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
Physical demand fell 36% year-on-year to 677 tonnes, with primary demand drivers such as jewellery, which usually accounts for about 55% of consumption, contracting 53% in the period to the lowest level seen in the past two decades.All key regions saw "severe losses" as demand was paralysed due to the virus outbreak and lockdowns in many markets, in tandem with gold's 8% rise to average US$1,711/o...Read More
Auroch acquired the Saints and Leinster nickel projects just over 12 months ago and immediately put its in-house nickel exploration technical expertise to work, prioritising a pipeline of prospective targets to systematically drill test and advance the projects in the mining-friendly jurisdiction.At Saints, the company is looking to expand the existing 1.05 million tonne resource grading 2% nickel...Read More
Gold struck a record high of $1,944.71 in Asian trading on Monday as traders piled into the \Read full newsRead More
FireFox Gold Corp. is pleased to provide an update on its summerRead full newsRead More
GoldSpot Discoveries Corp. has been engaged by FireFox Gold Corp.Read full newsRead More
Aben Resources Establishes Base Camp Begins Ground Exploration PRead full newsRead More
Kerr Mines Inc. is pleased to announce it has entered into an agrRead full newsRead More
As promised, part two of our sub-$20M ExploreCo shortlist. The junior sector is on a serious tear. Clearly, we areRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Diego Parrilla, heads of Quadriga Igneo, says gold could rise to $3,000-$5,000 in the next three to five years due to unprecedented monetary stimulus.Read full newsRead More
Local indigenous groups oppose the project.Read full newsRead More
An uncertain and uneven recovery explains their skyward leapRead full newsRead More
An uncertain and uneven recovery explains their skyward leapRead full newsRead More
(IDEX Online) - Christie's first "live" auction in New York since coronavirus will feature a pendant necklace with a 116-carat diamond and a high estimate of $7m.The central diamond (pictured) is a pear brilliant-cut diamond of 115.83 carats, F color, VVS1 clarity and the platinum necklace includes more than 50 other diamonds, of up to 5.50 carats.The Magnificent Jewels sale, which takes plac...Read More
(IDEX Online) - GIA is using advanced artificial intelligence (AI) to evaluate diamonds "like never before". The US-based diamond identification and grading authority has joined forces with the research division of IBM to develop the technology.It has been "learning" to recognize diamond attributes from tens of millions of stones already graded by the Gemological Institute of America at its l...Read More
Gold continued its upward climb today and made history by touching record prices as worries over the coronavirus pandemic and intensifying U.S.-China tensions weighed on investor sentiment.Spot gold surged 2% to US$1,940.96 per oz. by 11:15 a.m. EDT. Earlier in the day, the spot price set an all-time high by trading at US$1,945.10 per ounce, topping the previous high set in September 2011.Gold fut...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesGold's rise has been well-reported but to refresh it is all about a combination of falling U.S. interest rates, and...Read More
A wave of new mines in the pipeline on Chile's Maricunga gold belt are advancing towards construction just as the price of the precious metal hits its highest level in almost a decade.Gold Fields (NYSE: GFI), Kinross Gold (TSX: K; NYSE: KGC), Rio2 (TSXV: RIO; US-OTC: RIOFF) and Kingsgate Consolidated (ASX: KNC) of Australia are all pushing projects that could enter production by the middle of the...Read More
As the gold price breaks through US$1,900 per oz., Refinitiv has released its review of the gold sector in the second quarter, providing insight into where the demand is coming from - and where it's falling.The review shows that as uncertainty around the Covid-19 pandemic has boosted investor demand for gold in some regions, the rising price has made the yellow metal more expensive in local curren...Read More
Golden Star Resources (TSX: GSC; NYSE-AM: GSS) has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for US$55 million and contingent payments of up to another US$40 million.The mine is 40 km from Golden Star's Wassa gold mine, and the sale will allow the company to accelerate the growth and development of its Wassa's resource bas...Read More