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

President Trump will announce guidelines to reopening the economy later todayAfter a sluggish start, Dow Jones Industrial Average (DJI) futures are climbing, shaking off subpar economic data this morning. The positive price action comes even after the latest weekly jobless claims report of 5.24 million, that topped the 5 million estimate. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index...Read More

The latest retail sales and factory output reports showing declines "were the most solid pieces of evidence yet that the economy was in deep recession and potentially at risk of a depression," Reuters reported.The data comes as the number of confirmed COVID-19 cases globally has risen above 2 million, according to tracking by the Johns Hopkins University.Meanwhile Chinese steel exports jumped in M...Read More

Palladium One Mining (TSXV: PDM) has extended the Kaukua South zone anomaly at its flagship L??ntinen Koillismaa (LK) PGE-nickel-copper project in north-central Finland."Reconnaissance drilling carried out by previous owners of the property showed mineralization to be associated with the anomaly, and we have now extended it over four kilometres into a large area of overburden that has never been d...Read More

New shares that were issued in the placement at 0.5c each reached 8.5c today, representing a notional 1600% return.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 hereBase and Madagascan authorities have yet to agree on the fiscal terms of the proposed Toliara development.Meanwhile in Kenya, the Kwale operation reported production incr...Read More

DRA has been closely involved with the project from the preliminary economic assessment stage through to the most recent feasibility study, placing it at the top of the list of several international engineering firms that competed for the EPCM contract via a competitive tender process.The engineering phase of the project will be done through the DRA's offices in Montreal and Toronto and the site-b...Read More

The First Environmental Court said it would process the lawsuit filed by the State Defense Council (CDE), which accuses Minera Escondida of causing "continuous, cumulative, permanent and irreparable environmental damage to the Punta Negra salt flat".The CDE case is based on seven aspects, according to the court, namely: a severe decrease in the levels of the salar aquifer, which compromises its re...Read More

Share this articleTORONTO - Barrick Gold says it's on track to achieve its production guidance for this year despite the impact of the COVID-19 pandemic.The disclosure by Barrick that it is well positioned to meet its full-year targets comes as businesses around the world adjust to a dramatic pullback in activity amid widespread preventative health measures.The gold miner says it produced 1.25 mi...Read More

(IDEX Online) - Canada's Renard diamond mine is to remain closed, even though a coronavirus ban on its operations was lifted yesterday. Owners Stornoway Diamond say it will remain on care and maintenance because the rough market is so depressed. The company said 540 workers would be affected and 50 would remain on site at in the James Bay region of north-central Quebec. Work was suspended at...Read More

(IDEX Online) - The future of Baselworld, the world's largest watch and jewelry event, is hanging in the balance after an exodus of five big-name exhibitors.Rolex, Patek Philippe, Chanel, Chopard and Tudor all said they were pulling out of the show - rescheduled for January 2021 because of coronavirus -  in protest at the  new date and refund policy.The brands they have joined...Read More

(IDEX Online) - India's ailing diamond industry is appealing for government help to cover minimum wages after the country's lockdown was extended to 3 May. Production in Surat, the world's cutting and polishing capital, is at a standstill and an estimated 225,000 migrants - half of its workforce - have returned to their home towns elsewhere in Gujurat. "While wages for March have be...Read More

Aim-listed Vast Resources has raised £600 000 through a placing of almost 400-million ordinary shares of 0.1p in the company at a price of 0.153p apiece.The placing was undertaken by Axis Capital Markets, which was appointed as a joint broker to Vast.AdvertisementThe cash raised from the placing will be used to maintain the company’s working capital in light of the anticipated con...Read More

JOHANNESBURG (miningweekly.com) – All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout the national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday.Thereafter, mining capacity would be permitted to increase with a risk-base...Read More

Russia-based diamond miner Alrosa produced eight-million carats of diamonds and sold 9.4-million carats in the first quarter of the year.The company generated sales revenues of $904-million from rough and polished diamonds.AdvertisementThis was despite diamond production seasonally declining by 9% quarter-on-quarter, although year-on-year diamond production growth was 2%. The year-on-year growth w...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa on Thursday said that it was reviewing various funding scenarios and financing restructuring possibilities amid the global Covid-19 pandemic.A care-and-maintenance and security programme is being implemented at its Mothae operation, in Lesotho, after the South African government effected a nation-wide lockdown which impacted on the flow of esse...Read More

Look beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFollowing the release of metallurgical test work results in October 2019, SolGold began engaging with major global co...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The Toronto-headquartered company said its first seven drill holes tested the shallowest part of the North Zone, which s...Read More

For a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto (NYSE: RIO; LSE: RIO) may spend up to US$30 million to earn a 70% stake, sounds almost too good to be true.But that's exactly what American Pacific Mining (CNSX: USGD; US-OTC: USGDF) pulled off this week in an all-share deal w...Read More

A Chilean environmental court will look into the State Defence Council's (CDE) allegations that the Escondida copper mine, the world's largest, has caused "irreparable damage" to the Punta Negra salt flat, in the northern Antofagasta region.In the lawsuit filed against the mine, majority-owned by BHP (NYSE: BHP; LSE: BHP), the government agency claims Escondida generated, between 1990 and 2017, "c...Read More

Solstice Gold (TSXV: SGC) has completed a new technical report on its Kahuna gold project, located 26 km northeast of Rankin Inlet and 15 km from Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) Meliadine gold mine in the Kivalliq region of eastern Nunavut."The updated technical report validates our exploration strategy and modelling for Kahuna, and confirms it as an attractive, early-stage exploration p...Read More