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 Northern Miner kicked off its inaugural Global Mining Symposium on Tuesday, with mining leaders, influential investment professionals, and forward-thinking innovators from around the world. The three-day event includes panel discussions, fireside chats, and company presentations and covers the financial, technological, and operational developments that guide the global mining and mineral expl...Read More
A preliminary economic assessment (PEA) for Troilus Gold's (TSX: TLG; US-OTC: CHXMF) namesake project in Quebec has outlined a 22-year, 35,000-tonne-per-day open pit and underground mine, with the 9,000 tonne-per-day sub-surface portion starting up in the eighth year.The resulting operation would produce an average of 220,000 gold oz. per year over the first five years of operation, and 246,000 go...Read More
Evolution Mining (ASX: EVN) has released an updated resource for its recently acquired Red Lake gold project, which the company says is materially higher than the figures estimated during its due diligence of the acquisition.The Sydney, Australia-based gold miner acquired the northern Ontario operations from Newmont Mining (TSX: NGT; NYSE: NEM) in a US$475-million deal that closed earlier this yea...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has released an updated resource for the Getchell gold project in Nevada. Last month, the company announced a definitive purchase agreement for the asset with Waterton Global Resource Management.Measured and indicated resources at Getchell consist of 21 million tonnes at 2.16 grams gold per tonne for 1.5 million oz. gold, with an additional 2.8 million i...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) will take a dispute over mining rights for the Porgera gold mine in Papua New Guinea (PNG) to the country's Supreme Court after a minor court dismissed the Canadian company's attempt to regain the licence.The world's second-largest gold producer and its Chinese partner, Zijin Mining, became embroiled in a dispute with the PNG government in April, when Prime Mini...Read More
Scorpio Gold (TSXV: SGN) has granted an option to Titan Mining (TSX: TI) to earn an 80% interest in the Mineral Ridge property in Nevada.The terms of the agreement require Titan to spend US$35 million in staged expenditures over a period of five years to earn an 80% ownership interest in Mineral Ridge Gold LLC, an indirect subsidiary of Scorpio Gold which holds all of the mineral rights and water...Read More
A new report by Fitch Solutions forecasts that global gold production will increase from 106 million oz. in 2020 to 133 million oz. by 2029, for an average annual growth rate of 2.5%.According to the report, this result would be an acceleration from the average growth of just 1.2% over 2016-2019.In the market analyst's view, Russian gold production will lead the rise with gold output jumping from...Read More
The company said it was the third such request by the Prefect of Azuay in his personal capacity, which INV believed was politically motivated in advance of the 2021 presidential elections. "We have been advised by our legal counsel that this and other previous rulings have set a precedent that any future referendum requests related to mining activities should not impact our legally granted mi...Read More
If you're like me, you haven't stepped foot in an airport in over half a year.When we eventually do, we'll enter a whole new world. It'll look a lot like the one before, but will be fundamentally transformed.The way things are looking, some airlines might not be around anymore. I wouldn't be surprised if we see government-brokered takeovers similar to the financial sector in the last recession, bu...Read More
Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.Read full newsRead More
Gold79 Mines Ltd. is pleased to announce executive management chaRead full newsRead More
Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN:A2H9TN) (Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Vancouver, BC - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announced today it has engaged Bonham/Wills & Associates ("Bonham/Wills"), a leading sports consulting firm, to assist in securing test development sponsorship partners for its next rapid-response test R&D project, leveraging the Company's proprie...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), is pleased to announce that it has acquired all the assets and economic interests of its royalty portfolio company Green Compliance Inc. ("Green Compliance"). Green Compliance's ezGreen software provides state-of-the-art enterprise compliance and point-of-sale (POS) software solutions for licensed cann...Read More
Montr?(C)al, Qu?(C)bec - August 31, 2020 - Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D) is pleased to announce the Company has entered into an agreement with Insight, a NASDAQ listed Fortune 500 US distribution company offering innovative solutions to support the modern workforce by simplifying device management for distribution of the Company's cellular booster line of business.Insight...Read More
Berkshire recently revealed an investment in a gold mining company while it trimmed some bank investments. Does this signal a change in Warren Buffett's investment philosophy? Don't count on it.Read full newsRead More
Canada's Barrick Gold says it will challenge an apparent move by the PNG government to grant a 20-year lease for the Porgera gold mine to a state-backed firm.Read full newsRead More
Aug 28, 2020 (Baystreet.ca via COMTEX) --When insiders like Warren Buffett make investments in sectors like gold/precious metals, that have previously been...Read full newsRead More
China's August manufacturing and services PMI later today, the Caixin PMI tomorrow and US ISM manufacturing data on Wednesday were expected to show slight improvements, Pepperstone head of research Chris Weston said.Meanwhile the gold price has climbed back up to more than US$1,971 an ounce on the spot market.India's gold imports hit a five-month high in July "as market returns in premium," the Wo...Read More