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
(IDEX Online) - Coronavirus saw India's gem and jewelry exports fall by more than half last month. Estimates put the total gross figure for March 2020 at $1.5bn, compared with $3.44bn in March 2019, according to the country's Gem and Jewellery Export Promotion Council. That's a drop of 56.4 per cent. February figures for the world's cutting and polishing capital were down...Read More
(IDEX Online) - The president of the the world's largest diamond exchange is calling for urgent government help. Yoram Dvash appealed for targeted assistance to the 1,500 businesses that operate from the Israel Diamond Exchange - or Bursa - in Ramat Gan. The vast majority of workers are on unpaid leave, he said, as coronavirus brings trading to a virtual standstill at the Bursa, on which 15,0...Read More
(IDEX Online) - Two more high-profile Las Vegas shows have been canceled, in response to the Covid-19 crisis. The Couture 2020 and the Las Vegas Antique Jewelry & Watch Show had both been due to take place in June. Organizers of both events, Emerald Expositions, said in a statement that it was cancelling or postponing all planned shows through June. Last month JCK Las Vegas, the biggest j...Read More
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers' Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company's New Afton mine for an upfront cash payment of US$300 million. The proceeds are to be used to reduce the company's debt and increase its financial flexibility."The partnership agreement is a great deal and a great outcome and f...Read More
Not so long ago, in situ oilsands production was little more than a dream in the eye of Alberta's petroleum producers. Years of government and industry-funded research cracked that nut with the development of steam assisted gravity drainage (SAGD) that has created a multibillion-dollar industry paying dividends to both producers and governments for two decades.A new group of entrepreneurs and tech...Read More
Mexico, the world's largest silver producer, has become the latest country to enforce a suspension of non-essential activities in response to the outbreak of the coronavirus pandemic, after confirmed cases in the country climbed above 1,000, with 29 deaths.The government decree, effective until April 30, is expected to have a significant impact on the supply of silver at a time when demand for sil...Read More
John Thornton, Barrick Gold's (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company "due to personal portfolio considerations."Thornton sold 2.63 million shares following the publication of the company's 2019 annual results. The gold major noted that he sold the shares that he had bought using his personal funds and the shares were not subject to holding restrictions.Th...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideAmong ASX-listed resources companies, stocks with rising prices outpaced the number with falling pri...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideA dilemma, artificial intelligence and robots unleashed are among the themes identified in Accenture...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 hereOn March 31, the Mexican federal government mandated that all non-essential businesses temporarily suspend operations until April 30 due to help curb the spread of the CO...Read More
Quantitative easing, checks for every American, expanded unemployment, small business loans, and a grand total $2.2 trillion in deficit spending...Hasn't been enough, apparently.Donald Trump, facing an election year crisis like none ever seen before, now thinks it's time for that infrastructure bill he's been promising for four years."With interest rates for the United States being at ZERO, this i...Read More
Centamin has been without a full time CEO since the resignation of Andrew Pardey in October.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 hereAfter production contracted 1.9% in 2019 to 20.6 million tonnes due to lower ore grades and production disruptions, copper production was initially expected to rebound st...Read More
Reduction or normalization in gap between spot gold and Comex gold June futures is the prime reason for gold price to fall. Delivery uncertainties are over the immediate term. I expect physical gold to be in short supply this quarter. USA, UK and Europe are in a pathetic state of corona virus. India will soon become a largest home of corona virus, thanks to a Muslim congregation where hundreds o...Read More
Reduction or normalization in gap between spot gold and Comex gold June futures is the prime reason for gold price to fall. Delivery uncertainties are over the immediate term. I expect physical gold to be in short supply this quarter. USA, UK and Europe are in a pathetic state of corona virus. India will soon become a largest home of corona virus, thanks to a Muslim congregation where hundreds o...Read More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
South Africa's stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom.Read full newsRead More
Talisker Resources (CSE:TSK) (OTCQB:TSKFF) is pleased to announce partial results from the first drill hole at the Bralorne Gold Project. Read full newsRead More
Gold prices fell for the fourth straight sessionU.S. stocks began April with a grim tone, the Dow continuing its dramatic loss this afternoon to close 973 points lower, with American Express (AXP) and Boeing (BA) weighing heavy.The S&P 500 and Nasdaq also closed deep in the red, as pandemic fears continue and President Donald Trump warned of a "very, very painful two weeks" ahead, as the estimate...Read More
Celanese stock is coming off a free fall from its all-time-high in late 2019Celanese Group (NYSE:CE) just added a crucial company to its product portfolio with the acquisition of Elotex. The chemical and specialty materials company will take ownership of Elotex's facilities in Europe and Asia, which produce redispersible polymer powders, a key component for multiple growing applications. Despite t...Read More