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
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") responding to a marked increase in demand for retail channel connections, today announced a set of process and technology changes that facilitate more rapid retail "plug & play" connections and enhanced workflow capabilities to satisfy manufacturer demand.Built to leverage modern Machine Learning and AI tools, t...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has acquired a strategic group of mineral claims that are highly prospective for high-grade silver-gold mineralization and already surrounded by the Company's Hughes Property. In addition, the Company has located a series of historic high-grade underground chip samples...Read More
Gold prices have retreated again. But buying into some choice metal producers remains a good idea given the sunny outlook for bullion demand.Read full newsRead More
However it said the figure only scratched the surface of the work being done by members and cited in-kind efforts, along with other support for health care including the donation of hospitals.The briefing noted in South Africa, Anglo American had made its Highveld Hospital available for treating COVID-19 cases and AngloGold Ashanti had donated two hospitals.It said Gold Fields' South Deep mine had...Read More
(IDEX Online) - Face masks are being sold online to raise funds for Jewelers for Children. New York-based jewelry companies SDC Designs and SHR Jewelry Group are tapping into their manufacturing resources to help a charity that has donated nearly $57m to kids' programs since it was founded in 1999. "Everyone is going to need access to masks as our industry follows guidelines set by the CDC,"...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 resourcesIn a translated statement, the Federation of Copper Workers (FTC) said there were "alarming numbers" of infections and it had received a ser...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesWhether the powers that be in Washington and Montana that received one of the red caps are game enough to wear the take on Trump's "Make America Great Again" 2016 election slogan when out and aboutRead More
Results from the second phase of Minera Alamos' (TSXV: MAI) drill program at its wholly owned Santana project in Sonora have expanded mineralization at the Nicho zone to the southwest and suggest potential for additional extensions at depth.The company's most recent release includes eight drill hole assays - seven are from the Nicho zone while one is from the Divisadero target area.The highlights...Read More
Since its first sale through its Clara sales platform in late 2018, Lucara Diamond (TSX: LUC) has sold US$12.1 million worth of diamonds using the digital technology.The sales platform is designed to modernize the diamond sales process - uploading scanned images of each stone, selling each diamond individually, meeting exact manufacturer specifications, and, as opposed to an auction process, allow...Read More
Silvercorp Metals (TSX: SVM; NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the company $9 million (US$6.7 million).The Vancouver-headquartered miner, which produces silver, lead and zinc from mines in China, originally offered $105 million (abou...Read More
BHP (NYSE: BHP; LSE: BHP) will place on hold part of its expansion plans for its South Flank iron ore project in Western Australia (WA), which would have destroyed dozens of sacred Aboriginal sites.The move follows a national backlash over Rio Tinto's (NYSE: RIO; LSE: RIO) blasting of a 46,000-year-old indigenous site last month in the resource-rich Pilbara region.Western Australia's Aboriginal Af...Read More
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a 'merger of equals' and forming a new company called Orogen Royalties that will focus on project generation and royalty creation.The boards of both companies have approved the transaction, which will see each Renaissance share exchanged for 1.2448 Evrim shares. Once completed, Renaissance and Evrim...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 was reminded in the past week of a speech by former Australian prime minister Gough Whitlam in which he said, "any government which contin...Read More
Julian Kettle, vice chairman of metals and mining at WoodMac, presented his ‘slump scenario' this week via webinar.Read More
George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more...Read More
The law of unintended consequences is - as far as laws go - a pretty interesting one.It's been used by famous philosophers and economists, from Adam Smith's "invisible hand" to John Locke's interest rate experiments, to explain away the problem of trying to predict things.It boils down to this: the actions of people and governments always have effects that are unanticipated or unintended. Viruses,...Read More
- The federal government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited, saying the partnership will create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold. The Vice President, Yemi Osinbajo, disclosed this during a virtual meeting at the launch of nat...Read More
Rising demand for gold, more cost-disciplined miners and undemanding valuations could lead to an increase in mergers-and-acquisitions activity in the gold...Read full newsRead More
The Nasdaq closed above 10,000 for the first time everAnother big day for the Nasdaq -- the index managed to lock in a close above 10,000 for the first time ever -- driven by a surge out of the tech sector. Meanwhile the S&P 500 erased earlier gains, while the Dow ended the day 280 points lower, after the Federal Reserve said it will keep interest rates near zero until there is confidence the eco...Read More
Adobe is set to post earnings after the close tomorrowComputer software name Adobe Inc (NASDAQ: ADBE) is up 2.8% to trade at $408.15 this afternoon, after clocking its fifth consecutive all-time high of $407.06 earlier today. The positive price action comes just one day ahead of its fiscal second-quarter earnings report, which is due out after the close tomorrow, June 11. Adobe stock's impressi...Read More