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
This week's episode features a special Thought Leadership segment with Deloitte's Henry Stoch, National Leader of Sustainability and Climate Change Canada, and Andrew Swart, Global and Canadian Leader of Mining & Metals. Henry and Andrew have a cutting edge conversation on the broader trends in ESG, including the fast pace of change, moving beyond 'greenwashing', and the new realities facing moder...Read More
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has updated the mineral resource estimate for its wholly-owned Golden Hill project in the central part of West Africa's Hounde Greenstone Belt in southwestern Burkina Faso.The project is surrounded by several gold discoveries, including Perenti Global's Siou, Endeavour Mining's (TSX: EDV) Hounde, which is contiguous with Golden Hill, and the high-grade Yara...Read More
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia's largest listed gold miner, Newcrest Mining (ASX: NCM), will begin trading on the Toronto Stock Exchange on Oct. 13.Sandeep Biswas, Newcrest's managing director, said that the listing is part of the company's growth strategy in North America, which already accounts for 32% of its sh...Read More
Australia's Northern Star Resources (ASX: NST) is buying smaller peer Saracen Mineral Holdings (ASX: SAR) in a deal that will create an A$16 billion (US$11.5 billion) gold giant, the world's eighth-largest gold miner by market value.The A$5.76 billion (US$4.14 billion) merger comes amid record high gold prices - above US$2,000 per oz. for the first time in August - brought on by investors rushing...Read More
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price in an online auction.The small egg-size diamond was cut from a larger 271-carat rough, found in 2018, and then cut and polished for more than a year.The bidding on the stone began in an online auction in September, culminating with an in-person aucti...Read More
In times of trouble people still turn to gold. What makes it a safe haven? Largely perceptions, based on its historical mystique.Read full newsRead More
Avrupa Minerals Ltd. is pleased to announce that the Company willRead full newsRead More
(This October 2 story officially corrects to remove reference to base metals in 10th para to clarify $2 bln investment is across whole company)Read full newsRead More
Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.Read full newsRead More
Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario's capital markets modernization taskforce.The taskforce, set up in February by Ontario Finance Minister Rod Phillips, released a set of 47 proposed reforms over the summer that could impact mining issuers if they were implemented. The suggestions included intro...Read More
Trump posted a video a short while ago, thanking everyone at the "incredible" Walter Reed military medical centre and the enthusiastic supporters waiting outside.The gold price has zig-zagged around the US$1,900 mark over the past 24 hours and was just 20c below the psychological benchmark at the time of writing.The copper price slid on Thursday as China began a week-long holiday but closed u...Read More
The non-renounceable pro-rata entitlement issue is pricing new shares at 10c each.Each new share will come with an option exerciseable at 18c before November 2021.TNG needs an estimated $824 million to develop Mount Peake, with the 37-year, 2 million tonne per annum project said to be capable of generating pre-tax net annual operating cashflow of $359 million.Last month TNG appointed KPMG as its f...Read More
The AIM-listed company was forced to shut down Sasa mid-September after leaking around 8,000 cubic metres of tailings material into a local river.Read More
Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More
Share this article CENTENNIAL - NioCorp Developments Ltd. is applauding an Executive Order issued by the White House this week providing several potential pathways for greater U.S. Government support of critical minerals mining and value-added supply chains.The Executive Order, signed on September 30, 2020 by President Donald J. Trump, declares that "it is the policy of the United States ... [to]...Read More
(IDEX Online) - The IDEX Polished Diamond Price Index rose gradually through September, closing the month up 0.8 per cent. That's an encouraging sign, especially after the 0.6 per cent rise in August, suggesting more of a positive trend than an isolated blip. It's also worth noting that the Index showed most growth in the last five days of the month, which may indicate the recovery...Read More
(IDEX Online) - A lawsuit against Octea, a subsidiary of Israeli diamond and real estate billionaire Beny Steinmetz's BSG Resources (BSGR), has been thrown out by a court in Sierra Leone.The High Court ruled last Wednesday that it was beyond its jurisdiction to hear the case and lifted a freeze on the defendants' assets.Lawyers claimed in February that an Octea-owned mine in the east of...Read More
(IDEX Online) - Workers at Canada's Ekati mine have reportedly been fired, seven months after operations were suspended because of COVID-Dominion Diamond Mines filed for insolvency in April and announced last month that being it was being bought by associates of its parent company The Washington Companies. "While this was an incredibly difficult decision, we simply cannot responsibly sta...Read More
An updated resource estimate for Caldas Gold's (TSXV: CGC) Juby gold project in Ontario, 15 km from Gowganda, features two open-pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 grams gold per tonne, and 47.1 million inferred tonnes at 0.98 gram gold per tonne.According to Caldas, the latest estimate has been updated to account for regulatory requirements, such as including...Read More
Osisko Metals (TSX: OM) has released assay results for four holes completed at the Central zone, around the O53 deposit, within its past-producing Pine Point zinc and lead project in the Northwest Territories.The drill holes, which returned high-grade intercepts from areas outside of the pit-constrained resource model, were designed to determine the vertical extent of the mineralization in the cor...Read More