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
Benchmark Metals Inc. is a mineral exploration company focused on the Lawyer's Gold and Silver project, located in the Golden Triangle of BC, Canada.Read full newsRead More
Peter A Ball, President and CEO of NV Gold Corp, spoke to us about the latest update from the ongoing exploration program at their high-grade Exodus Gold Pro...Read full newsRead More
GOLDEN RIDGE RESOURCES LTD. (TSXV:GLDN) (Read full newsRead More
Further to its news release dated August 19, 2020, the Company has closed the initial tranche of its non-brokered private placement.Read full newsRead More
Figure 1 Location map of Mineral Ridge and ownership boundary. Figure 2 Mineral Ridge highlighting areas of previous mining, planned mining and exploration target areas. Figure 3 Limited surface rock chip sampling results for the Mineral Ridge claims.VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBERead full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report new intersections of strong uranium mineralization in the initial drill holes of the summer campaign at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatche...Read More
U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon.Read full newsRead More
Positive manufacturing data and talk of further fiscal stimulus buoyed markets.The S&P/ASX 200 also closed higher yesterday, up 1.8%, despite news Australia had officially entered its first recession in almost 30 years due to COVID-19.The gold price has softened about US$20 an ounce from this time yesterday to $1,940/oz on the spot market.Cardinal Resources (TSX: CDV) was one of the bigger mar...Read More
Three dams and three dikes were issued negative Stability Condition Declarations (DCEs), the company said yesterday.However the Brazil-based miner said there would be no impact on its already revised 2020 iron ore production guidance, which it tipped in July would likely reach the lower end after a challenging second quarter. Vale said yesterday it had started level one emergency protocols fo...Read More
Prominent gold commentator John Hathaway appeared on the second day of The Northern Miner's Global Mining Symposium. In January, after 22 years at Tocqueville Asset Management, the veteran investment manager moved to Toronto-headquartered Sprott Asset Management (TSX: SII; NYSE: SII), where he is now senior portfolio manager and managing director.Hathaway spoke with Dean McPherson, head of busines...Read More
President Mike Romanik said the explorer was "very pleased" Sprott had agreed to invest about $6.5 million, which would increase the high-profile investor's stake to 19.9%.First Majestic would subscribe for $700,000 worth of the shares on offer, resulting in a holding of about 16.4%.The placement was priced at $1.40 per share.Silver Dollar had listed on the Canadian Securities Exchange in May afte...Read More
(IDEX Online) - More than 100 people have reportedly been arrested on suspicion of conspiring to receive diamonds smuggled from Hong Kong to the Chinese mainland.A Chinese couple had 150 packets of undocumented polished diamonds and details of their destinations when they were picked up in the border metropolis of Shenzhen (pictured), a special economic zone which is home to more than 2,300...Read More
(IDEX Online) - The Jewelers for Children charity will celebrate its achievements - raising almost $57m to support kids - with a day of promotions and fundraising.Its third annual JFC Day will be held on Saturday, 26 September, with charity partners rallying their local supporters to visit jewelers and say thank you. "The pandemic has presented a host of issues not only for...Read More
(IDEX Online) - The IDEX Polished Diamond Price Index showed long-awaited signs of post-Covid recovery with a slow but steady rise throughout August. It closed the month up 0.6 per cent, the biggest increase since the "false dawn" in April, when it rose 0.7 per cent. During August the Index increased marginally most days, with only occasional exceptions. In the previous month, July, the...Read More
The Global Mining Symposium wrapped up its final day with an interview with B2Gold (TSX: BTO; NYSE-AM: BTG) president and chief executive Clive Johnson, who sat down with MINING.com senior editor Cecilia Jamasmie.Johnson's career includes leading B2Gold since its inception in late 2006 and, before that, Bema Gold, and has taken him from Russia to Africa and throughout the Americas. Drawing on hi...Read More
Executive chairman and founder of Yamana Gold (TSX: YRI; NYSE: AUY), Peter Marrone, spoke on the second day of the Global Mining Symposium about the company's assets, its strategy, and his views on the price of gold. Marrone started his career practicing law in Toronto, focusing on corporate, securities, and international law and then became the head of investment banking at a major Canadian in...Read More
Mining executive John Antwi, president and director of privately held Elim Mining, spoke about the copper market on the third day of The Northern Miner's Global Mining Symposium.Antwi and his team at Elim Mining are advancing the company's flagship Cactus copper project in Arizona and plan to make a construction decision in 2022.The project, which hosts the past-producing Cactus mine, was brought...Read More
The nights are drawing in, and the Autumn equinox is upon us in the Northern Hemisphere, with an equal duration of light and dark on Sept. 22. On the positive side, there is an R in the month, so we can eat oysters in the United Kingdom. This advice dates to at least 1599, when it appeared in Henry Buttes's cookbook, Dyets Dry Dinner, although some historians trace it to an ancient Latin saying.Th...Read More
The European Union has added lithium, used in batteries that power electric vehicles (EVs), to a list of critical materials as part of a strategy to reduce its reliance on imports.The group of 27 nations will need about 60 times more lithium and 15 times more cobalt for EV batteries and energy storage by 2050, analysts estimate. The EU's demand for rare earths, used in high-tech devices and milita...Read More
International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) plans to raise US$10.3 million in support of a prefeasibility study on its Livengood gold deposit, 110 km north of Fairbanks, Alaska.In July, the Vancouver-based company announced it had finalized the key contracts to complete a prefeasibility study on the large, low-grade Livengood project, with an expected release date of October 2021.The t...Read More