S. General Services Administration...Read More
Since completing the longest diamond drill hole (3,467 metres) in Canadian history in January at its Windfall gold deposit in Quebec's Abitibi greenstone belt, Osisko Mining (TSX: OSK) has continued to release a steady stream of news - despite the coronavirus pandemic.In February the company updated the resource estimate for Windfall based on 2,941 drill holes completed between October 2015 and Ja...Read More
Toronto-based gold miner Wesdome Gold Mines (TSX: WDO) has provided a reconciliation update for its past-producing Kiena mine complex in Quebec. Overall, muck and chip samples suggest good correlation of the underground mineralization with the block model.With 123 metres of underground development completed to date at the Kiena Deep A and A1 zones, this work has confirmed the strike continuity of...Read More
Australian lithium miner Galaxy Resources (ASX: GXY) plans to raise A$161 million (about US$118 million) to fund development of its projects in Argentina and Canada.Most of the capital raised will be used to advance the first stage of development of the company's Sal de Vida lithium brine project, in Argentina, it said.Front-end engineering and design for stage 1 of that project is slated for com...Read More
I think it's been a while since a good rant has appeared in these pages, so here goes. Do you remember when this pandemic started? It seems like it was ages ago, but the first case in the U.S. was confirmed on January 21. It was declared a worldwide pandemic on March 11. On March 19, California became the first state to issue stay-at-home orders. You know the rest of the story. During those firs...Read More
Western Copper and Gold Corporation is pleased to announce thatRead full newsRead More
Renforth Resources Inc. is pleased to announce a first successfulRead full newsRead More
Brigadier Gold Limited is pleased to announce assay results for tRead full newsRead More
Sixty North Gold Mining Ltd. Further to the Company's press releaRead full newsRead More
Pacific Empire Minerals Corp. is pleased to provide an update onRead full newsRead More
A.I.S. Resources Limited announces that due to significant investRead full newsRead More