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
FenixOro Gold Corp is pleased to provide an update on the Phase 1Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - June 25, 2020) - FenixOro Gold Corp (CSE: FENX) (FSE: 8FD) is pleased to...Read full newsRead More
Vancouver, BC- Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that is has finalized plans for a 7,500 metre summer drill program at it's Hughes Property in Central Nevada. The program will be surface based and consist of both reverse circulation (RC) and core drilling in approximately 15 holes beginning in early July.The Company's historica...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, announces amendments to the terms of its outstanding Convertible Debentures and Warrants and announces a new Convertible Debenture Financing.Amendments to Outstanding Debentures and WarrantsThe Company has received Debenture and Warrant Holder...Read More
The IMF said the pandemic had a more negative impact on activity in the first half of 2020 than anticipated.It's projected global growth at -4.9% for this year, and -8% in advanced economies, both 1.9 percentage points below the forecasts in its April World Economic Outlook.It also expected a cumulative loss to the global economy from the pandemic crisis of more than US$12 trillion over 2020 and 2...Read More
The funds are being raised via a placement and share purchase plan at A72c per share, a 12.2% discount to the last closing price.Read More
(IDEX Online) - An African farmer has become an overnight millionaire after unearthing two huge slabs of Tanzanite, one of the world's rarest gemstones. Saniniu Laizer, 52, mined the stones, weighing approximately 20lb and 11lb, last week, and has now sold them to Tanzania's minerals ministry for $3.4m.Tiffany & Co first marketed the green, red, purple and blue stone in 1968 und...Read More
(IDEX Online) - Alrosa has halted operations at its International underground mine after several workers tested positive for COVID-19.The mine, also known as Inter (pictured), close to the town of Mirny, in the subarctic Russian republic of Sakha, will remain closed for up to two weeks.It opened in 1999 and yields some of the world's highest diamond grades, at 8.09 carats per ton.The workers...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe operation is expected to process 75% feed from the Main Lens over a projected 12-year mine life, blended with 25% feed from the Esso Len...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEl Domo has a measured and indicated resource of 9 million tonnes grading 5.2% copper equivalent, or 8.3g/t gold equivalent for 2.4Moz.Read More
Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania."The ore comes in two forms - the primary ore that is at depth and then becomes oxidized as you get close to the surface," Ulrich Rath, the company's direc...Read More
Harmony Gold (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti's (NYSE: AU) assets in South Africa.The Randfontein-based gold producer issued more than 60 million new ordinary shares at a price of 57.50 rand apiece on June 24. Harmony said it represented roughly 11% of its issued ordinary share capita...Read More
The demand for raw materials used to manufacture rechargeable batteries for electric vehicles (EVs) will grow rapidly as the importance of oil as a source of energy recedes, according to a new report from the United Nations Conference on Trade and Development (UNCTAD).According to UNCTAD, ongoing efforts to lower greenhouse gas emissions are expected to spur further investment in green energy prod...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMining company presentations, citing industry analysts, almost universally show metal usage outstripping mine capacity during the 2020s. A s...Read More
Alrosa, the world's top diamond producer by output, has idled its International underground mine for up to two weeks, after several employees tested positive for Covid-19.The Russian miner said it would only carry out work to ensure the safety and maintenance of the site. It noted that workers and contractors will receive compensation in accordance with labour laws."The company has developed sever...Read More
The Minerals Council South Africa figures indicate more than 34,000 jobs have been lost in the industry, which employed about 455,000 people in 2019.The mining lobby group had reported the industry's first death from the global pandemic on May 15.At the time, there were 23 positive COVID-19 cases among the country's mining employees.That figure broke through the 1,000 mark last week, with the seco...Read More
I love a good, old-fashioned feud.Hatfields vs. McCoys, Hamilton vs. Burr, Al Capone vs. Bugs Moran, Donald Trump vs. well, everyone.Now we have a new one: Elon Musk versus ... Trevor Milton?Of course you know Elon Musk - the mad genius behind Tesla Motors and SpaceX - but you probably haven't heard of Trevor Milton. He's the founder of Nikola Corp. (NASDAQ: NKLA), which produces heavy-duty semi-t...Read More
Potential acquisition targets bring opportunities for producers.Read full newsRead More
Pancontinental Resources Corporation announces that it has reacheRead full newsRead More
Great Bear Resources Ltd. is pleased to announce the addition ofRead full newsRead More