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

A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms."We forecast global gold production to increase from 106 million oz. in 2020 to 133 million oz. by 2029, averaging 2.5% annual growth," the document states. "This would be an acceleration from the average grow...Read More

At least 1.1 tonnes of gold mined in the Democratic Republic of Congo (DRC) were smuggled last year into countries along the eastern border, costing the impoverished nation millions of dollars in tax revenue and funding conflict and criminal networks, a United Nations Group of Experts report shows.Congo's official exports of gold extracted by artisanal miners bear almost no relation to reality, th...Read More

Kinross Gold (TSX: K; NYSE: KGC) has reached an in-principle deal with the government of Mauritania, which the company says will better balance the interests of both parties in the Tasiast gold mine.Under the terms of the agreement, Mauritania would provide Kinross with a 30-year exploitation licence for Tasiast Sud, granted with expedited permitting and the possibility of early mining.It could al...Read More

The global Top 40 mining companies are so far weathering the Covid-19 storm mostly unscathed, but the longer-term impacts remain uncertain and ongoing disruption is likely, according to PwC's Mine 2020 report.The International Monetary Fund (IMF) predicts a 3% contraction in the global economy for 2020, but sees the mining sector in good condition on the back of a solid financial performance in 20...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 resourcesBoth Glencore and Adani have their own reasons for maintaining an interest in coal despite a worldwide campaign to sideline the material and...Read More

Deflation is central bankers' worst enemy. Don't believe what they say (ever), believe what they do.By the time you read this there will be over 40 million people who have filed for unemployment yet the Fed chairman Jerome Powell knows that to maintain the illusion of "order" the financial markets must be supported at all costs.To that end, the Fed has done an excellent job thus far. Making sure w...Read More

Wheaton (WPM) likely to benefit from expansion moves, higher gold prices and strong cash position.Read full newsRead More

Omineca Mining and Metals aims to culminate its 2020 program with drilling.Read full newsRead More

(IDEX Online) - Diamonds, pearls and other jewelry valued at $177m have been seized by Indian officials investigating fugitive billionaire Nirav Modi and his uncle Mehul Choksi. Last week a court approved the confiscation of assets for the first time since the Fugitive Economic Offenders Act came in to force two years ago.A total of 108 packages allegedly despatched to Dubai by firms owned by...Read More

(IDEX Online) - Signet Jewelers will emerge from COVID-19 as a stronger company, said CEO Virginia Drosos, despite the planned closure of 400 stores and Q1 total operating losses of $291m. She told the CNBC business news channel the coronavirus pandemic was a "a temporary setback" and their strategies, including e-commerce, were working. "I see Signet emerging as a stronger team and company on the...Read More

(IDEX Online) -  JCK, the biggest jewelry show in North America, is going online and Indian manufacturer Dharmanandan Diamonds has announced a virtual trade event - both in response to the COVID-19 pandemic. JCK announced in April that it was cancelling its Las Vegas show, which attracts over 30,000 of the world's most influential industry professionals, and its sister event Luxury. Inst...Read More

(IDEX Online) - Three diamond factories in Surat, India, have been fined for breaching COVID-19 rules.Workers were not wearing masks or keeping a social distance, according to The Indian Express news website. Officials made unannounced checks in the Katargam zone of the city after 16 of those who tested positive for coronavirus were found to be diamond workers.Amrut Gems, Bhagwati Gems and Sh...Read More

Copper demand is expected to grow over the coming years, as the world continues the transition to electric-powered vehicles. However, many industry watchers have noticed a scarcity of pre-production copper assets for this expanding market. Below, we provide an overview of seven companies working to advance copper projects around the world. Carube CopperThe contact between Main Ridge's hematite an...Read More

The gold miner is making moves to improve its near-term financial flexibility.Read full newsRead More

State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday.Read full newsRead More

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

Exploration drilling has confirmed the continuity of high-grade mineralisation at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver.The mine is a joint venture between Imperial Metals (TSX: III) and Australian miner Newcrest Mining (ASX: NCM). Newcrest holds a 70% stake and Imperial a 30% interest. Newcrest is the mine operator.The...Read More

Copper prices surged to their highest levels in nearly three months on June 11, reaching US$5,801.5 per tonne (US$2.63 per lb.) on the London Metals Exchange (LME), up almost 20% from a low of US$4,854 per tonne (US$2.20 per lb.) on March 5, when commodity markets started to free-fall due to the Covid-19 pandemic.A ramping-up of demand from China, the top consumer of the red metal, is now fuelling...Read More

For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one - even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future for diamonds, some juniors are finding ways to advance their projects, despite the tough times. Here's a look at several active Canadian-based diamond explorers (an...Read More

China's Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals' (TSX: SVM; NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at $323 million (US$238 million).The Fujian-based mining giant has offered Guyana Goldfields $1.85 in cash for each common share, which is 35% higher than Silvercorp Metals' proposal.Prior to signing the a...Read More