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
Tony Barresi has resigned as a director and the President of theRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020.1. Franco-NevadaMarket capitalization: US$26.40 billionFranco-Nevada CEO David Harquail speaks at the 2019 Canadian Mining Symposium, in London, United Kingdom. Photo by Martina Lang for The Northern Miner.Franco-Nevada (TSX: FNV; NYSE: FNV) continues to hol...Read More
The S&P 500 closed 2.42% lower on Friday in the US, where the number of coronavirus cases is now more than 2.5 million according to the latest figures from Johns Hopkins University.The gold price was up around US$1,772 an ounce on the spot market at the time of writing."Gold is caught in a mostly delicate, but erstwhile crazy, dance as the safe haven crowd butts heads with Wall Street bulls in...Read More
The company said 30 million units would be offered on a bought-deal basis, while "a large shareholder" had indicated an intention to acquire 41 million units on the same terms.It said the net proceeds would be used to fund the remaining capex at its San Albino gold project in Nicaragua, for exploration, working capital and general corporate purposes.Funds raised under the bought-deal offering woul...Read More
Clarke, who managed the large technical team that took the Woodsmith Mine into construction following several years of studies, will take up the new role on July 1.Read More
The Minerals Council South Africa said the industry currently screened about 272,000 employees every time they reported for work and had conducted 15,994 tests, at June 25.By Friday, the number of mining employees who had tested positive for COVID-19 was 1,950 and the death toll had risen to seven.The Association of Mineworkers and Construction Union, which successfully fought for mandatory COVID-...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe agreement paves the way for the government to fund and construct a power plant at Tavan Tolgoi.In February, Rio and Turquoise Hill submitted a feasibility study to the government for a US$924 million power plant.Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe parties have agreed to work towards finalising...Read More
Iamgold's (TSX: IMG) 70%-owned C??t?(C) gold project in northern Ontario has received a key federal permitting approval, taking it one step closer to a construction decision.The approval, under the Fisheries Act, is related to impacts on fish habitats and tailings management for the site, located 20 km southwest of Gogama.Iamgold says it's working toward a construction decision with Sumitomo Meta...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has suspended operations at its Santander zinc-lead-silver mine in Peru after 19 workers tested positive for the Covid-19.Trevali said the workers were asymptomatic and put into quarantine.Further testing will be done at the mine, and the company did not provide a timeline for a restart.The underground mine is 215 km northeast of Lima and has a 2,000-tonne p...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located in the Gobi Desert.The new deal is a revision of the original power source framework agreement (PSFA) signed in 2018. It states that Rio Tinto, its subsidiary Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian...Read More
Let's face it, at times like these, editorial writers are spoiled for choice. How does one choose among the most pertinent topics of the day? The surge in new coronavirus cases in the U.S.? Last week Florida, Texas, Oklahoma, and South Carolina all reported their highest-ever single-day totals of new cases. Yesterday Johns Hopkins University recorded nearly 39,000 new cases in the United States.Or...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 resourcesCiti is the latest bank to dig deep into lithium, a key battery metal which boomed three years ago before crashing in a glut of...Read More
Teck president and CEO Don Lindsay joins The Northern Miner's Trish Saywell for a fireside chat at the Canadian Mining Symposium on Zoom.Read More
Joe Foster, Portfolio Manager and Gold Strategist at VanEck, is interviewed by Dean McPherson, Head of Business Development at TMX Group, at the 2020 Canadian Mining Symposium on Zoom.Read More
Ashley Kirwan, President, CEO, and Principal Geologist at Orix Geoscience presents "Going Back to First Principles-In Geology and Business" with an introduction by Cecilia Jamasmie, Senior Editor at MINING.com.Read More
Facts don't seem to matter much nowadays until they do.Here are some facts. The United States now has over 2.5 million confirmed cases of COVID-19 with over 128,000 dead. Hell of a flu. Here are some more facts. Taiwan with a population of 24 million didn't implement a lockdown yet it did have mandatory universal mask-wearing. Of the 24 million people in Taiwan, it experienced a total of 447 cas...Read More
The Yanomami are the largest of South America's tribes that remain relatively isolated from the outside world.The lust for gold has attracted wildcat prospectors in recent decades, who have destroyed forests, poisoned rivers and brought fatal diseases to the tribe.Today, the Yanomami and localRead full newsRead More
The Oklahoma-based company was a fracking pioneer, but faced high debt as fuel prices plummeted during the coronavirus-induced economic slowdown.Read full newsRead More
The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More