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
BHP (NYSE: BHP; LSE: BHP) said this week it had inked a deal to support the development of new solar and wind farms in Australia's Queensland state as part of a company-wide effort to use more renewable energy.The miner, which runs nine metallurgical coal operations in the Bowen Basin through its BHP Mitsubishi Alliance (BMA) and BHP Mitsui Coal (BMC), said the move would help it cut its indirect...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) expects to begin producing copper at its Kakula project in the Democratic Republic of Congo (DRC) in less than a year, as total underground development to date has surpassed the 20 km mark - about 6 km further than scheduled.Kakula, the first mine planned at the Kamoa-Kakula concession, is initially forecast to generate 3.8 million tonnes of mineralized mate...Read More
"The company disagrees with numerous grounds outlined in the ruling dismissing the application for judicial review handed down by Deputy Chief Justice Kandakasi in the National Court today, and intends to urgently appeal the ruling to the Supreme Court," Barrick Niugini said yesterday.The company had suspended the mine in April after the government refused its 2017 application to extend Porgera's...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe biggest gain was seen at the Collahuasi mine where red metal output jumped 26.2% to 381,100 tonnes. Escondida, the country's largest mine, saw output increase 4.9% to 699,900t while state copper company Codelco saw its production grow 2.3% to 436,700t.Anglo American's Sur division saw production contract 16.4% to 202,300t due t...Read More
This year has already been my most successful year of investing by far. I've consistently been bagging gold gains in the order of five- and six-figures.I've never seen anything like it. Subscribers are having similar experiences and they've never seen anything like it either. This gold trading strategy is already paying off while the rest of the world and markets are witnessing mayhem.My email...Read More
VVC Exploration Corporation announces the following. ShareholdersRead full newsRead More
Puma Exploration Inc., (TSXV:PUMA), (the "Company" or "Puma") is pleased to announce the initial results of its summer exploration program conducted on the Williams Brook Property of its flagship Project; The Triple Fault Gold, in Northern New Brunswick, an Atlantic Province of Canada.Read full newsRead More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, announced that it will be presenting at the LD 500 Virtual Conference on Thursday, September 3rd, 2020 at 12:00pm PST / 3:00pm EST. Andriyko Herchak, CEO, will be presenting to a live audience and taking 1-1 virtual meetings over the 4 day d...Read More
Vancouver, BC September 1, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce it has appointed Mr. Michael Tucker as VP Exploration. Mr. Tucker is the former exploration manager for Balmoral Resources, which was recently acquired by Wallbridge Mining Company (TSX: WM). KORE is also pleased to announce two appointments to our US based developmen...Read More
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.Read full newsRead More
Concern grows over proposal to open three mines along Nova Scotia's longest single waterway that supports both endangered species and ecosystemsRead full newsRead More
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.Read full newsRead More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsIt was Tsingshan Steel which stirred nickel 12 months ago with a big buying order that reportedly took 78,000 tonnes of nickel off the London Metal...Read More
Auryn and Eastmain Resources had announced the transaction a month ago, designed to create three, commodity-specific exploration companies, with Fury to be focused on Canada and headed by former Agnico Eagle VP of corporate development Mike Timmins. Yesterday, the pair said Auryn would issue 7.5 million subscription receipts in two tranches, the first priced at $2 and the second at the flow-t...Read More
The deal also includes earn-outs based on future performance. IG was formed in Melbourne in 2012 and has a presence in South Africa, Chile and Singapore.Read More
(IDEX Online) - De Beers reportedly sold $300m of rough at Sight 7 last week, after offering 10 per cent discounts to buyers.It signals the start of a recovery after its sales for the whole of Q2 fell 96 per cent to just $56m.The miner sold $551m of uncut gems at its February Sight, the last before the pandemic took hold globally and decimated demand.De Beers, which sells a quarter of the world...Read More
(IDEX Online) - A spectacular yellow-brown diamond fetched $325,000 in the first online-only sale of diamonds by Christie's.The Jewels Online: Summer Sparkle realized $1,492,625 in total, with 84 per cent sold by lot.The headline lot was a 20.21-carat pear-shaped stone (pictured) set in a fine white diamond necklace. Other highlights included old mine brilliant-cut diamond ring of 12.02...Read More
(IDEX Online) - Uncertain times are reflected in an uncertain market, with few price movements during July and little to discern by way of overall trends. A glance at the charts shows a more or less equal split between red (falls) and green (rises). Key one-carats (1.00-1.24cts), both round and fancy cuts, were pretty much static. Only the smallest fancies (0.18-0.22cts) showed consistent increase...Read More
The first thought leadership panel of the Global Mining Symposium was focused on sustainability and the importance of the shift from commitments to action by the mining industry. Moderated by Henry Stoch, Deloitte's Canadian sustainability and climate change leader, the panel featured Marcia Smith, senior vice president, sustainability and external affairs with Teck Resources (TSX: TECK.B; NYSE: T...Read More
This week's episode features the launch of The Northern Miner's Global Mining Symposium virtual mining conference, with opening remarks by group publisher Anthony Vaccaro. As well, Rio Tinto responds to last week's podcast - we examine what was said and take another look at where things stand.All this and more with online editor and host Adrian Pocobelli.Gord SusinskiThis episode's Mining Minute...Read More