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
Commodities trader Trafigura has inked an agreement with the Congolese government to help improve conditions at informal mine sites in return for cobalt supplies. As part of the offtake deal with state-owned Entreprise G?(C)n?(C)rale du Cobalt (EGC), Trafigura will fund the creation of up to six strictly controlled artisanal mining zones.The company will also install ore purchasing stations in a...Read More
http://www.miningstocksguide.com - This video is your competitive edge to understanding how to invest in mining stocks and gold. Learn the secrets of the pro...Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
Meanwhile global copper smelting activity was largely unchanged in October, according to the SAVANT platform's latest data.Earth-i and Marex Spectron said October's global activity dispersion index averaged 50.3, a minor increase on the 50.2 recorded in the prior month.However Marex Spectron's global head of analytics Dr Guy Wolf said the regional variations in smelting activity were significant.C...Read More
(IDEX Online) - Luxury spending will fall by almost a quarter this year as coronavirus sees the sector contracting for the first time in over a decade.Management consultants Bain & Co predict a 23 per cent drop in 2020, down by $257bn. Sales had been increasing year on year since 2009.They say the industry is "on a path to recovery by 2022-2023".Jewelry has seen sustained demand in Asia, and a...Read More
(IDEX Online) - The Namibian government is to waive a royalty charged to Namdeb, the diamond venture it runs jointly with De Beers.The company says it needs to invest more heavily in marine explorations - which already account for three quarters of its production - as land deposits run out, but can't afford to do so.It pays a 10 per cent royalty on diamond sales and 55 per cent corporate tax...Read More
(IDEX Online) - Jennifer Lopez became the latest showbiz icon to wear Forevermark diamonds as she was honored at The People's Choice Awards Los Angeles.The singer/actress sported just over 36 carats of Rahaminov Asscher diamonds set in a pair of platinum drop earrings, and a Black Label square diamond bangle set in 18k white gold (2.25 ctw).J.Lo, 51, (pictured) accepted an award for Peop...Read More
The venture is backed by General Catalyst and Khosla Ventures.Read full newsRead More
The venture is backed by General Catalyst and Khosla Ventures.Read full newsRead More
Tarku Resources Ltd. (TSXV:TKU) has launched its campaign on the Investing News Network.Read full newsRead More
Puma Exploration Inc., PUMA-TSXV, has found additional occurrenceRead full newsRead More
Western Copper and Gold Corporation is pleased to announce thatRead full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
What goes into determining the gold spot price?Read full newsRead More
Glencore (LSE: GLEN) has been given the green light to expand its McArthur River zinc mine in Australia's Northern Territory against the advice of the state's own sacred sites authority, which says it has not cleared the plan yet.The state government's approval would allow Glencore to double the size of the mine, extending McArthur River's productive life until 2048. It also secures the jobs of ab...Read More
A plus-500m long sub-horizontal high grade shoot has emerged, offering low strip ratio potential. Infill hits reported today included 47m at 1.4% nickel from 66m, within which 13m graded 2.3% nickel.Read More
Share this articleTHUNDER BAY - MetalCorp Limited (TSXV - MTC) has announced that it has entered into an earn-in agreement with Barrick Gold Inc. a wholly-owned subsidiary of Barrick Gold Corporation, relating to MetalCorp's Hemlo East gold property located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjace...Read More
Share this article VANCOUVER - A New York-based fund manager holding 44.1 per cent of the shares of Vancouver-based Midas Gold Corp. says the junior miner should be redomiciled from Canada to the United States and all five of the independent directors on its eight-person board be replaced.Paulson & Co. Inc. says in a news release and letter to employees it has requested a special meeting of s...Read More
Victoria Gold (TSXV: VGCX) commenced production at its Eagle heap-leach mine in the Yukon on July 1 - perhaps the only new gold mine in the world to launch in the midst of a global health crisis."It's going reasonably well, but if I had my druthers, then we wouldn't be ramping-up a new gold mine during a pandemic," John McConnell, Victoria Gold's president and chief executive, said during The Nort...Read More