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

Chile's Codelco, the world's No. 1 copper producer, has closed its Chuquicamata smelter and refinery to prevent a further spread of Covid-19 among its staff, following the death of a third worker this week.The move makes Chuquicamata the first major copper asset to close due to the sharp spike of coronavirus cases in Chile in the last two weeks.The news came on the heels of the country's environme...Read More

Share this articleCALGARY - For veteran geologist Roger Moss, this year's runup in gold prices to seven-year highs over US$1,750 per ounce could not have come at a better time.The president and CEO - and only full-time employee - of two-year-old Labrador Gold Corp. had been focused on prospecting in Labrador until early this year when news emerged of a potentially significant gold discovery near...Read More

(IDEX Online) - Tech firm Sarine is to provide "birth certificates" which track the provenance of rough stones being sold by Lucara.The online document, which includes scanned 3D model data, will follow the individual diamond through the cutting and polishing process, and ultimately to the consumer via its Sarine Diamond Journey software.Israel-based Sarine is building on an 18-month partnership w...Read More

Total US sales of watches and jewelry slumped in April, down by an unprecedented 54.7 per cent compared with the same month last year.  It was the first full month of COVID-19 lockdown in the US.Sales in March, which included around two weeks of lockdowns, travel restrictions and store closures, were down 21.1 per cent. This figure, based on actual dollars through the cash regi...Read More

Struggling diamantaires in India are defaulting on payments and going bankrupt because of the COVID-19 crisis, according to media reports. The Times of India details four merchants and dealers in Mumbai and Surat who have collectively been unable to pay debts of $14m. It also says a firm of Surat-based angadias - diamond couriers - is now bankrupt, owing a total of $53m to more than 100 clients.&n...Read More

(IDEX Online) - Trade links between India and China are becoming increasingly strained after the deadliest border clash between the two nations in almost half a century.Twenty Indian soldiers were killed in fighting on 15 June along the Line of Actual Control, the de facto border, in the disputed Galwan Valley, in Ladakh. Chinese casualties have not been disclosed.As a result there are widespread...Read More

Gord Stothart, President and CEO of Iamgold, is interviewed by Adrian Pocobelli, Online Editor of The Northern Miner, at the 2020 Canadian Mining Symposium on Zoom.Read More

(Bloomberg) -- Harmony Gold Mining Co. raised $200 million through a share sale after investors backed its plan to purchase AngloGold Ashanti Ltd.'s last South African operations. Harmony decided to sell shares after its mines were shuttered during a coronavirus lockdown, impacting its original plan to finance the $300 million deal with cash and deferred payments. AngloGold's Mponeng mine and Mine...Read 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

TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce it has completed its previously announced non-brokered private placement financing (the "Offering") pursuant to which Accel Telecom Ltd. ("Accel") subscribed for 1,330 senior unsecured convertible debentures (the "Convertible Debentures") at an issue price of CDN$1,000 pe...Read More

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa's top gold producer.The Minister of Innovation, Science and Industry, said Endeavour, determined there was no need for a national security review of the $1 billion (US$732 million) deal, announced in March this year.Both companies' boards an...Read More

The Northern Miner presents the top-ten Canadian-headquartered diamond companies ranked by market capitalization as of late-June.1. Lucara DiamondMarket capitalization: US$185.6 millionLucara Diamond president and CEO Eira Thomas speaking at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019. Photo by Martina Lang for The Northern Miner.Lucara Diam...Read More

The S&P/TSX Venture Composite Index rose 5.56% to finish the trading week at 598.74. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.Great Bear Resources topped the list of value gains, rising $2.73 to $18.43 per share. The junior recently announced it had intersected a new Red Lake-style gold-bearing zone it has named Arrow, about 1 km west of its Hinge zone, at its flagship...Read More

A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to 3,009.05. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.Shares of Newmont climbed US$2.42 to US$59.34. The company announced it was ranked 13th overall in 3BL Media's (formerly Corporate Responsibil...Read More

The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index climbed 2.25% to 89.36. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per oz., and the S&P/TSX Global Gold Index rose 5.73% to 334.47.Shares of Endeavour Mining climbed $2.47 to $33.12. Canadian regulator...Read More

Publisher's Note: Today we're bringing you an excerpt from The Dines Letter.Few have navigated the market as expertly or with such breadth as Mr. James Dines. Even in this time of great uncertainty, his insight and guidance have proven as strong as ever, especially regarding precious metals.Read on to learn from Mr. Dines yourself.Call it like you see it,Nick HodgeDo not all you can; spend not all...Read More

INN spoke this week to Ronald Stoeferle, managing partner at Incrementum and author of theRead full newsRead More

TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More