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
VF Corp's fiscal fourth-quarter earnings and revenue both missed analysts' estimates Apparel name VF Corp (NYSE:VFC) just announced its fiscal fourth-quarter results, with earnings and revenue coming in below analysts forecasts. The North Face parent also forecast a more than 50% drop in revenue for its current quarter, with pandemic-related store closures digging into sales, and did not provide a...Read More
U.S.-China trade tensions are flaring up again tooYesterday's huge comeback is already in the rear-view mirror, with Dow Jones Industrial Average (DJI) futures pointed sharply lower this morning after retail sales plunged to a new record-low of 16.4%, handily worse than the estimated 12.3% drop. Futures on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also set to open below fair va...Read More
Thanks to its ammonium nitrate manufacturing plants and strength in electronic blast initiation systems, Orica has grown to become Australia's largest METS player.Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here."Over the last quarter, the COVID-19 pandemic has developed from an emerging threat into a very significant reality," Davidson said on a webinar.CRU believes Chinese cop...Read More
Engineering consulting and management practice Zimile Consulting Engineers intends to diversify into the mining sector and believes that it is equipped and skilled to deliver quality service, says Zimile Consulting Engineers COO Fergus Feltman.“Given the scale and nature of work that the company has done over the years for other sectors, Zimile Consulting Engineers seeks to offer value-addin...Read More
Asiamet said approval from the governor of Central Kalimantan was an important step towards securing the forestry borrow-to-use permit it needs from Jakarta.Asiamet's executive chairman, Tony Manini, said the governor's recommendation was "very timely and while the value of this work is often under-estimated, the receipt of key approvals and permits serves to significantly de-risk and add substant...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesRio Tinto owns a 33.5% indirect interest in Oyu Tolgoi through its 50.8% shareholding in Turquoise Hill, which holds 66% of the project in joint venture with the Mongolian government.Read More
Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesEditor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic fre...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling at the high-grade Hod Maden project in Turkey returned a spectacular hit of 85.3m at 84.3 grams per tonne gold and 6.8% copper from 19m (using a 2.Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost an additional US$1.8 billion.The Rio Tinto-controlled company and mine operator had expected the underground expansion to cost US$5.3 billion when it was approved in 2015. Last year, however, Turquoise Hill flagged stability risks associ...Read More
Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has rebuffed an unsolicited proposal from Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) for an all share, three-way merger that includes Gold X Mining (TSX-V: GLDX; US-OTC: SSPFX), instead reaffirming its support of an earlier takeover offer by Silvercorp Metals (TSX: SVM; NYSE-AM: SVM) of 60 ? in cash, or 0.1195 of a Silvercorp common share, for each of...Read More
Mining in Mexico, the world's largest silver producing country, is set to fully resume next week as authorities implement a gradual nationwide return to a "new normal," which will see more than 200 coronavirus-free towns reopen on May 18.The rest of the country, which has been on a nationwide lockdown for more than seven weeks, will resume activities on June 1, the government announced late on May...Read More
Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAlthough Tesla's Model 3 was the highest selling car of the month, Roskill, a mining-industry consultanc...Read More
TEL AVIV – Israel's economy is slowly returning to normal with the gradual easing of its lockdown, but the once vibrant diamond exchange floor in Tel Aviv remains shut and the diamond district, one of the world's main trade and polishing centres, is still deserted.Before the new coronavirus reached Israel, the trading floor was often a hive of activity where hundreds of people from a...Read More
VidCon is Stockhead's video conference series, bringing you expert insights, panel discussions and presentations on the most interesting and relevant ... Read More The post Stockhead VidCon: Gold Out West - The Explorers appeared first on Stockhead.Read full newsRead More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
NV Gold Corporation is pleased to announces that, further to its news release of May 11, 2020, it has increased its private placement up to 8,200,000 units at CAD$0.14 per Unit for total gross proceeds of up to CAD$1,148,000.Read full newsRead More
Renforth Resources is pleased to announce that SGS Lakefield has been retained to determine the basic metallurgical response of a sample from New Alger's Discovery VeinsRead full newsRead More
QMX Gold Corporation is pleased to announce that in exchange for a $250,000 deposit, it has granted to O3 Mining an option to purchase the Aurbel MillRead full newsRead More