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
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported assays that returned broad intervals of near-surface gold mineralization from ten drill holes along the LP fault at the company's wholly owned Dixie gold project, in Ontario's Red Lake district.The company continues to hit gold on 50-75-metre sections along a 5-km strike of the 18-km LP fault zone at Dixie.Drill highlights include 40 met...Read More
Lion One Metals (TSXV: LIO; US-OTC: LOMLF) has released an updated preliminary economic assessment (PEA) for its wholly owned Tuvatu alkaline gold project in Fiji, which suggests a high-grade, 1,000-tonne-per-day underground operation.The proposed five-year mine would generate an average of 77,969 oz. gold annually, at all-in sustaining costs (AISCs) of US$713 per ounce. With an initial capital co...Read More
Australian junior Piedmont Lithium (ASX: PLL) has confirmed it has signed a sales agreement with Tesla to supply the electric car maker with high-purity lithium ore for up to ten years.Piedmont accidentally released the announcement last week, following the hyped Tesla Battery Day, but the Australian Stock Exchange said it would not publish it then.The initial five-year agreement will see Piedmont...Read More
Cleveland-Cliffs (NYSE: CLF) is buying "substantially all" of Luxembourg-based ArcelorMittal's (NYSE: MT) operations in the United States in a US$1.4 billion deal that will make it North America's largest flat-rolled steel producer.Under the transaction, Cleveland-Cliffs will pay about US$505 million in cash and US$873 million in common and non-voting preferred shares.The boards of both companies...Read More
Lundin Mining (TSX: LUN) has withdrawn its 2020 production, cash cost and capital expenditure guidance for its Chapada copper and gold mine in northern Brazil after a power outage caused damage to all four of the operation's SAG and ball mill motors.The company said that the operation, 270 km northwest of the capital Brasilia, suffered a power outage on the morning of Sept. 27. When power was res...Read More
Central Asia Metals (LSE: CAML) has been fined ?,?65,000 (US$75,757) for a tailings breach at its Sasa zinc-lead mine in North Macedonia on Sept. 14 that leaked an estimated 8,000 cubic metres into the Kamenica River.The company estimates that 3,000 cubic metres of the spill into the 14-km-long river consists of the dam wall, with the fines and water making up the remaining 5,000 cubic metres. The...Read More
New Horizon beckons for gold minerSPONSOREDhorizon mineralsOceanaGold, leading social performance in gold miningSPONSOREDoceanagoldRox eyes amazing Grace potentialSPONSOREDrox resourcesTrident aims to fill valuable nicheSPONSOREDtrident royaltiesThe return of inflation, courtesy of heavy-duty government stimulus, is expected to benefit most minerals, according to leading investment bank, Morgan St...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Highlights included a 1,010m interval from surface grading 0.59% copper, 0.02% molybdenum and 0.1 grams per tonne gold including 716m grading 0.63% copper 0.02% molybdenum and 0.1g/t gold in a step out hole. This hole was collared about 426m east of the first two holes and improved upon the depth extent of know...Read More
I've spent the past few years explaining that the next big wave of capital flows would be away from public assets like government bonds and into private assets like real estate in low-tax states, dividend-paying blue-chip stocks, gold, and the related equities.The combination of a near-record-high stock market that throws a tantrum every time the Fed or politicians delay more stimulus, negative re...Read More
Meet Leon and Peter Gianni - the modern dayRead full newsRead More
Tesla used its Battery Day event to announce it intends to use more US-sourced nickel in its cathode battery production and less cobalt.Read full newsRead More
Meet Leon and Peter Gianni - the modern dayRead full newsRead More
Magawa the African giant pouched rat has won a PDSA Gold Medal for his work detecting landmines.Read full newsRead More
First Majestic Silver (TSX:FR; NYSE: AG) says it is getting ready to appeal a Mexican court decision this week that revoked a key agreement determining how the silver producer was taxed in the country.The federal court's ruling, yet to be formally delivered to the Canadian miner's subsidiary, Primero Empresa Minera, cancels an Advanced Pricing Agreement (APA) governing the tax on silver sales betw...Read More
Covid-19 has affected the mining industry in unprecedented ways, ranging from forced mine shutdowns in some cases to profound fluctuations in supply and demand for various commodities. As the economy begins to reopen, preserving cash flow remains pertinent to the long-term health of mining companies, especially junior mining companies. Third-party litigation funding - that is, the financing of lit...Read More
(IDEX Online) - The last sale of pink diamonds before the iconic Argyle mine closes will have a Japanese theme.The invitation-only tender will take its inspiration from Ichi-go ichi-e - Japan's cultural concept of treasuring the unrepeatable nature of a moment.The mine in the remote East Kimberley region Western Australia has been the source of 90 per cent of the world's pink diamonds fo...Read More
(IDEX Online) - Consumers are more likely to buy jewelry in the next six months than at any other time during the pandemic, says De Beers.Its monthly research into diamond spending during the COVID-19 crisis reveals what it calls a "glimmer of optimism".Both men and women are more likely to purchase or receive diamond jewelry in the next six months, compared to previous coronavirus waves. Wo...Read More
Fossils of a mastodon, a giant prehistoric relative of today's elephants, have been discovered at an artisanal gold mine in central Colombia in a find which researchers say could herald a trove of similar specimens.Read full newsRead More
The old saying goes that "necessity is the mother of invention." With nearly 200,000 Americans dead and no end to the pandemic in sight, it seems that now, more than ever, that saying applies. We desperately need a cure for COVID-19 so that we can get back to life as we knew it before March of this year. Remember when you could have family gatherings without worrying about getting sick? Or get...Read More
FenixOro Gold Corp is pleased to announce that Logan Drilling hasRead full newsRead More