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

KINSHASA, Congo (AP) - More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in eastern Congo's South Kivu province on Friday, officials said.Read full newsRead More

At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.Read full newsRead More

BMO Capital Markets forecasts gold prices will rise by 8-16% during the 2021-2024 period, and average above US$1,800 per oz. through 2023, it announced in a research note today.Average silver prices will increase to US$27.60 per oz. in 2021, up 49% from its previous estimate.The bank hasn't changed its long-run price expectations, however, and maintains its price targets of US$1,400 per oz. gold a...Read More

The company said on Friday its board had approved a payment of 2.4075 reias per share, being 1.4102 per share in the form of dividends and 0.9973 per share in the form of interest on capital.The interim dividend was ahead of expectations and implied an 8% yield on an annualised basis, BMO analyst Edward Sterck reportedly told Bloomberg.Vale had flagged a resumption of dividends mid-year."I think i...Read More

The big drill campaign will follow a 10,000m drill foray underway and set for completion in the next month or so.Read More

News of the leak triggered a 17% drop in CAML's share price on Monday. CAML described the leak as "short-term" and said no one had been harmed.Read More

Share this articleMONTREAL - The Renard diamond mine in northern Quebec is to reopen this month after being shut down in March as part of the province's mining lockdowns in response to the COVID-19 pandemic.Minority shareholder Osisko Gold Royalties Ltd. says operator Stornoway Diamonds Canada Inc. has approved a plan that includes $30 million in cost reductions over the first 16 months of operati...Read More

(IDEX Online) - The French luxury conglomerate LVMH says it will vigorously defend itself against legal action after the collapse of its planned $16.2bn acquisition of Tiffany & Co.In a strongly-worded press release it said the lawsuit was "totally unfounded" and accused the New York-based jeweler of "dishonesty" and misleading its shareholders."The long preparation of this assignment (the law...Read More

(IDEX Online) - Diamond polishing is returning to near-normal in Surat, say Indian trade bosses, as factories re-open and the spread of COVID-19 appear to have been limited.An estimated 5,000 of the city's 7,000 cutting and polishing units (70 per cent) are now functioning again, and government rules now allow 70 per cent of staff to work, rather than 50 per cent, as previously.The Gem and Je...Read More

(IDEX Online) -  The body of Jaysukh Gajera, president of Surat Diamond Polishers' Association, has been found on the bank of a river in Surat district.He headed the trade body for 15 years but went missing last Wednesday.Local police were quoted as saying Mr Gajera, 53, had been facing financial crisis during lockdown. They said they were exploring a number of possibilities.  ...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.AVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsIn a report released on Monday, Bernstein forecast copper prices would average US$8,100/tonne in 2024, up from an estimated average of US$5,900/tonne in 2020.Read More

Chinese battery maker CATL is acquiring an 8.6% stake in Neo Lithium (TSXV: NL; US-OTC: NTTHF), which is advancing its Tres Quebradas (3Q) project, a high-grade lithium brine lake and salar complex in Argentina's Catamarca province, the largest lithium producing area in the country.CATL owns and operates lithium-ion battery manufacturing facilities in four Chinese provinces (Fujian, Jiangsu, Qingh...Read More

Operations at the Renard diamond mine in Quebec will restart this month, after a six-month suspension, Osisko Gold Royalties (TSX: OR) has announced.The September restart follows a full review of operations and the approval of a plan to reduce costs by $30 million over the next 16 months.The mine, operated by Stornoway Diamonds, has been on care and maintenance since the Quebec government mandated...Read More

Results from the first-phase exploration program at Atac Resources' (TSXV: ATF) 11.5-sq.-km Airstrip target, part of the 1,700-sq.-km Rackla gold property in east-central Yukon, have defined an orogenic gold system. Drilling has outlined mineralization over an area of 1,000 metres by 500 metres and across 300 vertical metres.Atac has completed 12 rotary air blast (RAB) holes to date, in addition t...Read More

Toronto-based Roxgold (TSX: ROXG; US-OTC: ROGFF) announced the results from a new exploration program conducted at the company's Boussoura project, located in the southern part of Burkina Faso, near the border with C??te d'Ivoire.Staked by the company in 2014, Boussoura is located in the West African Hound?(C) Greenstone belt, which is host to several large-scale operating mines, including Roxgol...Read More

Canada's Prime Minister Justin Trudeau appeared at the launch of Iamgold (TSX: IMG; NYSE: IAG) and Sumitomo Metal Mining's C??t?(C) gold project in Ontario.The prime minister attended the project's official ground-breaking, a ceremony that symbolizes the start of construction and that was also attended by local First Nations, Ontario Premier Doug Ford, cabinet ministers, members of parliament and...Read More

Wolfden Resources (TSXV: WLF) has released a preliminary economic assessment (PEA) for its Pickett Mountain massive sulphide project in northern Maine, 5 km from the nearest highway and 24 km from a rail line.The early-stage study outlines a mine life of 10.7 years producing a total of 600 million lb. payable zinc, 230 million lb. payable lead, 78 million lb. payable copper, 8 million oz. payable...Read More

Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) said today that it had received $100 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to progress its Alpala copper-gold project through to final feasibility and a development decision.The funding is part of a net-smelter royalty finance agreement (NSR) between the parties agreed in May, which guarantees Fran...Read More

Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Waihi District, a Golden Opportunity in New Zealand SPONSOREDoceanagoldLeadership changes at the big miners are typically planned for, with a successor identified and groomed for the top job well in advance...Read More

The "digital economy vs. the hands-on economy."That's what the talking heads are now calling sugar daddy Jerome's (otherwise known as Fed Chairman Jerome Powell) "by any means necessary" approach to inflating the biggest asset bubble most of us will ever see.In the real world, the debacle that is the U.S. handling of the COVID-19 virus is leading those in the real world to some all-too-real choice...Read More