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
Greatland Gold could be a fantastic bargain at current levels if the company's able to live up to its full potential, based on current estimates. The post Is Greatland Gold the bargain you need to buy today? appeared first on The Motley Fool UK.Read full newsRead More
"Despite the recent correction, the S&P 500 has recouped most of its losses since the start of the crisis; the FTSE emerging market index and Africa index are substantially improved; the BovespaRead More
This week's episode features the opening of this year's Canadian Mining Symposium held on Zoom from June 16-18, 2020. Northern Miner group publisher Anthony Vaccaro gives opening remarks to the event followed by TMX Group's head of business development, Dean McPherson, who discusses the inner workings of listing on the Toronto Stock Exchange and the TSX Venture Exchange.All this and more with onli...Read More
The company's maiden drilling at the Ban Chang prospect hit 5.2m at 0.66% nickel and 0.73% copper (plus 0.79 grams per tonne PGE) from 58m, including 1m at 3% nickel and 1.2% copper.Read More
The number of cases has risen to 998 and deaths increased to two, according to the latest figures from the Minerals Council South Africa, which were last updated on June 15.It said almost 260,700 miners had been screened, 10,890 had been tested, there were 614 active cases and 382 recovered.The council said there were 521 results pending.On Friday, there had been one death and 879 positive cases.T...Read More
Share this articleTORONTO - Iamgold Corp. [TSX-IMG, NYSE-IAG] says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union.The Canadian mining company says it proceeded with getting medical care and putting the individuals in quarantine while disinfecting their living quarte...Read More
(IDEX Online) - The Jewelers Vigilance Committee has released a free guide to help those in the US trade navigate their way through complex new rules on the manufacture, sale and advertising of jewelry.Understanding the FTC Guidelines is is an expert-level, all-in-one resource that explains July 2018 revisions tof the Federal Trade Commission jewelry guides and other important laws and regulations...Read More
(IDEX Online) - Troubled Dominion Diamond Mines is suing DDMI, the majority joint venture partner at Canada's Diavik mine, alleging breach of contract.In a notice of a civil claim lodged at the Supreme Court of British Columbia yesterday, it claims DDMI, a subsidiary of the global mining giant, had failed to act in the best interests of the partnership.Dominion, the world's third largest...Read More
Amazon is selling copies of Meghan Markle's diamond engagement ring at the rock-bottom price of just $25.The real thing features a cushion-cut diamond sourced by Prince Harry from Botswana, with two smaller stones that belonged to his late mother, Princess Diana, set in yellow gold band by royal jewelers Cleave and Company.The copy is made of gold-plated silver, with a 3.5-carat full cushion...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 resourcesLamont joined CSL from MMG in late 2015. Before that, he was CFO of OZ Minerals, PaperlinX and Incitec Pivot.Between 2001 and 2006, Lamont w...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt said yesterday the Minnesota Supreme Court had granted review of a Court of Appeals' March 23 ruling regarding an air permit, which had been sent back to state regulators for further evaluation.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt had suspended processing at its fledgling operation in April due to the impact of COVID-19.The company had begun the phased remobilisation of plant personnel and was targeting a processing restart in August, it said yesterday.Artemis all set thanks to unique approachSPONSOREDartemis resourcesMeanwhile it had made "considerable p...Read More
The second day of the Canadian Mining Symposium (CMS) went global on June 17, with the virtual event bringing together another set of speakers from across a wide spectrum of the industry. The sessions ran the gamut from technical presentations to discussions with junior miners, as well as in-depth and personal conversations with some of the biggest names in the business.The morning began with Anth...Read More
The fifth instalment of the Canadian Mining Symposium kicked off on June 16. In light of the Covid-19 pandemic, this year's event has been moved from the auspicious setting of Canada House in London, U.K., to the virtual realm.The symposium now boasts over 2,166 attendees from 83 countries consisting of mining experts from across the spectrum, including CEOs, managing directors, and presidents to...Read More
Dominion Diamond Mines is suing DDMI, its associate in the iconic Diavik mine and a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), for alleged breach of contract and acting against the best interests of the partnership.The lawsuit, filed on Tuesday in the Supreme Court of British Columbia, Canada, alleges that Diavik Diamond Mines, which owns 60% of Diavik, has operated the mine in a manner that s...Read More
A preliminary economic assessment (PEA) for Osisko Metals' (TSXV: OM; US-OTC: OMZNF) wholly owned Pine Point project in the Northwest Territories outlines an 11,250 tonne per day open-pit and underground operation, mining 47 small open pits and eight high-grade shallow underground deposits.The proposed 10-year mine would produce an average of 327 million lb. of zinc and 143 million lb. of lead ann...Read More
Northern Dynasty Minerals (TSX: NDM; NYSE-AM: NAK), the company behind a proposed massive copper-gold mine in southwest Alaska, has announced a revenue sharing program for full-time residents of Bristol Bay.The initiative would distribute a 3% of the revenue generated from the Pebble copper-gold-silver mine among adult locals who subscribe as participants of the "Pebble performance dividend" plan....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 resourcesI noted several months back, possibly on more than one occasion, that I felt we were entering, or indeed, well into, Cold War II.Read More
IAMGOLD is the latest company to experience pushback and has suspended operations at its Rosebel gold mine in Suriname after the union resisted the implementation of prevention measures after seven workers were diagnosed with the virus.The union at Rosebel, which is forecast to produce 245,000-265,000 ounces of attributable production this year, resisted social distancing measures such as reducing...Read More
In 2018 and 2019, I started recommending quality gold mining stocks to my largest group of paying readers. It was clear the gold market - which had been in a bear market for years - had put in a bottom and was poised to take off. Gold and gold stocks can hibernate for some time, after which they go on notorious bull runs (more on that in a second). It was clear in 2018 and 2019 - and is even cl...Read More