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
Get the latest news on Houston, Texas, the United States and the world from the Houston Chronicle on HoustonChronicle.com.Read full newsRead More
TheCanadian open pit nickel mine and concentrator is expected to reach full capacity in August.Read full newsRead More
LONDON - Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit by the corona...Read full newsRead More
The second day of the Canadian Mining Symposium (CMS) on June 17 had a golden theme, with the afternoon session featuring Condor Gold (TSX: COG; LSE: CNR), PearTree Financial Services, Equinox Gold (TSX; EQX: NYSE-AM; EQX), and B2Gold (TSX: BTO; NYSE-AM: BTG).Anthony Vaccaro, group publisher of The Northern Miner and head of global mining for Glacier Resource Innovation Group, opened the session b...Read More
Canadian gold and silver juniors are leading project advancement at home and abroad. The following are the top-10 Canadian-headquartered precious metals companies that are developing projects but not yet in commercial production, ranked according to market capitalization in late-June. Royalty and streaming companies are not included in this list.1. NovaGold ResourcesMarket cap: US$2.91 billionAn...Read More
Drilling at Great Bear Resources' (TSXV: GBR; US-OTC: GTBAF) 91-sq.-km Dixie property has intersected a new Red Lake-style gold-bearing zone - Arrow - 1 km west of the Hinge zone, which features a similar style of mineralization.Hole REG-002 returned three gold-bearing zones along 436 metres of core, including 15 metres of 3 grams gold per tonne starting at 452 metres, with visible gold in quartz...Read More
Drill results from Iamgold's (TSX: IMG) 75%-owned Nelligan joint-venture project suggest potential for a western extension of the existing resource and confirm the data in the existing resource model.In a news release, the company has reported assays for six diamond drill holes. Highlight intercepts include 27 metres of 2.86 grams gold per tonne starting at 338 metres, and 25 metres of 1.87 grams...Read More
While the current business outlook remains uncertain, PwC Canada, in its new B.C. mines report, says the British Columbia mining industry is in a good position to withstand volatility due to prudent spending over the last few years and strong environmental, social and governance (ESG) practices.BC Mine 2019 ESG: Resilience and Opportunity in Uncertain Times reports the ESG work that has already be...Read More
Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner.Read full newsRead More
Few gold districts drive exploration excitement like Nevada.Read full newsRead More
The period of European sovereign crisis saw the introduction of TLTROs, and usage increased to ?,?1.26 trn. With today's auction, usage has risen to ?,?1.57 trn, the highest on record.Read full newsRead More
Talisker Resources Ltd. is pleased to announce that the Company hRead full newsRead More
eMetals Limited (ASX:EMT) (eMetals or Company) are pleased to announce the Company has completed the acquisition and settlement of the Poona project.Read full newsRead More
Amex Exploration Inc. is pleased to announce that it has closed tRead full newsRead More
Once again, it looks like the bears and the skeptics were right all along. Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has received its first major purchase order out of Australia for its UV350 dedicated in-vehicle IoT device, valued at approximately $300,000. Marc Seelenfreund, CEO of Siyata Mobile states, "We are very pleased to enter into the Australian market with ou...Read More
The term sheet was agreed with investment firm Lionhead Capital, whose founding partner Paul Quirk is a non-executive director at Cora.It includes US$6 million of equity, US$6 million of convertible debt and US$10 million of debt financing, and is dependent on Cora completing a positive definitive feasibility study (DFS) by the end of 2021.Cora's DFS needs to deliver a minimum six years' mine life...Read More
"Although we continue to hold significant reservations about the eventual path of the earnings recovery and warn there are many challenges yet to be faced, our analysis now suggests that there isRead More
(IDEX Online) - Consumers have been making more "meaningful" jewelry purchases during lockdown, according to research by De Beers.Spending more time with family, and less time commuting, has shifted the focus from towards pieces that represent feelings of love and connection, rather than fun or practicality.Almost half (45%) of those surveyed in the company's monthly "deep dive into diamond-s...Read More
(IDEX Online) - India's overall exports of gems and jewelry slumped by over 82 per cent in April and May as trade was devastated by COVID-19.Overseas sales amounted to just $568m, said the Gem and Jewellery Export Promotion Council (GJEPC), compared with $3.2bn for the same period in 2019.Exports of polished diamonds, mostly destined for the USA, were also well down, from $1.8bn to $389m."Exp...Read More