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
Pure Gold, Canada's Next Gold Mine, This YearSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesWell the doors have been flung open - we await the result.Read More
The number of positive cases has grown to 2,328, up from about 1,000 two weeks ago.The number of cases globally has risen well above 10 million and deaths above 500,000 as the global pandemic continues.The council said yesterday of the industry's 424,275 employees, 286,624 had been screened and 19,026 tested, with 871 tests pending.It said the mining test rate was 4.48%, above the country's 2.69%...Read More
Gold touched $1,800 for the first time in eight years. Many of the largest gold mining stocks - Barrick, Newmont, FrancoNevada, Wheaton Precious - are up 60% to 90% in the past year. That means they're moving 2X to 3X higher than the "record setting" NASDAQ. And this is only the beginning. Now that gold is at $1,800, a few new factors come into play...First, from a technical perspective, if th...Read More
Toronto, Ontario, Jun 29, 2020 (Newsfile Corp via COMTEX) --Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - IAMGOLD Corporation (TSX: IMG) (Read full newsRead More
The mine project at Greencastle, County Tyrone, was originally submitted by company Dalradian in 2017.Read full newsRead More
After two weekly surprise builds in a row, US crude stocks saw a major draw of over 8mm barrels - the most since 2019...Read full newsRead More
New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology "It is better to wait and trade" THAN "trade and wait". Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an inve...Read More
New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology "It is better to wait and trade" THAN "trade and wait". Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an inve...Read More
Mongolia's gold mining industry is helping the nation's economy.Read full newsRead More
Steppe Gold Ltd. announces certain updates in respect of its 2020Read full newsRead More
Sixty North proposes to complete a non-brokered private placementRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the successful coRead full newsRead More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) notes recent policy developments in the U.S. Congress and Executive Branch on Critical Minerals, including graphite. On June 24, 2020 the U.S. Senate Committee on Energy & Natural Resources (ENR) held a hearing titled "Impacts of COVID-19 on Critical Minerals Supply Chains." The Senate hearing took place several weeks after two...Read More
Toronto, Ontario, Jun 29, 2020 (Newsfile Corp via COMTEX) --Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - IAMGOLD Corporation (TSX: IMG) (Read full newsRead More
The Zimbabwe Environmental Law Association (ZELA) yesterday reiterated its recommendations that policies must be tailored to promote intra- and inter-generational equity in the mining sector, as the country continues to push for foreign direct investment.President Emmerson Mnangagwa and mines and mining development minister Winston Chitando unveiled plans in October to grow Zimbabwe's mining indus...Read More
(IDEX Online) - India's diamond industry is being urged to accept upon itself a third voluntary ban on rough imports.An appeal has been issued to halt all purchases between 10 and 31 July. It follows similar appeals on 23 April and 19 May.An estimated $7bn of rough and polished diamonds have been stuck in India, the world's cutting and polishing capital, since the country first wen...Read More
(IDEX Online) - Swarovski is to axe 600 jobs in response to a "massive" decline in sales.The family-owned Austrian business empire, known for its crystal jewelry and swan logo, will shed almost one in 50 of its 34,500 workforce as it embarks on a restructuring plan.Two hundred jobs will go at its headquarters in Austria's Tyrol region."The international luxury market has been hit hard by the...Read More
(IDEX Online) - Petra Diamonds is seeking a buyer as debts mounts and revenue slumps.The UK-listed company operates the world-famous Cullinan mine in South Africa, source of the largest rough gem-quality diamond ever - the 3,106.75-carat Cullinan Diamond that became part of the British Crown Jewels. In addition, it operates the Finsch and Koffiefontein mines, also in South Africa, and the Wil...Read More
(IDEX Online) - A visitor to one of the world's only dig-your-own-diamond attractions has walked away with a 2.23-carat stone.Beatrice Watkins, 56, was sifting soil at the Crater of Diamonds State Park, Arkansas, USA, a former commercial mine turned visitor attraction that now admits amateur miners for $10-a-day.She unearthed the biggest diamond this year and is allowed to keep it under rules...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe all-stock transaction, valued at about C$140 million, offers 11 SolGold shares per Cornerstone shares and values Cornerstone at $3.90 a share, representing a premium of about 22% over Cornerstone's June 29 closing price."This is an exciting value enhancing opportunity, providing Cornerstone shareholders with a premium over the...Read More