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 Global Mining Symposium continued apace on the second day of the three-day event with Alisha Hiyate, editor at The Canadian Mining Journal, interviewing Ronald-Peter Stoeferle, managing partner and fund manager at Incrementum AG.Stoeferle has co-authored two books: Austrian School for Investors, published in 2016, and the In Gold We Trust report, an annual report he started in 2007 that has be...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsLithium no quiet place for AVZSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Matterhorn Asset Management managing partner Egon von Greyerz predicted the collapse of the global financial system under an unbearably heavy load...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, security and international law and then became the head of investment banking at a major Canadian bank...Read More
"Dad, someone just FLEW a car into the yard!"Those were the words my son used to wake me up Monday morning. I quickly tossed on a t-shirt and ran outside to make sure nobody was injured. What happened next was something out of a bad action movie.Of course, with my son being eight years old, I didn't take the word "fly" as literally as I should have. I assumed that someone had jumped the curb and p...Read More
19.4 g/t Au over 4.4m within 1.4 g/t Au over 118.5m Interval and 4.7 g/t Au over 8.0m within 1.2 g/t Au over 107.3m IntervalRead full newsRead More
Newlox Gold Summarizes Historical Data on the Boston Project & Surrounding Mining Camp Vancouver, BC, August 25, 2020 - Newlox Gold Ventures Corp. ("Newlox" or the "Company") (CSE: LUX | Frankfurt: NGO) is pleased to expand upon its announcement of the Boston Project (17 August 2020) by providing historical technical data on the project and the surrounding mining camp. Read full newsRead More
The Northern Miner's three-day Global Mining Symposium kicked off on Tuesday with a one-on-one interview with Paul Brink, president and CEO of Franco-Nevada (TSX: FNV; NYSE: FNV).The Northern Miner's Group Publisher, Anthony Vaccaro, chatted with Brink for nearly an hour about his plans for the company, his view on the mining industry, the gold market, Franco-Nevada's energy assets and the challen...Read More
(IDEX Online) - Sales of jewelry and other luxury goods in Hong Kong fell by more than half in July, according to new figures.It was the worst affected sector of all, with a year-on-year decline of 53.7 per cent to $328m.Sales were hit by the ongoing coronavirus pandemic, a two-week quarantine requirement for tourists from mainland China, and continuing anti-government protests.Figures for the fir...Read More
(IDEX Online) - Gem Diamonds has recovered another large Type II white diamond at its Letseng mine, in Lesotho.News of the 223-carat stone comes just days after the London-based miner announced a 442-carat diamond, valued at $18m.Letseng is the highest dollar per carat kimberlite diamond mine in the world and has yielded 60-plus white gem quality diamonds over 100 carats since it was acquire...Read More
(IDEX Online) - Industry veteran Kim E. Pelletier has been appointed as CEO of Get Diamonds, the new diamond trading platform launched by World Federation of Diamond Bourses (WFDB).She has worked in the past for De Beers, Polygon, Hearts On Fire, John Hardy, Stephen Dweck, Michael Aram and, most recently, for De Beers Sightholder IGC NV. "I am both thrilled, and humbled, to be offered this ex...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production is close to recovering to its typical pre-COVID-19 levels rate with July production coming in at 198,796 tonnes, a 10% increase over the 180,792t produced in June.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnder a 2019 deal, RTEC can earn up to 80% of Janice Lake by spending C$30 million on exploration and making staged cash payments to Forum and project generator Transition Metals.Forum said the RAB drilling was a quick and cost-effective method of testing "numerous showings" which had not seen historical drilling, and would aid in...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSupported by Ashanti Capital, Tribeca Investment Partners, Terra Capital, Regal Funds Management, LIM Advisors and Metal Tiger, the company was created to fill a niche not served by the precious metals royalty companies."My colleagues on the board and management team have a background in private equity, where it is common to tack a...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnderground development at Kakula, the first mine planned at the Kamoa-Kakula joint venture project in the Democratic Republic of Congo, was 6km ahead of schedule, Ivanhoe said yesterday.Kakula's initial mining rate is currently forecast at 3.8 million tonnes per annum at an average feed grade "well in excess of 6% copper" over the...Read More
Gold prices have surged in recent months amid the uncertainty surrounding the Covid-19 pandemic and enormous monetary stimulus measures, and precious metals companies have seen their valuations benefit. Below, we provide an overview of eight industry players with exposure to gold. Caldas GoldCaldas Gold (TSXV: CGC) holds the producing Marmato gold-silver project in Colombia, as well as the Juby p...Read More
Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) has hit high-grade gold intercepts at its O'Brien gold project in Quebec that point to the potential for a third mineralized area east of the historic mine.Highlights of drilling include 2 metres of 45.86 grams gold per tonne from 500 metres vertical depth, 2 metres of 21.29 grams gold per tonne from 260 metres depth, and 2 metres of 17.9 grams...Read More
Mining companies operating in Mexico are showing concern, after the country's government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday.The move, said local mining groups that include industry chamber Camimex, will negatively impact the sector, which is already affected by Covid-19 measures and high numbers of cases and...Read More
Nordgold has sweetened its proposed takeover offer of Cardinal Resources (ASX, TSX: CDV) in order to beat out competition from China's Shandong Gold.The latest offer would see the Russian gold miner acquire all of the Cardinal shares that it does not currently own for A90 ? (US66 ?) per share in cash, up from its previous offer of A66 ? (US48 ?) per share.Cardinal's board of directors has advised...Read More
Gold mines emitted on average 0.8 tonnes of CO2-equivalent (CO2e) for every ounce of gold that was produced in 2019, according to a report from S&P Global.Strong price performance has led to a large number of new gold mines opening and, with this, also concerns of mining's impact on climate change.Another recent report from Wood Mackenzie found that emissions from metals production will need to ha...Read More
As the Covid-19 pandemic shutdown economies around the globe, it revealed a number of underlying problems with regional supply chains. The production of copper, cobalt, lithium and other key metals and minerals were severely impacted, leading to supply and demand problems internationally.As part of The Northern Miner's Global Mining Symposium, Frik Els, executive editor of sister publication MININ...Read More