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
Canada's Wheaton Precious Metals (TSX: WPM; NYSE: WPM), one of the world's largest gold and silver streaming companies, said today it has been approved by the U.K. financial regulator to list on the London Stock Exchange (LSE).The Vancouver-based firm, which already trades in Toronto and New York, will make its debut on the LSE on Oct. 28 under the ticker WPM.The move will make Wheaton the largest...Read More
O3 Mining (TSXV: OIII) completed a preliminary economic assessment (PEA) of its Marban gold project in Quebec after only four months, and is on track to start a prefeasibility (PFS) study in 2021 and complete it by 2022.The company, which was spun out from Osisko Mining (TSX: OSK) in early 2019, was able to fast-track Marban because more than $60 million had been invested in the asset before Osisk...Read More
The MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including plug-in hybrids) around the world, continued to recover month on month in July, after dropping to its lowest level since January 2018 in April.With the exception of cobalt, there was a modest sequential uptick in battery raw material deployed in August, but year on year growth is ac...Read More
QMX Gold (TSXV: QMX) has drilled 44.4 grams gold per tonne over 2 metres from 170 metres downhole at its River Target, 1 km west of the past-producing Herbin mine and 16 km northwest of the junior's Bonnefond deposit. The Lac Herbin underground mine produced about 172,650 oz. gold between 2008 and 2016.The interval came from a second mineralized zone within drill hole 17421-20-056, which also retu...Read More
Earlier this week, numerous Democratic voters in Florida received threatening emails that were apparently sent by a right-wing white supremacist group.But a few days ago, the Director of National Intelligence, John Ratcliffe, and the FBI held a press conference saying that Iran was behind the emails.So apparently, it was all just another attempt at election interference that follows similar effort...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Caroline Bain, chief commodities economist at London-based Capital Economics, told viewers of the China-focused session that China's bounce-back in recent months was already priced in to metalsRead More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Minor premiers Port Adelaide got knocked out of the AFL grand final, and now BHP has added to SA's misery by deciding against a US$2.Read More
Sixty North Gold Mining Ltd. Sixty North Gold announces thRead full newsRead More
Puma Exploration Inc., PUMA-TSXV, is pleased to announce the discRead full newsRead More
Maple Gold Mines Ltd. is pleased to announce that drill rig mobilRead full newsRead More
FenixOro Gold Corp. is pleased to announce the final data set froRead full newsRead More
TORONTO, Oct.22, 2020(GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce the final data set from the...Read full newsRead More
Despite a more tempered performance from precious metals during the third quarter of 2020, gold and silver prices still demonstrated gains and outperformed the initial...Read full newsRead More
A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs said on Thursday.Read full newsRead More
Vancouver, BC October 22, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") announces that the Company has completed the 15 hole 5,746 meter drill program (the "Program") at the FG Gold project with first assay results to be released in early November. The Program discovered multiple new quartz vein systems with numerous encounters of visible gold, that have the poten...Read More
Like a lot of other outdoor pursuits that allow practitioners to socially distance,prospecting has taken off during the pandemic.Read full newsRead More
Lawyers from Mbuyisa Moleele and Leigh Day yesterday said they had filed a class action lawsuit in South Africa against its subsidiary, Anglo American South Africa, alleging it had caused lead poisoning from the Kabwe mine in Zambia which was part of its group between 1925-1974.The company told local media it was never a majority owner of Kabwe and would review the claims made and "take all necess...Read More
Speaking on the sidelines of a WA Mining Club lunch in Perth on Thursday, CEO Peter Kerr told Mining Journal the company had a number of internal options, namely aiming to extend the minelife at its flagship high-grade, restarted Koolan Island operation and investigate regional deposits at its Mid West iron ore business.He said in terms of external options, COVID-19 restrictions had put a dampener...Read More
(IDEX Online) - Petra is to sell a unique collection of blue diamonds, recovered within a week at its iconic Cullinan mine, in South Africa.The Type IIb diamonds, weighing between 9.61 carats and 25.75 carats, are all described as being of significant color, clarity, size. They contain a small amount of boron, which determines their blue color.They've been named Letlapa Tala, which means "blu...Read More
(IDEX Online) - An extremely rare 74.48-carat fancy yellow diamond is to headline a sale of rough by Rio Tinto from its mines in Canada and Australia.The diamond (pictured) has been named the Diavik Helios, after the Canadian mine where it was found, and the pure yellow sunlight emitted by the mythical Greek god of the Sun.The Specials Tender of stones over 10.8 carats also includes 28,399 carats...Read More