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

HSY reported first-quarter earnings of $1.63 per shareShares of Hershey Co (NYSE:HSY) are down 5.3% to trade at $138 this morning, sitting out the broad market rally. The candy king is lower after reporting first-quarter earnings of $1.63 per share on revenue of $2.04 billion -- both lower than Wall Street's respective estimates of $1.71 per share and $2.08 billion. Also dragging HSY is a huge sal...Read More

China boosted copper imports in March, but still faces challenges as key suppliers are cutting output.Read full newsRead More

The retailer indicated it may not be able to weather the economic effects of the coronavirus Gap Inc (NYSE:GPS) made it clear this morning that it's having a hard time weathering the hard-hitting economic effects of the coronavirus. The retailer said it might not have enough funds to continue operations into the next year, and that cutting costs and raising money by issuing debt would be necessar...Read More

Oil prices appear ready to resume their rallyDow Jones Industrial Average (DJI) futures are muted this morning, as Wall Street unpacks the latest weekly jobless claims. Last week's report showed a 4.4 million increase in unemployment filings, topping the 4.3 million expectation and completely erasing all job gains since November 2009. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX...Read More

VZ's post-earnings price history has been mostly negativeShares of Verizon Communications Inc (NYSE:VZ) have distanced themselves from their late-March sell-off, and are now up 15.6% for the month. At last check, VZ is up 2.2% trading at $58.05 due in part to an long-term agreement the company came to with Clearway Energy (CWEN) in which the two companies will finance the construction of new wind...Read More

IsaMill, a fine grinding technology that has made a name for itself on the market over the last 25 years as the world's only horizontal fine-grinding mill, always had advantages. But key design changes have now made it even more competitive.Its original incarnation was engineered 25 years ago in Australia, where a complex orebody required a finer grind than any existing mill could deliver. What be...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."We expect that the demand both for equipment and in the aftermarket will be lower and that the effects of the pandemic will have a significant negative impact on revenu...Read More

Victoria Gold (TSX: VGCX) announced it has entered the agreement with a syndicate of underwriters, led by BMO Capital Markets and PI Financial Corp, for the placement priced at $7.Read More

It said the emergency protocol was a preventative measure, as agreed to by external inspection bodies, and aimed to provide a better understanding of the current drainage conditions of the dam.Vale said the Borrachudo II dike was a small structure designed to contain sediments from the Borrachudo Ipoema waste dump.It did not expect any impact to its 2020 production plan.According to the company, t...Read More

Share this articleCALGARY - Dominion Diamond Mines ULC has been granted creditor protection under the Companies' Creditors Arrangement Act.The company says the CCAA filing was brought on by the impact of the COVID-19 pandemic, which closed the diamond markets.Dominion operates the Ekati diamond mine, in which it owns a controlling interest, and also owns a 40 per cent stake in the Diavik diamo...Read More

(IDEX Online) - The overall growth in sales of watches and jewelry slowed in the USA in February, as the coronavirus crisis escalated and the nation's first cases were confirmed.The year-on-year increase was 3.4 per cent, down from 4.7 per cent last December and 4.1 per cent in January.Meanwhile, overall jewelry and watch sales figures for recent months have been revi...Read More

(IDEX Online) Canada's troubled Dominion Diamond Mines has been granted insolvency protection, a month after closing its Ekati mine to prevent the spread of coronavirus. The Calgary-based company is speaking to lenders, creditors, equity owner and other stakeholders to "solicit and evaluate strategic alternatives to restructure the company financially and operationally." It filed for ins...Read More

(IDEX Online) - Insurance firm Jewelers Mutual Group is making its online safety and security learning platform freely available to non-policy holders during the coronavirus crisis. More than 1,000 client businesses already use its JM University for annual training and new hire orientation.  It is now being made available to the entire industry. JM University comprises 10 structured courses,...Read More

JOHANNESBURG (miningweekly.com) –  Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures.The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term and preserving its ability to return affected op...Read More

JOHANNESBURG (miningweekly.com) – Diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo is mined prior to transitioning to underground mining, Anglo American reported on Thursday.Venetia’s underground mine will extend operational life to 2045.AdvertisementIn its first quarter production report for the three...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.Production losses are probably far larger than the figures for known interruptions indicate due to nvisible losses from mines which continue to operate with a reduced wo...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAdriatic said Thursday it had received a "positive record of decision" from BiH's ministry of environment and tourism for an environmental permit for Veovaca, following an environmental impactRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAmong the highlights were 40.8m at 2.66% copper from 144.7m, including 16.7m at 4.7%; and 70.3m at 1.66% copper from 83.7m."The intercepts are high grade, close to surface and appear to be very low in contaminates," Alacer said, adding the low levels of other metals or arsenic was unusual for skarn-type deposits.Artemis all set tha...Read More

After three successful years at Canada House in London, England, this year's event from June 16 to June 18 will be digital - expanding its reach to mining executives and investors around the world.The virtual conference will feature Sean Boyd, president and CEO of Agnico Eagle Mines, Don Lindsay, CEO of Teck Resources, Randy Smallwood, president and CEO of Wheaton Precious Metals, Gord Stothart, p...Read More

CIBC is increasing its gold price forecast to US$1,725 per oz. in 2020 and US$1,800 per oz. in 2021, up from its previous estimates of US$1,600 per oz. for both years.The bank is also boosting its 2022 forecast to US$1,600 per oz. from US$1,500 per oz., but is leaving its long-term forecast for 2023 unchanged at US$1,400 per oz."If the 2008-2011 Global Financial Crisis is any indicator, the outloo...Read More