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
U.S. glass manufacturer O-I Glass Inc is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration award it won after the 2010 expropriation of two manufacturing plants, according to a summons filed with a Singapore court seen by Reuters.Read full newsRead More
These predictions may have sounded wildly bullish when they were first made, but that's changing with gold holding above US$2,000.Read full newsRead More
Thanks to U.S. dollar's weakness, the Fed's holding of interest rates at an all-time low and discouraging private sector job additions amid the pandemic, the appeal for gold has increased.Read full newsRead More
Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that its previously announced clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test that commenced in July continue and are now expected to return their full results within two weeks. The delays have...Read More
Russia has continued increasing fuel exports to the United States, raising them by 16% in July from June, to 1.078 million tonnes, replacing crude oil supplies from Venezuela, Refinitiv Eikon and traders' data showed on Thursday.Read full newsRead More
The company has received commitments from undisclosed investors for $50 million in new shares priced at 24c each, with a share purchase plan to be initiated for another $5 million.Read More
Week 30 (31/07/2020-06/08/2020) Company news Americas Cameco plans to restart the Cigar Lake uranium mine in northern Saskatchewan in September.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAnglo American operated Collahuasi saw a 26.8% increase to 323,000t while the BHP-operated Escondida mine posted a 5.1% increase to 599,000t and state copper company Codelco saw output increase 3.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesOk Tedi says these are the first positive cases recorded in Tabubil, and occurred despite the mine implementing a shutdown of all charter flights into and from Tabubil on July 28.Of the seven cases, only one person has exhibited flu like symptoms. The other six people are currently asymptomatic. All seven cases are in isolation at...Read More
Pretium Resources' (TSX: PVG; NYSE: PVG) Brucejack underground mine, 65 km north of Stewart, B.C., produced 90,419 oz. gold in the second quarter, close to the previous year's figure of 90,761 oz., in spite of the Covid-19 pandemic.The company, which has not seen any significant interruptions so far from the pandemic, reiterated its production guidance issued in February of 325,000-365,000 oz. gol...Read More
Australian iron ore major Fortescue Metals Group (ASX: FMG) said today it would reevaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an Indigenous group said the project threatened sacred sites, including a 60,000-year-old rock shelter.Fortescue's decision comes after fellow miner Rio Tinto (NYSE: RIO; LSE: RIO), the number one iron ore producer, blew up a 46,000-...Read More
U.S. miner Albemarle (NYSE: ALB), the world's top lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that power electric vehicles (EVs).The decision affects portions of the Silver Peak lithium mine in Nevada and Kings Mountain lithium hydroxide production facility in North Carolina starting this September.The company p...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 mineralsBut among the short-term bull runs one recent news item stood out for its potential impact far into the future: Toronto-listed Read More
The Federal Reserve has two objectives: 1) promote employment and 2) stabilize prices.Well in the next few weeks, it's going to abandon the second. And gold is going to surge to unforetold heights as a result. This isn't just some wild prediction. It's coming from the Fed itself. You see, all the way back in November 2018, the central bank announced a broad review of the strategy, tools, and m...Read More
The AI-Powered Search Engine Promises to Bolster Analog Gold's Growth in 'Undervalued' Mining MarketFORT LAUDERDALE, Fla. and NASHVILLE, Tenn., Au...Read full newsRead More
Northstar Gold Corp. provides the following exploration update foRead full newsRead More
Steppe Gold Ltd. is pleased to announce that the previously annouRead full newsRead More
Gold79 Mines (TSXV:AUU) has launched its campaign on the Investing News Network's resource channel.Read full newsRead More
VanGold Mining Corp (theRead full newsRead More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has closed the non-brokered private placement financing of units of the Company (the "Units") at a price of $1.00 per Unit (the "Offering") for gross proceeds of $8,000,000. Participation in the Offering included a lead order of $5,000,000 from Mr. Eric Sprott.Each Unit...Read More