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

Aftermath had said on Thursday Sprott had agreed to invest $5.3 million in its $12.5 million placement priced at 65c per share, which would give him 19.9%.A day later, Aftermath said it was increasing the placement to $15.6 million and said Sprott would also increase his investment, in order to hold 19.9% of the issued and outstanding shares post-closing.He had held 16.2% at July 13, according to...Read More

Swick Mining founder and managing director Kent Swick said on the company's FY2020 results conference call it was keen to move the mooted demerger forward, given Orexplore's value wasn't beingRead More

Share this articleAuryn Resources Inc. [AUG-TSX, NYSE American] said Monday August 31 that it has arranged for a bought deal private placement that is expected to raise $22.5 million from the sale of 7.5 million subscription receipts of the company.The subscription receipts will be exchanged for common shares of Auryn concurrently with the completion of Auryn's recently announced plan to acquire E...Read More

(IDEX Online) - Troubled Petra Diamonds has yet to receive any offers from potential buyers as its debts mounts and revenue slumps.The UK-listed miner launched a formal sales process in June to sell the company either as a whole or in parts.Petra, founded by Adonis Pouroulis in 1997, bought the famous Cullinan mine, in South Africa, and other deposits deemed unprofitable by De Beers, including the...Read More

(IDEX Online) - Ultra-rare pink diamonds from the soon-to-close Argyle mine are expected to fetch $750,000 at auction in Australia.Rio Tinto's closure of the famed deposit in in Western Australia after 37 years is likely to boost demand and prices."This pink diamond is beyond rare and is in extremely high demand world-wide so we feel very privileged to see one a year but to have a few in the...Read More

(IDEX Online) - Tiffany & Co has reported encouraging signs of a recovery, with a rise in monthly worldwide net sales from May to July, despite the COVID-19 pandemic. Retail sales in mainland China picked up in April and increased about 90 per cent in May, said the luxury jeweler in an earnings statement, and online sales more than doubled.   "Increased sales in mainland China and global...Read More

(IDEX Online) - The GIA could close its Antwerp lab with the loss of 51 jobs in the wake of coronavirus pandemic.Trades union bosses fear the premises in the Belgian city could become nothing more than a drop-off point for stones to be sent abroad."Apparently, over the past few months, they immediately forwarded incoming diamonds to the United States," Yves Toutenel, of ACV Transcom told the Provi...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling hit 30.5m at 1.99% copper and 4.85% zinc (plus lead, silver and gold), as well as 10.6m at 4.15% copper and 8.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesLos Andes said a court of appeals had granted a motion against the Servicio de Evaluación Ambiental (SEA), instructing the environmental evaluation service to conduct a public consultation process, before finalising the evaluation process of a permit - which had been announced in April - for upcoming drilling at Vizcachitas....Read More

Unigold (TSXV: UGD) has announced an updated mineral resource estimate for the Candelones oxide project on the company's flagship Neita concession, a 226-sq.-km land package located in the province of Djabon in the Dominican Republic, 220 km northwest of the capital Santo Domingo.The pit constrained oxide mineral resource now stands at measured and indicated resources of 3.43 million tonnes gradin...Read More

Copper cleared the pivotal US$3 per lb. level on Monday as the recovery in the Chinese economy, the world's top consumer of the metal, gains momentum.Copper for delivery in December trading on the Comex market in New York changed hands for US$3.065 per lb. (US$6,757 per tonne) in early afternoon trade, the highest since June 2018. The move brings gains of 10% for 2020 and 58% since the Covid-19 lo...Read More

GFG Resources (TSXV: GFG; US-OTC: GFGSF) has begun this year's second-phase, 8,500-metre drill program at the 475-sq.-km Pen project, 40 km west of the Timmins gold district in Ontario.The program will test high-grade gold targets across four prospective areas of the property. Pen covers a 50-km-long section of Archean greenstone, the interpreted western extension of the Porcupine-Destor fault zon...Read More

After closing a $12-million private placement in August, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) is looking to triple the metres drilled at its Indin Lake gold project in Canada's Northwest Territories next year, with up to 75,000 metres planned using five drill rigs. The program, which starts this fall, marks a significant increase from this year's ongoing program of 25,000 metres using three dr...Read More

Ecuador's Constitutional Court has struck down a request for a referendum on mining activities at INV Metal's (TSX: INV) Loma Larga underground mine project in Azuay province's Cuenca canton, the company reports.The referendum request, submitted on Aug. 3 by the prefect of Azuay, was the third referendum request for the project, all of which have been rejected by the country's top court."We have b...Read More

AngloGold Ashanti (NYSE: AU) and partner Barrick Gold (TSX: ABX; NYSE: GOLD) are selling their 80% stake in Mali's Morila gold mine amid political uncertainty in the country following a recent coup, the second in less than 10 years.Australian miner Mali Lithium (ASX: MLL) will pay between US$22 million and US$27 million for the joint company that holds the two miners' stakes in the mine. The remai...Read More

Almonte, an engineer with a MSc in nuclear physics from the Universidad de Surrey in the UK, said developing the institutionality of the ministry was a key task and he intended to implement theRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesGomez, a long-time union leader and opponent of Grupo Mexico, made his demand after the company and its principal owner Jorge Larrea failed to respond to a request by president Andres Lopez for it to negotiate a settlement to a long-running strike at several of its operations.Gomez asked the president, a personal friend, to strip t...Read More

While everyone talks about Warren Buffett's pivot into the gold space, it appears that gold isn't the only metal the oracle wants exposure to.This morning it was reported that Buffett has acquired a 5% stake in each of the five leading Japanese trading companies.Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to...Read More

Aug 27, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - A post-COVID new normal...Read full newsRead More

Aug 27, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - A post-COVID new normal...Read full newsRead More