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

KUALA LUMPUR: Shares of Borneo Oil Bhd have rallied to a two-year high in early trade today after announcing a gold deposits discovery in one of its mining plots.Read full newsRead More

Barrick Gold is due to release its second quarter results today.The gold price has softened but remains above the US$2,000 per ounce mark, reached for the first time last week.It was about $2,208/oz on the spot market at the time of writing.China's iron ore imports in July surged to a record, up 24% from a year earlier, Reuters reported, driven by shipments from miners and resilient demand as the...Read More

Shares in Nubian Resources (TSXV: NBR) shot up 40% on Friday as it said Sprott intended to acquire "the entirety" of its C$4.2 million offering priced at 42c per unit."Nubian management appreciates Eric Sprott's support, not only for our own company but his unmatched commitment to support the mineral exploration industry," president and CEO Martin Walter said.The company has a silver project in Pe...Read More

The potential for import duties has already tightened supplies with importers likely to seek alternative offshore supplies to fill potential supply gaps.Read More

The resolutions passed through both the state Senate and Assembly and constitute a first step to increasing taxes on mining.Read More

Share this articleThe Grosso Group is the management company for Golden Arrow Resources Corp. [GRG-TSXV; GARWF-OTCQB; GAC-FSE]. Founded in 1993, it is recognized as an early mover in mineral exploration in Argentina. The discovery of three multi-million ounce precious metal deposits and partnerships with industry majors such as Barrick, Viceroy/Yamana, Teck and Rio Tinto makes it clear Argentina h...Read More

Share this articleTORONTO - Barrick Gold Corp. reported a second-quarter profit of US$357 million, up from $194 million in the same quarter last year, as its realized gold price climbed 30 per cent.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it earned 20 cents per share for the quarter ended June 30 compared with a profit of 11 cents per share a year ago.Revenue tota...Read More

(IDEX Online) - Alrosa today reported another month of weak sales, with rough and polished totaling just $35.8m for July, down 79 per cent on last year.The Russian state-owned miner is widely reported to be seeking another rescue deal to sell up to $1bn of rough to Gokhran, the finance ministry's precious metals and gems repository.Alrosa negotiated a similar deal, also for $1bn,  during...Read More

(IDEX Online) - Sales of custom-made jewelry have spiked since COVID-19 lockdown, says a cutting and polishing firm in South Africa.Nungu Diamonds has experienced unprecedented demand for engagement and wedding rings since restrictions were imposed in March, according to a Reuters news agency report.Sales are up 60 per cent and June was its best month in a year.Kealeboga Pule, founder of the compa...Read More

(IDEX Online) - Fugitive diamond billionaire Nirav Modi is to appear at a five-day hearing in London next month, when a judge will decide whether he should be extradited to India for trial.   The 49-year-old jeweler is alleged to have defrauded the Punjab National Bank out of out of $1.85bn by persuading corrupt workers to approve low-rate loans for importing foreign goods, which he used to p...Read More

(IDEX Online) -  The vast republic of Yakutia, in Russia, has yielded its largest ever natural color diamond, a 236-ct rough intense yellow-brown stone.It was found at the Ebelyakh alluvial diamond deposit, operated by a subsidiary of the state miner Alorosa, on the Anabar River.The diamond (pictured) is 47 x 24 x 22 mm and it is estimated to be 120-230 million years old. "Such a large n...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAES Gener said its agreement with the mines had been modified for power supply from its Angamos plant to end in August 2021. Escondida will have to pay $730.Read More

The longest and highest-grade intercept drilled so far at Ungiold's (TSXV: UGD) Nieta concession in the Dominican Republic "suggests that sulphide mineralization may have a steeper plunge to the northeast than originally interpreted, but, most importantly, it suggests that the system is strengthening to depth," CEO Joe Hamilton says.Drill hole 20-147 returned 30 metres averaging 9.02 grams gold pe...Read More

Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal.Drill highlights from the 20 drill holes and 12 wedge holes include 28 metres of 202 grams gold per tonne (9 metres estimated true width); 3 metres of 171 grams gold per tonne; 2 metres of 173 grams gold per tonne; and 2 metres of 52.7 grams...Read More

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has entered into a definitive purchase agreement with Waterton Global Resource Management to acquire a 100% interest in the Getchell gold project, which lies within the Getchell gold belt near Winnemucca, Nevada.To acquire the past-producing asset, Premier will need to make a US$23-million cash payment to the vendor on closing and issue 13.8 million comm...Read More

BHP's (LSE: BHP; NYSE: BHP) Escondida and Spence copper mines in northern Chile are poised to pay a total of US$840 million for an early end to a 2008 energy contract with a coal-fired thermoelectric plant.The move follows a series of recent steps BHP has been taking to become an environmentally friendly miner, including carbon capture and storage and other innovations such as direct air capture.L...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsThat might sound like a tricky concept to grasp but what it comes down to is that value of the shares one man owns in Fortescue curr...Read More

Alrosa, the world's top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia's northeastern region of Yakutia.The precious stone, thought to be between 120 and 230 million years old, is the largest coloured diamond ever mined in Russia, the company said.The diamond, described as having a "natural and intense yellow-brown colour," was found...Read More

Share this articleTORONTO - The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.Mark Bristow said he is actively guarding against temptation to change course."First of all, the way you do it, is you don't blow your brains out, like what hap...Read More

"All the opportunities created by the merger and subsequent transactions have been seized and more have been identified.Read More