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

Silver futures climbed to the highest in almost seven years and gold continued its march toward a record on expectations there'll be more stimulus to help the global economy recover from the coronavirus pandemic.Read full newsRead More

Spot gold was worth US$1,841.50 an ounce at the time of writing and silver $22/oz."Gold has managed to break through the $1,818 mark this week, as this precious metal pushes into a fresh eight-year high on the way to the [September 2011] $1,921 record high," London-based IG senior market analyst Joshua Mahony said yesterday."The wider bullish trend continues apace with this breakout, where further...Read More

Cypress Development's Clayton Valley lithium project in Nevada is on track to be a potential world-class source of lithium for the global electric vehicle marketLithium has become a critical component of our modern age and is used in rechargeable lithium-ion batteries for a range of electronics, including mobile phones, laptops, cameras, and hundreds of other devices.Furthermore, lithium-ion batte...Read More

The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top 10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization, as of July 24.1. Barrick GoldMarket cap: US$50 billionBarrick Gold's Cortez pit, looking north. Credit: Barrick Gold.Toronto-based Barrick Gold (T...Read More

Summa yesterday announced an C$8 million placement at $1 per unit, saying it was expected to include a lead order of $5 million from Sprott.He had joined the register in the company's first financing, a May $5 million placement at 25c per share."This financing represents another landmark for Summa Silver and we very much appreciate the strong and continued support from Mr Sprott," CEO Galen McNama...Read More

The deal is valued at up to C$48 million, comprising a payment of $7.4 million from Waterton for its interest and a $3.3 million refund for Karora's share of cash held within the Dumont joint venture for total payment of $10.7 million. The balance is made up from any future proceeds of a possible Dumont sale or other monetisation event for which Karora will be entitled to 15% of the net proceeds c...Read More

The COVID-19 podcast interviews are part of Mining Journal's Stakeholder Engagement programme, a 12-month campaign focused on helping the mining industry better understand and engage with key stakeholder groups. Find out more here."Miners tend to be dominant within a local economy so there's an opportunity to take leadership at a local level," he told Mining Journal as part of its Stakeholder...Read More

(IDEX Online) -  Alrosa is investing $12m seeking out new diamond reserves in Zimbabwe.The Russian state miner announced a joint venture in December 2018 with the national miner Zimbabwe Consolidated Diamond Company (ZCDC), and is now embarking on two-years of prospecting and preliminary exploration works for primary diamond deposits.Zimbabwe is hoping to exploit its rich diamond reserves and...Read More

(IDEX Online) - An Indian laborer who leased a tiny square of land to dig for diamonds has unearthed a 10.69 carat stone valued at $67,000. Anandilal Kushwaha, 35, paid just $2.70 for the six-month rights to a 25ft by 25ft patch in an area of Panna, Madhya Pradesh, known for its diamond deposits. The stone will be auctioned by the mineral resources department and Mr Kushwaha says he'll share...Read More

(IDEX Online) - A pioneering new app uses facial recognition-type technology to positively identify diamonds and combat fraud.It allows anyone in the jewelry industry with an iPhone or iPad and a $50 outlay to start registering and verifying diamonds using a special viewer that fits over the camera lens.Tech firm GemEx says its patented DiamondEye is the only affordable ID system in the marketplac...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesGroup June quarter copper production was 24,577 tonnes, while gold production was 68,740 ounces, at C1 costs of negative US5.4c per pound of payable copper.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta produced 177,700 tonnes of copper in Q2, a fall of 8.4% quarter-on-quarter driven by lower grades from the company's Centinela Concentrates division.Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesAs a rather sad indictment of what my life has become, I was doing some dusting the other day. Not that there is any...Read More

Endeavour Mining (TSX: EDV) has increased its gold resource by 554,000 oz. at its Hounde mine in Burkina Faso, located approximately 250 km southwest of the capital Ouagadougou.The updated mineral resource now stands at 74.6 million tonnes grading 1.85 grams gold per tonne for 4.45 million contained oz. gold in the measured and indicated category. Inferred resources also increased to 7.9 million...Read More

Step-out drilling at Marathon Gold's (TSX: MOZ) Valentine gold project has extended the Berry zone to the northeast, to a drill-tested strike of 450 metres.The company's latest release includes the assays from ten holes completed at the Berry area, which sits within a 6-km-long Sprite corridor between the Leprechaun and Marathon deposits at the site.Highlights include 120 metres of 3.33 grams go...Read More

Gold-focused producer Karora Resources (TSX: KRR) has announced the sale of its 28% interest in the Dumont nickel project in Quebec to two private funds advised by Waterton Global Resource Management, for a total of up to $48 million.As consideration for the sale, Karora will receive $10.7 million upon closing - expected by the end of July - which includes $7.4 million from Waterton, and a $3.3-...Read More

Copper futures rallied on July 21 after an agreement on a massive economic stimulus plan in Europe, optimism about a Covid-19 vaccine, and ongoing worries about pandemic-hit supply from top producer South America.Copper for delivery in September trading in New York changed hands for US$2.98 per lb. ($6,560 a tonne) in early afternoon trade, up 2% from July 20 settlement.Copper futures are on track...Read More

Chilean miner Antofagasta (LSE: ANTO) has shown resilience amid the country's Covid-19 crisis, delivering copper volumes in the second quarter that were 5% ahead of expectations, but 8.4% lower than the previous period.In the three months to June 30, the company churned out 177,700 tonnes copper, compared to 194,000 in the first quarter, mainly due to expected lower grades from the Centinela mine....Read More

Net profit for the top-40 by market capitalisation is expected to fall 15% this year to US$51 billion, given an expected 6% year-on-year drop in revenues to $649 billion and a resultant 6% drop in EBITDA to $157 billion.In contrast, for the period ended December 31, 2019, revenues for the group rose 4% to $692 billion, with EBITDA during the period flat at $168 billion. Dividends paid rose 25...Read More

I am loaded to the gills in precious metals equities.Millions and millions of shares plus warrants. In these pages, we have been telling you what was coming for years. It is here. There are secret police kidnapping citizens in American streets. Corporatism has taken over and the printing press is being used to prop up zombie corporations and assets at the expense of the people (the same people...Read More