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

The warning emerged on Friday, before South Africa's president Cyril Ramaphosa yesterday announced a night-time curfew to begin today as the number of cases in the country balloon at the "equivalent of 500 new infections every hour"."The COVID-19 lockdown and its broader impact on economic activity appears likely to reduce mining output by 15-25% in 2020," minerals council CEO Roger Baxter said on...Read More

Share this articleTORONTO - Yamana Gold Inc. says the Canadian Malartic mine in Quebec has ramped up production more quickly than anticipated following a COVID-related shut-down.The mine, one of North America's largest gold producers, milled more than 60,000 tonnes per day of ore in both May and June, partially offsetting the down time and ramp-up in production that began April 15 after the pro...Read More

(IDEX Online) - A pair of matching heart-shaped fancy diamonds - a vivid pink and a vivid blue - fetched a combined  price of $18.6m at Sotheby's in Hong Kong.The stones were sold as separate lots.  It is not known if they were bought separately or by a single bidder.The vivid blue diamond is described as 5.04-carat fancy heart modified brilliant-cut diamond with VS2 clarity, m...Read More

(IDEX Online) - The president of the Israel Diamond Exchange has made an impassioned plea for the government to help an industry that has lost $600m to COVID-19."We are turning to you with an urgent request to help the diamond industry, which is on the brink of collapse as a result of the coronavirus," says Yoram Dvash (pictured) in a personal letter to President Benjamin Netanyahu.He says 15,000...Read More

(IDEX Online) - A long-running dispute over the ownership of the Princie, a $40m pink diamond sold by Christie's, is to go to trial in the USA.The exquisite 34.65-carat stone was sold to the Qatari royal family in April 2013 -  the highest price for any jewel sold by the auction house.But the family of the powerful Italian senator and newspaper magnate Renato Angiolillo, who died in 1973...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe potential impact on copper supply is further aggravated by COVID-19 containment measures in place in Peru, which is restricting production there. Various mines in Chile are in collective bargaining processes to establish the next three-year agreements with workers. With many unions looking to suspend work to protect their membe...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIts new dispersion index put global activity at 50.7 for June, up from 50.6 in May.China's figures had dropped slightly from 54.6 to 53.9.Artemis all set thanks to unique approachSPONSOREDartemis resourcesMarex Spectron's global head of analytics Dr Guy Wolf said there had been "a record amount of inactive capacity" in China during...Read More

Wallbridge Mining's (TSX: WM) drill program at the wholly owned 85.6-sq.-km Fenelon gold project has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zones and suggests near-surface zones of gold mineralization within Area 51.With 11 surface and 13 underground ho...Read More

When I was interviewing Jon North, the founder and CEO of 79North (CNSX: TWLV), about his exploration projects in Suriname, a small country at the top of South America, he told me about the many years he had spent working in West Africa and around the Sahel region - the semiarid belt south of the Sahara stretching from Senegal to Sudan.From the time he started working on the continent with his for...Read More

Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of the village of Tukhard, located on the Gydanskii tundra.In a media statement, the company said that the spill poses no threats to the health of people living in the area and that crews are alrea...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources The low point in the game is probably over-cautious, while the more ambitious forecasts have a touch of Buzz Ligh...Read More

Egypt-focused gold miner Centamin (TSX: CEE; LSE: CEY) said today it is looking at expansion opportunities as soaring bullion prices and the country's decision to open up its riches to foreign capital unlock opportunities.Gold prices have hit nine-year-highs of about US$1,800 per oz. in recent weeks, boosting treasuries and spurring merger and acquisition activity.Chief executive Martin Horgan sai...Read More

The potential impact on copper supply is further aggravated by COVID-19 containment measures in place in Peru, which is restricting production there. Various mines in Chile are in collective bargaining processes to establish the next three-year agreements with workers. With many unions looking to suspend work to protect their members from COVID-19, negotiations are expected to be testy."In the las...Read More

Southern Empire Resources (TSXV: SMP) is set to acquire all of the issued and outstanding common shares of MAS Gold (TSXV: MAS).The terms of the deal are that each shareholder of MAS Gold will receive one common share of Southern Empire for every 8.5 common shares of MAS Gold. On completion, Southern Empire will issue a total of 5.83 million Southern Empire shares to the shareholders of MAS Gold.B...Read More

Chakana Copper (TSX-V: PERU) (OTC: CHKKF) just received its long-awaited permit which will allow it to drill some of the most exciting copper-gold targets in the space.I caught up with David Kelley to go over the Soledad copper-gold silver project, which Chakana has an exiting option on that will allow it to retain 100% of the project. We talked about the excellent grades to date, when to expect d...Read More

AVZ Minerals managing director Nigel Ferguson believes it is the "disruptor" EMEA EV battery hopefuls are waiting for and that can certainly cement the DRC's central place in regional new-energy supply chains.To that end, AVZ is working as fast as it can in a COVID-19 constrained world to put in place start-up financing for its 60%-owned Manono Lithium and Tin Project on the mid-Proterozoic intrac...Read More

(Bloomberg) -- Zimbabwe's biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe's gold mines this year. The newcomer isRead full newsRead More

Despite the Federal Government's efforts to diversify the economy, earn more foreign exchange and create jobs, reports of illegal goldRead full newsRead More

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.Read full newsRead More

(IDEX Online) - Alrosa reported another poor trading month in June, with sales of rough and polished totaling just $31.3m.That compares with $222.4m of like-for-like sales in June 2019.The Russian state-owned miner has revised down its production forecasts, postponed its July and August sales, suffered an 87 pr cent drop in profits and is pursuing a price-over-volume strategy as the COVID-19...Read More