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
Momentum is very bullish for gold and silver. Look for signs of weekly profit taking. If gold and silver do not see any weekly profit taking then chances of $1934.40 and $2425 will be very high today. Federal Reserve is Protecting the American brokers by broadened access to three of its lending facilities designed to provide a credit backstop to firms hurt in the coronavirus crisis, allowing bro...Read More
Momentum is very bullish for gold and silver. Look for signs of weekly profit taking. If gold and silver do not see any weekly profit taking then chances of $1934.40 and $2425 will be very high today. Federal Reserve is Protecting the American brokers by broadened access to three of its lending facilities designed to provide a credit backstop to firms hurt in the coronavirus crisis, allowing bro...Read More
Bravada Gold Corporation announces it has received final approvalRead full newsRead More
Brixton Metals Corp. is pleased to announce a non-brokered privatRead full newsRead More
Where's Benoit?Read full newsRead More
TORONTO - Iamgold Corp. says it is going ahead with its US$1.3-billion Cote Gold mine in northern Ontario as world gold prices reached nine-year highs over US$1,830 per ounce. Construction of the project, which is 30 per cent owned by Sumitomo Metal Mining Co., will start this summer with preparatory work including fish salvage, camp preparation and road access development. The project is expected...Read More
Mining in the United States has been ongoing for centuries and has played a role in the country's development over the years. The Northern Miner presents its annual Top-10 listing of the largest U.S.-based mining companies, which are ranked by market capitalization, as of July 24, 2020.1. NewmontMarket cap: US$53.6 billionThe Kalgoorlie Super Pit gold mine, adjacent to the city of Kalgoorlie-Bould...Read More
Tesla boss Elon Musk is asking miners to produce more nickel, a key ingredient in the batteries that power his company's electric cars, and has offered a "giant contract for a long period of time" to any firm able to extract it in an efficient, environmentally sustainable manner.Musk noted on a second-quarter earnings call that the high price of batteries continues to be one of the main hurdles fo...Read More
As the Pilbara is good for about 90% of Rio's current earnings and 70% in BHP's case, the COVID-beating production performance by the pair was naturally enough the focus of the market's scrutiny ofRead More
"We saw that the situation out there improved in June compared with the beginning of the quarter," Hedblom said this week. "However, the situation is still fragile. We have guided that we still believe there will be an impact on orders and revenues in the near term as well."She said Epiroc achieved an adjusted operating margin of 18.7% - "good under the circumstances" - due to job cuts and other c...Read More
Week 28 (17/07/2020-23/07/2020) Company news Americas Kirkland Lake Gold is suspending operations at the Holt complex in Ontario until further notice and is offering severance pay to all staffRead More
Share this articleTORONTO - Shares in Yamana Gold Inc. rose Friday after the company announced a 12 per cent increase in its dividend and as gold prices rose above US$1,900 per ounce for the first time since 2011.The company's Toronto Stock Exchange stock was up by as much as 49 cents or 6.3 per cent at $8.24 on Friday morning. That's a gain of $3.10 per share so far this year.Yamana reporte...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company, which processes tailings from Codelco's giant El Teniente mine under a long-term contract, says the June-quarter production rate is in line with its revised guidance after drought conditions earlier this year forced it to wind back operations.MVC copper production from fresh and Cauquenes tailings in the June quarter w...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 resourcesOf the major diversified miners, BHP posted a record quarter and year of iron ore production, capitalising on unexpe...Read More
The U.S. Bureau of Land Management has approved the development of the northern route to provide access to the Ambler mining district in northwest Alaska.According to South32 (ASX: S32) and Trilogy Metals (TSX: TMQ; NYSE: TMQ), partners in Ambler Metals, the Record of Decision (RoD) approves the development of the northern, or "A" route, which is to be a 211-mile-long gravel private access road in...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 resourcesBut while these improvements are important, the mining industry still has significant work to do on the SHE front.Th...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 resourcesThis is the latest in a long list of organisations proposing ways for the global mining industry to recover from COV...Read More
The stars continue to align for precious metal prices, driven higher by unprecedented economic and political uncertainty and enormous monetary and stimulus programs.This week leaders of the European Union agreed on a landmark 750 billion euro (US$858 billion) stimulus package to assist countries hit hardest by the coronavirus."It's all creating an investment climate where investors are saying: 'We...Read More