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

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

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

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

(IDEX Online) - Police in Angola have seized a 147-carat diamond as part of Operation Transparency, its long-running crackdown on illicit diamond trafficking and illegal immigration.An Angolan citizen and a foreign national were detained in the eastern Lunda Norte province, according to the country's official news agency Angola Press. No further details about the stone were disclosed.Security...Read More

(IDEX Online) - Sotheby's is to auction an extremely rare 102.39-carat D color, Type IIa, flawless oval diamond.   It will be sold in a live online auction, with, unusually, no reserve price. There is speculation that the gem (pictured), described as "the size of a lollipop" could break the record for an online diamond auction, and fetch up to $30m, though Sotheby's would not be dra...Read More

(IDEX Online) -  De Beers announced a provisional $320m of rough sales at last month's Sight 7, the highest figure since the pandemic struck.It's almost three times more than the previous Sight ($116m) and slightly up on last year's August Sight ($287m).It results were in line with the miner's biggest rival, Alrosa, which last week revealed a similar recovery.  Combin...Read More

Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More

De Beers, the world's largest diamond producer by value, revealed today that it made about three times as many sales of roughs in the seventh sales cycle of the year as it did in the previous event.The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers ten times a year at events called sights, sold US$320 million worth of rough diamonds in the seventh cycle. That co...Read More

Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-S?(C)bastien Jacques will step down by the end of March next year over a mounting backlash against the company's decision to destroy ancient Aboriginal heritage sites in Western Australia.The world's second-largest miner said two other senior executives - iron ore boss Chris Salisbury and corporate affairs head Simone Niven, who had responsibility for Indig...Read More

"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More

"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More

Daily Chart of GOLD with 40-Day Moving AverageRead full newsRead More

Welborn now holds 4.2 million shares, with a further 4.6 million shares vesting at various periods between now and mid-2023 depending on performance hurdles being met.Read More

"Whilst the market has been defibrillated, we think it will remain in intensive care for some time, although any improvement is good news for the smaller pure play producers with weak balance sheets," said BMO analyst Edward Sterck.Having suspended its third, fourth and fifth sightholder sales in March due to COVID-related disruptions, De Beers' sixth and seventh sales cycles yielded revenues of U...Read More

Jacques will step down from his role as an executive director and CEO of Rio, but will remain in the role until the appointment of his successor or March 31, 2021, whichever is earlier.Read More

Share this article CARDSTON - American Creek Resources Ltd. (TSXV: AMK) has reported that it has now completed a 450 line km high-resolution magnetic survey in combination with a LIDAR survey at the company's 100% owned Dunwell Mine gold and silver property located in the Golden Triangle of British Columbia.Genesis Aviation Inc. completed the High-Resolution Gradient Magnetometer survey in conjun...Read More

Share this articleSHERBROOKE - Canada's mining and minerals industry is important to communities across the country. Developing this industry in more responsible ways reduces environmental impacts and creates jobs. This will be more important than ever as we reopen the economy and plan our recovery from the COVID-19 crisis.??lisabeth Bri??re, Member of Parliament for Sherbrooke and Parliamentary...Read More

Argonaut Gold (TSX: AR) has struck a deal to sell its Ana Paula gold project in Mexico's Guerrero state just a few months after acquiring the gold property through its merger with Alio Gold, which closed in July.Under the sales agreement, Argonaut will receive US$30 million upon closing, a further US$10 million upon the start of construction, a 1% net smelter return royalty and 9.9% of the common...Read More

Mag Silver (TSX: MAG; NYSE-AM: MAG) has signed an option agreement to acquire 100% of the Deer Trail project in Utah, a carbonate replacement deposit (CBD) that was intermittently mined for high-grade silver, gold, lead, zinc and copper sulphides until 1985, when the mine closed.The 56-sq.-km project encompasses the historic Deer Trail mine and the adjoining Alunite Ridge area, 2-6 km to the west,...Read More