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
Struggling Petra Diamonds (LSE:PDL), which put itself up for sale in June, is facing allegations of human rights abuses by the security guards at its Williamson mine in Tanzania.The South African company said that UK-based law firm Leigh Day had filed claims in the High Court of England on behalf of 32 anonymous individuals. The accusations against Petra and the mine operator Williamson Diamond...Read More
Six months is an eternity in politics, but that's how long it's been since the Ontario government made a series of announcements at this year's Prospectors and Developers Association of Canada (PDAC) convention in Toronto, which were intended to show the province's support for the mining sector.Shortly after PDAC wrapped up, however, the provincial government found itself dealing with Covid-19. Th...Read More
Looking for a mining movie to watch? Check out our list of some of the greatest gold mining films ever made.Read full newsRead More
Comet Resources Ltd (ASX:CRL) is pleased to announce it has received commitments for a placement of 100,000,000 new fully paid ordinary shares in Comet to eligible sophisticated and institutional investors at $0.02 per New Share.Read full newsRead More
Golden Arrow Resources Corporation is reminding all shareholdersRead full newsRead More
FenixOro Gold Corp is pleased to announce that it has received enRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
Granada Gold Mine Inc. announces that further to its press releasRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
The US industry deployed 168MW / 288MWh of energy storage in the second quarter of this year, the second highest quarterly figures on record, according to Wood Mackenzie Power & Renewables.Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is pleased...Read full newsRead More
1933 Industries Closes Non-Brokered Private Placement and Provides Corporate UpdateRead full newsRead More
Brazilian miner Vale SA said it has not reached an agreement with Australia's New Century Resources Ltd to sell its stake in New Caledonia nickel project and now is preparing to potentially shut it down, according to a securities filing on Monday.Read full newsRead More
VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ('First Energy' or the 'Company) is pleased to announce assay results of s...Read full newsRead More
As part of the process Excellon plans to undertake a 5:1 share consolidation to reduce the number of shares issued and outstanding from 159.9 million to about 32 million.Read More
WPIC forecast an annual deficit of 336,000oz, a significant turnaround from the surplus of 247,000oz it forecast back in May.Read More
Share this articleGlobal mining deal value, suffering from an unanticipated shock from the COVID-19 pandemic, fell by over US$18bn when compared to the first half of 2019 to US$46.6bn in the first half of 2020. An expected slump in the global economy, steered by a series of challenges, has kept investors away from long-term financial instruments, resulting in a 12.7% y-o-y fall in the capital rais...Read More
(IDEX Online) - BlueRock Diamonds raised over $1.25m in a private sale of rough from its Kareevlei mine, in South Africa.The British miner says the price it achieved - an average of $330 per carat for 3,805 carats - was higher than the $290 it achieved in a similar sale in June of this year, despite the ongoing pandemic.Executive chairman Mike Houston said: "Our diamonds remain attractive to buyer...Read More
(IDEX Online) - The Irish tycoon who revived his nation's whiskey industry is seeking additional funds for diamond explorations in Botswana and South Africa.John Teeling's Botswana Diamonds is already drilling the "very promising" M8 kimberlite at Marsfontein, Limpopo, South Africa.Last year it reported finding diamonds come from residual unprocessed stockpiles around the mine and from d...Read More
In one of the world's driest deserts, the battle for water is heating up.Mining companies sifting northern Chile's Atacama Desert for copper, lithium, and other minerals are increasingly finding water is their most precious resource.Vital to processes such as concentrating and leaching, miners typically extract the water they need from aquifers located high in the Andes Mountains having obtained t...Read More